ABGSC - Q4 2025 Interim Report

11 Feb 2026 08:00 CET

Highlights:

· 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 comment: Closing the year from a position of strength

We concluded a strong year with a solid fourth quarter, delivering revenue
growth of 15% in the quarter and 12% for the full year. These results were
achieved amid continued macroeconomic volatility, underscoring both the
resilience of the capital markets and the strength and relevance of our
platform.

M&A was the principal growth driver during both the quarter and the year,
despite overall market volumes not increasing at the same pace. Within Equity
Capital Markets (ECM), conditions improved and the IPO market reopened,
particularly in Sweden. Transaction volumes in Debt Capital Markets (DCM)
remained at all-time-high levels throughout the year and made a significant
contribution to revenues. We are pleased to have maintained our strong position
in the Nordic high-yield segment. Brokerage and Research continued to generate
stable revenues at a high level throughout the year.

ABGSC Denmark delivered all-time-high revenues and will be further strengthened
by the recent acquisition of FIH Partners, further fortifying ABGSC's position
as a leading force in the Danish market. This transaction is fully aligned with
our strategy of improving our position in our core markets and expanding the
breadth of our service offering.

We continue to make progress toward our target operating margin of 25%.
Excluding investments in new business initiatives, we would already be at this
level. We remain confident in these investments, as the new initiatives are
beginning to contribute to revenues and we see great traction with potential
clients. Private Banking continued to attract new clients and surpassed SEK 1bn
in committed capital in the fourth quarter.

Overall, we close the year from a position of strength, supported by a
diversified earnings base across products, sectors, and geographies, improving
profitability, and a clear strategic direction for continued growth.

For further information:

Jonas Ström, CEO                                +46 8 566 294 68

Geir B. Olsen, CFO                               +47 22 01 60 35

Please find attached the Q4 Interim Report. A presentation will be held as a
webcast at 09:00 CEST and can be accessed through a weblink or call-in details
presented on our corporate website www.abgsc.com.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was submitted for publication, through the agency of the
contact persons set out above, at 08:00 CEST on 11 February 2026.

More information:
Access the news on Oslo Bors NewsWeb site

665377_ABGSC_2025_Q4_report.pdf
665377_ABGSC_2025_Q4_Stock_Exchange_Release_11_February.pdf