Market announcement
AS Pro Kapital Grupp
LEI code
097900BGM10000061519
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
18637
Attachments
Submission date and time
22.05.2026 17:20:01
Content of announcement in Estonian
Title
Pro Kapitali nõukogu kinnitas 2026. a I kvartali ja 3 kuu konsolideeritud vahearuande (auditeerimata)
Message
TEGEVUSARUANNE
Kinnisvaraarendus
Tallinn
Kristiine Citys, Uus-Kindrali arendusprojektis jätkus aktiivne ehitus- ja
müügitegevus. Aasta alguseks oli valges majas (Talli 3 / Sammu 8) edukalt üle
antud 39 korterit ning 2026. aasta esimeses kvartalis jätkati korterite
üleandmisega klientidele. Aruande avaldamise hetkeks oli 91 korterist saadaval
veel 15.
Samaaegselt jätkus ehitustegevus valge maja kõrval asuval kinnistul Sammu tn 10
/ Seebi tn 24a, kuhu rajatakse teine 7-korruseline, 90 korteriga eluhoone (must
maja). 2026. aasta esimese kvartali lõpu seisuga oli hoone valminud ligikaudu
60% ulatuses ning selle lõplik valmimine on plaaneritud 2026. aasta oktoobrisse-
novembrisse. Aruande avaldamise hetkeks on mustas majas müüdud 36 korterit.
Lisaks käivitas Grupp Kristiine City elamuarenduse järgmise etapi Musketäri
Majad. Aadressil Sammu tn 7 / Talli tn 1 / Rivi tn 8 paiknev arendus hõlmab
kahte 6- ja 7-korruselist eluhoonet kokku 144 korteriga. Esimeses kvartalis
alustati broneerimislepingute sõlmimist ning aruande avaldamise hetkeks oli
veidi üle 15% kogu müüdavast pinnast broneeritud.
Tulevikku vaadates on Kristiine Citys aktiivselt ettevalmistamisel neli uut
arendusprojekti, mille raames tegeletakse projekteerimise ning ehituslubade
taotlemisega Tallinna Linnaplaneerimise Ametilt. Kavandatavad arendused lisavad
Kristiine Citysse ligikaudu 35 000 ruutmeetrit brutopinda, kuhu on planeeritud
umbes 350 korterit. Neist ligikaudu 95% on elamupinnad ja 5% äripinnad,
tugevdades veelgi meie kohalolekut selles hästi arenenud linnapiirkonnas.
Aruande avaldamise seisuga on Tondi 53 projektile (?Dunte") väljastatud
ehitusluba ning projekteerimistööd on lõpetatud. Tondi tänaval asuvasse
ajaloolisesse hoonesse rajatakse ligikaudu 160 korterit. Ülejäänud projektide
ehituslubade väljastamist on oodata 2026. aasta teises kvartalis.
Kalaranna Kvartalis on ehitustegevus lõpetatud ning jätkub projekti aktiivne
turundus- ja müügitegevus. Käesoleva aruande avaldamise hetkeks on
müügilepingutega kaetud ligikaudu 66% kõigist müüdavatest pindadest (m²).
Riia
2026. aasta esimeses kvartalis jätkas Grupp Riias, Kl?versala kvartalis asuva
Blue Marine Residence'i projekti plaanipärast arendustegevust.
Kvartali lõpuks olid lõpetatud kõik kaevepiirde tugiseinte ehitustööd ning
valatud oli hoone vundamendiplaat. Lisaks olid sõlmitud peamised ehituslepingud,
mis hõlmasid nii monoliitsete raudbetoonkonstruktsioonide ehitustöid, kui ka
hoone maapealse osa monteeritavate raudbetoonelementide tootmist ja
paigaldamist, samuti akende tarnet ja paigaldust.
Samaaegselt jätkas Grupp aktiivset turundus- ja müügitegevust, eesmärgiga tõsta
Kl?versala kvartali nähtavust ja atraktiivsust ning toetada projekti müüki.
