Oakley Capital Investments(DE:34O)
€6.250.00 (0.00%)
DE:34O
Oakley Capital Investments earnings date
€6.25
At close:0.00 (0.00%)
Oakley Capital Investments (34O) Q2 2026 Earnings Report
1 Followers
DE:34O Q2 2026 EPS Results
- Actual EPS
- EUR 0.48
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- EUR 0.50
DE:34O Q2 2026 Revenue Results
- Actual Revenue
- -EUR 7.37M
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- -129.75%
Earnings Announcement Details
- Quarter
- Q2 2026
- Date
- 09/10/2026
- Time
- Before Open
- Conference Call
- Thursday, September 10, 2026
DE:34O Upcoming Earnings
Oakley Capital Investments's next earnings date is estimated for March 18, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly optimistic, supported by a 6% first-half NAV return, 15% long-term NAV and shareholder return CAGRs, strong contributions from Phenna, North Sails, and TechInsights, significant progress in Touring Fund investments, and an active pipeline of investments and realizations. Offsetting concerns included the 33% share price discount to NAV, liquidity cover below the 18-24 month target, 9% average weighted organic EBITDA growth being below expectations, selected portfolio underperformance, FX headwinds, pricing mismatches, and risks around exits and Time Out's over-indebted balance sheet. Highlights significantly outweighed the lowlights.
Company Guidance
OCI expects the 9% organic average weighted earnings growth to rise, with the large number of deals completed in the last two years becoming bigger contributors to NAV growth as the positions mature. It expects continued realizations, with at least four realizations hoped to complete over the next 12 months, and possible exits and refinancings having the scope to return up to GBP 200 million to OCI, although there is clear timing and execution risk; two or three portfolio company refinancings are possible in the next six months. Given history, annual drawdowns are expected to be between GBP 150 million to GBP 200 million, while OCI would typically target more like 18-24 months cover. OCI remains committed to acquire a minimum of GBP 20 million of stock this year and expects to increase the target as cash proceeds allow.
- NAV Growth and Long-Term ReturnsNet asset value stood at GBP 1.29 billion, equivalent to 782 pence per share, generating a total NAV return of 6% in the first half of 2026. The 10-year total NAV return CAGR was 15%, matching the 15% annual compound shareholder return over the same period.
- Portfolio Performance Drove First-Half NAV GrowthNAV per share increased from 738 pence at the start of the year to 782 pence at the end of June. Underlying portfolio performance generated 56 pence of unrealized gains, with 80% driven by earnings growth and the balance by multiple movement on a small number of assets.
- Share Buybacks Added NAV AccretionShare buybacks added 3 pence per share during the first half as shares were purchased and canceled at a significant discount to NAV. OCI repurchased GBP 9.4 million of shares to June and GBP 13 million year-to-date, delivering 4 pence of accretion.
- Business Services Became the Largest SectorBusiness services became OCI's largest sector, supported by investment activity and strong growth in platforms including Phenna and TechInsights. Technology was the second-largest sector, reflecting new first-half investments and the inclusion of Touring and PROfunders venture investments.
- Diversified Geographic ExposureOf the 41 companies in the buyout funds, seven are domiciled in the U.K. and 10 in German-speaking nations. Spain, Italy, and France are becoming increasingly significant areas of exposure, reflecting founder-led opportunities and lower levels of private equity penetration.
- Promising Smaller Portfolio CompaniesG3, Assured Data Protection, and NOX were highlighted as smaller potential growth companies, each with earnings growth exceeding 40% and a large runway for expansion. K12, Artemis, and Tiger were also identified as homegrown platforms with significant expected capital deployment.
- Phenna Delivered Strong Growth and M&APhenna contributed 13 pence per share to NAV in the first half, with continued organic growth and strong M&A momentum. It signed 15 acquisitions year-to-date, bringing total acquisitions during OCI's ownership to 71, and scaled from GBP 50 million of EBITDA at entry to over GBP 200 million today.
- North Sails and TechInsights Were Major ContributorsNorth Sails contributed 9 pence per share, driven by performance in the mass and premium sail-making segments. TechInsights contributed 8 pence per share during a very strong period, supported by significant subscription revenue growth, strong renewal rates, and a more buoyant semiconductor market; it also signed the acquisition of Synergy Research Group.
- Strong Progress in Touring Fund InvestmentsExaforce, an agentic cybersecurity company in the Touring Fund, closed a GBP 125 million funding round at double the valuation at which OCI invested a year earlier. Touring's portfolio had eight markups and one early exit through SafeBase.
