Abelco Investment Group (ABIG) Q3 2024 earnings summary

Executive summary

• Focused on refining the portfolio by divesting non-contributing holdings and analyzing remaining assets for strategic planning.

• Ensured liquidity by selling parts of RightBridge Ventures Group and Quickbit holdings.

• Initiated discussions on a potential share consolidation to increase per-share value ahead of regulatory changes.

• Continued to explore new business opportunities to enhance cash flow.

Financial highlights

• Portfolio market value as of September 30, 2024, was approximately SEK 97.9 million, up SEK 4.4 million from Q2 2024.

• About SEK 30 million of the portfolio value is in listed companies.

• Divested RightBridge Ventures Group shares worth SEK 0.42 million during the quarter.

Outlook and guidance

• Ongoing portfolio review aims to clarify the current state, strengthen balance sheets, and present a future plan by November 2024.

• BetterPay expects revenue recovery in Q4, and Fatberry targets EBITDA breakeven in 2024.

• Next financial report scheduled for February 27, 2025.