Havsfrun Investment (HAV) Q1 2026 earnings summary

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.