Confinvest Oro closed the first half of 2026 with record revenue of €86.1 million, up 80%, while EBITDA and net profit were slightly below the previous year due to integration costs and non-recurring valuation effects.
Key figures
- Revenue: €86.1 million, +80% from €47.8 million.
- Dierre contribution: about €30 million since consolidation began on 4 February.
- Standalone revenue: about €56 million, above the previous record.
- First margin: €3.2 million, +60%.
- EBITDA: €1.0 million, from €1.1 million.
- Net profit: €602,000, from €684,000.
- Net financial debt: €2.7 million, from €0.2 million at end-2025.
The half-year results include about €700,000 of non-recurring items: roughly €500,000 of costs related to the Dierre acquisition and integration and around €200,000 of negative valuation effects on gold inventories. Excluding these items, the company indicates management EBITDA of about €1.7 million.
The increase in debt reflects greater use of bank financing to support working capital and the Dierre integration. Adjusting the net financial position for excess gold inventory, the company reports a positive net cash position of €3.8 million. Equity increased to €11.8 million, also supported by €3.5 million of capital increases.
The company
Confinvest Oro is listed on Euronext Growth Milan and operates in the trading and services market for physical investment gold, including digital solutions such as Conto Lingotto.
Source: Borsa Italiana/Teleborsa, 28 September 2026.