On 8 December, White Pearl reported that its subsidiaries, ECC, Cloud, and NDF, have closed systems integration and managed services contracts in Saudi Arabia. Most of the contracts stem from business with governmental entities, and the total value is estimated at over SEK 20 million, of which at least SEK 17.9 million will be recognised in 2026.
Furthermore, White Pearl subsidiary Omnicell has recently announced another NEXUS order for revenue optimisation services from the South African Local Government Association. The contract is valued at SEK 25m in the first phase, covering the next three months. White Pearl expects the project to result in “a multiphase, multiyear engagement” after the initial phase is completed, lasting into 2027.
The contract adds to the tally of wins concerning the proprietary NEXUS platform in 2025, underscoring the rapid growth of both the Digital and Emerging Technologies segments, as well as the group’s overall performance. It also supports the strategic shift toward higher-margin technology solutions (currently accounting for approximately 19 per cent of revenue).
Additionally, White Pearl provides updates on the progress of the cybersecurity business, as well as the Smart Infrastructure segment, including the recently announced acquisition of Premier Brands. It reports recent project wins in South Africa, Burkina Faso, Kenya, and Zambia, estimated at approximately SEK 20m in Q4 2025.
Finally, White Pearl has also recently reported that the shareholders of Spotr Group have approved the sale of the company’s portfolio to White Pearl. White Pearl estimates that these companies will add approximately SEK 17 million to their sales and SEK 1.7 million in annual profits. The consideration is SEK 19m in an all-share deal. The rationale is to expand into the Nordics via cloud-based managerial tool Adligo, mobile app development platform Appspotr, the Appspotr organisation of developers and code engineers, and a 51 per cent stake in IT consultant Krobier.
In summary, we believe the news mentioned above suggests strong organic growth in the current quarter, driven by the Africa and Middle East businesses. It should support the previously communicated financial targets, indicating sales of approximately SEK 500 million in FY 2025, as well as solid growth for 2026. Moreover, we believe the possibility of the company upgrading its 2026 target has increased. Overall, we see less risk to our previous estimates and lower the discount rate by about one percentage point. This renders a new base case valuation of SEK 26.6 per share (25).
We also adjust the valuation range per share upwards to SEK 23-37 (from 22-27). Most importantly, for the Bull case, we no longer assume any valuation gap to Nordic peers in the multiple valuation approach (in the base and bear cases, we still apply a 21 per cent discount). The multiple valuation discount is calculated by applying a 30 per cent reduction for emerging markets exposure, multiplied by an assumed 70 per cent weight for White Pearl specifically.
Please read our latest update here.


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]]>White Pearl Technology Group (STO: WPTG B) has achieved a remarkable 28% Return on Capital Employed (ROCE), significantly outperforming the technology sector average of 11%, according to recent financial analysis. This exceptional performance underscores the Group’s effective capital allocation strategy and operational excellence across its global technology solutions portfolio.
The company’s financial metrics demonstrate strong operational momentum:
WPTG’s ability to generate superior returns while simultaneously increasing capital deployment indicates robust demand for the Group’s technology solutions across its key markets in Sweden, Africa, the Middle East, Asia, and Latin America. The company’s diversified portfolio spanning ICT services, system integration, hardware solutions, business software, and digital innovation continues to drive sustainable growth.
“These results reflect our disciplined approach to capital allocation and our focus on high-value technology solutions that address real business challenges for our clients,” said the WPTG leadership team. “The strong ROCE demonstrates that our expansion investments are generating meaningful returns.”
The 28% ROCE places WPTG among the top performers in the technology solutions sector, validating the Group’s strategic positioning across multiple technology domains. This performance is particularly noteworthy given the company’s geographic diversification and comprehensive service offering, which typically involves more complex capital requirements.
The sustained ability to profitably reinvest capital suggests WPTG has identified significant growth opportunities within its existing markets and service lines. This positions the company well for continued expansion while maintaining disciplined financial management.
