Sofina reports half-year profit turnaround. Sofina stock gains 1.78 percent.

Published on 10/07/2026 at 09:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income hit EUR 857.50 million in first-half 2026 after a EUR 393.95 million loss. Sofina stock costs EUR 245.70 on October 7, 2026 versus EUR 241.40.

Schwarzweißes Reportagefoto von Fondsmanagern in einer Sitzung mit Diagrammen — Sofina S.A. (BE0003717312) illustriert dokumentarisch Fondsmanager bei Besprechung von Portfolio-Charts in Schwarzweiß, Illustration mit AI erstellt.

Sofina (ISIN BE0003717312) was trading at EUR 245.70 at Lang & Schwarz on October 7, 2026 at 9:11 a.m. CEST, up 1.78 percent versus the Euronext Brussels close of EUR 241.40 on October 6, 2026. The move follows a sharp first-half earnings swing: Simply Wall St reported on September 9, 2026, that Sofina posted EUR 857.50 million in net income for the first half of 2026, compared with a EUR 393.95 million loss in the first half of 2025.

Profit swing reflects portfolio marks

The comparison is unusually wide for an investment holding company. Basic earnings per share from continuing operations reached EUR 24.20 in the first half of 2026, while diluted earnings per share reached EUR 23.53, according to the same September 9, 2026 report from Simply Wall St.

That result does not represent a conventional operating turnaround. The report said the profit swing was driven largely by portfolio marks, making fair-value changes and capital allocation central to the investment case rather than recurring operating revenue.

Net asset value sets the valuation frame

Sofina's investor information page puts net asset value at EUR 11.5 billion as of June 30, 2026, with net asset value per share at EUR 326.48. The portfolio is split evenly between direct investments and private funds, with each representing 50 percent of the stated mix, according to Sofina.

The gap between the EUR 245.70 market price and EUR 326.48 net asset value per share is the key valuation comparison. It also helps explain why analyst targets sit well above the current quotation, although the portfolio-marking risk means the net asset value can change materially between reporting dates.

Analyst targets remain above price

Trivano listed three analyst recommendations in its October 6, 2026 update, with an average target of EUR 309.67 and an average recommendation of Buy. The latest dated entries were Degroof Petercam at EUR 309.00 and KBC Securities at EUR 315.00, both dated September 3, 2026.

Against the EUR 245.70 Lang & Schwarz price, the EUR 309.67 average target is 26.04 percent higher. That comparison is a market expectation, not a company forecast, and the first-half loss-to-profit swing shows why Sofina's valuation remains sensitive to investment-market conditions.

Stock trades below asset value

Sofina was trading at EUR 245.70 at Lang & Schwarz on October 7, 2026 at 9:11 a.m. CEST, plus 1.78 percent versus the Euronext Brussels close of EUR 241.40 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Sofina stock.