)
Apax Global Alpha (APAX) investor relations material
Apax Global Alpha Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net Asset Value (NAV) at 30 June 2025 was €1.11bn (€2.29 per share), down from €1.23bn at 31 December 2024, mainly due to adverse FX movements and dividend payments.
Total NAV Return for H1 2025 was -6.1%, but +2.5% on a constant currency basis.
A recommended cash acquisition by Janus Bidco Limited was announced, offering a 30.6% premium to the one-month VWAP and a 33.1% premium to the six-month VWAP.
The offer is expected to complete in Q3 or early Q4 2025, subject to shareholder and regulatory approval.
Financial highlights
NAV per share declined from €2.51 to €2.29 over the six months.
Loss after tax for H1 2025 was €79.5m, compared to a €18.2m loss in H1 2024.
Total operating expenses for H1 2025 were €3.0m.
€39.7m was returned to shareholders via dividends and share buybacks in H1 2025.
No dividend was declared for the period, but €32.3m was paid as the final 2024 dividend.
Outlook and guidance
The Board expects the take-private transaction to complete in Q3 or early Q4 2025.
The company will continue to manage its portfolio and maintain operational continuity during the transition.
- NAV stable, strong Private Equity growth, €67m returned to shareholders YTD.APAX
Q3 20243 Feb 2026 - NAV fell 1.4% in H1 2024, but capital allocation and portfolio resilience remain strong.APAX
H1 202422 Jan 2026 - NAV at €1.23bn, 0.8% return, core sectors strong, €69m returned, new capital framework.APAX
Q4 20241 Dec 2025 - NAV fell 2.5% as FX offset strong private equity growth; €36m returned to shareholders.APAX
Q1 202528 Nov 2025 - New capital allocation policy and robust private equity strategy drive value creation.APAX
CMD 2024 Presentation13 Jun 2025
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)