The 59% increase in capital employed indicates WPTG’s confidence in its growth trajectory and market opportunities. This expansion supports the company’s strategy of building comprehensive technology capabilities across its 20+ subsidiary companies, enabling deeper client relationships and higher-value service delivery.
The Group’s continued focus on digital innovation, including AI and automation solutions, cloud migration services, and advanced system integration capabilities, aligns with market trends driving sustained demand for sophisticated technology solutions.
This assessment is based on an independent financial analysis conducted by Simply Wall St, which evaluated WPTG’s capital efficiency and reinvestment capabilities using publicly available financial data. The analysis provides external validation of the company’s financial performance and strategic direction.
Source: Returns on Capital Paint A Bright Future For White Pearl Technology Group – Simply Wall St
]]>Among the three, Smart Infrastructure is emerging as the cornerstone of future growth. Here’s why—and how it aligns with our broader strategy.
Smart Infrastructure is where the digital world meets the physical one. It includes:
As McKinsey notes, smart cities and infrastructure aren’t simply about convenience—they enhance livability, sustainability, and economic competitiveness.
In emerging markets, the potential impact is even greater. Nations can bypass outdated legacy systems and adopt scalable, connected, and secure platforms from day one.
Governments, cities, and enterprises are under unprecedented pressure to modernize infrastructure, reduce carbon footprints, and improve resilience. According to the World Bank, smart infrastructure investment is a key driver for economic development—especially in fast-growing regions.
We see this across:
Research from the OECD confirms that connected infrastructure is critical to future-proofing economies and ensuring long-term competitiveness.
At WPTG, Smart Infrastructure is never a standalone offering—it is fully integrated with our IT Services and Digital Transformation clusters.
From secure networking and cloud platforms to managed cybersecurity, our IT Services provide the infrastructure backbone. Without this, smart infrastructure cannot function at scale or securely.
Smart infrastructure generates vast amounts of data. Our Digital Transformation capabilities—AI, analytics, and automation—turn that data into actionable insights for decision-making, efficiency, and improved citizen or customer experience.
Think of it this way:
Smart Infrastructure is the body. IT Services are the nervous system. Digital Transformation is the brain.
Only when all three work in unison do you get truly adaptive, efficient, and intelligent systems.
WPTG operates as a federation of specialist technology brands across Africa, the Middle East, Asia, and beyond. Our multi-brand, multi-country approach allows us to:
While many competitors operate in silos, WPTG’s integrated approach is designed for convergence and scalability.
As Gartner notes, infrastructure and operations are evolving rapidly toward automation, intelligence, and resilience. This aligns perfectly with our roadmap.
At WPTG, we believe Smart Infrastructure is not just a growth vertical—it’s the next phase of the digital economy. It powers the cities we live in, the factories that produce our goods, and the services we rely on daily.
That’s why we are:
Let’s build smarter. Let’s build better.
If you’re a public sector leader, urban planner, or enterprise innovator ready to shape the future, WPTG is your partner in Smart Infrastructure.
]]>The tracker launch comes during a period of strong execution for WPTG, which recently reported record Q1 2025 results with revenue increasing 18.1% to SEK 98.9M and EBITDA soaring 87.5% to SEK 15.9M. “The commitment tracker represents a fundamental shift in how we think about accountability and transparency,” said Ebrahim Laher, Strategic Advisor to WPTG Board. “In today’s fast-moving technology landscape, investors deserve real-time visibility into strategic execution.” Peter Ejemyr, VP Investor Relations, added: “Transparency isn’t just about reporting results – it’s about sharing the journey. Our commitment tracker allows investors to see not just where we’re going, but exactly how we’re getting there.” With 32 subsidiaries operating across 20 countries and serving over 200,000 customers, WPTG continues executing its Vision 2028 strategy targeting SEK 827M in revenue with 17.1% EBITDA margins.
]]>STOCKHOLM, Sweden, June 24, 2025 (GLOBE NEWSWIRE) — White Pearl Technology Group AB (Nasdaq First North: WPTG; OTCQX: WPTGF), a leading global provider of digital transformation solutions with 32 subsidiaries across 20 countries, today announced that Marco Marangoni, CEO, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on June 26th, 2025.
