Interim report
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Quarterly Q2 2026 January - June Report Q2 K33 AB (publ) 556668-3933
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Q2 marked an important strategic milestone for K33 with the receipt of our MiCA authorization. While trading activity moderated during the quarter, we continued to strengthen the regulatory and operational platform for a broader European business. Torbjørn Bull Jenssen CEO, K33 AB (publ)
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Introduction MiCA authorization marks key milestone as K33 advances European strategy Highlights: K33 Markets received MiCA authorization from the Norwegian Financial Supervisory Authority on 16 June, establishing the regulatory foundation for K33’s continued European expansion. Group revenue amounted to 192.9 MSEK in Q2 2026, compared with 399.2 MSEK in Q2 2025. For the first half of 2026, revenue increased by approximately 10% to 932.8 MSEK, compared with 849.4 MSEK for the first half of 2025. The Q2 result of -19.6 MSEK was significantly affected by Bitcoin valuation movements, with approximately 14 MSEK relating to unrealized valuation effects on K33’s direct Bitcoin holdings and K33’s share of the result in Sixty Six Capital. After the end of the quarter, K33 passported its MiCA authorization into Sweden, Denmark, Finland and Germany, marking the first step in its active European expansion. K33 further deepened its strategic relationship with Sixty Six Capital, including a call option entered into by Sixty Six for up to 200 BTC, corresponding to up to approximately 92 BTC of additional effective look-through exposure for K33. Cboe Europe also announced its intention to admit K33 shares to trading from 2 September 2026. K33 Quarterly Report Q2 2026 January - June 01
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Spotlight Trading Volume in K33 Markets* K33 Markets Volume 12m rolling (SEK) 3,000,000,000 2,500,000,000 2,000,000,000 1,500,000,000 1,000,000,000 500,000,000 0 Jul-24 Jul 25 Jul 26 *Including trading volume from related parties and group companies *Data until July 2026 **Including trading volume from related parties and group companies Effective Bitcoin Exposure K33’ s total effective Bitcoin exposure remained approximately 167 .5 BTC at the end of Q2 2026. The exposure consists of K33’ s direct Bitcoin holdings and indirect economic exposure through its 46% ownership stake in Sixty Six Capital. The indirect exposure represents economic exposure and does not increase direct BTC holdings on K33’ s balance sheet. After quarter-end, Sixty Six Capital entered into a 12-month call option for up to 200 BTC. Based on K33’ s approximately 46% ownership, the option provides up to approximately 92 BTC of additional effective look-through exposure for K33. K33 Quarterly Report Q2 2026 January - June 02
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Commentary Torbjørn Bull Jenssen CEO, K33 AB (publ) CEO Letter Q2 2026 Licensed. Ready to expand. Dear investors, Q2 marked an important strategic milestone for K33. On June 16, K33 Markets received its MiCA authorization from the Norwegian Financial Supervisory Authority. We have spent considerable time and resources preparing for this moment, strengthening our compliance framework, infrastructure, banking setup and operational processes. With the authorization now in place, K33 has the regulatory foundation required to take the business into a broader European market. At the same time, Q2 was a softer quarter commercially. Trading activity moderated following a strong start to the year, and Group revenue decreased to 192.9 MSEK compared with 399.2 MSEK in Q2 last year. Looking at the first half as a whole, revenue increased by approximately 10% to 932.8 MSEK. This reflects the strength of Q1, but also illustrates the quarter-to-quarter volatility inherent in a transaction-driven business. Market conditions were challenging throughout Q2, with trading activity and investor interest across crypto markets declining materially during the quarter. Global Bitcoin spot volumes fell 28% from Q1, and market activity has remained subdued into Q3. This environment has naturally affected activity on our platform as well. We cannot control market activity, but we