Correction: Goobit Group AB publishes Year-end Report, 1 May 2023 - 30 April 2024

Overview Financial Results for Goobit Group AB (publ) (“the Company” or “Goobit”)

Q4, 1 FEBRUARY 2024–30 APRIL 2024

– COMPARED WITH THE CORRESPONDING PERIOD OF THE PREVIOUS YEAR –

• Net sales amounted to 39.0 MSEK (20.9).
• Operating profit amounted to 0.5 MSEK (-3.9). The increase is primarily due to higher transaction revenues with higher gross margin and thereby increased gross profit.
• Income after financial items amounted to 6.4 MSEK (-9.7). This includes a net sale profit of 6.0 MSEK for a digital platform.
• Earnings per share before and after dilution amounted to 0.03 SEK (-0.03).

FULL YEAR MAY 1, 2023 – APRIL 30, 2024

• Net sales amounted to 115.1 MSEK (99.1).
• Operating profit amounted to -7.5 MSEK (-15.7). The increased operating profit is mainly due to reduced operating expenses and personnel costs in accordance with a cost reduction programme.
• Income after financial items amounted to -1.8 MSEK (-21.7). This includes a net sale profit of 6.0 MSEK for a digital platform.
• Earnings per share before and after dilution amounted to -0.005 SEK (-0.08).

Important Event During the Period

• Goobit has partnered with a global leader in online payment processing to integrate Swish and other payment methods into its platform. This strategic collaboration signifies a leap forward in Goobit's mission to enhance user experience and broaden its service capabilities by providing a seamless, fast, and secure payment solution. Implemented at the end of April, this integration makes it easier for users to engage with Goobit's platform and services, and is expected to reduce COGS and increase gross margin going forward.

Important Event After the Period

• Goobit has implemented a strategic expansion of its Over-The-Counter (OTC) trading services under the BTCX brand, operated by its subsidiary, Goobit AB. The new OTC department is specifically designed to meet the needs of individuals and businesses, facilitating transactions exceeding 150,000 SEK. This initiative is expected to further increase revenue and profitability.

Shareholder letter

Dear Shareholders,

As we close the fourth quarter, I am pleased to present a summary of our strategic initiatives, financial achievements, and forward-looking opportunities. Goobit Group AB (“Goobit” or “the Company”) has made substantial progress in expanding our services and enhancing our market presence. Our commitment to innovation, security, and customer satisfaction remains at the forefront of our operations.

Strategic Expansion and Enhanced Services
We are proud to announce the strategic expansion of our Over-The-Counter (OTC) trading services under the BTCX brand, operated by our subsidiary, Goobit AB. The newly developed OTC department is designed to cater to individuals and businesses facilitating transactions exceeding 150,000 SEK. This service expansion focuses on providing enhanced security and customized solutions tailored to meet the specific needs of our clients. For institutional clients, we have designed services that not only reduce exchange fees but also align with their strategic goals to optimize transaction flows and manage crypto-assets more efficiently. This initiative underscores our commitment to maintaining a leadership position in the crypto-asset market.

Financial Milestones
March marked a significant milestone for Goobit Group AB as we achieved a preliminary positive EBIT of 431,000 SEK, our first positive EBIT in 27 months. This compares to a loss of 1.1 million SEK in March 2023. Our net sales increased by 103% compared to the same period last year. The surge in sales and positive EBIT is attributed to one-time revenues linked to the robust price development of Bitcoin and other crypto-assets. These results highlight the effectiveness of our strategic initiatives and the hard work of our team. Finally, we are seeing the results from a period of hard and diligent work during harsh market conditions!

Strategic Partnerships and Technological Advancements
In a move to enhance user experience and broaden our service capabilities, Goobit AB has partnered with a global leader in online payment processing to integrate Swish and other payment methods into our platform. Swish, Sweden’s most popular mobile payment system, is now available on the BTCX platform, providing a seamless, fast, and secure payment solution. This integration, along with reduced payment processing fees enabled, will significantly improve our operational efficiency and customer experience. We expect this partnership to increase transaction volumes and improve margins, aligning with our European expansion strategy.

Promoting Financial Freedom and Inclusion
In line with our mission to promote financial freedom, BTCX is launching a partnership with the Human Rights Foundation (HRF) to support their Financial Freedom Program. This initiative aims to leverage Bitcoin as a strategic tool to uphold and protect human rights. Our collaboration with HRF allows BTCX users to donate to HRF’s work with every Bitcoin purchase, directly contributing to financial inclusion and human rights efforts worldwide.

Engaging the Community and Industry Leadership
BTCX is proud to be a silver sponsor at the BTC Prague conference, one of Europe’s premier events in the Bitcoin and blockchain sector. Our participation underscores our commitment to industry leadership and provides a vital platform to share insights and innovations. Additionally, we hosted a successful “Bitcoin & Women” event to encourage and empower women in the Bitcoin world, reflecting our dedication to diversity and inclusion in the financial space.

Regulatory Advancements
The introduction of the Markets in Crypto-Assets (MiCA) regulation on June 1st represents a new beginning for the EU crypto-assets market. MiCA aims to create a harmonized regulatory framework across the EU, providing greater legal clarity and investor protection. For companies like Goobit, MiCA opens up opportunities for broader market access, increased investor confidence, and the ability to innovate within a clear regulatory framework.

In conclusion, Goobit Group AB stands poised for continued growth and success. Our strategic initiatives, robust financial performance, and commitment to innovation position us well to capitalize on the evolving bitcoin market. Currently, we hold 8.23 bitcoin in our portfolio as of last April. We look forward to your continued support as we navigate the exciting opportunities ahead.

Thank you for your trust and investment in Goobit Group AB.

Sincerely,

Christian Ander, CEO
June 2024
Goobit Group AB (publ)

For further information, please contact:
Christian Ander, CEO, Goobit Group AB
Email: ir@goobit.se

About Goobit Group | BTCX
Goobit Group AB (publ) operates in the financial sector. The company launched the world's longest running Bitcoin exchange BTCX in 2012. Goobit is Sweden's leading Bitcoin company in financial services and education. The company offers exchange services of fiat currencies to Bitcoin and has so far exchanged over 2.0 billion SEK. The company's most well-known brands are BTCX Express and Standard Bitcoin Exchange (BTCX). In addition to exchange services, the company also offers services in anti-money laundering (AML Desk) and compliance for crypto assets. Goobit Group AB (publ) was registered in 2013 and is a group with operations in the wholly-owned subsidiaries Goobit AB, Goobit Blocktech AB, and Goobit Exchange AB. Goobit AB targets private individuals, corporate customers, and financial institutions. The group has its headquarters in Gamla Stan, Stockholm, Sweden.

For more information, see Goobit's website www.goobit.se