Dividend Sweden (DIV) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 reached 5.5 MSEK, up from 0.7 MSEK year-over-year, driven by increased market activity and a share distribution deal.

• Net income after tax was 2.1 MSEK, compared to a loss of -1.4 MSEK in Q1 2024; EPS improved to 0.02 SEK from -0.02 SEK.

• Substantial share distribution in First Nordic Metals and Acenta Group listing on Nasdaq First North marked key portfolio events.

• Portfolio companies, especially in unlisted holdings, continue to develop positively, with expectations of significant transactions in 2025.

Financial highlights

• Operating income for Q1 2025 was 2.2 MSEK, up from -1.3 MSEK year-over-year.

• Equity at period end was 69.7 MSEK, up from 58.0 MSEK a year earlier.

• Cash and bank balances stood at 0.5 MSEK, compared to 0.1 MSEK in Q1 2024.

• Portfolio value increased to 72.2 MSEK from 56.3 MSEK year-over-year.

• Cash flow from operations was -0.4 MSEK, an improvement from -2.0 MSEK in Q1 2024.

Outlook and guidance

• Management anticipates increased deal flow and listing activity in 2025 despite a volatile market.

• Ongoing focus on new share distribution deals and further value creation in portfolio companies.

• Expectation of continued positive impact from key portfolio transactions during the year.