Porsche SE swings to H1 net loss of EUR 2.22 billion

• Porsche Automobil Holding SE swung to a net loss of EUR 2.22 billion in H1 2026; earnings per share turned to a loss of EUR 7.24.
• Adjusted result after tax rose 14.5% to EUR 949 million, while impairment charges on core stakes hit EUR 3.18 billion.
• Net debt narrowed to EUR 4.98 billion at June 30, while net asset value fell to EUR 12.51 billion and loan-to-value widened to 28.5%.
• Volkswagen’s H1 profit attributable to shareholders fell to EUR 2.6 billion; Porsche AG’s net profit increased to EUR 1.1 billion.
• Porsche SE maintained its 2026 adjusted net income outlook of EUR 1.5 billion to EUR 3.5 billion; year-end net debt seen at EUR 4.7 billion to EUR 5.2 billion.

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