Annonce • Apr 21
Truecaller AB (Publ) Announces Helena Svancar Has Declined Re-Election as Board Member Truecaller AB (publ) announced Helena Svancar has declined re-election as Board member at the Annual General Meeting to be on 22 May 2026. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr11.96, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Software industry in the United Kingdom. Total loss to shareholders of 56% over the past three years. Reported Earnings • Feb 23
Full year 2025 earnings released: EPS: kr1.13 (vs kr1.51 in FY 2024) Full year 2025 results: EPS: kr1.13 (down from kr1.51 in FY 2024). Revenue: kr1.95b (up 4.1% from FY 2024). Net income: kr388.6m (down 26% from FY 2024). Profit margin: 20% (down from 28% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Feb 20
Chief Business Officer recently bought kr151k worth of stock On the 17th of February, Ben Zhang bought around 13k shares on-market at roughly kr11.78 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr270k. Despite this recent purchase, insiders have collectively sold kr12m more in shares than they bought in the last 12 months. Declared Dividend • Feb 19
Dividend reduced to kr0.28 Dividend of kr0.28 is 84% lower than last year. Ex-date: 25th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 106% per year over the past 2 years and payments have been stable during that time. EPS is expected to decline by 5.7% over the next 3 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Annonce • Feb 18
Truecaller AB (Publ) Proposes Dividend for Financial Year December 2025 Truecaller AB (publ) announced that in accordance with Truecaller's dividend policy, Truecaller's board of directors has decided to propose a dividend of SEK 0.28 per share for the December 2025 financial year to the annual general meeting. New Risk • Feb 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Dividend is not well covered by cash flows (94% cash payout ratio). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to kr9.99, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total loss to shareholders of 72% over the past three years. Annonce • Jan 23
Truecaller AB (Publ) Provides Preliminary and Unaudited Earnings Guidance for the Fourth Quarter of 2025 Truecaller AB (publ) provided preliminary and unaudited earnings guidance for the fourth quarter of 2025. Total net sales for the fourth quarter 2025 is expected to amount to SEK 451 million (523) which is a decrease of 1% in constant currencies compared to the same period last year. Net profit of SEK 60.4 million (150.4) and Total revenues of SEK 462.4 million (528.5). Recent Insider Transactions • Jan 09
Chief Business Officer recently bought kr175k worth of stock On the 7th of January, Ben Zhang bought around 10k shares on-market at roughly kr17.50 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr270k. Despite this recent purchase, insiders have collectively sold kr13m more in shares than they bought in the last 12 months. Recent Insider Transactions • Dec 17
Chief Human Resource Officer recently bought kr270k worth of stock On the 15th of December, Fatima Antonsson bought around 15k shares on-market at roughly kr17.66 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr13m more in shares than they bought in the last 12 months. New Risk • Dec 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (96% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to kr18.12, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Software industry in the United Kingdom. Total loss to shareholders of 42% over the past three years. Annonce • Nov 11
Truecaller AB (publ), Annual General Meeting, May 22, 2026 Truecaller AB (publ), Annual General Meeting, May 22, 2026. Location: stockholm Sweden Recent Insider Transactions • Oct 31
Chief Operating Officer recently bought kr195k worth of stock On the 29th of October, Fredrik Kjell bought around 7k shares on-market at roughly kr30.00 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr1.0m. Despite this recent buy, Fredrik has been a net seller over the last 12 months, reducing personal holdings by kr2.6m. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: kr0.32 (vs kr0.34 in 3Q 2024) Third quarter 2025 results: EPS: kr0.32 (down from kr0.34 in 3Q 2024). Revenue: kr476.7m (up 3.9% from 3Q 2024). Net income: kr108.5m (down 7.9% from 3Q 2024). Profit margin: 23% (down from 26% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to kr31.28, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Software industry in the United Kingdom. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr58.70 per share. Annonce • Oct 15
