JDC Group AG reported record first-half 2026 revenue of €143.5 million, an 18.7% increase from €120.9 million a year earlier, driven by growth in its Advisortech segment and the FMK comparison platform acquisition in 2025.
EBITDA surged 69.8% to €14.5 million in the six months ended June 30, lifting the margin to 10.1% from 7.0% in the prior-year period. Second-quarter revenue reached €68.6 million, up 16.9% year-over-year, while EBITDA climbed 82.5% to €6.4 million. The company noted that prior-year figures included €4 million in accrued performance fees that were not repeated in 2026.
The Advisortech segment, which includes FMK, MORGEN & MORGEN, Finum, JUNG, DMS & CIE, generated €124.2 million in revenue for the first half, a 21.2% increase. EBITDA in the segment jumped 76.4% to €14.1 million, with FMK contributing approximately €22.6 million to turnover—over 100% growth—primarily from operations and software fees. The advisory segment, focused on private clients, reported revenue of €28.8 million, up 8.0%, with EBITDA rising 6.3% to €2.7 million.
Cash and cash equivalents stood at about €45 million at the earnings presentation date, an increase from €35 million at June 30, 2026. JDC serves more than 2.5 million end customers through over 16,000 connected platform users, providing access to more than 12,000 products from over 200 insurers in the DACH region.
Operational metrics showed mixed trends: orders processed increased 5%, assets under management grew 18%, and annual net premiums rose 11%, while contract transfers declined 10% due to customer hesitation. AI integration continued to enhance efficiency, with contract transfer processing via automation up 88% and personnel costs per unit down 46%. Straight-through processing ratios reached 94% for over 2 million documents processed year-to-date.
The company highlighted three AI tools in use or development: Tarif Pilot for portfolio assessment, AVB Companion for real-time policy queries spanning three decades, and Chatty in beta for broker service inquiries. FMK portals were cited as sources in 68.7% of financial prompts across an analysis of 4,200 AI-generated answers.
JDC also outlined plans for its Altersvorsorgedepot (AVD) platform, targeting approximately 50 million eligible Germans starting January 1, 2027. More than 72% of eligible individuals currently lack a brokerage account, representing roughly 36 million potential customers.
For full-year 2026, JDC maintained guidance for turnover of €300 million to €330 million and EBITDA of €35 million to €38 million. Cost savings of €1.5 million to €2 million annually are expected to begin in 2027.
Shares of JDC traded at €22.60 at the presentation, down 3.42% from the prior close of €23.40, with a 52-week high of €32.60.
