Park Street (PARKST) H1 2026 earnings summary

Executive summary

• EBVAT for H1 2026 rose to DKK 19.4 million from DKK 13.7 million year-over-year, driven by lower financial expenses despite reduced net sales due to property disposals.

• Profit for H1 2026 was DKK 16.9 million, slightly down from DKK 17.7 million in H1 2025, mainly due to negative fair value adjustments and higher tax.

• Strategic focus continued on core assets and technology-driven property management, with the sale of non-core property Hersegade 23, Roskilde.

Financial highlights

• Net sales for H1 2026 were DKK 71.7 million, down from DKK 73.7 million in H1 2025.

• Gross profit was DKK 49.2 million, compared to DKK 53.3 million in H1 2025.

• Operating profit (EBIT) reached DKK 39.5 million, down from DKK 44.7 million year-over-year.

• Cash flows from operations improved to DKK 18.9 million from DKK 2.7 million in H1 2025.

• Liquid assets at 30 June 2026 stood at DKK 20.8 million.

Outlook and guidance

• Full-year 2026 EBVAT guidance revised to DKK 45-50 million from DKK 50-55 million, reflecting one-off settlement and structuring costs.

• H2 2026 expected to benefit from operational optimisation and further property disposals, with one-off costs not expected to recur.