FREY posts strong 2026 first‑half results and €800 million cash pile

On 24 July 2026 the board of FREY approved the consolidated half‑year accounts for 2026, which were released on 27 July. The report, posted on the company website, includes the financial statements, an activity overview and the auditors’ commentary.

The group – a leading European operator of premium outdoor retail parks and outlet villages with over 40 sites in ten countries – reported revenue of €134.6 million, up 44% year‑on‑year, gross rental income of €95.9 million (+47.5%), operating profit of €71.1 million (+39%) and net profit attributable to the group of €57.5 million. Occupancy stood at 97.4% and the EPRA NTA ratio reached €1,126.9 million.

FREY finished the period with €800 million of liquidity, including cash and refinancing facilities, and a loan‑to‑value ratio of 39.8%, comfortably below its 45% target. Antoine Frey, President‑Chief Executive Officer, said the results confirm the strategy of concentrating on premium retail parks and outlet villages and that the strong cash position enables the company to pursue growth opportunities across attractive European markets.