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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Upgrade Invest Nordic
Upgrade Invest Nordic (UPGRAD) investor relations material
Upgrade Invest Nordic Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Net sales for 2025 were 0 TSEK, down from 200 TSEK in 2024, reflecting a lack of new revenue-generating activities.
Operating loss improved to -836 TSEK for the year, compared to -1,131 TSEK in 2024.
Net result for 2025 was -794 TSEK, an improvement from -931 TSEK the previous year.
No dividend is proposed for the 2025 financial year.
Climacheck, the largest holding, was sold to an industrial buyer, with most proceeds expected in 2026.
Financial highlights
Total income for Q4 2025 was 0 TSEK, compared to 200 TSEK in Q4 2024.
Operating result for Q4 2025 was -188 TSEK, versus -160 TSEK in Q4 2024.
Earnings per share for 2025 were -0.39 SEK, up from -0.60 SEK in 2024.
Net asset value at year-end was 5.3 MSEK, or 2.6 SEK per share.
Cash position at year-end was 1.2 MSEK, with no long-term debt.
Outlook and guidance
Focus remains on supporting growth companies aiming for IPOs within two years.
Challenging capital-raising environment for unlisted companies continues to impact business opportunities.
Proceeds from the Climacheck exit will strengthen financial position and support new investments in 2026.
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Next Upgrade Invest Nordic earnings date
Q1 202614 May, 2026
Upgrade Invest Nordic
Next Upgrade Invest Nordic earnings date
Q1 202614 May, 2026
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Upgrade Invest Nordic operates as an investment and financial services company specializing in portfolio management and advisory solutions. The company provides services tailored to institutional and private investors, including investment strategies, asset allocation, and risk management. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Spotlight Stock Market.
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