White Pearl Technology Group Appoints Vikas Gupta as New Chief Operating Officer
Stockholm, Sweden – 2025-05-27 White Pearl Technology Group AB (WPTG) announces the appointment of Vikas Gupta as Group Chief Operating Officer.
The strategic leadership change supports WPTG’s continued global expansion and operational excellence initiatives. The details are as follows:
- Vikas Gupta appointed as Group Chief Operating Officer
- Ibrahim Srour to focus on strategic Middle East operations
- Appointment effective immediately
- Focus on operational optimisation and cross-subsidiary collaboration
- Strategic emphasis on partnership expansion and revenue growth
Vikas Gupta, who previously served as Chief Investment Officer at WPTG, brings extensive experience in operational strategy and cross-market collaboration. In his new role as COO, Gupta will oversee daily operational functions across all geographies while implementing strategic initiatives designed to enhance efficiency and drive growth.
Marco Marangoni, CEO of White Pearl Technology Group, commented: “Vikas’s appointment as COO represents a natural progression given his deep understanding of our business model and proven track record in driving operational excellence. His strategic vision for optimising our global operations while strengthening client relationships positions WPTG for sustained growth. Simultaneously, Ibrahim Srour will take on an expanded role focused on our Middle East operations, leveraging his extensive regional expertise and established relationships to drive growth in this strategically important market.”
Strategic Operational Focus
Under Gupta’s leadership, WPTG will implement several key operational initiatives:
Operational Excellence: Enhanced resource utilisation and efficiency optimisation across all subsidiaries, focusing on streamlined processes and improved productivity metrics.
Client Engagement Enhancement: Increased C-level engagement with key clients across subsidiaries, strengthening relationships and identifying new collaboration opportunities.
Cross-Subsidiary Collaboration: Active alignment on budgets and opportunities, promoting knowledge sharing and joint initiatives between WPTG companies.
Partnership Expansion: Strategic focus on securing additional technology partnerships and licensing agreements to enhance service offerings and market reach.
Performance Management: Implementation of comprehensive incentive plans tied to budget achievement and performance tracking across all business units.
Vikas Gupta, newly appointed COO, stated: “I’m excited to take on this expanded role at such a pivotal time for WPTG. Our focus will be on creating operational synergies across our global network while ensuring each subsidiary can leverage the full strength of our group. Through enhanced interdepartmental communication, strategic partnerships, and performance-driven initiatives, we’ll unlock new levels of efficiency and growth. The integration of our smaller business units with our larger operations presents significant opportunities for cross-pollination and value creation.”
Background and Experience
Vikas Gupta brings substantial experience in operational strategy and investment management to his new role. As Chief Investment Officer, he played a crucial role in WPTG’s strategic acquisitions and expansion initiatives across multiple markets. His deep understanding of emerging market dynamics and technology sector trends has been instrumental in guiding WPTG’s growth strategy.
Gupta’s operational philosophy emphasizes collaboration, efficiency, and strategic partnership development. His experience spans multiple geographies and technology sectors, making him well-positioned to lead WPTG’s diverse global operations.
Strategic Middle East Focus
Concurrent with Gupta’s appointment, Ibrahim Srour will assume an expanded role focused on WPTG’s Middle East operations. This strategic repositioning recognises the significant growth potential and importance of the Middle East market to WPTG’s global expansion strategy. Srour’s deep regional expertise and established client relationships position him to capitalise on emerging opportunities across Saudi Arabia, UAE, Qatar, and Egypt.
The Middle East region has been a key growth driver for WPTG, with recent contract wins exceeding $2 million and strong performance across multiple industry sectors. Srour’s focused leadership in this region will enable WPTG to further strengthen its market position and pursue strategic expansion opportunities.
This appointment reinforces WPTG’s commitment to operational excellence and strategic growth as the company continues to expand its global footprint and enhance service offerings across its 30+ country network.
Communiquè from the AGM of White Pearl Technology Group
Stockholm 20th May, 2025. White Pearl Technology Group AB (WPTG) held its Annual General Meeting today, May 20. Below is a summary of the material decisions made at the meeting.
- The meeting resolved to approve the income statement and balance sheet, as well as the consolidated income statement and consolidated balance sheet, and to allocate the company’s loss according to the adopted balance sheet.
- The meeting resolved to grant discharge from liability to the board members and the CEO.
- The meeting resolved that the board shall consist of four regular board members and that an authorized auditor be elected for the company.
- The meeting re-elected the chairman Sven Otto Littorin as weel as board members Arne Nabseth and Marco Marangoni (also CEO of the company). Jari Koister was elected as new board member. Anna Weiner Jiffer had declined re-election.
Jari Koister, born 1965, holds a Ph.D. in Technology and an MS in Math and Computer Science. He also has a position of Professor of Data Science at the University of California, Berkeley. He brings a strong track record of transforming and scaling organizations while uncovering new market opportunities in data, AI, machine learning, and cloud services. He has held senior leadership roles at FICO, Oracle, Twitter, Salesforce, and CommerceOne, where he combined deep technical expertise with strategic vision to drive innovation, accelerate growth, and deliver measurable business impact.
- The non-executive board members will each be remunerated with SEK 200,000, and the chairman with SEK 500,000.
- The authorized auditor Johan Kaijser was re-elected as the company’s auditor.
- Resolution on authorization
The meeting resolved that the board, on one or more occasions until the next Annual General Meeting, may resolve on new issues of shares (a maximum of 27,000,000 series B shares) and warrants (a maximum of 1,000,000, giving the right to subscribe for a maximum of 1,000,000 series B shares). The board shall be able to resolve on issues of shares and warrants against cash payment, with deviation from the shareholders’ preferential rights and/or with a provision for payment in kind, set-off, or otherwise subject to conditions in accordance with Chapter 2, Section 5, second paragraph, items 1-3 and 5 of the Swedish Companies Act.
This information was submitted for publication through the agency of the board on the 20th of May 2025, at 12.00 CEST.
The Company’s Certified Adviser is Amudova.
WPTG Strengthens Nordic Growth Strategy with Expanded Leadership Team and Confirmed Financial Targets
Stockholm, Sweden – May 16, 2025 – White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTCQX: WPTGF) today announced a comprehensive strategy for accelerated Nordic expansion, the appointment of Tony Lydén as Executive Vice President Nordics, confirmation of its Vision 2028 financial targets, and strategic changes to its executive team to support global growth initiatives.
Nordic Expansion Strategy
Following the successful acquisitions of Lumin4ry AB and Nuport Sverige AB, WPTG is implementing a comprehensive plan to establish a dominant position in the Nordic technology services market over the next three years. The strategy combines targeted acquisitions, organic growth opportunities, and the deployment of WPTG’s global portfolio of proprietary solutions across the region.
“The Nordic market represents a strategic priority in our global expansion plan,” said Marco Marangoni, CEO of White Pearl Technology Group. “With our recent acquisitions providing a solid foundation, we’re now focused on scaling our regional capabilities through a combination of organic growth and selective acquisitions of complementary businesses across Sweden, Denmark, Norway, and Finland.”
WPTG aims to grow on its existing footprint in the Nordics by investing in taking more group solutions and IP, which are relevant to the Nordics to the market.
Investment in sales capacity, identifying market and client segments, developing Nordic-specific localisation of its custom-made ERP, Big Data and AI solutions. Talks are ongoing on leveraging out of Sweden into markets like Denmark and Norway.
WPTG’s large global delivery engine, powered by a Swedish front end, is another angle of organic expansion.
The company will also seek further acquisition opportunities in the region that will complement the global solution stack and specifically accelerate identified market opportunities.
The Nordic expansion strategy aims to create a balanced portfolio of delivery capabilities, sector specialisations, and customer bases aligned with the company’s high-value offerings in AI, data analytics, cloud transformation, and enterprise solutions.
Leadership Appointment
To drive the execution of this strategy, WPTG has appointed Tony Lydén as Executive Vice President Nordics. Mr. Lydén is currently CEO of Nuport AB and Chairman of the Board at Lumin4ry AB, two recent strategic acquisitions that have significantly strengthened WPTG’s presence in Sweden. In his new role, Mr. Lydén will lead all Nordic operations and spearhead the company’s regional growth initiatives.
“Based on my experience in building up Lumin4ry and Nuport and with the strength of the entire WPTG behind me, I’m looking forward to expanding our activities and continuing to increase revenue and profit throughout the Nordic region,” commented Tony Lydén. “The Nordic market presents substantial opportunities for our comprehensive digital transformation services, and I’m confident in our ability to capture significant market share in the coming years.”
Confirmed Vision 2028 Financial Targets
In conjunction with these strategic initiatives, WPTG has confirmed its previously announced Vision 2028 growth plan targets. The ambitious plan includes a 2028 revenue target of SEK 827 million while maintaining robust EBITDA margins above 17%, reflecting the company’s confidence in its long-term growth trajectory.
Confirmed Financial Targets
| Year |
Revenue (MSEK) |
EBITDA Margin |
EBITDA (MSEK) |
| 2025 (E) |
470 |
15.4% |
72.38 |
| 2026 (E) |
572 |
16.1% |
92.09 |
| 2027 (E) |
694 |
17.0% |
117.98 |
| 2028 (E) |
827 |
17.1% |
141.42 |
Note: (E) denotes estimates. These figures include organic growth and planned acquisitions and exclude depreciation, interest, taxes, and write-offs.
Executive Team Realignment
As part of the company’s focus on regional growth initiatives, Ibrahim Srour, currently Chief Operating Officer, will transition from his global role to focus exclusively on accelerating the company’s expansion in the Middle East, one of WPTG’s fastest-growing markets.
“Given the vigorous expansion envisaged in our Vision 2028 plan, we’ve determined that focused regional leadership is essential to achieving our ambitious targets,” said Marco Marangoni. “Ibrahim Srour’s deep expertise and established network in the Middle East make him the ideal person to drive our growth in this critical region, while Tony Lydén takes the helm of our Nordic operations.”
The company will announce additional regional leadership appointments in the coming weeks as it continues to align its organizational structure with its global growth strategy.
-end-
Jari Koister nominated to the Board of White Pearl Technology Group
Stockholm, Sweden – May 16, 2025. White Pearl Technology Group AB (Nasdaq First North Growth Market Stockholm: WPTG; OTCQX: WPTGF) today announced that the nomination committee has nominated Mr. Jari Koister to be elected to the Board of Directors at the May 20 Annual General Meeting.
As an executive technology leader, Mr. Jari Koister brings a strong track record of transforming and scaling organizations while uncovering new market opportunities in data, AI, machine learning, and cloud services. He has held senior leadership roles at FICO, Oracle, Twitter, Salesforce, and CommerceOne, where he combined deep technical expertise with strategic vision to drive innovation, accelerate growth, and deliver measurable business impact.
Solid background in entrepreneurship and technology
In addition to his professional expertise, Mr. Koister holds a Ph.D. in Technology and MS in Math and Computer Science. Mr. Koister has also a position of Professor of Data Science at the University of California, Berkeley.
“With a solid background in entrepreneurship and technology, Jari will bring invaluable expertise and experience to the Board of Directors in WPTG, further facilitating our path to profitable growth both organically and through acquisitions”, commented Mr. Ebrahim Laher, founder and main shareholder at WPTG. “Jari’ has a near perfect background to support our strategy which – as previously communicated – has set a target of 827 MSEK in global revenue with an EBITDA margin of >17% by the year 2028.”
As earlier announced, Mr. Sven Otto Littorin is proposed for re-election to the board and also proposed to be re-elected as chairman.
Current board members Arne Nabseth and Marco Marangoni is nominated för re-election while Mrs Anna Weiner Jiffer has declined re-election.
In the group proposed, Mr. Marco Marangoni is the CEO of WPTG, while the other proposed board members are independent in relation to the company, the management as well the major shareholders.
The nomination committee in WPTG is Mr. Ebrahim Laher and Mr. Bo Lindén, jointly representing a majority of shares in the company.
-end-
WPTG Appoints Tony Lydén as Head of Nordic Region
Stockholm, Sweden – May 09, 2025. White Pearl Technology Group AB (Nasdaq First North Growth Market Stockholm: WPTG; OTCQX: WPTGF) today announced the appointment of Mr. Tony Lydén as Executive Vice President Nordics.
Mr. Lydén is currently CEO of Nuport AB and Chairman of the Board at Lumin4ry AB, two Swedish IT services providers and recent strategic acquisitions by WPTG. These acquisitions have added a workforce of approximately 100 consultants and significantly increased WPTG’s footprint in Sweden. Mr. Lydén brings a successful track record of building ICT companies in the region over many years.
As Head of the Group’s activities in the Nordic region, Mr. Lydén will drive WPTG’s growth in the region organically and through acquisitions.
“Based on my experience in building up Lumin4ry and Nuport and with the strength of the entire WPTG behind me, I’m looking forward to expanding our activities and continuing to increase revenue and profit,” commented Tony Lydén.
Marco Marangoni, CEO of White Pearl Technology Group, stated: “Tony is ideally placed to strengthen WPTG’s presence in the Nordic countries, a prioritized market in our strategy which – as previously communicated – has set a target of 700 MSEK in global revenue with an EBITDA margin of >17% by the year 2028. The Vision 2028 plan reflects the accelerating momentum of our business model and the increasing demand for our digital transformation services across global markets. The Nordic business driven by Tony will be a key part of this.”
Following the successful acquisitions of Lumin4ry and Nuport, WPTG is committed to a sustained and strategic expansion across the Nordic region over the upcoming years. The ambition of the Group is to build on this momentum through a combination of targeted acquisitions, organic growth, and the adoption of WPTG’s global portfolio of proprietary solutions.
Acquisitions and Organic Growth
WPTG intends to selectively acquire complementary businesses across Sweden, Denmark, Norway, and Finland that offer strong delivery capabilities, sector specialisation, or customer bases aligned with the company’s high-value offerings in AI, data analytics, cloud transformation, and enterprise solutions. These acquisitions will not only expand the regional footprint but also accelerate synergies with existing IP and managed service platforms. At the same time, WPTG is investing in organic growth by deepening local client relationships, scaling delivery centres, and cross-selling group-wide innovations to Nordic enterprises looking for global reach with local expertise.
A core pillar of the planned expansion is the Nordic deployment of WPTG’s global IP assets, particularly in predictive analytics, intelligent automation, and resource solutions. By embedding proven solutions into local operations, WPTG aims to create strong recurring revenue streams and increase the stickiness of client engagements. In parallel, the company is integrating its international capabilities – including centres of excellence and domain-specific consultants – to enhance solution delivery and bring scalable innovation to the region. WPTG’s approach balances global strength with local responsiveness, ensuring the company becomes a trusted transformation partner for Nordic businesses and institutions in the years ahead.
CORRECTION: White Pearl Technology Group AB Q1 2025 Financial Report
CORRECTION NOTICE
White Pearl Technology Group AB (WPTG: Nasdaq First North) has issued a correction to its Q1 2025 financial report originally published on April 22, 2025. The corrections are necessary due to the erroneous inclusion of contracted future shares not yet issued.
The following information has been corrected:
· The number of shares as per March 31, 2025, was 27,848,476 (previously reported as 28,919,738)
· EPS for Q1 2025 is revised to 0.55 SEK, up 72% year-over-year (previously reported as 0.53 SEK)
· EPS for FY2024 is revised to 0.83 SEK (previously reported as 0.97 SEK)
· Total equity per March 31, 2025, was 144.7 MSEK (previously reported as 152.9 MSEK)
· Operating cash flow is 10.2 MSEK (previously reported as 16 MSEK)
· The balance sheet now includes a warrant reserve of +5.86 MSEK
WPTG Reports Strong Q1 2025 Results with 87.5% EBITDA Growth
White Pearl Technology Group AB (WPTG: Nasdaq First North) today announced its results for the first quarter of 2025, delivering record profitability as the Group’s strategic focus on proprietary technology solutions continues to scale.
EPS Increases to Record 0.55 SEK, Up 72% Year-on-Year as High-Margin Strategy Delivers.
