Slide 1: eQ Plc – Result Q1 2025
eQ Plc – Result Q1 2025 Result presentation 29th of April 2025 1
Slide 2: eQ Group – Key figures
eQ Group – Key figures MEUR 1-3/25 1-3/24 Change 1-12/24 Net revenue 14.0 16.5 -15 % 65.6 Operating profit 5.8 8.8 -34 % 34.5 Profit for the period 4.6 7.0 -35 % 27.4 Earnings per share (EUR) 0.11 0.17 -36 % 0.66 Cost/income-ratio, % 58.3 46.6 25 % 47.4 Liquid assets 26.5 34.9 -24 % 17.0 Investments
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 63.2 31.6 100,0 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) 3/2025 12/2024 3/2025 12/2024 26.5 MEUR Liquid assets 0.1 0.1 Other liabilities 36.7 6.8 Claims on credit institutions 22.4 7.9 Accruals and deferred income 6.6 10.9 Private equity and real Lease liabilities 3.7 4.0 e
Slide 5: Asset Management
Asset Management 29 April 2025 eQ Plc Q1 2025 Result Presentation 5
Slide 6: Asset Management – Income statement
Asset Management – Income statement MEUR 1-3/25 1-3/24 Change 1-12/24 NET REVENUE 14.4 15.1 -5 % 58.5 Personnel expenses -5.2 -5.2 0% -19.9 Other administrative expenses -0.5 -0.5 23 % -2.2 Depreciation -0.2 -0.2 -8 % -0.9 Other operating expenses -0.4 -0.4 37 % -1.8 OPERATING PROFIT 7.9 8.9 -11 % 3
Slide 7: Asset Management – Fee income
Asset Management – Fee income Asset management fee income change -0.8 MEUR / -5 % Equity and Fixed Income Real Estate Private Equity 0.0 MEUR / 0 % -0.8 MEUR / -11 % 0.0 MEUR / 1 % 29 April 2025 eQ Plc Q1 2025 Result Presentation 7
Slide 8: Asset Management – Fee income
Asset Management – Fee income MEUR 1-3/2025 1-3/2024 Change 1-12/2024 Management fees Equity and Fixed Income 2.3 2.3 0% 9.4 Real Estate 6.4 7.2 -11 % 27.3 Private Equity 4.7 4.4 7% 18.9 Management fees total 13.5 14.0 -4 % 55.6 Performance based fees Equity and Fixed Income - 0.0 - 0.0 Real Estate
Slide 9: Asset Management – Rolling 12 months
10 20 30 40 60 70 80 50 0 Q4/14 Q1/15 Q2/15 29 April 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 eQ Plc Q1 2025 Result Presentation Q3/19 Net revenue development, Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1
Slide 10: Assets under management
Assets under management Assets under management development, bn. EUR Assets under management split 3/2025 12 1-3/2025 change -207 MEUR / -2 % Private Equity Private Traditional: Equity and Fixed Income funds programme funds Equity: 38 % 10 43 % 1.0 1.0 1,0 Equity and Fixed Income portfolios 1.0 2.2
Slide 11: Equity and Fixed Income funds
Equity and Fixed Income funds Gross Return 31/03/2025 3 months 3 years p.a. 5 years p.a. Morning- Funds Return Comp. Diff Return Comp. Diff Return Comp. Diff star Fixed Income Funds eQ Euro Short Term 0,72 % 2,80 % 1,63 % Fund Aum eQ Floating Rate 0,88 % 0,73 % 0,15 % 3,49 % 2,52 % 0,97 % 2,79 % 1,3
Slide 12: Real Estate funds
Real Estate funds eQ Community Properties eQ Commercial Properties eQ Residential • 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 maturity 5
Slide 13: Private Equity funds
Private Equity funds AUM total 3.4 bn. EUR Fundraising, MEUR Vintage Fund Size Stage 500 Fund of funds – Northern Europe 2024 eQ PE XVI North 227 MEUR Investing 450 2022 eQ PE XIV North 288 MEUR Fully invested 2020 eQ PE XII North 205 MEUR Fully invested 2018 eQ PE X North 175 MEUR Fully invested 40
Slide 14: Corporate Finance
Corporate Finance 29 April 2025 eQ Plc Q1 2025 Result Presentation 14
Slide 15: Corporate Finance – Latest transactions
Corporate Finance – Latest transactions M&A Transactions and Equity markets Real estate transactions 29 April 2025 eQ Plc Q1 2025 Result Presentation 15
Slide 16: Corporate Finance – Key figures
Corporate Finance – Key figures MEUR 1-3/25 1-3/24 Change 1-12/23 NET REVENUE 0.1 0.8 -91% 5.3 Personnel expenses -0.7 -0.5 29 % -3.1 Other administrative expenses -0.1 -0.1 14 % -0.4 Depreciation -0.0 -0.0 -4 % -0.2 Other operating expenses -0.0 -0.0 11 % -0.2 OPERATING PROFIT -0,8 0.1 -1259% 1.5 C
Slide 17: Investments
Investments 29 April 2025 eQ Plc Q1 2025 Result Presentation 17
Slide 18: Investments – Key figures
Investments – Key figures MEUR 1-3/25 1-3/24 1-12/24 • During the period under Returned capital (excl. profit) 0.2 0.2 1.2 review eQ Plc made a EUR Distribution of profits 0.2 0.0 1.3 1.0 million investment Capital calls -1.2 0.1 -1.6 commitment to the eQ Net cash flow -0.8 0.1 0.8 Residential III f
Slide 19: eQ’s Share, Outlook and Summary
eQ’s Share, Outlook and Summary 29 April 2025 eQ Plc Q1 2025 Result Presentation 19
Slide 20: Share price development and market cap
Share price development and market cap 35,00 100 000 • The closing price of eQ Plc’s share on March 31st 2025 was EUR 10.70 (EUR 90 000 12.95 on 31 Dec. 2024). The market 30,00 capitalization of the company was EUR 80 000 443.1 million (EUR 536.2 million). 25,00 • During the year, 388 235 shares wer
Slide 21: Shareholders March 31st 2025
Shareholders March 31st 2025 Shares % of shares The number of shareholders 1 Fennogens Investments S.A. 8 087 605 19.53 2 Rettig Group Oy Ab 6 331 706 15.29 9 000 3 Chilla Capital S.A. 6 215 904 15.01 8 500 8 376 4 Teamet Oy 4 250 000 10.26 8 277 8 073 5 Oy Cevante Ab 1 419 063 3.43 7 941 8 000 7 88
Slide 22: Outlook (unchanged)
Outlook (unchanged) The difficult market situation in the Finnish real estate market continued in 2024. Our assessment is that the real estate market levelled off towards the end of the year and that yield requirements generally stopped rising in the final quarter of the year. However, market liquid
Slide 23: eQ Plc 2025 half year financial report publication date
eQ Plc 2025 half year financial report will be published on th Tuesday 5 of August 2025 29 April 2025 eQ Plc Q1 2025 Result Presentation 23