Traction (TRAC) Q2 2026 earnings summary

Executive summary

• Net profit after tax for Q2 was 345 MSEK (42 MSEK last year), driven by strong value changes and dividends from both listed and unlisted holdings.

• Earnings per share for Q2 reached 23.36 SEK (2.81 SEK), and net asset value per share increased by 8% adjusted for dividends.

• Major events included a public takeover bid for Nilörngruppen and the planned divestment of HifabGruppen by Hultström Group.

• Participation in a major new share issue in Portmeirion increased ownership to 26%.

Financial highlights

• Q2 net profit after tax: 345 MSEK (42 MSEK); H1 net profit: 242 MSEK (100 MSEK).

• Earnings per share Q2: 23.36 SEK (2.81 SEK); H1: 16.37 SEK (6.79 SEK).

• Net asset value per share at June 30: 299 SEK (285 SEK).

• Return on active listed holdings Q2: 18% (0%); H1: 9% (6%).

• Return on other listed shares Q2: 8% (7%); H1: 6% (7%).

Outlook and guidance

• The public offer for Nilörngruppen will be completed, with proceeds of over 226 MSEK expected around July 22.

• Hultström Group's divestment of HifabGruppen is pending shareholder approval, with net assets post-sale estimated at 4.17 SEK/share.

• After Q2, value change including dividends on listed holdings was 42 MSEK as of July 14.