Springvest (SPRING) H1 2026 earnings summary

Executive summary

• Focused on unlisted Finnish technology growth companies, with a portfolio exceeding 40 firms and a strategy of active ownership and value creation through financing rounds and exits.

• H1 2026 marked by portfolio growth, increased financing activity, and a significant rise in shareholder base to 3,721 (+162% year-over-year).

• Arranged €29.4M in growth funding (+21% year-over-year), with key rounds for Basemark, Desentum, and Cerenion.

• Achieved the lower end of the annual target for new portfolio company shares already in H1.

Financial highlights

• Revenue €3.3M (H1 2025: €3.0M), operating profit €0.5M (H1 2025: €0.6M), net profit €0.4M (H1 2025: €0.5M).

• Operating margin 15% (H1 2025: 21%).

• Net proceeds from portfolio exits €0.3M (H1 2025: €0.0M).

• Portfolio companies’ balance sheet value €28.2M (+13% year-over-year).

• Dividend of €0.15/share paid for FY2025; board authorized to pay up to €0.05/share more.

Outlook and guidance

• No revenue or operating profit guidance for 2026; focus is on long-term value creation via portfolio growth and quality.

• Targeting €5–7M in new portfolio company shares for 2026, with the lower bound already reached in H1.

• Aims to arrange €1B in growth funding by 2035 and own stakes in 100 Finnish tech companies.

• Dividend policy: distribute at least 80% of annual profit and exit gains, subject to financial position and capital requirements.