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| Land | Sverige |
|---|---|
| Lista | Spotlight |
| Sektor | Finans |
| Industri | Investeringar |
Katalysen Ventures AB (publ) hereby publishes the report for the Second Quarter 2025. The full report is available immediately as an attached document, and on the company's website. Below is a summary of the report.
I. CEO Report
The past quarter has been both intense and rewarding. We have initiated and completed several key events that, together, mark an important step forward for Katalysen. From strengthening our portfolio through new Venture Targeter agreements, to supporting existing holdings on their growth journeys, and securing new liquidity, we are moving in the right direction. These milestones not only underline the resilience of our model but also give us confidence as we look ahead to the second half of 2025.
During the quarter, we signed a comprehensive Venture Targeter agreement and increased our stake with VALEGA Chain Analytics, built on the close cooperation that intensified at the end of 2024. We now play an even more active role in turning the company around and implementing a new strategy, which has already delivered results, and VALEGA's revenues during the first half of 2025 more than doubled compared with the same period in 2024.
After the end of the quarter, two new Venture Targeter transactions were added (Syncro Group and Alternativa) which broadens the portfolio and will contribute to the portfolio value in Q3. This is done without any capital investment, in line with our strategy to create value through expertise, network, and problem solving. Note that these companies are not included in the portfolio valuation at the end of the Q2 period.
Financial development and capitalization
The quarter showed clear progress, with revenues rising to SEK 0.8 million, a 51% increase compared with the same period last year, driven by Venture Targeter agreements signed during the period. At the same time, the operating loss decreased by 45% versus Q2 2024, demonstrating that our efficiency measures are delivering tangible results and strengthening the foundation for continued improvements ahead
We have reduced valuations in four portfolio companies (-69%, -37%, -31%, -18%) due to missed targets, and we made no upward revaluations during the period. Despite this, the estimated portfolio value increased from SEK 131 million to SEK 135 million, mainly thanks to our increased exposure to VALEGA.
During the period, the Board resolved to carry out a rights issue, subscribed to 65%, which added approximately SEK 4.9 million net. This capital strengthens our ability to execute operational initiatives while maintaining flexibility for new business opportunities.
Brief update on the rest of the portfolio
We are currently focusing our efforts more intensively on six portfolio companies where we see the strongest near-term potential and impact. Below is a brief update on three of them.
QuTEM delivered its first profitable quarter, strengthening its position as a global leader in GMP-certified TEM analysis using its proprietary software GRIDSEE tuned for TEM data management, image analysis, and reporting.
S4DX continues its strong growth in digital pre-analytics and is perfectly positioned to benefit from structural shifts as pre-analytics becomes increasingly regulated.
InvitePeople signed its largest contract to date and secured new customers such as the Swedish Association of Local Authorities and Regions, Business Norway, and several others. Expansion in Germany continues successfully.
We enter the second half of 2025 with a stronger and more exit-ready portfolio. Our focus on reaching break-even and executing exits remains firm with high priority, and we see several catalysts for value creation, both through further development of existing holdings and through new VT projects. In this value-creation work, we engage both directly ourselves and through our experienced partners, ensuring that each project benefits from the right expertise and network. In parallel, we are prepared to pursue additional asset sales and partial exits, which we expect to be larger in scale and to further strengthen both our liquidity and our ability to realize the underlying value in the portfolio.
