Correction: Mashup Ireland AB ("Mashup") reports record revenues and adjusted EBITDA of EUR 325k (SEK 3.7m) for the second half of 2024
Correction: The previous press release did not include information about the EU Market Abuse Regulation which has been added in the corrected version.
Ireland – March 31, 2025, Mashup, is pleased to publish its H2 2024 Interim Report for July - December 2024.
Highlights for the period include:
- For the period July – December 2024, revenue was kSEK 70,121 (EUR 6.1m) , an increase of 56% year on year.
- Adjusted EBITDA for July – December was SEK 3.7m (EUR 0.3m) compared to -kSEK 1,773 (-EUR 0.16m) for the same period in 2023. This is an improvement of kSEK 5,485.
- Total Assets for the Company were SEK 289 million (EUR 25.1 million), with Net Assets being SEK 164.8 million (EUR 14.3 million).
- During the period, the Company continued to develop its strategy of investing in Irish SMEs by adding Autofulfil, Dessert First, Old Mill and Fettle. This was in addition to the acquisition of Mashup PLC during the first half of the year.
- The Company was also able to support Kollect (recycling and waste group) with its acquisition of the Pink Recycling Group in Q3 2025, increasing the group’s annual revenue to more than SEK 186m (EUR 17m) per annum.
- The Company disposed of 53% of its interest in the Kollect Group. The disposal was to a management team, led by the Kollect CEO, John O’Connor.
- The Company also supported MFC foods in the completion of its acquisition of the Old Mill bakery business in Q3 2024.
- During the period, the Company welcomed Finbarr Hutcheson and Fearghal Power to the Board, whilst John O’Connor resigned to focus on Kollect.
Please click on the link below for a copy of the full report.