{"id":25180,"date":"2026-09-30T09:00:12","date_gmt":"2026-09-30T06:00:12","guid":{"rendered":"https:\/\/hube1yyfw9.onrocket.site\/ir\/?p=25180"},"modified":"2026-10-07T14:45:39","modified_gmt":"2026-10-07T11:45:39","slug":"group-financial-results-for-the-first-half-of-2026","status":"publish","type":"post","link":"https:\/\/yknot.gr\/ir\/group-financial-results-for-the-first-half-of-2026\/","title":{"rendered":"Group Financial Results for the first half of 2026"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>GROUP FINANCIAL RESULTS FOR THE FIRST HALF OF 2026<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Revenue growth and a return to profitability driven by the Group\u2019s expansion into shipping<\/strong><\/p>\n<p><strong>Y\/KNOT Invest Group<\/strong> announces its financial results for the first half of 2026 reporting improved key financial figures and a return to profitability. This improved performance reflects the impact of the Group\u2019s strategic expansion into shipping, alongside its operational restructuring. The Group returned to operating profitability with <strong>EBITDA of \u20ac518,263<\/strong> and <strong>profit after tax of \u20ac52,151<\/strong>, marking a turnaround in its results.<\/p>\n<p><strong>Key Group Financial Figures for the First Half of 2026<\/strong><\/p>\n<p>\u00b7 <strong>Comparable revenue<\/strong> increased to <strong>\u20ac6.4 million<\/strong> compared to \u20ac1.6 million in the first half of 2025, reflecting the positive contribution of the company\u2019s expansion into shipping and the Group\u2019s transformation.<\/p>\n<p>\u00b7 <strong>Comparable EBITDA<\/strong> amounted to <strong>\u20ac518,263<\/strong>, compared to negative EBITDA of (\u20ac139,975) in the first half of 2025.<\/p>\n<p>\u00b7 <strong>Earnings after taxes (EAT)<\/strong> amounted to <strong>\u20ac52,151<\/strong> compared with losses of (\u20ac1,701,639) in the first half of 2025.<\/p>\n<p>\u00b7 <strong>Group equity<\/strong> <strong>increased<\/strong> to <strong>\u20ac26.8<\/strong> <strong>million<\/strong> up from <strong>\u20ac4.4<\/strong> <strong>million<\/strong> as of December 31, 2025, following the successful share capital increase, which was 1.5 times oversubscribed.<\/p>\n<p>\u00b7 <strong>The Group\u2019s financial position<\/strong> improved resulting in substantial deleveraging, with <strong>net debt declining to \u20ac1.5 million<\/strong> as of June 30, 2026, compared with \u20ac15,1 million as of December 31, 2025. The gearing ratio stood at 5.3%, compared with 77.5% as of December 31, 2025.<\/p>\n<p>It is noted that the first-half 2025 figures have been adjusted for comparability to exclude the results of subsidiaries divested in the first half of 2026, which are no longer part of the Group.<\/p>\n<p>Commenting on the financial results, the <strong>President of the Board, Mr Rigas Tzortzis,<\/strong> stated: \u201cThe first-half results mark a milestone for Y\/KNOT Invest and confirm that our strategy is delivering. Our financial performance reflects our transition into a new, profitable phase of growth. Having paved the way for shipping companies to list on Euronext Athens, Y\/KNOT Invest is building on that momentum. The tanker and dry bulk vessel it now owns, together with favorable global geopolitical shifts, have helped drive improved financial results. With a strong capital base and financial flexibility, the Group remains committed to creating long-term value for our shareholders.\u201d<\/p>\n<p style=\"text-align: center;\"><strong>Kifisia, 30\/09\/2026<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GROUP FINANCIAL RESULTS FOR THE FIRST HALF OF 2026 Revenue growth and a return to profitability driven by the Group\u2019s expansion into shipping Y\/KNOT Invest Group announces its financial results<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,978],"tags":[],"class_list":["post-25180","post","type-post","status-publish","format-standard","hentry","category-corporate-news","category-year-2026"],"_links":{"self":[{"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/posts\/25180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/comments?post=25180"}],"version-history":[{"count":3,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/posts\/25180\/revisions"}],"predecessor-version":[{"id":25209,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/posts\/25180\/revisions\/25209"}],"wp:attachment":[{"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/media?parent=25180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/categories?post=25180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/tags?post=25180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}