Slide 1: Stable growth in the first half of the year
Evli Plc Investor presentation 1–6/2026 STABLE GROWTH IN THE FIRST HALF OF THE YEAR J ULY 1 4 , M AUN U LE HT IM Ä KI, CEO 2026 J UHO M IKOLA , CFO
Slide 2: Agenda
2 Agenda 01 EVLI IN BRIEF 02 HIGHLIGHTS OF THE PERIOD 03 FINANCIAL HIGHLIGHTS 04 ASSETS UNDER MANAGEMENT & BUSINESS FLOWS 05 OUTLOOK 06 EVLI AS AN INVESTMENT 07 APPENDICES
Slide 3: 01 Evli in brief
01 EVLI IN BRIEF
Slide 4: Ambition
Ambition Our ambition is to be the leading independent wealth manager in the Nordic region
Slide 5: Evli in brief
EVLI IN BRIEF 5 Evli in brief EVLI GROUP’S NET REVENUE 1–6/2026 EVLI GROUP’S OPERATING PROFIT 1–6/2026 – Evli is a Nordic wealth manager that guides institutions, companies, and individuals in building a prosperous tomorrow. Our business is based on stable 65.2 M€ 29.9 M€ revenue and long-term growt
Slide 6: 02 Highlights of the period
02 HIGHLIGHTS OF THE PERIOD
Slide 7: Stable growth in the first half of the year
HIGHLIGHTS OF THE PERIOD 7 Stable growth in the first half NET REVENUE (M€) of the year 108.7 126.8 17.1 128.5 96.1 GROWTH IN NET REVENUE AND OPERATING 65.2 PROFIT CONTINUED 55.2 109.7 The growth was driven by increased fund management fees and exceptionally high performance-based fees in the early
Slide 8: 03 Financial highlights
O03 FINANCIAL HIGHLIGHTS
Slide 9: Profit & loss summary
FINANCIAL HIGHLIGHTS 9 Profit & loss summary M€ 4-6/2026 4-6/2025 1-6/2026 1-6/2025 1-12/2025 REVENUE NET REVENUE INCREASED Fund fees 20.6 18.9 41.3 38.1 79.5 18 PERCENT YEAR-ON-YEAR Asset Management fees 1.8 1.6 3.5 3.2 6.6 18% Performance fees 0.7 0.4 9.5 0.8 19.1 Brokerage commissions 4.4 3.4 6.3
Slide 10: Revenue development
FINANCIAL HIGHLIGHTS 10 Revenue development REVENUE BRIDGE H1/2026 VS. H1/2025, M€ 134% 46% Recurring Revenue Ratio EBIT (H1/2025 132%) (H1/2025 41%)
Slide 11: Balance sheet snapshot
FINANCIAL HIGHLIGHTS 11 Balance sheet snapshot ASSETS Receivables and others 277 REGULATORY CAPITAL (CET 1) €46.8M Intangible assets 44 Seed & co-investments 34 Liquid assets 30 Cash 164 Requirement €17.5M TOTAL ASSETS 548.6 LIABILITIES AND EQUITY Others 7 EQUITY RATIO 26.4% Issued bonds 130 Equity
Slide 12: 04 Assets under management & business flows
04 ASSETS UNDER MANAGEMENT & BUSINESS FLOWS
Slide 13: AUM reached a new record
AUM & BUSINESS FLOWS AUM reached a new record DIVERSIFIED PORTFOLIO OF PRODUCTS AND SERVICES 12% DEVELOPMENT OF ASSETS UNDER MANAGEMENT (BN. €) 15% 40% 22.6 21.4 18.9 17.5 18.0 16.0 14.1 33% Mutual funds, direct Asset management Alternative funds Associated companies 2020 2021 2022 2023 2024 2025 H1
Slide 14: Alternative AUM continued to grow steadily
AUM & BUSINESS FLOWS Alternative AUM continued to BROAD PORTFOLIO OF ALTERNATIVE ASSETS grow steadily 21% 19% DEVELOPMENT OF ASSETS UNDER MANAGEMENT IN ALTERNATIVE FUNDS (BN. €) 17% 3.4 3.2 2.8 42% 2.7 2.4 Real Estate Private Equity Private Debt Other alternatives 1.6 1.1 19.4% 2020 2021 2022 2023 2
Slide 15: Net sales of funds
AUM & BUSINESS FLOWS 15 Net sales of funds NET SALES BY FUND TYPE (M€) Alternatives 104 QUARTERLY NET FUND SALES Other -8 800 700 700 678 Fixed-income 391 600 Equity -173 500 400 353 300 242 207 NET FUND SALES BY AREA (M€) 200 106 100 Finnish 237 0 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 International 7
Slide 16: 05 Outlook
05 OUTLOOK
Slide 17: Outlook for 2026
OUTLOOK 17 Outlook for 2026 MARKET ENVIRONMENT AND IMPACTS The beginning of the year has been turbulent on the investment markets, and the operating environment is expected to remain uncertain and difficult to predict. The expansion of geopolitical risks and concerns about the sustainability of econ
Slide 18: 06 Evli as an investment
06 EVLI AS AN INVESTMENT
Slide 19: Why invest in Evli
EVLI AS AN INVESTMENT 19 Why invest in Evli CONSISTENT AUM BROAD OFFERING INTERNATIONAL SCALABILITY & GROWTH & CLIENT BASE EXPANSION PREDICTABILITY AUM growth 7.5% (CAGR A broad product and service High growth potential. Growth in assets under 2020-Q2/2026), reaching offering allows Evli to address
Slide 20: Long-term financial targets
EVLI AS AN INVESTMENT 20 Long-term financial targets TARGET METRIC LONG-TERM TARGET Q2/2026 ACTUAL STATUS Significant growth in AUM AUM Growth EUR 22.6 billion ON TRACK to EUR 30 billion EBIT Margin EBIT margin of 30% 46% ON TRACK Return on Equity (ROE) High return on equity (25%) 30.7% ON TRACK Rec
Slide 21: Increasing share price and dividend per share
EVLI AS AN INVESTMENT 21 Increasing share price and dividend per share SHARE PRICE DEVELOPMENT OF EVLI’S SERIES B EARNINGS AND DIVIDENT PER SHARE (€/SHARES) SHARE (€) 2016-Q2/2026 1.63 1.47 1.33 0.55 1.23 1.16 1.18 1.15 1.06 1.08 1.05 0.81 2021 2022 2023 2024 2025 EPS from continuing business Items
Slide 22: Thank you
EVLI THANK YOU
Slide 23: 07 Appendices
EVLI O7 APPENDICES
Slide 24: Consolidated comprehensive income statement
APPENDIX 24 Consolidated comprehensive income statement 1–6/ 1–6/ 1–12/ 1–6/ 1–6/ 1–12/ M€ 2026 2025 2025 M€ 2026 2025 2025 Fee and commission income 68.0 53.9 128.9 Attributable to Net income from securities transactions 1.1 2.4 3.6 Non-controlling interest 2.4 1.1 8.0 Income from equity investment
Slide 25: Quarterly consolidated income statement
APPENDIX 25 Quarterly consolidated income statement 4–6/ 1–3/ 10–12/ 7–9/ 4–6/ M€ 2026 2026 2025 2025 2025 Fee and commission income 31.5 36.6 39.6 35.4 26.9 Net income from securities transactions 1.1 0.0 1.1 0.1 1.2 Income from equity investments 0.0 0.0 0.0 0.0 0.0 Interest income 1.5 1.5 1.6 1.2
Slide 26: Consolidated balance sheet
APPENDIX 26 Consolidated balance sheet M€ 30.6.2026 30.6.2025 31.12.2025 M€ 30.6.2026 30.6.2025 31.12.2025 ASSETS LIABILITIES AND EQUITY Claims on credit institutions 163.8 115.4 152.8 LIABILITIES Claims on the public and public sector entities 10.1 10.1 9.9 Liabilities to credit institutions and ce
Slide 27: Disclaimer
mer 27 Disclaimer Information set above is not intended as investment recommendation. This report is based on sources that Evli Plc considers to be correct and reliable. Evli Plc nor its employees give any guarantee concerning the correctness, accuracy or completeness of any information, views, opin
Slide 28: Evli Plc contact details
Evli Plc | Aleksanterinkatu 19 | P.O. Box 1081 | FI-00101 Helsinki, Finland | Tel. +358 (0)9 476 690 | evli.com