KPY swings to operating loss in H1 2026; revenue falls to EUR 56.9 million

• KPY posted a 1H operating loss of EUR 0.4 million, swinging from operating profit a year earlier.
• Revenue fell 30.7% to EUR 56.9 million as Epical moved from subsidiary to associate, removing EUR 22.8 million from consolidation.
• Net loss widened to EUR 3.7 million; operating cash flow dropped to EUR 3.5 million from EUR 8.8 million.
• NAV slipped to EUR 235.8 million from EUR 246.3 million at end-2025; equity ratio edged up to 54.8% from 54.4%.
• 2026 outlook unchanged: focus on infrastructure, private equity, balance-sheet investments; expects slightly lower infrastructure revenue and profit on weaker Novapolis occupancy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KPY osk published the original content used to generate this news brief on August 27, 2026, and is solely responsible for the information contained therein.