)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
CapMan
CapMan (CAPMAN) investor relations material
CapMan Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
9M revenue rose 19% YoY to €50.7m, including €46.8m fee income and €3.9m net carried interest; AUM reached €7.7bn, up 6% since year-end 2025.
Comparable operating profit fell 10% to €17.2m as fair-value changes declined YoY; fee profit rose 1% to €6.6m.
€550m was raised in 9M; full-year guidance remained unchanged for AUM and fee profit growth.
Financial highlights
9M fee income increased 11% to €46.8m; management fees grew 21%, while service and transaction-linked fees were lower against a strong Q3 2025 comparison.
Net carried interest was €3.9m versus €0.3m in 9M 2025, reflecting successful exits; carried interest is net of linked bonuses.
Investment fair-value changes were €6.8m versus €12.4m in 9M 2025; fair-value return was 3.7%, with own funds positive overall and external fund investments weighing on results.
EBIT excluding fair-value changes rose 55% to €10.4m; reported operating profit was €15.3m versus €17.2m, and comparable operating profit was €17.2m versus €19.1m.
Operating expenses increased 12% to €42.1m, reflecting personnel costs, CAERUS acquisition costs, placement-agent fees and infrastructure debt strategy setup.
Outlook and guidance
2026 outlook unchanged: AUM and fee profit are expected to grow; no numeric estimates were provided given carried-interest and investment-return volatility.
Strategic AUM target is €10bn by end-2027, supported by ongoing and planned fundraisings; the 2026–27 average annual AUM growth objective is 15%.
Nordic Real Estate IV and Nordic Infrastructure III each target €750m at final close in 2027.
European Forest IV targets a 2027 final close above its predecessor’s €298m size; CAERUS VIII targets a €500m final close in 2028, with first close targeted in 2027.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from CapMan
- Record capital intake and fee growth lifted AUM to €7.7bn, supporting future expansion.CAPMAN
Q2 2026 - Record AUM, strong profit growth, and strategic acquisitions drive robust 2025 results.CAPMANAGM 2026 presentation
- Profitable Nordic real asset specialist targets €10bn AUM with strong ESG and financial growth.CAPMANAGM 2025 presentation
- Fee profit up nearly 50% year-over-year, with stable AUM and record financial results in 2025.CAPMANQ1 2026
- Record AUM and fee income in 2025, with strong profit growth and a positive 2026 outlook.CAPMANQ4 2025
- AUM up 20% to €6.0bn, core focus sharpened by CaPS divestment and Dasos Capital acquisition.CAPMANQ3 2024
- AUM up 16% to €5.8bn, fee profit up 50%, and EBIT up 205% on strong fundraising and acquisitions.CAPMANQ2 2024
- AUM up 6% to EUR 6.4bn, fee profit up 46%, outlook for further growth remains positive.CAPMANQ1 2025
- Record AUM, strong profit growth, and €0.14/share dividend mark a transformative year.CAPMANQ4 2024
Next CapMan earnings date
Q4 202611 Feb, 2027
CapMan
Next CapMan earnings date
Q4 202611 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
CapMan Oyj is a leading Nordic private asset firm with an active approach to value creation, through the management of Finnish listed and unlisted companies as well as the ownership structure of its funds. Founded in Finland in 1989, the Group has continuously expanded operations from the Nordic region to Europe, the United States and Asia. CapMan's success is based on identifying growth opportunities and adding values for its investors, shareholders, partners and clients through leading positions, industry-specific and emerging market expertise, power in deal execution and top talent. CapMan's philosophy has been coined as "Active Ownership"™ by its founder and CEO Juha Varelius.