H100 Group Fourth Quarter and Full-Year Report 2025
24 februari, 08:00
Interim report for the fourth quarter October 1 – December 31, 2025 for the Group
- Net sales amounted to 3 MSEK (last year 2.2 MSEK).
- Operating loss (EBIT) amounted to -296.4 MSEK (last year -0.4 MSEK), whereof 291.7 MSEK was depreciation and impairment, not affecting the Group’s cash flow.
- Loss before income tax amounted to -300.1 MSEK (last year -0.4 MSEK) whereof 297.6 MSEK did not affect the Group’s cash flow.
- Cash flow for the period amounted to -6.4 MSEK (last year -0.2 MSEK).
- Loss after tax amounted to -300.1 MSEK (last year -0.5 MSEK).
- Earnings per share for the period amounted to -0.91 SEK (last year -0.01 SEK).
- The Group’s equity ratio was 91% (last year 43%).
Interim report for the full-year January 1 – December 31, 2025 for the Group
- Net sales amounted to 11.8 MSEK (last year 14.1 MSEK).
- Operating loss (EBIT) amounted to -340.5 MSEK (last year -0.3 MSEK), whereof 324.2 MSEK was depreciation and impairment.
- Loss before income tax amounted to -354.8 MSEK (last year -0.8 MSEK) whereof 341.6 MSEK was non-cash-flow-affecting items.
- Cash flow for the period amounted to 29.7 MSEK (last year -0.8 MSEK).
- Loss after tax amounted to -354.8 MSEK (last year -0.8 MSEK).
- Earnings per share amounted to -1.76 SEK (last year -0.02 SEK).
- The Group’s equity ratio was 91% (last year 43%).
Significant events during the fourth quarter October 1 – December 31, 2025 for the Group
- H100 Group converted 122.5 MSEK of its outstanding convertible loans, reducing the total outstanding convertible debt to SEK 219.8 MSEK.
- H100 Group secured the domain name H100.com.
- H100 Group resolved to transition its financial reporting framework from K3 to IFRS in order to align its reporting with internationally recognised standards.
Significant events during the full-year January 1 – December 31, 2025 for the Group
- The acquisition of Healthy to 100 AS was completed in April, constituting a reverse takeover whereby H100 Group became a publicly listed company. The first day of trading under the new name and business was 23 April 2025.
- H100 Group acquired its first 4.39 Bitcoin on 22 May 2025.
- The Board of Directors formally adopted the Group’s Bitcoin treasury strategy on 30 June 2025.
- H100 Group raised a total of approximately SEK 1,189 MSEK during 2025 to support the implementation of the Bitcoin treasury strategy.
- H100 Group acquired a total of 1,046 Bitcoin during the financial year 2025.
- H100 Group initiated trading of its shares on the OTC market in the United States and on the Open Market segment of the Frankfurt Stock Exchange.
- H100 Group was included in the MSCI Global Micro Cap Index.
- Sander Andersen was elected Executive Chairman of the Company.
- Johannes Wiik was appointed Chief Executive Officer of the Group.
Significant events after the balance sheet date, December 31, 2025
- H100 Group AB completed the acquisition of Future Holdings AG.
- H100 Group acquired 4.39 Bitcoin, increasing total holdings to 1,051 Bitcoin.
For press releases and other corporate information, please refer to the Company’s website: www.h100.com.
CEO Statement
Dear shareholders of H100 Group AB,
2025 has been a defining and transformative year for H100. In April, we successfully listed our health tech business, laying the foundation for what has since evolved into one of Europe’s most ambitious publicly listed Bitcoin treasury platforms. As the year progressed, our strategy crystallized into two distinct pillars: one focused on building and scaling our health business, and the other dedicated to advancing institutional adoption of Bitcoin.
On 22 May 2025, we executed our first Bitcoin purchase of 4.39 BTC and formally launched our Bitcoin treasury strategy. From that point forward, execution was rapid and decisive. Over the summer, we raised approximately USD 120 million to accumulate additional Bitcoin, supported by a strong group of long-term investors including early Bitcoin pioneer Adam Back, who joined as a cornerstone shareholder and strategic supporter.
By year-end 2025, H100 held 1,046 Bitcoin on its balance sheet (1,051 Bitcoin currently), making us the largest listed Bitcoin treasury company in the Nordics, one of the six largest in Europe, and among the top 50 globally. We believe this balance sheet represents a unique strategic asset that will open significant opportunities for the Company in the years ahead, while our health operations continue to develop in line with our long-term strategy.
We initiated our Bitcoin strategy in a favourable market environment and demonstrated strong early performance, delivering a 264% increase in Bitcoin per share (Bitcoin yield) in the third quarter. As market conditions shifted in the fourth quarter and funding terms weakened across capital markets, we acted with discipline and adapted quickly. Protecting shareholder value remains our highest priority. As a result, the fourth quarter became a period of consolidation and infrastructure building, during which we focused on strengthening the Company’s capital markets capabilities, governance, and strategic positioning for the next phase of growth across both pillars.
