The Y/KNOT Invest Group announces its financial results for the first half of 2026, recording an improvement in its key financial figures and a return to profitability.
This positive change reflects the results of the Group’s strategy to expand its activity in ocean-going shipping, combined with its operational restructuring.
As a result, the Group returned to operating profitability with EBITDA of €518,263 and profits after tax of €52,151, marking the company’s transition to positive results.
Key Financial figures of the Group in the First Half of 2026
• Comparable Turnover increased to €6.4 million compared with €1.6 million in the first half of 2025, reflecting the positive contribution of the company’s expansion into ocean-going shipping and the Group’s transformation.
• Comparable operating EBITDA profits amounted to €518,263, versus negative EBITDA (€139,975) in the first half of 2025.
• Profit after Taxes (EAT) amounted to €52,151, versus losses (€1,701,639) in the first half of 2025.
• Equity increased to €26.8 million from €4.4 million on 31.12.2025, as a result of the successful Share Capital Increase, which was oversubscribed by 1.5 times.
• The financial position improved, leading to substantial deleveraging, with Net Debt decreasing to €1.5 million as of 30.06.2026, compared with €15.1 million on 31.12.2025 and the leverage ratio standing at 5.3% versus 77.5% on 31.12.2025.
It is noted that, for comparability purposes, the financial figures of the first half of 2025 are presented as adjusted, excluding the results of the subsidiaries that were transferred during the first half of 2026, the activities of which are no longer part of the Group’s subsidiary perimeter.
Commenting on the Financial Results, the Chairman of the Board of Directors, Mr. Rigas Tzortzis, stated:
«The results of the first half mark a milestone for Y/KNOT Invest and confirm that our strategy is delivering. The entry of Y/KNOT Invest into a new, profitable growth cycle is now reflected in measurable figures. Opening the circle of listed shipping companies on Euronext Athens, Y/KNOT Invest, through the tanker and the dry bulker it now owns, benefits from global geopolitical realignments and strengthens its results, while at the same time maintaining a strong capital base and financial flexibility. We remain committed to our goal and continue with a steady focus on creating long-term value for our shareholders.»