Safello Group’s financial results for the third quarter of 2026 show a return to profit despite a sharp contraction in trading activity. Safello Group AB reported net profit of SEK 0.7 million, against a year-earlier loss of SEK 1.1 million, while net turnover fell 41% to SEK 98.4 million.
Summary
Key takeaways
- Safello’s quarterly EBITDA rose to SEK 1.0 million.
- Active customers fell to 12.9 thousand in the third quarter.
- Nine-month orders declined 39% year on year.
- A Swedish crypto checkout pilot launched under Safello’s MiCA authorization.
Safello Group’s financial results: profit rises as turnover falls
Safello attributed the quarterly turnover decline to fewer orders, while lower costs and stronger margins supported its return to operating profit. Net turnover fell from SEK 165.7 million a year earlier to SEK 98.4 million.
Gross profit declined 35% to SEK 8.7 million from SEK 13.4 million, but the gross margin increased to 8.8% from 8.1%. EBITDA reached SEK 1.0 million, up from SEK 0.5 million. Operating profit was SEK 0.8 million, compared with a loss of SEK 1.1 million.
Basic and diluted earnings per share were SEK 0.04, against a loss of SEK 0.06 a year earlier, based on 20,449,600 shares.
Customers and orders contract
Third-quarter active customers fell to 12.9 thousand from 20.4 thousand, while new active customers declined to 2.4 thousand from 4.4 thousand. Orders totaled 25.9 thousand, compared with 41.4 thousand.
The average buy order decreased 14% to SEK 2.2 thousand, and the average sell order fell 8% to SEK 8.8 thousand.
For the first nine months, orders dropped 39% to 76.6 thousand from 126.0 thousand. Active customers declined to 38.4 thousand from 51.9 thousand; new active customers fell to 6.4 thousand from 12.9 thousand.
Nine-month losses and liquidity
Safello Group’s financial results remained negative over the first nine months: turnover fell 33% to SEK 326.4 million, and the net loss widened to SEK 9.9 million from SEK 8.9 million.
Nine-month EBITDA was negative SEK 11.5 million, versus negative SEK 4.2 million. Safello said a SEK 2.2 million realized loss on its long-term TAO holding affected the result, partly offset by cost reductions implemented during the year.
Cash stood at SEK 12.3 million at quarter-end, down from SEK 17.3 million on December 31, 2025. Long-term crypto assets carried a book value of SEK 0.4 million, compared with SEK 9.0 million a year earlier, following the TAO sale in the second quarter.
Crypto checkout pilot starts in Sweden under MiCA
Safello launched its crypto checkout pilot on September 24, 2026, allowing businesses to embed crypto purchases and transfers into existing customer journeys. Under MiCA, the EU’s Markets in Crypto-Assets Regulation, Safello holds authorization as a crypto-asset service provider, which allows the service to function.
Customers complete Safello’s standard KYC process, become Safello customers, purchase crypto-assets, and transfer them within one flow. Businesses connect through Safello’s API rather than building their own crypto-asset capability.
Safello said it had seen demand for regulated access to crypto-assets through third-party services since MiCA took effect. It is working with an external party on an initial use case and integrating the checkout on its bitcoin.se platform.
The pilot initially covers Sweden and collects volume, conversion, and customer-behavior data before a decision on further development or expansion.
Safello reported no significant or other events after quarter-end.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
