WebRock Ventures (WRV) Q1 2025 earnings summary

Executive summary

• Achieved strategic milestone with FinanZero exit, focusing on core holdings BFG and Olik, both showing strong growth and scalability.

• Olik reached cash flow positivity in April, and BFG advanced consolidation of Lara and Qred to drive efficiency.

• Net Asset Value (NAV) increased 0.5% quarter-over-quarter to SEK 259.3 million, but down 58.5% year-over-year due to portfolio revaluations.

Financial highlights

• Operating profit for Q1 2025 was SEK 1.2 million, compared to a loss of SEK -19.9 million in Q1 2024.

• Net profit was SEK 1.2 million, up from SEK -20.0 million year-over-year; profit per share SEK 0.06 vs. SEK -1.02.

• NAV per share rose to SEK 12.3 from SEK 12.2 sequentially, but declined from SEK 29.6 year-over-year.

• Portfolio value at quarter-end was SEK 251.7 million, with cash and equivalents of SEK 5.4 million.

• Investments during the period were SEK 0.0 million, down from SEK 11.0 million in Q1 2024.

Outlook and guidance

• Focus remains on scaling BFG and Olik with disciplined capital allocation and strategic clarity.

• Webrock is well-capitalized post-FinanZero exit and does not anticipate needing additional funding in the near term.

• Olik targets over 300% annual growth in 2025 while maintaining positive cash flow.