Appeninn reports EUR 6.22 million loss while Appeninn stock stays at EUR 1.69

Published on 10/15/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rental income rose 5.00 percent to EUR 11.34 million in first-half 2026. Appeninn stock costs EUR 1.69 on October 15, 2026 alongside a EUR 6.22 million loss.

Operating results and expansion

Appeninn reported a EUR 6.22 million first-half loss on September 21, 2026.
Rental income reached EUR 11.34 million after a 5.00 percent annual increase in the first half of 2026.
Appeninn stock traded at EUR 1.69 at 11:45 a.m. CEST at Lang & Schwarz on October 15, 2026.

Appeninn, HU0000102132, Illustration mit AI erstellt.

Appeninn reported a EUR 6.22 million loss for the first half of 2026, while rental income rose 5.00 percent to EUR 11.34 million. The figures came with continued Polish expansion and a stable adjusted EBITDA margin above 60 percent, according to Appeninn on September 21, 2026.

What changed in the first half?

The operating picture was stronger than the bottom line. Appeninn's adjusted EBITDA reached EUR 6.91 million in the first six months of 2026, compared with EUR 6.71 million in the same period of 2025, while the adjusted EBITDA margin stayed above 60 percent, the company said.

The loss reflected property revaluation effects and currency movements. Diplomacy and Trade reported on September 21, 2026 that the company posted a EUR 8.8 million property revaluation loss, including a EUR 10.1 million foreign-exchange loss. The comparison is material because Appeninn had recorded a EUR 3.4 million after-tax profit in the first half of 2025.

Why does the portfolio matter?

Appeninn's expansion adds scale to the rental base but also raises the importance of execution. The company acquired a 56,000-square-meter logistics center in Tarnow in February 2026 and added seven retail parks and four shopping centers in July 2026. The latter portfolio included 53,000 square meters of leasable area and 95 percent occupancy, according to Property Forum.

Those transactions lifted the value of Appeninn's Polish property holdings to EUR 170 million and pushed the total portfolio above EUR 290 million. Rental growth therefore provides the clearest operating counterweight to the reported loss, while currency and valuation effects remain important for net earnings.

Stock holds at EUR 1.69

Appeninn stock was trading at EUR 1.69 at Lang & Schwarz on October 15, 2026 at 11:45 a.m. CEST. The Budapest Stock Exchange listing is quoted in Hungarian forint, while the company's first-half operating figures are reported in euros.

The further course of trading is shown by the continuously updated real-time quote of Appeninn stock.