Company update
20 April 2026
Operating income rose by 28 per cent. Profit more than doubled compared with Q1 2025. The loan portfolio grew by 43 per cent over twelve months.
Key figures
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating income | 252 MSEK | 197 MSEK | +28% |
| Net interest income | 225 MSEK | 178 MSEK | +26% |
| Profit before tax (continuing) | 74 MSEK | 44 MSEK | +68% |
| Profit for the period | 78 MSEK | 36 MSEK | +117% |
| Credit losses, net | −74 MSEK | −74 MSEK | Unchanged |
Growth in the balance sheet
Total assets amount to 8.8 MDSEK — an increase of 51 per cent since Q1 2025. Deposits from the public have grown at a similar pace and amount to 7.3 MDSEK. Lending to the public amounts to 6.0 MDSEK.
Credit quality holds up
Credit losses are essentially unchanged compared with Q1 2025, even though the portfolio has grown by 43 per cent during the period. The share of the portfolio in stage 3 (doubtful receivables) has fallen from 8.3 per cent to 7.1 per cent of the gross portfolio.
B2B turns a profit
The B2B segment reports a profit before tax of +8 MSEK for Q1 2026, compared with −10 MSEK in Q1 2025.
Divestment of Flo
Profit for the period includes a one-off gain of 22 MSEK from the divestment of Flo, reported as discontinued operations.
Source: Northmill Group AB's preliminary financial report Q1 2026. The figures are unaudited.
Northmill Group AB is traded on Eqvor
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