SWI Capital Holding (SWICH) H1 2025 earnings summary

Executive summary

• Net profit for the six months ended 30 June 2025 was €487.0 million, with total revenues of €20.1 million, driven by management fees and rental income.

• Major investments and acquisitions in data center development land in the UK and Switzerland, and increased power capacity for projects in Italy and Spain.

• Significant equity increase through capital contributions and retained earnings, with total equity rising to €1.79 billion.

• No comparative figures for the prior year due to recent incorporation in August 2024.

Financial highlights

• Total revenues: €20.1 million, mainly from management fees (€17.0 million) and rental income (€1.0 million).

• Net profit: €487.0 million; EPS (basic and diluted): €0.82.

• Gross profit: €19.97 million; profit from operations: €15.26 million.

• Adjusted for fair value gains on investment property (€598.7 million) and financial instruments.

• Net cash flows from operating activities: €9.7 million; net cash outflow from investing: €(114.3) million; net cash inflow from financing: €95.8 million.

Outlook and guidance

• Post-period events include further acquisitions in Switzerland and the UK, increased control in key joint ventures, and additional power secured for data center projects.

• Total assets expected to increase by approximately €1.2 billion due to consolidation of new subsidiaries and joint ventures.