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Havsfrun Investment (HAV) investor relations material
Havsfrun Investment Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary22 Oct, 2025
Executive summary
Substantial growth in net asset value per share, up 12.0% year-over-year, adjusted for reinvested dividends, with a strong Q3 increase of 6.7%.
Net result for the nine-month period reached 13.2 MSEK (0.4 MSEK last year), or 1.09 SEK per share.
B share total return was 30.4% for the period, with a Q3 return of 4.7%.
Half of the shares in subsidiary HF Reverse (RTO) AB were distributed to shareholders and the company was listed on Spotlight Stock Market.
Financial highlights
Net asset value at September 30, 2025: 110.3 MSEK (113.3 MSEK last year), or 9.12 SEK per share.
Q3 net result: 7.1 MSEK (1.0 MSEK last year), or 0.58 SEK per share.
Cash and cash equivalents: 40.2 MSEK (60.7 MSEK last year).
Investment portfolio value: 68.2 MSEK, up 37.8% YTD, outperforming global and Swedish equity indices.
Dividend of 1.10 SEK per share, including 0.10 SEK from the HF Reverse share distribution.
Outlook and guidance
Focus on identifying and executing investments that create long-term shareholder value.
Continued search for suitable acquisition targets for HF Reverse, aiming for companies with strong prospects and a post-listing market value of 50–100 MSEK or more.
Potential to repeat the HF Reverse model if successful.
What are the key success metrics for HF Reverse?
What investment strategy drove portfolio outperformance?
Implications of IFRS 10 investment entity status
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Next Havsfrun Investment earnings date
Q4 202519 Feb, 2026
Next Havsfrun Investment earnings date
Q4 202519 Feb, 2026
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Frequently asked questions
Havsfrun Investment AB is a Swedish investment company that manages a diversified, multi-strategy portfolio. The company's investments include hedge funds, mutual funds, individual stocks, and stock indices, spanning various strategies such as multi-strategy, global macro, equity long/short, credit, and event-driven funds. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq Stockholm.
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