Evli (EVLI) Q2 2026 earnings summary

Executive summary

• Net revenue grew 18% year-over-year to EUR 65.2 million, driven by increased fund management and performance-based fees.

• Operating profit rose 33% to EUR 29.9 million, with a margin of 45.9%.

• Assets under management reached a record EUR 22.6 billion despite a challenging market environment.

• Recognized as Finland's best wealth manager by both private and institutional clients.

• Wealth Management segment showed strong growth, while Advisory and Corporate Clients segment saw a decline.

Financial highlights

• Net revenue for H1 2026 was EUR 65.2 million, up 18% year-over-year; operating profit was EUR 29.9 million, up 33% year-over-year.

• EBIT margin improved to 46% from 41% in H1 2025.

• Recurring revenue ratio reached 134% (vs. 132% in H1 2025).

• Earnings per share (diluted) for H1 2026 was EUR 0.75.

• Return on equity reached 30.7% in Q2 2026, exceeding the long-term target of 25%.

Outlook and guidance

• Market environment remains turbulent and unpredictable due to geopolitical risks and concerns over economic growth.

• Weakening investor confidence and declining market values could negatively impact commission income and investment returns.

• Despite challenges, operating profit is expected to remain clearly positive, supported by a strong market position and broad client base.

• Comparability in H2/2026 will be affected by large performance fees in H2/2025.