can control how we position K33 for when activity returns. Our ambition is to make the revenue base broader and more durable over time. The work we have done over the past two years has been about building the infrastructure needed to serve larger private clients, corporates and institutional counterparties. MiCA is an important part of that infrastructure. So are our banking relationships, execution capabilities, custody setup, compliance workflows, research and the platform upgrade completed earlier this year. The foundation is increasingly in place. The focus now is commercialization. Shortly after quarter-end, we passported our MiCA authorization into Sweden, Denmark, Finland and Germany. This is the first step in our active European expansion. We are not trying to build another mass-market retail exchange. Our focus remains on clients and partners that value access to professional execution, dedicated service, strong fiat rails, custody, lending and research within a regulated environment. Expanding geographically does not change that focus. It increases the market in which we can execute on it. Crypto-backed lending is another important part of the model we are building. Lending allows clients to get more utility from assets held with K33 and gives us an additional way to deploy the infrastructure and balance sheet we already have. We continue to develop the offering selectively, with risk management at the centre of the product. K33 Quarterly Report Q2 2026 January - June 03
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Our strategic relationship with Sixty Six Capital also developed further during the quarter. From April, K33 began providing executive management and related corporate services to Sixty Six under a management services agreement. After quarter-end, we formalized and communicated this deeper strategic collaboration. This collaboration has continued after quarter-end. In August, Sixty Six entered into a call option for up to 200 BTC, providing K33 with up to approximately 92 BTC of additional effective look-through exposure through our ownership stake. The rationale remains the same as when we entered the investment. K33 and Sixty Six combine operating infrastructure and Bitcoin exposure in a way that can create value for both companies. Our approximately 46% ownership also gives K33 meaningful indirect Bitcoin exposure alongside the Bitcoin held directly on our own balance sheet. Bitcoin volatility continues to have a significant effect on our reported earnings. Approximately 14 MSEK of the Q2 net loss of 19.6 MSEK relates to unrealized Bitcoin valuation effects, consisting of approximately 8.7 MSEK related to K33’s direct holdings and approximately 5.5 MSEK through our share of the result in Sixty Six Capital. These accounting effects matter, but they should be understood separately from the operating development of the business. We continue to view Bitcoin as a strategic balance sheet asset. At the same time, K33 is not being built as a passive Bitcoin vehicle. We are building an operating digital asset platform where balance sheet strength, trading, lending, custody, research and client relationships reinforce each other. After quarter-end, we also announced that Cboe Europe intends to admit K33 shares to trading from September 2. The admission is supplementary to our Nasdaq First North listing and requires no action from existing shareholders. We see broader availability of the share as positive as K33 develops into a more European business. Q2 therefore represents an important transition for K33. Market conditions and trading activity were challenging, while the regulatory and strategic foundation of the business became materially stronger. We now have the authorization, platform and product base needed to operate across a significantly larger market. The task ahead is straightforward: turn that foundation into commercial traction. Onwards and upwards, Torbjørn Bull Jenssen CEO, K33 AB (publ) K33 Quarterly Report Q2 2026 January - June 04
