(Oslo, 29 October 2026) Axactor ASA announces third quarter financial results
Axactor continued the transformation journey during the third quarter. After
successfully deleveraging the company through a EUR ~215m equity issue and EUR
100m portfolio sale in the second quarter, the ACR04 bond was refinanced towards
the end of this quarter at significantly tighter margins securing a more
competitive platform going forwards. Consequently, interest expenses on
borrowings fell to EUR 15m in the quarter, a reduction of 17% compared with the
third quarter of 2025. A further reduction in interest expenses is expected in
the fourth quarter.
Key figures Q3 2026 (Q3 2025 in brackets)*
- NPL collection performance of 104% (98%)
- Gross revenue of EUR 74m (EUR 78m)
- Total revenue of EUR 57m (EUR 62m)
- EBITDA of EUR 26m (EUR 33m)
- Cash EBITDA of EUR 44m (EUR 49m)
- NPL investments of EUR 20m (EUR 2m)
"I am pleased to see that we are developing according to the plan and delivering
on key value drivers with regards to deleveraging and refinancing", says Johnny
Tsolis, CEO of Axactor.
"Our new co-investment partnership with Fortress is off to a good start and we
acquired the first two portfolios through our co-investment vehicle during the
quarter. The pipeline for NPL portfolios is historically large, but we also
experience a highly competitive market. Increased investments is one of the most
important value drivers for Axactor going forwards as it will add significant
scale effects. Still, we maintain a strong investment discipline to secure
healthy IRR levels", concludes Tsolis.
Presentation
10:00 am CET, 29 October 2026: The results will be presented in a global
investor webcast with a live Q&A session. A recording of the webcast will be
made available after the live stream is concluded on www.axactor.com.
Webcast participation will be possible via the following. Please note that you
need to register before you will be provided with streaming access or phone
number, access code and pin.
Webcast:
- https://events.q4inc.com/attendee/192221156
Phone:
- https://events.q4inc.com/analyst/192221156?pwd=kBxYbAc0
For additional information, please contact:
Johnny Tsolis, CEO
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com
Nina Mortensen, CFO
Mobile: +47 975 24 236
E-mail: nina.mortensen@axactor.com
To learn more about Axactor, visit www.axactor.com
*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
financial report.
Disclaimer
Cautionary note regarding forward-looking statements. The statements contained
in this announcement may include forward-looking statements, such as statements
of future expectations. These statements are based on the management's current
views and assumptions and involve both known and unknown risks and
uncertainties. Although Axactor believes that the expectations implied in any
such forward-looking statements are reasonable, no assurance can be given that
such expectations will prove to be correct.
Actual results, performance or events may differ materially from those set out
or implied in the forward-looking statements. Important factors that may cause
such a difference include, but are not limited to: (i) general economic
conditions, (ii) performance of financial markets, including market volatility
and liquidity, (iii) debtors' ability and willingness to repay debt, (iv)
interest rate levels, (v) currency exchange rates, (vi) changes in the
competitive climate, (vii) changes in laws and regulations, (viii) changes in
the policies of central banks and/or foreign governments, or supranational
entities.
Axactor assumes no general obligation to update any forward-looking statement.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Eilif Drageseth, Deputy CFO at Axactor ASA, on 29
October 2026 at 06:30 CET.
ck exchange\
announcement was published by Eilif Drageseth\, Deputy CFO at Axactor ASA\, on 29\
October 2026 at 06:30 CET.\