Earnings release
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Corporate Communications Zurich, 27 August 2026 – 07.00 a.m. | Ad hoc announcement pursuant to Art. 53 LR Investis reports strong first-half results • Rental income up 7% • Revaluation gains of CHF 44 million • Portfolio growing to CHF 2.3 billion – LTV reduced to 27.3% • NAV per share excluding deferred taxes rises to CHF 130.58 “The Swiss residential real estate market continues to be characterised by robust demand and a structural supply shortage, especially in the Lake Geneva region. This market environment once again proved highly favourable for Investis in the first half of 2026. Thanks to our consistent focus on residential properties and our disciplined asset management , we further strengthened our market position, delivered a strong operating result and continued to reinforce our balance sheet. The high quality of the real estate portfolio, ongoing renovations and the long-term investment horizon provide the foundation for sustainable value creation. 2026 also marks the tenth anniversary of our listing on the SIX Swiss Exchange: a significant milestone in the development of Investis. Since our IPO on 30 June 20 16, we have tripled the value of our real estate portfolio, continuously strengthened our capital structure and significantly reduced our loan -to- value ratio. At the same time, we have consistently provided our shareholders with attractive and reliable distributions while sustainably increasing shareholder value. Since the IPO at CHF 53, the share price has performed exceptionally well, reaching CHF 153 as of 30 June 2026. Including dividends paid, this corresponds to an annualised total return of 12.9%. This development underscores the successful execution of our long -term strategy and confirms the resilience of our business model. I am therefore very pleased with Investis ’ operating performance in the first half of 2026 and confident that our clear strategic positioning will continue to deliver sustainable value creation for all our stakeholders,” says Stéphane Bonvin, CEO of Investis Group. Healthy operating income Rental income increased by 6.8% to CHF 41.5 million in the first half of 2026 compared with the prior - year period. On a like -for-like basis, rental income increased by +0.6% (residential properties +1.1%). As at 30 June 2026, gross rental income stood at CHF 85.9 million. The vacancy rate remained at 2.0% (residential properties 1.2%) , reflecting the sustained attractiveness of the portfolio and the strong demand for residential properties in the Lake Geneva region. EBITDA before revaluations and gains on disposals increased by 9.3% to CHF 26.7 million , representing growth that outpaced the increase in rental inc ome. This development reflects both the improved operational performance of the portfolio and the Group ’s continued disciplined cost management. Supported by the continued low interest rate environment, resulting in lower discount rates and higher cash flows, the real estate portfolio recorded a revaluation gain of CHF 43. 7 million. Overall, Investis generated a very strong EBIT of CHF 70.3 million in the first half of 2026 , highlighting
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2 the Group’s ability to generate value through both its operational performance and the quality of its assets. The weighted average interest rate on financial liabilities decreased to a low 0.92% in the first half of 2026 (H1 2025: 1.10%). The sale of two minority stake s (PHM Group TopCO Oy and Nexthink SA) resulted in a financial gain of CHF 10.2 million. With an effective tax rate of 13%, net profit amounted to CHF 67.6 million (H1 2025: CHF 80.2 million), corresponding to earnings per share of CHF 5.29 (H1 2025: CHF 6.28). Excluding revaluation effects, net profit increased significantly to CHF 30.1 million, compared with CHF 19.6 million in the prior -year period. This significant improvement in earnings highlights the consistently strong operational strength of the Group and its ability to deliver sustained improvements in profitability. Solid capital structure – LTV further reduced to 27.3% Total assets increased to CHF 2.32 billion as at 30 June 2026 (31 December 2025: CHF 2.29 billion). Notwithstanding the further increased profit distribution of CHF 38.3 million, the equity ratio rose to a strong 63.9%, underscoring the Group’s continued robust capital structure. This is also reflected in the low level of interest-bearing financial liabilities of CHF 625 million (CHF 626 million) relative to the real estate portfolio, which was valued at CHF 2,285 million (CHF 2,238 million) . As a result, the loan -to- value (LTV) ratio decreased to 27.3% ( 28.0%), a level that continues to rank among the lowest in the Swiss listed real estate sector. As at 30 June 2026, the weighted average cost of debt stood at 0.90% (31 December 2025: 0.88%). At the reporting date, the portfolio comprised 207 buildings. Of these, 78% were residential properties with a total of 3,070 residential units. The net asset value (NAV) per share excluding deferred taxes amounted to CHF 130.58 as of 30 June 2026 (31 December 2025: CHF 127.64). This development reflects the portfolio ’s continued value creation and the strength of Investis’ balance sheet. Market environment and outlook for 2026 The market environment for residential real estate in the Lake Geneva region is expected to remain attractive in the second half of 2026. The combination of persistently low vacancy rates, demand supported by immigration, limited availability of developmen