Catella (CAT) investor relations material

Executive summary

• Assets under management reached SEK 160 billion, managed by under 500 employees across 12 countries, with nearly 40 years of experience and a strong pan-European presence.

• Two main business areas: Investment Management and Corporate Finance, focused on recurring revenue streams, operational excellence, and long-term value creation.

• ESG principles are integral to strategy and client relationships, supporting sustainable growth.

• Strategic focus for 2026 includes sharpening growth path, resilience, and expanding recurring revenues.

• Disciplined execution and organizational efficiency initiatives supported performance amid a challenging macroeconomic and geopolitical environment.

Financial highlights

• Q1 2026 net revenues were SEK 303 million; EBIT was -SEK 45 million, with an EBIT margin of -15% and an improvement of SEK 26 million year-over-year when adjusted for non-recurring items.

• Net loss for Q1 2026 was SEK 50 million; EPS improved to SEK -0.57 from SEK -2.06 year-over-year.

• Assets under management increased to SEK 160 billion at end-March 2026, mainly due to a reporting change and new acquisitions.

• Recurring net revenues accounted for 67% of total revenues.

• Net financial income/expense improved to SEK -2 million, mainly due to lower exchange rate impacts and reduced interest expenses.

Outlook and guidance

• Gradual recovery in the European real estate market is expected, with increased capital inflows and strong demand for sustainable, inflation-hedged assets.

• Medium-term AUM growth anticipated, driven by new products, mandates, and market recovery.

• Focus on increasing recurring revenues, operational profitability, and selective capital deployment.

• No formal forecasts are published.