Xer Tech (XER) Q4 2024 earnings summary

Executive summary

• 2024 marked by cautious investment approach, with focus on value creation and selective dealmaking; several active investment discussions ongoing for 2025.

• Largest holding, Gosol Energy Group AB, faced a >60% market decline but outperformed peers and paid a 10 MSEK dividend.

• Substantial write-downs in Pep Securities AB and the options portfolio due to negative market developments.

Financial highlights

• Net result for Q4 2024: -4.0 MSEK (Q4 2023: 1.7 MSEK); full year 2024: -13.3 MSEK (2023: -10.8 MSEK).

• Revenue for 2024: 207 TSEK (2023: 283 TSEK); Q4 2024: 132 TSEK (Q4 2023: 0 TSEK).

• EBITDA for 2024: -1,396 TSEK (2023: -1,880 TSEK); Q4 2024: -250 TSEK (Q4 2023: -583 TSEK).

• Cash position at year-end: 9.4 MSEK (2023: 8.4 MSEK); no long-term debt.

• Equity at year-end: 27.0 MSEK (2023: 40.2 MSEK).

Outlook and guidance

• Entering 2025 with multiple ongoing investment discussions and a focus on three parallel value-creation strategies: structured deals, SPAC-like activities, and potential merger with a larger investment company.

• Management expresses confidence in value creation for shareholders in 2025.