The group's net sales rose to 206.7 MSEK (187.7). The operating loss of 215.6 MSEK includes 125.9 MSEK in goodwill amortisation.
Net sales, MSEK
+10.2% vs 2024
Cash and bank, MSEK
112.5 at the end of 2024
Equity ratio
+4.5 percentage points vs 2024
| 2025 | 2024 | Change | |
|---|---|---|---|
| Net sales | 206.7 | 187.7 | +10.2% |
| Operating profit | −215.6 | −219.5 | – |
| Cash flow, operating activities | −63.9 | −66.4 | – |
| Cash and bank | 80.6 | 112.5 | −28.3% |
| Equity ratio | 79.7% | 75.2% | +4.5 pp |
How the year went
The company writes that the growth in new customers is a result of the sales and marketing organisation it has built up, with a focus on telecoms, energy, insurance and mobility. Of the costs, 154.2 MSEK was depreciation, amortisation and impairment, and cash flow from operating activities was −63.9 MSEK (−66.4). Billogram invested 28 MSEK in research and development.
New share issue of 55.7 MSEK strengthened the cash position
The new share issue brought in 55.7 MSEK, and cash stood at 80.6 MSEK at year-end (112.5). The equity ratio rose to 79.7 per cent (75.2). Management considers the conditions for continued strong growth to be good. The figures refer to the group; the parent company Billogram Holding AB is a holding company with no revenue of its own.
Source: Billogram Holding AB, annual report for the 2025 financial year. Amounts in MSEK; comparative figures in brackets refer to 2024. Percentage changes are calculated from the amounts reported in the report.
