FINANCIAL OVERVIEW

2Q 2025/2026 financial overview

1 July - 30 September 2025, year-on-year comparison. 

Revenue:

 4 574 (5 748) TSEK. 

Operating profit:

-795 (-132) TSEK.

Net profit/loss:

-716 (-134) TSEK.

Net profit/loss per share:

-0,11 (-0,02) SEK.

1H 2025/2026 financial overview⁽¹⁾

1 April - 30 September 2025, year-on-year comparison. 

Revenue:

 11 034 (13 370) TSEK. 

Operating profit:

-1 911 (-355) TSEK.

Net profit/loss:

-1 606 (-315) TSEK.

Net profit/loss per share:

-0,24 (-0,05) SEK.

 (1) The financial result for this half year includes one-time costs of 335 thousand SEK related to the change of CEO.

ABOUT PROVIDE IT

Provide IT Sweden operates in the IT sector. The company provides expertise in web and system development. The business consists of two business areas with two separate brands.

Consulting

Consulting is the company's largest business area and involves hiring primarily senior system developers as consultants. The business area's concept is innovative and gives consultants more freedom in terms of training, assignments, salary conditions, etc. than traditional consulting businesses.

The company believes that this simplifies the recruitment of senior system developers, which is usually the bottleneck in a consulting business's growth.

www.provideitconsulting.se

Digital agency

The digital agency provides strategy, design, development and management of websites, portals, e-commerce and other web-based solutions.

Unlike the consulting business area, the assignments are usually sold at a fixed price and carried out by staff in the company's offices.

www.provideit.se

EVENTS DURING THE QUARTER

6th November 2025

Provide IT terminates agreement with liquidity provider
Read more here: Link

30th September 2025

Resolutions from the Annual General Meeting September 30th 2025
Read more here: Link

9th September 2025

Annual report 2024.04.01-2025.03.31
Read more here: Link

2nd September 2025

Notice of Annual General Meeting 2025 for Provide IT Sweden AB
Read more here: Link

28th August 2025

Quarterly report - Q1 2025/2026
Read more here: Link

CEO's letter

The second quarter of the 2025/2026 financial year, July-September 2025, was similarly difficult to the first one in terms of financial performance. The company reported revenues of 4,574 thousand SEK and operating loss of 795 thousand SEK.

Revenues decreased by 20% year-on-year to 4,574 thousand SEK. The key driver for the decrease were projects of own consultants. Agency revenues were also lower y-o-y, but they had a smaller impact on the overall decrease in revenues. As previously communicated, this year we have a lower number of own consultants on projects as a combination of team restructuring and difficult market conditions. Additionally, during summer the company experienced historically large holiday debt, which was successfully decreased. It unfortunately means that the number of billed hours were lower.

Operating loss increased significantly year-on-year to 795 thousand SEK. The loss is predominantly a result of lower revenues coming from own consultants’ business line. The operating loss would have been higher, but the impact was netted with the decrease in holiday debt.

We continue to put a significant effort on sales activities. This year we put much higher emphasis on in person meetings and participation in various technological conferences. We are content with new relationships that we have managed to build and see new customers returning with additional projects. However, we currently need greater volumes of new sales. This is our core focus now.

Philip Kornmann

CEO, Provide IT Sweden AB

NUMBER OF SHARES

The company had 6 668 571 shares as of 2025-09-30.

UPCOMING REPORTS

3Q 2025/2026 quarterly report:         2026-02-26

2025/2026 annual report:                  2026-05-28

COLLATERAL PLEDGED

The company has a loan of 2,500 thousand SEK from DBT Capital (1,905 thousand SEK as of 2025-09-30). As security for the loan, the company has provided corporate mortgages of 2,500 thousand SEK to DBT Capital.

RECOGNITION AND MEASUREMENT PRINCIPLES

REVENUE RECOGNITION

Revenue has been recognized at the fair value of what has been received or will be received and is reported to the extent that it is probable that the economic benefits will flow to the company, and the revenue can be calculated reliably.

WORK IN PROGRESS

Revenue from ongoing proejcts is recognized as revenue as the work is performed and materials are delivered or consumed, known as percentage of completion.

FIXED ASSETS

Intangible and tangible fixed assets are reported at cost less accumulated depreciation according to plan and any impairment losses. Depreciation is carried out on a straight-line basis over the expected useful life, considering any significant residual value.

THIS REPORT HAS NOT BEEN REVIEWED BY THE COMPANY'S AUDITORS.

This information is information that Provide IT Sweden AB (publ) is required to disclose under the EU Market Abuse Regulation. The information was provided, through the above contact person, for publication on 29th August 2025.

Philip Kornmann

CEO, Provide IT Sweden AB (publ)

Phone: 076 246 71 13

Email: philip.kornmann@provideitconsulting.se