United Bankers Oyj Class A · OMXHEX:UNITED
United Bankers Oyj Class A — H1 2026 Earnings Presentation
24 slides from United Bankers Oyj Class A's earnings presentation, Aug 20, 2026
Slide 1: Accelerating growth with two acquisitions – pushing AUM to record levels
Accelerating growth with two acquisitions – pushing AUM to record levels United Bankers Plc Half-Year Financial Report January–June 2026 John Ojanperä, CEO 20 August 2026
Slide 2: Contents
Contents 1. Most significant events in early 2026 2. Second strongest half-year period in terms of revenue 3. Assets under management approaching EUR 6 billion 4. Asset and wealth management business on a solid foundation 5. Outlook and guidance for 2026 2
Slide 3: Most significant events in H1
Most significant events in H1 ▪ Company's second strongest half-year period ever in terms of revenue ▪ AUM continued to grow and reached EUR 5.8 billion ▪ Acquisitions of Fourton and Fondita Fund Management Company accelerated inorganic growth, a key part of the Group’s growth strategy ▪ Fund select
Slide 4: Key financial figures
Key financial figures AUM Revenue €5.8 bn €30.4 m +12.5% +4.4% Adjusted operating profit Earnings per share €8.1 m €0.54 -8.4% -14.1% 4
Slide 5: We go into the second half of the year with confidence
We go into the second half of the year with confidence. Our focus is on the successful integration of acquisitions and the determined execution of our growth strategy. 5
Slide 6: Operating environment
Operating environment ▪ Year 2026 started with a positive growth outlook, but the conflict in the Middle East increased uncertainty ▪ Halt of traffic in the Strait of Hormuz raised concerns about energy shock and inflationary pressures ▪ Interest rate expectations turned from declines to interest ra
Slide 7: Second strongest half-year period in terms of revenue
Second strongest half-year period in terms of revenue ▪ In H1, the company focused on driving growth in its asset and Revenue €30.4 m wealth management business ▪ Revenue rose to the second highest level in the company's history ▪ Result fell short of the comparison period, as growth strategy implem
Slide 8: Asset and wealth management fees continued to rise
Asset and wealth management fees continued to rise ▪ Total fee income of the asset and wealth management business increased by almost 10 per cent ▪ Fund management fees increased and performance fees remained almost at the comparison period's level ▪ Most significant part of the performance fees was
Slide 9: Long-term profitability at a strong level
Long-term profitability at a strong level 9
Slide 10: AUM at a record high
AUM at a record high ▪ AUM have grown steadily over the past five years ▪ Strong performance in H1 is particularly due to the acquisitions carried out during the review period, and the new fund launches ▪ Assets under management are about EUR 1 billion higher than a year ago and about EUR 650 millio
Slide 11: AUM breakdown
AUM breakdown Relative share of assets generating recurring fees in total assets under management increased to 75% (73%) ▪ Funds accounted for EUR 3.6 billion (EUR 3.0 bn) ▪ Assets under discretionary asset management rose to EUR 1.1 billion (EUR 1.0 bn) 11
Slide 12: Asset class breakdown
Asset class breakdown Distribution of real assets as at 30 June 2026 12
Slide 13: Strong growth in asset and wealth management sales
Strong growth in asset and wealth management sales ▪ Total sales of asset and wealth management products and services increased by more than 20 per cent year-on-year to EUR 355 million ▪ In H1, the funds' net subscriptions reached close to last year's level, EUR 30 million, but remained lower than t
Slide 14: Significant events in asset and wealth management
Significant events in asset and wealth management ▪ Acquisitions of Fourton and Fondita Fund Management Company completed during the spring are an indication of United Bankers' determined efforts to strengthen the growth of its asset and wealth management business ▪ In addition, growth was supported
Slide 15: Capital market activity was low
Capital market activity was low ▪ United Bankers’ capital markets services order volumes remained limited ▪ Net fee income was EUR 0.5 million ▪ In H1, UB Corporate Finance acted as a financial advisor in Herantis Pharma's directed share issue, one transaction with an unlisted company and several da
Slide 16: Responsibility as part of business operations and investment processes
Responsibility as part of business operations and investment processes ▪ Responsibility supports United Bankers' value creation and growth strategy ▪ In H1, the focus was on sustainability integration, investment processes and reporting ▪ Sustainability reporting was developed on the basis of the VS
Slide 17: Outlook for 2026
Outlook for 2026 MARKET ENVIRONMENT BUSINESS OUTLOOK ▪ Market outlook for the rest of the year is cautiously positive ▪ Sales and portfolio management synergies generated by the despite geopolitical risks acquisitions of Fourton and Fondita are expected to be reflected in the profit development alre
Slide 18: Guidance and dividend
GUIDANCE AND DIVIDEND The company reiterates its guidance for 2026 published on 12 February 2026 and estimates its adjusted operating profit to be close or grow compared to 2025 ■ The second instalment of EUR 0.58 of the dividend for the financial year 2025 will be paid on 2 October 2026 ■ United Ba
Slide 19: United Bankers’ total share return
United Bankers’ total share return
Slide 20: Contact details
CEO John Ojanperä john.ojanpera@unitedbankers.fi tel. +358 40 842 3472 Chief Communications Officer Inka Noramaa inka.noramaa@unitedbankers.fi tel. +358 40 576 4202 Director of Investor Relations Marjo Åström marjo.astrom@unitedbankers.fi tel. +358 40 507 6546 Investor Relations ir@unitedbankers.fi
Slide 21: Appendices
Appendices 21
Slide 22: Key figures
Key figures * The percentage change has been calculated using the actual figures, the figures shown in the table have been rounded. ** The number of personnel stated has been converted to full-time equivalent. 22
Slide 23: Key income statement figures
Key income statement figures 23
Slide 24: United Bankers’ investment funds
United Bankers’ investment funds 24