Here is the week's news from the unlisted companies on Eqvor's platform.
Quarterly report
Northmill — record result as business lending grew 246 per cent
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating income | 303 | 220 | +38% |
| Profit before tax | 98 | 60 | +62% |
| Total portfolio | 8,509 | 5,090 | +67% |
| Business portfolio | 2,773 | 802 | +246% |
Northmill reports its highest quarterly result so far. Business lending now accounts for around 33 per cent of the portfolio, compared with roughly 16 per cent a year earlier. The cost/income ratio fell to 37.7 per cent from 44.3, and the credit loss level to 4.5 per cent from 5.1.
For January–September, profit before tax is SEK 258 million (160), already more than for the whole of 2025.
Source: Northmill Group AB (publ), interim report January–September 2026 and press release on 23 October 2026.
Quarterly report
Voi — revenue up 53 per cent in a new record quarter
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Net sales | 88.2 | 57.5 | +53% |
| Vehicle profit | 57.9 | 36.2 | +60% |
| Adjusted EBITDA | 31.0 | 16.4 | +90% |
Voi completed 53 million rides during the quarter, almost half of all rides in the whole of 2025. Revenue per vehicle per day rose 10 per cent despite 40 per cent more active vehicles, and cash flow from operating activities reached a record EUR 33.4 million (19.8).
A new credit facility of EUR 150 million with Danske Bank, Swedbank and DNB has been used to redeem the bonds early, and net debt fell to 0.94 times adjusted EBITDA from 1.76 at the end of the second quarter. According to Breakit, Voi is now eyeing the Stockholm Stock Exchange: “Next year we will have opportunities for a listing if we choose to,” says CFO Mathias Hermansson.
During the unrest in France, e-bikes, including Voi's, have been burned on the streets of Paris. The company tells Breakit that parts of the fleet have been damaged but does not want to give a figure.
Source: Voi Technology AB, interim report for the third quarter of 2026 (22 October 2026), Breakit 22 October 2026 and Di 20 October 2026.
Event
Mentimeter — presents the third quarter on 12 November
CEO Johnny Warström and CFO Georg Rydbeck will present Mentimeter's results for the third quarter in a digital webinar on 12 November at 11:00. The report will be published on 10 November, and Eqvor's customers are welcome to take part. Registration is under Events in Eqvor's app.
Source: Mentimeter, event invitation on Eqvor.
Strategy
Lyvia — proposes selling the Brand & Business Design companies
Lyvia wants to sell the companies in Brand & Business Design, among them Humblestorm, Seventy and Folket, to a company that will be owned by their own management teams. The consideration is SEK 80.3 million in cash and the redemption of the buyer's shares in Lyvia for SEK 19.7 million. According to the board, the deal is a step in the preparations for a listing. An extraordinary general meeting will decide on 29 October.
Source: Lyvia Group AB (publ), notice of extraordinary general meeting, 15 October 2026.
Launch
Instabee — new pick-up points in Helsinki and Bergen
Budbee has opened its first Budbee Store in Finland, in Helsinki with around 330 parcel lockers, and expects parcel volumes in the country to increase by around 40 per cent this year. On 1 November Instabox opens Norway's largest Instabox Store in Bergen. The collaboration with Sellpy is also being extended to Denmark.
Source: Instabee Group, press releases 22–23 October 2026.
Strategy
Blykalla — Norrsundet enters the next phase
The Gävleborg County Administrative Board (Länsstyrelsen) has presented its proposed site plan for the reactor park in Norrsundet: six SEALER reactors totalling 330 MW. It is the first project to reach this point in the new permitting process. Blykalla is also on the Norrsken100 list for the second time.
Source: Blykalla, news on blykalla.com.
Management
Novedo — CEO Per-Johan Dahlgren steps down
After around six years, Per-Johan Dahlgren is leaving the role of CEO and Group CEO. He will remain until a successor is in place, at the latest until 21 April 2027. During his time, Novedo has grown to around 30 companies and annual revenue of more than SEK three billion.
Source: Novedo Holding AB (publ), press release on 22 October 2026.
Survey
Epidemic Sound — young artists more hesitant about AI
In Epidemic Sound's survey of 1,000 artists in the UK and the US, 42 per cent of those aged 18 to 24 believe that AI broadens creative possibilities, compared with 73 per cent of all artists. 89 per cent say that control over music, data and identity determines their success.
Source: Epidemic Sound, press release on 20 October 2026.
Award
CorPower Ocean — receives the Planetary Health Award
Prince Albert II of Monaco presented the 2026 Planetary Health Award for Innovation to CEO Patrik Möller, for CorPower's work on making wave power storm-resistant and competitive. Previous winners include David Attenborough and Jane Goodall.
Source: CorPower Ocean, news on corpowerocean.com.
Launch
Sigicom — launches the AQM10 air quality monitor
Sigicom complements its noise and vibration measurement with the AQM10, a compact monitor for dust particles and air quality that is MCERTS-certified for indicative measurements of PM2.5 and PM10.
Source: Sigicom, news on sigicom.se.
Product
Virtune — aligns the rebalancing of two index ETPs
Virtune Crypto Altcoin Index ETP and Virtune Stablecoin Index ETP will now be rebalanced quarterly in February, May, August and November, the same schedule as Virtune Coinbase 50 Index ETP, starting in November. Investment objectives and fees are not affected.
Source: Virtune, press release on 22 October 2026.
Incident
Stegra — fatal accident at the construction site in Boden
An employee of a contractor died at Stegra's construction site in Boden on 21 October. The incident is being investigated internally and by the authorities.
Source: Stegra, press release on 22 October 2026.
Eqvor
Eqvor launches an entirely new platform
On 22 October Eqvor launched its biggest initiative so far: a faster platform with deeper insight into the companies and two new features, a portfolio that tracks the value of your unlisted holdings and an AI assistant that answers questions about the companies with source references.
Source: Eqvor, press release on 22 October 2026.
Vägen till Exit, episode 22: From banking to the defence industry – revenue of 430 million and sights set on the stock exchange
With Malin Hlawatsch, CEO of Snigel.
Source: Vägen till Exit, episode 22, published on 20 October 2026.