DATE: June 26th
TIME: 11:00 AM ET
LINK: REGISTER HERE
Available for 1×1 Meetings June 26, 27, 30 and July 1st
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
Recent Company Highlights
About White Pearl Technology Group AB
White Pearl Technology Group AB (WPTG) is a global technology company listed on both Nasdaq First North Growth Market and OTCQX Best Market, specialising in digital transformation solutions. With 32 subsidiaries operating across 20 countries and a team of more than 800 professionals, WPTG serves over 200,000 customers worldwide across six continents. The company helps organisations navigate the complexities of the digital age, offering comprehensive services including AI & machine learning, cloud solutions, cybersecurity, IoT, system integration, and smart infrastructure solutions. WPTG’s diversified portfolio includes managed services (40% of revenue), emerging technologies (15%), and system implementation (26%), positioning the company at the forefront of the $1.8 trillion global digital transformation market.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
CONTACTS:
White Pearl Technology Group AB
Peter Ejemyr
VP Investor Relations
Email: [email protected]
Phone: +46 733 611000
Marco Marangoni
CEO, White Pearl Technology Group AB
Email: [email protected]
Phone: +598 93 370 044
Certified Adviser: Amudova AB
Email: [email protected]
Phone: +46 8 546 017 58
Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
[email protected]https://www.globenewswire.com/newsroom/ti?nf=OTQ4Mzc2MiM3MDE2MTU1IzIyMzMwNDE=
https://ml.globenewswire.com/media/NGM4NDRjNDYtOTdhNi00NWQ1LWI5MmEtNmUwNGYyZTkyYTJmLTEyNDQ1OTQtMjAyNS0wNi0yNC1lbg==/tiny/Virtual-Investor-Conferences.png
White Pearl Technology Group’s strategic shift towards proprietary intellectual property and owned products is fundamentally reshaping the company’s financial profile and competitive positioning. As the group transitions from a traditional ICT services provider to an AI-driven technology innovator, its growing portfolio of proprietary solutions and strategic acquisitions is delivering the kind of sustainable, high-margin revenue that defines market leaders.
In today’s technology landscape, companies that rely solely on third-party products and traditional services face constant margin pressure and pricing constraints imposed by vendors. WPTG recognised this challenge early and embarked on a deliberate strategy to develop proprietary solutions and acquire specialised IP capabilities that provide both differentiation and pricing autonomy.
The results speak for themselves. The company’s Q1 2025 performance shows EBITDA margins reaching a record 16.1%, driven primarily by sustained high margins from proprietary IP, software, AI and big data solutions. This represents a significant improvement from previous periods and validates the strategic focus on owned intellectual property and targeted IP acquisitions.
WPTG’s IP portfolio spans multiple verticals and addresses real-world challenges through both organically developed solutions and strategic acquisitions:
WPTG’s 51% acquisition of OneBrain for USD 300,000 represents one of the group’s most significant AI investments. Founded in 2020 and based in Hyderabad, India, OneBrain brings 12 AI specialists and proprietary technology that’s expected to contribute SEK 4 M+ in 2024 and over SEK 7.5M in 2025.
Dynamic Action Model (DAM) – OneBrain’s flagship innovation represents a breakthrough in AI-enabled human-machine interfaces. The technology enables intelligent automation of complex business processes, from basic machine processing to highly evolved computing such as programming and data analysis.
Voice-to-AI Platform – This next-generation system processes unstructured day-to-day data through voice commands, offering:
As OneBrain’s Innovation Head Mirza Areeb Baig notes: “Our proprietary platforms, particularly our DAM technology, are delivering measurable efficiency improvements of 25-40% in client operations.”
: Revolutionising Sales PsychologyPerhaps the most innovative organic development in WPTG’s portfolio, Neuro-Funnels
represents a breakthrough in sales lead generation methodology. This proprietary system leverages neurological science to influence potential clients’ subconscious decision-making processes, targeting the brain’s amygdala through six specific stimuli: ego, contrast, tangible input, beginning & end, visual elements, and emotions.