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Sector Development Q2 2026 Bitcoin closed Q2 at $58,524, down 14.2% QoQ after its third consecutive quarterly decline. BTC ended the quarter at its lowest daily close since September 16, 2024, trading below its 200-week moving average for the first time since October 8, 2023. Prices reached lower lows in Q2 than in Q1, but the quarterly bottoms were only 3.5% apart, with several indications of considerable demand from buyers stepping in to absorb supply in the lower $60,000s and upper $50,000s, an area associated with the range highs of the 2021 bull market. Global BTC spot volumes decreased to lows not seen since Q4 2024, reaching $278bn in Q2 2026. This marks a 28% decline from Q1 2026 and the second consecutive quarterly decline in BTC trading volumes. Activity has since continued to soften amid low volatility and typical seasonal idleness associated with crypto markets. The drying activity is visible across all BTC-related markets, with both perps and calendar futures seeing quarterly volumes decline by more than 20% compared to previous quarters. Global BTC Spot Volumes, Quarter over Quarter 40% 30% 31.63% 20% 10% 0% -10% -7.66% -20% -15.24% -30% -27.87% Q3 2025 Q4 2025 Q1 2026 Q2 2026 The quarter started constructively, with BTC gaining 12% in April. The early Q2 strength originated primarily from considerable supply absorption from ETPs and Strategy. BTC ETPs added 39,385 BTC in April, while Morgan Stanley launched its BTC ETF . Strategy’s BTC absorption escalated considerably as demand for its preferred stock STRC surged, with Strategy seeing its largest weekly BTC purchases since November 2024. These accommodative factors quickly unraveled, turning into heavy selling momentum by late May and early June. As BTC recovered toward the BTC ETF cost basis (the average price of all BTC held by ETFs), holders began to sell, triggering massive ETF outflows. Between May 6 and June 30, 133,868 BTC were sold through ETFs. June alone saw record monthly outflows of 73,832 BTC, 40% above the previous peak of 52,600 BTC in February 2025. Overall, Q2 2026 saw net ETF outflows of 81,552 BTC. While this points toward considerably dampened BTC demand, Q2 2026 13F reporting indicates that retail traders were the primary sellers, with institutions representing only 1.5% of quarterly outflows. This marks a considerable shift from Q1, when institutions accounted for the entire quarterly ETF outflow, suggesting institutional selling pressure may already have passed. In an otherwise passive market, ETF outflows had a considerable negative impact on price, potentially motivating traders to reduce BTC portfolio weights and further escalating selling pressure. Meanwhile, other risk assets proliferated, with Nasdaq seeing one of its strongest two-month gains of the 21st century. The SpaceX IPO, AI optimism, and strong equity momentum made the opportunity cost of holding BTC considerably higher, likely incentivizing further rotation from crypto into tech. Amid these structurally negative flows, fears also arose around Strategy’s financial structure. STRC’s popularity, which allowed Strategy to absorb considerable amounts of BTC, sharply increased its dividend obligations. By the end of June, annual obligations approached $1.7bn, while cash reserves covered only the next ten months of payments. This fueled fears that Strategy could be forced to sell BTC to meet its obligations. STRC's share price collapsed, while Strategy communicated that it would do what was necessary, including selling BTC, to protect STRC. The situation has since improved, with Strategy holding $4.8bn in USD reserves, sufficient to cover dividend costs for the next 2.8 years. The quarter concluded with BTC trading at modest volumes, slightly below its 200-week moving average, with more than half of circulating supply trading below its purchase price, low derivatives yields, heavy ETF outflows, and low social traction. These observations mirror classical late-stage bear market behavior seen during the 2014, 2018, and 2022 BTC bear markets. K33 Quarterly Report Q2 2026 January - June 05
