Reported Earnings • May 29
First quarter 2026 earnings released: kr0.38 loss per share (vs kr0.37 loss in 1Q 2025) First quarter 2026 results: kr0.38 loss per share (further deteriorated from kr0.37 loss in 1Q 2025). Revenue: kr3.61b (up kr3.56b from 1Q 2025). Net loss: kr42.7m (loss widened 76% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • May 20
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director David Butler is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • May 19
Hilbert Group AB (publ), Annual General Meeting, Jun 17, 2026 Hilbert Group AB (publ), Annual General Meeting, Jun 17, 2026, at 14:00 W. Europe Standard Time. Location: advokatfirman lindahl office, on smalandsgatan 16, stockholm, stockholm Sweden Announcement • Apr 16
Hilbert Group AB (Publ) Announces Stepdown of Steen Jakobsen from the S Board Hilbert Group AB (publ) announced EGM to be held on May 7, 2026 Steen Jakobsen, who has requested to step down from the Board due to other commitments. Announcement • Apr 15
Hilbert Group AB (publ), Annual General Meeting, May 07, 2026 Hilbert Group AB (publ), Annual General Meeting, May 07, 2026, at 16:00 W. Europe Standard Time. Location: advokatfirman lindahl office on smalandsgatan 16, stockholm Sweden Announcement • Nov 13
Hilbert Group AB (publ) Announces Board Changes, Effective November 12, 2025 Hilbert Group AB (publ) at its Extraordinary General Meeting held on November 12, 2025, approved election of Jonathan Morris as both Board member and chair of the Board and Resignations of Erik Nerpin and Stuart Connolly from their positions of director and Chairman respectively were accepted by the Board. Announcement • Sep 12
Hilbert Group AB (publ) announced that it has received SEK 5.500001 million in funding Hilbert Group AB announced that it has completed a private placement and issued 545,635 B shares at a price of SEK 10.08 for aggregate gross proceeds of SEK 5,499,990.72 on September 12, 2025. The transaction included participation from John Lilic. Announcement • Sep 03
Hilbert Group AB (publ) (OM:HILB B) agreed to acquire remaining 95% stake in Nordark AB for approximately SEK 160 million. Hilbert Group AB (publ) (OM:HILB B) agreed to acquire remaining 95% stake in Nordark AB for approximately SEK 160 million on September 2, 2025. The consideration consists of an initial 2.970105 million Hilbert B shares, subject to a two-year lock- up, with the potential to increase to a maximum of 16.830596 million shares if ambitious growth and profitability targets through 2027 are achieved. The acquisition of Nordark positions Hilbert Group to unlock substantial new revenue streams by combining its proven asset management and DeFi strategies with Nordark’s banking, trading, and lending infrastructure.
Closing of the transaction is subject to customary conditions and board approval and is expected to be completed by September 15, 2025.
Jockum Hultén of Snowball Capital and Web3 angel investor and Hilbert Group board advisor, John Lilic, acted as advisors in the transaction to Hilbert. New Risk • Aug 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (28% average weekly change). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (€68.5m market cap, or US$80.1m). Announcement • Jul 24
Hilbert Group AB (Publ) Announces Board Changes Hilbert Group AB (publ) at Annual General Meeting held on July 23, 2025 and to elect Steen Jakobsen as new board member for the period until the end of the next Annual General Meeting. Frode Foss-Skiftesvik and Tim Grant had declined re-election and left the Board. Announcement • Jul 10
Hilbert Group Appoints Lars Seier Christensen to Its Advisory Board Hilbert Group AB announced that renowned international businessman Lars Seier Christensen, co-founder of Saxo Bank, will serve as Advisor to the Board. Lars is best known as a co-founder of Saxo Bank, where he played a pivotal role in transforming the institution into a globally recognized financial services provider with over 1.5 million customers. In addition to his work at Saxo Bank, Lars has been an active investor and thought leader in fintech and blockchain related companies, including London-based Concordium. Lars is also owner of several Michelin starred restaurants and a co-owner of the football club F.C. Copenhagen. Announcement • Jul 08
Hilbert Group AB (publ) announced that it has received SEK 200 million in funding Hilbert Group AB announced it has secured long-term financing of SEK 200,000,000 on July 7, 2025.The transaction includes participation from a US-based institutional partner. An engagement letter has been signed, with the transaction subject to customary closing conditions. Announcement • Apr 24
Hilbert Group AB (publ), Annual General Meeting, Jun 13, 2025 Hilbert Group AB (publ), Annual General Meeting, Jun 13, 2025. Announcement • Apr 08
