Collaxio (COLLAX) investor relations material

Executive summary

• 2025 marked a transformative year with a strategic shift to acquiring and managing portfolios of unlisted holdings, a new organization, and a focus on scalability and cost efficiency.

• Acquisition of Curitas Ventures AB added 13 unlisted holdings; all Asian holdings were divested as part of the new strategy.

• Substantial organizational changes included a new CEO and a rebranding to Collaxio AB.

• An exclusive letter of intent was signed in January 2026 to acquire eight additional holdings from Aggregate Media.

Financial highlights

• Net result for Q4 2025 was -12 MSEK (vs. -4 MSEK Q4 2024); full-year net result was -36 MSEK (vs. 0 MSEK 2024).

• Earnings per share for Q4: -0.19 SEK (vs. -0.14); full year: -0.58 SEK (vs. 0.01).

• Substantiated value at year-end: 89 MSEK (1.46 SEK/share); AUM totaled 103 MSEK.

• Adjusted management costs for 2025 were 7.97 MSEK (8.97% of NAV), up from 5.03 MSEK (4.2%) in 2024, reflecting transformation costs.

• Cash position at year-end: 36.4 MSEK (vs. 3.1 MSEK prior year).

Outlook and guidance

• Focus for 2026 is on building substance through new acquisitions, active portfolio development, and further cost efficiency.

• The acquisition pipeline is strong, but selectivity will be prioritized to align with long-term strategy.

• No dividend proposed for 2025.