CLERHP Reports Strong H1 2026 Results and Strategic Shift Toward Property Development
Spanish group CLERHP has reported a significant financial turnaround in the first half of 2026, transitioning from an engineering-focused firm to a property developer. The company's balance sheet grew by 43% to USD 163.84 million, driven largely by a USD 308 million increase in land holdings value. Revenue rose 2.25% year-over-year to USD 7.20 million, while EBITDA saw a robust growth of 28.64%, reaching USD 4.61 million. A key driver for this growth is the Larimar City & Resort project in the Dominican Republic, which has achieved cumulative sales of USD 410.10 million. While these sales are not yet fully reflected in current income statements due to revenue recognition timing, they represent significant future value. The company also secured investment-grade A- credit ratings for its USD 75 million financing programme.
Topics: Credit Rating Upgrade EBITDA Improvement Property Development Revenue Growth Strategic Plan
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