Newcap (NEWCAP) Q4 2024 earnings summary

Executive summary

• Net profit of DKK 0.7 million in 2024, up from a loss of DKK -0.7 million in 2023, driven by final settlement of earn-out agreements from the 2019 business sale.

• Board continues to explore strategic options, including new activities, investors, or potential liquidation, aiming for a decision by end of Q2 2025.

• Extraordinary dividend of DKK 15.1 million (DKK 0.12 per share) paid in October 2024.

• No significant events after the balance sheet date affecting the financial position as of December 31, 2024.

Financial highlights

• Revenue is not reported due to lack of operating activities; main income from earn-out settlements.

• Operating loss before financial items: DKK -3.1 million (2023: DKK -2.7 million), in line with guidance when including dispute costs.

• Net financial income: DKK 3.8 million, mainly from earn-out value adjustments and currency effects.

• Total assets: DKK 13.3 million (2023: DKK 27.7 million), with all assets in cash.

• Equity: DKK 12.0 million (2023: DKK 26.4 million); liabilities: DKK 1.3 million.

Outlook and guidance

• Expected operating loss before financial items for 2025: DKK -2 to -3 million, excluding costs for potential new activities.

• No further dividend planned until strategic direction is clarified.

• Board aims to conclude on the company’s future by end of Q2 2025.