Icade H1 net loss widens to EUR 155.9 million; revenue falls 4.7% to EUR 600.8 million

• Icade posted a first-half net loss attributable to shareholders of EUR 155.9 million, widening from a loss a year earlier.
• Cash-flow net current fell 11.4% to EUR 136.6 million, or EUR 1.80 per share; strategic cash-flow net current slid 19.8% to EUR 87.6 million.
• Gross rental income dropped 4.5% to EUR 170.2 million; portfolio value fell 8.4% to EUR 5.61 billion, down 3.1% like-for-like.
• Loan-to-value (including duties) edged down 0.6 percentage point to 39%; liquidity stood at EUR 2.5 billion, supported by a EUR 150 million 2035 bond.
• Confirmed 2026 cash-flow net current guidance of EUR 2.90-EUR 3.10 per share; completed the EUR 402 million Marignan sale, bought full ownership of Tour Eqho.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Icade SA published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.