Hoist Finance (HOFI) Q3 2026 earnings summary

Executive summary

• Q3 profit before tax rose 44% YoY to SEK 503m; net profit increased 35% to SEK 384m and ROE reached 21.2%.

• Portfolio value reached SEK 40.0bn, up 27% YoY; collections were 103% of forecast, totaling nearly SEK 3bn in the seasonally slower quarter.

• Q3 was a steady execution quarter after Q2’s high investment volumes; scaling benefits supported year-on-year profit growth.

Financial highlights

• Profit before tax was SEK 503m versus SEK 349m YoY; adjusted for SEK 10m of one-offs, PBT was SEK 513m, up 47%.

• Net profit rose to SEK 384m from SEK 284m; Q3 EPS was SEK 4.05 versus SEK 3.00.

• Net interest income was SEK 1,244m versus SEK 937m; total operating income was SEK 1,403m.

• Operating expenses were SEK 895m versus SEK 702m, reflecting Azzurro costs and higher legal expenses; effective tax rate was 23.7%.

• Jan-Sep operating income rose 28% to SEK 4,015m and PBT increased 54% to SEK 1,529m; basic and diluted EPS was SEK 12.76 versus SEK 7.75.

Outlook and guidance

• ROE target raised to at least 20%; EPS target remains 15% average annual growth through 2030, adjusted for AT1 costs.

• New ambition is a SEK 60bn investment portfolio by end-2030; SEK 1bn of additional investments was signed or closed after quarter-end, with a strong pipeline into early 2027.

• Dividend policy changes from full-year 2027 to 30–40% of net profit, set annually based on capital position and profitable growth prospects.

• Management expects increased secondary-market activity during 2027; a Polish zloty deposit platform is planned for early 2027.