Q3 Interim Report January - March 2024

About Hamlet BioPharma

Hamlet BioPharma is an innovative biotechnology company that develops scientific discoveries into drugs for the treatment of cancer and infections. The goal is to address unmet medical needs in large patient groups in need of improved cancer treatments or alternatives to antibiotics. The company is leveraging highly innovative scientific discoveries and an extensive IP portfolio, to take these innovative drugs through mechanistic and preclinical phases, through the development of drug production technology to the clinic. Three projects in clinical development are in Phase II trials.

Bladder cancer treatment. The investigational new drug Alpha1H has shown efficacy in the treatment of early bladder cancer and has potential as neoadjuvant for this and additional patient groups. The clinical program is progressing towards Phase III and the company is in a dialogue with the Food and Drug Administration (FDA) regarding the continued clinical program. Alpha1H was recently awarded Fast track status by FDA.

Immunotherapy for bacterial infections. Immunotherapy has great potential as a complement to antibiotics. Treatment of infections with the IL-1 receptor antagonist IL-1RA has shown potent effects in in animal models, proving that immunotherapy may protect against inflammation and symptoms. Surprisingly, the treatment also accelerates the clearance of bacteria with similar efficacy as antibiotics. The clinical program is progressing with two Phase II studies, where positive clinical effects were recently communicated in patients with bladder pain. The pipeline contains additional, highly competitive new molecules for future clinical development.

The need for novel therapies is significant and cancer and infection are major threats to health, worldwide. The prevalence of bladder cancer is high and the threat of antibiotic resistance is growing. The drug candidates developed by Hamlet BioPharma hold the promise of improving the health of large patient groups, by providing therapeutic alternatives or complements to more toxic cancer drugs and to antibiotics.

OPENING REMARKS

In the third quarter of the 2023-2024 fiscal year, Hamlet BioPharma successfully raised approximately MSEK 46.7 through a rights issue, which was completed without guarantees, surpassing expectations. This capital infusion will support the ongoing funding of clinical projects and the development portfolio. The crucial backing from long-term shareholders and the addition of new investors were instrumental to this success. The market's positive response following the rights issue further highlights the increasing interest and confidence in our strategic market positioning.

Bladder Cancer

In the third quarter, we have communicated new findings showing that Alpha1H triggers a potent immune response in patients with bladder cancer.  A rapid and sustained increase in multiple immune proteins was detected by advanced analysis technology. This is of significant interest, as immune responses with an anti-tumor profile can be highly protective. The findings add a new dimension to the mechanism of action of Alpha1H. The beneficial profile of this immune response is shown by a lack of significant side effects, in contrast to other drugs such as BCG (Bacillus Calmette-Guerin). These findings, which are published in the journal Cancer Medicine, strengthens the potential of Alpha1H as a new investigational drug for the treatment of bladder cancer.

The company has recently secured large-scale production of the Alpha1 peptide from the Polypeptide Group, which will be essential for the advance towards Phase III trials.

Bladder Pain Syndrome

Results from the ongoing phase II trial on Bladder Pain Syndrome has shown promising results, supporting the use of anakinra in this patient group. The pain score was reduced after treatment, and the quality of life increased in this severely disabled patient group. In addition, laboratory tests showed a convincing reduction in pain molecules after treatment, suggesting a direct effect of treatment at the molecular level. The study is continuing to define anakinra as a treatment option in this patient group.

Strategic Alliances and Commercial Collaborations

To promote our growth and global reach, Hamlet BioPharma has entered into strategic collaborations with top international advisory firms. Alpha1H was the first asset identified, but the commercial collaborations may also include the immunotherapy projects. These partnerships are focused on enhancing our commercial strategies and broadening our networking within the industry to find new partnerships and strengthen existing ones. These alliances are important as they help in navigating the complex global regulatory and commercial landscapes and in exploring new opportunities.

We thank our shareholders, for their commitment to the company and trust in our vision. We also thank our competent, multinational team and our external partners and experts for their invaluable contributions.

Catharina Svanborg      Martin Erixon

Chairman of the Board     Chief Executive Officer

Significant events

On January 9, 2024, Immunotherapy – a new approach to treating bacterial infections, including antibiotic resistant strains. Hamlet BioPharma announced progress for the treatment of antibiotic resistant bacteria in a murine model relevant to human disease. The published paper clearly shows that treatment with the drug anakinra (IL-1RA) prevents severe infections of the urinary tract, including kidney infections that may cause sepsis. The treatment was efficient also against infections caused by antibiotic resistant bacteria, defining this therapy as an alternative or complement to antibiotics.

