VNV Global AB (publ) (VSTKF) Q2 2026 Earnings Call Transcript

Per Brilioth CEO, MD & Board Member Hey, welcome, everyone. This is our Q2. This is the day when we report our Q2 middle of summer. And -- as per usual, we prepared a few slides, and we'll open up for questions. Bjorn will explain how that works, if you don't remember. But yes, without further ado, let's kick off. So first out, Bjorn will take us through some numbers. Björn von Sivers Senior Investment Director & CFO Sure. Thank you, Per. And as a reminder, as Per mentioned, if you want to ask a question later on, please use the Q&A function here on the Zoom. and we'll address that towards the end of the call. So let's start with the numbers. As per June 30, VNV Global's net asset value stood at $461 million or $3.60 per share, which is flat during the quarter in dollar terms and up 2% in SEK terms. In SEK terms, NAV was SEK 4.5 billion or just shy of SEK 35 per share. For the 6-month period, NAV is down 16% in dollar terms and down 11% in SEK terms. If you jump to the next slide, we can see that the overall investment portfolio is USD 484 million and consisting of sort of $468 million worth of investments and $16 million in cash and cash equivalents. And of that investment line, approximately additional $9 million sits in short-term liquidity management investments, down from around $30 million end of Q1 as we redeployed the majority of those liquidity management investments in funding the partial bond buyback, which we completed in the quarter.