Valartis Group AG

Latest Results (25.12.2025):

Valartis Group AG – first half (H1) 2025 (covering Q1–Q2 2025): the Group reported a solid half‑year result with a net profit of CHF 8.6 million (CHF 8.6m in H1 2024), EBITDA of CHF 3.03 million and EBIT of CHF 3.22 million. Total operating income was CHF 7.09 million. The net finance result improved to a gain of CHF 5.55 million (driven by CHF 11.87m financial income including a CHF 5.8m FX gain, partly offset by CHF 6.32m financial expenses). Balance sheet equity rose to CHF 101.6 million (equity ratio 72.5%), while cash and cash equivalents fell to CHF 10.52 million at 30 June 2025.

Key profit & loss figures

Total operating income: CHF 7,089k (H1 2024: CHF 7,137k). EBITDA: CHF 3,025k (H1 2024: CHF 3,258k). EBIT: CHF 3,221k (H1 2024: CHF 4,182k). Net result (continued operations): CHF 8,600k, of which CHF 8,582k attributable to Valartis Group AG shareholders.

Finance result driving net profit

Net finance result: +CHF 5,545k (H1 2024: +CHF 4,315k). Financial income CHF 11,865k included a CHF ~5.8m foreign‑exchange gain on investment property and non‑current receivables; financial expenses increased to CHF 6,320k (notably termination of a derivative contract, partly offset by a renegotiation gain).

Associated companies & property income

Share of results of associated companies fell to CHF 1,633k (H1 2024: CHF 3,988k), with a smaller contribution vs prior year. Income from investment property increased ~21% to CHF 2,132k, reflecting higher rental income.

Costs and operating items

Administrative expenses rose 5% to CHF 4,064k (personnel CHF 2,295k; general CHF 1,769k). Valuation adjustments/provisions in the period were modest (net +CHF 196k on the P&L line shown as part of depreciation/valuation adjustments/provisions).

Balance sheet and capitalization

Total assets: CHF 140.08m (31.12.2024: CHF 139.17m). Total shareholders’ equity: CHF 101.59m (31.12.2024: CHF 90.99m), equity ratio improved to 72.5% (from 65.4%). Non‑current assets increased to CHF 100.57m.

Cash flow and liquidity

Cash and cash equivalents declined to CHF 10.52m (from CHF 15.06m at year‑end 2024). Net cash used in operating activities: CHF 1.21m. Net cash used in investing activities: CHF 3.17m (incl. shipping investments). Financing cash flow was small outflow: CHF 0.30m.

Per‑share & market data

Outstanding shares: 3,023,295. Undiluted EPS (H1 2025): CHF 3.03. Equity per share: CHF 36.03 (31.12.2024: CHF 32.30). Closing VLRT share price at period end: CHF 12.00.

Operational notes, events & outlook

Staff: 33.8 FTE (31.12.2024: 36.1). Group continued selective investments in shipping (acquired 50% stake in a second‑hand heavy‑lift multipurpose vessel; ongoing construction of a new mid‑size multipurpose vessel) and supported EPH asset management and redevelopment projects (e.g., Trois Couronnes hotel). A Group subsidiary was liquidated in March 2025, releasing a CHF 2.0m liability. No significant events after the balance sheet date. Outlook: management remains focused on shipping and domestic real‑estate investments while noting macro and sanction‑related risks in some operating areas.