Truecaller for Business Launches in Europe to Bring Trust Back to Business Calls Truecaller announced the launch of Truecaller's Verified Business Customer Experience Platform in Europe ("VB platform"). The platform helps enterprises build trust, increase pickup rates, and improve engagement by turning business calls into verified, context-driven conversations. It is a proven product globally, used by around 3,000 businesses across more than 30 markets, and valued by both enterprises and consumers for improving trust and communication. Un answered and fraudulent calls are a growing challenge across Europe. Businesses in sectors like BFSI, delivery, and transportation often struggle to reach customers who hesitate to answer unknown numbers. Truecaller's VB platform makes these calls more trustworthy and effective, helping businesses improve customer experience and reach higher efficiency in their customer communication. The platform includes advanced features such as: Verified Caller ID: Businesses can display their official brand name, logo, and a green "verified" badge on the user's screen during an incoming call, establishing instant trust. Secure Calls: This feature secures every business call through a proprietary, integrated call signing process, moving beyond identity verification to effectively combat call spoofing and brand imaging fraud. Call reason: Companies can provide context for their calls, letting customers know why they are calling even before the call is answered, ensuring transparency. Call Me Back: A unique feature to enable a call back signal from a non-successful call, increasing the efficiency and end-user convenience. Analytics: Businesses get access to detailed insights on calling patterns, pick-up rates, call reason conversion, and user behavior to optimize their communication strategies and drive better outcomes. Truecaller's V B Platform is available to businesses across Europe, on flexible plans suitable for startups to large enterprises. Annonce • Oct 06
Truecaller Announces adVantage: an AI-Platform Driving Smarter Segmentation and Higher Performance Truecaller unveiled adVantage, an AI-powered recommendation engine that redefines how businesses engage users in high-attention communication moments. adVantage leverages a centralized intelligence hub that continuously learns from user interactions, refining its outputs to foster deeper engagement and stronger business outcomes. It can work across Business Messaging, contextual advertising and various other enterprise-grade solutions, empowering brands to deliver the right message with precision and impact. adVantage is powered by a unique, daily stream of insights from Truecaller's vast ecosystem. By harnessing real-time behavioral intelligence and advanced recommendation models, it delivers personalized, privacy-safe experiences with data that is anonymized and aggregated, ensuring that every ad or offer is far more relevant. For consumers, this means greater trust and relevance, as they engage only with communications that matter to them. For businesses, adVantage is an AI-powered advisor, helping reach the right audiences, unlocks new revenue opportunities and uncovers actionable insights that sharpen day-to-day decision-making. The outcome is a smarter, more effective way to align customer engagement with business growth. After a successful testing phase within Truecaller's ads business, where it consistently delivered higher engagement and stronger ROI benchmarks, adVantage is now being rolled out for additional use cases. One such vertical is Truecaller's business messaging platform, which saw open rates jump by 400% during initial testing. The three modules of adVantage: Discover, Engage, and Perform, adjust automatically, making it simpler to reach the right users, keep them interested, and drive results. Discover: Expands reach by finding new, relevant audience segments and increasing visibility across the Truecaller platform. Engage: Boosts mid-funnel performance by re-targeting users who have shown interest and guides them toward a purchase. Perform: AI optimization drives key outcomes like lead generation, app installs, and direct commerce transactions. get tangible business results - automatically. Proven impact from the start In its pilot phase, the framework delivered impressive results for clients, driving up to a 50% lift in click-through rates and reaching over 200 million users. Performance gains were particularly strong across high-intent sectors such as automotive, fintech, edtech, and e-commerce. By combining precision-led audience discovery with AI-driven insights, these campaigns successfully converted brand awareness into measurable business outcomes consistently surpassing internal benchmarks. Recent Insider Transactions • Aug 17
Group Chief Executive Officer recently bought kr1.0m worth of stock On the 14th of August, Rishit Jhunjhunwala bought around 23k shares on-market at roughly kr46.50 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Rishit has been a net seller over the last 12 months, reducing personal holdings by kr834k. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr51.75, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr86.51 per share. Annonce • Jul 24
