Collaxio (COLLAX) Q3 2024 earnings summary

Executive summary

• Substantial recovery in Q3 2024, with total comprehensive income of 12,636 tkr versus -8,121 tkr in Q3 2023, and 4,389 tkr for Jan–Sep 2024 compared to -44,300 tkr year-over-year.

• Net asset value (NAV) per share rose 11% in Q3 to 4.27 kr, and reached 4.46 kr by October 31, 2024, up 4% since year-end.

• Portfolio companies delivered double-digit revenue growth and improved profitability, especially in the services sector.

Financial highlights

• NAV at period end: 123,782 tkr (171,980 tkr in 2023); NAV per share: 4.27 kr (5.36 kr in 2023).

• Q3 total comprehensive income: 12,636 tkr (Q3 2023: -8,121 tkr); Jan–Sep: 4,389 tkr (Jan–Sep 2023: -44,300 tkr).

• Result per share Jan–Sep: 0.15 kr (-1.32 kr in 2023); Q3: 0.44 kr (-0.25 kr in 2023).

• Cash and equivalents at Q3 end: 3,768 tkr (22,855 tkr in 2023).

• Equity at Q3 end: 123,782 tkr (171,980 tkr in 2023).

Outlook and guidance

• Management is cautiously optimistic for 2025, focusing on cost efficiency and expecting positive effects from Chinese stimulus packages.

• If Chinese inflation reaches 2–3% in 2025, portfolio companies could see significant growth.