Newcap (NEWCAP) Q1 2026 earnings summary

Executive summary

• Achieved development in line with expectations for Q1 2026, focusing on growth strategy and integration of acquired activities.

• Acquired compliance and risk management business Observatum, to be included in financials from May 2026.

• Expanded board and management to support new business areas and growth.

Financial highlights

• Revenue guidance for 2026 raised to DKK 14.0–16.0 million after Observatum acquisition; profit before tax guidance maintained at DKK 2.5–5.0 million.

• Income from capital management remains the main revenue and earnings driver.

Outlook and guidance

• Assets under management expected to perform in line with historical average of 10% per year.

• Compliance business expected to become a central, independent business area supporting future growth.