The numbers don’t look very strong to allow it to rise over 200% in a week. Well, good luck to the owners.
Oh no. Is it still that AI mention in the financial statement report.
'At the end of 2024, Digitalist Group faced both market challenges and promising opportunities …
‘We are committed to overcoming the challenges of the Finnish market, but we have focused even more on leveraging opportunities in the Swedish market and expanded our offering with new applied artificial intelligence services.’
Here is Digitalist Group’s half-year report.
Published last week.
DIGITALIST GROUP – CONSOLIDATED HALF-YEAR REPORT 1.1.-30.6.2025 (Unaudited)
SUMMARY
April – June 2025 (2024 comparative figures in parentheses):
*** Revenue EUR 4.6 million (EUR 4.0 million), growth 14.0%.**
*** EBITDA EUR -0.2 million (EUR -0.7 million), -5.3% of revenue (-18.2%).**
*** EBIT EUR -0.4 million (EUR -0.7 million), -8.3% of revenue (-18.1%).**
*** Result for the period EUR -1.0 million (EUR -1.5 million), -21.8% of revenue (-37.6%).**
*** Earnings per share (diluted and undiluted) EUR -0.00 (EUR -0.00).***
Review period January – June 2025 (2024 comparative figures in parentheses):
*** Revenue EUR 9.0 million (EUR 7.9 million), growth 14.8%.**
*** EBITDA EUR -0.4 million (EUR -1.1 million), -4.2% of revenue, (-14.4%).**
*** EBIT EUR -0.6 million (EUR -1.3 million), -7.1% of revenue (-17.0%).**
*** Result for the period EUR -2.0 million (EUR -2.6 million), -22.4% of revenue (-32.4%).**
*** Earnings per share (diluted and undiluted) EUR -0.00 (-0.00).***
*** Cash flow from operating activities EUR -1.3 million (EUR -1.3 million).**
*** Number of personnel at the end of the review period 123 (127), decrease 3.1%.**
*The information is presented as of June 30, 2025, before the share consolidation on August 15, 2025.
Future outlook
In 2025, revenue and operating profit (EBITDA) are expected to improve compared to 2024.
CEO’s review
The first half of 2025 shows improvement compared to the corresponding period last year. Revenue and results have developed in the right direction, but the pace of improvement is slower than we anticipated, and there is still some way to go to achieve profitability.
We have been able to grow despite a challenging market situation. This has been possible thanks to maintaining long-term customer relationships and winning new assignments. Sweden remains our strongest market, and in Finland, we achieved growth, although increased price awareness has tightened margins across the industry.
Operational efficiency and cost discipline will continue to be key priorities. In the first half of the year, we achieved savings of approximately EUR 0.3 million in operating expenses compared to the corresponding period last year. The results are already beginning to show, but achieving profitability still requires determined focus.
During the review period, we also advanced our work in applied artificial intelligence. The Digitalist Private AI Hub has now been launched under the brand name Stacken.ai, and we have started the first AI transformation assignments, for example, with Sweden’s Utbildningsradion and the municipality of Linköping. These are early but important steps in building a service area that we believe will grow rapidly in importance for our customers.
I am grateful to all our employees for their dedication and perseverance, and to our customers for the trust they continue to show in us. There are challenges ahead, but with steady progress and clear focus, we are building a foundation for a stronger, more profitable, and more sustainable Digitalist Group.
/ CEO Magnus Leijonborg
Here are some of the company’s latest releases:
Reporting Person
Name: Magnus Leijonborg
Position: CEO
Issuer: Digitalist Group Oyj
Date of transaction: 2025-08-19
Trading venue: OFF-EXCHANGE TRANSACTIONS (XOFF)
Instrument type: DERIVATIVE
Nature of transaction: ACCEPTANCE OF SHARE OPTION
Detailed information of transactions
(1): Volume: 7300 Unit price: 0 N/A
Aggregated information of transactions (1):
Volume: 7300 Average price: 0 N/A
Digitalist Group Oyj (“Digitalist Group” or “the Company”) has, as previously announced, on the consolidation date of August 15, 2025, carried out the consolidation of the Company’s shares, i.e., the reduction of the number of shares, and the related directed share issue without consideration, redemption of shares, and cancellation of shares. After the share consolidation, the Company’s new share count is 2,773,721 shares. The new number of shares has been registered today, August 16, 2025, in the Trade Register maintained by the Finnish Patent and Registration Office, and trading in the Company’s shares with the new total number will commence on Monday, August 18, 2025, on Nasdaq Helsinki Oy’s stock exchange list with the new ISIN code FI4000591698. Digitalist Group’s trading symbol DIGIGR will remain unchanged.
Digitalist Group Oyj (“Digitalist Group” or “the Company”) has agreed with Turret Oy Ab (“Turret”) on a loan of EUR 800,000 (“the Loan”) to strengthen the Company’s working capital. The Company has the right to draw the Loan in installments by December 31, 2025. The Loan has been agreed on market terms and matures on December 31, 2026.
Turret is Digitalist Group’s largest shareholder.
In accordance with the Finnish Companies Act’s provisions concerning related party transactions, Digitalist Group’s board members Paul Ehrnrooth and Peter Eriksson did not participate in the decision-making related to the Loan.