LAIQON AG

Latest Results (12.06.2026):

LAIQON AG — Q4 2024 (full-year 2024 results as reported in the 2024 Annual Report): LAIQON reported FY2024 recurring gross sales of EUR 31.0m and an adjusted (recurring) EBITDA loss of EUR -3.8m, an improvement versus the prior-year adjusted EBITDA of EUR -7.3m. Assets under management stood at EUR 6.5bn at Dec 31, 2024 (the report notes an organic increase of ~EUR 0.5bn in 2024 and management cites EUR 6.7bn as of Feb 28, 2025). The balance sheet shows total assets of EUR 134.9m and equity of EUR 81.0m (equity ratio 60.1% after a 2024 restatement for deferred taxes). Earnings per share were negative (undiluted EUR -0.41; basic EUR -0.25).

Key headline figures

Recurring (adjusted) sales: EUR 31.0m (2024). Recurring (adjusted) EBITDA: EUR -3.8m (2024) vs EUR -7.3m (2023). Reported total assets: EUR 134.9m; equity: EUR 81.0m; equity ratio: 60.1% (restatement note for 2023 comparability). AUM: EUR 6.5bn at Dec 31, 2024 (management cites EUR 6.7bn at 28 Feb 2025).

Profitability and earnings per share

Adjusted recurring EBITDA improved materially year-on-year to EUR -3.8m (close to break‑even in H2 2024 according to management). Reported EBITDA also EUR -3.8m (2024). EPS undiluted EUR -0.41 (2023: -0.70); EPS basic EUR -0.25 (2023: -0.51). Management disclosed non-recurring restructuring costs (~EUR 0.7m) in H2 2024.

Revenue mix and fees

Gross sales (recurring) EUR 31.0m; reported sales broadly stable year-on-year. Performance fees from fund management, mandates and asset management were noted at around EUR 2.3m for 2024.

Balance sheet strength and adjustments

Total assets EUR 134.9m and equity EUR 81.0m (figures restated for 2023 to reflect deferred-tax netting for comparability). The improved equity ratio (60.1% in 2024 vs 42.9% in restated 2023) reflects this restatement and equity growth from capital measures described in the report.

Capital measures and corporate developments

The report documents conversions of earlier convertible bonds and several capital transactions in 2024–25: a private placement (2,100,000 shares at EUR 6.00) and the entry of the Joachim Herz Foundation as an anchor investor (report cites an investment of EUR 12.6m). The Group also progressed other strategic partnerships, white‑label initiatives (e.g., Union Investment “WertAnlage”) and LAIC token placements.

Outlook and management guidance

Management reaffirmed an AUM target of EUR 8–10bn for 2025 and expects further transparency on sales and EBITDA guidance in H1 2025. The Group is prioritizing growth via white‑label partnerships, expansion of Asset Management and continued scaling of its AI subsidiary LAIC.