Corestate Capital (CCAP) Q2 2026 earnings summary

Executive summary

• Asset disposal program proceeds for 2026 revised down from €61.8m to €46.5m due to timing shifts and price adjustments.

• Proceeds for 2027 increased by €4.6m to €69.3m, mainly from postponed sales.

• Total expected proceeds through 2027 decreased by €10.7m (4.8%) to €212.3m.

• Partial redemption of Super Senior Notes in July 2026 amounted to €4.8m; further August redemption canceled.

• Full repayment of remaining €22.7m Super Senior Notes now planned for end of 2026.

Financial highlights

• €11.1m received from Giessen in Q2 2026 and €2.1m in Q3; €6.6m from other financial instruments in Q3.

• 2023 and 2024 asset sales totaled €29.3m and €38.9m, respectively.

• 2025 sales declined to €28.3m due to legal disputes and project postponements.

Outlook and guidance

• Asset disposal program continues with focus on value preservation and debt repayment.

• Liquidity forecast shows repayment plans remain on track despite timing shifts.