Titanium (TITAN) H1 2026 earnings summary

Executive summary

• Completed the foundation for comprehensive wealth management, including organizational restructuring and unified operating models.

• Significant investments in personnel, commercial capabilities, and digital systems to support growth.

• New CEO appointed in April 2026 during a major development phase.

Financial highlights

• Fee income for H1 2026 was €9.4M, down 4.2% year-over-year.

• EBIT was €2.6M, a 25.3% decrease year-over-year; EBIT margin at 27.9% (down from 35.8%).

• Net profit for the period was €1.9M, down 28.6% year-over-year.

• Operating cash flow was €1.5M, compared to €1.7M in H1 2025.

• Equity ratio improved to 84.1%; net gearing at -63.9%.

Outlook and guidance

• Major development investments expected to ease in H2, reducing cost base.

• Long-term targets: average annual fee income growth of 10–15%, EBIT margin above 40%, and significant share of assets in new products and customer segments.

• Dividend policy aims to distribute at least 70% of annual profit, considering capital adequacy.