The second quarter 2026
(compared to second quarter 2025)
HILBERT GROUP FINANCIAL REPORTS CAN BE FOUND HERE.
A VIDEO PRESENTATION OF THE Q2 2026 REPORT AND THE BUSINESS OUTLOOK FOR HILBERT GROUP CAN BE FOUND HERE.
Highlights from the CEO's address:
Investment performance resilient through a 26% first-half Bitcoin decline
Bitcoin fell roughly 14% in the quarter and about 26% over the first half on a month-end basis, including June, its worst month since 2022. Through June, Basis+ USD returned +2.36% net year to date, Basis+ BTC +2.11% net on top of Bitcoin, and MultiStrat +26.59% net. Over the same period the crypto hedge fund composite was down more than 11% year to date (per Galaxy VisionTrack indices, to 30 June).
Management fee revenue up 74% quarter-on-quarter
Management fee revenue rose 74% quarter-on-quarter in USD terms and 26% over the first half against the same period of 2025. Even in June, the worst month for Bitcoin since 2022, management fee revenue ran at nearly double the first-quarter monthly average.
Continued growth in contracted hedge fund AUM
Contracted hedge fund AUM across the Group's funds and SMAs reached USD 119.5 million at 30 June, with a further 4,679 BTC in the Byzantine fund. AUM compounded by +136% in Q1 and a further +8.5% in Q2, with growth in five of the first six months of the year, in a market where the broader industry saw sizable outflows.
Transformation into a multi-engine platform substantially complete
During the quarter the Group completed a directed share issue of approximately SEK 46 million to fund growth and platform integration, progressed Enigma's integration, and consolidated Hilbert Finance in the Group's accounts for the first time. After the period, Syntetika went live, giving investors direct on-chain access to the Basis+ BTC strategy, and Hilbert Finance's first lending vault launched.
Over the next 24 hours, the company will collect questions related to the report (see email contact below), and a consolidated Q&A will be published on our website early next week.
For further information, please contact:
Barnali Biswal, CEO Hilbert Group AB
+46 (0)8 502 353 00
ir@hilbert.group