On January 10, 2024, Hamlet BioPharma featured in MSQ’s CEO Webinar series released during the JP Morgan Health Care Conference 2024. The company was presented to strategic partners and financial investors from the global-regional biopharma community. The video presentation is available at the company´s website: https://hamletbiopharma.com/news/media-archive/.

On January 22, 2024, Hamlet BioPharma AB published a prospectus in connection with the rights issue, which had been approved and registered by the Financial Supervisory Authority in Sweden.

On January 23, 2024, Hamlet BioPharma invited to digital investor meetings taking place on the 25th and 30th of January, 2024. Videos from the meetings are available at the company ́s website: https://hamletbiopharma.com/news/media-archive/

On January 25, 2024, Hamlet BioPharma announced that the board members, management and advisors who are shareholders would use their subscription rights pro rata. 

On January 25, 2024, Hamlet BioPharma published a new analyses of clinical data from patients with bladder cancer treated with Alpha1H showed a strong immune response with anti-tumor effects. In addition to killing tumor cells and inducing tumor cell shedding, Alpha1H activated a broad immune response, with a strong protective potential against cancer. The manuscript describing this study was submitted for publication.

On February 9, 2024, Hamlet BioPharma AB announced that the company will receive a total of approximately MSEK 46.7 through a rights issue, before deduction of issue costs. Hence, the Company achieved the goal of the issue and was provided with the capital needed for continued development.

On February 14, 2024, Hamlet BioPharma Entered into Commercial Collaborations with Top International Advisory Firms to Enhance Partnering and Strategic Alliances. The advisory firms will offer expert support to Hamlet BioPharma, leveraging their global networks and deep industry knowledge to identify and negotiate potential partnerships for commercial opportunities and strategic alliances.

On February 21, 2024, Hamlet BioPharma invited to digital press briefing due to the Q2 report taking place on February 22, 2024. The video presentation is available at the company ́s website: https://hamletbiopharma.com/news/media-archive/

On February 22, 2024, Hamlet BioPharma published the Q2 Interim report October – December 2023.

On February 22, 2024, Hamlet BioPharma announced the last day of trading with BTA in the ongoing rights issue.

On March 6, 2024, Hamlet BioPharma announced that the company will participate in the Swiss Nordic Bio 2024 conference set to take place in Zurich on March 7, 2024. The conference serves as a platform for collaboration and investment opportunities among Europe’s leading executives from the biotech and pharmaceutical sectors.

On March 27, 2024, Hamlet BioPharma initiated a new series of digital events aiming to provide insights into the project portfolio’s strong development pipeline, the advanced technologies and the committed and highly competent group of individuals that moves the company forward. The first three presentations are scheduled for April 9th, May 8th, and June 12th.

Significant events after the third quarter

On April 3, 2024, Immune responses in patients treated with Alpha1H – results published in the journal Cancer Medicine. Hamlet BioPharma announced on January 25 that clinical data showed a strong immune response with anti-tumor potential in Alpha1H-treated patients with bladder cancer. The submitted manuscript was  approved and published in Cancer Medicine.

On April 11, 2024, Alpha1H to be the first asset for the commercial collaboration. The commercial collaborations with Top International Advisory Firms will start with the Alpha 1H Investigational new drug

On April 18, 2024, Hamlet BioPharma secures large scale Alpha1 peptide production in an agreement with Polypeptide Group. The new production, at a larger scale, will be essential for the clinical trial program in bladder cancer, currently advancing towards Phase III.

On May 6, 2024, Clinical data from patients with bladder pain syndrome support anakinra (IL1-RA) as a new, successful treatment option. The company announced that a significant proportion of the patients with bladder pain syndrome (severe pain in the urinary bladder), treated with anakinra in a placebo-controlled study, have responded positively to the treatment.

Company overview

Hamlet BioPharma - the pharmaceutical company with a strong portfolio of projects for the treatment of cancer and infections – has three projects in phase II clinical trials.

Hamlet BioPharmas pipeline.

Rights issue 2024

In the beginning of the third quarter, Hamlet BioPharma AB successfully completed a rights issue of B shares, securing approximately MSEK 46.7 in new capital. With strong investor confidence, about MSEK 13 of the issue was subscribed in advance through subscription commitments. Technically, the rights issue amounted to MSEK 80.