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Financials Second quarter of 2026 Compared to the second quarter of 2025 → Group revenue decreased to 192,935 kSEK (399,226) → EBITDA amounted to -6,441 kSEK (-1,412) → Adjusted EBITDA amounted to -4,582 kSEK (165) → EBIT amounted to -14,096 kSEK (-3,271) → The result for the period amounted to -19,637 kSEK (-3,486) → Earnings per share before dilution amounted to SEK -0.0013 (-0.0003) → Earnings per share after dilution amounted to SEK -0.0013 (-0.0003) Fi rst half of 2026 Compared to first half of 2025 → Group revenue increased to 932,757 kSEK (849,391) → EBITDA amounted to -12,544 kSEK (-4, 104) → Adjusted EBITDA amounted to -8,256 kSEK (-1,679) → EBIT amounted to -29,564 kSEK (-7,857) → The result for the period amounted to -55,452 kSEK (-7,519) → Earnings per share before dilution amounted to SEK -0.0038 (-0.0010) → Earnings per share after dilution amounted to SEK -0.0036 (-0.0010) Fi nanc i al Ov er vi e w (k S EK) Q 2 2026 Q 2 2025 Q1 2026 J an - J un 2026 J an - J un 2025 F ull Y ear 2025 R evenu e O perating e x pense s EBITD A Adjusted EBITDA * Total asset s Total liabilitie s E q uit y 192,935 -199,376 -6,441 -4,582 100,847 16,750 84,097 399,226 -400,637 -1,412 165 79, 176 45,799 33,377 739,822 -745,925 -6, 103 -3,674 114,087 11,376 102,711 932,757 -945,301 -12,544 -8,256 100,847 16,750 84,097 849,391 -853,494 -4, 104 -1,679 79, 176 45,799 33,377 2,211,330 -2,217,433 -6, 10 3 -3, 108 143,455 10,754 132,701 * Adjusted EBITDA e x cludes non-cash items, primaril y valuation e ff ects related to Bitcoin holdings and costs related to the emplo y ee option program. K33 Q uarterl y R eport Q 2 2026 J anuar y - J une 06
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Financial Comments The financial statements have been prepared in accordance with the company accounting policies, aligned with BFNAR Annual Reports and Consolidated Financial Statements (K3) and the Annual Accounts Act (Sw. årsredovisningslagen). In K33 Markets AS (Norway), revenue from customer transactions in cryptocurrencies is recognized net as brokerage income in accordance with Norwegian GAAP (NRS), reflecting the company’s role as an agent in the transactions. However, in the Group’s consolidated financial statements, customer transactions in cryptocurrencies are presented gross, which means that the full sales value of the cryptocurrency is recognized as revenue and the corresponding acquisition cost is recognized as cost of goods sold. This reflects differences in local statutory accounting requirements and market practice between Norway and Sweden. Comments January - June 2026 Income statement Revenue decreased during the quarter, but increased for the first half of 2026, primarily driven by higher trading volumes in K33 Markets. The cost related to employee options amounted to 989 kSEK for the quarter. This expense is non-cash in nature and has been recognized against equity and liabilities. The result for the quarter was significantly impacted by unrealized valuation effects related to Bitcoin. Approximately 8.7 MSEK relates to the Group’s direct Bitcoin holdings, while approximately 5.5 MSEK reflects K33’s share of the result in Sixty Six Capital, which was also primarily impacted by unrealized valuation changes in its Bitcoin holdings. In total, approximately 14 MSEK of the Group’s net loss for the quarter was related to unrealized Bitcoin valuation effects. K33 Markets revenue for the quarter includes 428 kSEK of trades with related parties (not eliminated in Group accounts) and 10 kSEK of trades with group companies (eliminated in Group accounts). Balance Sheet The decrease in fixed assets during the first half of 2026 mainly reflects a lower carrying value of the Group’s Bitcoin holdings, driven by partial sales and the decline in the Bitcoin price during the period. Direct BTC holdings were reduced during the period as part of the financing of the acquisition of shares in Sixty Six Capital. The increase in financial assets primarily reflects K33’s acquisition of a 46% ownership stake in Sixty Six Capital during the period. The investment is accounted for using the equity method and classified as a financial asset in the Group accounts. During the preparation of the Q1 2026 interim report, the Group identified a prior period consolidation error related to the impairment of intangible assets in Norlend. The error resulted in an overstatement of consolidated intangible assets and equity in the 2025 Annual Report by approximately 7 MSEK. The correction has been recognized against opening equity as of January 1, 2026. Operational cryptocurrency holdings consist of cryptocurrencies held for operational and liquidity purposes within K33 Markets and are classified as current assets. Cash flow Adjustments for non-cash items primarily relate to depreciation, amortization and valuation-related effects. K33 Q uarter l y R e p ort Q 2 2 0 26 January - June 07