Truecaller Announces the Appointment of Saraswati Agarwal as Regional Sales Head for Ad Solutions for the Important MEA Region Truecaller announced the appointment of Saraswati Agarwal as Regional Sales Head for Ad Solutions for the important MEA region. In her new role, Saraswati will play a pivotal part in helping brands differentiate themselves and effectively connect with potential customers through Truecaller’s advanced advertising offerings. Saraswati has over 15 years of prior experience in the industry with companies such as Bloomberg, CNN, ITP Media group, driving revenue growth and market expansion across luxury, digital, and media sectors. She has a degree in Electronics and Telecommunications from the University of Mumbai. Reported Earnings • Jul 20
Second quarter 2025 earnings released: EPS: kr0.34 (vs kr0.35 in 2Q 2024) Second quarter 2025 results: EPS: kr0.34 (down from kr0.35 in 2Q 2024). Revenue: kr506.2m (up 11% from 2Q 2024). Net income: kr118.0m (down 4.1% from 2Q 2024). Profit margin: 23% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Recent Insider Transactions • Jun 19
Chief Legal Officer recently sold kr3.6m worth of stock On the 13th of June, Ola Espelund sold around 54k shares on-market at roughly kr66.96 per share. This transaction amounted to 85% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr13m more than they bought in the last 12 months. Annonce • Jun 12
Truecaller Launches Secure Calls to Fight Call Spoofing Truecaller announced the launch of Secure Calls, a groundbreaking feature as part of its Truecaller for Business platform. Building upon Truecaller's established Verified Business platform, Secure Calls represents the next level of verification, moving beyond verified business identities to now securing every business call. The solution helps businesses effectively combat the growing issue of call spoofing through a secure call signing process. Truecaller For Business subscribers can now make secure calls to their customers. By performing a secure backend handshake with Truecaller, the app verifies the caller's authenticity, ensuring it is indeed the company and not an impersonator. As a result, Truecaller can confidently label the call as a genuine "Secure Call" originating from a verified entity. This increased transparency empowers consumers to answer calls with greater confidence, further reducing the likelihood of them falling victim to fraud and scams. Key Benefits of Truecaller's Secure Calls:Reduced Spoofing: Makes it significantly harder for fraudsters to impersonate legitimate businesses, through a secure call signing mechanism. Enhanced Verification: Securing verified business identities for every call they make to their customers. Increased User Trust: By adding an individual Secure Call signal to the existing verified business identity, Truecaller users now experience an additional layer of verification.Enhanced Brand Protection: Strengthens the company's reputation by making it more difficult for fraudsters to hijack their brand identity.Clear Visual Indicators: Receiving users will see distinct visual cues within the Truecaller app, highlighting that the incoming call has been securely signed. Upcoming Dividend • May 19
Upcoming dividend of kr1.70 per share Eligible shareholders must have bought the stock before 26 May 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 28% and the cash payout ratio is 91%. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (1.8%). Recent Insider Transactions • May 15
Chief Operating Officer recently bought kr230k worth of stock On the 8th of May, Fredrik Kjell bought around 3k shares on-market at roughly kr67.70 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr587k worth in shares. Recent Insider Transactions • May 15
Chief Operating Officer recently bought kr230k worth of stock On the 8th of May, Fredrik Kjell bought around 3k shares on-market at roughly kr67.70 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr587k worth in shares. New Risk • May 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 99% Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 30
Full year 2024 earnings released: EPS: kr1.51 (vs kr1.49 in FY 2023) Full year 2024 results: EPS: kr1.51. Revenue: kr1.88b (up 7.9% from FY 2023). Net income: kr524.3m (down 2.2% from FY 2023). Profit margin: 28% (down from 31% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Annonce • Apr 29
Truecaller AB (publ) to Report Fiscal Year 2025 Results on Feb 17, 2026 Truecaller AB (publ) announced that they will report fiscal year 2025 results on Feb 17, 2026 Annonce • Apr 23
Truecaller AB (Publ) Proposes Dividend on Series A Share and Series B Share, Payable 2 June 2025 Truecaller AB (publ) announced that the board of directors proposed payment of a dividend of SEK 1.70 per series A and series B share. The record date to receive the dividend is proposed to be 27 May 2025. If the annual general meeting resolves in accordance with the proposal, payment of the dividend is expected to be performed through Euroclear Sweden AB on 2 June 2025. Declared Dividend • Apr 13
Dividend of kr1.70 announced Shareholders will receive a dividend of kr1.70. Ex-date: 26th May 2025 Payment date: 2nd June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.7%. Payout Ratios Payout ratio: 28%. Cash payout ratio: 23%. Annonce • Mar 31
