| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 102.20 | 6.2% | 7.3% |
| Total Income | 102.20 | 6.2% | 7.3% |
| Expenditure | 159.00 | 34.4% | 7.1% |
| PBT | 28.30 | 195.9% | 120.9% |
| Net Profit | 37.50 | 216.8% | 115.7% |
| OPM | -55.58% | 32.60pp | 0.31pp |
| NPM | 36.69% | 70.06pp | |
| EPS | 0.86 | 222.9% | 121.9% |
Cannae Holdings Announces Q2 2026 Financial Results
11 Aug 2026 · 11 Aug, 1:49 am
Summary
Cannae Holdings reported its second quarter 2026 financial results, highlighting significant portfolio transformation efforts including the sale of non-core assets and the acquisition of Exeter Rugby Group. The company's largest asset, Black Knight Football, achieved a historic 6th place finish in the Premier League, securing European qualification. While Alight's Adjusted EBITDA saw a year-over-year decrease, management provided a positive outlook for full-year 2026. The restaurant group faced challenges with declining same-store sales, prompting exploration of strategic alternatives. Overall, Cannae Holdings reported a net earnings of $37.5 million for the quarter, a substantial improvement from the prior year's net loss.
Key Highlights
- 1
Cannae Holdings announced its second quarter 2026 financial results, with details provided in its Letter to Shareholders.
- 2
The company has been actively repositioning its portfolio, selling two non-core assets (Brasada Ranch and 49% interest in Watkins) and acquiring Exeter Rugby Group.
- 3
Black Knight Football, Cannae's largest asset, achieved a historic milestone by finishing 6th in the Premier League, qualifying for European competition for the first time.
- 4
Bournemouth recorded record revenues in the trailing 12 months ended March 31, 2026, with a 17% increase over the prior year.
- 5
Alight's Adjusted EBITDA from continuing operations was $92 million for Q2 2026, compared to $127 million in the prior year, with management expecting full-year 2026 Adjusted EBITDA between $400 million and $415 million.
- 6
Cannae Restaurant Group experienced a 4% decline in same-store sales for The Ninety Nine and a 13% decline for O'Charley's in Q2 2026, with management exploring strategic alternatives for the group.
- 7
Cannae Holdings reported a net earnings of $37.5 million for Q2 2026, compared to a net loss of $238.8 million in the prior year's second quarter.
Management Comments
RYAN R. CASWELL
The Cannae management team remains focused on executing the strategic priorities outlined by our Board designed to drive sustained, long-term value creation for our shareholders. I am excited to report that we made meaningful progress across each of these priorities and are continuing to reposition Cannae to deliver long term shareholder returns. We remain committed to executing across each of our strategic priorities, and I am proud of the progress we achieved this quarter. I remain confident in the upside ahead for our shareholders as we continue to execute our plan. Thank you for your continued support.
Informational and educational content only. Not investment advice.