$INT (+11,08 %) Intellego announces synthetic share buyback program and financial updates
from November 12, 2025
Following recent developments and increased shareholder inquiries, the Board of Directors emphasizes that the company's business continues to perform as planned in terms of revenue, profit and cash flow. Due to the recent day of sharp decline in the share price, the Board has reassessed the value of a share buyback program and intends to convene an Extraordinary General Meeting to propose a synthetic buyback program of up to SEK 250 million, but not exceeding 10% of the company's total outstanding shares. The company's liquidity position is currently approximately SEK 350 million.
Intellego has received many questions from shareholders and investors in recent days due to the significant drop in the share price. The Board of Directors would like to reassure all shareholders that the business is developing as planned in terms of sales, profit and cash flow.
In the coming period, Intellego is expected to receive approximately SEK 500 million from existing receivables. Of the SEK 500 million that Intellego currently has in receivables, approximately SEK 440 million, including the larger receivables, have been verified as counterparty. This means that the customers themselves have independently and directly confirmed the order and the receivable to external regulators acting independently of Intellego to reconfirm that the receivables are correct and will be paid. In addition, Intellego has also credited some of these claims. The company is in the process of securing counterparty verification for the remaining approximately SEK 60 million in receivables.
One of the questions the company often receives and has answered in the past is how Intellego recognizes revenue. Intellego follows IFRS accounting rules, which means that Intellego recognizes revenue when the risk of the goods has been transferred to the buyer.
In addition to the liquidity situation, Intellego has a solid order inflow and, as Intellego has previously announced, the CEO and Chairman of the Board are currently negotiating orders in China with a potential total value of several hundred million SEK.
Based on recent developments, the Board has reassessed the value of a share buyback program and will shortly convene an Extraordinary General Meeting. Taking into account the expected cash flow development and the current liquidity position, the Board of Directors intends to propose a synthetic share buyback program of up to SEK 250 million. The company's liquidity position currently amounts to approximately SEK 350 million.
The buyback program has no impact on the company's financial targets and acquisition strategy communicated in the third quarter report.
