Investeringsselskabet Luxor (LUXOR) Q2 24/25 earnings summary

Executive summary

• Basis earnings for the half-year reached DKK 25.6 million, up from DKK 21.9 million year-over-year, driven by higher financing income and lower financing costs.

• Result before tax for the half-year was DKK 27.1 million, compared to DKK 12.9 million in the prior year.

• The company operates with a flexible investment strategy focused on interest-bearing securities and real estate.

Financial highlights

• Revenue for the half-year was DKK 51.8 million, nearly flat year-over-year.

• Net income for the half-year was DKK 21.1 million, up from DKK 10.0 million year-over-year.

• Earnings per share (EPS) for the half-year were DKK 21.12, compared to DKK 9.99 last year.

• Equity at period end was DKK 344.0 million, down from DKK 396.6 million a year earlier, mainly due to dividend payout.

• Financial gearing increased to 1.70 from 1.45 year-over-year.

Outlook and guidance

• Basis earnings for the full year 2024/25 are expected at DKK 44 million, following an upward revision from DKK 37 million.

• The upgrade is attributed to increased financing income, better-than-expected net gains from property loans, and lower financing costs.

• Mark-to-market adjustments on swaps and financial assets are expected to impact pre-tax results by DKK 1.0 million for the year.