WebRock Ventures

Financial Position

• The Net Asset Value (NAV) amounted to SEK 578.0 million (722.3), corresponding to SEK 34.3 per share (42.9), which represents a decrease of -20.0% per share during the period October-December 2023.

The period October-December 2023

• Change in value of financial assets amounted to SEK -40.2 million (-367.4)
• Investments during the period amounted to SEK 5.3 million (3.5)
• Operating profit amounted to SEK -45.9 million (-371.0)
• Net profit amounted to SEK -46.0 million (-370.9)
• Profit per share amounted to SEK -2.7 (-22.6)

The period January-December 2023

• Change in value of financial assets amounted to SEK -128.3 million (-252.9)
• Investments during the period amounted to SEK 17.7 million (11.6)
• Operating profit amounted to SEK -144.6 million (-268.1)
• Net profit amounted to SEK -144.6 million (-268.1)
• Profit per share amounted to SEK -8.59 (-16.31)
• For 2023, the Board of Directors proposes that no dividend be paid.

Extract from Joakim Pops CEO letter:

“Key for future value creation is our ongoing commitment to support and invest in our companies. Those that combine ambitious, diverse teams with long-term mindsets, innovative products and services, and focused execution.

We are confident in our ability to effectively allocate the capital we raised in January, and we are already deploying these funds. Our robust cash position, combined with the fact that we are a debt-free company, means we are well-positioned to capitalize on Brazil’s structural trends and business opportunities. Anticipated exits will further boost confidence in our business model and strengthen our solid liquidity position. Our policy emphasizes maintaining a lean and flexible cost structure. As active participants in the company’s daily operations, the management team holds a significant stake in Webrock, closely aligning our interests with those of our fellow shareholders. We remain receptive to improvements and all forms of development that ultimately enhance shareholder value.

As we embarked on the listing of Webrock Ventures on the Nasdaq First North Growth Market in September 2023, the decision may have appeared unconventional. However, to me, our listing signifies our commitment to becoming a responsible publicly traded company, prioritizing transparency, accountability, and providing liquidity for our shareholders. With access to capital and resources, I am particularly proud to highlight our aim of becoming self-sufficient by 2026, which sets us apart from similar companies. This milestone will strengthen our ability to address cash needs, invest in new companies, and strategically await optimal divestment opportunities.’’

Link to the report on the website:
https://webrockventures.com/financial-reports/