The investment company Katalysen Ventures reduced its portfolio value in the fourth quarter.Revenue amounted to SEK 0.6 million (0).The operating result was SEK -4.7 million (-2.9). The result both before and after tax was SEK -11.3 million (-9.3). Earnings per share amounted to SEK -1.14 (-1.17).The portfolio value decreased by 1.4 percent as a result of revaluations of smaller holdings. At the same time, the value of the portfolio's core investments increased by 5.1 percent, and these now account for approximately 75 percent of the portfolio value."At the core-investment level, we see encouraging developments within InvitePeople, S4DX, and Valega Chain Analytics, supported by key commercial contracts that are expected to have a significant impact on valuations," comments CEO Anders Dahlgren.Going forward, the company's main focus is on actively driving the ongoing discussions about partial or full divestments within the portfolio. "We currently have two structured processes underway that are progressing according to plan and are intended to lead to divestments during 2026. Based on the maturity of these processes, we see a good opportunity to successfully complete at least one of our larger divestment transactions during the year, which would constitute an important step in realizing the value built up in recent years," says Dahlgren.Katalysen Ventures, SEK mQ4-2025Q4-2024Net sales0.60Operating result-4.7-2.9Result before tax-11.3-9.3Net result-11.3-9.3Earnings per share, SEK-1.14-1.17