The investment company Katalysen reports a higher portfolio value during the first quarter while results improved compared with the corresponding quarter last year.The total portfolio value rose to SEK 145 million at the end of the quarter, from SEK 139 million in the previous quarter. Core investments increased to SEK 112 million from SEK 104 million and accounted for 77.2 percent of the total portfolio.Revenue was SEK 1.0 million (0). Profit/loss after financial items improved to SEK -1.8 million (-5.4). Earnings per share amounted to SEK -0.16 (-0.68).During the quarter, the company invested approximately SEK 0.8 million and estimates that this generated an additional portfolio value of approximately SEK 5.7 million. Katalysen also carried out two directed share issues that together raised approximately SEK 5.3 million.During the period, MainlyAI was added as a new holding. After the end of the quarter, Aike Media and its subsidiary Collabs announced that the companies had filed for bankruptcy. Katalysen's financial exposure to Aike amounts to approximately SEK 3.5 million."It has now been more than two years since Katalysen implemented its current business strategy. Since the launch, the Venture Targeter strategy has generated approximately SEK 83 million in additional portfolio value. This value creation has largely compensated for the write-downs made in other parts of the portfolio in recent years and further confirms the effectiveness of our updated investment strategy," CEO Anders Dahlgren says in the report. He continues."Looking ahead, our focus remains on strengthening our core holdings, carrying out ongoing strategic initiatives and driving discussions around partial or full exits in the portfolio. Several portfolio companies are now entering increasingly important commercial phases, which creates favorable conditions for future value realization."The head of Katalysen Ventures also writes that the company is entering the rest of the year with a stronger balance sheet and that it is focused on disciplined execution, active ownership and long-term shareholder value.Key figures (SEK million)Q1 2026Q1 2025ChangeTotal portfolio value145139*4.5%Core investments112104*7.0%Net sales1.00Profit before tax-1.8-5.4Earnings per share (SEK)-0.16-0.68*The comparison refers to the previous period.