Vilnius
2026. aasta esimeses kvartalis jõudis Vilniuses arendatava City Villas'e
ehitustegevus lõppjärku. Attico hoone, mis koosneb nii elu- kui äripindadest on
valminud ning kõik kasutusloa saamiseks vajalikud dokumendid on esitatud
vastavatele ametiasutustele. Samaaegselt jätkas Grupp müügitegevusega ning
sõlmis veel viis uut müügilepingut. Aruande avaldamise hetkeks on City Villase
ja Attico arenduse kogupinnast müüdud ligikaudu 43%.
Lisaks jätkus Vilniuses Naugarduko tänaval Borgo arendusprojekti
ettevalmistamine. Projekti raames kujundatakse endine koolihoone ümber
eksklusiivseks elamuarenduseks, kuhu rajatakse ligikaudu 50 luksuslikku korterit
vaadetega Vilniuse vanalinnale. Aruande avaldamise seisuga on projektile
väljastatud ehitusluba ning ehitustööde algus on kavandatud 2026. aasta teise
poolde.
Hotellide opereerimine
Hotelli esimese kvartali tulemused peegeldasid perioodile omast hooajalisust,
mida iseloomustas madalam täitumus nii puhkusereisijate kui ka äriklientide
nõudluse vähenemise tõttu. Hotelli tegevusaktiivsus püsis üldjoontes eelmise
aasta tasemel. Müügitulu jäi küll ootustele alla, kuid sellest hoolimata paranes
kasumlikkus võrreldes eelmise aasta sama perioodiga.
Teise kvartali väljavaade püsib üldiselt positiivne, kuna nõudlus nii
puhkusereisijate kui ka MICE-segmendi (kohtumised, motivatsiooniüritused,
konverentsid ja messid) poolt näitab järkjärgulist kasvu. Kuigi tegevuskeskkonda
mõjutab jätkuvalt kulusurve, eeskätt energiahindade tõttu, keskendub Grupp
operatiivse tõhususe parandamisele ning on heas positsioonis, et saada kasu
oodatavast hooajalisest turuaktiivsuse kasvust.
Muud projektid
Grupi Itaalia üksused - Preatoni Nuda Proprietà (PNP) ja Preatoni
Intermediazioni Immobiliari (PII) - tegutsesid 2026. aasta esimeses kvartalis
väljakutseid pakkuvas turuolukorras, mis peegeldas Itaalia kinnisvarasektori
laiemat aeglustumist. Muutused bare ownership'i turul mõjutasid nii klientide
leidmise võimalusi kui ka konkurentsiolukorda.
Muutunud turuolukorras jätkas Grupp oma ärimudeli edasiarendamist ning alustas
uute tehisintellektil põhinevate tööriistade kasutuselevõttu eesmärgiga
tugevdada koostööd kohalike kinnisvarabüroodega ja suurendada äritegevuse
kasvuvõimekust. Kuigi turul valitseb jätkuvalt ettevaatlikkus, võivad need
algatused toetada Grupi edasist kasvu pikemas perspektiivis.
Kokkuvõte
2026. aasta esimene kvartal tähistas Grupile järjekordset edukat perioodi, mille
jooksul jätkus aktiivne ehitus-, müügi- ja arendustegevus kõigil meie
põhiturgudel. Samal ajal kui Baltikumi tegevused jätkusid stabiilselt, keskendus
Grupp Itaalias oma äriprotsesside ja müügistrateegia kohandamisele vastavalt
muutuvatele turutingimustele.
Lisaks igapäevasele äritegevusele püsis juhtkonna tähelepanu ka pikaajalise
väärtuse loomisel, tuginedes läbimõeldud projektivalikule, kontrollitud
elluviimisele ja hoolikale kapitalijuhtimisele. Hoolimata makromajanduslikust
keskkonnast, mis on teatud segmentides endiselt keeruline, toetavad Grupi
pikaajalist arengut geograafiline hajutatus, tuntud kaubamärk ning ulatuslik
arendusportfell märkimisväärse tulevikupotentsiaaliga.