The subscription period for the Rights Issue ended on February 7, 2024. The Rights Issue was subscribed to approximately MSEK 46.7 with or without the support of subscription rights. B-shares, corresponding to approximately MSEK 32.7, were subscribed with the support of subscription rights and B-shares, corresponding to approximately MSEK 14, were subscribed without the support of subscription rights. Hamlet BioPharma thus achieved the goal of raising about MSEK 40, which is the capital needed for continued development. Hamlet BioPharma intends to use the net proceeds from the Rights Issue to drive the development of Alpha1H as a drug against bladder cancer, the IL-1 receptor antagonist as a treatment for bladder pain and acute cystitis and to develop promising new substances in the pipeline up to clinical studies.

Summary of raised capital

Since its initial public offering in 2015, Hamlet BioPharma has successfully attracted new capital from shareholders and investors on separate occasions, with a total of 239 MSEK. As shown below, Hamlet Pharma and SelectImmune were initially funded separately but are now merged to form Hamlet BioPharma. Each funding event has played a significant role in bringing the company fresh capital to take innovative treatments through our formal competence-driven drug development to the clinic. The total of raised capital is quite low, in view of the advanced clinical stage of the lead compounds and the extensive patient portfolio, consistent with the development strategy, competence and vision of the company.  

Investor relations

Hamlet BioPharma’s drug development projects each have a clear story, addressing a significant medical need with the help of new molecular discoveries and drug development tools. To tell these stories and explain the progress made, we have intensified our focus on investor relations, aiming to ensure regular communication and transparency. Our press releases and newsletters highlight major advances. Other communications and digital meetings provide opportunities for direct communication and discussions of different topics with the interested public.   

A list of the presentations and digital meetings is shown below, including a link to each event, posted on the company website.

2023-10-09 Hamlet BioPharma holds a digital investor meeting.

2023-10-25 Financial Stockholm Market event - Hamlet BioPharma presents in Stockholm.

2023-12-12 Invest Live by Investor Target and Stockpicker - Hamlet BioPharma presents digitally.

2024-01-10 Hamlet BioPharma featured at MSQ’s CEO Webinar series released during the JP Morgan Health Care Conference 2024.

2024-01-16 Invest Live by Investor Target and Stockpicker – Hamlet BioPharma presents digitally.

2024-01-25 Hamlet BioPharma holds a digital investor meeting.

2024-01-26 ProHearings – Hamlet BioPharma presents in Stockholm

2024-01-30 Småbolagspodden – Interview with Hamlet BioPharma.

2024-01-30 Hamlet BioPharma holds a digital investor meeting featuring Adam Harris representing our US partner for FDA communication.

2024-02-22 Pressträff Direkt - Hamlet BioPharma holds a press conference in connection with the Q2 report.

2024-03-07 Swiss Nordic Bio 2024 - Hamlet BioPharma presents in Zurich

2024-03-26 Økonomisk Ugebrev’s Life Science Investor Konference 2024 - Hamlet BioPharma presents in Copenhagen.

2024-04-09 Hamlet BioPharma holds Series of digital events #1.

2024-05-08 Hamlet BioPharma holds Series of digital events #2.

2024-05-24 Pressträff Direkt - Hamlet BioPharma holds a press conference in connection with the Q3 report.

2024-05-30 Upcoming – Biostock, The Global Forum – Hamlet BioPharma presents in Lund.

2024-06-12 Upcoming - Hamlet BioPharma holds Series of digital events #3

Clinical projects

I. Alpha1-oleate for bladder cancer

Hamlet BioPharma is developing an entirely new class of anti-cancer therapeutics for multiple cancer indications based on the discovery of its proprietary drug complex HAMLET (‘Human Alpha-lactalbumin Made Lethal to Tumor cells’). HAMLET is derived from the human breast milk protein, alpha-lactalbumin, and represents a groundbreaking therapeutic solution with high tumor-killing capacity, high target specificity, killing >40 different types of tumor cells and no demonstrated toxicity. As such, it has the potential to revolutionize cancer treatment. 

Hamlet BioPharma is now advancing the second-generation drug product of HAMLET, called ‘Alpha1H’, along the clinical development pipeline as anti-cancer therapeutic for early stage bladder cancer (non-muscle-invasive bladder cancer, NMIBC). The company is focusing on NMIBC given the unmet need for new, more effective and safe treatment options in this large and growing patient group. Bladder cancer has the highest recurrence rates (70%) and treatment costs per patient among all cancer types (total costs in Europe: >€4.9 billion). Hamlet BioPharma is currently developing the clinical trial program for Alpha1H in NMIBC patients towards Phase III trials. In view of its broad anti-cancer effects, there is significant interest to also develop Alpha1H for other cancer indications.

