Sweden's PE investor NAXS posts H1 net loss, NAV falls
Sweden's PE investor NAXS posts H1 net loss, NAV falls
Overview
Sweden investment company's H1 net loss as EPS turns negative yr/yr
Net asset value declined 9% from end-2025 amid subdued private market conditions
Company acquired shares in Tången Industrikapital AB for SEK 19 mln in Q2
Outlook
Company says deal activity remains subdued and sentiment cautious in private markets
NAXS intends to continue capitalising on opportunities as market conditions evolve
Result Drivers
MANAGER UNDERPERFORMANCE - NAV per share declined due to continued underperformance from one manager, according to the CEO
STABLE PORTFOLIO - Remainder of fund portfolio was broadly flat, reflecting a generally stable environment for most underlying portfolio companies
TÅNGEN ACQUISITION - SEK 19 mln invested in Tången Industrikapital AB to provide exposure to industrial portfolio and enhance liquidity, per CEO
Company press release: ID:nWkr8hW75b
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EPS |
| -SEK 2.19 |
|
H1 Net Income |
| -SEK 23.90 mln |
|
H1 Net Asset Value |
| SEK 506 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)