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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.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.
- Debt-free, equity up to NOK 28.8m, and new investments drive an optimistic outlook.NOFIN
Q4 202527 Feb 2026 - Raised 30 million NOK in equity, completed a reverse split, and improved cash position.NOFIN
Q3 202528 Nov 2025 - Strategic reset, capital raise, and narrowed losses position the group for renewed investment activity.NOFIN
Q2 202529 Aug 2025 - Divestment of solar assets leaves Aega ASA seeking capital and a new strategic focus.NOFIN
Q3 202413 Jun 2025 - Aega ASA shifts to an operator model after strong Q2 results and asset dividend payout.NOFIN
Q2 202413 Jun 2025 - Q1 2025 saw Nordic Financials ASA strengthen capital and position for Nordic market growth.NOFIN
Q1 20256 Jun 2025 - Completed divestment, recapitalization, and strategic shift to Nordic investments in Q4 2024.NOFIN
Q4 20245 Jun 2025
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