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MKB Nedsense (NEDSE) investor relations material
MKB Nedsense H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Report covers 2025, highlighting portfolio developments, financial results, and strategic events.
Intended reverse listing of Treasury BV to become a bitcoin treasury holding company was cancelled due to regulatory disapproval.
Focus remains on SME investments in the €1–10 million range, with a diversified portfolio and conservative risk profile.
Financial highlights
Net loss of €305K in 2025, compared to a net profit of €64K in 2024.
Total turnover from GNS Brinkman and Axess was €7.1 million (2024: €8.0 million); EBITDA €0.6 million (2024: €0.8 million).
Equity decreased from €9.3 million to €9.0 million; NAV per share fell from 9.3 to 9.0 euro cents.
Earnings per share for 2025 were -0.3 eurocents (2024: 0.00 euro).
No dividend proposed for 2025.
Outlook and guidance
Positive outlook for Axess and GNS Brinkman in 2026 despite market challenges.
Continued focus on maximizing value from TIB-TEC and Almunda investments.
Too early for quantified forward-looking statements for 2026.
- Net loss of €553k in H1 2025 due to fair value declines in investments; equity at €8.7m.NEDSE
H1 20251 Sep 2025 - Net profit increased to €65,000, with stable equity and a resilient investment portfolio.NEDSE
H1 202413 Jun 2025 - 2024 saw modest profit, improved core EBITDA, but a major TIB-TEC devaluation and qualified audit.NEDSE
H2 20245 Jun 2025
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