VNV’s company-assessed Q2 NAV increased by 5.6% q/q in USD terms, driven mainly by positive revaluations in portfolio companies Voi and Gett. On a per-share basis in SEK, NAV was broadly unchanged q/q. The company expects a one-off dividend worth c. USD 14m from Gett during H2/25 and the underlying portfolio seems operationally to be continuing to perform well. The share price discount to reported NAV stands at 57%, compared to 61% in Q1/25.

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