CNL CAPITAL published its interim financial statements for the period 1 January – 30 June 2026, based on the International Financial Reporting Standards.
During the first half of 2026, CNL CAPITAL steadily continued its investment activity as it made 10 new investments, disbursing an amount of €4.3 million, (first half 2025: 7 investments and disbursements of €5.5 million).
Thus, CNL CAPITAL's investment portfolio as of 30/6/2026 consists of 36 investments (31/12/2025: 35) and its value (after provisions) increased by 1.5% and amounted to €10,784,850 (31/12/2025: €10,622,481).
The reduced investment activity of CNL CAPITAL during the first half of 2026, combined with the average level of international benchmark interest rates compared to the corresponding period last year, had a significant impact on the Company's financial results.
Specifically, CNL CAPITAL's total revenues during the first half of 2026 amounted to €678,382 (first half 2025: €836,592), showing a decrease of 19%.
Interest income amounted to €549,802, showing a decrease of 15% (first half 2025: €647,991), while fee income amounted to €143,759, showing a corresponding decrease (first half 2025: €169,443).
From the valuation of certain investments of the Company using the fair value through profit or loss method, a loss of €15,178 arose, compared to a profit of €19,158 in the first half of 2025.
CNL CAPITAL's total expenses before taxes and provisions during the first half of 2026 showed a decrease of 9% and amounted to €528,762 (first half 2025: €584,023).
Interest expenses decreased by 25% and during the first half of 2026 amounted to €64,217 versus (first half 2025: €85,657), a decrease attributable to the lower raising of loan capital by the Company, as well as the reduction in its borrowing cost, following the course of international benchmark interest rates.
It is noted that Other operating expenses recorded a decrease of 12% in the first half of 2026 and amounted to €387,951 (first half 2025: €440,084), despite their continued burden from the increased development expenses of the new product and the imminent establishment of the subsidiary company CNL Commercial Finance.
Staff remuneration and expenses increased by 31% during the first half of 2026 and amounted to €76,594 (first half 2025: €58,282). Finally, provisions for credit risk, during the first half of 2026, amounted to €39,708, (first half 2025: €37,222).
As a result of the above, CNL CAPITAL's profits before taxes during the first half of 2026 amounted to €109,912, showing a decrease of 49%, (first half 2025: €215,347).
Net profits during the first half of 2026 amounted to €82,380 corresponding to €0.1122 per share, compared to net profits of €187,759, i.e. €0.2552 per share, during the first half of 2025.
The net asset value per share (NAV/share) of CNL CAPITAL, as of 30 June 2026, amounted to €11.25 (31/12/2025: €11.28).
Estimating that the Company's course during the remainder of 2026 will be significantly improved compared to what is reflected in the above results, the Board of Directors intends to distribute an interim dividend for fiscal year 2026 of a total net amount of €109,845.00.
The net amount per share amounts to €0.15, following the proportional increase due to the 52,200 treasury shares held by the Company on 29.09.2026, which are excluded from payment pursuant to Law 4548/2018 (article 50).
The Chairman of the Company's Board of Directors Nikos Chloros commented:
“The financial results of the first half of 2026 do not satisfy us, but we remain optimistic that the overall picture for fiscal year 2026 will be significantly improved, and this is reflected in our decision to pay an interim dividend to our shareholders’’.
The Company's Chief Executive Officer Panagiotis Lekkas commented:
“The most important development, not only for this year but also for the broader evolutionary course of CNL CAPITAL, is the start of operations of CNL Commercial Finance, the company's subsidiary in the factoring sector licensed by the Bank of Greece. The fully digital Finvo platform is expected to begin operations in the last quarter of the year and to overturn the data of factoring in Greece. The reception it has already received from the business community in its trial phase makes us particularly optimistic about its course in the market, and the positive impact for CNL Capital from such a development will be immediate and significant.’’