Scandinavian Investment Group (SIG) Q3 2025 earnings summary

Executive summary

• Net profit for Q1–Q3 2025 was DKK 7.5 million, with a significant contribution from real estate and negative impact from equities.

• Market volatility, especially in credit bonds and equities, led to a less satisfactory Q3 result of DKK 1.5 million.

Financial highlights

• Net profit after tax for Q1–Q3 2025 was DKK 7.45 million, down from DKK 13.99 million year-over-year.

• Equity at the end of Q3 2025 was DKK 195.27 million, with a balance sheet total of DKK 372.76 million.

• Return on equity for Q1–Q3 2025 was 3.81%, compared to 7.33% in the same period last year.

• October 2025 profit after tax was DKK 0.2 million, bringing YTD profit to DKK 7.7 million.

Outlook and guidance

• Full-year 2025 guidance for return on equity is revised down to 2–4%, corresponding to net profit of DKK 4–8 million.

• Previous guidance was 6–8% return on equity, or DKK 11–15 million net profit.

• Long-term target remains 10–15% average annual return on equity.

• 2026 is expected to see good economic growth, mainly due to continued low interest rates.