Mountain Alliance AG Releases Half-Year Financial Report 2024

Mountain Alliance AG (ISIN DE000A12UK08) has published its half-year financial statements for 2024. The report shows a net asset value (NAV) per share of €6.67 as of June 30, 2024, up from €6.64 at the end of 2023.

The company reported a revenue of €61,761 for the first half of 2024, slightly down from €63,833 the previous year. However, the earnings after taxes improved to €-506,783 from €-584,659 in the same period last year. The net loss also reduced to €-507,065 compared to €-584,970 previously.

The portfolio value stood at €46.7 million as of June 30, 2024, down from €47.5 million at the end of 2023. After accounting for net financial liabilities of €0.8 million, the NAV was €46.0 million.

Mountain Alliance AG highlighted a successful exit from AlphaPet Ventures GmbH and emphasized promising future exit options within its portfolio. Their largest investment, Lingoda, has shown significant growth, with expected revenue to increase to over €70 million this year.