Vaadates tulevikku, püsib juhtkond mõõdukalt optimistlik. Grupp jätkab 2026.
aastal aktiivsete ehitusprojektide elluviimist, valminud korterite müüki ning
uute arenduste käivitamist, toetudes tugevale projektide portfellile Balti
riikides ja Itaalias.
Juhatuse nimel soovin tänada meie töötajaid, kliente, investoreid ja
äripartnereid nende jätkuva usalduse ja pühendumuse eest.
Edoardo Preatoni
Ettevõtte juht
Peamised finantsnäitajad
Grupi 2026. aasta esimese kolme kuu kogukäive oli 15,1 miljonit eurot, kasvades
2,6 miljoni eurot (21%), võrreldes eelnevaperioodiga (2025 3M: 12,5 miljonit
eurot).
Grupi käive kinnisvara müügist sõltub eelkõige elamuarenduste valmimise ajast,
kuna müügitulu kajastatakse hetkel, mil sõlmitakse notariaalne müügileping ja
ruumid antakse ostjale üle. Seetõttu on kinnisvara müügist saadavad tulud
tihedalt seotud ehitustsükli ning projektide valmimise ajastusega.
Grupi 2026. aasta esimese kolme kuu müügitulu kujunes peamiselt Tallinnas
Kalaranna Kvartali ja Uus-Kindrali arendustes ning Vilniuses City Villas
projektis valminud korterite üleandmistest.
Grupi brutokasum oli 2026. aastal esimese kolme kuu jooksul 5,7 miljonit eurot,
võrreldes 4,2 miljoni euroga 2025.aasta samal perioodil.
Grupi ärikasum ulatus 2026. aasta esimese kolme kuu jooksul 4,0 miljoni euroni
(2025 3 kuud: 2,5 miljonit eurot).
Grupi puhaskasum oli 2026. aasta esimese kolme kuu jooksul 2,8 miljonit eurot,
võrreldes 1,9 miljoni euro suuruse puhaskasumiga 2025. aasta samal perioodil.
Rahavood põhitegevusest olid 2026. aasta esimese kolme kuu jooksul positiivsed,
ulatudes 10,0 miljoni euroni, võrreldes 2025. aasta sama perioodi 1,3 miljoni
euro suuruse positiivse rahavooga.
Aktsia puhasväärtus oli 31. märts 2026. seisuga 1,17 eurot (31. märts
2025: 0,94 eurot).
Peamised finantsnäitajad
2026 3 kuud 2025 3 kuud 2025 12 kuud
------------------------------------------------------------------------
Käive (tuhat eurot) 15 054 12 450 53 162
Brutokasum (tuhat eurot) 5 659 4 207 18 795
Brutokasum, % 38% 34% 35%
Ärikasum (tuhat eurot) 3 977 2 542 14 733
Ärikasum, % 26% 20% 28%
Puhaskasum (tuhat eurot) 2 811 1 890 12 041
Puhaskasum, % 19% 15% 23%
Kasum aktsia kohta (eurot) 0,05 0,04 0,22
31.03.2026 31.03.2025 31.12.2025
-------------------------------------------------------------------------
Varad kokku (tuhat eurot) 121 180 121 074 124 490
Kohustised kokku (tuhat eurot) 55 042 67 963 61 163
Omakapital kokku (tuhat eurot) 66 138 53 111 63 327
Võla / omakapitali suhe * 0,83 1,28 0,97
Varade tootlus, % ** 2,3% 1,7% 9,9%
Omakapitali tootlus, % *** 4,7% 3,5% 21,5%
Aktsia puhasväärtus, eurot **** 1,17 0,94 1,12
*võla / omakapitali suhe = kohustised kokku / omakapital kokku
**varade tootlus = puhaskasum / varad kokku (keskmine)
*** omakapitali tootlus = puhaskasum / omakapital kokku (keskmine)
**** aktsia puhasväärtus = omakapital kokku / aktsiate arv
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated interim statement of financial position
tuhandetes eurodes 31.03.2026 31.03.2025 31.12.2025
---------------------------------------------------------------------------
VARAD
Käibevara
Raha 4 768 3 949 5 143
Lühiajalised nõuded 5 165 3 181 5 645
Ettemaksed 508 397 287
Varud 63 501 57 634 57 503
---------------------------------------------------------------------------
Käibevara kokku 73 942 65 161 68 578
Põhivara
Pikaajalised nõuded 13 315 324
Materiaalne põhivara 8 364 7 520 7 836
Kasutusõigusega varad 836 449 781
Kinnisvarainvesteeringud 34 855 44 335 43 516
Firmaväärtus 0 863 0
Immateriaalne põhivara 1 270 2 431 1 555
---------------------------------------------------------------------------
Põhivara kokku 45 338 55 913 54 012
Müügiks hoitavad varad 1 900 0 1 900
Müügiks hoitavad varad kokku 1 900 0 1 900
VARAD KOKKU 121 180 121 074 124 490
KOHUSTISED JA OMAKAPITAL
Lühiajalised kohustised
Lühiajalised võlakohustused 12 016 17 354 30 046
Ostjate ettemaksed 5 861 8 616 5 888
Võlad tarnijatele ja muud võlad 6 694 7 202 5 447
Maksuvõlad 1 150 1 171 2 562
Lühiajalised eraldised 116 5 116
---------------------------------------------------------------------------
Lühiajalised kohustised kokku 25 837 34 348 44 059
Pikaajalised kohustised
Pikaajalised võlakohustused 27 324 31 466 15 053
Muud pikaajalised kohustused 8 6 8
Edasilükkunud tulumaksukohustis 1 641 1 950 1 813
Pikaajalised eraldised 232 193 230
---------------------------------------------------------------------------
Pikaajalised kohustised kokku 29 205 33 615 17 104
KOHUSTISED KOKKU 55 042 67 963 61 163
Emaettevõtte omanikele kuuluv
omakapital
Aktsiakapital nimiväärtuses 11 338 11 338 11 338
Ülekurss 5 661 5 661 5 661
Kohustuslik reservkapital 1 134 1 134 1 134
Ümberhindluse reserv 2 322 1 977 2 322
Jaotamata kasum 45 558 32 518 42 691
-------------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital
kokku 66 013 52 628 63 146
Vähemusosalus 125 483 181
---------------------------------------------------------------------------
OMAKAPITAL KOKKU 66 138 53 111 63 327
KOHUSTISED JA OMAKAPITAL KOKKU 121 180 121 074 124 490
Consolidated interim statements of comprehensive income
2025 3
tuhandetes eurodes 2026 3 kuud kuud 2025 12 kuud
-------------------------------------------------------------------------------
JÄTKUVAD TEGEVUSVALDKONNAD
Äritulud
Müügitulu 15 054 12 450 53 162
Müüdud kaupade ja teenuste kulu -9 395 -8 243 -34 367
-------------------------------------------------------------------------------
Brutokasum 5 659 4 207 18 795
Turustuskulud -294 -286 -1 213
Üldhalduskulud -1 419 -1 326 -5 659
Muud äritulud 44 12 3 824
Muud ärikulud -13 -65 -1 014
-------------------------------------------------------------------------------
Ärikasum 3 977 2 542 14 733
Finantstulud 10 13 40
Finantskulud -639 -745 -2 615
-------------------------------------------------------------------------------
Kasum enne maksustamist 3 348 1 810 12 158
Tulumaks -537 80 -117
-------------------------------------------------------------------------------
Aruandeperioodi kasum 2 811 1 890 12 041
Aruandeperioodi kasumi jaotus:
Emaettevõtte omanikud 2 867 1 995 12 314
Vähemusosalus -56 -105 -273
Muu koondkasum
Kirjed, mida ei liigitata hiljem ümber
kasumiaruandesse
Muudatused kinnisvara ümberhindluse
reservis 0 0 345
Aruandeperioodi muu koondkasum 0 0 345
-------------------------------------------------------------------------------
Aruandeperioodi koondkasum kokku 2 811 1 890 12 386
Aruandeperioodi puhastulemi
jaotus:
Emaettevõtte omanikud 2 867 1 995 12 659
Vähemusosalus -56 -105 -273
Kasum aktsia kohta (eurodes) 0,05 0,04 0,22
Aruande täisversiooni leiate juuresolevas failis.
Ann-Kristin Kuusik
Finantsjuht
+372 614 4920
[email protected]
Content of announcement in English
Title
Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2026 (Unaudited)
Message
MANAGEMENT REPORT
Real Estate Development
Tallinn
In Kristiine City, the Group continued to progress the Uus-Kindrali development
through ongoing sales and construction activities.
By year-end, 39 apartments in the white building (Talli 3 / Sammu 8) had already
been handed over to customers, with further handovers completed during the first
quarter of 2026. As of the publication date of this report, 15 of the 91
apartments remained available for sale.
At the same time, construction continued on a second seven-storey residential
building with 90 units at Sammu 10/Seebi 24a (the black building), located next
to the white building. By the end of the first quarter of 2026, construction
completion had reached approximately 60% and is on schedule for substantial
completion in October-November 2026. As of the publication date of this report,
36 units in the black building had been sold.
In addition, the Group launched another phase of residential development in
Kristiine City. The new project, named Musketäri Majad, located at Sammu 7 /
Talli 1 / Rivi 8, comprises two buildings of six and seven storeys with a total
of 144 residential units. Reservations commenced during the first quarter and,
as of the publication date of this report, slightly more than 15% of the total
sales area was already reserved by buyers.
Looking ahead, the Group continued progressing the next stages of its Kristiine
City development portfolio through ongoing design and permitting activities for
four additional projects submitted to the Tallinn City Planning Department.
These developments are expected to add approximately 35,000 square metres of
gross building area (GBA), comprising around 350 units, predominantly
residential (approximately 95% residential and 5% commercial), further
strengthening our presence in this well-established urban area. As of the
publication date of this report, the Tondi 53 project ("Dunte") has obtained a
building permit and completed the design phase. The project will comprise
approximately 160 apartments in a historic building located on Tondi Street.
Building permits for the remaining projects are expected in the second quarter
of 2026.
In Kalaranna District, construction works have been completed, and sales and
marketing activities for the remaining inventory are ongoing. To date,
approximately 66% of the total sellable area has been sold.
Riga
In Riga, the Blue Marine Residence project within the Kl?versala Quarter
continued to progress according to plan during the first quarter of 2026. By
quarter-end, all retaining wall works for the construction pit had been
completed and the foundation slab had been poured. In addition, the Group had
concluded key construction contracts covering the in-situ reinforced concrete
works, as well as the production and installation of precast reinforced concrete
elements and windows for the above-ground structure.
At the same time, the Group continued active sales and marketing efforts to
further enhance the visibility and attractiveness of the Kl?versala Quarter.
Vilnius
In Vilnius, construction works at the City Villas development were nearing final
completion by the end of the first quarter of 2026. The Attico building,
comprising both residential and commercial units, was completed and delivered to
the relevant authorities during the quarter. At the same time, the Group
continued sales activities and entered into real rights agreements for five
additional units. As of the publication date of this report, nearly 43% of the
total sellable area within the City Villas and Attico developments had been
sold.
The Group also continued preparations for its latest development project in
Vilnius, Borgo, located on Naugarduko Street. The project will transform a
former school building into a distinctive high-end residential complex
comprising approximately 50 luxury apartments. As of the publication date of
this report, the building permit has been obtained, and construction is expected
to commence during the second half of 2026.
Hotel operations
The hotel's first quarter performance reflected the typical seasonal softness of
the period, with lower occupancy levels resulting from weaker demand from both
leisure and business segments. Overall activity levels remained broadly in line
with the prior year. While revenue performance was below expectations,
profitability improved compared to the same period last year.
