Collaxio (COLLAX) Q2 2025 earnings summary

Executive summary

• Strategic transformation executed, shifting focus from listed Asian equities to unlisted growth companies via a buy-and-build strategy, including the acquisition of Curitas Ventures AB with 13 unlisted holdings.

• Divestment of the previous Asian portfolio and distribution of both ordinary and extraordinary dividends totaling 1.72 SEK per share.

• New board and interim CEO appointed to support the new direction; company to operate under the name Collaxio, pending formal name change.

Financial highlights

• Net asset value (NAV) at quarter-end was SEK 88m (3.02 SEK/share), down from SEK 113m (3.88 SEK/share) at the start of the quarter.

• Total comprehensive income for Q2 was -SEK 15m (-14m YoY); for H1, -SEK 22m (-8m YoY).

• Extraordinary dividend of 1.52 SEK/share (SEK 44m) in addition to the regular dividend of 0.20 SEK/share.

• Cash and cash equivalents at quarter-end were SEK 82.8m, up from SEK 4.0m YoY, mainly due to asset sales.

Outlook and guidance

• Effects of the Curitas Ventures acquisition will be reflected in Q3; post-transaction NAV estimated at SEK 109m (1.79 SEK/B-share).

• Management sees opportunities for further portfolio acquisitions and value creation in the unlisted segment.