{"success":true,"data":{"pressRelease":{"id":"178636","rtpr_id":"nWkr3hgGT-20261023","ticker":"NAXS","exchange":"Nasdaq Stockholm","all_tickers":["NAXS"],"title":"NAXS 9-month financial report January - September 2026","author":"Cision","published_at":"2026-10-23T14:30:14.008Z","article_body":"NAXS ABNine months 2026* Net profit amounted to MSEK 53.3 (-19.3).\n* Earnings per share amounted to SEK 4.87 (-1.74).\n* Net asset value amounted to MSEK 582 (SEK 53.50 per share) at September 30,\n2026, compared to MSEK 556 (SEK 50.44 per share) at December 31, 2025.\n* Net cash amounted to MSEK 26 (SEK 2.41 per share) at September 30, 2026,\ncompared to MSEK 66 (SEK 5.97 per share) at December 31, 2025.\n* Including the dividend for FY2025, which was paid in March 2026, the net\nasset value per share increased by 10.0% during the interim period.\n* The 2026 Annual General Meeting resolved on a dividend of SEK 2.00 per share\nand authorised the Board of Directors to resolve on repurchases of the\ncompany’s own shares and new share issues.\nThird quarter 2026* Net profit amounted to MSEK 77.2 (-70.2).\n* Earnings per share amounted to SEK 7.09 (-6.34).\n* During the quarter, NAXS made a co-investment of MSEK 9.1 in Mimir EA\nHolding II AB (Euroatlas) with Mimir Industries AB.\nComments by the CEO\nNAXS’s net value per share increased by 15.4 % during the third quarter,\nmostly driven by a substantial valuation increase in one of our Private equity\nfund investments. The valuation increase is unrealized and is based on the\nmanager’s own valuation.\n\nOur main listed holdings, Tången Industrikapital AB and Jacktel AS, also\nperformed well and added to the NAV increase during the third quarter. During\nthe quarter, we divested 31 percent of our holding in Jacktel for MSEK 4.1.\n\nNAXS continues to follow the strategy set forth by the board in Q4 2025,\nfollowing the investment in the IPO of Tången Industrikapital AB in Q2 with a\nco-investment with Mimir Industries AB in Mimir EA Holding II AB (Euroatlas)\nin this quarter, and the co-investment in Osprey announced after the end of\nthe quarter. NAXS also repurchased 25,772 own shares during the third quarter.\n\nIn the coming quarters, we intend to keep acting on opportunities as markets\nshift, through both new investments and divestments.\n\nAmaury de Poret\nContact\nAmaury de Poret,\nCEO                                        \n+46 73 511 17 35\nadp@naxs.se\n\nGösta Lundgren, CFO\n+46 70 710 47 88\ngosta.lundgren@naxs.se\n\nThis information is information that NAXS AB (publ) is obliged to make public\npursuant to the EU Market Abuse Regulation. The information was submitted for\npublication, through the agency of the contact persons set out above, at 16:30\nCEST on 23 October 2026.\n\nThis press release and further information are available at www.naxs.se\n\nNAXS AB (publ)\n\nReg.no. 556712-2972\n\nNybrogatan 6\n\n114 34 Stockholm\n\nPhone: 0766 40 00 40\n\nE-mail: info@naxs.se\n\nEstablished in 2007, NAXS is an investment company listed on Nasdaq Stockholm\nfocused on Nordic private equity. The Company aims to maximize value from its\nexisting portfolio while selectively deploying capital to enhance shareholder\nreturns. More information is available on www.naxs.se.\n\n\nhttps://news.cision.com/naxs-ab/r/naxs-9-month-financial-report-january---september-2026%2Cc4414593\n\nNAXS Interim financial report Jan-Sep 2026\n(https://mb.cision.com/Main/21307/4414593/4336721.pdf)\n\n\n\n(c) Cision 2026","article_body_html":"","raw_payload":{"data":{"id":"nWkr3hgGT-20261023","title":"NAXS 9-month financial report January - September 2026","author":"Cision","ticker":"NAXS","created":"2026-10-23T14:30:14.008Z","tickers":["NAXS"],"exchange":"Nasdaq Stockholm","article_body":"NAXS ABNine months 2026* Net profit amounted to MSEK 53.3 (-19.3).\n* Earnings per share amounted to SEK 4.87 (-1.74).\n* Net asset value amounted to MSEK 582 (SEK 53.50 per share) at September 30,\n2026, compared to MSEK 556 (SEK 50.44 per share) at December 31, 2025.\n* Net cash amounted to MSEK 26 (SEK 2.41 per share) at September 30, 2026,\ncompared to MSEK 66 (SEK 5.97 per share) at December 31, 2025.\n* Including the dividend for FY2025, which was paid in March 2026, the net\nasset value per share increased by 10.0% during the interim period.