Hilbert Group AB Appoints Steen Jakobsen to Board of Directors, Effective May 23, 2025 Hilbert Group AB announced that Steen Jakobsen, former Chief Investment Officer of Saxo Bank, will join the company’s Board of Directors, effective following the company’s Annual General Meeting on May 23, 2025. Jakobsen was a key figure in the journey that transformed Saxo Bank from a smaller broker into a global leader with over 1.2 million clients. Over his more than 20 years at Saxo Bank, he played a pivotal role in establishing the institution's reputation for insightful financial research and thought-provoking analysis. His blend of macroeconomic research and actionable trading insights helped position Saxo Bank as a trusted source for investors and traders globally. Prior to Saxo Bank, Jakobsen held senior positions at Citibank, Chase Manhattan, and UBS. Announcement • Feb 07
Hilbert Group AB Announces Launch of Platform for Trading of Tokenized Equities and Popular Pre-Ipo Shares Such as Spacex, Openai and Antrophic Hilbert Group AB together with its subsidiary and partners COIN360.com CoinTe broadcast and CT.com and Galactica.com, are aiming to revolutionize Real-World Asset (RWA) tokenization on-chain in a fully compliant fashion. What this means is that people will be able to buy and sell tokenized equities and popular pre-IPO stocks, such as SpaceX and OpenAI, using crypto - in a decentralized manner. This enables fractional ownership and increased liquidity for previously restricted investment opportunities. Hilbert Group introduces (A as in asset) which is the world's first crypto protocol designed A360 for fully compliant on-chain spot trading of real-world equities and pre-IPO shares. In short, A360 is bridging real-world assets to decentralized finance. The new platform's growth will be accelerated by COIN360.com's large user base of 7 million visits per month. A key building block in the platform is Identity Virtual Machine (IVM), a cutting edge Galactica. Web3 identity and compliance framework that ensures end-to-end legal adherence without compromising security or privacy. In other words, Galactica's technology retains privacy while offering fully regulated on-chain transactions. Announcement • Jan 01
Hilbert Group AB Announces Comprehensive Reboot of COIN360.com Hilbert Group AB announced a comprehensive reboot of COIN360.com, its subsidiary dedicated to cryptocurrency market data and analytics, known for its iconic heatmap. The reboot introduces an array of new advanced features, enhanced user interfaces, and robust analytical tools designed to reinforce its position as a leading visual guide for digital asset market intelligence. In addition, the COIN360 platform now features user-created content and tools that will be rated /moderated by the Coin360 community itself. In connection with the reboot, three new subscription tiers are introduced, and this will generate a new revenue stream for the website, on top of the existing advertising income. COIN360.com currently has 2.2 million active users and 65 million page views so far this year. Examples of some of the new features are: Fully customizable and shareable dashboards. Multifunctional profiles with advanced portfolio management. Web3 integration and NFT marketplace for user-created tools. Integrated news and articles for real-time insights. Gamified point system for engagement and rewards. In parallel to the user-created tools, a broad range of additional functionality will be rolled out over the months to come, including AI-predictors, trading assistants, strategy back-testing and an automatic reporting system, sourcing from the wallets users can connect to the website. Announcement • Dec 21
Hilbert Group AB (Publ) Announces Board Appointments The extraordinary general meeting of Hilbert Group AB (publ) in Stockholm on 20 December 2024 elected Niclas Sandström and Russell Thompson as new members of the Board. Niclas Sandström will enter the Board immediately. Russell Thompson will enter the Board in conjunction with closing of the acquisition of Liberty Road Capital. Announcement • Nov 27
Hilbert Group AB (publ) Announces Chief Execute Office Changes Hilbert Group AB (Publ) confirmed that its co-founder and CEO, Niclas Sandström, will step down from the CEO position as of January 1, 2025. The company's board of directors has appointed Barnali Biswal, currently serving as CIO of Hilbert Capital, as the new Chief Executive Officer for the group. Niclas Sandström will continue to hold an operative role in the company and will also become a member of the board at an EGM later this year. In this strategic capacity, he will focus on corporate strategy, M&A, and COIN360 developments. Barnali Biswal joined Hilbert Group as CIO of Hilbert Capital in February 2024. Prior to that, she was CIO for Atitlan, a quantitative multi-strategy crypto hedge fund in London. Before that, Barnali was at Goldman Sachs in London for 14 years as a Managing Director, running its European high- yield credit trading business. Barnali will be based in London. Announcement • Nov 26
Hilbert Group AB (publ) (OM:HILB B) acquired Liberty Road Capital Limited. Hilbert Group AB (publ) (OM:HILB B) acquired Liberty Road Capital Limited on November 26, 2024. As part of the transaction,Liberty Road Capital's employees would join Hilbert Group.