Strong anti-tumor effects detected in Alpha1H-treated patients, for a combination of clinical and molecular endpoints.

The combined data analysis from the two clinical study parts has now been completed, including extensive laboratory analyses of patient samples. The results, which have been submitted for publication, are summarized below. 

1. Reduction in tumor size 

Treatment resulted in a complete or partial response in 82% of the tumors treated with 8.5 mM and in 45% treated with 1.7 mM of Alpha1H. 

2. Changes in the tumor 

• Treatment resulted in tumor fragmentation and release of fragments and cells into the urine. This effect increased markedly with the higher dose of Alpha1H. 
• The tumor cells died by apoptosis, after taking up Alpha1H. 
• Tissues left in the patient after treatment had lost their tumor characteristics and become more “healthy-like”, as shown by gene expression analysis. 

Fast track designation for Alpha 1H in bladder cancer treatment

The company has recently received the FDA Fast Track Designation for Alpha1H, our drug candidate for non-muscle invasive bladder cancer. In collaboration with our American associate, Target Health, we reached this essential milestone marked by the FDA's 'Fast Track Granted' notification in November 2023. This achievement builds on the momentum already gained from the FDA's earlier approval of the investigational new drug application (IND) for Alpha1H in July 2023.

Alpha1H stands out for its anti-cancer efficacy, derived from a synthetic version of the HAMLET protein-lipid complex, and has demonstrated its ability to target and eliminate cancer cells with high precision, all while maintaining a clean safety profile without severe toxicity in our studies. This Fast Track Designation grants a range of strategic advantages, including more intensive guidance from the FDA during the clinical development phase for Alpha1H in bladder cancer. Hence, it brings Alpha1H closer to the U.S. market and is strengthening the company’s position for discussions with potential commercial partners.

Alpha1H activates a broad immune response with strong anti-tumor potential in bladder cancer patients

in the third quarter the company announced the important finding of a strong positive immune response in patients treated with Alpha1H. An immune response with strong anti-tumor potential was identified in the bladder of treated patients, using advanced technology for protein identification. This immune response was rapidly activated by Alpha1H after the first treatment and persisted during the one-month treatment period. The immune response was found to also increase with the treatment dose.

The activation of the immune response is an important addition to understanding the mechanism of action, explaining the potency of Alpha1H. Through the immune response, the tumor can be attacked and neutralized, as Alpha1H creates a multifunctional treatment environment in the tissue. The manuscript describing this study is under revision for publication.

Hamlet BioPharma is now proceeding with the third part of the ongoing clinical trial in Prague with Alpha1H in bladder cancer patients. The results of the study will be used to optimize the design further for the Phase III clinical trials in dialogue with the FDA.

II. Immunotherapy – a new approach to treating bacterial infections

In parallel with Alpha1H, Hamlet BioPharma is focusing on developing new drugs for the treatment of infection and inflammation. The company is developing immunotherapy against bacterial infections as an alternative to antibiotics. Two Phase II studies on immunotherapy are ongoing; one focusing on bladder pain, which is a difficult-to-treat condition defined by chronic pain, and the second is focusing on recurrent acute cystitis.

Bladder Pain Syndrome

Patients with bladder pain syndrome have severe pain, which is socially debilitating.  Broadly used pain killers are not effective. Some patients are helped by morphine or surgery, but often without lasting effects. The use of the substance anakinra (IL-1RA), which is patented by the company for the treatment of pain conditions in the bladder, has shown promising effects in patients receiving off-label treatment. In the fourth quarter, the first part of a controlled clinical trial in patients with bladder pain syndrome (severe pain in the urinary bladder) has been completed. A significant proportion of the patients treated with anakinra have responded positively to the treatment. The pain score was reduced after treatment and the quality of life increased in this severely disabled patient group. In addition, laboratory tests showed a convincing reduction in pain molecules after treatment, suggesting a direct effect of treatment at the molecular level.

Recurrent acute cystitis

In a recently published paper, the company's use of the drug anakinra in an animal model was shown to prevent serious urinary and kidney infections, which are very common and could lead to sepsis. As such, anakinra has the potential to function as an alternative or complement to antibiotics, with demonstrated efficiency even against antibiotic-resistant bacterial strains. This approach opens up possibilities to treat antibiotic-resistant bacteria and shifts the focus from direct bacterial elimination to boosting the host's antibacterial defenses, offering an alternative solution to the growing global health threat of antibiotic resistance as identified by the WHO. A clinical Phase II trial of anakinra (IL-1RA) in recurrent acute cystitis is ongoing in collaboration with international specialists in Germany. 

