Readcrest Capital AG, a listed German company focused on real estate and special-situations investments, reported consolidated revenue of EUR 65.3 million for the first half of 2026, a 1.6% increase from EUR 64.3 million in the same period last year, according to the company’s half-year financial report. Net income for the period surged to EUR 24.9 million, or EUR 0.71 per share, compared with EUR 0.4 million, or EUR 0.01 per share, a year earlier, driven primarily by a EUR 29.4 million gain on the sale of its U.K. care home business.
The sale, completed on April 17, 2026, generated a net cash inflow of GBP 38.5 million (EUR 44.3 million). Readcrest used the proceeds to repay GBP 30.0 million (EUR 34.4 million) in bank loans. Combined with the conversion of EUR 16.4 million of a mandatory convertible bond, net financial liabilities fell from EUR 180.1 million at the end of 2025 to EUR 123.5 million as of June 30, 2026. Cash and cash equivalents doubled to EUR 20.3 million.
Revenue was almost entirely attributable to home care services in the U.K., which benefited from increases in local authority hourly rates effective April 1, 2026, and from acquisitions made since November 2025. After the balance sheet date, the company further expanded its home care business with three additional acquisitions in England and Scotland.
In a strategic diversification move, Readcrest also established a third business division for light industrial real estate in Germany by acquiring a majority stake in RC Industrie Immobilien SE. Neither the post-period acquisitions nor the new division are reflected in the half-year financial statements. The company’s real estate project development segment, which has not yet generated significant revenue, is scheduled to begin construction on projects in Schwerin and Halle in 2027.
Further details are available in the 2026 Half-Year Financial Report, which can be downloaded from the Company’s website at https://www.readcrest.com/en/investor-relations?nachrichten_art=finanzberichte. The company’s broader activities are outlined at www.readcrest.com. The original release was distributed via NEWMEDIAWIRE.
Readcrest Capital AG 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 residential construction projects in high-growth German regions, and on building a publicly traded platform for commercial real estate through RC Industrie Immobilien SE. The company’s shares are listed under ISIN DE000A0LE3J1 and WKN A0LE3J.