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The Share and Shareholders As of June 30, 2026, there were 26,971 shareholders holding 14,920,691,747 shares in K33 available for trade. During the quarter 4,955,893,624 shares were traded at an average price of 0.0233 SEK per share, a total traded value of 137 MSEK. Share price and volume July 2025 - June 2026 Total Volume Average price T op 10 shareholders, 30 June 2026 Number of shares Aurora3 AS Middelborg Invest As Tigerstaden AS Avarius AS Modiola AS Avanza Pension Muunilinst As Rosenholm Gård Holding AS Nordnet Livsforsikring AS Johny Kjartan Berg 2 123 161 581 2 018 476 833 1 000 000 000 487 669 218 405 015 062 398 133 599 301 343 553 200 000 000 149 845 740 149 000 000 Total 10 Others 7 232 645 586 7 688 046 161 Total number of shares 14 920 691 747 K 33 Q uarterly R eport Q 2 2026 January - June % of shares 14,23 % 13,53 % 6,70 % 3,27 % 2,71 % 2,67 % 2,02 % 1,34 % 1,00 % 1,00 % 48,47 % 51,53 % 100% 08
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Additional Comments Organization and Employees As of the end of Q2, the Group had a total of 8 full-time employees across the various business units and subsidiaries. Significant Risks and Uncertainty K33 operates in the cryptocurrency industry, subject to continual and rapid technological and regulatory changes. There are uncertainties related to the development of the cryptocurrency market, including its future size, and the future success of K33’s business is, therefore, difficult to predict. The legal status of cryptocurrencies varies between different countries and is very much in transition. Future regulatory or political developments could adversely affect markets for cryptocurrencies, their adoption, and ultimately, their prices. Please see our last annual report for further description of the business of the company and associated risk factors. Acc o u nting P rin c iples The financial statements have been prepared in accordance with BFNAR Annual Reports and Consolidated Financial Statements (K3) and the Annual Accounts Act (Sw. Å rsredovisningslagen), which are the accounting principles that are the basis for the annual reports. Contact Torbjørn Bull Jenssen, CEO, K33 AB (publ) e-mail: ir@k33.com web: k33.com/ir This Report has not been subject to review by the company’s auditor. The information disclosed in this Interim Report is mandatory for K33 AB (publ) to publish pursuant to the EU’s Market Abuse Regulation (MAR). This information was submitted for publication at 07:00 a.m. (CEST) on 27 Aug 2026, through the agency of the CEO. The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser. 25 Feb 2027 26 Nov 2026 Financial Calendar T ransa c tions w it h R elated P artie s D uring the reporting period, K33 AB incurred consultancy fees of 100 kNOK to Kryptogram AS, a company controlled by Chairman Y ngve Aslaksen Gram, for transaction support related to the investment in Sixty Six Capital. D uring Q2, K33 Operations AS incurred consultancy fees of 50 kNOK to Klein Consulting AS for commercial advisory services. From April 1, 2026, K33 AB provides executive management and related corporate services to Sixty Six Capital under a management services agreement. The agreement provides for an annual management fee of CA D 200,000, payable in quarterly instalments of CA D 50,000. Revenue recognized by K33 AB under the agreement amounted to 336 kSEK in Q2 2026 . Date Event Interim Report Q3 2026 Interim Report Q4 and Year-End 2026 Certified Ad v ise r Mangold Fondkommission A B Tel: +4 6 8 - 503 015 5 0 E-mail: ca@mangold.se Company Address Sweden K33 AB (publ) Box 12172 102 25 Stockholm Sweden K33 Qu ar t erl y R e po r t Q2 2026 January - June 09
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Organization as of June 30, 2026 K33 owns 46% of Sixty Six Capital. All other legal entities are wholly owned. As of June 30, 2026, K33 Assets AS was in the process of being merged into K33 Markets AS. The merger was completed on August 17, 2026. K33 AB (publ) K33 Operations AS Norlend AS Sixty Six Capital Inc* K33 Markets AS K33 Assets AS K33 Holding AS K33 Quarterly Report Q2 2026 January - June 10
