VNV Global AB (publ) (VNV) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone, welcome to VNV Global's report presentation for the second quarter 2025. On the call today we have Per Brilja, CEO, Dennis Mohamed, Investment Manager, and myself, Björn von Sievers, CFO of the company. As per usual, Per will start with a short intro of the developments. followed by an overview of the more meaningful portfolio constituents. I will go through some of the movements of the portfolio during the quarter, and after that, we'll open up for Q&A. And as a reminder, if you want to ask questions, please use the Q&A function here in Zoom. I will try to address your questions towards the end. With that, I hand over to Per for the intro. Thanks, Björn. And hi, everyone. Thanks for joining. Well, up not quite 6%, but nearly 6% in dollar terms. That gives us just shy of $600 million of NAV different things going on in the portfolio. We'll come back to some details, but on the whole, you know, some transactions have been made, and if you put them all together, it's a slight premium to NAV. Some are a little bit below our NAV, some are a little bit higher, but if you put them all together, it's slightly higher. I think, I feel... only that you know our nav is is good it's it's a reflection of where these things trade uh and uh of course we think i think there's a massive upside from that nav uh over time um and um Yeah, we'll come back to some details to try to highlight in the report some stuff. It's not an enormous amount of news in the big names. We'll come back a little bit to what's been going on in the big names. Just try to highlight a little bit also, as I typically do, these smaller parts of the portfolio. They don't matter so much over the course of this. They won't move the stock price or the NAV maybe more. better put over the short term. But,...