MAIN ARTICLES OF PROFIT & LOSS STATEMENT
| EUR thousand | 1Q 2025 | 1Q 2024. |
| Revenue from strategic business | 3,886 | 2,926 |
| Profit from strategic business (including net changes in fair value) | 1,225 | 1,418 |
| Profit from other investments | 17,156 | 3,481 |
| Operating profit | 18,573 | 5,008 |
| Net profit (Group & Company) | 15,859 | 4,676 |
NET ASSET VALUE BREAKDOWN
| EUR thousand | 31/03/2025 | 31/03/2024 |
| Investments | 250,726 | 214,686 |
| Cash & cash equivalents | 9,595 | 133 |
| Other assets | 1,783 | 7,143 |
| Total assets | 262,104 | 221,962 |
| Total liabilities | -23,979 | -39,137 |
| NET ASSET VALUE | 238,125 | 182,825 |
| NET ASSET VALUE PER SHARE | 19.82 | 15.23 |
FINANCIAL RATIOS
| 31/03/2025 | 31/03/2024 | |
| Return on Equity (ROE), trailing 12 months, % | 26.4 | 31.4 |
| Debt – equity ratio | 0.12 | 0.22 |
| Earnings per share (EPS), EUR | 1.32 | 0.39 |
| Price to Book (P/B) | 0.98 | 0.78 |
The definitions of the used indicators and the calculation methodology are provided on the company’s website Formulas of performance indicators – Invalda INVL