Hilbert Group AB (publ) (OM:HILB B) completed the acquisition of Liberty Road Capital Limited on November 26, 2024. Announcement • Sep 16
Hilbert Group and Xapo Bank Completes Launch of Bitcoin Yield Hedge Fund with $175 Million in Initial Investments Hilbert Capital, the asset management division of Hilbert Group AB and Xapo Bank have successfully launched the BTC-denominated credit fund. The fund has been established with 3,000 Bitcoins in initial investments (currently valued at USD 175 million, SEK 1.75 billion). Hilbert Capital is the investment manager for the Xapo Byzantine BTC Credit Fund which is planned to be made available to clients globally of Xapo Bank, subject to regulatory approval. The fund enables investors with Bitcoin balance sheets to earn a high-quality and institutional grade yield on their holdings. Announcement • Jul 04
Hilbert Launches New Bitcoin Yield Product with Significant Investment from Institutional Partner Hilbert Capital has developed and launched a quantitative investment solution to generate a yield on top of Bitcoin. The product has been awarded a sizable investment from a global-leading financial institution. The Hilbert Bitcoin Yield solution is designed to generate a consistent return of up to 6% over Bitcoin per annum. It uses the models and algorithmic trading techniques which Hilbert has applied over the last 7 years. Announcement • Apr 26
Hilbert Group AB (publ), Annual General Meeting, May 24, 2024 Hilbert Group AB (publ), Annual General Meeting, May 24, 2024, at 10:00 Central European Standard Time. Location: The office of Advokatfirman Nerpin, Birger Jarlsgatan 2, 3rd floor, Stockholm Sweden Agenda: To consider Presentation of the annual report and the auditor's report as well as the consolidated accounts and the consolidated auditor's report; to consider Decision on approval of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet; to consider Decision on dispositions regarding the company's profit according to the approved balance sheet; to consider Decision on discharge of liability for the members of the Board of Directors and the President; to consider Determination of the number of board members; to consider Determination of the number of auditors and deputy auditors; to consider Determination of fees to the Board; to consider Determination of fees to the auditor; to consider Election of board members and chairman of the board; to consider Election of auditor and any deputy auditors; and to consider other matters. New Risk • Feb 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (€26.8m market cap, or US$28.9m). Announcement • Feb 08
Hilbert Capital Appoints Barnali Biswal as Chief Investment Officer Hilbert Group AB (publ) announced that Ms. Barnali Biswal has joined Hilbert Capital, the asset management subsidiary of Hilbert Group AB, as its Chief Investment Officer to manage and develop its quantitative investment solutions for its growing number of institutional investors. Barnali was at Goldman Sachs in London for 14 years as Managing Director, running its European high-yield credit trading business which included managing a $1 billion+ portfolio. For the last 3 years, Barnali was Chief Investment Officer of Atitlan, the quantitative multi-strategy crypto hedge fund based in London. Hilbert's investment team has worked closely with Barnali behind the scenes for 2 years on strategy development, and she was an investor across multiple Hilbert products during that period. At Hilbert, Barnali will be responsible for the investment management and development of its quantitative trading strategies. Her appointment enables Hilbert's quantitative research team, led by Dr. Magnus Holm, to focus 100% of its time on improving trading strategies and finding new alpha to be exploited. The Hilbert investment team consists of 7 senior investment professionals, including 4 quantitative PhDs. Board Change • Dec 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman of the Board Erik Nerpin was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 01
Hilbert Group AB (Publ) Appoints Tim Grant to the Board Hilbert Group AB (publ) welcomed Tim Grant to the Hilbert Group board. Tim is the CEO of the $1bn investing and operating company DeusX and the former head of Galaxy Europe, Middle-East and Africa. Tim has significant experience at a senior level on both the sell-side and buy-side, a track record of building and leading successful blockchain businesses, and is an industry thought-leader. Tim will be a strong addition to the board as continue to capitalize on sustained growth and further position Hilbert as a leading digital assets investment solutions provider for institutional investors. Announcement • Nov 15
Hilbert Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 17.000011 million. Hilbert Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 17.000011 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,687,638
Price\Range: SEK 4.61
Transaction Features: Subsequent Direct Listing Announcement • May 27
Hilbert Group AB (publ), Annual General Meeting, Jun 15, 2023 Hilbert Group AB (publ), Annual General Meeting, Jun 15, 2023, at 10:00 Central European Standard Time. Location: Nerpin AB's office, Birger Jarlsgatan 2, 3rd floor Stockholm Sweden Announcement • Oct 06
