)
Helical (HLCL) investor relations material
Helical H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic focus on delivering best-in-class central London office projects, leveraging joint ventures and equity-light structures for enhanced returns, with significant progress on 100 New Bridge Street, Brettenham House, and 10 King William Street, all completing in 2026.
Robust pipeline supported by partnerships, notably with Places for London, including new offices in Farringdon and PBSA in White City and Southwark.
Active capital recycling and disciplined balance sheet management, with over £620 million of assets sold in five years.
Market-defining sale of 100 New Bridge Street to State Street for £333 million, the largest London office sale in 2025, completed a year ahead of schedule.
Market conditions support the strategy, with a supply-constrained environment and rental growth forecasted at 4-5% per annum for best-in-class space.
Financial highlights
Profit after tax for the half-year was £1.8 million, down from £4.7 million year-over-year.
EPRA earnings per share rose to 2.4p (2024: 2.3p); EPRA NTA per share increased to 349p (31 March 2025: 348p).
Net rental income declined to £7.7 million due to prior asset sales; development income rose to £2.9 million, offset by £1.4 million in costs.
Portfolio value grew to £583.3 million from £540.4 million at March 2025; net asset value at £422.8 million.
Interim dividend maintained at 1.50p per share, fully covered by EPRA EPS.
Outlook and guidance
Targeting total accounting returns in excess of 10%, with profits of £85 million+ from the current pipeline, rising to £140 million with 10% rental growth.
Focus on finalizing Paddington debt facility, completing 100 New Bridge Street sale, and structuring funding for new opportunities.
Minimum return of 50% of realized net profits from the 100 New Bridge Street joint venture expected to be returned to shareholders after completion in April 2026.
All major schemes are fully funded, with further opportunities anticipated through joint ventures.
Next Helical earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage