EarningsQ2 2026 Earnings Report
MX:KINVBN Q2 2026 EPS Results
Actual EPS$11.18
Consensus EPS―
Beat/Miss―
One Year Ago EPS$4.07
MX:KINVBN Q2 2026 Revenue Results
Actual Revenue$3.61M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth0.00%
Earnings Announcement Details
QuarterQ2 2026
Date07/07/2026
TimeBefore Open
Conference CallTuesday, July 7, 2026
MX:KINVBN Upcoming Earnings
Kinnevik AB's next earnings date is estimated for October 15, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes a clear progress narrative: NAV and portfolio value increased, margins improved, cash was preserved, cost-reduction measures and disciplined capital allocation were implemented, and selective follow-ons (e.g., Wordsmith) produced strong uplifts. Offsetting this are localized valuation write-downs (Climate Tech), recalibrations (Betterment), modest operational downgrades (Oviva, Mews), dilution from M&A (Spring+Alma) and one-off restructuring costs. Overall, positives around NAV growth, balance sheet strength, cost discipline and focused portfolio actions outweigh the contained negatives.Company Guidance
Net Asset Value (NAV) Increase
NAV rose to SEK 29.6 billion (SEK 107 per share), an increase of ~6% in Q2 (5% in constant currencies); portfolio value grew by 8% in the quarter.
Strong YTD Growth in Larger Holdings
Larger portfolio holdings showed strong year-to-date growth of about 28% on average, contributing materially to NAV appreciation.
EBITDA Margin Improvement
Portfolio EBITDA margins improved by ~4 percentage points, moving to negative 6% (improvement from prior quarter).
Solid Cash Position and Liquidity
Cash remained effectively flat at SEK 7.4 billion (SEK 7.6 billion adjusted for agreed divestments), with net cash up SEK 75 million from Q1, preserving capital flexibility.
Capital Discipline and Low Net Investments
Net investments were SEK 57 million in Q2 — the lowest level since Q4 2019 — reflecting a highly disciplined approach to follow-on funding.
Cost Base Reduction and Target
Organization reduced headcount from ~45 (end-2025) to <25; target to reduce management cash costs to ~SEK 200 million/year by 2027 (~30% reduction vs SEK 313 million in 2025).
Successful Selective Follow-on: Wordsmith
Participated pro rata in Wordsmith’s $70m round with SEK 29m; Wordsmith revenue grew ~14x over last 12 months and round represents >3x uplift vs Kinnevik entry price.
Strategic Portfolio Actions and Exits
Agreed divestments in Oda (~SEK 100m) and YouScan (~SEK 30m) with expected proceeds SEK 133m to close in Q3, and 33% of private portfolio (by value) saw transactions in last 12 months at a 10% weighted avg premium to prior NAV marks.
Spring Health Operational Progress
Spring closed acquisition of Alma; combined company targets ~$1 billion revenue over next 12 months, gross margins in high-50s and continued EBITDA profitability; Spring fair value +29% in SEK during quarter.
MX:KINVBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed