With organic growth reaching 8.9%, Acroud reported a 5% year-on-year revenue increase to €10.4 million in Q4 of the previous year.
Yet, in spite of the revenue boost, adjusted EBITDA declined by 16% to €1.2 million during the quarter. Meanwhile, overall EBITDA fell 40% to €1.1 million.
Narrowing to a loss of €3.9 million, profit after tax showed significant improvement. This is in comparison to an €8 million loss in the fourth quarter of 2023.
Nonetheless, the business also reported a 5% decline in NDC or new depositing customers to 43,199 in Q4.
The results of the company showed a slight 2% revenue decline to €38.2 million for the full-year 2024. Although organic growth remained positive at 3.8%.
While overall EBITDA rose 28% to €7 million, full-year adjusted EBITDA dropped 27% to €4.7 million.
Acroud reduced its full-year net loss to €2.6 million. This marks a significant improvement from the €31.2 million loss reported in 2023.
NDCs dropped 46% to 175,740 for the full year. The company ascribed this decline to a strategic shift toward acquiring high-value customers.
Aimed at reinforcing its financial foundation and driving long-term growth, Acroud completed a major restructuring in the past year.
Although the financial impact is not yet visible in the Q4 results, CEO Robert Andersson called the restructuring a complete transformation for the company.
Acroud issued over 1 billion new shares to boost liquidity as part of the process.
Apart from this, it also converted SEK70 million in bond debt and PMG earnout obligations into equity. By that means reducing its financial leverage.
Furthermore, the company raised SEK65.3 million by Super Senior Bonds, further enhancing financial flexibility.
Andersson said that they also took a crucial step in consolidating their position by acquiring the remaining 49% of Acroud Media Ltd., ensuring full control over one of their strongest growth engines.