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Consolidated income statement kSEK Q2 2026 Q2 2025 Q1 2026 Jan-Jun 2026 Jan - Jun 2025 Full Year 2025 Net sales 192,757 399,218 739,699 932,456 849, 146 2,210,872 Other operating income 178 7 123 302 244 458 Total revenue 192,935 399,225 739,822 932,757 849,391 2,211,330 Cost of goods sold -191,792 -393,453 -738,038 -929,831 -837,000 -2, 186,352 Other external expenses -4,435 -3, 164 -3,307 -7,742 -8, 136 -15,083 Personnel costs -3, 145 -3,863 -4,580 -7,725 -8, 117 -15,612 Other operating expenses -4 -157 - 4 -214 -386 EBITDA -6,441 -1,412 -6, 103 -12,544 -4, 104 -6, 103 Depreciation and amortization -7,655 -1,860 -9,365 -17,020 -3,753 -62,070 Operating profit -14,096 -3,271 -15,468 -29,564 -7,857 -68, 173 Profit from participation in associated companies -5,559 - -565 -6, 123 - - R ealized gain on sale of financial assets - -16 - - 734 - I nterest income and other financial income 858 296 503 1362 432 873 I nterest expenses and other financial costs -840 -496 -20,286 -21, 126 -829 -421 Total fi nancial items -5,541 -215 -20,347 -25,888 338 452 P ro fi t a f ter fi nancial items -19,637 -3,486 -35,815 -55,452 -7,519 -67,721 P ro fi t b e f ore ta x -19,637 -3,486 -35,815 -55,452 -7,519 -67,721 T ax on profit for the period - - - - - - T h e result f or t h e p eriod -19,637 -3,486 -35,815 -55,452 -7,519 -67,721 K33 Quarterly Report Q2 2026 January - June 11
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Net earnings per share kSEK Q2 2026 Q2 2025 Before dilution Number of shares 14,920,691,747 12,356,639,239 Weighted average 14,920,691,747 12,261,034,843 Net earning kSEK -19,637 -3,486 Net earnings per share before dilution, SEK -0.0013 -0.0003 After dilution Weighted average number of shares 14,920,691,747 12,261,034,843 Issued shares not yet registered - - Issue warrants not yet converted to shares 600,000,000 600,000,000 Total number of shares after dilution 15,520,691,747 12,861,034,843 Net earning, kSEK -19,637 -3.486 Net earnings per share after dilution, SEK -0.0013 -0.0003 Jan - Jun 2026 14,920,691,747 14,758,990,652 -55,452 -0.0038 14,758,990,652 - 600,000,000 15,358,990,652 -55,452 -0.0036 Jan - Jun 2025 12,356,639,239 12,234, 139,239 -7,519 -0.001 12,234, 139,239 - 600,000,000 12,834, 139,239 -7,519 -0.001 Full Year 2025 14,542,689, 187 13, 177,279,949 -67,721 -0.0051 13, 177,279,949 - 600,000,000 13,777,279,949 -67,721 -0.0049 K33 Quarterly Report Q2 2026 January - June 12
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Consolidated Balance Sheet kSEK ASSETS Fixed assets Intangible assets Investment in cryptocurrency Tangible assets Financial assets Total fixed assets Current assets Receivables Operational cryptocurrency holdings Short-term investments Cash and bank balances Total current assets TOTAL ASSETS Equity Share capital Other contributed capital Other equity including profit for the year Total equity Lia b ilities L ong-term liabilities Current liabilities Total lia b ilities TOTAL E QUI T Y A ND L I AB I L I T I ES 7,405 52, 169 0 29, 178 88,752 2,551 6,252 0 3,292 12,095 100,847 54,441 518,094 -488,439 84,097 0 16,750 1 6 ,750 100,847 6/30/26 12/31/25 12,704 105,286 0 12 118,002 11,042 8, 159 0 6,251 25,452 143,455 53,062 511,402 -431,764 132,701 0 10,754 10,754 143,455 K 33 Quarterly Report Q 2 2026 J anuary - J une 13
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Consolidated Cash Flow kSEK Q2 2026 Q2 2025 Q1 2026 Jan - Jun 2026 Jan - Jun 2025 Full Year 2025 Operating profit -14,096 -3,271 -15,468 -29,564 -7,857 -68, 173 Adjustment for items that are not included in the cash flow 7,644 6,764 -5,967 1,677 7,840 56,703 Cash flow from operating activities before changes in working capital -6,452 3,493 -21,435 -27,887 -17 -11,470 Increase / decrease in short term cryptocurrencies 684 - 1,222 1,907 - -8, 159 Increase / decrease in operating receivables -622 -5,675 9, 113 8,491 -13,377 -6,404 Increase / decrease in operating liabilities 5,374 29,442 622 5,996 38,668 6,084 Change in working capital 5,437 23,767 10,957 16,395 25,291 -8,479 Cash flow from operating activities -1,015 27,260 -10,477 -11,492 25,274 -19,949 