Case Group (CASE) investor relations material

Executive summary

• Assets under management (AUM) increased from 18,152 MSEK in Q1 2026 to 19,583 MSEK in Q2 2026, despite a 5% year-over-year decline.

• Provisions income and net fell 4% year-over-year, mainly due to the absence of performance-based fees.

• Operating profit was 10.7 MSEK, down from 12.4 MSEK in Q2 2025, with a margin of 44%.

• First-ever dividend of 0.75 SEK per share (24.1 MSEK total) was distributed.

• Positive net inflows in most fund segments, except for continued outflows in small-cap funds.

Financial highlights

• Provisions income: 48.8 MSEK (down 4% YoY); provisions net: 24.6 MSEK (down 4% YoY).

• Operating profit: 10.7 MSEK (down from 12.4 MSEK YoY); operating margin: 44% (48%).

• Earnings per share: 0.26 SEK (0.30 SEK YoY).

• Costs increased to 13.9 MSEK (up 4% YoY), mainly due to general cost increases and legal fees for a planned fund merger.

• Cash flow from operations: 10.5 MSEK; period cash flow: -20.9 MSEK; cash at period end: 51.4 MSEK.

Outlook and guidance

• Two new funds to be launched with ICA Banken in Q3 2026, targeting a broader customer base.

• Continued ambition to maintain and increase dividends in line with policy.

• No significant events reported after the period; positive inflows continue into Q3.