Brock Milton Capital (BMC) Q3 2026 earnings summary

Executive summary

• Managed assets reached SEK 21.7bn at Q3-end, up 7.4% YoY; Q3 operating income rose while operating profit and EPS declined.

• Net profit was SEK 7.5m, down SEK 0.6m YoY, mainly reflecting growth-related costs and organizational strengthening.

Financial highlights

• Q3 commission income was SEK 39.9m vs SEK 39.7m YoY; operating income was SEK 20.3m vs SEK 19.3m.

• Q3 operating profit was SEK 9.5m vs SEK 10.3m; adjusted operating profit was also SEK 9.5m vs SEK 10.3m.

• Q3 net profit was SEK 7.45m vs SEK 8.12m; EPS was SEK 1.85 vs SEK 2.02.

• 9M commission income was SEK 114.1m vs SEK 115.6m; operating income was SEK 57.7m vs SEK 56.8m, and net profit was SEK 19.0m vs SEK 19.3m.

• Q3 commission costs declined 4.0% YoY; lower distribution costs helped offset higher growth and organizational expenses.

Outlook and guidance

• Long-term targets: net fund inflows of at least SEK 2.5bn annually and average fund returns of 15% per year over a market cycle.

• Dividend policy targets 80–90% of annual earnings, subject to financial position over a market cycle.