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NAXS AB
(NAXS)
NAXS AB (NAXS) vs. iShares MSCI Sweden ETF (EWD)
NAXS AB Business Overview & Revenue Model
NAXS AB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -156.00K | -58.83M | 12.13M | 187.34M | 186.42M |
| Gross Profit | -23.44M | -61.49M | 9.61M | 185.98M | 183.80M |
| EBITDA | -27.89M | -66.57M | 4.36M | 180.09M | 177.41M |
| Net Income | -25.77M | -66.58M | 4.35M | 180.08M | 177.41M |
Balance Sheet | |||||
| Total Assets | 566.41M | 809.88M | 923.76M | 960.67M | 824.41M |
| Cash, Cash Equivalents and Short-Term Investments | 65.88M | 203.60M | 209.23M | 211.67M | 265.52M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 10.07M | 1.47M | 1.70M | 1.42M | 1.56M |
| Stockholders Equity | 556.35M | 808.41M | 922.07M | 959.25M | 822.86M |
Cash Flow | |||||
| Free Cash Flow | -13.21M | -10.11M | -9.52M | -14.30M | -10.24M |
| Operating Cash Flow | -13.21M | -10.11M | -9.52M | -14.30M | -10.24M |
| Investing Cash Flow | 101.66M | 51.67M | 48.60M | 4.14M | 89.92M |
| Financing Cash Flow | -226.13M | -47.08M | -41.54M | -43.68M | -33.46M |
NAXS AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr6.49B | 6.12 | ― | 6.23% | -0.22% | -58.80% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | kr688.75M | 18.21 | ― | ― | 34.18% | 242.91% | |
60 Neutral | kr2.19B | 2.89 | ― | ― | ― | ― | |
49 Neutral | kr393.20M | -15.68 | ― | 8.78% | ― | ― |
NAXS AB Corporate Events
NAXS AB has divested its co-investment in Reledo Holding AB, a leading Nordic provider of property services to small and medium-sized enterprises, in connection with Celero Capital Fund I’s partial sale of its Reledo stake to a newly established special purpose vehicle backed by Schroders Capital and other investors. The oversubscribed transaction allows NAXS and other co-investors to crystallize strong returns and will generate a distribution of about SEK 20 million for NAXS, while the SPV structure supplies fresh capital for Reledo’s continued buy-and-build expansion in Northern Europe and leaves NAXS with ongoing exposure via its investment in Celero Capital Fund I.
The most recent analyst rating on (SE:NAXS) stock is a Sell with a SEK36.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has continued to execute on its share repurchase program, buying back 5,645 shares on Nasdaq Stockholm between 9 and 12 March 2026. The transactions, carried out by Pareto Securities AB under EU Market Abuse and Safe Harbour regulations, were executed at weighted average prices ranging from SEK 37.5969 to SEK 38.8115.
Following these purchases, NAXS holds 108,196 of its own shares out of a total 11,077,585 shares and votes, all acquired since the program started on 26 November 2025. The ongoing buyback, which allows for repurchases of up to 553,879 shares, is intended to optimize capital management, support the capital structure, provide acquisition currency, and help reduce any discount to net asset value, potentially enhancing value for shareholders.
The most recent analyst rating on (SE:NAXS) stock is a Sell with a SEK36.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has continued to execute its share repurchase program, buying 8,918 shares on Nasdaq Stockholm between 2 and 6 March 2026 through Pareto Securities AB, which conducts the trades independently. The buybacks are intended to optimize capital management, allow for future use of shares in acquisitions, and support the share price by helping to reduce any discount to net asset value.
Following these latest purchases, NAXS holds 102,551 of its own shares out of a total 11,077,585 outstanding, all acquired since the program began in late November 2025. The company is authorized to repurchase up to 553,879 shares in total, indicating it still has significant capacity to continue buybacks as a tool to adjust its capital structure and potentially enhance value for shareholders.
The most recent analyst rating on (SE:NAXS) stock is a Sell with a SEK36.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB, a Nordic-focused private equity investment company listed on Nasdaq Stockholm, continues to build its portfolio through fund and co-investments in alternative assets. The firm aims to offer shareholders exposure to private equity while actively managing its capital structure to support long-term value creation.
The company repurchased 7,887 of its own shares between 23 and 27 February 2026 under an ongoing buyback program designed to enhance capital flexibility, support shareholder returns, and address any discount to net asset value. After these transactions, executed independently by Pareto Securities on Nasdaq Stockholm, NAXS holds 93,633 treasury shares out of 11,077,585 outstanding, with authorization to repurchase up to 553,879 shares in total, underscoring its active approach to balance sheet optimization and potential use of shares in future acquisitions.
