Hilbert Group AB (publ) (HILB_B) Q4 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Hilbert Group Ab Class B.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.798 Good morning and thank you for joining us. 00:00:02.798 -- 00:00:07.489 I am Bernali Biswal, Group CEO of Hilbert Group, and I'm pleased to walk you through 00:00:07.489 -- 00:00:12.802 our Q4 and full year 2025 results. Let me start with the core message up front. 00:00:12.802 -- 00:00:16.872 2025 was the year we transformed our business model. 00:00:16.872 -- 00:00:21.480 2026 is the year that platform begins to scale. 00:00:21.480 -- 00:00:27.110 Over the past year, we reshaped Hilbert into a more institutional, 00:00:27.110 -- 00:00:30.516 more integrated and more scalable business. 00:00:30.516 -- 00:00:35.806 We're now seeing clear evidence that the model is working in performance, in capital 00:00:35.806 -- 00:00:40.815 flows, in investor quality and increasingly in earnings trajectory of the 00:00:40.815 -- 00:00:45.965 business. The best way to understand 2025 is through what we 00:00:45.965 -- 00:00:48.269 call Hilbert 2.0. 00:00:48.269 -- 00:00:53.740 The most important change we made was strengthening the core asset management 00:00:53.740 -- 00:00:58.810 engine through Liberty Road acquisition, and that is now showing up 00:00:58.810 -- 00:01:03.920 in performance, AUM momentum, and institutional validation. 00:01:03.920 -- 00:01:09.090 At the same time, Nordark and Enigma extend the platform 00:01:09.090 -- 00:01:14.119 into strategically complementary areas that can broaden both our 00:01:14.119 -- 00:01:19.148 capabilities and our future revenue base. These were not 00:01:19.148 -- 00:01:21.503 standalone acquisitions. 00:01:21.503 -- 00:01:26.950 2025 was the year we built a more institutional, 00:01:26.950 -- 00:01:30.414 more integrated, and more scalable business. 00:01:30.414 -- 00:01:35.700 Together with Synth...