EPIC Suisse AG reported a 32.4% increase in net profit to CHF 39.8 million for the first half of 2026, driven by a CHF 9.4 million realized revaluation gain from the disposal of its Vennes III property in Lausanne. Adjusted profit, excluding disposal and unrealized revaluation effects, rose 7.5% to CHF 22.0 million.
Rental income increased 4.0% to CHF 34.7 million, with like-for-like growth of 0.5%. Net operating income climbed 4.3% to CHF 32.0 million, maintaining an 89% NOI margin. Total EBITDA reached CHF 51.4 million, including CHF 13.8 million in unrealized revaluation gains across the portfolio. The Vennes III disposal generated CHF 51.1 million in net proceeds, a 23% premium to its December 31, 2025 independent market valuation of CHF 41.6 million.
The company’s portfolio, valued at CHF 1.67 billion, spans 24 commercial properties across Switzerland, with 53% located in the Lake Geneva region and 34% in the Zurich economic area. Sector allocation remains concentrated in offices (41%), retail (35%), and logistics/industrial (23%). Vacancy rates rose to 9.4% from 3.8% a year prior, primarily due to lease-up phases for newly completed assets, though the adjusted rate excluding PULSE and Campus Leman Building C stood at 2.9%. Like-for-like rental growth was 2.1% in offices and 0.5% in retail, while logistics/industrial declined 3.4% amid rent incentives.
EPIC Suisse raised its full-year 2026 rental income growth guidance to approximately 1.5%, up from 1.0% previously. The company’s equity ratio improved to 54.4% from 53.5% at year-end 2025, while its net LTV ratio declined to 35.1%, below its medium-term target of around 45%. The weighted average interest rate on debt remained low at 1.2%, with a residual maturity of 3.4 years.
CEO Arik Parizer highlighted progress on the PULSE development, expressing confidence in its design, and noted that final lease agreements for Campus Leman Building C were nearing completion. Chairman Roni Greenbaum acknowledged a challenging acquisition market, citing limited availability of high-quality assets. The company’s IFRS NAV per share increased to CHF 82.49, up from CHF 82.15 at year-end 2025, following a CHF 35.9 million dividend distribution.
On the SIX Swiss Exchange, EPIC Suisse’s shares closed at CHF 82.60 at the end of June 2026, down 5.1% from year-end 2025, but traded 23.53% higher at CHF 0.315 following the results presentation.
