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Immobel (IMMO) investor relations material
Immobel H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a net profit of €31.5 million in H1 2025, reversing a €89.1 million loss in H1 2024, driven by strong project commercialization and key asset sales.
Operating income rose to €149 million (external view), up from €114 million in H1 2024, with residential developments and project launches as main contributors.
Over 588 residential units sold in H1 2025, progressing toward a 2025 target of 900+ units.
Major transactions included the sale of the Sainctelette office building and all office and retail units in Brussels, with post-closing sales expected to further boost H2 2025 results.
Red Bull and Brunello Cucinelli established flagship locations in Paris properties; construction started on Kiem2050 in Luxembourg.
Financial highlights
Net result: €31.5 million profit in H1 2025 vs. €-89.1 million loss in H1 2024.
Operating income: €149 million (external), €211 million (internal), up from €114 million and €137 million respectively in H1 2024.
Result before financial result and taxes: €26 million, up from €-88 million in H1 2024.
Impairments limited to €-1.7 million, down from €-86 million in H1 2024.
Annualized rental income exceeds €8 million, on track for €16 million in 2025.
Outlook and guidance
FY2025 revenues expected at the upper end of €300–400 million guidance.
Over 900 residential unit sales targeted for 2025, with 588 sold in H1.
Permits for projects with GDV of €200–400 million are on track, mainly in Luxembourg and Germany.
Early signs of market improvement support continued efforts for sustainable, long-term value creation.
- TimeTickerHeadlineOpen
- 6 FebSCW
Q2 2025 revenue surged 120% y/y, driven by a record Asian contract and a tripled backlog. - 6 FebSCW
Q1 2025 revenue jumped 97% year-over-year, with strong backlog and major new contracts secured. - 6 FebSCW
Q3 revenue up 39% y/y, backlog at 58.3 mln PLN, Space leads growth with global contracts. - 6 FebGHM
Q3 FY26 delivered 21% revenue growth, record backlog, and raised full-year guidance. - 6 FebPENG
All proposals passed, with no questions raised and results to be filed on Form 8-K. - 6 FebJKHY
Record revenue and net income growth drive raised guidance and strong segment performance. - 6 FebMGY
Record production, strong free cash flow, and disciplined capital returns defined 2025. - 6 FebQNST
Record Q2 revenue, $50.2M net income, HomeBuddy acquisition, and AI drive growth. - 6 FebOPGN
Shareholders will vote on seven key proposals, including a new equity plan and company name change. - 6 FebCDP
2025 FFO/share up 5.8% with strong leasing; 2026 outlook positive amid record defense spending.
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