This announcement is not an offer of securities for sale in the United States nor in any other country, and securities may not be offered or sold in the United States absent registration or an exemption from registration under U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Nor does it constitute or form part of, and may not be used for the purposes of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities by any person in any jurisdiction, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment to do so, in which (i) such offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation.

• Net profit amounted to MSEK -72.3 (18.5).
• Earnings per share amounted to SEK -6.53 (1.67).
• Net asset value amounted to MSEK 803 (SEK 72.46 per share) at September 30, 2024, compared to MSEK 922 (SEK 83.24 per share) at December 31, 2023.
• Net cash amounted to MSEK 222 (SEK 20.02 per share) at September 30, 2024, compared to MSEK 209 (SEK 18.89 per share) at December 31, 2023.
• The 2024 Annual General Meeting resolved to pay a dividend of 4.25 SEK per share for FY 2023 and voted for a continued share repurchase mandate.

• Net profit amounted to MSEK -41.5 (11.3).
• Earnings per share amounted to SEK -3.74 (1.02).

Comments by the CEO

NAXS net asset value per share decreased by 4.9% to SEK 72.46 during Q3 2024. The company reported a net loss of MSEK 41.5 for the quarter, mainly due to a decline in the value of private equity fund investments. Net cash stood at MSEK 222, following repayments from private equity funds.

During the quarter, NAXS made a MEUR 1.3 investment in Equip Capital SPV SCSp ("Equip SPV"). Equip SPV is a continuation vehicle established to acquire 2 portfolio companies, Rush and iteam, from Equip Capital Fund I with the aim to build on their successful platforms and support a new phase of growth.

After the end of the Interim period, NAXS increased its commitment to Celero Fund (E) AB by MEUR 1.7, bringing its total commitment to the fund to MEUR 3.2. Celero focuses on the services, consumer goods and niche industrials sectors.

Nikolai Jebsen

Contact

Nikolai Jebsen, Interim CEO                             
+47 462 82 222
nikolai.jebsen@naxs.se

Gösta Lundgren, CFO
+46 70 710 47 88
gosta.lundgren@naxs.se

This information is information that NAXS AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 19.00 CET on October 29, 2024

This report and other information are available on www.naxs.se.

NAXS AB (publ)

Corp. Reg. No. 556712-2972

Nybrogatan 8

114 34 Stockholm, Sweden

Tel: +46 (0)766 40 00 40

E-mail: info@naxs.se

NAXS is listed on NASDAQ Stockholm. NAXS primarily invests in private equity funds with a Nordic focus, but may also make direct investments or co-investments alongside private equity or other alternative assets funds. In addition, NAXS may, to a limited extent, make other types of investments.