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Navigo Invest (NAVIGO) investor relations material
Navigo Invest Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Group operating profit more than doubled year-over-year in Q1 2026, with net sales up 7% to 162.1 MSEK and net profit after tax at 16.0 MSEK, up from 6.6 MSEK.
Four out of five portfolio companies improved operating profit, with positive trends across most holdings on a rolling 12-month basis.
Substantial improvement in total comprehensive income, driven by portfolio performance and positive revaluation effects.
Financial highlights
Net sales: 162.1 MSEK (+7% YoY); EBITDA: 27.9 MSEK (+59.6% YoY); Operating profit: 21.8 MSEK (>2x YoY).
Net profit after tax: 16.0 MSEK (6.6 MSEK Q1 2025); EPS: 0.17 SEK (0.06 SEK Q1 2025).
Equity ratio: 76.3% (76.0% Q1 2025); Return on equity: 1.3% (0.5% Q1 2025).
Cash flow from operations: -1.2 MSEK (13.9 MSEK Q1 2025); liquidity at period end: 56.0 MSEK (24.9 MSEK Q1 2025).
Substansvärde (NAV) per share: 10.09 SEK (+0.7% from Q4 2025).
Outlook and guidance
Management sees strong momentum for the remainder of 2026, with continued focus on improving cash flow and capital structure.
Strategic goal remains 15% annual NAV growth per share and gradual reduction of the NAV discount.
- Revenue up, NAV per share rises, but margins and cash flow under pressure in Q2 2024.NAVIGO
Q2 202423 Apr 2026 - Q4 and 2025 saw sharp profit, cash flow, and NAV growth, with strong segment performance.NAVIGO
Q4 202519 Feb 2026 - Q3 sales up 30% year-over-year, strong margins, and net asset value per share up 6%.NAVIGO
Q3 202513 Nov 2025 - H1 2025 saw lower sales and profit, but strong cash flow and positive outlook for H2.NAVIGO
Q2 202521 Aug 2025 - Q3 results were weak overall, but Chemgroup and Geogruppen showed strong growth.NAVIGO
Q3 202413 Jun 2025 - Stable Q1 with margin gains and positive cash flow amid market uncertainty.NAVIGO
Q1 20256 Jun 2025 - Strong revenue growth offset by major goodwill write-downs, resulting in a full-year net loss.NAVIGO
Q4 20245 Jun 2025
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