III. Business development

Hamlet BioPharma has entered into commercial collaborations with two premier international advisory firms within the healthcare sector, who have acted as advisors on numerous deals for companies worldwide. Leveraging their global networks and deep industry knowledge, these advisory firms offer expert support to negotiate commercial partnerships and strategic alliances. Due to their analytics and networks of contacts from innovators to ‘’Big-Pharma’’ the advisory firms are uniquely placed to support deal making and strategic planning.

During the third quarter, Hamlet BioPharma has provided all necessary background materials, produced teasers and presentations and initiated discussions with interested parties. Conversations with potential licensing partners are ongoing.

The period in summary

THE PARENT COMPANY THIRD QUARTER, JAN 1, 2024-MAR 31, 2024

– Net sales totaled KSEK 0 (0)

– Other operating income totaled KSEK 0 (0)

– Loss before tax amounted to KSEK -11,797 (-5,481)

– Loss after tax amounted to KSEK -11,797 (-5,481)

– Loss per share* was SEK -0.0703 (-0.0496)

THE PARENT COMPANY FIRST NINE MONTHS, JUL 1, 2023-MARCH 31, 2024

– Net sales totaled KSEK 0 (0)

– Other operating income totaled KSEK 30 (0)

– Loss before tax amounted to KSEK -28,781 (-17,312)

– Loss after tax amounted to KSEK -28,781 (-17,312)

– Loss per share* was SEK -0.1716 (-0.1566)

– On March 31, 2024, the equity/assets ratio** was 94.3 (84.3) %

THE GROUP THIRD QUARTER, JAN 1, 2024-MARCH 31, 2024

– Net sales totaled KSEK 0 (0)

– Other operating income totaled KSEK 0 (0)

– Loss before tax amounted to KSEK -12,296 (-5,481)

– Loss after tax amounted to KSEK -12,296 (-5,481)

– Loss per share* was SEK -0.0733 (-0.0496)

THE GROUP FIRST NINE MONTHS, JUL 1, 2023-MARCH 31, 2024

– Net sales totaled KSEK 0 (0)

– Other operating income totaled KSEK 30 (0)

– Loss before tax amounted to KSEK -30,278 (-17,312)

– Loss after tax amounted to KSEK -30,278 (-17,312)

– Loss per share* was SEK -0.1805 (-0.1566)

– On March 31, 2024, the equity/assets ratio** was 94.1 (84.3) %

Amounts in parentheses above and below indicate the corresponding value in the preceding year.

* Profit/loss after tax for the period divided by 167,762,902 (110,529,666), respectively, where 167,762,902 is the number of shares outstanding on March 31, 2024, The comparative figure in parentheses was the number of shares on March 31, 2023.

** Equity divided by total capital.

Revenue and earnings

The costs for the merged companies Hamlet Pharma and SelectImmune Pharma reflect the larger project portfolio and the costs of the three clinical trials in Phase II.

Hamlet BioPharma’s net sales amounted to KSEK 0 (0) during the third quarter, and to KSEK 0 (0) during the first nine months. Other operating income amounted to KSEK 0 (0) during the quarter, and to KSEK 30 (0) during the first nine months. Costs were

related to the continued drug development activities of the research team at Lund University. The team at Lund University is also responsible for the development of manufacturing methods, stability testing, and chemical and functional characterization of existing and new drug substances and plays a key role in the

coordination of laboratory testing in the clinical trial. Costs were also related to manufacturing of the Alpha1H drug candidate, for use in ongoing and forthcoming clinical trials. Costs in the group accounting consists of depreciation of patent from the acquirement of Linnane Projects AB.

Loss before tax for the parent company for the third quarter was KSEK -11,797 (-5,481), and for the first nine months KSEK -28,781 (-17,312). Loss before tax for the group for the third quarter was KSEK -12,296 (-5,481), and for the first nine months KSEK -30,278 (-17,312).

Financial position

During the quarter, the company carried out a very successful new share issue, which added KSEK 42,453 to the company after deducting issue costs of KSEK 4,314.

At the end of the third quarter, the equity/assets ratio was 94,3 (84,3) %, and the Company’s cash and cash equivalents were KSEK 31,551 (22,909).