Investment activities Acquisition of financial assets - - -60,890 -60,890 - - Acquisition of fi x ed assets - 1 ,33 4 -30, 4 27 -628 - 1 ,962 -30, 4 27 - 1 53,27 4 S ale of financial assets 436 -387 62,879 63,315 1,223 - S ale of fi x ed assets - - - - - - Cash flow from investment activities - 8 97 - 3 0, 8 14 1, 3 60 46 3 -29,204 -15 3 ,274 Financing activities S hare issue -1 7,500 8,071 8,071 7,500 177,917 Issue cost - - - - - - B orrowings - - - - - - L oan repayments - -1,846 - - - -6,769 Cash flow from fi nancing activities -1 5,654 8 ,071 8 ,071 7,500 171, 14 8 Increase / decrease in cash and cash equivalents -1,913 2, 100 -1,046 -2,958 -737 -2,076 Cash and cash equivalents at the beginning of the period 5,205 5,489 6,251 6,251 8,326 8,326 Cash and cash equivalents at the end of the period 3,292 7,589 5,205 3,292 7,589 6,251 K 33 Qua rt e r l y R e port Q2 2026 J anuary - J une 14
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Change in Consolidated Equity kSEK Share capital Other contributed equity Other equity incl. Profit for the year Total Equity Equity 2025-12-31 53,063 511,402 -431,764 132,701 Prior year adjustment -7,261 -7,261 Employee options 1,372 1,372 Share issue 8,071 Share issue cost -1,099 -1,099 Exchange rate difference 5,766 5,766 Result for the period -55,452 -55,452 Equity 2026-06-30 54,441 518,094 -488,439 84,097 kSEK Share capital Other contributed equity Other equity incl. Profit for the year Total Equity Equity 2024-12-31 44,539 342,009 -356,901 29,647 Prior year adjustment - Employee options 1,372 1,372 Share issue 7,500 Unregistered capital increase Share issue cost Exchange rate difference Result for the period Equity 2025-06-30 45,086 1,379 547 348,962 6,953 6,692 2,377 -7,519 -360,671 2,377 -7,519 33,377 K33 Q uarterly R eport Q2 2026 J anuary - J une 15
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Parent Company The Parent Company carries out supporting functions for the Group, including capital management, administration related to the Company’s listing and strategic corporate services. During Q2 2026, the Parent Company recognized 336 kSEK in revenue from management services provided to Sixty Six Capital. Financial income primarily consists of interest income from Group companies. Parent Company Income Statement kSEK Q2 2026 Q2 2025 Q1 2026 Jan - Jun 2026 Jan - Jun 2025 Full Year 2025 Net sales 336 - - 336 - - Other operating income - -81 - - - - Total revenue 336 -81 - 336 - - Other external expenses -1,223 -826 -548 -1,771 -1,517 -2,681 Personnel costs -1, 189 -1,768 -792 -1,982 -2,871 -3,935 Non-recurring amortization of current assets - - - - - - Other operating expenses - 26 - - - 550 EBITDA -2,076 -2,649 -1,340 -3,416 -4,388 -6,066 Depreciation and amortization - - - - - - Op e r a ti n g profit -2,076 -2,649 -1,340 -3,416 -4,388 -6,066 I mpairment of shares in group companies - - - - - -22,736 I nterest income and other fi nancial income 1,994 109 913 2,908 859 5,525 I nterest expenses and other fi nancial costs - -143 - - -381 -416 Total fi nanc i al i tems 1,994 -34 913 2,908 478 -17,627 Pro fi t a f ter fi nanc i al i tems -82 -2,683 -427 -508 -3,910 -23,693 Pro fi t b e f ore ta x -82 -2,683 -427 -508 -3,910 -23,693 T ax on pro fi t for the period - - - - - - T h e result f or t h e per i o d -82 -2,683 -427 -508 -3,910 -23,693 K 33 Qua rt e r l y R e port Q2 202 6 J anuar y - J une 16
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Parent Company Balance Sheet kSEK ASSETS Fixed assets Intangible assets Investment in cryptocurrency Tangible assets Financial assets Total fixed assets Current assets Receivables Short-term investments Cash and bank balances Total current assets TOTAL ASSETS Equity Share capital Other contributed capital Other equity including profit for the year Total equity Lia b ilities L ong-term liabilities Current liabilities Total lia b ilities TOTAL E QUI T Y A ND L I A BI L I T I ES - - - 297,214 297,214 192,373 - 1,066 193,440 490,654 54,441 1,009,315 -59 8 ,662 465,094 - 25,559 25,559 490,654 6/30/26 12/31/25 - - - 267,201 267,201 213,740 - 173 213,913 481, 114 53,062 1,002,623 -597,630 458,056 - 23,05 8 23,058 481, 114 K 33 Q uarterly R e p ort Q 2 2026 J anuary - J une 17
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Quarterly Report Q2