eQ (EQV1V) Q2 2026 earnings summary

Executive summary

• Net revenue for H1 2026 was €29.6M, up 5% year-over-year; Q2 net revenue was €15.4M, up 8% year-over-year.

• Operating profit for H1 2026 was €11.6M, down 1% year-over-year; Q2 operating profit was €6.0M, flat year-over-year.

• Earnings per share remained stable at €0.22 for H1 and €0.11 for Q2.

• Strategy 2030 was published, targeting doubled operating profit and international expansion.

• Management team composition was renewed and investments made in personnel and digital platforms.

Financial highlights

• Assets under management (AUM) reached €14.3B, up 6% from June 2025.

• Nearly €300M raised for Private Equity and Venture Capital funds; €200M returned to investors in H1.

• Cash flow from PE fund performance fees totaled €6M.

• Real estate funds completed €915M in refinancing on improved terms.

• Cost/income ratio increased to 60.7% from 58.3% year-over-year.

Outlook and guidance

• Real estate transaction market in Finland is more active, but yield requirements remain high.

• Management fees for real estate funds expected to decrease in 2026; Private Equity fees expected to increase.

• Equity and fixed income fee trends will depend on market developments.