Investments

The Company does not capitalize expenses for research and development as assets, since the Company is in a drug development stage. Drug development costs are therefore recognized as operating expenses in the income statement.

Depreciation

During the quarter, depreciation of equipment amounted to KSEK 107 (0), and the depreciation of patents from the merger with SelectImmune Pharma AB amounted to KSEK 2,021 (0).

In the group, depreciation of patents, including the acquisition of Linnane Projects AB, amounted to KSEK 2,520 (0) during the quarter.

Employees

The company had the equivalent of 7 (5) full-time employees during the quarter

The share

The Company’s shares have been traded on Spotlight Stock Market since October 23, 2015. The share is traded under the short name “HAMLET B” with ISIN code SE0015661152.

At the extraordinary general meeting in Hamlet Pharma AB on March 2, 2021, it was decided that the company’s common shares would undergo a split with relation 3:1 and would be reclassified as A- and B-shares. The B-shares will be traded on Spotlight Stock Market. The A-shares will not be listed. Each A-share entitles to ten votes and a B-share entitles to one vote. Furthermore, it is possible for shareholders to convert A-shares to B-shares, which can be traded on Spotlight Stock Market. This conversion program is ongoing with no current deadline. This means that the ratio between A- and B-shares will change over time.

As of March 31, 2024, the number of shares registered at the Swedish Companies Registration Office (Bolagsverket) totaled 167,762,902. As of April 11, 2024, the registered current ratio of shares was 39,997,326 A-shares and 127,765,576 B-shares.

Subscription warrants

The company had no outstanding warrants as of March 31, 2024.

Transactions with related parties

During the quarter, KSEK 1,370 (Hamlet Pharma: 630, SelectImmune Pharma: 495) was paid to Linnane Pharma AB, of which KSEK 0 (Hamlet Pharma: 105) refers to consulting fees, KSEK 0 (Hamlet Pharma: 525, SelectImmune Pharma: 375) refers to the old agreement about the technology platform, KSEK 1,250 (0) refers to the new co-operation agreement and KSEK 120 (Hamlet Pharma: 0, SelectImmune Pharma: 120) refers to patent license.

The consulting fees to Linnane Pharma refers to compensation for the collaboration agreement access to advanced science and cutting-edge technology for drug development. The collaboration means that the Linnane Pharma's technology platform and other resources are available to Hamlet BioPharma. Hamlet BioPharma is a subsidiary company of Linnane Pharma AB, which owns 36.31% of the capital and 76.26% of the votes of Hamlet BioPharma.

Furthermore, salaries and allowances to board and management were paid during the period. Transactions with related parties is on market terms.

Significant risks and uncertainties

The Board's assessment of significant risks and uncertainties is unchanged compared with the most recent financial year and are described in the most recently published annual report (2023-06-30).

Basis of preparation for the interim report

The Company prepares its accounts in accordance with the Swedish Annual Accounts Act and the K3 framework (BFNAR 2012:1) of the Swedish Accounting Standards Board.

The company's accounting principles are unchanged compared with most recent financial year and are described in the most recent published annual report (2023-06-30).

On March 31st, 2023, Hamlet BioPharma acquired Linnane Projects AB from Linnane Pharma AB and the patents and know-how regarding a new peptide-based drug against tuberculosis as well as the know-how required to develop the project. In accordance with Spotlight's regulations, consolidated accounts of Linnane Projects and Hamlet BioPharma are drawn up.  The quarterly report is prepared with the parent company’s accounting in focus. In texts, the group is only commented on if something differs significantly from the parent company.

Review

This interim report has not been audited.

Financial calendar

Year-end report for 2023/2024 August 28, 2024

Annual Report for 2023/2024 October 31, 2024

Interim report for Q1, 2024/2025 November 15, 2024

Annual General Meeting for 2023/2024 November 21, 2024

Income Statement : The Parent Company

Balance Sheet : The Parent Company

Cash Flow Statement : The Parent Company

Equity : The Parent Company

 Income Statement : The Group

Balance Sheet : The Group

Cash Flow Statement : The Group

Equity : The Group

The Board of Directors and the Chief Executive Officer assure that the interim report provides a true and fair view of the Company's operations, position, and results.

Malmö, May 24 , 2024

 Catharina Svanborg Martin Erixon

 Chairman of the Board CEO

 Bill Hansson Helena Lomberg

 Board member Board member

 Magnus Nylén Elisabeth Parker

 Board member Board member

 Ulla Trägårdh 

 Board member