Readcrest Capital AG increased its consolidated revenue by 1.6% to EUR 65.3 million in the first half of 2026, up from EUR 64.3 million in the same period last year. Including a gain of EUR 29.4 million from the sale of its U.K. care home business, net income for the period rose to EUR 24.9 million, compared to EUR 0.4 million a year earlier. Earnings per share reached EUR 0.71, up from EUR 0.01.
The revenue was almost entirely generated by home care services in the U.K., which benefited from increases in local authority hourly rates effective April 1, 2026, as well as from acquisitions made since November 2025. The sale of the U.K. care home business was completed on April 17, 2026, resulting in a net cash inflow of GBP 38.5 million (EUR 44.3 million). Bank loans of GBP 30.0 million (EUR 34.4 million) were repaid using the proceeds. Together with the conversion of a portion of the mandatory convertible bond amounting to EUR 16.4 million, net financial liabilities decreased from EUR 180.1 million to EUR 123.5 million. Cash and cash equivalents doubled to EUR 20.3 million.
After the balance sheet date, the Group expanded its home care business through three additional acquisitions in England and Scotland. In addition, the Company established a third business division for light industrial real estate in Germany by acquiring a majority stake in RC Industrie Immobilien SE. Neither of these transactions has yet been reflected in the half-year financial statements. In the real estate project development segment, which has not yet generated significant revenue, construction on projects in Schwerin and Halle is scheduled to begin in 2027.
Further details regarding the first half of 2026 can be found in the 2026 Half-Year Financial Report, which is available for download on the Company's website at https://www.readcrest.com/en/investor-relations?nachrichten_art=finanzberichte. The Company's main website is www.readcrest.com.
Readcrest Capital AG is a listed company focused on real estate and special-situations investments. It relies on stable cash flows from systemically important healthcare services in the United Kingdom, particularly through its stake in Grosvenor Health and Social Care, on the development of residential construction projects in high-growth regions of Germany, and on the establishment of a publicly traded platform for commercial real estate (light industrial) through its stake in RC Industrie Immobilien SE. The company's financial calendar for 2026 includes the Munich Capital Market Conference on November 11 and the German Equity Forum in Frankfurt am Main on November 23.
The significant strengthening of the balance sheet, with net financial liabilities reduced by over EUR 56 million and cash doubled, positions Readcrest Capital AG for further growth and investment. The expansion of the home care business and the new light industrial real estate division diversify the company's revenue streams and could enhance long-term shareholder value. For the healthcare industry, the increased local authority hourly rates in the U.K. reflect ongoing government support for home care services, which may benefit other providers. The original release can be viewed on www.newmediawire.com.
