Mangold (MANG) Q3 2026 earnings summary

Executive summary

• Q3 core operations improved: record quarterly net interest income, higher commission net income YoY and stronger Private Banking earnings; reported pretax profit fell as prior-year results included the Resscapital disposal gain.

• Q3 total income was SEK 48.4m, nearly unchanged YoY; YTD total income was SEK 146.2m versus SEK 151.0m, and YTD net loss was SEK 1.1m.

Financial highlights

• Q3 net interest income rose 17.6% YoY to SEK 9.8m; commission net income increased to SEK 43.7m from SEK 41.1m.

• Q3 operating costs increased to SEK 45.5m from SEK 41.6m; pretax profit was SEK 6.5m versus SEK 24.9m, largely reflecting the prior-year SEK 19.2m Resscapital disposal gain.

• Q3 net income was SEK 6.2m versus SEK 23.9m; EPS was SEK 12.9 versus SEK 50.7.

• 9M total income declined to SEK 146.2m from SEK 151.0m; net interest income rose to SEK 26.9m from SEK 25.0m, while net income was a loss of SEK 1.1m versus profit of SEK 24.6m.

Outlook and guidance

• Focus remains on profitability, cost control, close customer relationships and developing recurring revenue; management sees opportunities as market activity gradually improves.

• Private Banking lending rose QoQ and management cited continued demand for advice, securities trading and asset management.