eQ Plc’s half year report 2025 – eQ’s operating profit EUR 11.8 million

by | August 5, 2025 12:20 pm | US Markets

eQ Plc half year financial report
5 August 2025 at 8:00 AM

January to June 2025 in brief

  • During the period under review, the Group’s net revenue totalled EUR 28.3 million (EUR 34.2 million from 1 Jan. to 30 June 2024). The Group’s net fee and commission income was EUR 29.4 million (EUR 33.2 million).
  • The Group’s operating profit fell by 35% to EUR 11.8 million (EUR 18.1 million).
  • The Group’s profit was EUR 9.3 million (EUR 14.3 million).
  • The consolidated earnings per share were EUR 0.22 (EUR 0.35).
  • The net revenue of the Asset Management segment decreased by 5% to EUR 28.6 million (EUR 30.3 million) and the operating profit by 13% to EUR 15.2 million (EUR 17.4 million). The management fees of the Asset Management segment fell by 4% to EUR 26.7 million (EUR 27.9 million) and the performance fees fell by 19% to EUR 2.2 million (EUR 2.7 million). During the review period, the assets managed by eQ Asset Management grew to EUR 13.5 billion (EUR 13.4 billion on 31 Dec. 2024).
  • The net revenue of the Corporate Finance segment was EUR 0.8 million (EUR 2.9 million) and the operating profit was EUR -0.9 million (EUR 1.0 million). It is typical of corporate finance business that success fees have a considerable impact on invoicing, which is why the segment’s results may vary considerably.
  • The operating profit of the Investments segment was EUR -1.3 million (EUR 0.5 million). Operating profit was negatively affected by changes in the value of residential funds and exchange rate fluctuations in USD-denominated investments.
  • The net cash flow from the Group’s own private equity and real estate fund investment operations was EUR -0.7 million (EUR -0.1 million).
  • The Board of Directors of eQ Plc appointed Jouko Pölönen as the company’s new Chief Executive Officer. Pölönen will begin his post on September 1, 2025.

April to June 2025 in brief

  • In the second quarter, the Group’s net revenue totalled EUR 14.3 million (EUR 17.7 million from 1 April to 30 June 2024). The Group’s net fee and commission income was EUR 14.9 million (EUR 17.2 million).
  • The Group’s operating profit fell by 36% to EUR 6.0 million (EUR 9.3 million). Operating expenses include EUR 0.5 million in non-recurring expenses related to strategic planning and market research for the asset management business.
  • The Group’s profit was EUR 4.7 million (EUR 7.4 million).
  • The consolidated earnings per share were EUR 0.11 (EUR 0.18).
Key ratios 1-6/25 1-6/24 Change 4-6/25 4-6/24 Change 1-12/24
Net revenue, Group, MEUR 28.3 34.2 -17 % 14.3 17.7 -19 % 65.6
Net revenue, Asset Management, MEUR 28.6 30.3 -5 % 14.2 15.1 -6 % 58.5
Net revenue, Corporate Finance, MEUR 0.8 2.9 -72 % 0.8 2.1 -64 % 5.3
Net revenue, Investments, MEUR -1.3 0.5 -335 % -0.7 0.3 -307 % 1.1
Group administration and eliminations              
Net revenue, MEUR 0.2 0.5   0.0 0.2   0.8
               
Operating profit, Group, MEUR 11.8