Yours Sincerely,
Anders Dahlgren
Chief Executive Officer
Katalysen Ventures AB (publ)
II. KPIs at End of Period
Number of ventures in portfolio at end of period: 22 (22)
Estimated portfolio market value at end of period: 135 MSEK (131 MSEK)
Cash resources in bank at end of period: 0.5 MSEK (0.2 MSEK), with additional cash added after the period
III. General Financial KPIs
| Group* (Thousand SEK) | Q2 2025 | Q2 2024 | 2024-01-01 2024-12-31 |
| Net sales | 685 | 406 | 406 |
| Profit after financial items | -1,856 | -3,812 | -18,863 |
| Balance sheet total | 58,616 | 68,394 | 64,289 |
| Solidity** | 92.9% | 95.0% | 93.4% |
| Earnings per share | -0.23 | -0.50 | -2.37 |
| Number of outstanding shares | 8,205,790 | 7,591,354 | 7,954,025 |
| Parent* (Thousand SEK) | Q2 2025 | Q2 2024 | 2024-01-01 2024-12-31 |
| Net sales | 685 | 406 | 406 |
| Profit after financial items | -1,825 | -3,510 | -16,727 |
| Balance sheet total | 59,053 | 68,558 | 63,610 |
| Solidity** | 95.1% | 97.6% | 96.2% |
| Earnings per share | -0.22 | 0.46 | -2.10 |
| Number of outstanding shares | 8,205,790 | 7,591,354 | 7,954,025 |
| *Parent refers to Katalysen Ventures AB (publ), Group includes the Parent's subsidiaries.**The company operates debt-free and is fully equity-financed, with no interest-bearing liabilities. | |||
IV. Important Events During the Period
| 2025-04-25: On April 24, Katalysen held its Annual General Meeting (AGM) at the company's Stockholm office. All proposed resolutions were adopted, including approval of the 2024 financial statements, discharge from liability for the Board and CEO, and the re-election of ÖhrlingsPricewaterhouseCoopers AB as auditor. The Board was set at five members: Peter Almberg, Heinrich Weber, Ann-Sophie Hesser, Martin Trollborg, and Håkan Källåker. The AGM authorized the Board to issue up to 15% additional shares or warrants if needed. In the constitutive board meeting that followed, Peter Almberg was appointed working Chair of the Board, and Anders Dahlgren was named CEO. |
| 04-25: Katalysen published its Annual Report for 2024. The full report is available under Investor Relations on the company's website. |
| 05-19: Katalysen announced that the company's founder and CEO, Peter Almberg, will transition into the role as Executive Chairman. He will hand over the CEO role to Anders Dahlgren, who has been part of the Katalysen team since early 2023 as CFO. Anders brings deep insight into the company's operations, culture, and future strategy. |
| 05-20: Katalysen published its 2025 Q1 Report, available in full under Investor Relations on the company's website. |
| 06-11: Katalysen informed markets of an increase in the total number of shares in the company following the early exercise of warrants on Katalysen shares. |
| 06-12: Katalysen announced the decision to carry out a rights issue of approximately SEK 8.4 million. |
| 06-23: Katalysen published an information document in connection with the above mentioned rights issue. |
| 06-24: The subscription period in the above mentioned rights issue commenced. |
V. Important Events After the Period
| 2025-07-01: Katalysen announced the completion of a Venture Targeter transaction in Spotlight-listed Syncro Group AB (publ). Syncro is a technology-driven platform company offering an AI-based end-to-end solution for influencer marketing. The company combines consultancy services with a scalable SaaS platform, enabling efficient and transparent campaigns for brands and media agencies. Through strategic partnerships with leading agency groups across Europe, Syncro is building a strong position in a growing market. In this first step, the transaction means that Katalysen acquires approximately 1.5 percent of the shares and around 2 percent of all series TO9 warrants. |
| 07-04: Katalysen announced that Alternativa Nordics AB ("Alternativa") - a newly established company founded by Katalysen Ventures AB (publ), Apollonian AG and Greenshoe Capital AB as equal partners - has acquired the digital platform eAktiebok from FinReg Solutions AB, a subsidiary of Spotlight Group AB. The purchase price amounts to a maximum of approximately SEK 3.5 million, of which up to SEK 1.0 million is an earn-out based on future performance. Alternativa takes over an already established platform with proven demand, a functioning revenue model, and a growing customer base. With the ambition to become a leading digital player in shareholder administration and transactions for unlisted companies, Alternativa will continue to develop its offering step-by-step - in close dialogue with the market. There are more than 779,000 unlisted limited companies in Sweden. Alternativa aims to meet their needs with simple, efficient, and transparent digital tools. |
| 07-09: The Board of Directors of Katalysen announced the outcome of the rights issue of shares that the Board of Directors resolved to carry out on 12 June 2025 (the "Rights Issue"). The Rights Issue has been subscribed to a total of approximately 65 percent, approximately 28.1 percent through the exercise of subscription rights, approximately 8.0 percent without the exercise of subscription rights, and approximately 28.9 percent to be subscribed by the guarantor. The guarantee was provided free of charge by an existing shareholder, demonstrating a strong commitment to the Company. Based on this outcome, Katalysen will receive approximately SEK 5.5 million from the Rights Issue before issue costs. |
| 07-18: Katalysen announced that the rights issue of shares, whose subscription period ended on 8 July 2025 (the "Rights Issue"), has now been registered with the Swedish Companies Registration Office. Katalysen also announced that the last day of trading in BTA (paid subscribed share) is 23 July 2025, and the cut-off date is 25 July 2025. |
This disclosure contains information that Katalysen Ventures AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 19-08-2025 07:25 CET.