AKKO Invest H1 Results Burdened by One-off Items

The after-tax results of AKKO Invest, listed on the Prime Market of the Budapest Stock Exchange (BSE), were primarily burdened by one-off items, while the company’s revenue, at close to HUF 20 billion, remained at the level of last year’s first half, and its EBITDA, reflecting its business results, remained at a level of almost HUF 1.5 billion.

The report says that thanks to the HUF 10 billion capital increase carried out by its primary owner, WING Groupmember Mevinvest, AKKO Invest significantly decreased its liabilities, allowing the profits and resources to be generated in the course of its operations to be used for acquisitions and developments.

AKKO Invest Plc. closed the first half of 2025 with revenue of HUF 19.3 billion, slightly lower than last year’s figure (1.5%). The accounting results of the company listed on the Prime Market of the Budapest Stock Exchange declined significantly, primarily due to one-off items, including a significant impairment item related to the reclassification of a hotel project in France from “to be utilised” to “held for sale.” As a result, after the HUF 908 million profits the company saw in the first half last year, it realised an accounting loss of HUF 520 million.

AKKO Invest’s EBITDA figure, which reflects its business operations, also continues to show a stable profit: after last year’s HUF 1.5 billion it achieved an EBITDA of HUF 1.4 billion in the first six months of the year. An important milestone in the company’s life was the fact that its primary owner, Mevinvest, a member of the WING Group,
carried out a capital increase of HUF 10 billion, which AKKO used to pay the remainder of the purchase price related to the acquisition of NEO, to acquire the remaining 50% of the Szerémi office building, and to pay the remainder of the purchase price for the latter, leading to a large reduction in its liabilities. Thanks to all the above, the additional profits and resources to be generated during operations can be used for future acquisitions and developments.