Traction (TRAC) Q1 2025 earnings summary

Executive summary

• Net income for Q1 2025 was 59 MSEK, down from 128 MSEK year-over-year, mainly from active listed holdings and financial placements.

• Earnings per share were 3.98 SEK, compared to 8.67 SEK in Q1 2024.

• Net asset value per share increased to 291 SEK, up 1% from the previous quarter.

• Board proposes a dividend of 9.00 SEK per share, down from 10.45 SEK.

• Sale of all A-shares in OEM International for 420 MSEK and acquisition of B-shares for 195 MSEK strengthened liquidity.

Financial highlights

• Result after tax: 59 MSEK (128 MSEK Q1 2024), including value changes of 22 MSEK (91 MSEK) and dividends of 25 MSEK (21 MSEK).

• Financial placements contributed 9 MSEK (109 MSEK), with -4 MSEK from shares and +13 MSEK from interest-bearing assets.

• Cash and short-term interest-bearing assets totaled 1,170 MSEK at quarter-end.

• Equity at quarter-end was 4,306 MSEK, with 14,789,847 shares outstanding (excluding treasury shares).

Outlook and guidance

• Management expects continued financial market volatility and economic slowdown due to global trade tensions and US policy uncertainty.

• Post-quarter, value change on listed holdings was -27 MSEK as of May 7, 2025.