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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.67M | -58.83M | 12.13M | 187.34M | 186.42M | 31.82M |
| Gross Profit | 20.33M | -61.49M | 9.61M | 185.98M | 183.80M | 29.12M |
| EBITDA | 15.18M | -66.57M | 4.36M | 180.09M | 177.41M | 24.12M |
| Net Income | 15.17M | -66.58M | 4.35M | 180.08M | 177.41M | 24.12M |
Balance Sheet | ||||||
| Total Assets | 812.98M | 809.88M | 923.76M | 960.67M | 824.41M | 679.73M |
| Cash, Cash Equivalents and Short-Term Investments | 219.72M | 203.60M | 209.23M | 211.67M | 265.52M | 219.13M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 751.00K | 1.47M | 1.70M | 1.42M | 1.56M | 829.00K |
| Stockholders Equity | 812.23M | 808.41M | 922.07M | 959.25M | 822.86M | 678.90M |
Cash Flow | ||||||
| Free Cash Flow | -12.01M | -10.11M | -9.52M | -14.30M | -10.24M | -12.34M |
| Operating Cash Flow | -12.01M | -10.11M | -9.52M | -14.30M | -10.24M | -12.34M |
| Investing Cash Flow | 92.07M | 51.67M | 48.60M | 4.14M | 89.92M | 35.57M |
| Financing Cash Flow | -47.08M | -47.08M | -41.54M | -43.68M | -33.46M | -33.46M |
NAXS AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr5.44B | 13.73 | ― | 6.23% | -0.22% | -58.80% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | kr740.24M | 19.77 | ― | ― | 34.18% | 242.91% | |
51 Neutral | kr406.61M | -32.15 | ― | 8.78% | ― | ― | |
49 Neutral | kr2.28B | -2.29 | ― | ― | ― | ― |
NAXS AB Corporate Events
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.
NAXS AB has repurchased 9,697 of its own shares as part of a share repurchase program aimed at enhancing capital management flexibility, returning capital to shareholders, and adjusting the company’s capital structure. This initiative is expected to create additional value for shareholders by potentially reducing the discount to the company’s net asset value.
NAXS AB has repurchased 13,170 of its own shares between December 1 and December 5, 2025, as part of a share repurchase program initiated to enhance capital management flexibility, return capital to shareholders, and adjust the company’s capital structure. This initiative, compliant with EU regulations, aims to counteract any discount to the company’s net asset value and create additional shareholder value, with Pareto Securities AB executing the transactions independently on Nasdaq Stockholm.
NAXS AB has repurchased 10,545 of its own shares from November 26 to November 28, 2025, as part of a share repurchase program initiated by the Board of Directors. The program aims to provide capital management flexibility, return capital to shareholders, adjust the capital structure, and potentially use shares in acquisitions. This move is designed to counteract any discount to the company’s net asset value and create additional value for shareholders.
NAXS AB has announced the initiation of a share buy-back program starting on November 24, 2025, continuing until the 2026 annual general meeting. The buy-back aims to provide the board with flexibility in capital management, enhance shareholder value, and adjust the company’s capital structure. The buy-back will be conducted on Nasdaq Stockholm, adhering to specific regulations, with a maximum of 553,879 shares to be repurchased, representing up to five percent of the total shares.
NAXS AB’s board has approved a share buy-back program, allowing the company to repurchase up to 553,879 shares, equivalent to 5% of its total shares, on Nasdaq Stockholm. This initiative aims to enhance shareholder value by providing capital management flexibility, adjusting capital structure, and potentially using shares for acquisitions or incentive programs.
Following an Extraordinary General Meeting, NAXS AB’s new Board of Directors has reaffirmed its strategic focus on maximizing the value of its private equity portfolio to enhance shareholder returns. The Board is confident in the potential of its unlisted assets and has clarified that the company is not undergoing liquidation. Instead, it plans to actively manage its portfolio and repurchase shares, which are considered undervalued. The Board will not prioritize new long-term commitments to private equity funds but is open to short-term strategic transactions to optimize the company’s balance sheet and capitalize on market opportunities.
At the Extraordinary General Meeting of NAXS AB held on November 12, 2025, several key resolutions were passed. The meeting appointed a new board of directors, with Oliver Molse elected as chairman, and set the remuneration for board members. Additionally, a nomination committee was established, and the board was authorized to acquire own shares, conduct synthetic buy-backs, and issue new shares, reflecting strategic moves to enhance the company’s operational flexibility.
NAXS AB’s major shareholders, Buntel AB and Lärkberget AB, who together control nearly 37% of the company’s shares, have proposed changes to the board of directors ahead of the Extraordinary General Meeting. The proposal includes setting the board at four members, adjusting remuneration, and electing new board members, including Oliver Molse as chairman. This move could impact the company’s strategic direction and governance, potentially influencing its market position and stakeholder relations.
NAXS AB has announced an extraordinary general meeting scheduled for November 12, 2025, in Stockholm. The meeting will address several key proposals, including the determination of board members and their remuneration, authorisation for the acquisition of the company’s own shares, and resolutions on synthetic buy-backs and new share issues. The Shareholders, Buntel AB and Lärkberget AB, who control nearly 37% of the company’s shares, have requested this meeting to discuss these strategic decisions.