Hilbert Group AB Opens Investment Fund to Institutional Investors, Following Regulatory Approval Hilbert Group AB opened the Hilbert V1 Fund to external investors after having received Cayman Islands Monetary Authority (CIMA) approval for the investment manager, Hilbert Capital Ltd. The partners of Hilbert Group have together committed SEK 50 million as seedfunding for the strategy, which has been running on proprietary capital since 1st of May 2022. Hilbert V1 Fund will be open to external investors from the 1st of November 2022. Announcement • Sep 29
Hilbert Group Appoints Bruce Terry to Its Advisory Board as Senior Advisor Hilbert Group appointed Bruce Terry as senior advisor. Bruce brings four decades of hedge fund and private equity experience to the team, where he will advise and support the development of investment solutions and fundraising of capital. Previously, Bruce was the Chief Executive Officer of Brevan Howard US. Prior to his current role, he was a Managing Director at The Carlyle Group. Brevan Howard is one of the world's leading macro hedge funds. Richard and Bruce were part of the small team at Brevan Howard which expanded the firm's assets base to a peak of $40bn. Terry is the fourth former Brevan Howard senior executive to become a member of Hilbert Group, where he is joined by Richard Murray, Javier Hernandez and Christian Simond. Hilbert focuses on a strategic advisory board, working with experienced hedge fund industry executives whom it has known and worked with for many years. In addition to Bruce, the advisory board consists of 2 former Finisterre executives, Paul Crean, former Chief Investment Officer and Thierry Pudet, former Chief Risk Officer. The Advisory Board is closely involved in the development of Hilbert Group's business and the development of its digital asset trading strategies. Announcement • Jul 06
Hilbert Group AB Hires Richard Murray as CEO of Asset Management Division, Hilbert Capital Hilbert Group AB has appointed Richard Murray to join the executive team as CEO of Hilbert Capital, the asset management division of Hilbert Group. Richard brings nearly two decades of international alternative investment experience to Hilbert. He is joining the firm from Cevian Capital. Prior to Cevian, he spent over a decade developing business and investor solutions at Finisterre Capital and Brevan Howard Asset Management. In joining Hilbert, Richard also brings with him a team of senior business developers who all worked together at Brevan Howard. This team is contracted to work with Richard to distribute Hilbert Group’s fund solutions in the key institutional markets for the company in North America, Europe, Asia and the Middle East. Richard Murray’s appointment will take effect on 5 July 2022. Announcement • May 12
Hilbert Group AB Appoints Mark Adams to Join the Executive Team as Chief Legal Officer Hilbert Group AB has appointed Mark Adams to join the executive team as Chief Legal Officer (CLO). Mark has over a decade of legal experience and has been a lawyer, director, legal representative and company secretary at various market leading firms. Prior to joining Hilbert Group, he served as the Head of Legal for William Hill International for over 3 years. Announcement • Apr 09
Hilbert Group AB (publ) (OM:HILB B) acquired 5.7% stake in Capchap AB for SEK 2.5 million. Hilbert Group AB (publ) (OM:HILB B) acquired 5.7% stake in Capchap AB for SEK 2.5 million on April 8, 2022.
Hilbert Group AB (publ) (OM:HILB B) completed the acquisition of 5.7% stake in Capchap AB on April 8, 2022. Announcement • Jan 13
Hilbert Group AB Launches Global Security Feeder for Investors Worldwide Hilbert Group AB announced that in an effort to maximize distribution of its renowned strategy in Hilbert Digital Asset Fund, the company has launched a global security as a feeder to the fund. Hilbert Digital Asset Fund is an algorithmically traded Altcoin fund. This means that most of the time, most of the capital in the fund will be allocated to digital assets other than Bitcoin. The objective of the fund is to maximize absolute returns across the cycle – bull market plus bear market. The fund is long-biased and does not utilise leverage. The underlying portfolio consists of a diversified set of assets (30+) in the most liquid/deep segment of the market. The investment universe of the underlying strategy is reviewed monthly. The fund manager may, from time to time, hedge the portfolio in a discretionary manner. LYNK Capital Markets provides the turnkey solution including issuance and maintenance of the security. Announcement • Jan 04
Hilbert Group Launches New Systematic Crypto Fund with Focus on Bitcoin and Ethereum Hilbert Group AB has now launched the envisaged Hilbert Syrius Bit+ Fund (HSBF or the Fund), a systematic quant-driven crypto fund. HSBF is launched as a joint venture with strategic advisory firm Oracle Strategies Limited under a newly formed Cayman-based investment manager named Hilbert Syrius Asset Management Ltd. Both the fund and the investment manager will be regulated by CIMA.