Q1 2025 Financial Highlights:
- Revenue: SEK 98.91M (Q1 2024: SEK 83.76M)
- EBITDA: SEK 15.88M (Q1 2024: SEK 8.47M)
- EBITDA margin: 16.1% (Q1 2024: 10.1%)
- Earnings Per Share (EPS): 0.55 SEK (Q1 2024: 0.32 SEK)
Strategic Developments: The quarter marks an inflection point for WPTG, as the Group’s transformation into an AI- and data-driven technology provider reflects strongly in both revenue quality and margin performance. High-value offerings based on proprietary intellectual property and AI platforms contributed a growing share of total revenue, positioning the Group for sustainable, scalable growth.
Recent strategic acquisitions enhancing the Group’s capabilities include:
- Nuport Sverige AB and Lumin4ry AB in Sweden
- Significant investment to expand AI capabilities
In February 2025, WPTG listed on the OTCQX Best Market in the United States, expanding the company’s investor base and international visibility in support of global expansion plans.
Executive Commentary: “Our Q1 results demonstrate the outcomes of our long-term strategy: to build a high-margin, innovation-led technology group. Our proprietary AI and big data solutions are now being adopted by clients across multiple geographies, validating the strength of our IP and creating recurring revenue streams with enhanced profitability,” said Marco Marangoni, CEO of White Pearl Technology Group.
“We have achieved a Q1 EBITDA margin of 16.1%, the highest in our company’s history. This is a direct result of our strategic focus on IP-based offerings, AI services, and big data platforms, positioning WPTG as a leader in next-generation IT services.”
Business Highlights: WPTG’s proprietary platforms support public and private sector clients across emerging markets in areas such as:
- Predictive analytics and fraud detection
- AI-powered workflow automation
- Big data infrastructure for digital governance
The company remains committed to its five strategic growth pillars:
- Expanding Global Delivery Network
- Enhancing Proprietary Solutions & IP
- Advancing AI & Machine Learning capabilities
- Growing Business Process Outsourcing services
- Pursuing targeted Strategic Acquisitions
Forward Outlook: The shift towards emerging technologies positions WPTG for sustainable growth and improved margins through 2025 and beyond, with the Q1 performance demonstrating the company’s ability to deliver exceptional value. The company expects margin improvements to continue in the medium term, with additional product rollouts and contract wins expected in Q2 and Q3.
Forward-Looking Statements: This press release contains forward-looking statements that reflect the Company’s current views with respect to future events and financial and operational performance. These forward-looking statements may be identified by the use of forward-looking terminology, such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “project”, “target”, “aim”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and investments. All statements other than statements of historical facts included in this document are forward-looking statements. The Company undertakes no obligation to update these forward-looking statements.
For more information, please contact: IR Manager IR@whitepearltech.com Phone: +46 733 611000
The company’s Certified Adviser is Amudova AB, email: info@amudova.se, phone: +46 8 546 017 58.
About White Pearl Technology Group AB: White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in 18 countries and a team of 750 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.
White Pearl Technology Group publishes Annual Report 2024
The annual report refers to the White Pearl Technology Group AB operations from January 1, 2024, through December 31, 2024.
White Pearl Technology Group (WPTG), organisation no. 556939-8752 is a Swedish public limited company whose shares of series B are admitted to trading on Nasdaq First North Growth Market Sweden and are traded under the ticker WPTG B with ISIN code SE0019762477, since the 29th of June 2023. White Pearl Technology Group refers to the holding company and the 37 subsidiaries in 2024 that are part of the company group.
The AGM will be held on the 20th of May 2025 in Stockholm.
The Annual Report 2024 can be downloaded from https://whitepearltech.com/financial-reports/
This information was submitted for publication through the agency of the board on the 28th of April, 2025, at 22.30 CEST.
For further information, please contact:
Marco Marangoni, CEO, White Pearl Technology Group
marco.marangoni@whitepearltech.com
Peter Ejemyr, Vice President, Investor Relations, White Pearl Technology Group
peter.ejemyr@whitepearltech.com
The Company’s Certified Adviser is Amudova AB.
