SCP Standard Capital Partners (CAP) H2 2025 earnings summary

Executive summary

• Strategic realignment in 2026 to broaden investment focus beyond creative industries, maintaining core activities in film and AI-driven content as investments.

• 2025 marked a shift from production to exploitation, with major releases including DER TIGER, NO HIT WONDER, and DAS LEBEN DER WÜNSCHE, and the second season of ASBEST.

• Revenue reached EUR 23.0 million, within forecast, with EBIT at EUR -0.9 million, reflecting high scheduled amortization from prior years' capitalized production costs.

• Financial stability improved through bond conversions and a capital increase in kind, raising the consolidated equity ratio and providing greater flexibility.

Financial highlights

• Revenue for 2025: EUR 22,989 thousand (2024: EUR 4,160 thousand), within the forecasted range.

• EBIT improved to EUR -909 thousand (2024: EUR -3,341 thousand), within the adjusted forecast.

• Total operating revenue: EUR 27,154 thousand (2024: EUR 5,388 thousand), exceeding minimum guidance.

• Consolidated equity increased to EUR 7,044 thousand (2024: EUR -763 thousand); equity ratio rose to 11.8% (2024: -1.1%).

• Cash and cash equivalents rose to EUR 51,559 thousand (2024: EUR 44,295 thousand).

Outlook and guidance

• Revenue for 2026 expected between EUR 6 million and EUR 9 million; total operating revenue plus other income at least EUR 6.5 million.

• EBIT for 2026 forecasted between EUR -3.7 million and EUR -2.5 million.

• Strategic goal is to broaden the investment portfolio and reduce dependence on individual projects, aiming for more stable and sustainable profitability.