Esmaeilzadeh Holding publishes interim report for the period January - September 2025

“ We continue to work methodically to strengthen our portfolio companies through active ownership and targeted efforts to improve performance and financial resilience. Our strategy remains firm, to resolutely develop our platforms towards future listings, while realising value to gradually reduce debt."   - Mikael Ericson, CEO

Financial overview

• The total net asset value was MSEK 4,335 (6,543), equivalent to SEK 5,422 (8,332) per ordinary share.
• Total assets were MSEK 5,985 (8,186).
• Net debt amounted to MSEK -1,583 (-1,411), which corresponds to a loan-to-value ratio (LTV)¹⁾ of 26% (17%). The equity ratio was 72% (80%).
• Loss for the nine-month period amounted to MSEK -2,050 (-722) and earnings per share amounted to SEK -2,659 (-936). Loss for the third quarter amounted to MSEK -102 (-98) and earnings per share amounted to SEK -133 (-128).

Significant events during the third quarter of 2025

• No significant events took place during the quarter.

Significant events after the period

• In October, EHAB adjusted the fair value of its holding in Rebellion Capital to MSEK 282, which resulted in a reduction in the net asset value of MSEK 265. The valuation aligns with market-based transactions carried out in Rebellion for the purpose of converting a few outstanding earn-outs into shares in the company.

Webcast

EHAB’s CEO, Mikael Ericson, will present the report in a webcast today at 11:00 CET. Following the presentation, participants will have the opportunity to ask questions. You can join the webcast via the following link:

Esmaeilzadeh Holding AB - Investor Presentation - Jan-Sep 2025

It is also possible to participate via telephone conference through the following telephone number and conference ID:

+46 8 502 428 25

Conference ID: 468 470 587#

Local numbers (for participants outside Sweden)
 

For further information, please contact:

Mikael Ericson, CEO

mikael.ericson@ehab.group

The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 28 November 2025.

About Esmaeilzadeh Holding AB (publ)

EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.

^{1) The definition of the loan-to-value ratio (LTV) was changed in connection with the publication of the first interim report for 2025, in order to better reflect the terms of EHAB’s new bond loan. All figures for comparison periods have been adjusted accordingly. See the definition of alternative key ratios for further details.}