ABGSC – Q1 2025 Interim Report

Highlights:

• Stable performance from a robust and diversified business
• Revenues of NOK 407m (NOK 403m)
• Net profit of NOK 50m (NOK 56m)
• Diluted EPS of NOK 0.09 (NOK 0.11)

CEO comments І Well-positioned for navigating in troubled waters

Recent headlines have been dominated by heightened geopolitical uncertainty, primarily driven by US policy developments, including international security and newly introduced tariffs. As a result, market volatility has increased, leading to a sell-off in global markets across asset classes.

During the first quarter, the Nordic markets remained relatively resilient, supported by high levels of secondary trading activity and strong investor demand for high-yield credit. This environment led to tight credit spreads and favorable issuance conditions for high-yield bond issuers, resulting in robust revenue contributions from our brokerage and debt capital markets (DCM) segments.

As expected, Q1 marked a seasonally slower period for corporate M&A and equity capital markets ECM) activity, with muted ECM volumes across the Nordic region. Moreover, we are seeing a delay in the recovery of M&A activity, with the number of announced transactions broadly in line with the previous year. Against this backdrop, I am pleased that we successfully closed more than 30 transactions during the quarter and achieved a modest year-over-year increase in top-line revenue.

A key milestone at the start of the second quarter is the progress in Private Banking. We are pleased to have started onboarding the first clients and look forward to launching our offering to a broader audience in the coming weeks and months. We appreciate the strong interest in our services and look forward to welcoming a range of new clients to the firm.

We believe independent, objective advice and insights from external advisors are essential, especially in markets experiencing significant uncertainty due to unprecedented political and policy changes. Our primary focus is on effectively supporting our clients through turbulent periods, ensuring they benefit from our complete independence and the absence of conflicting interests from internal lending or asset management operations. We are committed to providing clear advice, best-in-class execution, and the agility to swiftly adapt to evolving market conditions.

For further information:

Jonas Ström, CEO +46 8 566 294 68

Geir B. Olsen, CFO +47 22 01 60 35

Please find attached the Q1 Interim Report. A presentation will be held as a webcast at 09:00 CEST and can be accessed through a weblink or call-in details presented on our corporate website www.abgsc.com.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was submitted for publication, through the agency of the contact persons set out above, at 08:00 CEST on 10 April 2025.