Investors House (INVEST) Q2 2025 earnings summary

Executive summary

• H1 2025 net profit was €3.8M, down from €6.6M in H1 2024, but still strong for the sector.

• Return on equity reached 17.6% for H1 2025.

• Equity ratio stood at 66% (or 65.4%) as of Q2 2025, strengthened by the Apitare Oy sale.

• Board is preparing to split into two or three focused companies by 2026, aiming to replicate previous growth and distribute additional assets to shareholders.

• Achieved 10 consecutive years of dividend growth, with total distributions of €46M from 2015–2025, including a proposed €3.14/share special return.

Financial highlights

• H1 2025 profit was €3.8M, with revenue rising 9% year-over-year to €5.1M.

• Q2 2025 profit was €3.5M, the second-best Q2 in company history.

• H1 net profit dropped 42% year-over-year; Q2 net profit down 40% year-over-year.

• Equity ratio improved to 65.4% from 46.4% year-over-year.

• Cash and receivables at period end equaled 75% of market capitalization.

Outlook and guidance

• 2025 full-year profit expected to be significantly weaker than 2024, but roughly in line with H1 2025.

• Return on equity target for 2024–27 is 10% p.a.; H1 2025 achieved 17.6%.

• Plans to create two or three new growth-oriented companies post-2026, with asset distributions to shareholders.