K33 Publishes Q4 and Year-End Report for 2024
Strong growth and preparing for partners.
K33 closed a record-breaking Q4, achieving 375M SEK in revenue, a 50% increase from Q3 2024. The quarter also marked the successful rebrand from Arcario to K33, strengthening its market position. Additionally, K33 posted a positive EBITDA of 1.3M SEK, demonstrating operational efficiency and sustainable growth.
For the full year, revenue grew 530% from 154M SEK in 2023 to 970M SEK in 2024.
The full report for Q4 2024 is available on k33.com/ir/reports.
Highlights
- Record-Breaking Quarter
- K33 achieved 375M SEK in revenue, a 50% increase from Q3 2024.
- Successful Rebrand
- The transition to K33 was successfully completed, reinforcing K33’s market position with a stronger brand and core focus of redefining wealth management in the digital era.
- Positive EBITDA
- K33 posted a positive EBITDA of 1.3M SEK, reflecting its disciplined approach to growth and operational efficiency.
- Onboarding partners (Subsequent event)
- K33 has onboarded its first bank as a corporate client and is in the process of developing its first “brokerage-as-a-service” model with Stack, laying the foundation for future growth.
Fourth quarter of 2024
-compared to the fourth quarter of 2023-
- Group revenue increased to 375,432 kSEK (85,730)
- EBITDA amounted to 1,349 kSEK (-6,974)
- EBIT amounted to -533 kSEK (-11,140)
- The result for the period amounted to 72 kSEK (-27,119)
- Earnings per share before dilution amounted to SEK 0.000 (-0.003)
Full Year 2024
-compared to full year 2023-
- Group revenue increased to 969,515 kSEK (154,305)
- EBITDA amounted to 6,654 kSEK (-21,867)
- EBIT amounted to -1,556 kSEK (-70,879)
- The result for the period amounted to -3,870 kSEK (-89,997)
- Earnings per share before dilution amounted to SEK 0.000 (-0.006)
Torbjørn Bull Jenssen, CEO K33, comments:
“K33’s takeover of Arcario has been a great success. We are experiencing accelerated growth while preparing for partnerships with banks and financial service providers.”
For further information, please contact:
Torbjørn Bull Jenssen, CEO, K33 AB (publ)
E-mail: [email protected]
Web: k33.com/ir
About K33
K33 AB (publ), listed on Nasdaq First North Growth Market, is the new gold standard for investments in digital assets. K33 offers market-leading execution, actionable insights, and superior support to private and institutional partners across EMEA. Mangold Fondkommission serves as the Certified Adviser for K33 AB (publ).