Core Insights - INVL Technology's equity and net asset value as of March 31, 2025, were EUR 51.36 million and EUR 4.2767 per share, reflecting a decrease of 0.1% and 0.3% respectively from the start of the year [1][3] - The company reported a net loss of EUR 0.079 million for the first quarter of 2025, compared to a net profit of EUR 0.279 million in the same period of 2024 [2][3] Financial Performance - The company's investments in managed companies reached EUR 54.16 million at the end of March 2025, up from EUR 45.35 million at the end of March 2024 [1] - INVL Technology's portfolio companies generated aggregated revenues of EUR 12.9 million in January-March 2025, an 8.1% decline year-on-year, while gross profit increased by 0.6% to EUR 4.3 million [5] - The aggregated EBITDA for the portfolio companies decreased by 26.4% to EUR 0.8 million [5] Individual Company Performance - NRD Cyber Security's consolidated revenue increased by 28.2% year-on-year to EUR 1.97 million, with gross profit growing by 25.2% to EUR 1.09 million and EBITDA rising by 26.3% to EUR 0.33 million [6] - NRD Companies reported consolidated revenue of EUR 2.73 million, a 5.7% increase from the previous year, but its gross profit decreased by 0.5% to EUR 1.24 million, with EBITDA falling by 36.1% to EUR 0.18 million [7] - Novian's consolidated revenue was EUR 5.99 million, down 27.0% year-on-year, with gross profit decreasing by 17.5% to EUR 1.43 million and EBITDA dropping by 51.0% to EUR 0.26 million [8] Strategic Outlook - The Managing Partner of INVL Technology, Kazimieras Tonkūnas, expressed optimism for growth in 2025 despite negative impacts from currency exchange rate fluctuations, citing contracts signed by the businesses [4] - INVL Technology is a closed-end investment company managed by INVL Asset Management, with a mandate to exit investments by mid-July 2026 and distribute proceeds to shareholders [10]

Core Points - The General Ordinary Shareholders Meeting of INVL Technology was held on April 30, 2025, where various reports and resolutions were presented and approved, including the annual management report for 2024 and the independent auditor's report [1][2][15] - The company reported a net profit of EUR 8.09 million for 2024, which is a 56.6% increase compared to 2023, and its equity and net asset value reached EUR 51.43 million, an 18.2% increase year-over-year [16] - The shareholders authorized the acquisition of up to 10% of the company's authorized capital within 18 months, with a maximum purchase price based on the last published net asset value per share and a minimum price of EUR 0.29 [17][18] Financial Reports - The annual management report for 2024 was presented, detailing the company's performance and financial standing [1] - The independent auditor's report on the financial statements and annual management report was also presented, confirming the accuracy of the financial data [2] Profit Distribution - The profit distribution for the company was outlined, with a total distributable profit of EUR 29.762 million at the end of the financial year [6] - The company did not allocate any profit for dividends or other distributions in this meeting [6] Share Buyback and Capital Management - The management was authorized to use reserves for the purchase of its own shares, with specific conditions for the cancellation of shares exceeding a certain threshold [8][12] - The aim of the share buyback is to fulfill obligations related to stock option programs and to potentially reduce the authorized capital [18] Audit Committee - The shareholders elected three members to the Audit Committee for a new four-year term, ensuring continuity in oversight [11][18] - The hourly remuneration for Audit Committee members was set at EUR 200 before taxes [13] Company Overview - INVL Technology is an investment company focused on IT businesses, including cybersecurity and fintech sectors [19] - The company is managed by INVL Asset Management and is required to exit its investments by mid-July 2026 [20]

Group 1: Financial Performance - INVL Technology reported an audited net profit of EUR 8.09 million in 2024, a 56.5% increase from EUR 5.17 million in 2023 [1] - The company's equity and net asset value reached EUR 51.43 million at the end of December 2024, marking an 18.2% increase year-over-year [1] - The per share value of equity and NAV grew by 19% to EUR 4.2896 [1] Group 2: Portfolio Company Performance - The aggregated revenues of INVL Technology's portfolio companies amounted to EUR 66.23 million in 2024, a 5.8% increase from 2023 [4] - Gross profit for the portfolio companies increased by 9.7% to EUR 19.78 million, while aggregated EBITDA grew by 42.7% to EUR 5.13 million [4] - NRD Cyber Security's consolidated revenue increased by 37.6% to EUR 10.19 million, with gross profit rising by 12.7% to EUR 4.50 million [5] - NRD Companies reported consolidated revenue of EUR 9.97 million, a 9.3% decrease from 2023, but gross profit increased by 9.8% to EUR 4.83 million [6] - Novian's consolidated revenues reached EUR 38.90 million, a 2.4% increase, with gross profit growing by 14.4% to EUR 8.80 million [7] Group 3: Strategic Developments - INVL Technology is in the process of selling its portfolio of businesses, with Corum Group International serving as the M&A intermediary [3][2] - The company is managed by INVL Asset Management, which is the leading alternative asset manager in the Baltics [8] - INVL Technology is a closed-end investment company that must exit its investments by mid-July 2026 and distribute the proceeds to shareholders [8]