- CuspAI Achieved Significant Valuation GrowthTouring invested in CuspAI at an EUR 89 million post-valuation during its seed round. A little over two years later, CuspAI closed a Series B at a EUR 2.6 billion valuation, with Jeff Bezos joining the round through a $100 million check from his personal foundation.
- AI Investment Strategy and AdoptionOCI said it has invested through the lens of AI for four years and believes its AI adoption and use cases are ahead of many private equity peers. Its internal AI Lab and proprietary platform have supported deal sourcing, investment decision-making, and portfolio companies' AI initiatives.
- Hosting.com AI Solution Reduced CostsHosting.com's AI customer service solution handles at least 50% of all interactions, achieves a higher customer satisfaction rating than the human solution, and has resulted in an annual cost saving of $3 million.
- Portfolio Has Significant AI DefensibilityApproximately 70% of the portfolio involves some form of physical delivery requiring a human in the loop. Software and data assets such as Cegid account for 20% of asset value and were described as defendable systems of record that can use AI to enhance their customer position.
- Conservative Portfolio Leverage and Stable ValuationsNet Debt/EBITDA across the portfolio was 4.4x, described as prudent, with approximately 75% of portfolio company debt maturing from 2030 onwards. OCI continues to hedge at least 50% of principal on each debt transaction, while average portfolio valuation remained stable at 16.4x EV/EBITDA.
- M&A Increases Reported EBITDA GrowthAverage weighted organic EBITDA growth was 9%. Including M&A, growth was closer to 17%-18%. Phenna and Affinitas were cited as scalable platforms building scale through M&A in highly fragmented markets.
- Strong Growth at Assured Data ProtectionAssured Data Protection's sales increased by over 40% in the first half. The company doubled its employee count in the last year to support its fast pace of growth.
- Touring Fund Focused on AI-Native CategoriesTouring Capital, started in 2023, invests primarily in Series A and Series B AI-native B2B enterprise software companies. Its focus areas include vertical systems of action, physical AI, and next-generation AI infrastructure, with plans to continue adding investments in these areas.
- New Investments Expand Core Sector ExposureOCI announced or signed investments in Group SeneF, GLAS, Graphwise, and XTEL. Three of the four were founder-led and 50% were sourced outside an auction process. GLAS has achieved approximately 50% EBITDA growth over the last three years, employs more than 450 people across 16 offices, and administers over $750 billion; Graphwise has organic ARR growth of more than 30%.
- XTEL Offers Embedded Workflow Growth OpportunitiesXTEL serves more than 400 global customers and supports trade promotions that typically represent around 20% of gross revenues for consumer goods companies. OCI identified more than $170 million of white space in the top 20 accounts and plans to expand XTEL into optimization, retail execution, AI-led product features, Latin America, and Asia Pacific.
- Large Investment Pipeline and Expected RealizationsOCI evaluated over 4,000 opportunities in the last 12 months, has 50 deals in the near-term pipeline, and has approximately 500 opportunities under initial review. Four companies have entered an exit process, with expected conclusions over the next 12 months; possible exits and refinancings could return up to GBP 200 million to OCI.
- Capital Return and Future NAV DriversOCI remains committed to acquiring a minimum of GBP 20 million of stock this year. Management expects trading across the portfolio to improve, 9% organic average weighted earnings growth to rise, newer investments to become larger NAV contributors as they mature, and continued realizations and buybacks to support NAV per share.
DE:34O Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 18, 2027 | 2026 (Q4) | ―- | -0.11 | ― | ― |
| Sep 10, 2026 | 2026 (Q2) | ―0.48 | 0.5 | -3.76% (-0.02) | |
| Mar 12, 2026 | 2025 (Q4) | ―-0.11 | -0.13 | 12.04% (+0.02) | |
| Sep 11, 2025 | 2025 (Q2) | ―0.50 | 0.3 | 63.85% (+0.19) | |
| Mar 13, 2025 | 2024 (Q4) | ―-0.13 | 0.28 | -145.19% (-0.41) | |
| Sep 12, 2024 | 2024 (Q2) | ―0.30 | 0.04 | 738.71% (+0.27) | |
| Mar 14, 2024 | 2023 (Q4) | ―0.28 | 0.38 | -26.69% (-0.10) | |
| Sep 14, 2023 | 2023 (Q2) | ―0.04 | 1.09 | -96.67% (-1.05) | |
| Mar 09, 2023 | 2022 (Q4) | ―0.38 | 1.1 | -65.25% (-0.71) | |
| Sep 08, 2022 | 2022 (Q2) | ―1.09 | 0.53 | 106.67% (+0.56) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
