Curated News
By: NewsRamp Editorial Staff
September 30, 2026
Readcrest Capital H1 Revenue Up, Net Income Soars on Care Home Sale
TLDR
- Readcrest Capital AG boosted H1 2026 net income to EUR 24.9 million and earnings per share to EUR 0.71, outperforming last year's EUR 0.01.
- Readcrest Capital AG increased revenue 1.6% to EUR 65.3 million, sold its U.K. care home business for a EUR 29.4 million gain, and reduced net debt to EUR 123.5 million.
- Readcrest Capital AG's home care services in the U.K. benefit from higher local authority rates, improving care quality and expanding through acquisitions to serve more people.
- Readcrest Capital AG sold its U.K. care home business, doubled cash to EUR 20.3 million, and is expanding into light industrial real estate in Germany.
Impact - Why it Matters
Readcrest’s strong first-half performance, driven by a strategic divestment and debt reduction, signals a healthier balance sheet and renewed focus on high-growth healthcare and real estate opportunities. For investors, the sharp increase in earnings per share and the expansion into light industrial real estate via RC Industrie Immobilien SE could translate into more stable, diversified returns. The company’s ability to capitalize on favorable U.K. home care rates and execute acquisitions positions it well to benefit from demographic trends and infrastructure demand in Germany. As Readcrest continues to streamline operations and pursue new ventures, its progress may offer a template for other small-cap firms navigating similar transitions.
Summary
Readcrest Capital AG, a Hamburg-based listed company focused on real estate and special-situations investments, reported a 1.6% increase in consolidated revenue to EUR 65.3 million for the first half of 2026, up from EUR 64.3 million in the same period last year. The company’s net income surged to EUR 24.9 million, or EUR 0.71 per share, largely driven by a EUR 29.4 million gain from the sale of its U.K. care home business, which was completed on April 17, 2026. That transaction generated a net cash inflow of GBP 38.5 million (EUR 44.3 million), allowing Readcrest to repay GBP 30.0 million (EUR 34.4 million) in bank loans and, together with the conversion of a EUR 16.4 million portion of its mandatory convertible bond, reduce net financial liabilities from EUR 180.1 million to EUR 123.5 million. 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 higher local authority hourly rates effective April 1, 2026, and from acquisitions made since November 2025. After the balance sheet date, the Group further expanded its home care business with three additional acquisitions in England and Scotland. It also established a third business division for 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. Meanwhile, the 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 can be found in the 2026 Half-Year Financial Report, available for download on the Company's website. Readcrest Capital AG, led by Management Board members Rolf Elgeti and Dr. Marcus Kiefer, continues to rely on stable cash flows from systemically important healthcare services in the United Kingdom—particularly through its stake in Grosvenor Health and Social Care—as well as on residential development in high-growth German regions and the build-out of a publicly traded platform for commercial real estate through RC Industrie Immobilien SE. The company will participate in the Munich Capital Market Conference on November 11 and the German Equity Forum in Frankfurt on November 23, 2026.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, Readcrest Capital H1 Revenue Up, Net Income Soars on Care Home Sale
