Slide 1: eQ Plc – Result Q3 2025
eQ Plc – Result Q3 2025 Result presentation 21st of October 2025 1
Slide 2: Key figures and highlights of the period
Key figures and highlights of the period Net revenue 1-9/2025 Operating profit 1-9/2025 Earnings per share 1-9/2025 42.9 MEUR 19.4 MEUR 0.37 EUR -16 % (50.9 MEUR) -30 % (27.6 MEUR) -30 % (0.53 EUR) Cost/income-ratio 54.6 % Net revenue 7-9/2025 Operating profit 7-9/2025 Earnings per share 4-6/2025 (4
Slide 3: Change in the Group's operating profit
Change in the Group's operating profit Group's operating profit – total change -8.2 MEUR / -30 % Asset management Corporate Finance Investments Group administration -3.3 MEUR / -12 % -2.8 MEUR / -190 % -1.5 MEUR -0.6 MEUR 21/10/2025 eQ Plc Q3 2025 - Result presentation 3
Slide 4: eQ Group – Rolling 12 months
10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 0.0 100.0 -10.0 Q4/14 21/10/2025 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Asset Management Q4/17 Group Administration Q1/18 Q2/18 Q3/18 Q4/18 rolling 12 months, MEUR Q1/19 Q2/19 eQ Plc Q3 2025 - Result presentation Q3/19 Net reven
Slide 5: eQ Group – Balance sheet
eQ Group – Balance sheet Liquid assets ASSETS (MEUR) LIABILITIES AND EQUITY (MEUR) 9/2025 12/2024 9/2025 12/2024 22.0 MEUR Liquid assets 0.0 0.1 Other liabilities 20.7 6.8 Claims on credit institutions 17.9 7.9 Accruals and deferred income 7.6 10.9 Private equity and real Lease liabilities 3.1 4.0 e
Slide 6: Asset Management
Asset Management 21/10/2025 eQ Plc Q3 2025 - Result presentation 6
Slide 7: Asset Management – Income statement
Asset Management – Income statement MEUR 1-9/2025 1-9/2024 Change 7-9/2025 7-9/2024 Change 1-12/2024 NET REVENUE 42.7 45.5 -6 % 14.1 15,2 -7 % 58.5 Personnel expenses -14.8 -15.1 -2 % -4.4 -4.6 -4 % -19.9 Other administrative -1.8 -1.5 19 % -0.6 -0.5 27 % -2.2 expenses Depreciation -0.7 -0.7 -3 % -0
Slide 8: Asset Management – Fee income change
Asset Management – Fee income change Asset Management fee income – total change -2.8 MEUR / -6 % Equity and Fixed Income Real Estate Private Equity -0.4 MEUR / -6 % -2.0 MEUR / -10 % -0.4 MEUR / -2 % 21/10/2025 eQ Plc Q3 2025 - Result presentation 8
Slide 9: Asset Management – Fee income
Asset Management – Fee income MEUR 1-9/2025 1-9/2024 Change 7-9/2025 7-9/2024 Change 1-12/2024 Management fees Equity and Fixed Income 6.7 7.1 -6 % 2.2 2.4 -5 % 9.4 Real Estate 18.8 20.8 -10 % 6.2 6.8 -10 % 27.3 Private Equity 14.5 14.1 3% 4.8 4.9 -2 % 18.9 Management fees total 39.9 42.0 -5 % 13.2
Slide 10: Asset Management – Rolling 12 months
10 20 30 40 50 60 70 80 0 Q4/14 Q1/15 21/10/2025 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 rolling 12 months, MEUR Q3/19 eQ Plc Q3 2025 - Result presentation Q4/19 Net revenue development, Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/
Slide 11: Assets under management
Assets under management Assets under management development, bn. EUR Assets under management split 9/2025 12 1-9/2025 change -236 MEUR / -2 % Private Equity and Fixed Equity and Fixed Income funds Private Equity programme funds Equity: Income: 41 % 10 1.0 41 % 0.9 0.9 2.2 Equity and Fixed Income por
Slide 12: Equity and Fixed Income funds
Equity and Fixed Income funds Gross Return 30/09/2025 Since beginning of the year 3 years p.a. 5 years p.a. Morning- Fund Aum total Funds Return Comp. Diff. Return Comp. Diff. Return Comp. Diff. star Fixed Income Funds eQ Euro Short Term 1,83 % 3,19 % 1,78 % EUR 2.2 bn eQ Floating Rate 2,40 % 1,86 %
Slide 13: Real Estate funds
Real Estate funds eQ Community Properties eQ Commercial Properties eQ Residental III • Invests in modern care properties and social • Invests in commercial real estate • Closed-end fund only for professional investors – infrastructure properties invests in residential properties • Avg. lease maturit
Slide 14: Private Equity funds
Private Equity funds AUM total 3.2 bn, EUR Fundraising, MEUR Vintage Fund Size Stage 500 Fund of funds – Northern Europe 2024 eQ PE XVI North 227 MEUR Investing 2022 eQ PE XIV North 288 MEUR Fully invested 450 2020 eQ PE XII North 205 MEUR Fully invested 2018 eQ PE X North 175 MEUR Fully invested 40
Slide 15: Corporate Finance
Corporate Finance 21/10/2025 eQ Plc Q3 2025 - Result presentation 15
Slide 16: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity markets Real estate transactions 21/10/2025 eQ Plc Q3 2025 - Result presentation 16
Slide 17: Corporate Finance – Key figures
Corporate Finance – Key figures MEUR 1-9/2025 1-9/2024 Change 7-9/2025 7-9/2024 Change 1-12/2024 NET REVENUE 1.0 4.3 -77 % 0.1 1.3 -89 % 5.3 Personnel expenses -1.8 -2.3 -22 % -0.4 -0.7 -40 % -3.1 Other administrative expenses -0.2 -0.3 -8 % -0.1 -0.1 -16 % -0.4 Depreciation -0.1 -0.1 -2 % -0.0 -0.0
Slide 18: Investments
Investments 21/10/2025 eQ Plc Q3 2025 - Result presentation 18
Slide 19: Investments – Key figures
Investments – Key figures MEUR 1-9/2025 1-9/2024 7-9/2025 7-9/2024 1-12/2024 • During the period under review eQ Returned capital (excl. profit) 0.8 1.0 0.1 0.6 1.2 Plc made a EUR 1.0 million Distribution of profits 0.8 0.7 0.4 0.4 1.3 investment commitment to the eQ Capital calls -2.0 -1.0 -0.3 -0.
Slide 20: eQ's Share and Outlook
eQ’s Share and Outlook 21/10/2025 eQ Plc Q3 2025 - Result presentation 20
Slide 21: Shareholders September 30th 2025
Shareholders September 30th 2025 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 744 445 18.70 2 Rettig Oy Ab 6 024 866 14.55 9 000 3 Chilla Capital S.A. 5 915 904 14.29 4 Teamet Oy 4 250 000 10.26 8 500 8 277 8 376 5 Oy Cevante Ab 1 419 063 3.43 8 073 8 096 8 000 7 883
Slide 22: Outlook
Outlook General economic uncertainty and customs disputes have also delayed the recovery of the real estate market over the past year. However, the real estate transaction market in Finland has grown significantly during the current year compared to the previous year. Despite the increase in activit
Slide 23: eQ Plc 2025 financial statements release will be published 3 February 2026
eQ Plc 2025 financial statements release will be published Tuesday rd 3 of February 2026 21/10/2025 eQ Plc Q3 2025 - Result presentation 23