Intracom Holdings reports H1 2026 results amid Europa Holdings merger

Intracom Holdings has reported its financial results for the first half of 2026, which were significantly impacted by the upcoming merger between Europa Holdings and CrediaBank. While the group reported a net loss of €8 million from continuing and discontinued operations due to extraordinary charges related to the merger, adjusted profits reached €8.6 million. The discrepancy of €16.6 million between the reported net loss and adjusted profits is attributed to these merger-related costs.

Following the completion of the merger, Intracom Holdings is expected to hold a 3.76% stake in CrediaBank, receiving approximately 82.9 million new shares. Before the merger is finalized, Europa Holdings is scheduled to return capital to shareholders at €0.31 per share, which amounts to €17.8 million for Intracom Holdings.

Management expects the financial outlook to improve in the annual statements once the goodwill from the Europa Holdings participation is recognized upon the transaction's completion. Additionally, Intracom Holdings announced its participation in a €100 million real estate project in the Athens Riviera, partnering with Ten Brinke to acquire two plots within the Ellinikon development.