The full financial report and presentation can be found here: https://www.axactor.com/investor-relations/reports-and-presentations
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.
Financials
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
*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.
