KBC Ancora (KBCA) H1 2026 earnings summary

Executive summary

• Recorded a profit of EUR 74.4 million in the first half of FY 2025/2026, up slightly from EUR 73.9 million year-over-year.

• Profit driven mainly by EUR 77.5 million in dividend income from KBC Group and stable operating costs and interest charges.

• No dilution of shares; number of shares in issue remained at 77,011,844.

Financial highlights

• Income totaled EUR 77.96 million, with recurring financial income at EUR 77.96 million, both up marginally year-over-year.

• Operating costs were EUR 1.5 million, and interest charges EUR 2.0 million, both stable or slightly improved from prior year.

• Result after taxes was EUR 74.36 million, or EUR 0.97 per share, compared to EUR 0.96 per share a year earlier.

• Balance sheet total at 31 December 2025 was EUR 3.71 billion, up EUR 76.4 million from June 2025.

Outlook and guidance

• Full-year expenses for FY 2025/2026 estimated at approximately EUR 7.6 million.

• Interim dividend decision for June 2026 will depend on KBC Group’s final dividend announcement in February 2026.

• Dividend policy targets payout of 90% of recurring distributable result, after adjustments.