Siljansvik (SIVI) Q2 2025 earnings summary

Executive summary

• Major restructuring continued, focusing on electricity networks, fiber networks, infrastructure services, and power production.

• Completed sale of 3,507 shares in Denevis AB for SEK 481 million, reducing ownership to 35%.

• Acquired additional shares in Dala Vind AB, increasing ownership to 55.6% and consolidating it as a subsidiary.

• Voluntary redemption program resulted in 89% participation, with SEK 1,488 million paid to shareholders.

• Significant cash position enables further investments aligned with strategic goals.

Financial highlights

• Net sales for H1 2025 were SEK 12,465 thousand, a 94% decrease year-over-year due to restructuring.

• Result after tax for H1 2025 was SEK 30,456 thousand, down 16% year-over-year.

• Earnings per share for H1 2025 reached SEK 2.39, up from SEK 1.46 year-over-year.

• Available capital at quarter-end was SEK 644,736 thousand, up from SEK 15,620 thousand year-over-year.

• NAV per share as of June 30, 2025, estimated at SEK 163 (range 155–173).

Outlook and guidance

• Board to finalize strategy for continued development in autumn.

• Focus remains on value creation for both shareholders and the community, leveraging strong cash position for future investments.

• Updated NAV valuation to be provided after Q3, reflecting ongoing structural changes.