Traction (TRAC) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was SEK 128m versus a loss of SEK 62m a year earlier; NAV per share rose 3% during the quarter, adjusted for dividends.

• 9M net income reached SEK 369m, and NAV per share increased 9% adjusted for dividends; results benefited from gains in financial placements and active holdings.

Financial highlights

• Q3 result included SEK 116m of fair-value changes, SEK 8m of dividends and SEK 7m of financial income; 9M figures were SEK 241m, SEK 115m and SEK 26m, respectively.

• Q3 EPS was SEK 8.64 versus negative SEK 4.14; 9M EPS was SEK 24.99 versus SEK 2.63.

• Equity at September 30 was SEK 4,539m, or SEK 308 per share, versus SEK 4,153m and SEK 281 per share a year earlier.

Outlook and guidance

• Focus is shifting toward new financial equity investments, including potentially larger individual positions; higher market rates may create opportunities to expand interest-bearing investments.

• Active holdings remain a priority, with emphasis on growth initiatives and value-creating structural transactions.

• Space Nord Invest’s planned voluntary liquidation could distribute about SEK 255m to shareholders, preliminarily expected no earlier than Q2 2027; the attributable share is just under SEK 134m.