Consensus Asset Management (CAM) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 was SEK 16.5 million, up slightly from SEK 16.3 million in Q4 last year; full-year revenue was SEK 64.6 million, down from SEK 68.9 million year-over-year.

• Operating result for Q4 was SEK -3.4 million (Q4 2024: SEK -2.5 million); full-year operating result was SEK -7.8 million (2024: SEK -3.3 million).

• Result per share for Q4 was SEK 0.48 (Q4 2024: SEK 0.13); for the full year, SEK -0.10 (2024: SEK 0.02).

• Assets under management (AUM) increased by SEK 200 million in Q4, reaching SEK 9 billion at year-end.

• Norion Bank made a recommended public cash offer to acquire all shares at SEK 22.50 per share.

Financial highlights

• Provisions net increased by 7% in Q4 but decreased by 2% for the full year.

• Fixed management fees decreased by 3% in Q4 but rose by 3% for the year.

• Brokerage income increased by 5% in Q4 and 9% for the year (adjusted for a large one-off in 2024).

• Income from structured products fell by 22% in Q4 and 41% for the year.

• Fund management fees rose by 136% in Q4 and 156% for the year, mainly due to a change in fund hotel.

Outlook and guidance

• The company is well positioned for 2026 with a clear customer offering, strong brand, and stable organization.

• No dividend is proposed for 2025.