Kinnevik Q3 Net Asset Value Edges Up 1% as Private Portfolios Grow

Kinnevik AB (OMXSTO:KINV_A) reported a net asset value of SEK 29.8 billion, or SEK 108 per share, for the third quarter of 2026. The figure represents a 1 percent increase of SEK 0.2 billion from the previous quarter, despite a 17 percent drop of SEK 6.0 billion over the first nine months of the year. Shares of the Swedish investment company rose 3.31 percent to 78 SEK following the release of the report.

The quarterly asset growth was propelled by operational gains across portfolio businesses, favorable currency movements, and updated funding rounds for Enveda and Tandem Health at higher valuations. However, those advances were partially offset by lower valuation multiples in selected holdings and share dilution. Operating metrics across major sectors remained solid during the first nine months, as Health and Bio holdings grew revenue by a weighted average of 33 percent and Software businesses recorded 30 percent revenue growth.

Kinnevik plans to gradually concentrate its investment portfolio toward larger, profitable, later-stage companies under Chief Executive Officer Helena Saxon. Investors will be monitoring how efficiently the firm deploys capital following recent asset sales, including full divestments in Oda and YouScan alongside a partial stake sale in Recursion that generated combined net proceeds during the period.