Mangold (MANG) Q2 2026 earnings summary

Executive summary

• Net interest income rose 7.6% year-over-year to SEK 8.7m in Q2 2026, while total income fell 19.2% to SEK 50.2m compared to Q2 2025.

• Private Banking's result increased 58.1% to SEK 4.9m, while Investment Banking's result before tax dropped to SEK -4.6m.

• Earnings per share were SEK -23.3 (3.3) for Q2 and SEK -15.3 (1.6) for H1, reflecting a significant decline.

• The company acquired an additional 5.9% of Finserve, raising its stake to 47.4%.

• Legal disputes concluded positively, resulting in compensation and no liabilities for the company.

Financial highlights

• Q2 2026 total income: SEK 50.2m (down from SEK 62.2m in Q2 2025); H1 2026: SEK 97.8m (down from SEK 102.7m in H1 2025).

• Net interest income Q2: SEK 8.7m (8.1m); H1: SEK 17.1m (16.7m).

• Provisions net Q2: SEK 41.7m (55.2m); H1: SEK 81.1m (90.7m).

• Result before tax Q2: SEK -10.9m (4.1m); H1: SEK -7.5m (1.1m).

• Equity per share at June 30: SEK 504.6 (440.9).

Outlook and guidance

• Increased business activity and strong inflow of new mandates in Investment Banking expected to support future quarters.

• Private Banking continues to show stable growth in deposits and recurring revenue assignments.

• Legal processes resolved, freeing resources for growth and strategic focus.