Investors House (INVEST) Q2 2026 earnings summary

Executive summary

• H1 2026 net result was €0.0M, down from €3.8M in H1 2025, mainly due to the absence of one-off gains from prior year asset sales and the impact of non-recurring items (€0.1M negative effect).

• Q2 2026 net result was €0.2M, compared to €3.5M in Q2 2025, which included a significant gain from the sale of Apitare Oy.

• 2026 is described as a year of structural change, with full impact expected in 2028.

• Strategic targets for 2025–2027 remain unchanged, focusing on growing dividends, 10% ROE over time, and at least 45% equity ratio.

• CEO transition: Jukka Akselin appointed as CEO in April 2026.

Financial highlights

• H1 2026 revenue was €2.9M, down 43% year-over-year; Q2 2026 revenue was €1.4M, down 41%.

• H1 2026 net rental income was €0.9M, down 64% year-over-year.

• Q2 2026 result was €0.2M, down from €3.5M in Q2 2025.

• Dividend of €0.37 per share for 2026, paid in two installments, marking the 11th consecutive year of dividend growth.

• Equity decreased to €17.5M from €39.7M due to large dividend and capital repayments in 2025.

Outlook and guidance

• Guidance for 2026 remains unchanged; full-year result expected to be significantly weaker than the strong 2025 result.

• Profit is expected to grow in the second half but remain well below the previous year.

• The company targets an average 10% ROE for 2024–2027.

• Growth is expected to resume in 2027 and results to materialize in 2028.