Here is this week's news from the unlisted companies on Eqvor's platform.
Quarterly report
Kaunis Iron — stronger cash position and lower costs
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Cash and cash equivalents, MSEK | 715 | 408 | +75% |
| Cash flow from operating activities, MSEK | 222 | −75 | – |
| EBITDA, MSEK | 79 | 77 | +3% |
| Concentrate production, kt | 601 | 435 | +38% |
Operating costs fell to SEK 353 million (413), mainly thanks to lower waste rock production. Revenue was 410 million (616). The comparison quarter included SEK 84 million in sea freight, and excluding it the comparison figure was 532 million.
Source: Kaunis Holding AB, interim report for the third quarter of 2026 (28 October 2026).
Annual report
Billogram — grew 10 per cent and raised 55.7 million
| 2025 | 2024 | Change | |
|---|---|---|---|
| Net sales | 206.7 | 187.7 | +10% |
| Operating profit/loss | −215.6 | −219.5 | – |
| Cash and bank | 80.6 | 112.5 | −28% |
The operating loss includes SEK 125.9 million in goodwill amortisation. The new share issue brought in 55.7 million and the equity ratio rose to 79.7 per cent (75.2).
Source: Billogram Holding AB, annual report for the 2025 financial year.
Management
Voi — co-founder Douglas Stark steps down as board member
Douglas Stark and Lars Fjeldsoe-Nielsen are proposed to step down as board members on 1 January 2027 and be replaced by Anna Bäck and Camilla Öberg. An extraordinary general meeting will decide on 23 November, and according to Breakit, Stark will continue as a deputy board member. Major shareholder VNV Global, which owns 20.8 per cent, wrote down the value of its holding by 4 per cent to 101.5 million dollars in the third quarter.
Source: Voi Technology AB, notice of extraordinary general meeting (25 October 2026), Breakit 27 October 2026 and VNV Global, interim report for the third quarter of 2026.
Strategy
Lyvia — general meeting approved the sale of Brand & Business Design
The extraordinary general meeting on 29 October approved the sale of the companies in Brand & Business Design, including Humblestorm and Folket, to a company owned by people on the boards and in the management of those businesses. Work to complete the deal continues.
Source: Lyvia Group AB (publ), communiqué from the extraordinary general meeting, 29 October 2026.
Interview
Airmee — twelve months of positive EBITDA
On the podcast Framtidens e-handel, CEO Elin Morales Härén says that Airmee has twelve months of positive EBITDA behind it. When she joined as CFO in 2019, gross margin 1 was minus 135 per cent.
Source: Framtidens e-handel, episode 398.
Strategy
Blykalla — brings NEEXT's engineers into the SEALER work
Blykalla is expanding its collaboration with France's NEEXT, whose engineers are being integrated into Blykalla's own organisation to drive the basic design of the conventional part of the SEALER plant.
Source: Blykalla, press release on 26 October 2026.
Launch
Anduril — building American computers with Qualcomm
Anduril and Qualcomm Technologies are launching BlueChip, a product line of computers built in the US. First out is a laptop with Qualcomm's Snapdragon X series that is designed and assembled in the US. Anduril plans to take orders from 2027.
Source: Anduril Industries, press release on 27 October 2026.
Partnership
Hedvig — partnership with Skellefteå Kraft
Since 15 October, Skellefteå Kraft's customers get a 25 per cent discount for six months on home insurance with Hedvig. Hedvig's members in turn are offered an electricity contract with twelve months without a monthly fee and without a per-kWh mark-up.
Source: Hedvig, news item on hedvig.com on 29 October 2026.
Launch
Virtune — Staked NEAR ETP to Xetra
Virtune Staked NEAR ETP has been traded on Deutsche Börse Xetra since 28 October, the company's 13th product on the German market. Virtune has 24 ETPs and manages around 340 million dollars.
Source: Virtune, press release on 29 October 2026.
Strategy
Snigel — pauses its stock market plans
The defence company Snigel is pausing its plans to take the company to the stock exchange, according to Breakit. The company has grown quickly and its valuation has recently tripled.
Source: Breakit, 29 October 2026.
Vägen till Exit (The Road to Exit), episode 23: CDLP's founder on the sharp shift towards profitability
With Andreas Palm, founder of CDLP.
Source: Vägen till Exit, episode 23, published on 27 October 2026.
