Mobimo (MOBN) H1 2025 earnings summary

Executive summary

• Achieved significantly higher profit in H1 2025, with strong results from development projects, trading property sales, and stable net rental income.

• Acquisition of EMWE Holding LTD/Immobilien AG adds high-quality Zurich residential assets, expanding the portfolio and future rental income.

• Real estate portfolio value increased to CHF 3.9 billion as of 30 June 2025, reflecting positive market momentum and successful project completions.

• Board adjusted investment guidelines to allow up to 50% of income from residential properties, focusing strategically on housing.

• Inclusion in STOXX Europe 600 index in June 2025 highlights growth and market recognition.

Financial highlights

• Net rental income stable at CHF 62.5 million; like-for-like rental growth of 2.2% year-over-year.

• Net income from development projects and trading property sales surged 90.5% to CHF 24.6 million year-over-year.

• Net valuation gain of CHF 71.6 million, up 225.6% year-over-year, driven by lower discount rates and project progress.

• EBIT reached CHF 144.5 million (up 73.6% year-over-year); profit CHF 109.7 million (up 67.3% year-over-year).

• Earnings per share CHF 15.13 (CHF 7.10 excluding revaluation), up 67.4% year-over-year.

Outlook and guidance

• Rental income for 2025 expected slightly below 2024, but boosted by EMWE acquisition.

• Vacancy rate for the overall portfolio projected around 4%.

• Net income from development and trading property sales anticipated to remain above 2024 levels.

• Continued investment in residential segment planned, focusing on easing housing shortages and leveraging positive market sentiment.

• Expansion of photovoltaic systems, with 11 new systems operational by year-end.