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Newcap (NEWCAP) investor relations material
Newcap Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Acquired 100% of NCI Advisory A/S in December 2025, shifting focus to Nordic credit investments and related asset classes.
Strategic goal to become a leading Nordic asset manager through organic growth and acquisitions.
NCI Advisory A/S platform provides a strong foundation, with a 17-year track record and average annual returns above 10%.
Regulatory approval as an Alternative Investment Fund Manager (FAIF) enables international investor access.
Financial highlights
Revenue (fee and commission income) for 2025: DKK 12.0m, up from DKK 10.8m in 2024.
Net income after tax: DKK 5.0m (2024: DKK 4.4m).
Operating profit before financial items: DKK 6.0m (2024: DKK 5.4m).
Equity at year-end: DKK 25.7m (2024: DKK 5.7m), mainly due to the acquisition and capital increase.
Cash position: DKK 11.9m at year-end.
Outlook and guidance
2026 revenue expected at DKK 11.5–13.5m; pre-tax profit forecast at DKK 2.5–5.0m.
Five-year target: average return on equity of 10–15%.
Dividend payout not expected in the near term; focus on reinvestment for growth.
- Q3 2025 focused on acquisitions, with EBIT guidance unchanged and VAT case pending.NEWCAP
Q3 202520 Nov 2025 - H1 2025 saw a DKK -1.6 million net loss, with outlook revised due to strategic and tax-related costs.NEWCAP
Q2 202527 Aug 2025 - Earn-out dispute resolved and extraordinary dividend paid; strategic options under review.NEWCAP
Q3 202413 Jun 2025 - H1 2024 profit rose to DKK 0.9m, with a DKK 0.12 dividend planned amid earn out dispute.NEWCAP
Q2 202413 Jun 2025 - 2024 profit and cash position secured after earn-out settlement; strategic review ongoing.NEWCAP
Q4 20249 Jun 2025 - Strategic review ongoing; outcome for company direction expected by end of Q3 2025.NEWCAP
Q1 20256 Jun 2025
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