Strategic Investments (STRINV) Q2 2026 earnings summary

Executive summary

• Net result for H1 2026 was DKK -57.3m, a return of -16.6%, mainly due to a decline in the largest investment, GreenMobility.

• Q2 2026 saw a positive result of DKK 29.8m, corresponding to a 4.8% return.

• Equity as of June 30, 2026, was DKK 318.6m, with NAV per share at DKK 0.77.

• Dividend of DKK 0.02 per share was paid in spring 2026.

Financial highlights

• H1 2026 net result: DKK -57.3m (H1 2025: DKK -52.8m); Q2 2026 net result: DKK 29.8m (Q2 2025: DKK -13.0m).

• Investment result for H1 2026: DKK -52.7m; Q2 2026: DKK 32.6m.

• Equity decreased by DKK 52.6m in H1 2026, affected by the negative result and dividend payout, partially offset by share issuance and sale of treasury shares.

• Balance sheet total as of June 30, 2026: DKK 403.2m.

• NAV per share as of June 30, 2026: DKK 0.77 (Dec 31, 2025: DKK 0.92).

Outlook and guidance

• Full-year 2026 return expected in the range of 10% to 15%, but with unusually high uncertainty due to challenging small cap environment and high portfolio concentration.

• GreenMobility remains a significant swing factor for results.