Bure (BURE) Q3 2026 earnings summary

Executive summary

• Net asset value rose 34.8% to SEK 360.0 per share from year-end; nine-month share total return was 29.2% versus 10.8% for the SIX Return Index.

• Nine-month earnings after tax were SEK 7,101M, versus a loss of SEK 4,098M a year earlier, driven mainly by fair value gains on financial assets.

Financial highlights

• Nine-month investment activity income was SEK 7,173M, including SEK 6,911M in fair value gains and SEK 262M in dividends; operating profit was SEK 7,094M.

• Q3 investment activity income was SEK 1,298M and after-tax earnings were SEK 1,277M, compared with losses of SEK 203M and SEK 217M, respectively, in Q3 2025.

• Nine-month diluted EPS was SEK 94.94 versus a loss of SEK 55.27; basic EPS was SEK 95.52 versus a loss of SEK 55.27.

• Unlisted holdings recorded a positive value adjustment of SEK 225M, mainly for Atle Investment Management and Nodica Group; Mentimeter was revalued down SEK 173M on lower listed-comparable valuations.

Outlook and guidance

• NAV was SEK 334.0 per share on 4 November, up 25.0% since year-start and below SEK 360.0 at September-end.

• Mycronic set 2032–2035 targets of SEK 20Bn in net sales and an EBIT margin of ~25%.