Truecaller AB (publ) to Report Nine Months, 2025 Results on Nov 07, 2025 Truecaller AB (publ) announced that they will report nine months, 2025 results on Nov 07, 2025 New Risk • Mar 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 19
Third quarter 2024 earnings released: EPS: kr0.34 (vs kr0.29 in 3Q 2023) Third quarter 2024 results: EPS: kr0.34 (up from kr0.29 in 3Q 2023). Revenue: kr458.8m (up 15% from 3Q 2023). Net income: kr117.8m (up 12% from 3Q 2023). Profit margin: 26% (in line with 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 4 years, compared to a 7.8% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr80.52, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 26x in the Software industry in the United Kingdom. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr111 per share. Annonce • Jan 22
Truecaller Announces Its Big Ever Update for iPhone Users Globally Truecaller announced its biggest ever update for iPhone users globally with the advancements in Apple's latest iOS 18, Truecaller is now able to for the very first time launch a real-time caller ID and automated blocking of spam calls on iOS. These capabilities and other improvements as well as the ability to subscribe for a Premium Family plan are now being rolled out globally for paying subscribers of Truecaller on iOS. The launch is expected to further boost Truecaller's subscription revenues. At year-end about 30 million (or 7%) of Truecaller's total 435 million MAUs are iOS-users. Of Truecaller more than 2.6 million paying subscribers about 750.000 of them are on iOS and more than 40% of Truecaller's current premium revenues comes from iOS-users. The functionality of Truecaller's Caller ID on iOS has historically been limited to a smaller local database on the user's local device. This update can leverage Truecaller's latest AI capabilities and global database to identify as many calls as possible. In addition, the latest update includes something that Truecaller iOS users have been requesting for a long time: automatic blocking of spam calls. All this has been made possible by Apple's Live Caller ID Lookup framework, developed especially for apps like Truecaller to provide live caller ID in a privacy-preserving way. This API uses homomorphic encryption and Truecaller is the first in the world to deploy this at scale for Caller ID. Finally, Truecaller on iPhone now includes the ability to subscribe for a premium Family plan. With Family Plan, one can share all Truecaller Premium benefits like e.g. Truecaller AI Assistant, with up to four additional people at a low monthly or annual price. In India the subscription offering also includes a fraud insurance whereby now can through the family offering can protect four more family members from becoming a victim of fraud. All the new features will be made available for Truecaller Premium subscribers with the same pricing as for the Android offering. Free users on iOS will continue to enjoy ad-supported manual number search and caller ID of Verified Businesses. Auto blocking of spam is available globally & the new Caller ID will be rolled out starting today. It will be available to all users across the world within the coming days. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to kr62.25, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total loss to shareholders of 6.4% over the past three years. Annonce • Dec 06
Truecaller AB (Publ) Appoints Gaurav Loomba as Senior Director for Public Affairs in India Truecaller appoints Gaurav Loomba as its senior director for public affairs in India. Loomba previously served as AVP for government and public affairs at Paytm. He has also held roles at the National Payments Corporation of India and ICICI Bank. Loomba brings expertise in digital payments and financial services, along with experience in CSR and ESG initiatives. In his role, he will collaborate with government bodies to develop and execute public affairs strategies aimed at securing essential policy and regulatory backing for Truecaller’s growth and innovation in India. Annonce • Nov 26
Truecaller AB (publ), Annual General Meeting, May 23, 2025 Truecaller AB (publ), Annual General Meeting, May 23, 2025. Location: stockholm Sweden Recent Insider Transactions • Nov 14
Co-Founder recently bought kr986k worth of stock On the 8th of November, Nami Zarringhalam bought around 23k shares on-market at roughly kr43.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Nami has been a buyer over the last 12 months, purchasing a net total of kr1.5m worth in shares. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: kr0.34 (vs kr0.29 in 3Q 2023) Third quarter 2024 results: EPS: kr0.34 (up from kr0.29 in 3Q 2023). Revenue: kr458.9m (up 15% from 3Q 2023). Net income: kr117.8m (up 12% from 3Q 2023). Profit margin: 26% (in line with 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr44.66, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Software industry in the United Kingdom. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr85.04 per share. Annonce • Oct 09
