Nowonomics (NOWO) Q1 2026 earnings summary

Executive summary

• Revenue increased by 10.3% year-over-year to 4.3 MSEK in Q1 2026, reflecting a robust business model despite challenging market conditions.

• Operating result (EBITDA) improved by 2.1 MSEK, reaching -2.6 MSEK compared to -4.7 MSEK in Q1 2025.

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

• Strong demand for pension advisory services contributed positively to group results.

Financial highlights

• Assets under management (AUM) at quarter-end were approximately 624 MSEK.

• The Nowo Global Fund declined by about 3% during the quarter, but saw a recovery in March.

• Total AUM increased to about 945 MSEK after acquiring MetaSpace Fund management in April.

Outlook and guidance

• Capital inflow remains steady, supporting positive prospects for the remainder of the year.

• The company maintains its goal to reach break-even, excluding marketing costs, within the current year.

• Management expects the MetaSpace Fund acquisition to significantly boost future revenue and results.