Stockholm, Sweden – 27th June, 2025 – Cyber Security 1 AB (publ) (“The Company”) (“CYBER1”) (Nasdaq First North: CYB1), has published the annual report for the financial year 2024, with total revenue of €50.06 million for the year.
Commenting on the annual report, Group President and Executive Director Robert Brown, stated:
“The second half of 2024 brought several challenges, resulting in revenue slightly below the prior year’s full-year figure. Key factors included underperformance from Trinexia DMCC, delayed government and enterprise deals, and margin pressures on closed contracts. Additionally, a modest rise in costs impacted profitability, underscoring the importance of our ongoing strategic transformation.
Despite these headwinds, strong performances from our European operations and two of our three distribution entities (Africa and South Africa), demonstrate our ability to navigate difficult market conditions while seizing growth opportunities. These areas have shown resilience and growth potential, providing a solid foundation as we recalibrate our focus.
Looking forward, we remain optimistic about the evolving cybersecurity landscape. Emerging technologies and value-driven solutions offer new avenues for growth, with our expansion in Europe playing a central role in our long-term strategy. Concurrently, our commitment to Southern and wider Africa remains unwavering, with these regions continuing as core markets of focus.”
The annual report, is available on the Company’s website, www.cyber1.com/investors under the section for financial reporting.
Further to the annual report, the Board of Directors has also issued a separate corporate governance report for 2024, which can be found under https://cyber1.com/corporate-governance/.