INVL Technology: Growing Investments and Strong Performance
INVL Technology Announces a Strategic Investor Presentation
INVL Technology has unveiled details of a forthcoming presentation geared towards investor meetings, marking a proactive step in engaging with potential stakeholders.
Impressive Financial Growth in 2024
In the latest financial year, INVL Technology reported an audited net profit of EUR 8.09 million, representing a substantial increase of 56.5% compared to the prior year’s profit of EUR 5.17 million. This impressive growth showcases the company's ability to adapt and thrive in the evolving IT sector.
The company's equity and net asset value reached EUR 51.43 million by the end of the financial year, displaying an 18.2% increase year-over-year. The per-share equity and NAV value stood at EUR 4.2896, showcasing a growth of 19%.
Portfolio Performance: A Solid Foundation
Growth Across Cybersecurity and AI
According to Kazimieras Tonk?nas, INVL Technology's Managing Partner, their portfolio companies specializing in cybersecurity, artificial intelligence, supercomputing, and information systems have achieved strong operational results. The focus continues to remain on collaborating with potential investors regarding the portfolio's strategic sale.
Partnership with Corum Group International
In a move highlighting their commitment to maximizing value, INVL Technology recently finalized an agreement with the Zurich office of Corum Group’s Luxembourg unit. This partnership establishes Corum Group International as an advisor and intermediary for the sale of INVL's portfolio of businesses, further aligning the company for future growth.
Overview of Business Holdings Performance
In 2024, the collective revenues generated by INVL Technology’s portfolio companies totalled EUR 66.23 million, marking a 5.8% increase over the previous year. Notably, their gross profit rose by 9.7% to EUR 19.78 million, while aggregated EBITDA surged by 42.7% to EUR 5.13 million.
NRD Cyber Security: Leading in Growth
One of the standout entities within INVL Technology’s portfolio is NRD Cyber Security, which includes operations in Bangladesh. This company saw its revenues increase by 37.6%, reaching EUR 10.19 million. Its gross profit also grew by 12.7% to EUR 4.50 million, with EBITDA increasing by 6.9% to EUR 1.22 million.
Focus on Development: NRD Companies and Novian
NRD Companies reported consolidated revenues of EUR 9.97 million, a decline of 9.3% compared to 2023. However, its gross profit of EUR 4.83 million represented a 9.8% increase, even as group EBITDA dipped by 4.1% to EUR 1.30 million. This company operates in Norway and Lithuania, emphasizing its strategic regional presence.
On the other hand, Novian demonstrated resilience with consolidated revenues of EUR 38.90 million, growing by 2.4% from the previous year. Its gross profit exhibited a robust increase of 14.4% to EUR 8.80 million, and a significant rise in EBITDA saw it doubling to EUR 2.58 million, reflecting the effectiveness of its diversified technology services across several regions.
Future Directions for INVL Technology
Managed by INVL Asset Management, the leading alternative asset manager in the Baltics, INVL Technology operates as a closed-end investment company. The company is tasked with an obligation to exit its investments by mid-July 2026, ensuring that the proceeds are distributed to shareholders, thereby maximizing value and returning benefits to its investors.
The proactive measures and solid performance metrics of INVL Technology reflect a determined approach to sustainable growth and value creation. With a promising outlook, the company is set to capitalize on its strengths and market position moving forward.
The authorized point of contact for further inquiries is:
Kazimieras Tonk?nas
INVL Technology Managing Partner
E-mail k.tonkunas@invltechnology.lt
Frequently Asked Questions
What is INVL Technology's primary business focus?
INVL Technology primarily invests in IT businesses, with a focus on cybersecurity, artificial intelligence, and supercomputing.
How did INVL Technology perform financially in 2024?
In 2024, INVL Technology reported a net profit of EUR 8.09 million, showcasing significant financial growth compared to the previous year.
What partnerships has INVL Technology established recently?
INVL Technology has partnered with Corum Group International to facilitate the sale of its business portfolio, enhancing its strategic positioning.
What is the expected timeline for INVL Technology's investment exits?
The company is required to exit its investments by mid-July 2026, ensuring funds are returned to shareholders.
Who can be contacted for more information regarding INVL Technology?
For additional inquiries, you can reach out to Kazimieras Tonk?nas, the managing partner, via email at k.tonkunas@invltechnology.lt.
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