PARKEN Sport & Entertainment (PARKEN) Q2 2025 earnings summary

Executive summary

• High activity across all business units in H1 2025, with significant development projects at Lalandia and strong sports achievements for F.C. København.

• Lalandia expanded its Billund facility and continued construction of holiday apartments in Søndervig, all of which are sold.

• F.C. København's men's team won both the Superliga and the cup, while the women's team achieved promotion.

• Parken Ejendomme maintained near-zero vacancy in its office towers.

Financial highlights

• Revenue for H1 2025 was DKK 645.5 million, up DKK 12.4 million year-over-year.

• Result before tax was DKK -91.8 million, compared to DKK 38.8 million in H1 2024.

• Net result was DKK -71.6 million, down from DKK 30.3 million in the prior year.

• Operating cash flow was DKK 47.4 million, a significant decrease from DKK 232.5 million in H1 2024.

• Net interest-bearing debt increased to DKK 1,329.5 million from DKK 1,063.7 million at year-end 2024.

Outlook and guidance

• Full-year 2025 guidance maintained: revenue expected at DKK 1,600–1,700 million and pre-tax profit at DKK 100–150 million, assuming F.C. København qualifies for and participates in the UEFA Europa League League Phase.