ABG Sundal Collier (ABG) Q3 2026 earnings summary

Executive summary

• Record Q3 revenue of NOK 594.5m, up 25% YoY, with broad contributions across the Nordic platform.

• Performance was broadly based across business areas, geographies and products; Q4 began with a solid, diversified pipeline.

Financial highlights

• YTD revenue reached NOK 1,734.9m, up 19% YoY; YTD diluted EPS was NOK 0.470, up 16%.

• Q3 operating profit was NOK 106.3m vs NOK 98.7m, profit before tax NOK 120.3m vs NOK 100.8m, and net profit NOK 89.5m vs NOK 72.9m.

• YTD operating profit was NOK 320.6m vs NOK 291.4m; profit before tax NOK 357.5m vs NOK 302.3m; net profit NOK 264.0m vs NOK 222.1m.

• YTD operating costs were NOK 1.4bn; Q3 costs included ~NOK 20m in private banking platform write-offs.

• YTD operating cash flow was NOK 231.0m vs NOK 388.4m; closing cash and cash equivalents were NOK 649.9m.

Outlook and guidance

• Q4 pipeline was solid and diversified across products and geographies, supported by high client activity; focus remained on converting opportunities and client service.

• After the Nordnet private banking JV launches in 2027, consolidated costs are expected to fall by the current ~NOK 50m annual underlying run rate; more than 50% of JV net profit is expected to be equity-accounted.