Our primary objective remains unchanged: to increase Bitcoin per share over time. We remain fully committed to accumulating Bitcoin and building a financial platform around our balance sheet, but only on terms that are accretive and aligned with shareholder interests. Discipline in capital allocation is essential to long-term compounding.
Operating within the Bitcoin industry provides H100 with a unique advantage. By working closely with Bitcoin holders, corporates and institutional capital, we gain daily insight into the structural challenges and opportunities within this emerging financial ecosystem. We believe these insights will translate into future revenue streams and financial products built around our Bitcoin balance sheet, positioning H100 as a long-term financial partner for the Bitcoin economy.
While 2025 was a year of execution and foundation building, it also positioned the Company for important strategic developments. In early 2026, we announced the acquisition of Future Holdings and our entry into Switzerland. This marks a significant step in the institutionalization of H100 and establishes a presence in one of the world’s most sophisticated financial centers. Switzerland strengthens our access to international capital, enhances our ability to develop advanced financial structures and supports our ambition of becoming a leading European Bitcoin treasury platform, alongside the continued development of our health tech operations in the Nordics.
We enter 2026 with strong conviction. Our balance sheet, shareholder base and strategic positioning provide a robust platform for continued growth. We see substantial opportunities ahead and remain committed to executing our strategy with patience, discipline and a long-term perspective.
On behalf of the management team, I would like to thank our shareholders, partners and employees for their continued trust and support. Together, we are building a company designed to grow Bitcoin per share and create lasting value over time.
Johannes Wiik
CEO, H100 Group AB
Contact
Johannes Wiik, CEO H100 Group AB
E-mail: jw@h100.com
About H100 Group
H100 Group AB is a health technology company operating in the health and longevity sector, combined with an active Bitcoin Treasury Strategy. The company is the first and largest Bitcoin treasury company in the Nordics, with 1,046 bitcoin held on its balance sheet.
H100’s health technology business is focused on supporting providers of health and lifestyle services through AI-powered automation, digital growth tools, and integrated platform solutions. The company’s mission is to enable scalable, data-driven health services and to help people live healthier lives to 100 and beyond.
The company is listed on NGM Nordic SME. For more information, visit www.h100.group.
This information is information that H100 Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-24 08:00 CET.
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H100 Group Fourth Quarter and Full-Year Report 2025
24 februari, 08:00
Interim report for the fourth quarter October 1 – December 31, 2025 for the Group
- Net sales amounted to 3 MSEK (last year 2.2 MSEK).
- Operating loss (EBIT) amounted to -296.4 MSEK (last year -0.4 MSEK), whereof 291.7 MSEK was depreciation and impairment, not affecting the Group’s cash flow.
- Loss before income tax amounted to -300.1 MSEK (last year -0.4 MSEK) whereof 297.6 MSEK did not affect the Group’s cash flow.
- Cash flow for the period amounted to -6.4 MSEK (last year -0.2 MSEK).
- Loss after tax amounted to -300.1 MSEK (last year -0.5 MSEK).
- Earnings per share for the period amounted to -0.91 SEK (last year -0.01 SEK).
- The Group’s equity ratio was 91% (last year 43%).
Interim report for the full-year January 1 – December 31, 2025 for the Group
- Net sales amounted to 11.8 MSEK (last year 14.1 MSEK).
- Operating loss (EBIT) amounted to -340.5 MSEK (last year -0.3 MSEK), whereof 324.2 MSEK was depreciation and impairment.
- Loss before income tax amounted to -354.8 MSEK (last year -0.8 MSEK) whereof 341.6 MSEK was non-cash-flow-affecting items.
- Cash flow for the period amounted to 29.7 MSEK (last year -0.8 MSEK).
- Loss after tax amounted to -354.8 MSEK (last year -0.8 MSEK).
- Earnings per share amounted to -1.76 SEK (last year -0.02 SEK).
- The Group’s equity ratio was 91% (last year 43%).
Significant events during the fourth quarter October 1 – December 31, 2025 for the Group
- H100 Group converted 122.5 MSEK of its outstanding convertible loans, reducing the total outstanding convertible debt to SEK 219.8 MSEK.
- H100 Group secured the domain name H100.com.
- H100 Group resolved to transition its financial reporting framework from K3 to IFRS in order to align its reporting with internationally recognised standards.
Significant events during the full-year January 1 – December 31, 2025 for the Group
- The acquisition of Healthy to 100 AS was completed in April, constituting a reverse takeover whereby H100 Group became a publicly listed company. The first day of trading under the new name and business was 23 April 2025.
- H100 Group acquired its first 4.39 Bitcoin on 22 May 2025.
