Investors House (INVEST) Q4 2025 earnings summary

Executive summary

• Achieved record profitability in 2025 with a net profit of €4.6M, despite a significant drop from €8.6M in 2024, driven by the sale of Apitare Oy for €60M in June.

• Core business remained stable in Q4 2025, with the property segment smaller and the service segment turning profitable.

• Q4 2025 results exceeded expectations, with a profit of €0.4M and return on equity of 8.3%.

• Attained 'dividend aristocrat' status with the 10th consecutive annual dividend increase; extraordinary distribution of €3.14/share in September.

• Initiated structural transformation, preparing to split into two growth companies in 2026, with a focus on future growth and potential M&A.

Financial highlights

• Full-year 2025 profit was €4.6M, with Q4 profit at €0.4M.

• Full-year revenue was €8.4M, down 16% year-over-year; Q4 revenue was €1.8M, down 36%.

• Operating profit for 2025 was €5.1M, down from €12.0M in 2024.

• Q4 2025 property segment operating profit was €0.5M; service segment operating profit was €0.3M.

• Q4 2025 property utilization rate was 99%.

Outlook and guidance

• 2026 is expected to be a year of structural change, with a planned split into two growth companies and significantly lower earnings anticipated.

• The company targets an average ROE of 10% for 2024–2027.

• Growth and profitability for the two new entities are expected to materialize in 2027–2028.