Bure (BURE) Q2 2026 earnings summary

Executive summary

• Net asset value per share rose 28.4% to SEK 342.9 as of June 30, 2026, with total net assets at SEK 25,443M, driven by strong portfolio company performance and market recovery.

• Group earnings after tax for H1 2026 were SEK 5,824M, a significant turnaround from SEK -3,881M in H1 2025; EPS was SEK 78.0 (vs. -52.4).

• Silex Microsystems was listed on Nasdaq Stockholm, with its value increasing from SEK 900M to SEK 3.3B, becoming the second largest holding.

• Major divestments included Ovzon shares for SEK 458M and Fondbolaget Fondita for EUR 2M.

• CEO Henrik Blomquist announced his departure by June 2027 at the latest.

Financial highlights

• Net asset value per share increased 41.0% in Q2 2026, recovering losses from 2025.

• Total return on the share was 9.1% YTD, outperforming the SIX Return Index at 8.1%.

• Group equity at period end was SEK 25,448M, with an equity ratio of 86%.

• Net receivables stood at SEK 543M, with interest-bearing assets of SEK 545M and liabilities of SEK 3M.

• Ordinary dividend of SEK 2.75 per share paid, totaling SEK 204M.

Outlook and guidance

• Portfolio companies, especially Mycronic, Yubico, and Silex, are expected to continue strong performance.

• Silex's US expansion and new credit facility support long-term growth.

• Mycronic raised its full-year sales forecast after strong order intake.