About White Pearl Technology Group
White Pearl Technology Group, based in Stockholm and listed on the Nasdaq First North Growth Market as WPTG, comprises 37 companies operating in the information technology space. These are diversified IT companies selling their solutions and products, as well as the services and products of third-party vendors. The group has a presence in more than thirty countries worldwide. The current focus of the group’s business is on emerging markets in Africa, Asia, the Middle East, and, to a lesser extent, Latin America. They also operate in more mature markets in Europe and the USA.
info@whitepearltech.com
Nybrogatan 34, 114 39 Stockholm, Sweden.
Certified Advisor: Amudova AB info@amudova.se +46 8 546 017 58
Notice of Annual General Meeting of White Pearl Technology Group
The shareholders of White Pearl Technology Group AB, reg. no. 556939-8752, are hereby invited to attend the Annual General Meeting on Tuesday, May 20, 2025, at 10:00 a.m. at Lunin4ry’s premises, Vasagatan 15-17, Stockholm.
To be entitled to participate in the Annual General Meeting, shareholders must:
– be registered as a shareholder in the share register maintained by Euroclear Sweden AB as of May 12, 2025, and
– notify the company of your and any proxies’ participation no later than May 14, 2025.
Notification of participation can be made in writing to White Pearl Technology AB, Box 5216, 102 45 Stockholm, by phone +46 733 611000, or by e-mail to ir@whitepearltech.com.
The notification should include the shareholder’s name/company name, personal or organisation number, address, phone number, and, where applicable, information about up to two assistants and/or representatives. Proxies, registration certificates, or equivalent authorization documents should be enclosed with the notification if required, for example in the case of legal entities.
Shareholders whose shares are nominee-registered must temporarily register the shares in their name in the share register maintained by Euroclear Sweden AB to be entitled to participate in the meeting. Such registration may be temporary (so-called ‘voting rights registration’) and should be requested through the nominee in accordance with their procedures in good time before May 14, 2025. Voting rights registrations completed by May 14, 2025, will be considered in the preparation of the share register.
Shareholders represented by a proxy must issue a written, dated proxy document. If the right to represent the shares is divided among several persons, the number of shares each proxy is entitled to represent must be specified. The proxy is valid for up to one year from issuance, or longer if specified, but not more than five years. If the proxy is issued by a legal entity, a certified copy of the registration certificate or equivalent document must be enclosed. Original proxy documents and any registration certificates should be sent to the company well in advance of the meeting at the address specified above. Proxy forms will be available on the company’s website no later than three weeks before the meeting.
Proposed Agenda
1. Election of the chairman of the meeting.
2. Preparation and approval of the voting register.
3. Approval of the agenda.
4. Election of one or two persons to verify the minutes.
5. Determination of whether the meeting has been duly convened.
6. Presentation of the annual report and the auditor’s report, as well as the consolidated accounts and the auditor’s report for the group.
7. Resolutions on:
a. Adoption of the income statement and balance sheet and, if applicable, the consolidated income statement and consolidated balance sheet.
b. Allocation of the company’s profit in accordance with the adopted balance sheet.
c. Discharge from liability for the board members and the CEO.
8. Determination of the number of board members and auditors.
9. Determination of fees to the board of directors and auditors.
10. Election of board members, chairman of the board, and auditor.
11. Resolution on authorisation.
12. Closing of the meeting.
Proposals for Resolutions
Item 1 – Election of chairman of the meeting
The board proposes that the chairman of the board, Sven Otto Littorin, be elected chairman of the meeting.
Item 7b – Allocation of the company’s profit
The board proposes that the company’s profit according to the adopted balance sheet be carried forward and that no dividend be distributed.
Items 8-10 – Election of the board of directors and auditor, etc.
It is proposed that the board shall consist of four (4) ordinary members until the end of the next Annual General Meeting. Re-election of Sven Otto Littorin is proposed, who is also proposed to remain chairman of the board.
Proposals from the nomination committee regarding other board members will be presented in a press release as soon as possible and no later than before the Annual General Meeting.
Board fees are proposed at SEK 500,000 for the chairman and SEK 200,000 for other members who do not receive a salary from the company.
