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Havsfrun Investment (HAV) investor relations material
Havsfrun Investment Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net asset value (NAV) per share increased by 1.5% in H1 2026, adjusted for dividend reinvestment, reaching 99.7 MSEK or 8.23 SEK per share as of June 30, 2026.
Group net profit for H1 2026 was 1.7 MSEK (0.14 SEK per share), down from 6.2 MSEK (0.51 SEK per share) year-over-year.
Investment portfolio grew by 8.0% in H1 2026, underperforming the MSCI AC World Index (+18.9%) but outperforming the Swedish OMXSGI (+7.8%).
B-share total return was 1.4% in H1 2026, with a market price of 13.76 SEK per share at period end, trading at a 67.2% premium to NAV.
Financial highlights
NAV at June 30, 2026: 99.7 MSEK (104.5 MSEK prior year), 8.23 SEK per share (8.63 SEK prior year).
H1 2026 net profit: 1.7 MSEK (6.2 MSEK prior year); Q2 2026 net profit: 3.6 MSEK (3.5 MSEK prior year).
Cash and cash equivalents (including money market funds) at June 30, 2026: 21.8 MSEK (45.0 MSEK prior year).
Equity ratio: 98.7% (98.4% prior year).
Dividend of 1.0 SEK per share (12.1 MSEK) paid in April 2026.
Outlook and guidance
NAV per share increased by 2.0% in July 2026, reaching 101.6 MSEK or 8.40 SEK per share as of July 31, 2026.
Ongoing evaluation of new business combinations and investment opportunities, especially via HF Reverse (RTO) AB.
- Net asset value per share declined 1.7% and Q1 net loss was -1.9 MSEK, with a 1.00 SEK dividend paid.HAV
Q1 2026 - Strong annual profit, NAV growth, and portfolio outperformance, plus new business expansion.HAV
Q4 2025 - Net asset value per share up 12% and B share total return 30.4%, with HF Reverse listed.HAV
Q3 2025 - NAV per share up 5.6%, strong portfolio return, and HF RTO subsidiary set for listing.HAV
Q2 2025 - Substansvärdet ökade svagt, men B-aktiens totalavkastning var negativ och portföljen underpresterade.HAV
Q3 2024 - Svagt halvår med negativ avkastning och fortsatt fokus på strukturell expansion.HAV
Q2 2024 - NAV up 2.4% and portfolio outperformed markets; SPAC launch planned for 2025.HAV
Q1 2025 - Substansvärdet minskade 2,0% och resultatet blev -2,5 MSEK för 2024.HAV
Q4 2024
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