Alpcot (ALPCOT) Q1 2025 earnings summary

Executive summary

• Provisions income rose to 27.3 MSEK from 24.4 MSEK year-over-year, with total operating income at 31.0 MSEK versus 8.5 MSEK.

• Net profit reached 13.1 MSEK, a turnaround from -12.2 MSEK in Q1 2024.

• Strong inflow of over 400 MSEK in new capital, with 1,051 new custody account customers added.

• Portfolio management capital increased 69% year-over-year to 3,222 MSEK; own funds up 38% to 1,205 MSEK.

• Cost control measures led to a 17% reduction in personnel and admin costs compared to Q1 2024.

Financial highlights

• Operating income: 31.0 MSEK (8.5 MSEK Q1 2024); net profit: 13.1 MSEK (-12.2 MSEK Q1 2024).

• EPS: 0.08 SEK (-0.08 SEK Q1 2024); equity: 88.7 MSEK (76.6 MSEK Q1 2024); equity per share: 0.55 SEK (0.47 SEK Q1 2024).

• Cash flow for the quarter: 3.3 MSEK (-8.9 MSEK Q1 2024); cash at period end: 14.6 MSEK.

• Operating result excluding depreciation and value changes: 1.8 MSEK (-6.2 MSEK Q1 2024).

• Total result: 12.1 MSEK (-12.3 MSEK Q1 2024), including currency translation differences.

Outlook and guidance

• Management expects continued value creation from increased customer inflows and volume growth, despite market volatility.

• Ongoing focus on building stable, recurring income streams and leveraging advisory services.

• Optimism returning as markets stabilize, with the company well-positioned for 2025.