Axactor ASA (0QIG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to Axactor ASA Presentation of First Quarter twenty twenty six Results Call. Please note that this call is being recorded. After the prepared remarks, there will be a question and answer session. I'd now like to hand the call over to Johnny Cholas, CEO of Asset Port. Please go ahead, sir. Good morning, and welcome to Axactor's first quarter presentation. With me today, I have our CFO, Neenal Mortensen. This presentation will be divided into four parts. First, I will take you through the highlights. Then Nina will present the financial update before I will go through the updated financial targets. We will round off with a Q and A session. Let us move to Slide three and recap the most important event that actually happened after Q1 this time, the private placement we announced on April 28. As you now know, approximately four weeks ago, we announced the transformational transaction where Fortress came in as a major shareholder in Axactor with an ownership stake of approximately 30%. The transaction consisted of three main elements. The first part was a €200,000,000 private placement that was subscribed at the price of NOK $4.70. We also announced that we would do a subsequent offering, and this has now been launched. More about this in a few minutes. Secondly, we have established a co investment partnership with Fortress, which will ensure strong investment capacity going forward. This will also be a driver for capital light revenue growth. And thirdly, as part of the transaction, the company will divest a seed portfolio that will generate approximately EUR 100,000,000 in proceeds with closing in Q2. Please note that KPMG has issued a fairness opinion to the Board of Directors of Axactor ASA stating that the transaction price is financially fair. In a...