Västra Hamnen Corp. Finance (VH) investor relations material

Executive summary

• Operating income for Q2 2026 was 5.95 MSEK, up 12% year-over-year, driven by more successful transactions.

• Operating profit for Q2 reached 2.0 MSEK, with a margin of 33.7%, compared to 0.8 MSEK and 14.7% last year.

• Net profit after tax for Q2 was 1.59 MSEK, more than doubling from 0.78 MSEK in Q2 2025.

• A rights issue of 800,000 shares was completed in June, significantly strengthening the capital base.

• The company reduced costs, especially personnel expenses, and improved profitability.

Financial highlights

• Q2 revenues: 5.95 MSEK (5.31 MSEK in Q2 2025); H1 revenues: 8.10 MSEK (6.99 MSEK in H1 2025).

• Q2 operating profit: 2.0 MSEK (0.8 MSEK); H1 operating profit: 0.27 MSEK (-1.81 MSEK).

• Q2 net profit: 1.59 MSEK (0.78 MSEK); H1 net profit: 0.32 MSEK (-1.81 MSEK).

• Earnings per share Q2: 1.45 SEK (0.75 SEK); H1: 0.30 SEK (-1.74 SEK).

• Equity at June 30: 15.7 MSEK (9.3 MSEK); cash position: 10.6 MSEK (4.2 MSEK).

Outlook and guidance

• The company expects continued good business opportunities if transaction activity remains healthy.

• Cost reduction measures in Copenhagen and previous staff cuts will have full effect from H2 2026.

• Anticipates increased IPO advisory activity as market conditions improve.