EPIC Suisse (EPIC) Q2 2026 earnings summary

Executive summary

• Rental income increased by 4.0% year-over-year to CHF 34.7 million in H1 2026, driven by new developments and reduced vacancy rates.

• Achieved a significant one-off gain from the sale of Vennes III in Lausanne for CHF 51.1 million, 23% above its last valuation, generating a CHF 9.4 million gain.

• Portfolio market value at 30 June 2026 was CHF 1.67 billion, with a well-diversified regional and sector allocation.

• Net unrealised revaluation gain of CHF 13.8 million, matching H1 2025.

• Focus remains on sustainable, mid- to long-term growth and consolidation of lettings in new developments.

Financial highlights

• Net profit for H1 2026 reached CHF 39.8 million, up from CHF 30 million in H1 2025.

• Adjusted profit (excluding disposal and unrealised revaluation) was CHF 22.0 million, up 7.5% year-over-year.

• EBITDA (excluding disposal and unrealised revaluation) increased to CHF 28.1 million, up 4.8% year-over-year.

• Net operating income grew to CHF 32.0 million, with NOI margin at 89%.

• Dividend per share increased to CHF 3.20, totaling CHF 35.9 million paid in April 2026.

Outlook and guidance

• Rental income growth guidance for full year 2026 revised upward to approximately 1.5% year-over-year.

• Focus remains on letting up recently completed developments and advancing the project pipeline.

• Market volatility and geopolitical risks remain key uncertainties.