EQT AB (publ) (EQT) Q2 2026 Earnings Call

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WEBVTT 00:00:01.002 -- 00:00:06.167 E-Q-T's half-year report 2026. It's been a busy and successful 00:00:06.167 -- 00:00:10.831 first half for us. All in, fee-paying AUM at E-Q-T grew 10%. 00:00:10.831 -- 00:00:15.856 We delivered total revenue growth of 5% and 4% of EBITDA growth versus 00:00:15.856 -- 00:00:22.342 last year. With significant fundraising activities underway, driving growth into 2027. 00:00:22.342 -- 00:00:26.804 Before handing over to Per to kick things off, let me ask that we limit questions to 00:00:26.804 -- 00:00:32.287 two questions in today's Q&A to make sure everyone has sufficient time to 00:00:32.287 -- 00:00:38.569 answer questions. So with that, let's hand it over to you, Per, to kick things off. 00:00:39.110 -- 00:00:41.831 Thank you, Onuf, and good morning, everyone. 00:00:41.831 -- 00:00:46.693 In a challenging and uncertain environment during the first half, we delivered strong 00:00:46.693 -- 00:00:51.418 performance and made significant progress across the board. 00:00:51.418 -- 00:00:57.602 We took advantage of a volatile market environment to unlock attractive investments. 00:00:57.602 -- 00:01:02.745 We were able to leverage our differentiated sourcing capabilities to really 00:01:02.745 -- 00:01:06.108 create very attractive deal flow for investors. 00:01:06.108 -- 00:01:07.909 We substantially 00:01:07.909 -- 00:01:11.611 increased our investment pace compared to last year. 00:01:11.611 -- 00:01:16.835 And in total, we put 19 billion euros of capital to work and generated 9 00:01:16.835 -- 00:01:19.555 billion euros of co-investments. 00:01:19.555 -- 00:01:24.576 At the same time, we stayed disciplined on exits, building really on 00:01:24.576 -- 00:01:30.017 the record year of exits that we had in 2025, when we achieved 40 bil...