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Warteck Invest (WARN) investor relations material
Warteck Invest H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved robust operational growth in H1 2026, expanding the portfolio with a major residential acquisition and a strategic property sale, with further acquisitions post-balance sheet date.
EBIT rose 4.3% year-over-year to CHF 27.0 million, with EBIT margin (excl. revaluation) at 78.8%.
Net profit declined 9.4% to CHF 18.0 million due to higher tax expenses despite improved operating results.
Portfolio market value increased 6.9% to CHF 1,136.4 million, with 65 properties across ten cantons.
Financial highlights
Rental income grew 3.9% year-over-year to CHF 23.2 million, driven by portfolio expansion and strong residential demand.
EBIT (excl. revaluation) increased 6.5% to CHF 18.7 million.
Net profit (excl. revaluation) was CHF 11.4 million, down 10.7% year-over-year.
Dividend per share increased to CHF 72 (up CHF 2 from prior year).
NAV per share rose 4.0% to CHF 1,734.
Outlook and guidance
Management expects a strong full-year 2026, supported by high residential demand and a robust project pipeline.
Strategic focus on expanding development activities and capital recycling to enhance returns.
Anticipates continued portfolio growth and stable or rising dividends.
- Net income surged, portfolio value grew, and a higher dividend is proposed amid strong project activity.WARN
H2 2025 - Net income jumped 146.7% to CHF 19.8 million, with strong rental growth and stable dividends.WARN
H1 2025 - Rental income and capital base rose, while net profit fell due to revaluation losses.WARN
H1 2024 - Net profit up 44.1% to CHF 23.1m, equity ratio at 48.3%, and dividend stable at CHF 70 per share.WARN
H2 2024
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