I Love Lund (LOVE) Q3 2025 earnings summary

Executive summary

• Focused on supporting existing portfolio companies, with no new investments during the quarter.

• Portfolio rebalancing continued, with partial divestments in listed holdings and increased allocation to unlisted companies.

• Active participation in follow-on rounds for key holdings such as Beammwave, Parlametric, and Bionamic.

• Engaged shareholders through events, pitch sessions, and networking activities, strengthening the local investment ecosystem.

Financial highlights

• Operating result for Q3 was -678 TSEK, nearly unchanged from -681 TSEK in the same quarter last year.

• Net result after financial items improved to -76 TSEK from -1.5 MSEK year-over-year for the quarter.

• For the nine-month period, operating result was -2.3 MSEK (vs. -2.2 MSEK), and net result after financial items was -4.1 MSEK (vs. -4.5 MSEK).

• Equity per share at period end was 83.48 SEK (102.74 SEK), and net asset value per share was 110.96 SEK.

• Result per share for the quarter was -0.18 SEK (vs. -3.93 SEK).

Outlook and guidance

• No formal forecasts provided; management expresses optimism for improved returns as the economic cycle turns.