• VEH posted an unaudited net loss of EUR 69,000 for the first half of 2026, swinging from a profit of EUR 193,000 a year earlier.
• Revenue fell 18.75% to EUR 2.6 million as a weak core business persisted, partly offset by several block trades above EUR 50,000.
• Net valuation losses on trading and investment books widened to EUR 73,500 from EUR 28,800 on share-price declines.
• Cut its 2026 earnings forecast to break-even from EUR 70,000, taking a EUR 70,000 provision for expected legal costs tied to “Reich Group” disputes.
• Kept its 2026 revenue outlook at EUR 4 million to EUR 5 million; said no liquidity risks are seen due to high equity funding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VEH - Valora Effekten Handel AG published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.