The technology has been successfully deployed across multiple industries globally, from guest houses in South Africa to IT consultancies in India, demonstrating its versatility and effectiveness across diverse markets.
SmartFarmer represents WPTG’s comprehensive platform that unifies entire agricultural value chains. The solution addresses critical pain points for farmers, funders, insurers, and other stakeholders through modules covering everything from registration and data collection to marketplace functionality, contract management, and logistics coordination.
This end-to-end approach differentiates SmartFarmer from point solutions offered by competitors, creating multiple revenue streams through transactions, data analytics, and platform services.
Developed specifically for local authorities, IntelliGuide AI demonstrates WPTG’s ability to create sector-specific solutions that deliver measurable value. The platform uses advanced machine learning and real-time analytics to optimise billing processes, enhance revenue collection, and prevent fraud.
Early implementations have shown impressive results, with local authorities reporting 20-30% reductions in outstanding bills and up to 40% lower arrears follow-up costs.
The recent City of Johannesburg case study showcases how WPTG’s municipal solutions deliver transformational results. Through OmniGuard AI, OmniServe Platform, and OmniField & OmniMobile solutions, the implementation achieved remarkable outcomes:
The financial benefits of owned IP are evident in WPTG’s recent performance. Proprietary solutions typically command 60-80% gross margins compared to 15-25% for traditional system integration services. OneBrain’s AI automation solutions operate at premium margin levels, contributing disproportionately to profitability.
Unlike vendor-dependent services, where pricing is constrained by third-party terms, proprietary solutions allow WPTG to set pricing based on value delivered. OneBrain’s DAM technology, for instance, delivers 25-40% efficiency improvements, enabling value-based pricing that reflects client outcomes rather than cost-plus models.
Owned IP creates natural competitive moats. OneBrain’s DAM technology and Neuro-Funnels
methodology cannot be replicated by purchasing third-party tools. This provides WPTG with sustainable competitive advantages and reduces the risk of commoditisation.
OneBrain’s AI capabilities are being integrated across WPTG’s existing portfolio, enhancing the value proposition of established products. The DAM technology’s voice-to-AI platform enables more sophisticated solutions with reduced manual effort, improving both margins and scalability across the group’s offerings.
OneBrain’s AI innovations provide cutting-edge capabilities for both emerging and developed markets, supporting WPTG’s international expansion strategy whilst maintaining pricing power through technological differentiation.
The strategic focus on IP and specialised acquisitions is reflected in WPTG’s revised Vision 2028 targets, which now project IP revenue to reach 15 %+ of total revenue, up from the previous 10% target. OneBrain alone is expected to contribute over SEK 7.5M in 2025, whilst the emerging technologies segment now represents 15% of revenue, up from 13% at year-end 2024.
CEO Marco Marangoni emphasises the transformational impact: “The completion of this acquisition accelerates our AI capabilities significantly. OneBrain’s DAM technology will transform our service delivery model, particularly in emerging markets where efficiency and scalability are crucial.”
WPTG’s acquisition strategy demonstrates sophisticated technology integration capabilities. OneBrain’s voice-to-AI platform and DAM technology are being deployed across multiple client projects, whilst initial integration planning has identified several high-impact applications across WPTG’s existing portfolio.
The company’s AI Lab in Hyderabad, India, represents a significant investment in adding AI and automated robotics functions to existing products such as ERP systems. This approach of enhancing established solutions with cutting-edge AI capabilities creates compound value effects.
Stephen Nurcombe-Thorne, SVP AI, Data Science and Blockchain at WPTG, notes: “Our technology stack addresses critical challenges in high-growth sectors. Our implementations require a unique blend of skills – deep learning expertise and municipal operations knowledge.”
WPTG’s commitment to IP development and strategic acquisitions extends beyond current capabilities. The company continues investing substantially in AI, machine learning, and data analytics capabilities that will underpin future proprietary solutions.
