INVL Technology Portfolio Valuations Surge, Divestment Plan Looms
Event summary
- INVL Technology’s net asset value (NAV) rose 26% year-over-year to EUR 64.6 million as of December 31, 2025, with a NAV per share of EUR 5.40.
- The company reported a preliminary unaudited net profit of EUR 13.3 million for 2025, up 62% from EUR 8.1 million in 2024.
- Portfolio company NRD Cyber Security saw a 24% revenue increase and a 65% EBITDA increase year-over-year.
- INVL Technology has engaged ICON Corporate Finance to advise on the divestment of its portfolio businesses.
The big picture
INVL Technology’s strong 2025 results, driven by its portfolio companies’ growth in cybersecurity, IT services, and GovTech, highlight the increasing demand for specialized digital solutions across Europe. The engagement of ICON Corporate Finance signals a strategic shift towards realizing value through divestment, potentially indicating a change in INVL Technology’s long-term investment strategy. The company’s portfolio collectively generated EUR 77.4 million in revenue, demonstrating the scale of its operations.
What we're watching
- Divestment Timeline
- The speed and terms of the portfolio divestment, advised by ICON Corporate Finance, will be critical to unlocking shareholder value and could expose underlying business valuations.
- Regulatory Impact
- The continued influence of EU regulations like DORA and NIS2 on NRD Cyber Security’s growth trajectory will determine its ability to sustain high revenue and EBITDA increases.
- Nordic Expansion
- Novian’s anticipated growth in the Nordic region and Germany will be a key indicator of its strategic focus on Deep Tech and AI, and its ability to compete in advanced IT markets.
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