30/04/2026
ANNOUNCEMENT Key financial figures of the 1st quarter 2026Consolidated income from investment properties amounted to € 2.5 million in the 1st quarter of 2026, compared to € 2.4 million in the respective period of 2025, recording an increase of 2.4%.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to
€ 100 thousand compared to € 234 thousand in the respective period of 2025.
Consolidated results after tax amounted to losses of € 1.6 million, compared to losses of € 331 thousand in the corresponding comparative period, due to the negative impact of the decline in the stock markets.
Consolidated Equity amounted to € 131.1 million, corresponding to € 4.18 per share.
The subsidiary company RKB delivered improved results for another quarter. In particular, total income from investment properties amounted to € 2,415 thousand vs. € 2,359 thousand in the respective quarter of 2025, recording an increase of 2.4%, EBITDA amounted to € 842 thousand vs.
€ 869 thousand, recording a decrease of 3.1% while profit after tax amounted to € 299 thousand vs. € 213 thousand, recording an increase of 40.4%. It is noted that income from investment properties and EBITDA for the 1st quarter of 2025 include amounts related to the sale of Poslovni center amounting to € 245 thousand and € 154 thousand respectively. Excluding the aforementioned amounts, total income and EBITDA of RKB for the 1st quarter of 2025 amounted to
€ 2,114 thousand and € 715 thousand, respectively, compared to € 2,415 thousand and € 842 thousand in the 1st quarter of 2026, recording an increase of 14.2% and 17.8% respectively. If the profit after tax of the 1st quarter of 2025 is adjusted to exclude the contribution from the sold property, profit for the 1st quarter of 2025 amounted to € 179 thousand vs. € 299 thousand in the 1st quarter of 2026, reflecting a significant increase of 66.5%.
On 14/04/2026 RKB entered into a notarized preliminary agreement for the sale of a plot of land located in Sombor, Serbia for a purchase price of € 575 thousand, of which an amount of € 150 thousand has already been paid as earnest money. The transaction is expected to be completed upon the fulfilment of cadastral and legal conditions. Taking into account the carrying amount (fair value) of the property in RKB's books, the completion of the sale is expected to result in a gain (before transaction costs) of approximately € 425 thousand, which will be included in the Group's results within 2026.
Summary of consolidated key financials | |||
€ thous. | 01.01- 31.03.2026 | 01.01- 31.03.2025 | Change |
Total income from investment properties | 2,466 | 2,408 | 2.4% |
Comparable total income from investment properties* | 2,466 | 2,163 | 14.0% |
EBITDA | 100 | 234 | -57.3% |
Comparable EBITDA* | 100 | 80 | 25.0% |
Loss after tax | (1,628) | (331) | |
* Excluding the effect from the sale of Poslovni | |||
Key consolidated figures of financial position | ||
€ thous. | 31.03.2026 | 31.12.2025 |
Total assets | 210,327 | 212,135 |
Total liabilities | 79,192 | 79,372 |
Total equity | 131,135 | 132,763 |
Book value per share | 4.18 | 4.23 |
RKB-Summary of key financials | |||
€ thous. | 01.01- 31.03.2026 | 01.01- 31.03.2025 | Change |
Total income from investment properties | 2,415 | 2,359 | 2.4% |
Comparable total income from investment properties* | 2,415 | 2,114 | 14.2% |
EBITDA | 842 | 869 | -3.1% |
Comparable EBITDA* | 842 | 715 | 17.8% |
Gains after tax | 299 | 213 | 40.4% |
Comparable gains after tax | 299 | 179 | 66.5% |
* Excluding the effect from the sale of Poslovni
Note: The abovementioned financial figures are unaudited.