VNV Global AB
VNV
ISIN SE0014428835 / Valor 55646195
VNV Global AB
UMushroom community rating:
About company
VNV Global AB is an investment company with a broad focus on innovative technology-driven businesses worldwide. With operational teams based in Stockholm and Cyprus, VNV Global is publicly traded on the NASDAQ Stockholm, under the ticker VNV, within the Mid Cap segment. The company has a history of over two decades in investing in what it identifies as the world's most innovative companies, particularly emphasizing those that demonstrate strong network effects. VNV Global's investment strategy is characterized by its stage-agnostic approach, allowing it to support mission-driven entrepreneurs across various development phases. The firm's investment portfolio historically gravitates towards sectors such as Marketplaces, Mobility, and Health & Wellness, although it remains open to exploring new areas that promise to solve significant real-world problems through technology. VNV Global positions itself as providing patient capital to scalable tech companies, offering not just financial resources but also the commitment and expertise necessary to nurture these businesses into profitable and sustainable entities.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (02.02.2026):
VNV Global AB (publ) — Third Quarter 2025 (also covering the first nine months of 2025): VNV reports a 9M 2025 net asset value (NAV) of USD 587.09 million (USD 4.52/share; SEK 5,523.86 million / SEK 42.53/share using SEK/USD 9.4088). For the nine months the Group recorded a net result of USD 8.26 million (EPS USD 0.06). The third-quarter result was USD -8.48 million (Q3 EPS USD -0.06). NAV movements were driven by revaluations (positive Voi, negative BlaBlaCar) and the completed divestment of Gett.
NAV & share metrics
NAV (30 Sep 2025): USD 587.09 mln; NAV/share USD 4.52 (SEK 42.53). Q3 2025 NAV per share: down -1.05% in USD and -2.00% in SEK. Year-to-date (9M) NAV per share: USD +1.82%, SEK -12.89% (FX impact highlighted by management).
Profit & earnings
9M 2025 net result: USD +8.26 mln (EPS USD 0.06). Q3 2025 net result: USD -8.48 mln (EPS USD -0.06). Result from financial assets at fair value through profit or loss: +USD 31.76 mln for 9M (Q3 contribution -USD 3.36 mln). Drivers cited: positive revaluation of Voi, negative revaluation of BlaBlaCar and the Gett sale.
Cash, debt and liquidity
Cash (30 Sep 2025): USD 71.29 mln (includes ~USD 61 mln Gett proceeds received pre-close). After quarter close VNV received further Gett proceeds (USD 9.3 mln) and completed a bond partial redemption (completed 3 Oct 2025). Management reports net cash of roughly USD 16 mln after an early Q4 bond repayment of ~USD 46 mln; one final USD 2.5 mln escrow amount is due in ~two years. Outstanding 2024/2027 bonds post-redemption: SEK 425 mln.
Major portfolio events
Completed / announced exits: sale of Gett (total net consideration ≈ USD 89.1 mln; VNV had received USD 61 mln pre-close with remainder held pending tax clearance and escrow mechanics) and agreement to sell Tise to eBay (consideration ≈ NOK 109 mln / ~USD 11.0 mln; closed early Q4). Portfolio revaluations (Q3/9M): Voi up materially (+35% YTD valuation change), BlaBlaCar down (~-12% YTD). Top holdings by fair value (30 Sep 2025): BlaBlaCar USD 184.1 mln, Voi USD 137.1 mln, Numan USD 37.5 mln, HousingAnywhere USD 36.1 mln, Breadfast USD 30.2 mln, Bokadirekt USD 27.8 mln.
Capital return & buybacks
Board approved repurchase/return flexibility; during the period VNV repurchased 1,082,706 common shares (cost USD ~2.8 mln recorded as buy‑back). A conditional notice for partial bond redemption (50% of outstanding) was issued in September and executed on 3 Oct 2025.
Post-quarter items & investor events
Partial bond redemption executed 3 Oct 2025 (reducing outstanding 2024/2027 bonds to SEK 425 mln). The Tise transaction closed early Q4. VNV scheduled a telephone/web presentation for 28 Oct 2025 (management commentary and portfolio updates available via company release).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
266 M
Market cap (USD)
192,538
Daily traded volume (Shares)
18.5 / 17.73
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
