Siljansvik (SIVI) Q2 2026 earnings summary

Executive summary

• Result after financial items for H1 2026 reached 78.7 MSEK, up from 29.2 MSEK in H1 2025, driven by both investment and capital portfolios.

• All portfolio companies improved pre-tax results; Dala Vind's EBITDA rose to 13.5 MSEK from 1 MSEK year-over-year.

• Acquisition of 51% in Kalmar Energi Försäljning AB strengthens position in customer-centric energy solutions.

Financial highlights

• Net sales for Q2 2026 were 17,151 TSEK, up from 7,767 TSEK in Q2 2025; H1 2026 net sales were 40,623 TSEK, up from 12,465 TSEK year-over-year.

• Result after financial items for Q2 2026 was 57,878 TSEK (Q2 2025: 4,245 TSEK); H1 2026: 78,742 TSEK (H1 2025: 29,173 TSEK).

• Earnings per share for Q2 2026 were 3.40 SEK (Q2 2025: 0.66 SEK); H1 2026: 4.86 SEK (H1 2025: 2.39 SEK).

• Substantial contribution from unrealized gains in the capital portfolio; orealized value changes accounted for 54,438 TSEK in Q2.

Outlook and guidance

• Focus remains on long-term value creation through selective investments, active ownership, and strong partnerships.

• The acquisition of Kalmar Energi Försäljning AB and the establishment of Närkraft AB are expected to drive future growth and operational synergies.

• Financial targets include annual NAV growth above 7%, real return on available capital exceeding inflation by at least 3 percentage points, and annual dividend above 2.50 SEK per share.