WebRock Ventures (WRV) Q2 2025 earnings summary

Executive summary

• Achieved a 2.0% quarter-over-quarter increase in Net Asset Value (NAV) to SEK 264.4 million as of June 30, 2025, with NAV per share at SEK 12.5.

• Completed the sale of FinanZero stake, generating SEK 12.0 million in net proceeds and a 1.5x return on invested capital.

• Olik reached cash flow positivity and posted record revenue growth, while Lara Finance Group consolidated subsidiaries and improved capital structure.

• Entered a new partnership with a leading global music company to launch a subsidiary in Brazil.

Financial highlights

• Operating profit for Q2 2025 was SEK 5.1 million, compared to a loss of SEK -137.4 million in Q2 2024.

• Net profit for Q2 2025 was SEK 5.1 million, up from SEK -137.3 million year-over-year.

• Profit per share for Q2 2025 was SEK 0.2, compared to SEK -6.5 in Q2 2024.

• Portfolio value at quarter-end was SEK 251.1 million, with cash and cash equivalents of SEK 11.1 million.

Outlook and guidance

• Focus on operational excellence, closing the gap between market value and NAV, and launching new ventures.

• Lara is positioned for sustainable loan portfolio expansion with a 12-15 month cash runway and is exploring new B2B lending products.

• Olik is on track for over 300% annual growth in 2025 while maintaining cash flow positivity.