Infracore (INFRAC) Q1 2026 earnings summary

Executive summary

• Interim consolidated financial statements for Q1 2026 reviewed with no exceptions noted; prepared under Swiss GAAP FER and Swiss law.

• Achieved solid Q1 2026 results, confirming robust business model and unique market positioning in Swiss healthcare real estate.

• Group operates exclusively in the healthcare real estate sector in Switzerland, specializing in hospital infrastructure with recurring rental income and high operational transparency.

• Portfolio consists of 47 properties across 19 locations, totaling 221,157 sqm and CHF 1.41 billion in value.

Financial highlights

• Total revenue for Q1 2026 was CHF 17.97 million, up from CHF 16.67 million in Q1 2025.

• Rental income rose 7.8% year-over-year to CHF 18.0 million in Q1 2026.

• EBITDA increased to CHF 16.7 million (92.7% margin), compared to CHF 15.23 million (91.4%) year-over-year.

• Net profit for the period was CHF 11.8 million, up from CHF 10.67 million year-over-year.

• Earnings per share (diluted and non-diluted) rose to CHF 1.01 from CHF 0.92 year-over-year.

Outlook and guidance

• Expects FY 2026 rental income of CHF 71–74 million and EBITDA of CHF 64–68 million before fair value adjustments.

• Plans to pay a dividend of approximately CHF 45 million for 2026.

• Growth trajectory supported by recent acquisitions and portfolio expansion.

• No significant seasonality effects expected; activity level is evenly spread throughout the year.

• No significant events or business transactions occurred during the period that would impact estimates or assumptions.