Strategic Investments (STRINV) investor relations material

Executive summary

• Net loss of DKK 87.2m for Q1 2026, corresponding to a -20.4% return year-over-year.

• Negative result mainly due to a DKK 74.4m write-down on GreenMobility investment.

• Equity as of March 31, 2026, was DKK 295.5m, with NAV per share at DKK 0.73.

• Dividend of DKK 0.02 per share proposed at the general meeting.

Financial highlights

• Investment result for Q1 2026 was DKK -85.3m, compared to DKK -37.9m in Q1 2025.

• Operating expenses remained stable at DKK 1.9m.

• Equity decreased by DKK 75.7m from year-end 2025, mainly due to the negative result, partially offset by a capital increase of DKK 11.4m.

• NAV per share fell from DKK 0.92 at year-end 2025 to DKK 0.73 at March 31, 2026.

• Circulating shares at period end: 403.9 million.

Outlook and guidance

• Full-year 2026 result expected to align with long-term target of 10–15% annual return.

• Small cap market challenges and low liquidity expected to persist.

• Geopolitical risks, especially in the Middle East, could impact energy prices and inflation, but no major long-term negative effects anticipated.