Looking ahead, the outlook for the second quarter remains generally positive,
supported by gradually strengthening demand from both leisure tourism and the
MICE segment. While the operating environment continues to be affected by cost
pressures, particularly related to energy prices, the Group remains focused on
operational efficiency and is well positioned to benefit from the expected
seasonal improvement in market activity.
Other operations
The Group's Italian operations, led by Preatoni Nuda Proprietà (PNP) and
Preatoni Intermediazioni Immobiliari (PII), operated in a challenging market
environment during the first quarter of 2026, reflecting the broader slowdown in
the Italian real estate sector. At the same time, changes in market dynamics
within the bare ownership segment continued to reshape client acquisition
channels and competitive positioning.
In response, the Group continued refining its commercial model and initiated the
implementation of new AI-supported tools aimed at strengthening cooperation with
local real estate agencies and improving scalability of operations. While market
conditions remain cautious, management believes these initiatives may support
future growth opportunities in the medium term.
Conclusion
The first quarter of 2026 marked another period of operational progress for the
Group, with construction activities, sales execution and development planning
advancing simultaneously across all our core markets. While the Baltic
operations continued to perform steadily, the Group also continued refining its
commercial approach and operational processes in Italy in response to changing
market dynamics.
Alongside day-to-day operations, management remained focused not only on current
deliveries, but also on preserving long-term value through disciplined project
selection, controlled execution and careful capital allocation. Despite a
macroeconomic environment that remains selective and, in certain segments,
challenging, the Group continues to benefit from a geographically diversified
portfolio, a recognised brand and a significant development pipeline with
embedded future potential.
Looking ahead, management remains cautiously optimistic. The Group enters the
remainder of 2026 with active construction sites, completed inventory available
for monetisation, new developments approaching launch phase and a solid medium-
term project pipeline across the Baltics and Italy.
On behalf of the Management Board, I would like to thank our employees, clients,
investors and business partners for their continued trust and commitment.
Edoardo Preatoni
CEO
Key financials
The total revenue of the Group for the three months of 2026 was EUR 15.1
million, which increased by EUR 2.6 million (21%) compared to the same period in
2025 (2025 3M: EUR 12.5 million).
Revenue from real estate sales is recognised at the moment when the notarial
sales agreement is signed and legal title to the property is transferred to the
buyer. Therefore, revenue from real estate sales is closely linked to the
construction cycle and the timing of project completions.
During the three months of 2026, the Group's revenue was mainly supported by the
handover of completed apartments in the Kalaranna District and Uus?Kindrali
developments in Tallinn, as well as in the City Villas project in Vilnius.
Gross profit for the first three months of 2026 amounted to EUR 5.7 million
compared to EUR 4.2 million in the same period of 2025.
Operating profit reached EUR 4.0 million during the period (2025 3M: EUR 2.5
million).
The Group's net profit for the first three months of 2026 was EUR 2.8 million
profit, compared to EUR 1.9 million profit in the reference period.
Cash generated from operating activities during the first three months of 2026
amounted to EUR 10.0 million, compared with EUR 1.3 million in the same period
of 2025.
Net assets per share were EUR 1.17 as at 31 March 2026 (31 March 2025: EUR
0.94).
