INVL Baltic Farmland (INL1L) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 reached EUR 451 thousand, up from EUR 427 thousand in the same period of 2025, with net profit at EUR 243 thousand, nearly unchanged year-over-year.

• The company owns and manages about 3,000 hectares of agricultural land in Lithuania, with 99% rented to farmers and agricultural companies.

• Dividend of EUR 0.12 per share was approved and paid in May 2026, consistent with prior years.

Financial highlights

• Operating profit for H1 2026 was EUR 298 thousand, compared to EUR 290 thousand in H1 2025.

• Total assets as of 30 June 2026 were EUR 23,916 thousand, with consolidated equity at EUR 20,027 thousand.

• Investment property value increased to EUR 23,326 thousand, up 2.6% year-over-year.

• Basic and diluted EPS for H1 2026 was EUR 0.08, unchanged from H1 2025.

• Cash and cash equivalents stood at EUR 82 thousand at period end.

Outlook and guidance

• Full-year 2026 revenue is forecast at EUR 940 thousand, with net profit expected around EUR 440 thousand.

• H1 2026 revenue and net profit represent 48% and 55% of the full-year forecast, respectively.