Siljansvik (SIVI) Q1 2025 earnings summary

Executive summary

• Transitioning from a traditional energy company to a future-oriented energy investment firm with strong local roots, focusing on energy and digital infrastructure sectors.

• Q1 2025 marked by major restructuring, including divestments and acquisitions, and a new strategic direction emphasizing sustainability and local value creation.

• Key events: option agreements with municipalities for Denevis AB shares, increased stake in Dala Vind AB, and launch of a new solar park.

Financial highlights

• Net sales for Q1 2025 were 4,698 tkr, down 96% year-over-year due to restructuring.

• Result after tax was 23,760 tkr, a 3.4% decrease compared to Q1 2024.

• Operating income (EBIT) was 14,327 tkr, down from 32,199 tkr in Q1 2024.

• Substantial increase in share of profit from associates to 19,259 tkr (from 7,442 tkr), reflecting new structure.

• Net asset value per share rose to 143 kr from 41 kr year-over-year.

• Cash and short-term investments at period end totaled 1,562,856 tkr.

Outlook and guidance

• 2025 is a year of transformation, with focus on building a stronger, more focused group and continued investments in local, sustainable energy and digital infrastructure.

• Financial targets: annual ROIC above 8%, NAV growth over 7%, and dividends of at least 2.50 kr per share.

• Committed to supporting the green transition and digitalization as core growth drivers.