Kinnevik Ab Class A — Q3 2025 Earnings Presentation

4 slides from Kinnevik Ab Class A's earnings presentation, Sep 30, 2025

Slide 1: Q3 2025 Pre-Silent Call
Q3 2025 Pre-Silent Call Q3 2025 PRE-SILENT CALL 30 September 2025
Slide 2: Portfolio development and capital allocation continuing largely on plan during the quarter
Q3 2025 PRE-SILENT CALL Portfolio development and capital allocation continuing largely on plan during the quarter Capital Allocation & Key Events Q3 ‘25 Pre-Silent Call  Q3 ’25 investment volume slightly higher than Q1 and Q2, mainly made up of: USD 20m into Enveda as part of a USD 150m financing
Slide 3: Valuation levels in public benchmarks were down in low single-digit percentages, and currency headwind continued
Q3 2025 PRE-SILENT CALL Valuation levels in public benchmarks were down in low single-digit percentages, and currency headwind continued but at a milder level relative to past quarters External Valuation Drivers Q3 ‘25 Development Quarter-To-Date: Benchmarks for Core and Mature Companies Change in C
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