Value8 (VALUE) H1 2025 earnings summary

Executive summary

• Net profit for the first half of 2025 was €6.3 million, down from €8.9 million in the same period last year.

• Operating income decreased to €9.99 million from €8.88 million year-over-year.

• Net asset value per share increased to €10.24 as of 30 June 2025, up from €9.86 at year-end 2024.

• The company maintains investments in both private equity and listed companies, with a diversified portfolio.

Financial highlights

• Total assets rose to €117.2 million as of 30 June 2025, compared to €110.0 million at 31 December 2024.

• Equity attributable to shareholders increased to €108.9 million from €103.0 million at year-end.

• Earnings per share for H1 2025 were €0.64, down from €0.91 in H1 2024.

• Cash and cash equivalents improved to €3.5 million from €1.7 million at the start of the year.

• Dividend payments included €0.075 per cumulative preference C share for each of the first two quarters.

Outlook and guidance

• The board highlights ongoing risks and uncertainties for the remainder of 2025 but affirms a fair view of the company's position.