CORRECTION: White Pearl Technology Group AB Q1 2025 Financial Report

May 06, 2025 19:41 - Regulatory

CORRECTION NOTICE White Pearl Technology Group AB (WPTG: Nasdaq First North) has issued a correction to its Q1 2025 financial report originally published on April 22, 2025. The corrections are necessary due to the erroneous inclusion of contracted future shares not yet issued. The following information has been corrected: · The number of shares as per March 31, 2025, was 27,848,476 (previously reported as 28,919,738) · EPS for Q1 2025 is revised to 0.55 SEK, up 72% year-over-year (previously reported as 0.53 SEK) · EPS for FY2024 is revised to 0.83 SEK (previously reported as 0.97 SEK) · Total equity per March 31, 2025, was 144.7 MSEK (previously reported as 152.9 MSEK) · Operating cash flow is 10.2 MSEK (previously reported as 16 MSEK) · The balance sheet now includes a warrant reserve of +5.86 MSEK

White Pearl Technology Group publishes Annual Report 2024

Apr 28, 2025 22:42 - Regulatory

The annual report refers to the White Pearl Technology Group AB operations from January 1, 2024, through December 31, 2024.

Notice of Annual General Meeting of White Pearl Technology Group

Apr 22, 2025 08:59 - Regulatory

The shareholders of White Pearl Technology Group AB, reg. no. 556939-8752, are hereby invited to attend the Annual General Meeting on Tuesday, May 20, 2025, at 10:00 a.m. at Lunin4ry's premises, Vasagatan 15-17, Stockholm.

CORRECTION: White Pearl Technology Group AB Q1 2025 Financial Report

Apr 22, 2025 08:00 - Regulatory

CORRECTION NOTICE White Pearl Technology Group AB (WPTG: Nasdaq First North) has issued a correction to its Q1 2025 financial report originally published on April 22, 2025. The corrections are necessary due to the erroneous inclusion of contracted future shares not yet issued. The following information has been corrected: · The number of shares as per March 31, 2025, was 27,848,476 (previously reported as 28,919,738) · EPS for Q1 2025 is revised to 0.55 SEK, up 72% year-over-year (previously reported as 0.53 SEK) · EPS for FY2024 is revised to 0.83 SEK (previously reported as 0.97 SEK) · Total equity per March 31, 2025, was 144.7 MSEK (previously reported as 152.9 MSEK) · Operating cash flow is 10.2 MSEK (previously reported as 16 MSEK) · The balance sheet now includes a warrant reserve of +5.86 MSEK

White Pearl Technology Group’s Klarib Secures Landmark SEK 22 Million Contract with South Africa’s CSOS for Digital Transformation

Apr 08, 2025 11:15 - Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF), a global supplier of cutting-edge solutions for digital transformation, today announced that its South African subsidiary, Klarib, has been awarded a five-year contract worth approximately SEK 22 million by the Community Schemes Ombud Service (CSOS) in South Africa to deliver an Enterprise Content and Document Management Solution (ECDMS).

Additional share purchases by management in White Pearl Technology Group

Mar 26, 2025 16:12 - Non Regulatory

Further to recently reported insider purchases in White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF), the company today announced that share purchases totalling 20,000 shares were made by group managers during the last week.

White Pearl Technology Group AB Revises Financial Calendar for 2025

Mar 14, 2025 16:57 - Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF) today announced a revised financial calendar for 2025, with the publication dates for the Q1 and Q3 reports brought forward. The Q1 report will now be published on April 22, 2025 (previously scheduled for April 24), and the Q3 report will now be published on October 28, 2025 (previously scheduled for October 30).

White Pearl Technology Group AB Appoints Stephen Nurcombe-Thorne as SVP of AI, Data Science and Blockchain

Mar 13, 2025 11:00 - Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF), a global leader in digital transformation solutions, today announced the appointment of Stephen Nurcombe-Thorne as Senior Vice President of AI, Data Science and Blockchain. This strategic promotion reflects WPTG's commitment to strengthening its leadership in emerging technologies and positions the company for continued growth in these high-value domains.

