Papirfabrikken Invest (PFINV) H1 2026 earnings summary

Executive summary

• Net profit before tax for H1 2026 was DKK 7.3 million, down from DKK 13.3 million in H1 2025, in line with expectations and considered satisfactory by management.

• Revenue increased by 12% year-over-year to DKK 41.4 million, driven by both property and hotel/conference segments.

• Total assets as of June 30, 2026, were DKK 779.1 million, with equity at DKK 421.2 million.

Financial highlights

• EBIT for H1 2026 was DKK 15.6 million, nearly flat compared to DKK 15.1 million in H1 2025.

• Net profit for the period was DKK 5.2 million, down from DKK 9.9 million in H1 2025.

• Cash flow from operations was DKK 0.98 million, with total cash flow positive at DKK 5.6 million.

• Investment property fair value adjustments contributed DKK 2.6 million, down from DKK 4.7 million last year.

Outlook and guidance

• Full-year 2026 guidance remains unchanged: pre-fair value adjustment and pre-tax profit expected between DKK 10–20 million, with revenue in the DKK 77–82 million range.

• Associated company Silkeborg IF A/S is expected to contribute between DKK -5 million and 0 to results, reflecting volatility in sports and transfer income.