Nowonomics (NOWO) Q1 2026 earnings summary

Executive summary

• Revenue increased by 10.3% to 4.3 MSEK compared to the same quarter last year, reflecting growth despite challenging market conditions.

• EBITDA improved by 2.1 MSEK to -2.6 MSEK, a 30% improvement year-over-year, driven by cost control and increased marketing efficiency.

• Net result per share improved to -0.2 SEK from -0.3 SEK year-over-year.

• Assets under management (AUM) reached 945 MSEK after the acquisition of MetaSpace Fund, with Nowo Global Fund at 624 MSEK.

• The company remains focused on scaling its digital savings and pension advisory platform, with a clear path toward break-even excluding marketing costs in 2026.

Financial highlights

• Net sales for the quarter were 3.6 MSEK, up from 3.0 MSEK year-over-year.

• Operating loss (EBIT) improved to -4.4 MSEK from -6.3 MSEK year-over-year.

• Cash and bank balances at quarter-end were 5.8 MSEK, up from 5.1 MSEK a year earlier.

• AUM increased to 945 MSEK, including 321 MSEK from MetaSpace Fund.

• Number of active accounts decreased to 91,339 due to closure of inactive accounts.

Outlook and guidance

• The company expects continued capital inflows and positive fund performance into Q2 2026.

• Management maintains the goal of reaching break-even (excluding marketing costs) during 2026.

• The MetaSpace Fund acquisition is expected to significantly boost both revenue and results going forward.