Copenhagen Capital (CPHCAP) Q4 2025 earnings summary

Executive summary

• Delivered stable growth in 2025, with significant increases in revenue, EBIT, and equity compared to 2024.

• Continued focus on value creation for shareholders, achieving an average annual return of 16% over 10 years.

• Strategic portfolio development with new investments and ongoing property transformations.

Financial highlights

• Revenue for 2025 reached DKK 58.4 million, up from DKK 49.6 million in 2024.

• EBIT increased to DKK 40 million in 2025 from DKK 34.3 million in 2024.

• EBVAT for 2025 was DKK 18.7 million, up from DKK 16.9 million in 2024.

• Balance sheet total rose to DKK 1,450 million, and equity increased to DKK 583 million.

• Portfolio value at year-end 2025 was DKK 1,445 million, with a loan-to-value (LTV) ratio of 49.99%.

Outlook and guidance

• 2026 EBVAT expected at DKK 24–27 million.

• Property value adjustments projected at DKK 25–40 million for 2026.

• Pre-tax profit guidance for 2026 is DKK 49–67 million.

• 2028 targets: EBVAT DKK 30 million, investment properties DKK 1,500 million, LTV 50%, equity per share above DKK 10.