Eq Oyj · OMXHEX:EQV1V
Eq Oyj — H1 2025 Earnings Presentation
22 slides from Eq Oyj's earnings presentation, Aug 5, 2025
Slide 1: eQ Plc – Half year result 2025
eQ Plc – Half year result 2025 Result presentation 5 August 2025 1
Slide 2: Key figures and highlights of the period
Key figures and highlights of the period Net revenue 1-6/2025 Operating profit 1-6/2025 Earnings per share 1-6/2025 28.3 MEUR 11.8 MEUR 0.22 EUR -17 % (34.2 MEUR) -35 % (18.1 MEUR) -36 % (0.35 EUR) Cost/income-ratio 58.3 % Net revenue 4-6/2025 Operating profit 4-6/2025 Earnings per share 4-6/2025 (4
Slide 3: eQ Group – Rolling 12 months
eQ Group – Rolling 12 months Net revenue development, Operating profit development, rolling 12 months, MEUR rolling 12 months, MEUR 59.8 28.3 100,0 60,0 45.7 90,0 50,0 80,0 70,0 40,0 60,0 50,0 30,0 40,0 20,0 30,0 20,0 10,0 10,0 0,0 0,0 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/1
Slide 4: eQ Group – Balance sheet
eQ Group – Balance sheet Liquid assets ASSETS (MEUR) LIABILITIES AND EQUITY (MEUR) 6/2025 12/2024 6/2025 12/2024 14.3 MEUR Liquid assets 0.0 0.1 Other liabilities 20.3 6.8 Claims on credit institutions 10.2 7.9 Accruals and deferred income 6.5 10.9 Private equity and real Lease liabilities 3.4 4.0 e
Slide 5: Asset Management
Asset Management 5 August 2025 eQ Plc half year result 2025 – Result presentation 5
Slide 6: Asset Management – Income statement
Asset Management – Income statement MEUR 1-6/2025 1-6/2024 Change 4-6/2025 4-6/2024 Change 1-12/2024 NET REVENUE 28.6 30.3 -5 % 14.2 15.1 -6 % 58.5 Personnel expenses -10.3 -10.4 -1 % -5.1 -5.2 -2 % -19.9 Other administrative -1.2 -1.0 15 % -0.6 -0.6 8% -2.2 expenses Depreciation -0.4 -0.5 -5 % -0.2
Slide 7: Asset Management – Fee income
Asset Management – Fee income Asset management fee income change -1.7 MEUR / -5 % Equity and Fixed Income Real Estate Private Equity -0.3 MEUR / -6 % -1.3 MEUR / -10 % -0.0 MEUR / 0 % 5 August 2025 eQ Plc half year result 2025 – Result presentation 7
Slide 8: Asset Management – Fee income
Asset Management – Fee income MEUR 1-6/2025 1-6/2024 Change 4-6/2025 4-6/2024 Change 1-12/2024 Management fees Equity and Fixed Income 4.4 4.7 -6 % 2.1 2.4 -12 % 9.4 Real Estate 12.6 14.0 -10 % 6.2 6.7 -8 % 27.3 Private Equity 9.7 9.2 5% 5.0 4.8 3% 18.9 Management fees total 26.7 27.9 -4 % 13.3 13.9
Slide 9: Asset Management – Rolling 12 months
10 20 30 40 60 70 80 50 0 Q4/14 Q1/15 Q2/15 5 August 2025 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 rolling 12 months, MEUR Q2/19 Q3/19 Net revenue development, Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 eQ Plc half year result 2025 – Result presentation Q1/21 Q2/2
Slide 10: Assets under management
Assets under management Assets under management development, bn. EUR Assets under management split 6/2025 12 1-6/2025 change -373 MEUR / -4 % Private Equity and Fixed Equity and Fixed Income funds Private Equity programme funds Equity: Income: 40 % 10 1,0 41 % 0,9 1,0 0,9 2,2 Equity and Fixed Income
Slide 11: Equity and Fixed Income funds
Equity and Fixed Income funds Gross Return 30/06/2025 Since beginning of the year 3 years p.a. 5 years p.a. Morning- Fund Aum Funds Return Comp. Diff. Return Comp. Diff. Return Comp. Diff. star Fixed Income Funds total eQ Euro Short Term 1,31 % 3,02 % 1,68 % eQ Floating Rate eQ Euro Government Bond
Slide 12: 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 13: Private Equity funds
Private Equity funds AUM total EUR 3.2 bn 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 400
Slide 14: Corporate Finance
Corporate Finance 5 August 2025 eQ Plc half year result 2025 – Result presentation 14
Slide 15: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity markets Real estate transactions 5 August 2025 eQ Plc half year result 2025 – Result presentation 15
Slide 16: Corporate Finance – Key figures
Corporate Finance – Key figures MEUR 1-6/2025 1-6/2024 Change 4-6/2025 4-6/2024 Change 1-12/2024 NET REVENUE 0.8 2.9 -72 % 0.8 2.1 -64 % 5.3 Personnel expenses -1.4 -1.6 -15 % -0.7 -1.1 -37 % -3.1 Other administrative expenses -0.2 -0.2 -5 % -0.1 -0.1 -31 % -0.4 Depreciation -0.1 -0.1 -2 % -0.0 -0.0
Slide 17: Investments
Investments 5 August 2025 eQ Plc half year result 2025 – Result presentation 17
Slide 18: Investments – Key figures
Investments – Key figures MEUR 1-6/2025 1-6/2024 4-6/2025 4-6/2024 1-12/2024 • During the period under review eQ Returned capital (excl. profit) 0.7 0.4 0.5 0.2 1.2 Plc made a EUR 1.0 million Distribution of profits 0.4 0.3 0.2 0.3 1.3 investment commitment to the eQ Capital calls -1.8 -0.8 -0.6 -0.
Slide 19: eQ’s Share and Outlook
eQ’s Share and Outlook 5 August 2025 eQ Plc half year result 2025 – Result presentation 19
Slide 20: Shareholders 30 June 2025
Shareholders 30 June 2025 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 7 744 445 18.70 9 000 2 Rettig Oy Ab 6 024 866 14.55 3 Chilla Capital S.A. 5 915 904 14.29 8 500 8 376 8 277 4 Teamet Oy 4 250 000 10.26 8 073 8 043 5 Oy Cevante Ab 1 419 063 3.43 8 000 7 883 6 Fazer
Slide 21: Outlook
Outlook General economic uncertainty and tariff disputes delayed also the recovery of the real estate market. In Finland. the real estate transaction market grew clearly during the second quarter of the year compared to previous quarters. Despite the increase in activity. market liquidity is still a
Slide 22: eQ Plc Q3 2025 interim report will be published on Tuesday 21 October
eQ Plc Q3 2025 interim report will be published on st Tuesday 21 of October 2025 5 August 2025 eQ Plc half year result 2025 – Result presentation 22