Scandinavian Investment Group (SIG) Q2 2025 earnings summary

Executive summary

• Net profit after tax for H1 2025 was DKK 5.9 million, with equity at DKK 197.1 million and a return on equity of 3.0%.

• Investments as of June 30, 2025, totaled DKK 289.9 million, mainly in properties, credit bonds, and equities.

• The company acquired 38 row houses in July, increasing total investments to DKK 354 million.

• All properties are fully let, and the company expanded into new business areas, including passive investments in mortgage deeds.

Financial highlights

• H1 2025 net profit after tax: DKK 5.9 million, down from DKK 9.5 million in H1 2024.

• Equity at period end: DKK 197.1 million (H1 2024: DKK 190.4 million).

• Return on equity: 3.0% (H1 2024: 5.0%).

• Net asset value per share: DKK 4.41 (diluted: DKK 4.35).

• Cash flow from operations: DKK 6.3 million.

Outlook and guidance

• Full-year 2025 return on equity guidance lowered to 6-8% (previously 10-15%), corresponding to net profit after tax of DKK 11-15 million.

• Long-term target remains 10-15% annual return on equity.

• Management expects continued market volatility due to geopolitical risks and fluctuating interest and currency rates.