Gimv (GIMB) H1 2026 earnings summary

Executive summary

• Achieved a 9.4% portfolio return in H1 2026 (18.8% annualized), surpassing the 17.5% target.

• Net profit reached €148.4m (or €4 per share), driving a 7.5% increase in net equity value per share to €57.2.

• Portfolio value expanded to €2.4bn, a record high and 50% above early 2025 levels.

• Two new investments (Azelis & Cap Vert) and two exits (ALT Technologies & AlpenBlu Clinics) completed.

• Continued focus on digital and AI transformation, with a new Chief Digital Transformation role established.

Financial highlights

• Net profit for H1 2026 was €148.4m, up from €85.8m in H1 2025.

• Portfolio return of 9.4% for H1 2026 (annualized 18.8%).

• Net equity value per share rose to €57.2, up 7.5% in six months.

• Portfolio result for H1 2026 was €198.8m.

• Investments totaled €134m; exit proceeds €42m; available liquidity at €531.4m, with €131.4m in cash.

Outlook and guidance

• Targeting to double portfolio size by 2030.

• Portfolio return target increased to 17.5%.

• Sustained focus on value creation, digital transformation, and sustainability to accelerate growth.

• Portfolio expected to exceed €2.5bn with pending acquisitions.

• No interim dividend planned; continued investment in growth and innovation.