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Summary of Key Points Core Viewpoint - The net asset value (NAV) of SUTNTIB AB Tewox has decreased, indicating a decline in the company's financial performance as of the end of October 2025 [2]. Financial Performance - The NAV at the end of October 2025 is EUR 44,897,707, down from EUR 45,276,142 at the end of September 2025, reflecting a decrease of approximately EUR 378,435 [2]. - The share price has also decreased to EUR 1.0725 from EUR 1.0815 at the end of September 2025, indicating a decline in market valuation [2]. - The pro-forma internal rate of return (IRR) has decreased to 3.09%, down from 3.41% at the end of September 2025, suggesting a reduction in expected profitability [2].

Core Viewpoint - The company has adjusted its net asset value (NAV) and share price for the periods ending 31 December 2024 and 31 March 2025 due to discrepancies identified in the fair value measurement of investment assets [1][2]. Group 1: Adjustments and Financial Impact - The total amount of identified discrepancies in NAV and share price is EUR 2,488,000 [2]. - As of 31 December 2024, the adjusted net asset value increased from EUR 98,222,908 to EUR 100,710,697, reflecting a change of EUR 2,487,789 or 2.54% [3]. - The share price as of 31 December 2024 was adjusted from 1.6745 to 1.7170, an increase of 0.0425 or 2.54% [3]. - The internal rate of return (IRR) for the same date was adjusted from 2.31% to 3.12%, a change of 0.81% [3]. - As of 31 March 2025, the adjusted net asset value rose from EUR 95,847,323 to EUR 98,334,499, a change of EUR 2,487,176 or 2.59% [4]. - The share price as of 31 March 2025 was adjusted from 1.6340 to 1.6764, an increase of 0.0424 or 2.59% [4]. - The IRR for this date was adjusted from 1.42% to 2.18%, a change of 0.76% [4]. Group 2: Reasons for Discrepancies - The discrepancies were attributed to inaccuracies in the valuation of investments using income and asset approaches, and errors in calculating working capital for assessed investments [5]. - The recalculation of net debt for the investment PL SUN sp. z o.o. contributed to the discrepancies [5]. - The investment UAB Žaliosios investicijos had managed assets that were not fully depreciated when forecasting cash flows, leading to further adjustments [5].