Hilbert Group AB (publ) (HILB_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining us for Hilbert Group's Q3 2025 earnings call. I am Bernali Biswal, Group CEO, and I am pleased to share what we believe represents a genuine inflection point in our company's development. The title of today's presentation, From Momentum to Movement, reflects a fundamental shift. In Q3, Hilbert made significant strides in its effort to transform from a specialized digital asset manager into an integrated financial services platform. The strategic decisions we made, the partnerships we have secured, and the operational milestones we have achieved position us differently in the market than we were just six months ago. Let me walk you through the specifics. Q3 marks a pivotal shift in our business model. We now operate across three synergistic verticals, asset management, banking infrastructure through our no dark acquisition, and decentralized finance via Synthetica. Each vertical reinforces the others. Our asset management expertise informs our banking services. Our DeFi infrastructure creates distribution channels for investment products. Our relationships across asset management and banking services drive liquidity for tokenized assets. The institutional adoption of digital asset is accelerating, and we are now positioned to capture value at multiple layers of that adoption curve. Our financial performance reflects this expanding footprint. Q3 revenues reached 51.6 million SEK, up 63% year-over-year. For the nine-month period, we generated approximately 143 million Swedish kronor in revenue, representing 102% growth compared to 2024. There were two primary drivers, substantial gain from proprietary trading and our growth in asset management operations. Now we're continuing to invest heavily in platform development in our team in...