The company’s adjusted earnings per share for the six-month period fell 14.9% compared to the same period last year. First-half revenue totaled €138.50 million, while adjusted net income reached €47 million.
Adjusted EBITDA for the period came in at €69.90 million, representing a 50% margin.
The revenue decline stemmed primarily from Mid Cap I transitioning to its post-investment period, resulting in management fees being charged on invested capital rather than committed capital. Carried interest and investment income also decreased during the period.
Operating expenses increased due to selective hiring, though the company maintained cost discipline in other areas.
Antin’s board approved an interim dividend of €0.28 per share. The company expects its full-year 2026 dividend distribution to remain stable at €0.71 per share, matching the prior year’s payout.
The firm projects its 2026 underlying EBITDA to come in slightly below 2025 levels. Antin anticipates activating its Mid Cap II fund in the fourth quarter of 2026.
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