Equita Group (EQUI) Q3 2026 earnings summary

Executive summary

• 9M'26 Net Revenues rose 8% YoY to €89.5m and adjusted net profit rose 8% to €20.2m; both reached their best nine-month levels since IPO.

• Client-related revenue increased 22% to a record €85.4m, led by Global Markets; average ROTE was 35% and IFR ratio 3.9x.

Financial highlights

• Consolidated profit before tax rose 5% YoY to €27.3m; net profit increased 4% to €19.4m.

• Adjusted net profit, excluding one-offs, reached €20.2m, up 8% YoY, with a 23% net margin, flat YoY.

• 3Q'26 Net Revenues were €29.2m, up 2% YoY; adjusted net profit was €6.6m, up 3% YoY.

Outlook and guidance

• Management expects substantial FY'26 YoY growth in Global Markets, mainly from client business; trading volumes are expected to normalize in the final months from elevated prior-quarter levels.

• Investment Banking mandates could make 4Q'26 its strongest quarter of the year; Alternative Asset Management expects YoY fee growth, supported by new commitments and a fund launch.

• Xenon Private Equity is expected to close by 30 November 2026 and contribute from consolidation; 2027-2029 strategic-plan targets are due in December 2026.