BlueYield (SHIP) Q2 2025 earnings summary

Executive summary

• First interim report covers 6 Nov 2024 to 30 Jun 2025, following acquisition of Blue Yield AS and listing on Nordic SME.

• Portfolio now includes minority interests in 29 SPVs managing 43 vessels across shipping segments.

• Good cash position maintained, with selective investments and some divestment opportunities identified.

Financial highlights

• Operating profit for the period was SEK -10,437 thousand.

• Net loss for the period was SEK -11,950 thousand, or SEK -3.73 per share.

• Net asset value (NAV) per share at 30 June 2025 was SEK 91.35.

• Market value per share at period end was SEK 100.00.

• Loss mainly due to SEK 6,100 thousand in non-recurring acquisition and share issue costs, and SEK 5,700 thousand in unrealised fair value changes.

Outlook and guidance

• Focus remains on building and developing the portfolio to drive value growth and provide attractive dividend yield.

• Continued investment in existing portfolio companies, especially in dry bulk and MPP segments.