Lärkberget (LARK) Q2 2025 earnings summary

Executive summary

• Completed a strategic transformation from research to investment focus, including a name change and full divestment of research activities.

• New leadership appointed: Luca Di Stefano as interim CEO and Robert Klatzkow as chairman.

• Foundation laid for initial investments, with a focus on long-term value creation and risk-adjusted returns.

• Dividend of 0.20 SEK per share (3.96 MSEK) distributed in June 2025.

Financial highlights

• Net sales for Jan–Jun 2025: 252 TSEK (992 TSEK Jan–Jun 2024).

• Result after financial items: -12,339 TSEK (-8,403 TSEK Jan–Jun 2024), mainly due to costs from winding down research.

• Cash flow for the period: -13,466 TSEK (-17,796 TSEK Jan–Jun 2024).

• Cash and cash equivalents at period end: 60,282 TSEK (83,553 TSEK Jun 2024).

• Equity per share: 2.79 SEK (4.78 SEK Jun 2024).

Outlook and guidance

• Next report expected to show investment-related income as the new strategy is implemented.

• Ambition to present first long-term portfolio investments in the second half of 2025.

• Cost base significantly reduced, aiming for a positive financial result in the next period, adjusted for a one-time severance cost of 2.2 MSEK.