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Investment Spiltan (SPLTN) investor relations material
Investment Spiltan Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net asset value per share as of December 31, 2025, was SEK 282.61, down from SEK 289.05 the previous year, reflecting a -2.53% return versus SIX RX's +12.68% for the year.
Full-year result after tax was -SEK 265 million (-SEK 14 million last year), mainly due to a SEK 690 million value decline in Paradox Interactive.
Fourth quarter return was +1.36% (SIX RX +6.47%), with a quarterly result of SEK 93 million (SEK 372 million last year).
Ordinary dividend of SEK 2 per share and an extra dividend of SEK 2 per share proposed.
Financial highlights
Net asset value at year-end: SEK 8,469 million (SEK 8,977 million last year).
Market value of shares: SEK 5,826 million (SEK 6,895 million last year).
Earnings per share: -SEK 8.90 for the year (previous year: -SEK 0.44); Q4 EPS: SEK 3.18 (Q4 last year: SEK 12.27).
Solid equity ratio of 99% at year-end.
Cash flow for the year was -SEK 54 million, with cash and equivalents at SEK 14 million at year-end.
Outlook and guidance
Management remains optimistic about long-term value creation, emphasizing disciplined investment and a strong brand.
No significant events after the balance sheet date.
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