Interim report
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INTERIM REPORT APRIL -JUNE 2026 Executing on strategic priorities through an unpredictable market " On an underlying basis , Catella delivers an improving net revenue perfor- mance in the second quarter . Driven by an increasingly active transactions market our Corporate Finance business grew 38 percent year - over - year , offsetting lower revenues in Investment Management . Progress is made on the Group's strategic priorities , were earnings quality , operational excel- lence and investments in key capabilities , are positioning us for long - term success beyond the current uncertain market conditions . " Rikke Lykke , Group CEO CATELLA Progress during the quarter Financial results • • Net sales in the quarter amounted to SEK 400 M ( 722 ) Gross profit amounted to SEK 310 million , compared with adjusted gross profit of SEK 294 million in the corresponding quarter of the previous year . The adjustment relates to the divestments of Kaktus , CatWave and Catella Valuation . • Operating result was SEK 8 M ( 315 ) . • • Operating result , adjusted for items affecting comparability , increased by SEK 43 M compared with the previous year . Earnings per share before and after dilution was SEK -0.14 ( 3.62 ) . Assets under management • Assets under management ( AUM ) amounted to SEK 161 Bn at the end of the period , an increase of SEK 1 Bn compared to the first quarter of 2026 . Progress during the year Financial results • Net sales in the first half year amounted to SEK 696 M ( 1047 ) • Underlying gross profit amounted to SEK 551 M com- pared to SEK 575 M last year . • Operating result for the period was SEK -37 M ( 272 ) Operating result adjusted for items affecting compara- • bility increased by SEK 70 M compared to the previous year . • Earnings per share before and after dilution was SEK -0.70 ( 1.55 ) Assets under management . Assets under management ( AUM ) amounted to SEK 161 Bn at the end of the period , an increase of SEK 4 Bn compared to the same period last year . • The increase is driven by a reporting change imple- mented in 2026 , under which assets under develop- ment are included in AUM of some SEK 5 Bn . Total income Operating result Assets under management SEK 1,684 M Last 12 months SEK -19 M Last 12 months SEK Invested capital SEK 161 Bn 861 M End of period End of period