Goobit Group AB publishes its Interim Report Q2 2024/2025, 1 August 2024 - 31 October 2024

Overview Financial Results

Q2, 1 AUGUST 2024 – 31 OCTOBER 2024

– COMPARED WITH THE CORRESPONDING PERIOD OF THE PREVIOUS YEAR –

• Net sales amounted to 50.8 MSEK (26.7).
• Operating profit amounted to -2.9 MSEK (-2.2).
• Income after financial items amounted to -3.0 MSEK (-2,2).
• Earnings per share before and after dilution amounted to -0.01 SEK (-0.008).

Important Events During the Period

• Goobit AB announces that its current supplier has unilaterally terminated Swish payment services for the Company, effective immediately. This action follows policy adjustments previously communicated by the supplier's partner. Goobit is currently onboarding with several new suppliers to restore Swish payment services and introduce a range of additional payment methods, enhancing the overall transaction experience for the Company's customers.
• Goobit AB announces that the Company has launched SEK card payments via it’s partnership with a leading global payment service provider. This marks an important milestone in Goobit’s ongoing efforts to provide customers with more flexible and efficient payment options.

Important Events After the Period

• Goobit Group AB (“Goobit” or “the Company”) has entered into a partnership with the Stockholm Junior Chamber of Commerce (JCI Stockholm), part of the global Junior Chamber International network. The partnership aims to provide entrepreneurs with access to the Bitcoin economy through Goobit’s trading platform, BTCX.
• Goobit has achieved a preliminary positive EBIT of 4.5 MSEK and total revenue of 163.4 MSEK for the month of November 2024. This compares to a loss of 1,3 MSEK and total revenue of 9,1 MSEK in November 2023. The Company’s OTC service (https://bt.cx/en/otc/), through its platform BTCX, has been a key driver of this increase in sales and positive results, as well as one-time revenues linked to the strong price development of Bitcoin and other crypto-assets.

SHAREHOLDERS' LETTER - GOOBIT GROUP AB

Dear Shareholders and Prospective Investors,
It’s been an incredible journey working with Goobit and Bitcoin over the past year. As we’ve navigated a rapidly evolving industry, global understanding of the underlying technology has expanded, and countries worldwide are increasingly viewing Bitcoin as a strategic reserve asset. Against this backdrop, I’d like to reaffirm our company’s vision and goals for the future—while taking a moment to recognize the milestones that brought us here.

Reflecting on Our Heritage and Accomplishments
Goobit was founded in 2012 with a single, clear mission: to make Bitcoin easily accessible to everyone. With the launch of BTCX for the Swedish market, we became one of the first companies in Europe to provide a user-friendly onramp to Bitcoin. In 2013, we introduced a merchant solution and established Stockholm’s first retail shop to accept Bitcoin, laying the groundwork for broader commercial adoption. By 2015, we had initiated the Great Bitcoin Awards to honor individuals and organizations that drive this technology forward in Swedish society.

Today, as part of our commitment to Bitcoin's long-term potential, Goobit, as of 15 of December 2024, holds 5.39 BTC in reserve. The company adjusts its allocation based on its needs from time to time, to ensure alignment with strategic goals.

Our educational outreach has been equally impactful. Over the years, we have educated government representatives, Nordic banks, and the auditors’ network FAR, helping key decision-makers understand both the technology and its implications for the financial landscape.

Building the Gateway Between Money and Bitcoin
At Goobit, our focus has always been on creating a strong, secure, and efficient platform to create value for Swedish citizens. We prioritize safeguarding our customers’ assets and maintaining a robust compliance framework. In 2022, we launched our AML Desk service to further enhance trust and security. This service enables customers to screen transactions before assets are received, helping prevent money laundering and the involvement of sanctioned entities, and providing AML reports to satisfy regulatory requirements and build market confidence. Transparency and compliance foster trust, encouraging broader participation in the Bitcoin economy.

Looking Ahead: Education, Accessibility, and Expansion
While Bitcoin is now accessible in most parts of the world, far too few understand its importance as a hedge against inflation and its potential emergence as a global reserve currency. That’s why continued education remains integral to our mission. We strive to bring Bitcoin’s transformative benefits to new markets and communities—especially those experiencing significant economic challenges and with an open regulatory environment.

Our team is working tirelessly to make Bitcoin ownership simple, intuitive, and universally available. We have made substantial strides in Sweden and now set our sights on broader markets. With the upcoming EU MiCA regulation, the European Union presents a prime opportunity for further growth. We will also focus on high-inflation regions, where the demand for a stable, transparent alternative is urgent.

A Trusted Brand, A Global Stage
Our long-standing Swedish heritage, embodied by BTCX, and our reputation as a publicly listed, early adopter in the Bitcoin space, form the solid foundation we need to scale. We are already well recognized among our peers in Europe. Our next challenge is to extend this reputation to the global stage.

I invite you to join us as we enter our next phase of growth and innovation. Together, we will push forward, bringing Bitcoin to everyone, everywhere.

Thank you for your continued trust and support.

Happy holidays,

Christian Ander
Chief Executive Officer, Goobit Group AB

For further information, please contact:
Christian Ander, CEO, Goobit Group AB
Email: ir@goobit.se

About Goobit Group | BTCX
Goobit Group AB (publ) operates in the financial sector. The company launched the world's longest running Bitcoin exchange BTCX in 2012. Goobit is Sweden's leading Bitcoin company in financial services and education. The company offers exchange services of fiat currencies to Bitcoin and has so far exchanged over 2.0 billion SEK. The company's most well-known brands are BTCX Express and Standard Bitcoin Exchange (BTCX). In addition to exchange services, the company also offers services in anti-money laundering (AML Desk) and compliance for crypto assets. Goobit Group AB (publ) was registered in 2013 and is a group with operations in the wholly-owned subsidiaries Goobit AB, Goobit Blocktech AB, and Goobit Exchange AB. Goobit AB targets private individuals, corporate customers, and financial institutions. The group has its headquarters in Gamla Stan, Stockholm, Sweden.

For more information, see Goobit's website www.goobit.se