Stable Growth for MPC Capital AG with Strong BUY Recommendation

MPC Capital AG has shown stable revenue growth for the first half of 2025, reporting an increase of 1% year-over-year to EUR 21.6 million. The management fees saw an uptick of 5%, reaching EUR 18.0 million, while transaction services declined by 6% to EUR 3.1 million. Additionally, earnings per share rose by 18% year-over-year to EUR 0.32, and assets under management increased by 10% to EUR 5.3 billion.

The company has finalized its integration with Zeaborn, expanding its service offerings in maritime. A notable development includes the launch of the "MPC OSE Offshore" platform and a fleet renewal involving dual-fuel vessels. Despite decreased operating income, operating expenses were reduced as planned.

The equity ratio remains at a conservative 84.1%. Quirin Privatbank recommends a 'Buy', projecting over 40% upside potential. Annual guidance for 2025 is set at EUR 43-47 million in revenues.