EgnsINVEST Ejendomme Tyskland (EGNETY) Q2 2025 earnings summary

Executive summary

• Achieved a pre-tax profit of DKK 15.9 million for H1 2025, with DKK 7.4 million from fair value adjustments in Q2.

• Net profit after tax for H1 2025 was DKK 13.2 million.

• Book value per share increased by 1.02% to DKK 261.84 in Q2.

• Share price rose 33.09% in Q2, ending at DKK 185.

• Vacancy rates remain low: 0.67% for residential and 5.81% for commercial, totaling 1.21%.

Financial highlights

• Revenue for H1 2025 was DKK 29.8 million, down 0.75% year-over-year despite a property sale.

• Operating profit (EBVAT) for H1 2025 was DKK 6.9 million, up from DKK 5.0 million in H1 2024.

• Net profit per share after tax was DKK 5.61 for H1 2025.

• Investment properties valued at DKK 1,436 million as of June 30, 2025.

• Equity at period end was DKK 620 million.

Outlook and guidance

• Management expects full-year 2025 EBVAT in the range of DKK 14.0–17.0 million, assuming current interest rates.

• Focus remains on rent increases and negotiating higher prices for new commercial leases.

• Positive market outlook for Berlin, with strong demand for centrally located residential properties.