VNV Global AB (publ) Financial Report for the Fourth Quarter and the Twelve-Month Period 2025
– Net asset value: SEK 5.03 bn
– NAV per share: SEK 39.11
– NAV change, period (in SEK): -19.88%
– NAV change, quarter (in SEK): -8.02%
Net asset value (NAV) and financial results for the twelve-month period 2025
The VNV Global AB (publ) (“VNV Global” or the “Company”) group’s net asset value was USD 546.66 million (mln) on December 31, 2025 (December 31, 2024: 581.39), corresponding to USD 4.25 per share (December 31, 2024: 4.44). Given a SEK/USD exchange rate of 9.2013 the NAV was SEK 5,029.97 mln (December 31, 2024: 6,394.24) and SEK 39.11 per share (December 31, 2024: 48.82), respectively.
The group’s NAV per share in USD decreased by -4.23% and in SEK by -19.88% during the period.
Net result for the period was USD -29.22 mln (January 1, 2024–December 31, 2024: -85.14), primarily as a result of a positive revaluation of Voi, a negative revaluation of BlaBlaCar, and the completed divestments of Gett and Tise.
Earnings per share were USD -0.22 (-0.65).
Financial results for the fourth quarter 2025
Net result for the quarter was USD -37.47 mln (6.80), primarily as a result of negative revaluations of BlaBlaCar and Voi, and the completed divestment of Tise. During the quarter, the NAV per share in USD decreased by -5.95% and in SEK by -8.02%.
Earnings per share were USD -0.29 (0.05).
Key events during the quarter October 1, 2025–December 31, 2025
On October 3, 2025, the partial redemption of the 2024/2027 bonds was completed. Following the redemption the outstanding nominal amount of the 2024/2027 bonds is SEK 425 mln.
The previously announced Tise transaction closed in the beginning of the fourth quarter 2025.
During the quarter, the Company has repurchased 1,295,879 common shares.
Key events after the end of the period
No significant events after the period.
The Company will hold a telephone conference with an interactive presentation at 16:00 CET (10:00 a.m. ET) Thursday, January 29, 2026. To register for the conference call and webcast, see separate press release issued Tuesday, January 20, 2026, at www.vnv.global.