Crosswood: liquidation NAV advances to €8.37 on June 30, 2026
Real estate holding Crosswood has closed its accounts on June 30, 2026. Its revalued liquidation net asset value advances to €8.37 per share, supported by the revaluation of its stake in listed real estate company SCBSM.
At the same time, the half-year net result declined, due to a calendar effect specific to SCBSM's accounting cycle, from which Crosswood derives the bulk of its contribution.
Assets of €100.9m and net result of €1.0m
On June 30, 2026, Crosswood's total assets are valued at €100.9m, compared with €99.7m at the end of 2025. The advance in the first half of 2026 stems from the accounting revaluation of the SCBSM securities stake, amounting to +€1.3m.
Net result stands at €1.0m, compared with €1.3m in the first half of 2025. This contribution, essentially composed of SCBSM's share of results net of deferred tax, declined over the semester. SCBSM's consolidated net result advanced by +€1m over its financial year ended June 30, 2026, but this performance was generated during the first half of its financial year.
Accounting NAV of €8.37, stock market NAV of €4.55
The liquidation NAV, net of tax, amounts to €8.37 per share, compared with €8.24 on December 31, 2025. This accounting NAV uses a valuation of SCBSM based on its share of equity, i.e. €20.34 per share.
On the basis of a stock market valuation of the SCBSM stake, calculated using the SCBSM share price on June 30, 2026 (€9.75) and after tax, the liquidation NAV would amount to €4.55 per share, compared with €4.09 at the end of 2025. The difference between the two measures reflects the gap between SCBSM's book value of equity and its stock market price.
Equity of €89.0m and nil net financial debt
On June 30, 2026, Crosswood's equity amounts to €89.0m, after taking into account the half-year profit. Net financial debt is nil at the end of June 2026.
Crosswood combines direct real estate activities with support for listed real estate company SCBSM, of which it holds more than 35%. The company is listed on Euronext Paris Compartment C under ISIN code FR0000050395.
