UIE (UIE) Q2 2025 earnings summary

Executive summary

• Net profit for H1 2025 reached USD 61.6 million, up 23% year-over-year, driven by strong results from UP and positive fair value adjustments in Schörling and Greenbridge.

• Operating income increased to USD 62.4 million, a rise of USD 11.0 million from H1 2024.

• Portfolio companies—UP, Schörling, and Greenbridge—delivered solid operational and financial performance despite market volatility.

Financial highlights

• Net profit for H1 2025: USD 61.6 million, up from USD 50.2 million in H1 2024.

• Net asset value per share as of 30 June 2025: DKK 398.6.

• Shareholders’ equity increased to USD 738.3 million from USD 682.9 million at year-end 2024.

• Market value of assets as of 30 June 2025: USD 1,958 million.

• Cash and liquid assets rose to USD 105.5 million, up USD 29.4 million from year-end 2024.

Outlook and guidance

• Anticipates materially higher net profit in 2025 compared to 2024, supported by UP’s strong performance and positive fair value change in Schörling.

• Outlook remains dependent on UP’s results, fair value adjustments in Schörling and Greenbridge, and global market conditions.

• UP expects satisfactory performance for 2025 despite cost pressures and market uncertainties.

• Board maintains a cautiously optimistic view for Greenbridge’s future valuation.