Key performance indicators
2026 3M 2025 3M 2025 12M
-----------------------------------------------------------
Revenue, th, EUR 15 054 12 450 53 162
Gross profit, th. EUR 5 659 4 207 18 795
Gross profit, % 38% 34% 35%
Operating result, th. EUR 3 977 2 542 14 733
Operating result, % 26% 20% 28%
Net profit, th. EUR 2 811 1 890 12 041
Net profit, % 19% 15% 23%
Earnings per share, EUR 0.05 0.04 0.22
31.03.2026 31.03.2025 31.12.2025
-----------------------------------------------------------------------------
Total Assets, th. EUR 121 180 121 074 124 490
Total Liabilities, th. EUR 55 042 67 963 61 163
Total Equity, th. EUR 66 138 53 111 63 327
Debt/ Equity * 0.83 1.28 0.97
Return on Assets, % ** 2.3% 1.7% 9.9%
Return on Equity, % *** 4.7% 3.5% 21.5%
Net asset value per share, EUR **** 1.17 0.94 1.12
*debt / equity = total debt / total equity
**return on assets = net profit / total average assets
***return on equity = net profit / total average equity
****net asset value per share = net equity / number of shares
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated interim statement of financial position
in thousands of euros 31.03.2026 31.03.2025 31.12.2025
-------------------------------------------------------------------------------
ASSETS
Current assets
Cash 4 768 3 949 5 143
Current receivables 5 165 3 181 5 645
Prepayments 508 397 287
Inventories 63 501 57 634 57 503
-------------------------------------------------------------------------------
Total current assets 73 942 65 161 68 578
Non-current assets
Non-current receivables 13 315 324
Property, plant and equipment 8 364 7 520 7 836
Right-of-use-assets 836 449 781
Investment property 34 855 44 335 43 516
Goodwill 0 863 0
Intangible assets 1 270 2 431 1 555
-------------------------------------------------------------------------------
Total non-current assets 45 338 55 913 54 012
Assets held for sale 1 900 0 1 900
Total assets held for sale 1 900 0 1 900
TOTAL ASSETS 121 180 121 074 124 490
LIABILITIES AND EQUITY
Current liabilities
Current debt 12 016 17 354 30 046
Customer advances 5 861 8 616 5 888
Trade and other payables 6 694 7 202 5 447
Tax payables 1 150 1 171 2 562
Short-term provisions 116 5 116
-------------------------------------------------------------------------------
Total current liabilities 25 837 34 348 44 059
Non-current liabilities
Non-current debt 27 324 31 466 15 053
Other non-current payables 8 6 8
Deferred income tax liabilities 1 641 1 950 1 813
Long-term provisions 232 193 230
-------------------------------------------------------------------------------
Total non-current liabilities 29 205 33 615 17 104
TOTAL LIABILITIES 55 042 67 963 61 163
Equity attributable to equity holders of the
parent
Share capital in nominal value 11 338 11 338 11 338
Share premium 5 661 5 661 5 661
Statutory reserve 1 134 1 134 1 134
Revaluation surplus 2 322 1 977 2 322
Retained earnings 45 558 32 518 42 691
-------------------------------------------------------------------------------
66 013 52 628 63 146
Non-controlling interest 125 483 181
-------------------------------------------------------------------------------
TOTAL EQUITY 66 138 53 111 63 327
TOTAL LIABILITIES AND EQUITY 121 180 121 074 124 490
Consolidated interim statements of comprehensive income
in thousands of euros 2026 3M 2025 3M 2025 12M
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CONTINUING OPERATIONS
Operating income
Revenue 15 054 12 450 53 162
Cost of sales -9 395 -8 243 -34 367
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Gross profit 5 659 4 207 18 795
Marketing expenses -294 -286 -1 213
Administrative expenses -1 419 -1 326 -5 659
Other operating income 44 12 3 824
Other operating expenses -13 -65 -1 014
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Operating profit 3 977 2 542 14 733
Finance income 10 13 40
Finance cost -639 -745 -2 615
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Profit before income tax 3 348 1 810 12 158
Income tax -537 80 -117
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Profit for the period 2 811 1 890 12 041
Attributable to:
Equity holders of the parent 2 867 1 995 12 314
Non-controlling interest -56 -105 -273
Other comprehensive income
Items that will not be reclassified subsequently to
profit
Net change in asset revaluation reserve 0 0 345
Other comprehensive income for the
period
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Total comprehensive income for the
period 2 811 1 890 12 386
Attributable to:
Equity holders of the parent 2 867 1 995 12 659
Non-controlling interest -56 -105 -273
Earnings per share (Basic) EUR 0.05 0.04 0.22
The full report can be found in the file attached.
Ann-Kristin Kuusik
CFO
+372 614 4920
[email protected]