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Brock Milton Capital (BMC) investor relations material
Brock Milton Capital Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Provisions income for Q4 2025 was 40.2 MSEK, slightly down from 41.1 MSEK in Q4 2024, while operating income was 20.1 MSEK versus 20.4 MSEK year-over-year.
Operating profit for Q4 2025 increased to 4.2 MSEK from 3.8 MSEK in Q4 2024; adjusted operating profit was 4.2 MSEK, down from 5.2 MSEK.
Full-year 2025 operating profit was 28.7 MSEK, down from 37.2 MSEK in 2024; adjusted operating profit was 31.0 MSEK, down from 39.0 MSEK.
Earnings per share for Q4 2025 was 0.76 SEK (0.74 SEK in Q4 2024); full-year EPS was 5.55 SEK (7.32 SEK in 2024).
Assets under management at year-end 2025 were 20.2 billion SEK, down from 20.6 billion SEK at the end of 2024.
Financial highlights
Provisions income for 2025 increased 6% to 155.8 MSEK (147.6 MSEK in 2024).
Operating margin for Q4 2025 was 10.4% (9.2% in Q4 2024); full-year margin was 18.4% (25.2% in 2024).
Return on equity for 2025 was 59.1% (67.9% in 2024); return on total capital was 38.3% (48.6% in 2024).
Soliditet (equity ratio) at year-end was 47.0% (52.8% in 2024).
Performance fees for 2025 were 0.4 MSEK (0.5 MSEK in 2024).
Outlook and guidance
Long-term financial targets include net inflows to funds of at least 2,500 MSEK per year and an average fund return of 15% per year over a cycle.
Dividend policy aims to distribute 80-90% of annual profit, subject to financial position.
Board proposes a dividend of 4.69 SEK per share for 2025, totaling 18.88 MSEK, pending AGM approval.
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