Nordnet Reports Record First Quarter Profit and Revenue
Nordnet AB announced its first quarter financial results, reporting its best quarterly operating profit in history at SEK 985 million, an 11 percent increase year-over-year. Revenue also grew 11 percent to nearly SEK 1.4 billion.
Nordnet AB, the Nordic digital savings and investments platform, released its Q1 2025 interim report on April 24, 2025. The company achieved its highest-ever quarterly operating profit of SEK 985 million, an 11 percent increase from the same period in 2024. Total revenue rose by 11 percent to approximately SEK 1.4 billion.
According to CEO Lars-Åke Norling, the growth was driven by a strong influx of new customers and savings, coupled with high market activity, which boosted trading and fund savings income. The platform saw nearly 70,000 new customers begin saving during the quarter, with net savings reaching SEK 25 billion – both figures represent four-year highs. The company reported a 14 percent annual customer growth rate.
While market volatility increased trading activity, declining valuations impacted total savings capital. Positive net savings and dividends contributed to higher deposits, though net interest income decreased due to lower interest rates. Nordnet also noted a successful launch of its pension products in Denmark, attracting SEK 1.6 billion in net savings.
Operating expenses increased by 13 percent, excluding investments in Germany, but the company expects full-year expenses to align with financial targets. Nordnet completed its first share buyback program of SEK 500 million and has applied for a new program.