Eurocastle Investment (ECT) Q2 2026 earnings summary

Executive summary

• Adjusted NAV rose to €15.2 million (€15.19/share) as of 30 June 2025, up from €11.1 million (€11.43/share) at Q1 2025, driven by the release of Liquidation Reserves and strengthened financial position under the New Investment Strategy.

• IFRS NAV stood at €21.2 million (€21.19/share), slightly down from €22.0 million (€22.01/share) at Q1 2025.

• All resolutions at the 2025 AGM were approved, and 3,000 new shares were issued to independent directors as compensation.

Financial highlights

• Adjusted NAV increased by €3.76/share due to the release of €4.6 million in Liquidation Reserves and new capital commitments.

• Net corporate cash was €15.2 million, available for new investments.

• Loss for H1 2025 was €864,000 (€0.86/share); Q2 2025 loss was €822,000 (€0.82/share).

• EPIF investment contributed €1.8 million to NAV, with an 8% NAV increase relative to capital called.

Outlook and guidance

• The Board anticipates further growth of the investment platform, with EPIF targeting €100 million in commitments and an active pipeline exceeding €50 million.

• Forward-looking statements highlight risks related to asset disposals, investment opportunities, and performance.