Ahead of Taaleri's Q2 2026 results on 12 August, we make only minor revisions to our estimates. Our changes mainly reflect the announced EUR 30m investment in Fintoil, which is likely to be completed by the end of Q3. For Q2, we model EUR 10.5m (-1% y/y) in continuing earnings and EUR 4.6m in EBIT from all segments in total (Q2 2025: EUR 4.5m). Following minimal estimate changes, we derive a slightly higher SOTP-based fair value range of EUR 8.5-9.6 ( 8.4-9.5).