The nomination committee proposes election of the audit firm GO Revision & Consulting AB with authorized auditor Johan Kaiser as the principal auditor until the end of the next Annual General Meeting.
Fees to the auditor are proposed to be paid in accordance with approved invoices.
Item 11 – Resolution on authorisation
The board proposes that the Annual General Meeting authorize the board to, on one or more occasions until the next Annual General Meeting, resolve on new issues of shares (a maximum of 27,000,000 series B shares) and warrants (a maximum of 1,000,000, giving the right to subscribe for a maximum of 1,000,000 series B shares). The board shall be able to resolve on issues of shares and warrants against cash payment, with deviation from the shareholders’ preferential rights and/or with a provision for payment in kind, set-off, or otherwise subject to conditions in accordance with Chapter 2, Section 5, second paragraph, items 1-3 and 5 of the Swedish Companies Act.
Other Information
In connection with the notification to attend the meeting, the company will process the personal data requested above. The information is obtained from the share register, the notification of participation, and details of proxies and assistants. The personal data is used for registration, preparation of the voting register, and, where applicable, minutes. More information on personal data processing is available in Euroclear Sweden AB’s privacy policy:
https://www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf
The annual report, auditor’s report, and other documents required under the Companies Act will be available to shareholders no later than three weeks before the meeting at the company’s address, Nybrogatan 34, 114 39 Stockholm, and on the company’s website www.whitepearltech.com. They will also be sent to shareholders who request them and provide their postal or email address.
Shareholders have the right to request information from the board of directors and the CEO at the meeting in accordance with Chapter 7, Section 32 of the Swedish Companies Act.
***
Stockholm, April 2025
White Pearl Technology Group AB
The Board of Directors
For further information, please contact:
Peter Ejemyr, Vice President, Investor Relations
E-mail: ir@whitepearltech.com
Phone: +46 733 611000
Certified Adviser: Amundova AB
About White Pearl Technology Group
White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF) is a global technology company specialising in digital transformation solutions. With a presence in 18 countries and a team of 750 experts, WPTG helps organisations navigate the complexities of the digital age with services ranging from ICT and systems integration to enterprise software and digital innovation.
CORRECTION: White Pearl Technology Group AB Q1 2025 Financial Report
CORRECTION NOTICE
White Pearl Technology Group AB (WPTG: Nasdaq First North) has issued a correction to its Q1 2025 financial report originally published on April 22, 2025. The corrections are necessary due to the erroneous inclusion of contracted future shares not yet issued.
The following information has been corrected:
· The number of shares as per March 31, 2025, was 27,848,476 (previously reported as 28,919,738)
· EPS for Q1 2025 is revised to 0.55 SEK, up 72% year-over-year (previously reported as 0.53 SEK)
· EPS for FY2024 is revised to 0.83 SEK (previously reported as 0.97 SEK)
· Total equity per March 31, 2025, was 144.7 MSEK (previously reported as 152.9 MSEK)
· Operating cash flow is 10.2 MSEK (previously reported as 16 MSEK)
· The balance sheet now includes a warrant reserve of +5.86 MSEK
WPTG Reports Strong Q1 2025 Results with 87.5% EBITDA Growth
White Pearl Technology Group AB (WPTG: Nasdaq First North) today announced its results for the first quarter of 2025, delivering record profitability as the Group’s strategic focus on proprietary technology solutions continues to scale.
EPS Increases to Record 0.55 SEK, Up 72% Year-on-Year as High-Margin Strategy Delivers.
Q1 2025 Financial Highlights:
- Revenue: SEK 98.91M (Q1 2024: SEK 83.76M)
- EBITDA: SEK 15.88M (Q1 2024: SEK 8.47M)
- EBITDA margin: 16.1% (Q1 2024: 10.1%)
- Earnings Per Share (EPS): 0.55 SEK (Q1 2024: 0.32 SEK)
Strategic Developments: The quarter marks an inflection point for WPTG, as the Group’s transformation into an AI- and data-driven technology provider reflects strongly in both revenue quality and margin performance. High-value offerings based on proprietary intellectual property and AI platforms contributed a growing share of total revenue, positioning the Group for sustainable, scalable growth.
