HAL Trust Trades at Significant Discount as Estimated NAV Hits €255

Key Facts

1HAL's disclosed NAV per share stood at €181.84 at the end of December 2025.

2The market price of listed holdings rose by 21.4% between year-end and March 31, 2026.

3Full value per share is estimated close to €255, accounting for a potential divestment of Atlas.

A recent financial analysis indicates that HAL Trust continues to trade at a substantial discount relative to its estimated Net Asset Value (NAV). While the disclosed NAV per share was €181.84 at the end of 2025, the market value of its listed holdings surged by 21.4% by March 2026. Analysts now estimate the full intrinsic value per share to be approximately €255, factoring in a potential divestment of Atlas. This significant gap between the current trading price and the underlying asset value suggests a bullish outlook for the stock. The upward trend in the value of its core holdings is expected to drive price appreciation as the market corrects the valuation discrepancy. Investors remain focused on the company's strategic moves to unlock value from its private portfolio.