\n* The 2026 Annual General Meeting resolved on a dividend of SEK 2.00 per share\nand authorised the Board of Directors to resolve on repurchases of the\ncompany’s own shares and new share issues.\nThird quarter 2026* Net profit amounted to MSEK 77.2 (-70.2).\n* Earnings per share amounted to SEK 7.09 (-6.34).\n* During the quarter, NAXS made a co-investment of MSEK 9.1 in Mimir EA\nHolding II AB (Euroatlas) with Mimir Industries AB.\nComments by the CEO\nNAXS’s net value per share increased by 15.4 % during the third quarter,\nmostly driven by a substantial valuation increase in one of our Private equity\nfund investments. The valuation increase is unrealized and is based on the\nmanager’s own valuation.\n\nOur main listed holdings, Tången Industrikapital AB and Jacktel AS, also\nperformed well and added to the NAV increase during the third quarter. During\nthe quarter, we divested 31 percent of our holding in Jacktel for MSEK 4.1.\n\nNAXS continues to follow the strategy set forth by the board in Q4 2025,\nfollowing the investment in the IPO of Tången Industrikapital AB in Q2 with a\nco-investment with Mimir Industries AB in Mimir EA Holding II AB (Euroatlas)\nin this quarter, and the co-investment in Osprey announced after the end of\nthe quarter. NAXS also repurchased 25,772 own shares during the third quarter.\n\nIn the coming quarters, we intend to keep acting on opportunities as markets\nshift, through both new investments and divestments.\n\nAmaury de Poret\nContact\nAmaury de Poret,\nCEO                                        \n+46 73 511 17 35\nadp@naxs.se\n\nGösta Lundgren, CFO\n+46 70 710 47 88\ngosta.lundgren@naxs.se\n\nThis information is information that NAXS AB (publ) is obliged to make public\npursuant to the EU Market Abuse Regulation. The information was submitted for\npublication, through the agency of the contact persons set out above, at 16:30\nCEST on 23 October 2026.\n\nThis press release and further information are available at www.naxs.se\n\nNAXS AB (publ)\n\nReg.no. 556712-2972\n\nNybrogatan 6\n\n114 34 Stockholm\n\nPhone: 0766 40 00 40\n\nE-mail: info@naxs.se\n\nEstablished in 2007, NAXS is an investment company listed on Nasdaq Stockholm\nfocused on Nordic private equity. The Company aims to maximize value from its\nexisting portfolio while selectively deploying capital to enhance shareholder\nreturns. More information is available on www.naxs.se.\n\n\nhttps://news.cision.com/naxs-ab/r/naxs-9-month-financial-report-january---september-2026%2Cc4414593\n\nNAXS Interim financial report Jan-Sep 2026\n(https://mb.cision.com/Main/21307/4414593/4336721.pdf)\n\n\n\n(c) Cision 2026"},"type":"article","timestamp":"2026-10-23T14:30:14.093070842Z","server_sent_at_ms":1792765814093},"received_at":"2026-10-23T14:30:14.151Z","source_url":"https://news.cision.com/naxs-ab/r/naxs-9-month-financial-report-january---september-2026%2Cc4414593"},"analysis":{"id":"166545","press_release_id":"178636","analysis_json":{"industry":{"label":"Asset Management","sector":"Financials"},"redFlags":["Q3 NAV gain driven by unrealized, manager-assessed fund valuation — mark-to-model risk","Net cash declined to MSEK 26 from MSEK 66 at year-end 2025"],"eventType":"earnings","narrative":"NAXS reported a 9-month 2026 net profit of MSEK 53.3 (EPS SEK 4.87), swinging from a MSEK -19.3 loss a year earlier, with NAV rising to MSEK 582, or SEK 53.50 per share.\n\nIncluding the FY2025 dividend paid in March, NAV per share grew 10.0% year-to-date, and 15.4% in Q3 alone, driven mainly by an unrealized valuation increase in one private equity fund investment plus strength at listed holdings Tången and Jacktel.\n\nThe company made a MSEK 9.1 co-investment with Mimir Industries in Euroatlas, divested 31% of its Jacktel holding for MSEK 4.1, and repurchased 25,772 own shares during the quarter; management plans to keep deploying capital opportunistically.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Small-cap Nordic PE investor swings to profit with 15.4% Q3 NAV growth — but the headline gain rests on an unrealized manager valuation."