Half-year Financial Report January – June 2026

Balance sheet

Balance sheet – HHLA subgroups

in € thousand; Port Logistics subgroup and Real Estate subgroup;
annex to the condensed notes

 

30.06.2026
Group

 

30.06.2026
Port Logistics

 

30.06.2026
Real Estate

 

30.06.2026
Consolidation

ASSETS

 

 

 

 

 

 

 

 

Intangible assets

 

225,335

 

225,302

 

33

 

0

Property, plant and equipment

 

2,368,071

 

2,345,287

 

12,062

 

10,722

Investment property

 

282,120

 

6,403

 

295,335

 

- 19,618

Associates accounted for using the equity method

 

28,487

 

28,487

 

0

 

0

Non-current financial assets

 

20,535

 

18,416

 

2,119

 

0

Deferred taxes

 

78,678

 

91,195

 

0

 

- 12,517

Non-current assets

 

3,003,226

 

2,715,089

 

309,550

 

- 21,413

 

 

 

 

 

 

 

 

 

Inventories

 

38,612

 

38,583

 

29

 

0

Trade receivables

 

249,421

 

248,692

 

728

 

0

Receivables from related parties

 

62,476

 

43,603

 

20,449

 

- 1,576

Current financial assets

 

8,253

 

8,043

 

210

 

0

Other non-financial assets

 

70,836

 

69,693

 

1,143

 

0

Income tax receivables

 

21,339

 

25,718

 

80

 

- 4,459

Cash, cash equivalents and short-term deposits

 

140,897

 

140,572

 

325

 

0

Non-current assets held for sale

 

13,928

 

13,928

 

0

 

0

Current assets

 

605,761

 

588,832

 

22,964

 

- 6,035

Balance sheet total

 

3,608,987

 

3,303,922

 

332,514

 

- 27,449

 

 

 

 

 

 

 

 

 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

Subscribed capital

 

75,220

 

72,515

 

2,705

 

0

Capital reserve

 

179,122

 

178,616

 

506

 

0

Retained earnings

 

540,730

 

462,514

 

85,365

 

- 7,149

Other comprehensive income

 

- 18,542

 

- 18,925

 

382

 

0

Non-controlling interests

 

64,006

 

64,006

 

0

 

0

Equity

 

840,535

 

758,726

 

88,959

 

- 7,149

 

 

 

 

 

 

 

 

 

Pension provisions

 

352,955

 

348,750

 

4,205

 

0

Other non-current provisions

 

119,419

 

115,376

 

4,043

 

0

Non-current liabilities to related parties

 

426,353

 

423,137

 

3,217

 

0

Non-current financial liabilities

 

1,246,346

 

1,080,613

 

165,732

 

0

Non-current non-financial liabilities

 

0

 

0

 

0

 

0

Deferred taxes

 

42,532

 

36,029

 

20,767

 

- 14,264

Non-current liabilities

 

2,187,605

 

2,003,904

 

197,965

 

- 14,264

 

 

 

 

 

 

 

 

 

Other current provisions

 

48,848

 

37,813

 

11,035

 

0

Trade liabilities

 

201,700

 

183,751

 

17,949

 

0

Current liabilities to related parties

 

124,811

 

122,181

 

4,205

 

- 1,576

Current financial liabilities

 

88,809

 

82,503

 

6,306

 

0

Current non-financial liabilities

 

101,775

 

100,092

 

1,683

 

0

Income tax liabilities

 

12,843

 

12,890

 

4,412

 

- 4,459

Liabilities directly related to non-current assets held for sale

 

2,061

 

2,061

 

0

 

0

Current liabilities

 

580,847

 

541,292

 

45,590

 

- 6,035

Balance sheet total

 

3,608,987

 

3,303,922

 

332,514

 

- 27,449

Balance sheet – HHLA subgroups

in € thousand; Port Logistics subgroup and Real Estate subgroup;
annex to the condensed notes

 

31.12.2025 Group

 

31.12.2025
Port Logistics

 

31.12.2025
Real Estate

 

31.12.2025 Consolidation

ASSETS

 

 

 

 

 

 

 

 

Intangible assets

 

238,961

 

238,926

 

35

 

0

Property, plant and equipment

 

2,270,042

 

2,246,141

 

12,968

 

10,933

Investment property

 

267,760

 

7,092

 

280,686

 

- 20,018

Associates accounted for using the equity method

 

20,764

 

20,764

 

0

 

0

Non-current financial assets

 

21,037

 

18,425

 

2,612

 

0

Deferred taxes

 

76,121

 

89,290

 

0

 

- 13,169

Non-current assets

 

2,894,685

 

2,620,637

 

296,301

 

- 22,253

 

 

 

 

 

 

 

 

 

Inventories

 

38,641

 

38,615

 

26

 

0

Trade receivables

 

205,891

 

204,239

 

1,652

 

0

Receivables from related parties

 

67,534

 

41,737

 

29,203

 

- 3,406

Current financial assets

 

6,665

 

6,467

 

198

 

0

Other non-financial assets

 

57,572

 

56,919

 

653

 

0

Income tax receivables

 

22,901

 

26,619

 

80

 

- 3,798

Cash, cash equivalents and short-term deposits

 

180,682

 

180,023

 

659

 

0

Non-current assets held for sale

 

0

 

0

 

0

 

0

Current assets

 

579,887

 

554,620

 

32,471

 

- 7,204

Balance sheet total

 

3,474,572

 

3,175,256

 

328,772

 

- 29,456

 

 

 

 

 

 

 

 

 

EQUITY AND LIABILITIES

 

 

 

 

 

 

 

 

Subscribed capital

 

75,220

 

72,515

 

2,705

 

0

Capital reserve

 

179,122

 

178,616

 

506

 

0

Retained earnings

 

545,973

 

471,835

 

81,438

 

- 7,300

Other comprehensive income

 

- 22,445

 

- 22,756

 

311

 

0

Non-controlling interests

 

59,314

 

59,314

 

0

 

0

Equity

 

837,184

 

759,525

 

84,960

 

- 7,300

 

 

 

 

 

 

 

 

 

Pension provisions

 

350,823

 

346,533

 

4,290

 

0

Other non-current provisions

 

118,170

 

114,226

 

3,944

 

0

Non-current liabilities to related parties

 

439,132

 

435,620

 

3,512

 

0

Non-current financial liabilities

 

1,168,588

 

1,000,656

 

167,932

 

0

Non-current non-financial liabilities

 

0

 

0

 

0

 

0

Deferred taxes

 

44,580

 

38,460

 

21,073

 

- 14,953

Non-current liabilities

 

2,121,293

 

1,935,495

 

200,750

 

- 14,952

 

 

 

 

 

 

 

 

 

Other current provisions

 

49,543

 

38,507

 

11,036

 

0

Trade liabilities

 

168,179

 

149,273

 

18,906

 

0

Current liabilities to related parties

 

128,725

 

127,728

 

4,403

 

- 3,406

Current financial liabilities

 

80,815

 

77,183

 

3,631

 

0

Current non-financial liabilities

 

76,295

 

75,103

 

1,192

 

0

Income tax liabilities

 

12,538

 

12,442

 

3,894

 

- 3,798

Liabilities directly related to non-current assets held for sale

 

0

 

0

 

0

 

0

Current liabilities

 

516,095

 

480,237

 

43,062

 

- 7,204

Balance sheet total

 

3,474,572

 

3,175,256

 

328,772

 

- 29,456