EQV1VNasdaq HelsinkiAsset ManagementIFRS · EUR

eQ Oyj

eQ is a Finnish financial services group specializing in asset management and corporate finance. The company is publicly listed on Nasdaq Helsinki and offers a range of services including investment funds, real estate and private equity funds, individual asset management, and investment insurance. eQ serves both institutional investors and private individuals, providing access to a wide array of international investment funds through partnerships. The group also includes Advium Corporate Finance, which focuses on corporate and real estate transactions.

Revenue58.9m EUR
−11.4 %y/y
Operating profit (EBIT)27.4m EUR
−20.7 %y/y
EBIT margin46.5%
−5.4 ppy/y
Net income21.6m EUR
−21.2 %y/y
Free cash flow26.7m EUR
+82.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

020406080m EUR2020: 57 m EUR2020: EBIT 31 m EUR20202021: 79 m EUR2021: EBIT 48 m EUR20212022: 78 m EUR2022: EBIT 46 m EUR20222023: 72 m EUR2023: EBIT 40 m EUR20232024: 66 m EUR2024: EBIT 35 m EUR20242025: 59 m EUR2025: EBIT 27 m EUR20255927
RevenueOperating profit (EBIT)

Business

Share of revenue
Asset Management60 %

Includes fund services, individual asset management, and investment insurance.

Corporate Finance25 %

Advisory services for corporate and real estate transactions.

Investments15 %

Management of the group's own balance sheet investments.

Customers

eQ serves a diverse clientele including institutional investors, private individuals, and corporate clients. Institutional investors rely on eQ for comprehensive asset management solutions, leveraging the company's expertise in fund management and investment insurance. Private individuals seek personalized asset management services to grow and protect their wealth. Corporate clients engage eQ's Advium Corporate Finance for strategic advisory in mergers, acquisitions, and real estate transactions. The company's ability to offer a broad range of investment products through international partnerships enhances its appeal to clients seeking diversified investment opportunities.

Institutional Investors

Seek comprehensive asset management solutions.

Private Individuals

Look for personalized wealth management services.

Corporate Clients

Engage in strategic advisory for M&A and real estate.

Strategy

eQ's strategic priorities include expanding its asset management services and enhancing its corporate finance advisory capabilities. The company aims to grow its private equity offerings, anticipating increased allocations from Finnish asset management clients. eQ is also focused on maintaining strong partnerships with international fund managers to provide diversified investment options. Additionally, the company seeks to leverage its local market expertise to attract more foreign capital into Finnish real estate and investment opportunities.

Expand asset management servicesMedium term

To capture growing demand for diversified investment products.

Enhance corporate finance advisoryShort term

To strengthen market position in M&A and real estate transactions.

Geography

eQ is headquartered in Helsinki, Finland, and primarily operates within the Finnish market. The company's services are tailored to meet the needs of both domestic and international clients, leveraging its partnerships to offer a wide range of investment products. While Finland remains the core market, eQ's investment products and advisory services attract clients from across Europe. The company's geographical focus allows it to capitalize on local market knowledge while providing access to global investment opportunities.

Risks

eQ faces several business and financial risks, including market volatility affecting asset management fees and transaction volumes in corporate finance. The company's performance is also sensitive to economic conditions in Finland and Europe, which can impact real estate and investment markets. Regulatory changes in financial markets pose compliance risks, while operational risks arise from internal processes and systems. Additionally, geopolitical tensions and trade disputes may affect investor sentiment and market stability.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Market volatility1Economic conditions2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Market volatilityImpact: CriticalLikelihood: High

    Affects asset management fees and transaction volumes.

  2. Economic conditionsImpact: HighLikelihood: High

    Impact real estate and investment markets.

  3. Regulatory changesImpact: Medium

    Pose compliance risks.

Accounting

Judgemental items
Revenue recognition

Performance fees can vary significantly.

Impact: Fluctuations in quarterly earnings

Valuation of investments

Requires judgment in private equity and real estate funds.

Impact: Affects reported earnings

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026