Strategic Investments (STRINV) Q3 2024 earnings summary

Executive summary

• Net loss of DKK 110.1m for the first nine months of 2024, with a negative return of -22.9% year-over-year.

• Q3 2024 saw a net loss of DKK 27.1m, corresponding to a -6.7% return compared to Q3 2023 profit.

• Equity as of September 30, 2024, was DKK 372.2m, with NAV per share at DKK 0.93; dividend of DKK 0.02 per share paid in April.

• NAV per share as of October 31, 2024, was DKK 0.92.

Financial highlights

• Investment result for 1-3Q 2024 was DKK -104.1m, with operating expenses of DKK 6.0m.

• Equity decreased by DKK 115.0m in 2024, mainly due to the net loss and dividend payout.

• Total assets at September 30, 2024, were DKK 399.0m, with investments making up 84% of assets.

• Cash holdings were DKK 4.7m, and deferred tax assets remained at DKK 20.0m.

• Debt to credit institutions was DKK 24.7m, representing 6% of liabilities.

Outlook and guidance

• Expected full-year 2024 return in the range of -30% to -20%.

• Management emphasizes a long-term investment strategy, noting significant return volatility.