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Brock Milton Capital (BMC) investor relations material
Brock Milton Capital Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Assets under management (AUM) increased by 1 billion SEK to 20.2 billion SEK at Q3 2025 end, up from 19.2 billion SEK in Q3 2024.
Provisions income rose 1% year-over-year to 39.7 million SEK, while operating income was 19.3 million SEK.
Operating profit decreased to 10.3 million SEK from 12.2 million SEK year-over-year, with adjusted operating profit at 10.3 million SEK (down from 12.5 million SEK).
Earnings per share were 2.02 SEK, compared to 2.41 SEK in Q3 2024.
Confirmed performance fee for the quarter was 0.1 million SEK; accrued but not confirmed performance fee was 3.6 million SEK.
Financial highlights
AUM at period start: 19,041 million SEK; at period end: 20,208 million SEK.
Provisions income: 39.7 million SEK (Q3 2025), 39.3 million SEK (Q3 2024).
Operating profit: 10.3 million SEK (Q3 2025), 12.2 million SEK (Q3 2024).
Net profit after tax: 8.1 million SEK (Q3 2025), 9.7 million SEK (Q3 2024).
Return on equity: 28.8% (Q3 2025), 29.9% (Q3 2024).
Outlook and guidance
Long-term financial targets: net inflows to funds of at least 2,500 million SEK per year and average fund return of 15% per year over a cycle.
Dividend policy: 80-90% of annual profit, considering financial position over a cycle.
Plans to expand into additional European markets in 2026.
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