Hoist Finance AB (publ)

Welcome to Hoist Finance Q3 Report for 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Harry Vranisch and CFO Magnus Söderlund. Please go ahead.

Thank you very much. Good morning, everyone, and welcome to this Hoist Finance earnings call for the third quarter of 2026. I'm Harry Branjes, CEO of Hoist Finance, and next to me I have Magnus Söderlund, our CFO, and Karin Tycke, our Chief Investor Relations Officer. Let's see if we can switch slides. Yes. So thank you all for logging in and for your interest in OIST Finance. We'll try to run you through this third quarter in about 30 minutes to leave room for any questions you may have. I think before we get into the material, I think The third quarter has been, let's say, more of a nuts and bolts quarter compared to the blowout we had in Q2 when it comes to the headline numbers. But as you can see from this year-on-year profit growth and our solid return on equity, the scaling benefits of this business are now sort of consistently shining through. We have successfully onboarded the extraordinary volumes from Q2. We are busy with integrating Azure into our structure. We said it during Q2. I'll say it again. This is a light touch integration, right? We want to learn as much as possible from our new colleagues. And we are happy to see that collections have come in spot on forecast for this first quarter as a joint company. We haven't booked any integration activities as one offs in the quarter for this. Magnus will take you through that in more detail shortly. I think in the marketplace or in the world around us, we see a bit of stress in the system with interest rate, inflation and sovereign debt fears. And in this environment, we're actually strengthening our funding costs. But as before, when it comes to the collections, we don't see any impact on our collections relating to this. The cash flows tend to remain stable during worrying times, let's say. We are of course monitoring this closely. We do expect that these movements will add volumes, not least in the secondary markets where portfolios are resold by funds and industrials.

And we expect more developments to happen there during the beginning of 2027.