ABGSC - Q2 2026 Interim Report

Highlights:

• Q2 revenues of NOK 727m (NOK 570m)
• Q2 diluted EPS of NOK 0.24 (0.18) 
• H1 revenues of NOK 1,140m (NOK 977m)
• H1 diluted EPS of NOK 0.32 (0.27)

CEO comment: Accelerating momentum, with revenues up 27%

Capital markets continued to be supportive during the second quarter, creating more opportunities across our core businesses. Against this backdrop, we delivered a strong quarter with particular improvement within Corporate Financing. Revenues amounted to NOK 727 million, up 27% year-on-year and representing our second strongest Q2 on record.

Nordic high-yield debt capital markets set new records, with a number of new issuers and broad investor demand. The IPO market continued to reopen, and we have successfully led listings in Denmark, Norway and Sweden during the quarter. In addition, our leading M&A operations continue to deliver strong revenues also in Q2. Our recently expanded Danish operation has had a strong start following the acquisition of FIH Partners, completing numerous transactions and delivering its strongest quarter in Denmark on record.

Brokerage and Research revenues remained at a high level, supported by healthy trading activity. In the latest Extel survey, we ranked number one globally in Trading & Execution among institutional investors and improved to number two overall, reflecting the confidence our clients continue to place in us.

The Private Banking operation is continuing to attract new clients and capital, surpassing SEK 2 billion in committed capital during the quarter, supported amongst other by strong performance in our discretionary portfolios.

Operating expenses increased mainly due to higher performance-related compensation, selective hiring and certain one-off items. Excluding these effects, the underlying cost base remained broadly stable. We continue to actively manage our cost base and have initiated a firm-wide efficiency programme to further strengthen operating leverage. Implementation is well underway, with additional measures expected to be executed over the coming quarters. The programme is expected to deliver its full annualised benefit from 2027.

We enter the second half of the year with a healthy pipeline and close client dialogues. Supported by our leading Nordic franchise, we are well positioned to capture opportunities in dynamic and supportive markets.

As announced today, I have decided to step down as CEO after an extraordinary journey with ABGSC. I am grateful to our employees, partners, clients and shareholders for their trust and commitment, and I am confident that the company is well positioned for continued success. I remain fully committed to supporting a smooth transition.

For further information:

Jonas Ström, CEO                                +46 8 566 294 68

Geir B. Olsen, CFO                               +47 22 01 60 35

Please find attached the Q2 Interim Report. A presentation will be held as a webcast at 09:00 CEST and can be accessed through the weblink or call-in details presented on our corporate website www.abgsc.com.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was submitted for publication, through the agency of the contact persons set out above, at 08:00 CEST on 7 July 2026.