EQS-Adhoc: Heliad AG: Heliad publishes preliminary results for 2023 and NAV as of December 31, 2023

Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014

Heliad publishes preliminary results for 2023 and NAV as of December 31, 2023

• Positive IFRS result of approximately EUR 20.1 million, resulting, among other things, from the merger of Heliad Equity Partners GmbH & Co. KGaA and the general partner Heliad Management GmbH into Heliad AG (formerly FinLab AG) and the positive share price development of flatexDEGIRO AG.
• NAV as of December 31, 2023 of approximately EUR 157.8 million.
• Negative HGB result of approximately EUR 15.6 million, resulting in particular from the write-downs on individual investments in financial assets, including Nextmarkets and Instafreight.

Frankfurt am Main, February 13, 2024 – After evaluating the preliminary figures for the 2023 financial year, Heliad AG (ISIN DE0001218063, Ticker A7A) generated a positive annual result of EUR 20.1 million according to International Financial Reporting Standards (IFRS). (pro forma as of December 31, 2022: EUR -48.8 million) and was able to end the year with a net asset value (NAV) of EUR 157.8 million (as of September 30, 2023: EUR 152.8 million). The NAV per share as of December 31, 2023 is EUR 18.76 (as of September 30, 2023: EUR 18.17).

The positive development according to IFRS is due, among other things, to the merger of Heliad Equity Partners GmbH & Co. KGaA and the general partner Heliad Management GmbH into Heliad AG, as the shares originally held in Heliad Equity Partners GmbH & Co. KGaA are no longer at the stock market price , but rather be assessed using the net asset value. The positive net effect resulting from the mergers amounts to EUR 21.8 million. In addition, the increase in the share price of flatexDEGIRO AG from EUR 6.33 as of December 31, 2022 to EUR 11.17 as of December 31, 2023 had a positive impact on the IFRS result . The entire position in flatexDEGIRO AG amounts to EUR 57.4 million as of December 31, 2023. Overall, the investment portfolio developed positively, with Raisin, Enpal and most recently FINN completing significant financing rounds.

Opposing effects result mainly from the write-down of individual non-listed investments in financial assets. These investments primarily include Nextmarkets and Instafreight. Due to the depreciation of financial assets, a negative result of EUR 15.6 million is expected according to German commercial law (HGB) (as of December 31, 2022: EUR +2.0 million).

The values ​​are preliminary and untested. The 2023 annual financial report will be published at www.heliad.de in the Investor Relations section by April 30, 2024 at the latest.

About Heliad

Heliad (ISIN: DE0001218063 / Ticker: A7A) is a listed investment company with the aim of supporting both entrepreneurs and investors alike. The company invests in market-leading companies, regardless of sector and regional origin, with the intention of driving the next phase of growth. As a listed company with a strong team and strategic partners, Heliad supports companies before, during and after an IPO and paves the way to public capital markets. Heliad’s evergreen structure allows it to operate independently of the usual financing terms and offers shareholders unique access to market returns before the IPO, without restrictions or limitations on the size of the investments. Further information about us can be found at www.heliad.de and follow us on LinkedIn.

Contact

Contact:
Heliad AG
Tel: +49 69 719 12 80 00
Email: [email protected]