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Northern CapSek Ventures (CAPS) investor relations material
Northern CapSek Ventures Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net result for Q3 2025 was approximately -1.1 MSEK, with portfolio revaluations contributing +0.1 MSEK during the quarter.
A non-binding LOI was signed for a merger with Arctic Space Technologies AB, aiming for completion before year-end 2025/2026.
The investment portfolio at period-end included 11 tech companies, with a net asset value of 44.4 MSEK (96.5 SEK per share).
A rights issue after the period raised 7.4 MSEK before costs.
Financial highlights
Q3 2025 net sales were 40 TSEK, down from 52 TSEK in Q3 2024.
EBITDA for Q3 was -1,084 TSEK (Q3 2024: -1,400 TSEK); EBIT was -1,156 TSEK (Q3 2024: -2,388 TSEK).
Net result for Q3 was -1,052 TSEK (Q3 2024: -209 TSEK); EPS was -2.3 SEK (Q3 2024: -1.1 SEK).
For the first nine months, net result was -3,346 TSEK (9M 2024: 1,058 TSEK).
Net asset value per share at period-end was 96.48 SEK; share price was 27 SEK, reflecting a 72% discount.
Outlook and guidance
The company is focused on the planned merger with Arctic Space, viewing it as a strategic shift toward a more operational role.
The defense and space sectors are seen as long-term growth areas, supporting the merger rationale.
The recent capital raise strengthens financial flexibility for ongoing strategic initiatives.
- TimeTickerHeadlineOpen
- CSIG
IPO seeks $922M+ for tech-driven capital markets platform; strong growth, high dilution, controlled structure. - SVEA
Net profit rose 41% to 10,910 MSEK in 2025, with a proposed 1,338 MSEK dividend. - SWK
Gross margin and net income rose, with CAM divestiture set to reduce debt and boost 2026 outlook. - TOM2
Record Automotive backlog and margin gains offset a 3% revenue decline in 2025. - CMBT
Q1 profit, Golden Ocean merger, and decarbonization drive strong outlook. - CBT
Adjusted EPS down 13% to $1.53 as Battery Materials growth offset Reinforcement Materials decline. - ADVENZYMES
Q3 FY26 revenue up 2% YoY, PAT up 11%, with wind power SPV investment approved. - SIMO
Q4 2025 revenue and margins surged on SSD, eMMC/UFS, and automotive growth; 2026 outlook strong. - FSV
Annual revenue up 5% to $5.50B; Adjusted EBITDA and EPS both saw double-digit growth. - QLINEA
Over 400% revenue growth in 2025, with US expansion and breakeven targeted for 2027.
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