)
Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Northern CapSek Ventures
Northern CapSek Ventures (CAPS) investor relations material
Northern CapSek Ventures Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Reported a full-year net loss of -8.8 MSEK for 2025, with Q4 net loss at -5.4 MSEK, mainly due to portfolio revaluations and operating costs.
Portfolio consists of 11 tech companies, with a focus on scale-up phase; average revenue growth for eight on the scale-up stage was 30% year-over-year.
Ongoing due diligence and negotiations for a merger with Arctic Space Technologies, aiming for completion in Q1 2026.
Financial highlights
Net sales for 2025 reached 249 TSEK, up from 227 TSEK in 2024; Q4 net sales were 39 TSEK, up from 29 TSEK in Q4 2024.
EBITDA for 2025 was -5,570 TSEK, an improvement from -6,371 TSEK in 2024.
EBIT for 2025 was -5,855 TSEK, compared to -9,773 TSEK in 2024.
Net result for 2025 was -8,793 TSEK, compared to -2,532 TSEK in 2024.
Result per share for 2025 was -9.5 SEK, compared to -12.5 SEK in 2024.
Substansvärde (NAV) per share at year-end was 47.0 SEK, with a share price discount of 81.5%.
Outlook and guidance
Cost base has been reduced, with annualized costs now at approximately 4 MSEK, expected to have full effect in 2026.
Strategic focus for 2026 is to complete a structural transaction, primarily the Arctic Space merger.
What is the critical milestone for Arctic Space deal?
Explain the large discount on listed holdings
Impact of reduced costs on 2026 profitability
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Northern CapSek Ventures
- Net loss in Q3, strategic Arctic Space merger planned, and 7.4 MSEK raised post-period.CAPS
Q3 202528 Nov 2025 - Q2 net loss -1.7 MSEK, NAV 44 MSEK, 79% discount; rights issue planned for strategic growth.CAPSQ2 202522 Aug 2025
- Nine-month profit driven by unlisted tech portfolio revaluations; NAV discount remains high.CAPSQ3 202413 Jun 2025
- Positive H1 2024 net result and strong unlisted portfolio growth despite Q2 loss.CAPSQ2 202413 Jun 2025
- Net loss of -616 TSEK in Q1 2025; portfolio revaluations and tech focus remain key.CAPSQ1 20256 Jun 2025
- 2024 net loss improved to -2.5 MSEK, with portfolio NAV at 47 MSEK and 62% discount.CAPSQ4 20246 Jun 2025
Next Northern CapSek Ventures earnings date
Q1 202623 May, 2026
Northern CapSek Ventures
Next Northern CapSek Ventures earnings date
Q1 202623 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage