Core Viewpoint - INVL Technology has successfully extended its operational term by two years, now set to end on 14 July 2028, to enhance strategic flexibility and complete its investment cycle effectively [2][4]. Group 1: Operational Extension - The Extraordinary General Meeting of Shareholders held on 5 February 2026 approved the proposal to extend the company's operational term [1][3]. - The operational term was previously scheduled to end on 14 July 2026 and is now extended to 14 July 2028 [2][4]. Group 2: Strategic Implications - The extension of the operational term is aimed at ensuring strategic flexibility and facilitating the smooth completion of the investment cycle, focusing on long-term value creation for shareholders [2][5]. - Kazimieras Tonkūnas, Managing Partner of INVL Technology, emphasized that the decision allows for the best outcomes for investors while continuing to enhance the value of portfolio companies [5]. Group 3: Financial Performance - INVL Technology reported a net profit increase of 89% year-on-year for the first nine months of 2025, amounting to EUR 2.1 million [7]. - As of 30 September 2025, the company's equity stood at EUR 53.36 million [7].

Core Viewpoint - INVL Technology has selected ICON Corporate Finance as its M&A investment adviser to facilitate the sale of its entire portfolio of companies, leveraging ICON's expertise in technology sector transactions and international buyer network [1][2][4]. Group 1: M&A Advisory Selection - The decision to choose ICON Corporate Finance was based on its extensive experience in technology M&A and its capability to manage structured sales processes globally [2][5]. - ICON Corporate Finance will act as an intermediary in the sale of INVL Technology's portfolio companies, which includes notable IT businesses [4][6]. Group 2: Portfolio and Financial Performance - INVL Technology's portfolio includes companies such as NRD Cyber Security, NRD Companies, and Novian, which operate in the Baltic region [9]. - The company's net profit for the first nine months of 2025 increased by 89% year-on-year to EUR 2.1 million, with equity standing at EUR 53.36 million as of 30 September 2025 [10]. Group 3: Future Plans and Meetings - The realization of the portfolio is planned to be completed by mid-July 2026, with an Extraordinary General Meeting of Shareholders scheduled for 5 February 2026 to propose extending the company's term of activity for two years [8].

Core Viewpoint - INVL Technology plans to hold an extraordinary general meeting to propose extending its operational term until 14 July 2028, allowing for the completion of the investment cycle and maximizing shareholder returns [1][2][5]. Group 1: Company Operations - The current Articles of Association allow INVL Technology's operations to continue until 14 July 2026, with a potential extension of up to two years [2][5]. - The company believes that some portfolio companies have significant growth potential, making the extension beneficial for optimizing the investment cycle [3][6]. Group 2: Financial Performance - As of 30 September 2025, INVL Technology's equity stood at EUR 53.36 million [7]. - The portfolio companies are experiencing a mature growth stage, expanding faster than the B2B technology market while maintaining profitability and generating positive free cash flows [7]. Group 3: Company Structure - INVL Technology is a closed-end investment company managed by INVL Asset Management, owning three businesses: NRD Cyber Security, NRD Companies, and Novian, which operate across the Baltic region [8]. - The company is set to announce its preliminary financial results for 2025 on 4 March 2026 [8].

Core Insights - The company INVL Technology reported a net profit of EUR 2.1 million for the first nine months of 2025, representing an 89% increase compared to EUR 1.11 million in the same period of 2024 [2][3]. - The company's equity and net asset value as of September 30, 2025, were EUR 53.36 million and EUR 4.46 per share, reflecting increases of 3.8% and 4% respectively since the beginning of the year [1][3]. - The company anticipates double-digit growth in 2025 based on the performance of its portfolio companies and is preparing for an active phase of divestment [4]. Financial Performance - The aggregated revenues of INVL Technology's portfolio companies reached EUR 52.27 million in January-September 2025, a 7.9% increase from the same period last year [5]. - The gross profit of these companies increased by 22.6% to EUR 17.20 million, while aggregated EBITDA grew by 69.9% to EUR 3.84 million [5]. Portfolio Company Highlights - NRD Cyber Security reported a 69.4% increase in consolidated revenue to EUR 9.92 million, with gross profit growing by 44.3% to EUR 4.33 million and EBITDA doubling to EUR 1.86 million [6]. - NRD Companies achieved consolidated revenue of EUR 8.40 million, an increase of 22.1%, with gross profit rising by 18.3% to EUR 3.89 million and EBITDA growing by 62.8% to EUR 1.12 million [7]. - Novian's consolidated revenue was EUR 25.79 million, a decrease of 16% compared to the previous year, while gross profit fell by 6% to EUR 6.23 million; however, normalized EBITDA increased by 9.3% to EUR 1.95 million [8].

Core Viewpoint - NRD Cyber Security has decided to liquidate its Bangladesh-based entity while continuing its operations in the region without a registered legal entity [1][2]. Group 1: Company Actions - NRD Cyber Security has been operating in Bangladesh since 2015, contributing to the development of national cybersecurity capabilities [2]. - The company controls 99% of NRD Bangladesh's shares, which will be purchased by its founder, Norway Registers Development AS, to facilitate the liquidation [3]. - The planned liquidation will not impact the overall value of NRD Cyber Security or Norway Registers Development AS [3]. Group 2: Business Focus - NRD Cyber Security aims to focus on business development in the Indo-Pacific region following the liquidation of its Bangladesh entity [2]. - The company provides a range of cybersecurity solutions and consulting services, aiming to create secure digital environments for various stakeholders [4].

Group 1: Financial Performance - NRD Cyber Security's consolidated revenue for the first half of this year increased by 45.3% to EUR 5.3 million compared to the same period in 2024 [1] - Gross profit for the comparable period increased by 30.5% to EUR 2.5 million [1] - EBITDA increased by 58.2% to EUR 0.9 million [1] Group 2: Market Trends and Opportunities - The market is shifting towards a holistic approach to cybersecurity services, moving away from individual services [2] - There is an increasing expectation for cybersecurity-as-a-service, which includes procedures, processes, technology security configurations, and threat detection and prevention [2] - The growth of Security Operations Centres (SOCs) worldwide is expected to create new opportunities for specialized monitoring tools like Natrix, a cybersecurity threat monitoring platform developed by the company's R&D team [2] Group 3: Company Overview - NRD Cyber Security offers cybersecurity solutions, consulting, and services aimed at creating secure digital environments for countries, governments, and businesses [3] - The company is managed by INVL Technology, which is a Nasdaq Vilnius-listed IT investment company [3]

Core Insights - INVL Technology reported a net profit of EUR 0.766 million for the first half of 2025, representing a 22.8% increase from EUR 0.624 million in the same period of 2024 [2] - The company's equity and net asset value reached EUR 52.03 million and EUR 4.35 per share as of June 30, 2025, reflecting increases of 1.2% and 1.4% respectively since the beginning of the year [2] - The company anticipates significant revenue and profit growth in 2025 due to strong performance from managed companies and new contracts [3] Financial Performance - The aggregate revenue of companies managed by INVL Technology for January–June 2025 was EUR 28.7 million, a 2.8% increase year-on-year [5] - Gross profit for the same period increased by 11.4% to EUR 10.4 million, while aggregate EBITDA rose by 10.7% to EUR 2.5 million [5] - In Q2 2025, revenue increased by 14.3% year-on-year, gross profit rose by 22.4%, and EBITDA surged by 44.5% [5] Company-Specific Performance - NRD Cyber Security, managed by INVL Technology, saw its consolidated revenue increase by 45.3% to EUR 5.3 million in the first half of 2025 [6] - NRD Companies reported consolidated revenue of EUR 5.6 million, an 11.3% increase from the previous year, although gross profit decreased by 1.4% to EUR 2.5 million [7] - Novian's consolidated revenue was EUR 12.5 million, down 21.4% from the first half of 2024, with gross profit decreasing by 6.3% to EUR 3.9 million [8] Strategic Initiatives - INVL Technology is actively pursuing divestment processes for its portfolio companies and plans to enter a new phase after hiring new investment advisors [4]

Core Viewpoint - INVL Technology has terminated its agreement with Corum Group to enhance flexibility in exploring alternative strategic options for divesting its portfolio companies while continuing ongoing negotiations with potential buyers [3][5]. Group 1: Termination of Agreement - The company terminated the contract with the Zurich branch of Corum Group International on 17 July 2025, with certain terms remaining in force for a 12-month tail period [4]. - The decision was made to provide greater flexibility in exploring other divestment possibilities [3][5]. Group 2: Ongoing Sales Process - Despite the challenging economic conditions affecting B2B technology companies in Europe, the US, and Canada, the company continues to pursue the sale of its portfolio companies and has interested parties [5]. - Negotiations with potential buyers are ongoing, and the company is not halting the divestment process [2][5]. Group 3: Portfolio Performance - The portfolio companies are performing well, and their results will be reflected in the report for the first half of the year, which is expected to be published at the end of August [5]. Group 4: Company Overview - INVL Technology invests in IT businesses and is managed by INVL Asset Management, a leading alternative asset manager in the Baltics [5][6]. - The company owns and manages cybersecurity company NRD Cyber Security, GovTech company NRD Companies, and Baltic IT company Novian [6].

Core Insights - NRD Cyber Security experienced significant growth in 2024, with consolidated revenue reaching EUR 10,194 million, a 37.6% increase from 2023, and net profit rising by 23.3% to EUR 1,012 million [1][2] Group 1: Financial Performance - The company generated consolidated revenue of EUR 10,194 million in 2024, marking a 37.6% increase compared to the previous year [1] - Net profit for the year was EUR 1,012 million, reflecting a 23.3% growth from 2023 [1] Group 2: Market Demand and Project Implementation - The results indicate a growing global demand for cybersecurity services, with the company's team successfully implementing complex projects in both Lithuania and international markets [2] - There is an increasing need for organizations to enhance their cyber resilience at operational and IT infrastructure levels [2] Group 3: International Projects and Collaborations - NRD Cyber Security has developed internationally recognized security solutions, including the Natrix platform, which has been deployed in the Egyptian financial sector [3] - The company completed a major project with the European Union Agency for Cybersecurity (ENISA) to assess and enhance the cyber resilience of EU countries [4] - Other notable projects include the development of a postal ISAC for the Universal Postal Union and the design of a cybersecurity incident response team for the Eastern Caribbean Region [4] Group 4: Innovation and Strategic Development - The company actively invests in innovative solutions that align with national and EU strategic priorities, enhancing the capabilities of Security Operations Centres (SOCs) to exchange critical information in real time [5] - NRD Cyber Security aims to create secure digital environments for various stakeholders, including countries, governments, and businesses [6]

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]