INVL Technology, a company investing in IT businesses, reported an equity and net asset value of EUR 44.44 million at the end of September 2024, up 2.1% from the start of the year. Their per share value also increased by 2.8%. The company saw a net profit of EUR 1.11 million in the first nine months of 2024, compared to a loss of EUR 0.538 million in the same period last year.
INVL Technology’s portfolio companies, specializing in cybersecurity, artificial intelligence, and supercomputers, saw a 12.5% increase in revenue and 14.5% increase in gross profit in January-September 2024. The company has signed an agreement with M&A intermediary Corum Group for the sale of its portfolio of businesses to attract international investors.
NRD Cyber Security, NRD Companies, and Novian, are part of INVL Technology’s portfolio companies. NRD Cyber Security reported a 26.74% revenue increase, while NRD Companies experienced a 17.9% revenue decrease but a 9.3% increase in gross profit. Novian had an 18.6% revenue increase and a 24.2% increase in gross profit.
INVL Technology, managed by INVL Asset Management, aims to exit its investments by mid-July 2026 and distribute funds to shareholders. Managing partner Kazimieras Tonkūnas expects good results for the full year 2024.
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