Warteck Invest (WARN) H2 2025 earnings summary

Executive summary

• Net income excluding revaluation rose 20% year-over-year to CHF 26.4 million, with total net income up 93.5% to CHF 44.7 million, driven by a significant revaluation gain.

• EBIT increased 59.8% year-over-year to CHF 57.4 million, reflecting strong operational performance.

• The real estate portfolio expanded to 68 properties across 11 cantons, with a market value of CHF 1,062.7 million as of year-end.

• Dividend per share proposed at CHF 72.00, up from CHF 70.00.

Financial highlights

• Rental income grew 1.1% year-over-year to CHF 45.0 million (like-for-like basis).

• EBIT excluding revaluation effect rose 4.6% to CHF 35.5 million.

• Equity ratio improved to 49.4% from 48.3% year-over-year.

• Net asset value per share increased to CHF 1,748.

Outlook and guidance

• Focus on maintaining a high-quality, diversified portfolio with robust earnings power.

• Continued expansion of residential share and targeted project pipeline investments.

• Solid equity base and active financial management to mitigate interest rate risks.

• Ongoing commitment to attractive, tax-privileged dividend policy.

• ESG measures to be consistently implemented as part of the sustainability strategy.