ABGSC – Q1 2026 Interim Report

15 Apr 2026 08:11 CEST

Highlights:
• Revenues of NOK 414m (NOK 407m)
• Diluted EPS of NOK 0.08 (NOK 0.09)


CEO comment: Resilient performance in volatile markets

The first quarter was characterised by elevated market volatility and
geopolitical uncertainty, leading to reduced transaction activity across our
core markets and longer execution timelines. Against this backdrop, revenues
were in line with last year, driven by robust secondary trading activity and a
solid performance from DCM. While the pipeline remains intact, conversion is
expected to depend on market conditions.

Execution remained constrained during the quarter, in line with historical
patterns seen in periods of elevated market volatility. Investor caution,
particularly regarding geopolitical developments, weighed on ECM and DCM
activity. Nevertheless, we completed one IPO in Norway and several DCM
transactions. M&A performance remained stable despite it being a seasonally
quieter quarter.

The Brokerage and Research segment performed robustly, driven by high secondary
trading activity. This emphasises the resilience of our diversified model in
periods of lower primary market activity.

Costs were elevated due to the acquisition of FIH Partners in Denmark and other
one-off items in the quarter. Although the integration phase of FIH Partners has
brought some temporary inefficiencies, including overlapping infrastructure and
certain non-recurring items, integration is progressing in line with plan. These
costs do not reflect the underlying run-rate. This acquisition is a deliberate
step to strengthen our Danish franchise and expand our regional presence, and we
expect it to contribute positively over time.

We expect transaction activity to recover when market stability improves. Thanks
to our expanded platform and continued strategic focus, we are well positioned
to benefit from normalised market conditions.

For further information:
Jonas Ström, CEO +46 8 566 294 68
Geir B. Olsen, CFO +47 22 01 60 35


Please find attached the Q1 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 15 April 2026.

More information:
Access the news on Oslo Bors NewsWeb site

670637_ABGSC 2026 Q1 report.pdf