Piippo (PIIPPO) H1 2026 earnings summary

Executive summary

• Operational business ceased during the period, with improved results due to capital gains from asset sales.

• Revenue dropped sharply to €838k from €6.3m year-over-year as business wound down.

• Operating profit turned positive at €1.89m, compared to a loss of €522k in the prior year, driven by asset sales.

• Net result for the period was €2.18m, up from a loss of €681k year-over-year.

• All major assets except one industrial property have been sold; company is preparing for delisting and liquidation.

Financial highlights

• Revenue for H1 2026 was €838k, down from €6.3m year-over-year.

• Operating profit (EBIT) was €1.89m, up from a loss of €522k year-over-year.

• Net profit was €2.18m, compared to a loss of €681k year-over-year.

• EPS was €1.69, up from -€0.53 year-over-year.

• Cash at period end was €2.89m, up from €155k year-over-year.

Outlook and guidance

• No new business planned; all key assets sold except one property.

• Company aims to sell or lease the remaining industrial property.

• Delisting from Nasdaq First North Growth Market Finland to occur after June 29, 2026.

• Plans to liquidate parent company and distribute assets to shareholders after property sale and delisting.

• No specific guidance on revenue or profit for the remainder of the fiscal year.