Nordic Financials
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Nordic Financials (NOFIN) investor relations material

Nordic Financials Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary28 May, 2026

Executive summary

  • Maintained a debt-free, capital-light, and agile investment model, focusing on a concentrated portfolio of high-quality positions.

  • Two anchor holdings: Gold Road (core, long-term) and Heder Bank (early-stage, strategic investment).

  • Ongoing smaller investments and transactions support pipeline development.

  • Remains cost-conscious and committed to a lean operating model.

Financial highlights

  • Net income from shares and bonds was NOK 309k in Q1 2026, down from NOK 1,122k in Q1 2025.

  • EBITDA for Q1 2026 was NOK -1,895k, compared to NOK -1,166k in Q1 2025.

  • Profit for the period was NOK -1,783k, compared to NOK -2,079k in Q1 2025.

  • Basic and diluted EPS for Q1 2026 was NOK -0.09, unchanged from Q1 2025.

  • Investments in shares increased to NOK 13,388k from NOK 6,725k at year-end 2025; bonds reduced to zero after divestment.

Outlook and guidance

  • Pursuing several new investment opportunities with optimism regarding deal flow and access to capital.

  • Expects the benefits of a lean operating model to materialize through 2026.

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