Nowonomics (NOWO) Q2 2026 earnings summary

Executive summary

• Revenue increased by 250% to 14.0 MSEK in Q2 2026, driven by strong performance fees and fund management growth.

• EBITDA improved by 8.7 MSEK to 6.1 MSEK in Q2 2026, marking a shift to profitability.

• Assets under management (AUM) rose 157.7% year-over-year to 1,824 MSEK by June 30, 2026.

• The company became debt-free after repaying its loan to GoMobile Nu AB.

• Acquisition of MetaSpace Fund and merger of Centaur Sweden Quality Fund significantly expanded managed assets.

Financial highlights

• Q2 2026 net sales: 13.3 MSEK (3.2 MSEK in Q2 2025); 12.4 MSEK from fund management, including 6.3 MSEK in performance fees.

• Q2 2026 EBITDA: 6.1 MSEK (–2.6 MSEK in Q2 2025); Q2 2026 net income: 3.8 MSEK (–4.3 MSEK in Q2 2025).

• H1 2026 revenue: 18.3 MSEK (7.8 MSEK in H1 2025); H1 2026 EBITDA: 3.5 MSEK (–7.3 MSEK in H1 2025).

• H1 2026 net income: –0.7 MSEK (–10.7 MSEK in H1 2025).

• Soliditet (equity ratio) improved to 52.0% from 43.1% year-over-year.

Outlook and guidance

• Focus on continued AUM growth, product development, and disciplined cost control.

• Strategy aims for scalable advisory business and higher recurring revenues.

• No significant events reported after the period's end.