Nordic Compound Invest A/S has increased its shareholding in Catena Media plc, doubling its voting rights in the Malta-headquartered affiliate marketing company to just over 10 per cent.

Nordic Compound Invest A/S is a Danish investment company that focuses on concentrated investments in small and mid-cap listed companies, primarily across the Nordic region.

A shareholder notification published by Catena Media shows that the Danish investment company acquired additional shares on 30th June 2026, taking its holding from 5.0273 per cent to 10.0132 per cent, equivalent to 7,887,756 voting rights. The transaction crossed the 10 per cent disclosure threshold under applicable capital markets rules.

The notification states that Nordic Compound Invest now holds 10.0132 per cent of the company's voting rights through direct ownership of shares, with no financial instruments attached to the holding and no controlling entity above the investor.

The development comes after Catena Media reported a return to profitability in the first quarter of 2026. The group posted revenue of €12.3 million from continuing operations, up 26 per cent year-on-year, while profit after tax reached €1.3 million, compared with a loss of €0.6 million in the corresponding period of 2025.

Growth was driven primarily by North America, which accounted for 95 per cent of group revenue, and by a 58 per cent increase in new depositing customers. Adjusted EBITDA rose 191 per cent to €2.7 million, with the margin improving to 22 per cent.

Despite continued weakness in its sports segment, the company has identified prediction markets and the upcoming launch of Alberta's regulated online gambling market as key growth opportunities. At the end of the first quarter, Catena Media held €13.7 million in cash and cash equivalents.