SWI Capital Holding (SWICH) H2 2024 earnings summary

Executive summary

• Consolidated financial statements cover the period from 27 August 2024 (incorporation) to 31 December 2024, audited by Deloitte, with an unqualified opinion under IFRS as adopted in the EU.

• The group underwent a major restructuring, consolidating global investments under a new Singapore holding company, and expanded across data centers, real estate, financial institutions, and alternative strategies.

• Notable acquisitions included land for data centers in Europe, a significant stake in a Luxembourg alternative investment fund, and expansion into banking and asset management.

Financial highlights

• Net profit for the period: €741.8 million; net profit attributable to owners: €516.8 million.

• Total revenues: €48.6 million, mainly from rental, management fees, and sales of goods.

• Gross profit: €48.5 million; profit from operations: €45.6 million.

• Significant fair value gain on investment property: €716.4 million; fair value gain on financial instruments: €97.4 million.

• Total assets: €1.72 billion; equity: €1.12 billion; cash and cash equivalents: €26.2 million.

• Deferred tax liabilities: €161.3 million, mainly from investment property revaluations.

Outlook and guidance

• Strategic focus on expanding data center and real estate platforms, with new acquisitions in Cambridge and Geneva post-period.

• Continued growth expected in 2025, with further investments in technology, infrastructure, and asset management.