KDventures AB Class B

KDventures AB Class B

0.24
SEK
+0.00
(-2.00%)
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.07
0.07
0.04
0.07
0.03
0.03
0.03
0.01
0.01
0.01
0.01
0.01
0.01
0.01
Basic EPS, GAAP
-2.35
-5.51
-14.31
-2.94
2.11
0.34
2.96
-0.85
0.79
-0.28
0.02
-0.02
-0.58
-0.58
Free Cash Flow per Basic Share
-1.09
-1.61
-4.41
-0.12
-0.37
0.15
-0.07
-0.14
0.08
-0.1
-0.08
-0.08
-0.08
-0.08
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-3.04
-8.48
-22.06
-22.19
-20.06
-18.83
-13.38
-6.49
-6.53
-4.73
-4.49
-4.52
-5.1
-5.1
Tangible Book Value per Share
23.21
18.64
3.36
0.4
3.14
3.33
9.83
3.29
4.51
3.93
3.76
3.74
3.15
3.15
Basic Weighted Avg Shares
67
67
74
74
85
89
102
243
215
316
331
331
331
331
Sales/Revenue/Turnover
5
5
3
5
2
3
3
3
2
2
2
2
2
2
Operating Margin (%)
-1,187.31
-1,263.66
-1,488.78
-513.15
-1,381.7
-844.03
-1,151.89
-1,136.36
-1,318.53
-1,381.43
-1,369.46
-1,707.4
-1,249.67
-1,249.67
Depreciation Expense
- -
- -
- -
- -
- -
- -
1
1
1
1
1
1
1
1
Net Income, GAAP
-157
-371
-1,055
-217
180
31
303
-207
171
-88
5
-8
-194
-194
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-3,179.37
-7,385.45
-35,848.84
-4,045.37
7,288.76
992.84
8,953.22
-7,826.74
7,871.84
-3,831.39
267.43
-440.75
-11,601.14
-11,601.14
Working Capital
193
127
296
241
159
-344
-42
29
-42
197
86
45
32
32
LT Debt
- -
23
349
394
379
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
1,565
1,257
248
30
267
296
1,008
800
971
1,241
1,247
1,239
1,045
1,045
Return on Invested Capital (%)
- -
- -
- -
- -
-6.34
-3.64
-4.16
- -
-2.9
- -
-2.21
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
-17.38
-6.34
-27.08
- -
-12.73
- -
-0.36
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

SEK

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
2
2
1
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
331
331
331
Market Capitalization
335
302
118

Working Capital

SEK

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
91
60
41
Cash, Cash Equivalents & STI
81
55
33
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
9
7
8
Payables & Accruals
- -
- -
- -
ST Debt
2
2
1
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
97.19%
6.66%
-15.65%
Free Cash Flow
-21.32%
-92.66%
-6.36%
Net Income, GAAP
198.18%
320.51%
2,292.98%
Sales/Revenue/Turnover
-0.11%
-8.48%
-9.09%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1
1
- -
1
2
2024
- -
- -
- -
- -
2
2025
1
- -
- -
- -
2

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.08
0.07
0.04
-0.01
0.02
2024
- -
-0.05
-0.03
0.06
-0.02
2025
-0.04
-0.22
-0.2
-0.12
-0.58

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

CEO
Viktor Drvota
Full Time Employees
8
Sector
Finance
Industry
Financial conglomerates
Address
Nanna Svartz väg 6A Solna AB Sweden 17165
IPO Date
Apr 15, 2011
Business
Karolinska Development AB (publ) is a Nordic life science investment company focused on identifying, investing in, and developing breakthrough medical innovations originating primarily from the Nordic region. The company manages a diverse portfolio of life science companies primarily engaged in pharmaceutical drug development and medical devices. Its core offerings include investments and active development in companies that advance innovative treatment candidates and medical technologies targeting life-threatening or serious debilitating diseases. The portfolio includes drug candidates in various phases of clinical trials and medical device products in the commercial phase. Karolinska Development leverages partnerships with leading universities, notably Karolinska Institutet, and collaborates with experienced management teams and co-investors, including international specialist investors. The company was founded in 2003 and is headquartered in Stockholm, Sweden. Recent major developments include a proposed rights issue of approximately SEK 203 million intended to finance ongoing development of its existing portfolio companies, new investments, and general corporate purposes. Notable portfolio companies, such as Dilafor and BOOST Pharma, are preparing to initiate phase 3 clinical trials, potentially enhancing licensing or divestment opportunities. The company also plans a name change to KDventures AB, reflecting a strategic repositioning and minor adjustments to its business scope. Additionally, Karolinska Development continues to focus on expanding its portfolio and progressing key clinical milestones, with several portfolio companies expected to release significant trial data during 2025–2026. The company maintains strategic guarantee commitments from external investors to support the rights issue, emphasizing its drive to maximize shareholder value through clinical advancements and commercialization opportunities. Karolinska Development operates within the healthcare and life sciences industry, specifically focusing on venture investment and company building in pharmaceutical and medical technology sectors. Its target markets are primarily innovations originating in the Nordic region with global commercial potential, supporting the development from early research stages through clinical trials to market launch or licensing. The company currently manages a portfolio consisting of approximately eleven investments, which include pharmaceutical drug development projects and medical device companies in various stages of commercialization. Karolinska Development holds strategic influence over its portfolio companies to maximize value creation and leverages its scientific and investor networks for scaling innovations toward commercial success. The company trades on the Nasdaq Stockholm under the ticker KDEV.ST. This comprehensive approach situates Karolinska Development as a specialized investment and development entity within Nordic life sciences, combining financial capital with industry expertise, scientific access, and robust partnerships to advance medical innovations with significant patient impact and commercial potential. Its recent capital raising and planned rebranding signal a continued commitment to portfolio growth and innovation commercialization.

Company News

  • The subscription period in Karolinska Development AB (publ)’s rights issue begins today

  • Idag inleds teckningsperioden i Karolinska Development AB (publ):s företrädesemission

  • Karolinska Development AB (publ) announces publication of information document in connection with upcoming rights issue

  • Karolinska Development AB (publ) offentliggör informationsdokument med anledning av förestående företrädesemission

  • Karolinska Development’s portfolio company SVF Vaccines plans for listing on Nasdaq First North Premier through reverse takeover ahead of accelerated vaccine development

  • Karolinska Developments portföljbolag SVF Vaccines planerar notering på Nasdaq First North Premier genom ett omvänt förvärv inför accelererad vaccinutveckling