Business update 30 September 2025

Results

Quest for Growth closed the first nine months of the financial year with a net profit of € 724,697. The return on equity was +0.5%. Quest for Growth's share price rose slightly by 3.6% over the first nine months of the year to a closing price of € 4.12 on 30 September 2025. The discount of the share price relative to the net asset value fell to 42.9% at the end of September, compared to 44.5% at the end of 2024.

Market Environment

The European stock market index STOXX Europe 600 Net Return rose by approximately 12.5% and the STOXX Europe 200 Small Net Return by almost 11% during the first nine months of 2025. The correction that the stock markets underwent in April as a result of the escalating global trade war initiated by the United States has now been completely erased. The best-performing sectors were banks and insurers, utilities and, in first place, the defence sector. Of the ten best-performing European companies, seven were active in or suppliers to the arms industry.