Case Group (CASE) Q4 2025 earnings summary

Executive summary

• Achieved record results in 2025, marking the strongest year in company history with significant growth in both managed assets and profitability.

• Strategic acquisitions and organic growth contributed to increased scale and operational leverage.

• For the first time since listing, conditions allow for a proposed dividend to shareholders.

Financial highlights

• Q4 2025: Provisions income up 14% YoY to 53.8 MSEK; provisions net up 27% YoY to 29.2 MSEK; operating profit up 77% YoY to 14.5 MSEK.

• FY 2025: Provisions income up 27% YoY to 212.0 MSEK; provisions net up 43% YoY to 111.3 MSEK; operating profit up 142% YoY to 53.3 MSEK.

• Managed assets increased 10% YoY to 20,463 MSEK.

• Operating margin improved to 50% in Q4 2025 (36% in Q4 2024) and 48% for FY 2025 (28% in FY 2024).

• Net profit for FY 2025 was 42.1 MSEK, up from 17.1 MSEK in FY 2024.

Outlook and guidance

• Well positioned for continued organic and acquisition-driven growth, with a five-year target of 30 BSEK in managed assets.

• Dividend of 0.75 SEK per share proposed, totaling 24.1 MSEK, reflecting a new phase of capital return.