Enlight Research revises target price for INVL Technology’s shares

Company Overview - INVL Technology is an investment company focused on IT businesses, managing companies such as NRD Cyber Security, NRD Companies, and Novian [2] - The company is managed by INVL Asset Management, a leading alternative asset manager in the Baltics [4] Financial Performance - As of December 2024, INVL Technology reported an equity and net asset value of EUR 51.43 million, representing an 18.2% increase year-over-year [2] - The value per share of its equity and NAV was EUR 4.2896, reflecting a growth of 19% [2] - The audited net profit for 2024 was EUR 8.09 million, which is 56.6% higher than in 2023 [2] Valuation Update - Enlight Research has updated its valuation of INVL Technology, raising the target price for its shares to EUR 4.12 from EUR 4.01 [1] - Prior to this update, INVL Technology's share price was EUR 3.4 on the Nasdaq Vilnius stock exchange [1] M&A Activity - In March of the previous year, INVL Technology entered into an agreement with Corum Group International for M&A advisory services related to the sale of its portfolio of businesses [3] Investment Strategy - INVL Technology is a closed-end investment company that is required to exit its investments by mid-July 2026 and distribute the proceeds to shareholders [4]