Interim report January - March 2026

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

Adam Philpott, CEO


Highlights

  • Q1 2026 revenue increased by 4% (21% in constant currency) with strong gross margin performance.
  • On April 30, 2026, FPC's and Precise Biometrics' shareholders approved the merger plan to create a combined business with a stronger offering and broader commercial reach.
  • Q1 2026 operating profit was impacted by one-time costs of approximately SEK 3.0 M, primarily related to the planned merger with Precise Biometrics.
  • The Q1 2026 net result was affected by a SEK 55 M non-cash tax item (see page 4)

First quarter of 2026

  • Revenues amounted to SEK 18.9 M (18.2)
  • The gross margin was 62.3 percent (56.6)
  • EBITDA amounted to a negative SEK 14.1 M (pos: 10.7)
  • The operating result was negative SEK 22.9 M (neg: 0.3)
  • Earnings per share before and after dilution amounted to negative SEK 10.31 (neg: 4.61) **
  • Cash flow from operating activities was negative SEK 12.7 M* (neg: 36.4)
SEK M Jan-mar 2026 Jan-mar 2025 Change, % Jan-dec 2025
Revenue 18.9 18.2 4 78.2
Gross profit 11.8 10.3 15 47.5
Gross margin, % 62.3 56.6 10 60.7
Operating profit/loss -22.9 -0.3   -59.2
Operating margin, % -121.2 -1.6   -75.7
EBITDA -14.1 10.7   -19.1
Profit/loss remaining operations -78.2 -5.7   -66.4
Profit/loss for discontinued operations 0.0 -11.1   7.8
Earnings per share before and after dilution, SEK * ** -10.31 -4.61   -8.31
Cash and cash equivalents* 18.2 52.6 -65 27.1
Cash flow from operating activities* -12.7 -36.4   -55.9
Equity/assets ratio, %* 84.3 85.8   90.6
Average number of employees* 36 43 -15 38

* Including discontinued operations.  ** Adjusted to reflect the reverse share split in September 2025.

Latest updated: 5/12/2026 3:20:59 PM by Stefan Pettersson
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