NAXS 3-month financial report January – March 2025

This announcement is not an offer of securities for sale in the United States nor in any other country, and securities may not be offered or sold in the United States absent registration or an exemption from registration under U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Nor does it constitute or form part of, and may not be used for the purposes of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities by any person in any jurisdiction, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment to do so, in which (i) such offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation.

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

Contact

Nikolai Jebsen, Interim CEO                             
+47 462 82 222
[email protected]

Gösta Lundgren, CFO
+46 70 710 47 88
[email protected]

This information is information that NAXS AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 19.30 CET on April 29, 2025

NAXS is listed on NASDAQ Stockholm. NAXS primarily invests in private equity funds with a Nordic focus, but may also make direct investments or co-investments alongside private equity or other alternative assets funds. In addition, NAXS may, to a limited extent, make other types of investments.