Titanium (TITAN) investor relations material

Executive summary

• Strategic service model and supporting structures were completed, enabling a shift in focus to sales and customer work from July onward.

• Group structure was clarified and unified around wealth management, with commercial organization strengthened and new leadership, including a new CEO appointed in April 2026.

• Commercial practices and compensation models were harmonized, and agent-based systems were discontinued.

• Significant investments in personnel, commercial capabilities, and digital systems to support growth.

Financial highlights

• Fee income for H1 2026 was €9.4M, down 4.2% year-over-year; operating profit (EBIT) was €2.6M, down 25.3%; EBIT margin at 27.9% (down from 35.8%).

• Net profit for the period was €1.9M, a 28.6% decrease year-over-year.

• EPS was €0.19, down from €0.26 in H1 2025.

• Operating cash flow was €1.5M, compared to €1.7M in H1 2025.

• Equity ratio improved to 84.1%; net gearing at -63.9%.

Outlook and guidance

• Completion of restructuring is expected to reduce related costs in the second half, with investments aimed at strengthening customer service, efficiency, and growth potential.

• Long-term targets: average annual fee income growth of 10–15%, EBIT margin above 40%, and significant share of assets in new products and customer segments.

• Dividend policy aims to distribute at least 70% of annual profit, considering capital adequacy.