Investeringsselskabet Luxor (LUXOR) Q1 25/26 earnings summary

Executive summary

• Basis earnings for Q1 2025/26 were DKK 12.0 million, down from DKK 14.0 million year-over-year.

• Profit before tax was DKK 13.4 million, compared to DKK 14.0 million in the prior year.

• Net income for the quarter was DKK 10.4 million, versus DKK 10.9 million year-over-year.

• Total assets stood at DKK 952.4 million at quarter-end.

Financial highlights

• Revenues for Q1 were DKK 25.1 million, slightly down from DKK 26.2 million year-over-year.

• Earnings per share (EPS) for the quarter were DKK 10.41, compared to DKK 10.89 last year.

• Return on equity annualized at 11.10%, up from 9.61% year-over-year.

• Equity ratio was 39.93%, down from 48.55% in the prior year.

• Financial gearing increased to 1.43 from 1.00 year-over-year.

Outlook and guidance

• Expected basis earnings for 2025/26 are DKK 40 million, unchanged from the previous guidance.

• Lower expected basis earnings versus 2024/25 due to anticipated lower gains on property loans, higher financing costs, and reduced property maintenance expenses.

• Mark-to-market adjustments on swaps and financial assets are excluded from basis earnings and would have a negative DKK 0.3 million impact on pre-tax profit as of February 18, 2026.