Brederode (BREB) H1 2026 earnings summary

Executive summary

• Shareholders' equity per share reached €154.64, with total equity at €4,531.77 million as of June 30, 2026, up 9.2% year-to-date, despite a €1.46 per share distribution in May.

• Net income for the half-year was €347.64 million, the highest since 2021, driven by strong gains in both Private Equity (€58.10 million) and listed securities (€291.47 million).

• The listed portfolio benefited from AI-driven enthusiasm, while Private Equity gains were supported by dollar appreciation and recent fund vintages.

Financial highlights

• Shareholders' equity increased from €4,226.92 million at year-end 2025 to €4,531.77 million at June 30, 2026.

• Return on equity for the period was 7.9%, up from 3.0% in the prior year.

• Net income per share was €11.86, compared to €4.25 in the prior year.

• Total distribution to shareholders was €42.79 million.

Outlook and guidance

• Future results will depend on global economic trends, interest rates, and geopolitical factors.

• Private Equity strategy remains focused on selectivity and long-term value creation.

• Caution is advised in listed securities due to rapid valuation increases in AI-related sectors.