Hoist Finance AB (publ) (HOFI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Hoist Finance Q3 Report for 2025. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Harry Vranisch and CFO Magnus Söderlund. Please go ahead. Thank you very much. Good morning everyone and welcome to this Hoist Finance earnings call for the third quarter of 2025. I am Harry Vranjes, CEO of Hoist Finance and next to me I have Magnus Söderlund, our CFO and Karin Tycke, our Chief Investor Relations Officer. So first of all, thank you all for joining. Thank you for your interest in Hoist Finance. We will try to run through this presentation in 30 minutes to leave as much time as possible for any questions that you may have. now uh before we dive into the material um i usually sort of do a small introduction to sort of our core business model uh and i will do the same this quarter uh basically our business model is uh is very simple we acquire portfolios of non-performing loans from banks at significant discount historically uh an average we paid around 10 percent of nominal value Now to reach our financial targets, we then manage these portfolios and we collect roughly 20%. And we do this in a banking suit or more specifically a credit market company suit supervised by the Swedish FSA. And this enables us to have stable and cost-effective funding source in the form of deposits from the public, which we are unique in the industry. Now, in the last years, I've often gotten the question of whether we are sort of in some sort of a transition mode now, waiting for the SDR status. And it is true. We are very much looking forward to the SDR status. And we ha...