Evli (EVLI) Q1 2026 earnings summary

Executive summary

• Operating profit grew 41% year-over-year to €16.1m in Q1 2026, driven by higher fund management and performance-based fees, with strong contributions from Wealth Management despite a turbulent market environment.

• Net revenue rose 26% year-over-year to €34.8m, supported by increased fund management and performance-based fees.

• Assets under management (AUM) reached €21.5bn, up from €19.0bn a year earlier, marking a new milestone and reflecting consistent growth.

• Return on equity improved to 33.6% from 28.0% year-over-year.

• The company maintained a strong market position, supported by a broad product offering and diversified client base, despite geopolitical risks.

Financial highlights

• Net revenue for Q1 2026 was €34.8m, up from €27.7m in Q1 2025.

• Operating profit rose to €16.1m from €11.4m in Q1 2025, with an EBIT margin of 46%.

• Earnings per share (diluted) was €0.39 for Q1 2026, compared to €0.27 in Q1 2025.

• Performance-based fees surged to €8.7m from €0.3m in Q1 2025.

• Net commission income increased 34% to €34.1m.

Outlook and guidance

• The operating environment is expected to remain uncertain due to geopolitical risks and concerns about economic growth.

• Despite market turbulence, operating profit is estimated to remain clearly positive, supported by a strong market position, broad product range, and diversified offerings.

• Weakening investor confidence and declining market values could negatively impact commission income and investment returns.