NAXS AB (publ) 3-month financial report January – March 2025

First quarter 2025

  • Net profit amounted to MSEK 94.4 (1.1).
  • Earnings per share amounted to SEK 8.52 (0.10).
  • Net asset value amounted to MSEK 903 (SEK 81.50 per share) at March 31, 2025, compared to MSEK 808 (SEK 72.98 per share) at December 31, 2024.
  • Net cash amounted to MSEK 198 (SEK 17.90 per share) at March 31, 2025, compared to MSEK 204 (SEK 18.38 per share) at December 31, 2024.

Events after the end of the First quarter

  • The 2025 Annual General Meeting resolved to pay a dividend of 4.25 SEK per share for FY 2024 and approved a continued share repurchase mandate.

Comments by the CEO

NAXS continues to hold a significant portion of its assets in cash and cash equivalents (SEK 17,90 per share). NAXS financial performance in Q1 is driven largely by a higher valuation of three of our underlying funds in addition to a public cash offer made for Norva24 in which NAXS owns a portion through its Valedo II investment. To date, NAXS has not seen any material impacts on its portfolio from the increased volatility experienced in most financial markets this year. The company is continuing to evaluate opportunities presented its investment advisor Naccess Partners AB.

Nikolai Jebsen