Hoist Finance AB (publ) Q3 2026 Earnings Recap

Hoist Finance shares fell 4.3% after earnings, with the quarter’s investment pace slowing sharply from Q2’s SEK 6.1 billion to SEK 1.6 billion. Management characterized Q3 as a “nuts and bolts” quarter and pointed to more secondary-market activity in early 2027, leaving near-term investment momentum a likely concern despite higher earnings.

Key Takeaways

• Profit before tax rose 44% year over year to SEK 503 million; excluding SEK 10 million of indirect costs, it was SEK 513 million, up 47%.
• Return on equity was 21.2%, versus 17.6% a year earlier; earnings per share increased 34% to SEK 4.5.
• Portfolio investments were SEK 1.6 billion, down from SEK 6.1 billion in Q2. Year-to-date investment reached SEK 9.7 billion, with another SEK 1 billion signed or closed after quarter-end.
• Collections were SEK 3 billion, a Q3 record, with collection performance at 103%, matching last year. The portfolio grew 27% year over year to SEK 40 billion.
• CET1 stood at around 12.88%. Management said funding costs were strengthening and collections had not been affected by market stress, while expecting more secondary-market opportunities in early 2027.