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Havsfrun Investment (HAV) investor relations material
Havsfrun Investment Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net asset value per share decreased by 1.7% year-over-year to 8.94 SEK as of March 31, 2026.
Consolidated result for Q1 2026 was -1.9 MSEK, compared to 2.6 MSEK in Q1 2025.
Investment portfolio rose 0.9% during the quarter, outperforming the global equity market but underperforming the previous year.
B-share total return was -1.7% versus 39.9% in Q1 2025; share price at quarter-end was 14.30 SEK.
No significant events occurred after the reporting period.
Financial highlights
Net asset value at quarter-end: 108.2 MSEK (113.1 MSEK last year).
Earnings per share: -0.16 SEK (0.22 SEK last year).
Cash and cash equivalents (including money market funds): 34.9 MSEK.
Equity ratio: 98.8% (98.5% last year).
Dividend of 1.00 SEK per share (12.1 MSEK total) paid on April 2, 2026.
Outlook and guidance
Focus remains on selective acquisitions and supporting companies aiming for listing.
Continued evaluation of reverse takeover opportunities through HF Reverse (RTO) AB.
Ongoing search for business opportunities to create long-term shareholder value.
- Strong annual profit, NAV growth, and portfolio outperformance, plus new business expansion.HAV
Q4 202518 Feb 2026 - Net asset value per share up 12% and B share total return 30.4%, with HF Reverse listed.HAV
Q3 202522 Oct 2025 - NAV per share up 5.6%, strong portfolio return, and HF RTO subsidiary set for listing.HAV
Q2 202519 Aug 2025 - Substansvärdet ökade svagt, men B-aktiens totalavkastning var negativ och portföljen underpresterade.HAV
Q3 202413 Jun 2025 - Svagt halvår med negativ avkastning och fortsatt fokus på strukturell expansion.HAV
Q2 202413 Jun 2025 - NAV up 2.4% and portfolio outperformed markets; SPAC launch planned for 2025.HAV
Q1 20256 Jun 2025 - Substansvärdet minskade 2,0% och resultatet blev -2,5 MSEK för 2024.HAV
Q4 20245 Jun 2025
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