Blick Global Group (BLICK) Q2 2025 earnings summary

Executive summary

• Achieved strong development in Q2 2025, with a focus on building a modern investment company and maintaining low fixed costs.

• Portfolio now consists of three strategic holdings in technology and digital growth sectors, all fully financed with own cash.

• Completed investment in eEquity SPV Prisjakt AB, gaining exposure to a leading Nordic price comparison brand.

• After the period, divested entire holding in CoreWeave, realizing a 145% gain in SEK over nine months.

• Ended the period with a strong cash position of approximately 6.8 MSEK, enabling new investments in H2 2025.

Financial highlights

• Q2 2025 total revenue was 0 KSEK, down from 6 KSEK in Q2 2024; H1 2025 revenue was 0 KSEK, down from 224 KSEK year-over-year.

• Q2 2025 EBITDA and EBIT were 61 KSEK, compared to -496 KSEK in Q2 2024; H1 2025 EBITDA and EBIT were -296 KSEK, up from -709 KSEK year-over-year.

• Earnings per share for Q2 2025 was -0.00 SEK (Q2 2024: -0.05 SEK); H1 2025 was -0.02 SEK (H1 2024: -0.07 SEK).

• Net asset value (NAV) per share increased by 85% from Q1 to Q2 2025, reaching 0.89 SEK.

• Group equity at period end was 6,746 KSEK, up from 5,893 KSEK year-over-year.

Outlook and guidance

• Management anticipates continued positive capital development in H2 2025, supported by a streamlined cost structure and strong cash position.

• Focus remains on value creation, structural capital, and investments in future-driven sectors.