Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Solid half-year: Wendel said first-half 2026 was a solid performance, with fully diluted NAV up 2.6% quarter over quarter after adjusting for the dividend paid.

Shareholder returns: The company said it has returned EUR 450 million to shareholders year to date, including EUR 140 million of dividends and EUR 310 million of buybacks.

Asset management growth: Fee-paying assets under management rose to EUR 37.8 billion, up 30% versus last year, and management confirmed it is still targeting more than EUR 200 million of FRE in 2026.

Portfolio progress: Wendel said its unlisted investments performed well overall, while Stahl and IHS divestitures are underway and part of a broader EUR 7 billion capital-proceeds plan.

Market tone: Management described private credit fundraising as strong at the institutional level, but said retail outflows remain a headwind, especially for Monroe’s nontraded BDC business.

Key Financials
Assets under management
EUR 48.7 billion
Fee-paying assets under management
EUR 37.8 billion
Management fees
EUR 226 million
Fee-related earnings
EUR 87.1 million
Fee-related earnings
EUR 95 million
Fully diluted NAV per share
EUR 158.9
Dividend paid per share
EUR 3.6
Capital returned to shareholders
EUR 450 million
Share buyback
EUR 310 million
Dividend returned to shareholders
EUR 140 million
Net income, Group share
EUR 69.5 million
Net income from asset management platform
EUR 78 million
Net income from WPI portfolio
EUR 391 million
Operating expenses
EUR 36 million
Net income from operations
EUR 418 million
IFRS net income
EUR 321 million
Loan-to-value ratio
7.8%
Cash
EUR 500 million
Average bond maturity
6 years
Average bond coupon
2.8%
Dry powder
EUR 12 billion
New fee-paying AUM added in H1
EUR 4.2 billion
New equity raised in H1
EUR 2.2 billion
Committed Advisors fundraising
EUR 1.2 billion
Monroe Capital deployment
$3.5 billion

Other Earnings Calls

2026
2020