Alpcot (ALPCOT) CMD 2025 summary

Strategic developments and business highlights

• Entered agreement to acquire Gadd & Cie, a Luxembourg-based wealth manager, for SEK 93.7 million, expanding international expertise and distribution in Sweden; transaction expected to close in Q4 2025 pending regulatory approval.

• Added 3 new affiliated firms and 25 individuals as tied agents since the last Capital Market Day, and expanded portfolio management services with 9 new fund portfolios and 3 equity portfolios.

• Enhanced platform functionality, including multiple accounts in Futur Pension and new transfer products, supporting both advisors and end clients.

• Strategic partnership with Tydliga and continued focus on a scalable fintech platform for advisors and clients.

• Alpcot's vision is to offer the market's best platform for advisors to help Swedes achieve financial well-being.

Financial performance and guidance

• Achieved positive EBITDA of SEK 1.8 million in Q1 2025, with total operating income up 44% year-on-year and AUM in portfolio management up 69% over the past year.

• Maintained operating costs at a lower level, about 15% below H1 2024, and further improved liquidity through asset sales.

• Total prioritized capital increased by SEK 500 million since the previous Capital Market Day, with net inflows of SEK 800 million and own fund capital up by SEK 200 million.

• Financial targets for 2027: net operating income of SEK 90–100 million and EBITDA margin of at least 30%, compared to -22% in 2024.

• Assets under management in portfolio management surpassed SEK 3.5 billion as of June 2025.

Product and platform expansion

• Offers a comprehensive suite: fund platform, stock and ETF trading, custody for all holdings, insurance brokerage, advisory (personal and automated), and portfolio management (fund and equity portfolios).

• Developed a proprietary, scalable, and user-friendly platform, highly rated by both advisors and clients, with automated interfaces to external systems.

• Distribution channels include internal advisors, tied agents, external securities firms, direct online clients, and external asset managers.

• Platform supports digital onboarding, advanced advisory tools, and portfolio management for professionals.

• Clients benefit from consolidated financial overviews, transparent fee models, and access to professional management.