EQS-Adhoc

Heliad AG: Heliad publishes preliminary results for 2023 and NAV as of 31.12.2023

EQS-Ad-hoc: Heliad AG / Key word(s): Preliminary Results Heliad AG: Heliad publishes preliminary results for 2023 and NAV as of 31.12.2023 13-Feb-2024 / 14:01 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

Heliad publishes preliminary results for 2023 and NAV as of 31.12.2023

• Positive IFRS result of approx. EUR 20.1 Mio., resulting among other things from the merger of Heliad Equity Partners GmbH & Co. KGaA and the general partner company Heliad Management GmbH to Heliad AG (formerly FinLab AG) and the positive share price performance of flatexDEGIRO AG.
• NAV as of 31.12.2023 in the amount of approx. EUR 157.8 Mio.
• Negative HGB result of approx. EUR 15.6 Mio., resulting in particular from write-downs on individual investments in financial assets, including Nextmarkets and Instafreight.

Frankfurt am Main, February 13, 2024 - Heliad AG (ISIN DE0001218063, ticker A7A) has generated a positive annual result of EUR 20.1 Mio. for the financial year 2023 in accordance with the International Financial Reporting Standards (IFRS) (Pro forma as of 31.12.2022: EUR -48.8 Mio.) and ended the year with a Net Asset Value (NAV) of EUR 157.8 Mio. (As of 30.09.2023: EUR 152.8 Mio.). The NAV per share amounted to EUR 18.76 as of 31.12.2023 (As of 30.09.2023: EUR 18.17).
 

The positive development according to IFRS is attributable, among other things, to the merger of Heliad Equity Partners GmbH & Co. KGaA and the general partner company Heliad Management GmbH to Heliad AG, as the shares originally held in Heliad Equity Partners GmbH & Co. KGaA are no longer recognized at the stock market price but at Net Asset Value. The positive net effect resulting from the mergers amounts to EUR 21.8 Mio. In addition, the increase in the share price of flatexDEGIRO AG from EUR 6.33 as of 31.12.2022 to EUR 11.17 as of 31.12.2023 had a positive impact on the IFRS result. The total position in flatexDEGIRO amounted to EUR 57.4 Mio. as of 31.12.2023. Overall, the investment portfolio developed positively, with Raisin, Enpal and, most recently, FINN concluding significant financing rounds.