- The Board of Directors formally adopted the Group’s Bitcoin treasury strategy on 30 June 2025.
- H100 Group raised a total of approximately SEK 1,189 MSEK during 2025 to support the implementation of the Bitcoin treasury strategy.
- H100 Group acquired a total of 1,046 Bitcoin during the financial year 2025.
- H100 Group initiated trading of its shares on the OTC market in the United States and on the Open Market segment of the Frankfurt Stock Exchange.
- H100 Group was included in the MSCI Global Micro Cap Index.
- Sander Andersen was elected Executive Chairman of the Company.
- Johannes Wiik was appointed Chief Executive Officer of the Group.
Significant events after the balance sheet date, December 31, 2025
- H100 Group AB completed the acquisition of Future Holdings AG.
- H100 Group acquired 4.39 Bitcoin, increasing total holdings to 1,051 Bitcoin.
For press releases and other corporate information, please refer to the Company’s website: www.h100.com.
CEO Statement
Dear shareholders of H100 Group AB,
2025 has been a defining and transformative year for H100. In April, we successfully listed our health tech business, laying the foundation for what has since evolved into one of Europe’s most ambitious publicly listed Bitcoin treasury platforms. As the year progressed, our strategy crystallized into two distinct pillars: one focused on building and scaling our health business, and the other dedicated to advancing institutional adoption of Bitcoin.
On 22 May 2025, we executed our first Bitcoin purchase of 4.39 BTC and formally launched our Bitcoin treasury strategy. From that point forward, execution was rapid and decisive. Over the summer, we raised approximately USD 120 million to accumulate additional Bitcoin, supported by a strong group of long-term investors including early Bitcoin pioneer Adam Back, who joined as a cornerstone shareholder and strategic supporter.
By year-end 2025, H100 held 1,046 Bitcoin on its balance sheet (1,051 Bitcoin currently), making us the largest listed Bitcoin treasury company in the Nordics, one of the six largest in Europe, and among the top 50 globally. We believe this balance sheet represents a unique strategic asset that will open significant opportunities for the Company in the years ahead, while our health operations continue to develop in line with our long-term strategy.
We initiated our Bitcoin strategy in a favourable market environment and demonstrated strong early performance, delivering a 264% increase in Bitcoin per share (Bitcoin yield) in the third quarter. As market conditions shifted in the fourth quarter and funding terms weakened across capital markets, we acted with discipline and adapted quickly. Protecting shareholder value remains our highest priority. As a result, the fourth quarter became a period of consolidation and infrastructure building, during which we focused on strengthening the Company’s capital markets capabilities, governance, and strategic positioning for the next phase of growth across both pillars.
Our primary objective remains unchanged: to increase Bitcoin per share over time. We remain fully committed to accumulating Bitcoin and building a financial platform around our balance sheet, but only on terms that are accretive and aligned with shareholder interests. Discipline in capital allocation is essential to long-term compounding.
Operating within the Bitcoin industry provides H100 with a unique advantage. By working closely with Bitcoin holders, corporates and institutional capital, we gain daily insight into the structural challenges and opportunities within this emerging financial ecosystem. We believe these insights will translate into future revenue streams and financial products built around our Bitcoin balance sheet, positioning H100 as a long-term financial partner for the Bitcoin economy.
While 2025 was a year of execution and foundation building, it also positioned the Company for important strategic developments. In early 2026, we announced the acquisition of Future Holdings and our entry into Switzerland. This marks a significant step in the institutionalization of H100 and establishes a presence in one of the world’s most sophisticated financial centers. Switzerland strengthens our access to international capital, enhances our ability to develop advanced financial structures and supports our ambition of becoming a leading European Bitcoin treasury platform, alongside the continued development of our health tech operations in the Nordics.
We enter 2026 with strong conviction. Our balance sheet, shareholder base and strategic positioning provide a robust platform for continued growth. We see substantial opportunities ahead and remain committed to executing our strategy with patience, discipline and a long-term perspective.
On behalf of the management team, I would like to thank our shareholders, partners and employees for their continued trust and support. Together, we are building a company designed to grow Bitcoin per share and create lasting value over time.
Johannes Wiik
CEO, H100 Group AB
Contact
Johannes Wiik, CEO H100 Group AB
E-mail: jw@h100.com
About H100 Group
H100 Group AB is a health technology company operating in the health and longevity sector, combined with an active Bitcoin Treasury Strategy. The company is the first and largest Bitcoin treasury company in the Nordics, with 1,046 bitcoin held on its balance sheet.
H100’s health technology business is focused on supporting providers of health and lifestyle services through AI-powered automation, digital growth tools, and integrated platform solutions. The company’s mission is to enable scalable, data-driven health services and to help people live healthier lives to 100 and beyond.
The company is listed on NGM Nordic SME. For more information, visit www.h100.group.
This information is information that H100 Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-24 08:00 CET.
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