YOU ARE THE KEY TO EVERYTHING

Interim Report
January - March 2026
18.9

REVENUE, SEKm (18.2 in Q1 2025)

62.3
%

GROSS MARGIN (56.6% in Q4 2024)

-14.1

EBITDA, SEKm (10.7 in Q1 2025)

36

AVERAGE NUMBER OF EMPLOYEES (43 in Q1 2025)

CEO's comments

Operationally, we continued to build AllKey momentum with new pipeline, new products and new revenue from the platform.

Developments during the period

Group revenues for the first quarter of 2026 amounted to SEK 18.9 M (18.2), corresponding to an increase of 4 percent compared with the first quarter of 2025 (increase of 21 percent in constant currency terms). Revenue was supported by healthy customer demand for our biometric authentication solutions and ongoing commercial activity across our prioritized offerings. Gross profit for the first quarter was SEK 11.8 M (10.3) and the gross margin was 62.3 percent (56.6).

Financial statements and key figures

As part of our strategic exit from Mobile and PC, the associated results are classified as discontinued operations in our financial statements, also for comparative periods last year. The reason we made this change from Q1 2025 is to provide a more accurate and transparent view of our ongoing business performance by isolating the operations we are exiting. So, when you look at the income statement in this report, it reflects our core business performance.