Truecaller Appoints Seema Jindal as Head of Public Affairs, Telecom Truecaller appointed Seema Jindal as the Head of Public Affairs, Telecom in India. Seema joined Truecaller following a distinguished 25-year career at Airtel, where she held multiple key roles in regulatory, interconnection, and compliance roles in different telecom business units within Airtel. Most recently, she served as the Head of Regulatory Affairs for DLT, DTH, Teleports, VSAT and Head of Compliances & Audit for Regulatory. She was instrumental in spearheading the implementation of an intricate and innovative regulatory framework on telecommunication spam based on Digital Ledger Technology. Her work involved defining and interpreting complex regulations, ensuring compliance across multiple business units and managing relationships with regulators/licensors. At Truecaller, Seema will work closely with government ministries and agencies such as TRAI, DoT and MEITY to ensure regulatory and policy support for Truecaller's continued growth and innovation in India. Recent Insider Transactions • Sep 28
Chief Operating Officer recently bought kr191k worth of stock On the 26th of September, Fredrik Kjell bought around 5k shares on-market at roughly kr37.52 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr521k worth in shares. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: kr0.35 (vs kr0.57 in 2Q 2023) Second quarter 2024 results: EPS: kr0.35 (down from kr0.57 in 2Q 2023). Revenue: kr457.9m (down 12% from 2Q 2023). Net income: kr123.0m (down 40% from 2Q 2023). Profit margin: 27% (down from 40% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. New Risk • Jun 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Annonce • May 30
Truecaller Launches AI Cloned Voice Detection Truecaller announced the latest feature in its arenal of spam and scam fighting abilities: the AI Call Scanner. The AI Call Scanner is designed to use AI to fight AI and can warn users in real time, on the phone call - if it detects that the voice they are hearing is AI-generated. The AI CallScanner is trained to detect and differentiate between human voices and AI-synthesized voices, empowering users to safeguard themselves against potential scams and fraudulent activities. Through superior data, a long history of identifying calling patterns, through community input and with the use of advanced technology Truecaller is warning users before answering a suspicious call or text message. With this launch Truecaller now adds another functionality to safeguard users during the call as well. Three seconds! That's how much of voice an AI voice synthesizer needs to generate a complete clone of voice. Illeg legitimate voice cloning and speech synthesis technologies are improving fast and are, unfortunately, already commoditized and ubiquitous. This next wave of AI scams will prey on the most vulnerable side of people's mindset: the threat of loved ones in danger. The AI Call Scanner are built right into the Truecaller Android app, is part of the Premium subscription and is being rolled out globally, with US as the first market. The system is designed with simplicity and effectiveness in mind. If a user receives a suspicious call, all they have to do is tap a dedicated button within the Truecaller interface. The call is instantly merged with secure phone line which records a sample of the caller's voice. This voice sample is then processed by Truecaller's advanced AI model, which has been rigorously trained to identify the unique characteristics of human speech and distinguish it from AI-generated voices. All this happens in just a few seconds and the company is proud to launch the service with a high degree of accuracy. Recent Insider Transactions • May 20
Chief Operating Officer recently bought kr166k worth of stock On the 17th of May, Fredrik Kjell bought around 5k shares on-market at roughly kr36.80 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr564k. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr329k worth in shares. Annonce • May 16
Truecaller Introduces Truetalks, the Official Truecaller Community: A Platform to Connect Users Across the Globe Truecaller announced the launch of TrueTalks Community to connect and engage with people across the world. The community serves as a platform to bring together Truecaller users to interact with each other, share feedback, post suggestions for new features, get notified about the latest scams, get instant support with their problems, learn more about Truecaller and even share their personal experiences. Anyone can become a member of the community by signing up with a valid email address and display name. You do not need to be a Truecaller user to join TrueTalks, however our 383 Million+ Truecaller users can instantly access TrueTalks from a shortcut within the app. Among others, community content is designed to raise awareness about the brand offerings, talk about the best way to protect yourself from unwanted communication or even connect you directly with several Truecaller executives. Truecaller has been responsive to thousands of user queries irrespective of the mediums on a daily basis with the help of a robust customer support team. Now with the community platform users from across the globe can interact with our teams and other members to share ideas, insights, problems and much more. TrueTalks is currently available in English only, however, we will be adding support for additional languages soon. Annonce • May 09
