Q3 2025 CapMan Oyj Earnings Call Transcript

Nov 6, 2025 / 07:30 AM GMT

Release Date Price: €1.7 (-2.07%)

Transcript

Key Points

Positve

CapMan Oyj (OHEL:CAPMAN) achieved a record level of assets under management at EUR 7.1 billion, marking a 17% growth since the start of the year.
Comparable EBIT increased by 46% compared to last year, driven by strong fair value development in their own fund investments.
The company has successfully attracted new investors, with 80% of fundraising coming from investors who have not previously invested with CapMan Oyj (OHEL:CAPMAN).
CapMan Oyj (OHEL:CAPMAN) has maintained strong cost control, with operational expenses primarily related to acquisitions.
The company has a solid balance sheet with an equity ratio of 59% and cash and other short-term financial assets of EUR 54 million, enabling continued execution of their growth strategy.

Negative

Revenue remained flat compared to last year due to a lack of exits that would have resulted in material carried interest.
There was a net negative cash flow in investment operations as exits have not yet materialized into significant cash inflows.
The external funds' value continues to decrease, aligning with the strategy but impacting overall financials.
The market for exits has been challenging, with only a few exits materializing in the third quarter.
Return on equity is currently below the company's target, despite a strong equity ratio.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CAPMAN.HE - CapMan Oyj
Q3 2025 CapMan Oyj Earnings Call
Nov 06, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Mr President, good morning and welcome to this presentation of Caman's Q3 report 2025. Presenting today we have Pia Cole, CEO of CPMA, and after the presentation we will have a Q&A session where you are welcome to send in questions at any time using the chat in the webcast link.

Pia.

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Unidentified_2 [2]
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And welcome from my side.

GP had a strong 3rd quarter, both financially and in executing on our growth strategy.

At the end of the quarter Mr. President, our assets under management are at a new record level at 7.1 billion. It is a 17%

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