WPTG AB Outlines Strategic Initiatives Supporting Revised Financial Forecast for 2028

Mar 13, 2025 10:15 - Non Regulatory

Today, White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF) provided a detailed overview of the strategic initiatives supporting its recently announced revised Vision 2028 financial targets. This follows the March 12 announcement in which the Company raised its long-term revenue targets.

White Pearl Technology Group AB Appoints Peter Ejemyr as Vice President Investor Relations

Mar 12, 2025 16:11 - Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF) today announced the appointment of Peter Ejemyr as Vice President Investor Relations. This newly created position, based in Stockholm, strengthens the company's executive team and underscores WPTG's commitment to enhancing investor communications.

White Pearl Technology Group AB Increases Financial Forecast for 2028

Mar 12, 2025 12:00 - Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF) today announced a substantial upward revision to its Vision 2028 strategic growth plan, with revenue targets increased across all future years. The 2028 revenue target has been raised by 18.1% to SEK 827 million (from SEK 700 million), while nearer-term projections show even larger increases, with the 2025 revenue target up by 27.0% to SEK 470 million. These revisions reflect the Company's stronger-than-expected performance in 2024, where actual revenue of SEK 310 million exceeded previous forecasts by 6.9%, and demonstrate increased confidence in WPTG's long-term growth trajectory across all markets. The new forecast in detail can be found below.

[Correction: Shares in directed issue: 251,256, not 238,854] WPTG acquires Nordic technology consultancy Nuport and resolves on a directed share issue

Mar 11, 2025 20:55 - Regulatory

White Pearl Technology Group AB (publ) ("WPTG") has entered into an agreement regarding the acquisition of, and taking possession of, all shares (the "Shares") in Nuport Sverige AB ("Nuport"). The seller of Nuport Sverige AB will receive newly issued shares in WPTG through a directed share issue.

White Pearl Technology Group AB: Invitation to Investor Update on OTC Listing Implications

Mar 03, 2025 21:34 - Regulatory

White Pearl Technology Group AB (WPTG) invites investors, analysts, and media to participate in a special investor update focused on the company's OTC listing and its strategic implications on Wednesday, March 5, 2025, at 13:00 CET.

White Pearl Technology Group AB: OTC Markets Group Welcomes White Pearl Technology Group AB to OTC

Feb 28, 2025 09:00 - Regulatory

White Pearl Technology Group AB (Nasdaq First North Growth Market Stockholm: WPTG; OTCQX: WPTGF) is pleased to announce that it has qualified to begin trading on the OTCQX® Best Market. The Company's shares will begin trading today on OTCQX under the symbol "WPTGF.

White Pearl Technology Group AB: Correction - Acquisition of Lumin4ry AB

Feb 24, 2025 11:35 - Regulatory

INSIDE INFORMATION - CORRECTION A previous version of this press release published on 24 February 2025 at 10:00 CET incorrectly referred to the acquired company as "Lumi4ry AB". The correct company name is "Lumin4ry AB". Below is the complete corrected press release.

White Pearl Technology Group acquires Lumi4ry AB

Feb 24, 2025 11:08 - Regulatory

INSIDE INFORMATION White Pearl Technology Group AB (WPTG) has today entered into a binding agreement to acquire 100% of the shares in Lumi4ry AB ("Lumi4ry"), a Swedish IT services provider. Lumi4ry, with a workforce of 100 people based in Stockholm, is expected to contribute with an annual revenue of approximately SEK 140 million and a profit of SEK 5 million. The purchase price amounts to SEK 9 million, paid in cash and a performance-based earn-out structure over 4 years, with potential additional consideration of up to SEK 11 million in WPTG shares. The acquisition strengthens WPTG's presence in the Nordic market and creates significant synergy opportunitie

WPTG Subsidiary Secures Multi-Year AI, Cyber Security, Fraud Detection Contract in Africa

Feb 14, 2025 12:35 - Regulatory

Key Highlights: · Strategic contract with a value of SEK 100M · 3-year deal with a 2-year option to extend · Part of WPTG's broader revenue optimisation initiative

White Pearl Technology Group AB terminates liquidity provider agreement

Feb 05, 2025 15:18 - Regulatory

White Pearl Technology Group AB ("WPTG") announces the termination of its liquidity provider agreement with Pareto Securities AB. The last day of liquidity support services will be February 5, 2025.

White Pearl Technology Group AB Reports Record 2024 Results with 29% Revenue Growth

Feb 03, 2025 09:00 - Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTG), a leading global provider of digital transformation solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2024.

White Pearl Technology Group AB: Q4 2024 Report Publication Brought Forward

Jan 28, 2025 11:16 - Non Regulatory

White Pearl Technology Group AB is pleased to announce that the publication of its fourth quarter 2024 report has been brought forward to February 3, 2025, from the previously announced date of February 10, 2025.

[Correction: The correction is regarding the wrong date and time in the MAR Label] WPTG Signs Letter of Intent to Acquire Lumin4ry Consulting AB in Significant Swedish Expansion

Jan 19, 2025 22:15 - Regulatory

White Pearl Technology Group AB (WPTG) today announces signing a Letter of Intent to acquire 100% of Lumin4ry, a Swedish ICT staffing company. The transaction represents a significant step in WPTG's growth strategy and expansion into the Nordics.

WPTG Signs Letter of Intent to Acquire Lumin4ry Consulting AB in Significant Swedish Expansion

Jan 19, 2025 21:00 - Regulatory

White Pearl Technology Group AB (WPTG) today announces signing a Letter of Intent to acquire 100% of Lumin4ry, a Swedish ICT staffing company. The transaction represents a significant step in WPTG's growth strategy and expansion into the Nordics.

Regulatory Release - Inside Information White Pearl Technology Group AB: Trading Update - Own Products and IP Drive Improvement in Gross Margins and Revenue at WPTG in 2024

Jan 16, 2025 09:00 - Regulatory

White Pearl Technology Group AB (publ) provides a trading update for the fourth quarter and full year ending December 31, 2024 White Pearl Technology Group AB (publ) ("WPTG" or "the Company") (Nasdaq First North: WPTG) announces a trading update for Q4 and the full year ending December 31, 2024. The Company's focus on its products and intellectual property has significantly improved gross margins and revenue throughout 2024, a trend expected to persist.

WPTG subsidiary ECC signs digital transformation contract with EgyptAir

Dec 10, 2024 09:00 - Non Regulatory

White Pearl Technology Group AB (WPTG) announces that its subsidiary ECC has signed a contract to drive EgyptAir's digital transformation through SAP S4HANA implementation. The contract, valued at SEK 7.1 million, will be delivered over 12 months.

WPTG completes a directed share issue of 1,494,262 new shares, raising proceeds of approximately SEK 9.0 million

Dec 08, 2024 23:17 - Regulatory

The board of directors of White Pearl Technology Group AB (publ) ("WPTG" or the "Company") has today resolved to carry out a directed share issue of 1,494,262 new shares at a subscription price of SEK 6 per share, corresponding to a premium of approximately 13.2% compared to the volume-weighted average price (VWAP) for the WPTG share over the last 30 days, a premium of 4.35% compared to the 7-day VWAP, and a premium of 1.4% compared to the spot price. Through the directed share issue, WPTG will receive proceeds amounting to approximately SEK 8.97 million before transaction costs, which will be used to support the Company's growth initiatives and expansion plans. Total transaction costs are estimated at SEK 55,000.

WPTG acquires Nordic technology consultancy Nuport and resolves on a directed share issue

Dec 05, 2024 17:24 - Regulatory

White Pearl Technology Group AB (publ) ("WPTG") has today entered into an agreement regarding the acquisition of, and taking possession of, all shares (the "Shares") in Nuport Sverige AB ("Nuport"). The seller of Nuport Sverige AB will receive newly issued shares in WPTG through a directed share issue.

