Hotei Properties 1H FY26 net profit drops 82% to EUR 6.38 million; revenue falls 18% to EUR 10.98 million
Reuters2026/09/11 13:28- Hotei Properties posted 1H 2026 net profit of EUR 6.38 million, down 82% year on year.
- Revenue fell 18% to EUR 10.98 million; EBITDA dropped 39% to EUR 4.96 million.
- Investment property fair-value gains slid 82% to EUR 5.41 million, weighing on operating profit, which fell 77% to EUR 8.75 million.
- Net loan-to-value narrowed to 19.6% from 30.7% at end-2025; gross cash climbed to EUR 79.49 million from EUR 34.01 million.
- Portfolio GAV declined to EUR 477.08 million from EUR 560.45 million, following the EUR 105 million sale of two Bilbao hotels.
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