Readcrest Capital AG 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. The revenue growth was driven almost entirely by home care services in the United Kingdom, which benefited from higher local authority hourly rates effective April 1, 2026, and from acquisitions completed since November 2025. Including a gain of EUR 29.4 million from the sale of the U.K. care home business, net income for the period surged to EUR 24.9 million, compared to EUR 0.4 million a year earlier. Earnings per share rose to EUR 0.71 from EUR 0.01.
The sale of the U.K. care home business, completed on April 17, 2026, generated a net cash inflow of GBP 38.5 million (EUR 44.3 million). The proceeds were used to repay bank loans of GBP 30.0 million (EUR 34.4 million). Combined 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. These moves significantly strengthen the company's balance sheet and provide greater financial flexibility.
After the balance sheet date, Readcrest Capital AG further expanded its home care business through three additional acquisitions in England and Scotland. It also established a third business division focused on light industrial real estate in Germany by acquiring a majority stake in RC Industrie Immobilien SE. These transactions are not yet 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. The company's strategic focus on stable cash flows from healthcare services in the U.K. and on real estate development in Germany positions it for continued growth.
Investors can find further details in the 2026 Half-Year Financial Report, available 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. The original press release is available on www.newmediawire.com.