WPTG acquires 51% stake in Indian AI pioneer OneBrain and resolves on a directed share issue

Dec 05, 2024 17:19 - Regulatory

White Pearl Technology Group AB (publ) ("WPTG") has today entered into an agreement regarding the acquisition of, and taking possession of, 51% of the shares (the "Shares") in OneBrain ("OneBrain"). The total transaction value is USD 300,000, to be paid in three tranches, with the first tranche of SEK 1,100,000 executed today following successful due diligence.

WPTG Pioneers Advanced Municipal Revenue Enhancement Solutions across Africa

Dec 04, 2024 09:35 - Non Regulatory

White Pearl Technology Group AB (WPTG) provides insights into its innovative municipal digital transformation programs being implemented in Kenya and South Africa, highlighting the complex technical capabilities required for successful delivery.

Market Open Sweden.jpg

White Pearl Technology Group Reports Strong Interest Following US Investor Presentations

Nov 27, 2024 09:00 - Non Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTG) today announces the outcomes of its participation in the Swedish Investor Day hosted by OTC Markets and Nano Cap Group in New York City. The event resulted in significant interest from institutional investors and multiple strategic partnership discussions.

Implementation of Strategic Technology Alliance Supporting Five-Year Growth Plan

Nov 22, 2024 10:12 - Non Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTG_B) today announced a strategic technology alliance with leading technology and consulting firms to accelerate innovation and expand market reach across key regions. The alliance brings together seven partners: · Experienced Certified Consulting (ECC) – Egypt (WPTG subsidiary) · New Digital Future (NDF) – Egypt (WPTG subsidiary) · Cloud – Egypt (WPTG subsidiary) · Global Identity Technology Services (GITS) - Qatar · Experts Hive Corp (Exp-Hive) - Canada · Innovation Oasis (Ioasis Tech) - UAE · GulfBoost IT Solutions - Saudi Arabi

WPTG Strengthens Strategic Position Through Swedish Business Networking Event

Nov 18, 2024 12:47 - Non Regulatory

White Pearl Technology Group (WPTG) has significantly advanced its position within the Swedish business ecosystem following participating in Business Sweden Johannesburg's prestigious quarterly networking event. The gathering, which showcased leading Swedish companies operating in the region, featured notable speakers including Cilliers Brink, Caucus Leader for the Democratic Alliance in the City of Tshwane, and Robin Nordlander, Deputy Chief Test Pilot for Jas Gripen at Saab.

Board members engaging with staff.jpeg Board member Arne Nabseth , WPTG Chief Architect Stephen Thorne and Board Chairman Sven Otto Littorin enjoying lunch.jpeg Board Chairman Sven Otto Littorin and Ambassador Mr. Ha°kan Juholt .jpeg

WPTG Board Visit to African Operations: Driving Strategic Growth Through Active Engagement

Nov 14, 2024 15:33 - Non Regulatory

White Pearl Technology Group (WPTG) demonstrated its hands-on approach through an intensive three-day visit to the group's African headquarters in Johannesburg, South Africa from October 27-29, 2024. The visit reinforced the board's commitment to understanding African market dynamics and supporting regional growth initiatives.

WPTG signs Letter of Intent to acquire Nuport Sverige AB, expanding Nordic presence

Nov 13, 2024 09:00 - Regulatory

White Pearl Technology Group AB (WPTG) today announced the signing of a Letter of Intent (LOI) to acquire 100% of the shares in the Swedish consultancy firm Nuport Sverige AB (Nuport), marking a significant and strategic step in strengthening its Nordic presence. The purchase price is set at SEK 1.5M and is to be paid in WPTG shares. Parties expect to finalise the agreement within 3 weeks, and the transaction depends on successful due diligence.