The success of OneBrain’s integration creates opportunities for adjacent innovations. The data and insights generated by SmartFarmer could support additional agricultural technology solutions, whilst municipal success with Johannesburg opens doors for expanded public sector IP development enhanced with OneBrain’s AI capabilities.
WPTG’s strategic emphasis on proprietary intellectual property represents more than a business model evolution—it’s a fundamental transformation that positions the company for sustainable, high-margin growth. By developing and acquiring solutions that address genuine market needs whilst providing pricing autonomy and competitive differentiation, WPTG is building a formidable technology portfolio.
The combination of organic innovation (Neuro-Funnels
, SmartFarmer, IntelliGuide AI) with strategic IP acquisitions (OneBrain’s AI capabilities) demonstrates a sophisticated approach to intellectual property development. Record margins, growing IP revenue contribution, and measurable customer outcomes validate this strategy.
As OneBrain’s DAM technology transforms service delivery efficiency and municipal solutions deliver transformational ROI, the financial and competitive advantages of WPTG’s IP strategy will only become more pronounced. For investors and stakeholders, this approach offers exposure to genuine technological innovation backed by proven financial results—a compelling combination in today’s technology landscape.
The group’s transformation from traditional ICT services to an AI-driven technology innovator, powered by strategic IP acquisitions and organic innovation, positions WPTG at the forefront of the next wave of digital transformation globally.
]]>We are pleased to announce that Omnitell Tech (OTT) has been appointed by the City of Johannesburg as the official service provider for their comprehensive electricity and water meter verification project launching this month.
The Johannesburg municipality has launched an important verification drive aimed at optimizing billing accuracy and enhancing revenue generation across the city. According to the City of Johannesburg, this initiative will ensure residents receive accurate readings from meters that are correctly matched to their accounts.
The verification project will run throughout May 2025, with our teams covering multiple areas each week according to a structured schedule published by the municipality.
As the appointed service provider, OTT field technicians will be conducting verification work across Johannesburg from 8am to 5pm daily. The City has specifically named Omnitell Tech in their official communication about the initiative, highlighting our partnership in this important revenue optimization project.
The Director for Communications and Stakeholder Engagement for Group Finance at the City of Johannesburg, Kgamanyane Maphologela, emphasized the importance of this project: “The project will also go a long way to ensure that the city responds to customers’ complaints that they receive estimated readings. Full cooperation from our customers will ensure that the project succeeds.”
Our teams will be working across numerous Johannesburg suburbs in a phased approach throughout May:
Week 1 (5-9 May): Dunkeld, Maroelaldal, Melville, Ormonde, Parktown, Emmarentia, Parkview, Parktown North, Melrose, Melrose North
Week 2 (12-16 May): Naturena, Parkhurst, Windsor, Parkview, Robindale, Vorna Valley, Parkwood, Westbury, Greenside
Week 3 (19-23 May): Multiple areas including Linden, Paulshof, Fourways, Linksfield, Houghton Estate, Norwood, Douglasdale, Glenvista, Hyde Park
Week 4 (26-30 May): Glen Vista, Halfway Gardens, Norwood, Westbury, Windsor Glen, Florida, and multiple other areas
Residents can be assured that all OTT meter readers will display approved IDs with full names and identification numbers. Our teams will operate in clearly branded vehicles to ensure transparency and security.
The City of Johannesburg has also established verification channels for residents who wish to confirm the authenticity of meter readers. Questions or verification requests can be directed to the city’s call center at 0860 562874 or via WhatsApp at 083 314 9640.
This project aligns perfectly with OTT’s expertise in revenue enhancement and data verification services for municipalities. Our proven methodologies and experienced field teams will help the City of Johannesburg optimize their billing systems and improve revenue collection through accurate metering.
For more information about our municipal services or this specific project, please contact our Municipal Services Division at [email protected].
Source: The Citizen, “Water and electricity meters to be verified in these Johannesburg areas this month,” published 6 May 2025.
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