Truecaller Updates Subscription Packages for Its Verified Business Caller ID Solution Within Truecaller for Business Truecaller, has launched its updated subscription plans for the Verified Business Caller ID solution. Starting in May 2024 the revised subscription packages and pricing will apply to all new and current business customers upon their upcoming renewals or upgrades. Truecaller for Business is Truecallers relatively fastest growing revenue stream and the new price packages is expected to gradually impact revenues positively going forward. The annualised revenue in First Quarter 2024 is approximately SEK 200 million and the annual growth rate was 44%. Truecaller Verified Business Caller ID solution updated subscription packages, Growth, and Enterprise plans are tailored to empower early/mid-stage companies as well as large enterprises The Growth Plan is best suited to early/mid-size companies looking to scale their business and establish a strong market to build trust and enhance brand visibility through its flagship Verified Business Caller ID. The Enterprise Plan is designed for large, established businesses that need scalable solutions to support their extensive user bases across various products, services, departments, or regions. These organizations require robust and more adaptable systems to manage their operations effectively. The Enterprise plan supports these businesses with advanced capabilities and deeper product integration with their communication infrastructure. With more comprehensive analytics and advanced reporting capabilities, the updated subscription plans are designed to provide deeper insights and CX productivity, enabling businesses to refine their communication strategies effectively. Deeper integration capabilities, including Call Personalization APIs, are available to support large businesses with increasingly complex integration and customization needs. Truecaller Verified Business Caller ID solution empowers business calls with brand identity and context, fostering reliable customer communication. So far, over 2500+ active businesses in 37 countries globally have benefitted from the solution and other advanced communication capabilities. Besides improving business call efficiency, the solution has significantly reduced phone call-related frauds and scams, promoting heightened customer safety in business communications. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: kr1.49 (vs kr1.43 in FY 2022) Full year 2023 results: EPS: kr1.49 (up from kr1.43 in FY 2022). Revenue: kr1.74b (down 2.3% from FY 2022). Net income: kr536.3m (flat on FY 2022). Profit margin: 31% (in line with FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in the United Kingdom. Annonce • Apr 28
Truecaller AB (publ) to Report Fiscal Year 2024 Results on Feb 18, 2025 Truecaller AB (publ) announced that they will report fiscal year 2024 results on Feb 18, 2025 Annonce • Apr 24
Truecaller AB (publ) Proposes Dividend Truecaller's board proposes an extra dividend of SEK 1.30 per share to the shareholders' meeting. The board assesses that even after such a dividend, the company still has a financial strength that well corresponds to the stability and freedom of action that the company can be expected to need in the future. The total proposed dividend amounts to just under SEK 590 million. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr32.08, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total returns to shareholders of 7.7% over the past year. Annonce • Feb 29
Truecaller Launches Ai-Enabled Call Recording in India Truecaller announced the launch of AI-Powered Call Recording in India, for iOS and Android platforms. The new addition provides users with the ability to record incoming and outgoing calls directly within the Truecaller app, offering a convenient and efficient way to capture and manage important conversations. AI Call Recording is a paid feature: available with a Truecaller Premium subscription, and is an advanced cloud-based recording that offers high level of voice clarity. A user can record and transcribe all calls, in English and Hindi from any caller. The service has previously been launched in english speaking markets like the US, and additional markets and languages will follow. By leveraging cutting-edge Artificial Intelligence technology, Truecaller empowers users to fully engage in their live conversation without the need to be concerned about taking detailed notes, thereby improving productivity during calls. The integration of AI into the newly launched call recording feature marks a significant leap forward, allowing for a detailed transcription of the entire phone call, along with an AI-generated call summary. Truecaller’s AI powered Call Recording solution will be available as a part of Truecaller’s Premium plan. While the feature is being rolled out across iOS and Android, it currently supports transcriptions in English and Hindi. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: kr1.49 (vs kr1.43 in FY 2022) Full year 2023 results: EPS: kr1.49 (up from kr1.43 in FY 2022). Revenue: kr1.74b (down 2.1% from FY 2022). Net income: kr536.3m (flat on FY 2022). Profit margin: 31% (in line with FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in the United Kingdom. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Annika Poutiainen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (522% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (7.6% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr398.7m (down 12% from 3Q 2022). Net income: kr105.0m (down 27% from 3Q 2022). Profit margin: 26% (down from 32% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Software industry in the United Kingdom. Recent Insider Transactions • Oct 29
Chief Operating Officer recently bought kr164k worth of stock On the 27th of October, Fredrik Kjell bought around 7k shares on-market at roughly kr23.38 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of kr830k worth in shares. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to kr24.21, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total loss to shareholders of 39% over the past year. Annonce • Oct 19
Truecaller AB (Publ) Names New Country Manager for Nigeria Truecaller AB (publ) names new country manager for Nigeria. Software company Truecaller announced on Wednesday that it has appointed Ogochukwu Onwuzurike as Country Manager for its Nigerian operations, where she will lead the brand functions and manage the entire operational process. Onwuzurike, with over a decade of experience in various sectors including banking, payments, fintech, and SaaS, brings a wealth of knowledge from companies like GlaxoSmithKline, Philip Morris International, Interswitch, and MetaMap. She holds a degree in Communications from the University of Nigeria Nsukka and a Post Graduate Diploma in Digital Business from Emeritus Institute of Management. Onwuzurike's primary role involves expanding Truecaller's presence in Nigeria, fostering partnerships with vendors, service providers, and local businesses, and enhancing the brand's recognition among both consumers and businesses in the region. Annonce • Oct 08
Truecaller AB (publ) (OM:TRUE B) acquired Unoideo Technology Private Limited. Truecaller AB (publ) (OM:TRUE B) acquired Unoideo Technology Private Limited on October 6, 2023.Truecaller AB (publ) (OM:TRUE B) completed the acquisition of Unoideo Technology Private Limited on October 6, 2023. Recent Insider Transactions • Sep 23
Insider recently sold kr8.9m worth of stock On the 20th of September, Rishit Jhunjhunwala sold around 241k shares on-market at roughly kr37.07 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr8.3m more than they bought in the last 12 months. Annonce • Sep 20
Truecaller Upgrades AI Identity Features for Fraud Prevention Truecaller announced a corporate rebranding and launch of a brand new app icon that will be instantly recognised on the Google Play Store and Apple App Store. The refreshed logo signifies a renewed and strong focus on consumer privacy and enhanced safety in communication. The overall design maintains the signature 'True blue' colour with an icon that establishes a distinct identity, thereby protecting users from copycat and imposter apps. As part of this refreshed identity, Truecaller users also launch a powerful new anti-fraud feature called Search Context, as a part of the Truecaller AI Identity engine. While looking at the search results for any number, Truecaller users will be instantly notified if the name for the number has been recently changed or is being changed frequently. The app also classifies this contextual message into three colour categories: blue, for a neutral change, yellow, which could be potentially suspicious if the name has changed more than 3 times in the past 7 days and finally red, indicating multiple and frequent name changes which are highly indicative of fraudulent and scammer activity. This message will be shown to all Truecaller users on all search results across Android, iPhone and Truecaller web. The new branding identity is orchestrated by leading global brand consultancy, Interbrand and it will be rolled out across the globe over the coming weeks. To see the new app icon and changes, users need to update to app version 13.34 or newer on Android and version 12.58 or newer on iOS. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: kr0.56 (vs kr0.46 in 2Q 2022) Second quarter 2023 results: EPS: kr0.56 (up from kr0.46 in 2Q 2022). Revenue: kr519.1m (up 7.6% from 2Q 2022). Net income: kr205.9m (up 19% from 2Q 2022). Profit margin: 40% (up from 36% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Annonce • Feb 09
Truecaller AB (publ) to Report Fiscal Year 2022 Results on Feb 22, 2023 Truecaller AB (publ) announced that they will report fiscal year 2022 results at 7:30 AM, Central European Standard Time on Feb 22, 2023 
