Overall Progress: 14 of 18 Deliverables Active
78% of commitments on track or completed
1
Achieved
14
In Progress
2
Scheduled
1
Pending
Financial & Operational Excellence
5 strategic commitments focused on revenue growth, margin optimisation, and operational efficiency
Achieve Q2 revenue between SEK 85–100M
Revenue trending toward upper end of guidance
Maintain Q2 EBITDA margin of 16–17%
Margin holding as planned due to cost discipline and product sale mixture
Optimise Capital Structure to fuel organic and Inorganic Growth
Discussions taking place with various parties in this regard
Review of External Accounting appointments in Group
Each region being assessed and changes are being recommended where required
Appointment of CFO in Sweden
Candidates are being interviewed
Strategic Execution & Growth
6 key initiatives driving business integration, market expansion, and new service launches
Finalise integration of Lumni4ry & Nuport
60% integration completed; shared systems deployed. Finance teams amalgamated
Secure 2 cross-regional client wins via Nordic platform
Sales structure being enhanced to ensure collaboration with rest of Group to enable
Launch Cybersecurity businesses in two regions
Offerings and business being set up. Recruitment has commenced
Board and Senior Management Visit to Businesses - Middle East
Planned for October 2025 in Cairo, Egypt
Investigate and launch Cryptography business for Identity Management and Encryption
Feasibility study is underway
Investor Confidence & Communication
5 initiatives enhancing transparency, stakeholder engagement, and market confidence
Publish post-acquisition case study (Lumni4ry)
Scheduled for August 2025 release
Interviews with Business Leadership
2 sets of interviews already published. More being planned
Launch rolling Deliverables Tracker on investor portal
Live on website June 2025
Host Q2 Results investor webinar with CEO/CFO and key leadership
Event to be held in August 2025
Engage 2 new institutional investor groups
Initial discussions underway via IR advisor
Governance & Capital Discipline
3 commitments strengthening corporate governance and capital allocation frameworks
Complete review of capital allocation strategy
Feasibility under assessment
Investigate the appointment of new Group Auditor in line with business size
Audit needs of group being assessed
Publish Annual Governance Statement
Drafting phase; to be included in next Annual Report