Compagnie du Cambodge (CBDG) H1 2026 earnings summary

Executive summary

• Consolidated revenue for H1 2026 reached €70.0 million, up from €66.2 million in H1 2025, mainly due to growth at Groupe IER.

• Operating loss improved to -€7.9 million from -€9.5 million year-over-year, reflecting better performance at Groupe IER.

• Net financial result declined 24% to €31.7 million, impacted by lower interest income.

• Net income attributable to the group was €16.0 million, down from €20.7 million in H1 2025; total net income was €20.0 million, down from €26.2 million.

• Equity increased by €331 million, mainly from fair value adjustments on portfolio holdings.

Financial highlights

• Revenue: €70.0 million (+5.7% year-over-year).

• Operating income: -€7.9 million (vs. -€9.5 million in H1 2025).

• Net financial result: €31.7 million (vs. €41.5 million in H1 2025).

• Net income: €20.0 million (vs. €26.2 million in H1 2025); group share: €16.0 million (vs. €20.7 million).

• Basic and diluted EPS: €0.27 (vs. €0.34 in H1 2025).

Outlook and guidance

• Exceptional interim dividend of €13 per share, totaling €789 million, to be paid on October 7, 2026, following upstream distributions from parent entities.

• Group expects continued exposure to market volatility and interest rate changes in H2 2026.