t land and construction activity that continues to fall short of demand is expected to sustain a structural supply-demand imbalance. The continued low interest rate environment and ample liquidity among institutional investors continue to support strong demand for high -quality residential real estate. At the same time, the supply of attractive investment properties remains limited, and competition for prime assets is therefore expected to remain intense, with yields, particularly in the Lake Geneva region , likely to remain under further pressure. Against this backdrop, Investis enters the second half of 2026 with confidence. Supported by its high - quality portfolio, its clear strategic focus on residential real estate in the Lake Geneva region and its particularly strong financial position, the Group is well positioned to continue creating long-term value for all stakeholders. At the same time, Investis will continue to closely monitor political and regulatory developments, particularly those relating to the Lex Koller, as well as the implications of monetary policy
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3 decisions. The Group remains firmly focused on sustainabl e development of its portfolio, the targeted realization of its rental potential and the creation of long-term value for its shareholders. Investis expects its operating performance in the second half of 2026 to be broadly in line with that of the first half of the year. Presentation of the half-year 2026 results All information is available under https://www.investisgroup.com/en/investors/reporting Direct access to the online HY 2026 report on https://reports.investisgroup.com/26/hyr Investis' management will present the results for the half-year 2026 in English in a webcast today at 9:00 a.m. CEST. Following the presentation, management will be available to answer questions. An invitation to the webcast was sent to Investis news subscribers on 6 August. If you did not receive this and wish to attend, please click here to register by 8:45am CET at the latest to receive the webcast link and dial-in details. Please connect a few minutes before the webcast begins. The accompanying presentation will be available on our website from 7 a.m. Webcast participants can ask their questions in writing or verbally. A replay of the webcast will be made available in the afternoon. Agenda 10 March 2027 Publication of the annual results 2026 27 April 2027 Annual General Meeting 2027 24 August 2027 Publication of half-year results 2027 Investor Relations / Media Laurence Bienz, Head Investor & Media Relations Telephone: +41 58 201 72 42, e-mail: laurence.bienz@investisgroup.com About the Investis Group Established in 1994, the Investis Group is a leading real estate company in the Lake Geneva region. Its portfolio is primarily composed of residential properties focusing on mid-priced rental apartments in this area. It was valued at CHF 2,285 million as of 30 June 2026. INVESTIS has been listed on the SIX Swiss Exchange since June 2016 ( symbol: IREN, security number: 32509429, ISIN CH0325094297). For further information: www.investisgroup.com
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SELECTED KEY FIGURES INCOME STATEMENT Unit 1st half 2026 2025 1st half 2025 Revenue CHF 1,000 41,464 79,811 38,811 Like-for-like rental growth 1) % 0.6 0.9 1.9 EBITDA before revaluations/disposals 1) CHF 1,000 26,718 53,275 24,446 EBIT CHF 1,000 70,348 167,456 95,712 Net profit CHF 1,000 67,586 152,038 80,215 Net profit excluding revaluation effect 1) CHF 1,000 30,051 54,147 19,625 Funds from operations (FFO) 1) CHF 1,000 19,297 44,447 17,907 Gross rental income CHF million 85.9 85.8 81.3 Net rental income CHF million 84.2 84.0 80.1 Vacancy rate % 2.0 2.0 1.4 BALANCE SHEET 30.06.2026 31.12.2025 30.06.2025 Total assets CHF 1,000 2,323,936 2,285,529 2,224,147 Total property portfolio CHF 1,000 2,285,448 2,238,072 2,123,505 Interest-bearing financial liabilities CHF 1,000 625,000 626,000 639,000 Gross LTV 1) % 27.3 28.0 30.1 Deferred tax liabilities CHF 1,000 182,686 174,463 167,539 Total equity CHF 1,000 1,484,753 1,454,002 1,385,007 Equity ratio % 63.9 63.6 62.3 PROPERTIES PORTFOLIO 30.06.2026 31.12.2025 30.06.2025 Residential investment properties CHF 1,000 1,781,117 1,742,726 1,677,844 Commercial investment properties CHF 1,000 501,648 492,663 434,458 Properties held for sale CHF 1,000 2,683 2,683 11,203 Total property portfolio CHF 1,000 2,285,448 2,238,072 2,123,505 Total buildings Number 207 207 203 Total residential units Number 3,070 3,067 3,043 Average discount rate (real) % 2.86 2.89 2.93 NUMBER OF EMPLOYEES 30.06.2026 31.12.2025 30.06.2025 Headcount at end of period Number 13 13 13 FTE (full-time equivalents, average over the period) Number 11 12 12 DATA PER SHARE 30.06.2026 31.12.2025 30.06.2025 Share capital CHF 1,280,000 1,280,000 1,280,000 Number of registered shares issued Number 12,800,000 12,800,000 12,800,000 Nominal value per share CHF 0.10 0.10 0.10 NAV per share 1) CHF 116.27 113.97 108.56 NAV per share excluding deferred taxes 1) CHF 130.58 127.64 121.69 Earnings per share (basic/diluted) CHF 5.29 11.91 6.28 Share price - annual high CHF 162.50 145.00 128.50 Share price - annual low CHF 143.00 107.50 107.50 Share price at end of period CHF 153.00 144.50 127.00 Average number of shares traded per day Number 5,821 3,815 4,807 Market capitalisation at end of period CHF million 1,958 1,850 1,626 1) The ‘Alternative Performance Measures’ section defines performance measures not specified under Swiss GAAP FER. Page 01 INVESTIS GROUP HALF-YEAR REPORT 2026