The most recent analyst rating on (SE:NAXS) stock is a Sell with a SEK36.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has continued its ongoing share repurchase program, buying 4,778 of its own shares on Nasdaq Stockholm between 16 and 20 February 2026, executed independently by Pareto Securities. The program is designed to enhance capital management flexibility, support potential acquisitions using treasury shares, optimize the capital structure, and help reduce any discount to net asset value for shareholders.
Following these latest transactions, NAXS now holds 85,746 treasury shares out of a total 11,077,585 shares and votes, with 85,746 shares repurchased since the program began on 26 November 2025 and authorization in place for buybacks of up to 553,879 shares. The activity underscores management’s ongoing use of buybacks as a capital allocation tool, signalling a focus on shareholder value and potentially tighter alignment between the company’s market price and its underlying net asset value.
The most recent analyst rating on (SE:NAXS) stock is a Sell with a SEK36.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has continued its ongoing share repurchase program, buying back 3,521 shares on Nasdaq Stockholm between 9 and 13 February 2026 through Pareto Securities, which executes the trades independently. The program is designed to provide flexibility in capital management, support potential acquisitions using treasury shares, optimize the capital structure and help reduce any discount to net asset value, ultimately aiming to create additional value for shareholders.
Following these latest transactions, NAXS’ total holding of treasury shares stands at 80,968 out of 11,077,585 shares, all acquired since the buyback program began in late November 2025, with authorization in place to repurchase up to 553,879 shares in total. The continued execution of the program under EU market abuse and safe-harbour rules signals an active approach to balance sheet management and may be seen by investors as a sign of confidence in the company’s valuation and long-term strategy.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has convened its annual general meeting for 17 March 2026 in Stockholm, outlining standard participation procedures for shareholders, including registration deadlines, proxy rules and requirements for nominee-registered investors to re-register their shares. The notice confirms the company’s current share capital structure and reminds shareholders of their legal rights to request information from the board and CEO.
The agenda features routine corporate governance items such as adoption of the annual accounts, dividend and result appropriation decision, discharge of board and CEO from liability, and approval of the remuneration report. Shareholders will also vote on the composition and fees of the board and auditor, elect a new board member, and consider authorisations for the board to repurchase own shares and issue new shares, measures that could affect NAXS’s capital structure and strategic flexibility.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has continued to execute its share repurchase program, buying back 5,630 shares between 2 and 6 February 2026 on Nasdaq Stockholm through Pareto Securities, which acts independently in timing the transactions. The buyback aims to optimize the company’s capital management, support returns to shareholders, adjust the capital structure, provide shares for potential acquisitions, and help reduce any discount to net asset value.
Following these latest transactions, NAXS holds 77,447 of its own shares out of a total 11,077,585 shares and votes, all acquired since the program began in late November 2025. The board-authorized program allows repurchases of up to 553,879 shares in total, indicating further potential buybacks that could enhance shareholder value and signal confidence in the company’s net asset value and long-term strategy.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has repurchased 4,544 of its own shares on Nasdaq Stockholm between 26 and 30 January 2026 as part of an ongoing share buyback program designed to increase capital management flexibility, facilitate capital returns to shareholders, optimise the capital structure, support potential share-based acquisitions and help reduce any discount to net asset value. The transactions, executed independently by Pareto Securities under EU market regulations, bring NAXS’s total treasury shareholding to 71,817 out of 11,077,585 shares, with 71,817 shares bought back since the program’s launch in November 2025 and capacity remaining to repurchase up to a total of 553,879 shares, underscoring a continued focus on shareholder value and balance sheet efficiency.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB reported a reduced full-year loss for 2025, with net profit improving to a negative MSEK 25.9 from a negative MSEK 66.6, while net asset value fell to MSEK 556, or SEK 50.44 per share, and net cash declined to MSEK 66 at year-end, reflecting substantial capital returned to shareholders via an ordinary dividend for 2024 and an extraordinary dividend of SEK 16 per share. In the fourth quarter, results were pressured by a one-off cost of MSEK 11 linked to terminating its investment advisory agreement, while a major ownership shift saw QVT Financial LP exit and new investors led by Molcap Invest AB and Oliver Molse take control, after which a newly elected board set a more value-focused strategy emphasizing share repurchases, shorter-term transactions over new long-term fund commitments, and proposed a new dividend of SEK 2.00 per share alongside renewed mandates for share buybacks and potential new share issues.