Alexandria Group (ALEX) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €32.0M, up 23.9% year-over-year, with EBIT at €9.1M, more than doubling from H1 2025, and net profit rising to €6.6M.

• Assets under management (AUM) increased to €2.5B, up from €2.1B a year earlier.

• Customer satisfaction hit a record NPS of 77.

• Strong performance in structured investment products and investment funds, with notable awards for investment success in Europe and the Nordics.

• Updated strategy targets doubling AUM and maintaining an EBIT margin above 25% by 2030, with at least 80% of annual profit distributed as dividends.

Financial highlights

• EBITA for H1 2026 was €9.4M, up from €4.7M in H1 2025; EBIT reached €9.1M from €4.4M.

• ROE improved to 38.8% (from 20.4%), ROA to 25.2% (from 13.8%), and the equity ratio was 61.5%.

• EPS increased to €0.60 from €0.27; adjusted EPS (excluding goodwill amortization) was €0.63.

• Net cash from operations was €11.7M, with €4.4M paid in dividends during the period.

• AUM rose by €0.4B year-over-year, with investment funds and structured products both contributing.

Outlook and guidance

• Profitability is expected to remain favorable for the rest of the year, with full-year results projected to exceed last year.

• Strategic focus on accelerating profitable growth, expanding recurring fee business, and increasing share of client assets.