Axactor plans €215m equity raise to offset Q2 2026 revaluation loss

Norwegian debt collection firm Axactor plans to raise €215 million in equity to offset a revaluation loss expected in the second quarter of 2026, according to internal presentation slides reviewed by Reuters.

The equity issuance aims to strengthen the company’s balance sheet following a non-cash impairment on its loan portfolio, which will reduce reported equity by approximately €215 million in Q2 2026. Axactor did not specify the method of the equity raise, though such transactions typically involve new share issuance or private placements.

The revaluation hit stems from a downward adjustment in the fair value of Axactor’s debt collection rights and loan portfolios, reflecting updated market conditions and recovery expectations. The company, which operates primarily in Europe, has faced pressure from rising interest rates and tighter credit conditions, impacting the valuation of distressed assets.

Axactor’s management stated that the equity raise is part of a broader strategy to maintain financial flexibility and support long-term growth amid a challenging macroeconomic environment. The company did not provide a timeline for the capital increase but noted that discussions with potential investors are ongoing.

Shares in Axactor were down 2.1% in Oslo trading on Thursday, underperforming the broader market. The company’s stock has declined by approximately 15% over the past year amid sector-wide headwinds.

Axactor did not respond to requests for additional details on the equity raise or the revaluation process.