EQT AB (publ) Year-end Report 2025

2025 - A year of strong execution

STOCKHOLM, Jan. 22, 2026 /PRNewswire/ -- "2025 was a year of great progress and strong execution for EQT. We navigated a volatile market environment, achieved our strongest realization year ever 1, invested with conviction in thematic opportunities across the globe, and further strengthened our client-centric approach. The year also marked meaningful strategic progress, as we reached an inflection point in our evergreen offering for private wealth, and we completed leadership transitions across the firm. With today's announcement of our acquisition of Coller Capital, we gain access to one of the fastest growing areas of private markets. The combination strengthens our ability to serve clients across market cycles, as we build an even stronger and more diversified global platform."

Per Franzén,

CEO and Managing Partner

Highlights for the period Jan-Dec 2025 (Jan-Dec 2024)

Strategic highlights

Key financials

Adjusted Financials – Alternative Performance Measures 3

Reported Financials – IFRS

Balance sheet, realization of carried interest, and liquidity

Financial investments including carried interest 4

Funding

Distributions to shareholders

Fundraising

Key funds

Other closed-ended strategies

Evergreen and institutional open-ended strategies

Investment activity

Exit activity

Investment performance

People

Other

Events after the reporting period

1) Including fund exits and realizations for co-investors

2) Estimated as of 31 December 2025, translated to EUR from USD based on 0.85 rate

3) The adjusted metrics are alternative performance metrics for the EQT AB Group. For a full reconciliation, please refer to section "Alternative performance measures (APM)"

4) See note 3 in the Year-end Report 2025 for additional details

5) Nominal amount

6) Net debt end of period divided by Adjusted EBITDA or Fee-related EBITDA during the last twelve months

7) Source: Dealogic

8) Vintages from 2020 and after: EQT IX, EQT Infrastructure V, BPEA VIII, EQT X, EQT Infrastructure VI and BPEA IX

9) Source: Bloomberg

Presentation of EQT AB's Year-end Report 2025 and EQT's acquisition of Coller Capital

Financial analysts and media are invited to participate in a conference call, including a presentation at 08.30 CET.

The presentation and a link to follow the webcast and conference call live can be found here and a recording will be available afterwards.

To participate by phone, please register here. You will then receive your personal dial-in details, to be able to ask questions during the Q&A.

Information on EQT AB's financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group's financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group's development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq's guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15

EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Affairs, +46 72 989 09 11

EQT Press Office, [email protected], +46 8 506 55 334

This is information that EQT AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07.00 CET on 22 January 2026.