Recent strategic acquisitions enhancing the Group’s capabilities include:
- Nuport Sverige AB and Lumin4ry AB in Sweden
- Significant investment to expand AI capabilities
In February 2025, WPTG listed on the OTCQX Best Market in the United States, expanding the company’s investor base and international visibility in support of global expansion plans.
Executive Commentary: “Our Q1 results demonstrate the outcomes of our long-term strategy: to build a high-margin, innovation-led technology group. Our proprietary AI and big data solutions are now being adopted by clients across multiple geographies, validating the strength of our IP and creating recurring revenue streams with enhanced profitability,” said Marco Marangoni, CEO of White Pearl Technology Group.
“We have achieved a Q1 EBITDA margin of 16.1%, the highest in our company’s history. This is a direct result of our strategic focus on IP-based offerings, AI services, and big data platforms, positioning WPTG as a leader in next-generation IT services.”
Business Highlights: WPTG’s proprietary platforms support public and private sector clients across emerging markets in areas such as:
- Predictive analytics and fraud detection
- AI-powered workflow automation
- Big data infrastructure for digital governance
The company remains committed to its five strategic growth pillars:
- Expanding Global Delivery Network
- Enhancing Proprietary Solutions & IP
- Advancing AI & Machine Learning capabilities
- Growing Business Process Outsourcing services
- Pursuing targeted Strategic Acquisitions
Forward Outlook: The shift towards emerging technologies positions WPTG for sustainable growth and improved margins through 2025 and beyond, with the Q1 performance demonstrating the company’s ability to deliver exceptional value. The company expects margin improvements to continue in the medium term, with additional product rollouts and contract wins expected in Q2 and Q3.
Forward-Looking Statements: This press release contains forward-looking statements that reflect the Company’s current views with respect to future events and financial and operational performance. These forward-looking statements may be identified by the use of forward-looking terminology, such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “project”, “target”, “aim”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and investments. All statements other than statements of historical facts included in this document are forward-looking statements. The Company undertakes no obligation to update these forward-looking statements.
For more information, please contact: IR Manager IR@whitepearltech.com Phone: +46 733 611000
The company’s Certified Adviser is Amudova AB, email: info@amudova.se, phone: +46 8 546 017 58.
About White Pearl Technology Group AB: White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in 18 countries and a team of 750 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.
White Pearl Technology Group’s Klarib Secures Landmark SEK 22 Million Contract with South Africa’s CSOS for Digital Transformation
White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF), a global supplier of cutting-edge solutions for digital transformation, today announced that its South African subsidiary, Klarib, has been awarded a five-year contract worth approximately SEK 22 million by the Community Schemes Ombud Service (CSOS) in South Africa to deliver an Enterprise Content and Document Management Solution (ECDMS).
CSOS, established under South Africa’s Community Schemes Ombud Service Act of 2011, oversees governance and dispute resolution within community schemes, ensuring transparency and accountability.
The web-based ECDMS will modernize CSOS’s operations amongst others by:
· Eliminating paper-based processes and reducing off-site storage costs.
· Enabling seamless, institution-wide access to unstructured data.
· Integrating with core business applications to enhance operational intelligence.
· Improving customer service through faster information retrieval.
· Ensuring data integrity, compliance, and full audit trails for records management.
Ashley De Klerk, Executive Vice President of White Pearl Technology Group, commented: “We are thrilled that CSOS has selected Klarib for this transformative project. This contract underscores our leadership in digital solutions and our commitment to replacing outdated systems with innovative, web-based platforms. By enhancing efficiency and data integrity, we’re empowering CSOS to better serve its community. This milestone also marks our expansion into the document management space, and we look forward to driving further impact.
The partnership reflects White Pearl’s mission to help organisations transition into the digital age with cutting-edge solutions that drive efficiency, security, and knowledge sharing. “
For more information, please contact: Investor Relations at White Pearl Technology Group AB Email: ir@whitepearltech.com Phone: +46 733 611 000.
The company’s Certified Adviser is Amudova AB, email: info@amudova.se.
About White Pearl Technology Group AB: White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 750 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.