},"keyFigures":{"eps":4.87,"customDimensions":{"nav_msek":582,"net_cash_msek":26,"nav_per_share_sek":53.5,"co_investment_msek":9.1,"net_profit_9m_msek":53.3,"q3_net_profit_msek":77.2,"q3_prior_year_msek":-70.2,"shares_repurchased_q3":25772,"jacktel_divestment_msek":4.1,"q3_nav_per_share_growth":"15.4%","nav_growth_incl_dividend":"10.0%","nav_per_share_dec2025_sek":50.44,"net_profit_9m_prior_year_msek":-19.3}},"quotedText":"NAXS's net value per share increased by 15.4 % during the third quarter, mostly driven by a substantial valuation increase in one of our Private equity fund investments.","namedEntities":{"people":[{"name":"Amaury de Poret","role":"CEO"},{"name":"Gösta Lundgren","role":"CFO"}],"products":[],"companies":[{"name":"NAXS AB (publ)","ticker":"NAXS","relationship":"filer"},{"name":"Mimir Industries AB","relationship":"co-investment partner"},{"name":"Mimir EA Holding II AB (Euroatlas)","relationship":"co-investment"},{"name":"Tången Industrikapital AB","relationship":"listed holding"},{"name":"Jacktel AS","relationship":"listed holding (31% divested in Q3)"}],"dollarAmounts":[{"amount":"MSEK 53.3","context":"9-month 2026 net profit (vs -19.3 prior year)"},{"amount":"MSEK 77.2","context":"Q3 2026 net profit"},{"amount":"MSEK 582","context":"net asset value at September 30, 2026"},{"amount":"MSEK 9.1","context":"co-investment in Mimir EA Holding II AB (Euroatlas)"},{"amount":"MSEK 4.1","context":"proceeds from divesting 31% of Jacktel holding"}]},"materialImpact":{"score":3,"reasoning":"Interim report showing NAV per share up to SEK 53.50 from SEK 50.44, 9-month net profit of MSEK 53.3 vs a prior-year loss, and Q3 NAV growth of 15.4% driven by a fund valuation uplift. Material for this small-cap, but the key gain is unrealized and manager-assessed."},"tickerRelevance":{"others":[],"primary":"NAXS"},"globalImportance":18,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap (Nasdaq Stockholm micro-cap investment company)","eventGravity":"interim report, positive NAV growth","geographicScope":"Nordic retail/institutional niche","marketCapAdjustment":"low absolute NAV (~MSEK 582)"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"NAXS reported a 9-month 2026 net profit of MSEK 53.3 (EPS SEK 4.87), swinging from a MSEK -19.3 loss a year earlier, with NAV rising to MSEK 582, or SEK 53.50 per share.\n\nIncluding the FY2025 dividend paid in March, NAV per share grew 10.0% year-to-date, and 15.4% in Q3 alone, driven mainly by an unrealized valuation increase in one private equity fund investment plus strength at listed holdings Tången and Jacktel.\n\nThe company made a MSEK 9.1 co-investment with Mimir Industries in Euroatlas, divested 31% of its Jacktel holding for MSEK 4.1, and repurchased 25,772 own shares during the quarter; management plans to keep deploying capital opportunistically.","key_figures":{"eps":4.87,"customDimensions":{"nav_msek":582,"net_cash_msek":26,"nav_per_share_sek":53.5,"co_investment_msek":9.1,"net_profit_9m_msek":53.3,"q3_net_profit_msek":77.2,"q3_prior_year_msek":-70.2,"shares_repurchased_q3":25772,"jacktel_divestment_msek":4.1,"q3_nav_per_share_growth":"15.4%","nav_growth_incl_dividend":"10.0%","nav_per_share_dec2025_sek":50.44,"net_profit_9m_prior_year_msek":-19.3}},"named_entities":{"people":[{"name":"Amaury de Poret","role":"CEO"},{"name":"Gösta Lundgren","role":"CFO"}],"products":[],"companies":[{"name":"NAXS AB (publ)","ticker":"NAXS","relationship":"filer"},{"name":"Mimir Industries AB","relationship":"co-investment partner"},{"name":"Mimir EA Holding II AB (Euroatlas)","relationship":"co-investment"},{"name":"Tången Industrikapital AB","relationship":"listed holding"},{"name":"Jacktel AS","relationship":"listed holding (31% divested in Q3)"}],"dollarAmounts":[{"amount":"MSEK 53.3","context":"9-month 2026 net profit (vs -19.3 prior year)"},{"amount":"MSEK 77.2","context":"Q3 2026 net profit"},{"amount":"MSEK 582","context":"net asset value at September 30, 2026"},{"amount":"MSEK 9.1","context":"co-investment in Mimir EA Holding II AB (Euroatlas)"},{"amount":"MSEK 4.1","context":"proceeds from divesting 31% of Jacktel holding"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-23T14:30:21.511Z","global_importance":18,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap (Nasdaq Stockholm micro-cap investment company)","eventGravity":"interim report, positive NAV growth","geographicScope":"Nordic retail/institutional niche","marketCapAdjustment":"low absolute NAV (~MSEK 582)"}},"durationMs":7346,"modelName":"glm-5.3-flashx"}}