Investors House (INVEST) Q1 2026 earnings summary

Executive summary

• Q1 2026 result was -0.2 M€ compared to 0.4 M€ in Q1 2025, impacted by one-off items, property taxes, and completed transactions totaling -0.3 M€.

• The Apitare sale in June 2025 reduced recurring income, and Q4 2025 is a better indicator for future quarters.

• The year 2026 is described as a year of structural change, with a focus on reorganizing and divesting the fund management business.

• Dividend proposal of 0.37 €/share marks the 11th consecutive year of dividend growth.

• New CEO Jukka Akselin appointed as of April 14, 2026.

Financial highlights

• Revenue for Q1 2026 was 1.49 M€, down 45.3% year-over-year.

• Net income for Q1 2026 was -221 K€, compared to 361 K€ in Q1 2025.

• Net operating cash flow was -1.8 M€ in Q1 2026, compared to 378 K€ in Q1 2025.

• Equity ratio improved to 52.9% from 49.7% a year earlier.

• EPS for Q1 2026 was -0.03 €, down from 0.03 € in Q1 2025.

Outlook and guidance

• 2026 result is expected to be significantly weaker than the strong 2025 result.

• 2026 is a transition year; 2027 is expected to be a year of new growth, with full results visible in 2028.

• No new growth projects decided yet; service business requires reorganization.