Consensus Asset Management (CAM) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 was SEK 16.5 million, down from SEK 17.5 million in Q2 2024; operating loss widened to SEK -1.4 million from SEK -0.3 million year-over-year.

• For H1 2025, revenue totaled SEK 33.0 million (down from SEK 36.0 million), with an operating loss of SEK -2.7 million (vs. SEK -0.1 million) and EPS of SEK -0.36 (vs. SEK -0.01).

• Assets under management increased by SEK 300 million during the quarter, reaching SEK 9.3 billion.

• Fund business saw strong growth, with fund income up 167% year-to-date and managed fund assets rising by SEK 100 million to SEK 1.4 billion.

Financial highlights

• Operating income for Q2 2025: SEK 16.5 million (Q2 2024: SEK 17.5 million); H1 2025: SEK 33.0 million (H1 2024: SEK 36.0 million).

• Operating result for Q2 2025: SEK -1.4 million (Q2 2024: SEK -0.3 million); H1 2025: SEK -2.7 million (H1 2024: SEK -0.1 million).

• Net result after tax for H1 2025: SEK -2.7 million (H1 2024: SEK -0.1 million).

• EPS for Q2 2025: SEK -0.18 (Q2 2024: SEK -0.04); H1 2025: SEK -0.36 (H1 2024: SEK -0.01).

• Equity at period end: SEK 45.3 million (June 2024: SEK 47.8 million).

Outlook and guidance

• Management remains optimistic for the autumn, preparing a new brand and communications concept and continuing to develop the client offering.

• Focus remains on increasing stable income streams and expanding to new customer groups.