Value8 (VALUE) H1 2024 earnings summary

Executive summary

• Net profit for the first half of 2024 was €8.9 million, up from €2.1 million in the same period last year, driven by strong fair value gains in listed investments and realized results.

• Net asset value per share increased to €10.28 as of 30 June 2024, compared to €9.37 at year-end 2023.

• Portfolio includes significant holdings in both private equity and listed investments, with a focus on Dutch and European companies.

Financial highlights

• Total operating income rose to €9.99 million from €3.16 million year-over-year, mainly due to higher fair value changes in listed investments.

• Earnings per share increased to €0.91 from €0.20 year-over-year.

• Total assets grew to €114.5 million as of 30 June 2024, up from €108.7 million at year-end 2023.

• Equity attributable to shareholders rose to €106.0 million from €97.2 million at year-end 2023.

• Cash flow from operating activities was €2.6 million, compared to negative €0.6 million in the prior year period.

Outlook and guidance

• Board confirms that the semi-annual report provides a fair view of important events and main risks for the remainder of 2024.