Half-year report 2025 publishedCologne, 30 September 2025 – DF Deutsche Forfait AG (ISIN: DE000A2AA204) (DF AG) published its half-year report 2025 today.
The core business in the ‘Trade Finance’ segment continues to develop positively. Business volume rose to EUR 118.1 million in the first half of 2025 (previous year: EUR 105.1 million), exceeding expectations with an increase of around 12%. Gross profit, generated primarily from trade finance, also increased by around 23% to EUR 5.8 million (previous year: EUR 4.7 million).
Earnings before taxes (EBT) amounted to EUR 1.1 million in the first half of 2025, significantly below the previous year's figure of EUR 2.0 million. This was primarily due to the significant increase in personnel costs as a result of the acquisitions of DF Vagabund and DF Blutplasma as of the reporting date, as well as additional investments and start-up costs for the establishment of these new segments. Consolidated earnings for the first half of 2025 amounted to EUR 0.4 million or EUR 0.04 per share (previous year: EUR 1.5 million or EUR 0.12 per share).
DF AG's cash and cash equivalents totalled EUR 31.1 million as of 30 June 2025 and additionally EUR 7.0 million from other current assets.
‘The first half of 2025 was marked by investments in the DF Vagabund in Berlin and the acquisition of the assets of a blood plasma company in Bochum,’ explains CEO Dr Behrooz Abdolvand. ‘This has enabled us to further diversify our expertise in the food & beverage and health & pharmaceuticals sectors, and we are well on track to generate positive returns from these business areas in the medium term. Although the geopolitical changes in the Middle East have no direct impact on our existing business, they do affect the way we conduct our business. At the same time, we are broadening our base in order to develop new business outside our existing target markets.’
The auditors have issued a report on their audit review.
As already reported in the ad hoc announcement of 26 September 2025, the Management Board expects a slight increase in business volume of between 5% and 10% for the current financial year 2025. At the same time, gross profit is still expected to increase by 15% to 25% and earnings before taxes to decline by around 50%.
The half-year report is available on our website at https://www.dfag.de/en/investor-relations/publications/
About DF Group
The DF Group is a listed financial and investment company with business divisions in trade finance, food & beverage, and health & pharma. In its core business of foreign trade financing, the DF Group has decades of experience, a strong international network, and proven compliance expertise with a regional focus on the Middle East, Europe, and Central Asia. With its investments in the food & beverage and health & pharma sectors, the DF Group is consistently expanding its diversification strategy and developing new sources of income in high-growth industries. M&A activities are also an integral part of the business model.
Contact DF Deutsche Forfait AG
Guido Janzen
Director Investor Relations
Gustav-Heinemann-Ufer 56, 50968 Köln
T +49 221 97376-61
E investor.relations@dfag.de
www.dfag.de