Digitalist Group Plc’s Business Review, 1 January – 31 March 2025

Core Insights - Digitalist Group Plc has reported improvements in both turnover and profitability for Q1 2025 compared to the same period in 2024, with turnover reaching EUR 4.5 million, an increase of nearly 16% from EUR 3.9 million [2][8] - The company's EBITDA for Q1 2025 was EUR -0.1 million, an improvement from EUR -0.4 million in Q1 2024, indicating the effectiveness of cost-saving measures [3][8] - The Swedish market remains a strong revenue driver, while the Finnish market presents challenges, yet the company has managed to increase revenue through established relationships [4] Financial Performance - Turnover: EUR 4.5 million (EUR 3.9 million), increase of 15.6% [8] - EBITDA: EUR -0.1 million (EUR -0.4 million), -3.0% of turnover (-10.4%) [8] - EBIT: EUR -0.3 million (EUR -0.6 million), -5.9% of turnover (-15.8%) [8] - Net income: EUR -1.0 million (EUR -1.0 million), -23.0% of turnover (-27.0%) [8] - Number of employees: 123 (125), reduction of 1.6% [8] Future Outlook - The company expects turnover and EBITDA to improve in 2025 compared to 2024, with sufficient working capital anticipated to meet requirements over the next 12 months [9]