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has continued executing its previously announced share repurchase program, buying back 6,902 shares on Nasdaq Stockholm between 19 and 23 January 2026 at weighted average prices around SEK 39 per share. The program, conducted under EU market abuse and safe harbour rules and executed independently by Pareto Securities, aims to enhance capital management flexibility, support potential acquisitions using treasury shares, adjust the capital structure, and help reduce any discount to net asset value, thereby seeking to create additional value for shareholders. Following these latest transactions, NAXS holds 67,273 treasury shares out of a total of 11,077,585 shares and votes, with scope remaining to repurchase up to 553,879 shares in total under the program.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has repurchased 5,827 of its own shares on Nasdaq Stockholm between 12 and 16 January 2026 as part of an ongoing share buyback program designed to increase capital management flexibility, support capital returns to shareholders, optimize the capital structure and help reduce any discount to net asset value. The transactions, executed independently by Pareto Securities under EU market regulations, bring NAXS’s total treasury shareholding to 60,371 out of 11,077,585 shares, with authorization in place to buy back up to 553,879 shares overall, underscoring the company’s active use of buybacks as a tool to enhance shareholder value and potentially bolster its market valuation.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has repurchased 4,723 of its own shares on Nasdaq Stockholm between 29 December 2025 and 2 January 2026 as part of an ongoing share buyback programme designed to increase capital management flexibility, support potential acquisitions, optimise the capital structure and help reduce any discount to net asset value. The transactions, executed independently by Pareto Securities under EU market abuse and safe harbour rules, bring NAXS’s treasury shareholding to 48,668 out of 11,077,585 shares outstanding, with 48,668 shares bought back since the programme began and scope remaining to repurchase up to a total of 553,879 shares, signalling continued active capital return and balance sheet management for shareholders.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK39.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB has continued to execute its previously announced share repurchase program, buying back 4,723 of its own shares on Nasdaq Stockholm between 29 December 2025 and 2 January 2026 through Pareto Securities AB. The program is intended to increase flexibility in capital management, support capital returns, optimize the company’s capital structure and help reduce any discount to net asset value, ultimately aiming to enhance shareholder value; following these latest transactions, NAXS holds 48,668 treasury shares out of a total 11,077,585 outstanding, with authorization to repurchase up to 553,879 shares under the ongoing program.
The most recent analyst rating on (SE:NAXS) stock is a Hold with a SEK39.00 price target. To see the full list of analyst forecasts on NAXS AB stock, see the SE:NAXS Stock Forecast page.
NAXS AB, a NASDAQ Stockholm-listed Nordic-focused private equity investment company, has appointed co-founder and long-time investment advisor Amaury de Poret as its new Chief Executive Officer, effective January 1, 2026. De Poret’s elevation from advisor to CEO signals a return to founder-led leadership and continuity in the firm’s investment strategy, while the board thanked outgoing interim CEO Børge Johansen for his contributions during the transition period.
NAXS AB’s subsidiary NAXS A/S has agreed with Naccess Partners AB to immediately terminate their long-standing investment advisory agreement, originally signed in 2007, in exchange for a one-off settlement that replaces all future fixed and variable fee obligations. The deal results in a negative earnings impact of SEK 11 million in the fourth quarter of 2025, comprised of an SEK 8.2 million cash payment and a SEK 2.8 million write-down of a receivable related to carried interest, but it simultaneously eliminates future management fee and profit-sharing liabilities from 2026 onward, potentially improving the company’s cost structure after a year in which it paid SEK 10.8 million in advisory and carried interest fees.
NAXS AB has continued to execute on its previously announced share repurchase program, buying back 3,726 shares on 22–23 December 2025 on Nasdaq Stockholm as part of a broader initiative to optimize its capital structure and enhance shareholder value. The program, conducted under EU market abuse and safe harbour rules and executed independently by Pareto Securities, has resulted in a total of 43,945 shares repurchased since late November, leaving room for further buybacks of up to a maximum of 553,879 shares and signaling the company’s active use of capital management tools to address any discount to net asset value and support long-term returns for investors.
NAXS AB has repurchased 6,807 of its own shares on Nasdaq Stockholm between 15 and 19 December 2025 under a share buyback program authorized by the board to optimize capital management, adjust the company’s capital structure, support potential acquisition financing, and help reduce any discount to net asset value by shrinking the share capital. The transactions, executed independently by Pareto Securities in accordance with EU market abuse and safe harbour regulations, bring NAXS’s total treasury shareholding to 40,219 shares out of 11,077,585 outstanding, with 40,219 shares bought back since the program began and scope remaining to repurchase up to 553,879 shares, signalling an active capital return policy aimed at enhancing shareholder value.