White Pearl Technology Group Expands Global Footprint with OTC Markets Listing in the USA

Nov 12, 2024 13:00 - Regulatory

Highlights · Leading Swedish digital transformation provider WPTG announces plans for a secondary listing on OTC Markets · The move follows a recent board resolution to expand the company's global investor base · Marks the start of the process, expected to be completed within the next few weeks · Supports WPTG's ambitious global expansion strategy in emerging markets

Correction to the WPTG Q3 Earnings Release

Nov 11, 2024 11:32 - Regulatory

In the WPTG Q3 2024 earnings release published on November 11, 2024, at 08:00 CET, the Q3 2024 financial report was not included as an attachment.

WPTG Reports Strong Q3 2024 Performance with Revenue Growth of 38%

Nov 11, 2024 09:00 - Regulatory

White Pearl Technology Group AB (Nasdaq First North: WPTG), a leading global provider of digital transformation solutions, today announced its financial results for the third quarter ended September 30, 2024.

Update to Financial Calendar

Nov 08, 2024 11:20 - Regulatory

White Pearl Technology Group AB (WPTG) announces an update to its financial calendar. The Q3 2024 report will be published on Monday, 11 November 2024.

COMMUNIQUE FROM THE EXTRAORDINARY GENERAL MEETING 2024-11-08

Nov 08, 2024 11:05 - Regulatory

White Pearl Technology Group AB held its Extraordinary General Meeting today, November 8th. Below is a summary of the material decisions made at the meeting.

Correction: Notice of Extraordinary General Meeting of White Pearl Technology Group AB

Oct 23, 2024 14:22 - Regulatory

The correction is due to information about the Power of Attorney link, which was missing in the previous press release from 2024-10-23 at 13:10. The shareholders of White Pearl Technology Group AB are hereby summoned to an extraordinary general meeting on November 8, 2024, at 09:30 a.m. at the company's premises at Nybrogatan 34, 114 39 Stockholm. Shareholders who wish to participate in the meeting and vote for their shares must be registered in the share register maintained by Euroclear Sweden AB no later than October 31, 2024. Registration for the meeting must be made no later than November 4, 2024, via email to [email protected] or by written correspondence to White Pearl Technology Group AB, "Extraordinary General Meeting 2024", Box 5216, 102 45 Stockholm. In cases where a representative or proxy participates in the meeting, necessary authorization documents must be sent to the company along with the registration. Shareholders whose shares are registered in the name of a nominee must, in order to participate in the meeting, temporarily register the shares in their own name. Such registration must be completed with Euroclear Sweden AB no later than November 4, 2024, which means that the shareholder must notify the nominee well in advance of this date.

Notice of Extraordinary General Meeting of White Pearl Technology Group AB

Oct 23, 2024 13:11 - Regulatory

The shareholders of White Pearl Technology Group AB are hereby summoned to an extraordinary general meeting on November 8, 2024, at 09:30 a.m. at the company's premises at Nybrogatan 34, 114 39 Stockholm. Shareholders who wish to participate in the meeting and vote for their shares must be registered in the share register maintained by Euroclear Sweden AB no later than October 31, 2024. Registration for the meeting must be made no later than November 4, 2024, via email to [email protected] or by written correspondence to White Pearl Technology Group AB, "Extraordinary General Meeting 2024", Box 5216, 102 45 Stockholm. In cases where a representative or proxy participates in the meeting, necessary authorization documents must be sent to the company along with the registration. Shareholders whose shares are registered in the name of a nominee must, in order to participate in the meeting, temporarily register the shares in their own name. Such registration must be completed with Euroclear Sweden AB no later than November 4, 2024, which means that the shareholder must notify the nominee well in advance of this date.

White Pearl Technology Group Strengthens Senior Leadership to Drive Global Growth

Oct 10, 2024 06:50 - Regulatory

White Pearl Technology Group AB Stockholm, Sweden – 10 October 2024 White Pearl Technology Group AB (WPTG) announces strategic changes to its senior leadership team aimed at accelerating the Company's global growth and executing its five-year vision. The details are as follows:   • Ashley de Klerk, current Group COO, appointed as Executive Vice President • Ibrahim Srour to assume the role of Group Chief Operating Officer • Changes effective from 10 October 2024 • Appointments support WPTG's strategy to become a significant global ICT player

OTT India Awarded Billing Optimisation Contract

Sep 27, 2024 15:13 - Regulatory

White Pearl Technology Group AB (WPTG) announces that its subsidiary, OTT India, has secured a significant contract for billing optimisation. The details are as follows: Key Points: • Contract value: USD 2.2 million • Duration: 12 months • Scope: Billing system optimisation with AI enhancements • Client: Major Metropolitan Municipality in Kenya, East Africa

White Pearl Technology Group AB Unveils Five-Year Strategic Growth Plan

Sep 23, 2024 17:24 - Regulatory

The Board of Directors has today approved White Pearl Technology Group AB’s (WPTG) strategic growth plan for the next five years. Key Points: • WPTG targets estimated annual revenue growth of 20-25% over the next five years. • 2023 performance: Revenue increased by 31% to SEK 239.6 million, and EBITDA margin improved to 14.1%. • Expansion plans include strengthening presence in existing markets and entering new ones, particularly in North America and the Nordics. • Focus on enhancing proprietary solutions, AI and machine learning innovation, and strategic acquisitions.

WPTG Middle East Signs Over $2 Million Worth of New Contracts

Sep 19, 2024 14:34 - Non Regulatory

White Pearl Technology Group is pleased to announce that its Middle East subsidiaries-ECC, Cloud, OTT Middle East, and NDF-have been awarded new contracts valued at more than US$2 million. These new contracts will be delivered over the next 12 months and represent a significant scaling up for WPTG in the Middle East region, particularly in the Kingdom of Saudi Arabia, Jordan, the United Arab Emirates, and Egypt.

White Pearl Technology Group to start reporting quarterly and updates the Financial Calendar

Sep 06, 2024 08:15 - Regulatory

White Pearl Technology Group (WPTG) is introducing quarterly reports into its financial practice, starting with Q3 2024. This change aims to provide more frequent and timely information to shareholders and the investment community.

White Pearl Technology Group shows continuous growth in the Interim Report for the First Half of 2024

Aug 30, 2024 08:00 - Regulatory

White Pearl Technology Group withdraws offer to acquire Ayima assets and releases forecast for 2024

Jul 31, 2024 10:00 - Regulatory

White Pearl Technologies Group (WPTG) today announced the decision not to pursue the acquisition of the bankrupt estate of Ayima Group AB (Ayima Group) whilst also issuing a forecast for 2024 which shows a continued trend of robust growth across the Group. The Group is expected to produce revenues of around SEK 300M in 2024 with profits in the order of SEK 35M. This represents growth of over 35% from 2023, showing the significant health of operations and scale that the business is reaching. These forecasts exclude Ayima.

Communiquè from the Annual General Meeting

Jul 29, 2024 15:45 - Regulatory

Trade Update: White Pearl Technology Group pursues strong growth trajectory in H1 2024

Jul 16, 2024 09:00 - Regulatory

White Pearl Technology Group (WPTG) continues to show strong organic growth, with revenue increasing by 20% in the first half of 2024 (H1 2024) compared to the corresponding period in 2023. The core business has expanded and grown across all segments. Anticipated profit growth is over 12% compared to the corresponding period in 2023.

White Pearl Technology Group signs LOI to acquire 51% of Indian AI-company - OneBrain

Jul 08, 2024 09:30 - Non Regulatory

White Pearl Technology Group (WPTG) signed a Letter of Intent today to acquire 51% of the Indian AI company OneBrain in a cash and share agreement. The transaction is dependent on due diligence, which will now commence, with both parties hoping to finalize the agreement within the next month. The business is expected to produce revenue of over 4M SEK in 2024 and was pre-revenue until 2023.