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ABGSC Q4 2025 interim report | A strong quarter reflecting the overall performance of the year
Company news
Financials
- Q4 revenues of NOK 720m (+15%)
- Q4 diluted EPS of NOK 0.26 (+24%)
- FY revenues of NOK 2,172m (+12%)
- FY diluted EPS of NOK 0.66 (+18%)
- Proposed dividend of NOK 0.55 per share
CEO comments | Well-positioned for navigating in troubled waters
Recent headlines have been dominated by heightened geopolitical uncertainty, primarily driven by US policy developments, including international security and newly introduced tariffs. As a result, market volatility has increased, leading to a sell-off in global markets across asset classes.
During the first quarter, the Nordic markets remained relatively resilient, supported by high levels of secondary trading activity and strong investor demand for high-yield credit. This environment led to tight credit spreads and favorable issuance conditions for high-yield bond issuers, resulting in robust revenue contributions from our brokerage and debt capital markets (DCM) segments.
As expected, Q1 marked a seasonally slower period for corporate M&A and equity capital markets ECM) activity, with muted ECM volumes across the Nordic region. Moreover, we are seeing a delay in the recovery of M&A activity, with the number of announced transactions broadly in line with the previous year. Against this backdrop, I am pleased that we successfully closed more than 30 transactions during the quarter and achieved a modest year-over-year increase in top-line revenue.
A key milestone at the start of the second quarter is the progress in Private Banking. We are pleased to have started onboarding the first clients and look forward to launching our offering to a broader audience in the coming weeks and months. We appreciate the strong interest in our services and look forward to welcoming a range of new clients to the firm.
We believe independent, objective advice and insights from external advisors are essential, especially in markets experiencing significant uncertainty due to unprecedented political and policy changes. Our primary focus is on effectively supporting our clients through turbulent periods, ensuring they benefit from our complete independence and the absence of conflicting interests from internal lending or asset management operations. We are committed to providing clear advice, best-in-class execution, and the agility to swiftly adapt to evolving market conditions.
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