Creades (CRED) Q4 2025 earnings summary

Executive summary

• Net asset value (NAV) return for 2025 was +12%, below the OMXSGI index return of +13% for the same period.

• Earnings per share for the year were SEK 8.93, up slightly from SEK 8.85 last year.

• Major portfolio transactions included the sale of Stabelo, Yabie, and Brocc, and acquisitions of Silex and Lumene.

• Dividend proposal remains at SEK 1.60 per share, totaling SEK 217 million, distributed quarterly.

Financial highlights

• Full-year profit was SEK 1,213 million, compared to SEK 1,202 million last year.

• NAV per share at year-end was SEK 83, up from SEK 75.

• Cash position at year-end was SEK 287 million, with an additional SEK 104 million in uninvested managed funds.

• Solid equity ratio of 99% at year-end.

Outlook and guidance

• Management expects improved consumer markets and aims to enhance performance in actively managed holdings in 2026.

• Signs of strengthening consumer markets are emerging, and normalization of small-cap valuations is anticipated.