Net asset value decreased by 22 percent to SEK 27.9 billion, or SEK 101 per share, according to the quarterly report.
"This reflects a continued downgrade of the listed peers of our portfolio companies, driven by the uncertain macroeconomic situation and concerns about AI's impact on many companies," the company writes in the report.
Kinnevik was not part of the financing round for steel manufacturer Stegra.
"Our investment has been written down by 83 percent," Kinnevik states.
Stegra recently announced that it has secured new financing of EUR 1.4 billion from a consortium led by Wallenberg Investments.
