Earnings release
Page 1
September 3 , 2026 Strong first half year Morefield Group Revenue and profit continued to grow Morefield Group ( hereafter : Morefield ) has had a strong first half of 2026. Turnover rose from 66.0 million to 99.7 million euros , an increase of 51 percent . It is noted that Naviva was acquired in May 2025 and therefore only contributed 1 month to the 2025 half - year result . 11 percent growth in revenue at Kersten There is also an underlying growth . Kersten's turnover rose from 61.1 million euros to 68.0 million euros in the first half of the year , a growth of 11 percent . Kersten has an excellent reputation as a sustainable supplier of medical devices and is committed to reuse . Kersten has obtained the Circular Step 4 Performance Ladder certificate and is therefore a leader in the field of circularity in the sector . Kersten also leads the way with the PSO quality mark , including employership . As a result , more and more healthcare institutions are opting for Kersten and the company is growing faster than the market . Due to cost increases , in particular from personnel and transport , revenue growth in the first half of 2026 does not yet translate into a higher EBITDA . Positive development Naviva Naviva developed positively in the first half of the year . The market is directly correlated with the number of deliveries in the Netherlands . That number has been relatively stable for years . For Naviva , the number of treatments , productivity and absenteeism show a positive development . Naviva also benefits from its good reputation in the industry . Naviva's revenue contribution in the first half of 2026 amounted to 31.7 million euros . Significant increase in net profit Morefield's EBITDA grew in the first half of the year , thanks to the full contribution of Naviva , from 11.8 to 14.1 million euros . Net profit in the first six months amounted to 4.1 million euros , compared to 2.2 million euros in the same period in 2025. The profit accrued to shareholders was 4.0 million euros compared to 2.0 million euros in 2025 . Noted that this net profit includes one - off securities , which contribute a total of 0.8 million euros . This relates , among other things , to the repayment of the vendor loan at Naviva . Earnings per share rose from 3.2 to 6.4 cents for the first half year . The diluted earnings per share increased from 3.0 to 5.1 cents . Equity increased due to the half - year profit achieved , while the balance sheet total fell due to the reimbursement of the Naviva vendor loan . As a result , the balance sheet ratios have been further improved .