Assets

The Aspo Group's long-term assets have shown a moderate increase, driven by investments in tangible assets and leased assets, which are expected to provide a stable foundation for future growth. However, the group's short-term assets have declined, indicating a reduction in cash and cash equivalents, which may impact the company's liquidity and ability to respond to changing market conditions. Overall, the group's total assets have remained relatively stable, suggesting a balanced approach to asset management, but the investment in the Green Handy vessel and other long-term assets may pose some risks to the company's financial flexibility.

Shareholders Equity

The Shareholders' Equity section of Aspo's Half-year Financial Report reveals a nuanced picture of the company's financial health. The decline in equity attributable to owners of the parent company, primarily driven by the repurchasing of own shares and dividend distributions, suggests a strategic focus on returning value to shareholders. However, the increase in non-controlling interest and total equity indicates a growing stake in the company's operations, potentially positioning Aspo for future growth and expansion.

The value of Aspo Equity at the end of Q2 2026 is 167.3 million Euros. The predicted value of Aspo Equity at the end of Q2 2027 (e) is 194.8 million Euros. The expected change in one year is 27.5 million Euros, which is an increase of 16.5% from the Q2 2026 value. The expected change in Aspo Equity from 2025 to 2026 is an increase of 37.6 million Euros, which is a 26.2% growth. From 2026 to 2027, the expected change is an increase of 22.9 million Euros, representing a 12.7% growth. The year-end values for Equity are 143.5 million Euros in 2025, 181.1 million Euros in 2026, and 204.1 million Euros in 2027.

*Future dividents are not included in prediction

Debt

Aspo's long-term debt appears to be well-managed, with a significant portion of it being utilized for financing the advance payments of vessels under construction, which is a strategic investment for the company's future growth. However, the short-term debt has increased, which may indicate a need for Aspo to optimize its working capital management and reduce its reliance on short-term financing. The gearing ratio and equity ratio suggest that Aspo's capital structure is relatively stable, but the company's ability to maintain this stability will depend on its ability to generate cash flows and manage its debt levels effectively.

The Net Debt in Q2 2026 is 184.9 million Euros. The predicted Net Debt in Q2 2027 (e) is 179.3 million Euros. The expected change in Net Debt from Q2 2026 to Q2 2027 (e) is a decrease of 5.6 million Euros. This represents a decrease of approximately 3.04% compared to the Net Debt in Q2 2026. The Net Debt is expected to decrease by 21.3 million Euros from 2025 to 2026, which is a 9.9% decrease. From 2026 to 2027, the Net Debt is expected to decrease by 24.7 million Euros, which is a 12.9% decrease. The year-end values for Net Debt are 212.8 million Euros in 2025, 191.5 million Euros in 2026, and 166.2 million Euros in 2027.