TKM Group's unaudited consolidated sales revenue for the third quarter of 2026 amounted to €251.7 million, representing an increase of 8.2% compared with the same period last year. Revenue for the first nine months of the year reached €735.2 million, up 8.1% year on year.
The Group's unaudited consolidated profit before tax for the third quarter of 2026 was €7.1 million, decreasing by 11.7% compared with the corresponding period a year earlier. Profit before tax for the first nine months totalled €15.3 million, down 4.2% year on year.
"The growth in third-quarter revenue was driven primarily by the car trade segment, where sales revenue increased by 39.2%. The result was supported by the recovery of automotive markets across the Baltics, a strong after-sales business, and the successful integration of the Tallinn Škoda dealerships acquired during the first half of the year," said Raul Puusepp.
"Retail trading conditions remained challenging. Consumer spending continued to be cautious, competition intensified, and Selver's performance was affected by temporary disruptions related to store openings, closures and renovations, as well as several traffic restrictions. On a positive note, e-commerce sales continued to grow, and the number of Partner Card loyalty members exceeded 758,000 by the end of September. The continued engagement of our loyal customer base gives us confidence to further develop our services, retail network and operational efficiency," Puusepp added.
During the third quarter, a new energy-efficient Selver supermarket was opened in Loo, Jõelähtme Parish. The Group also continued the renovation of existing stores and expanded the Laulasmaa Selver. In November, a new Selver supermarket will be opened in the Papiniidu district of Pärnu, replacing the existing Mai Selver. Puusepp noted that the Group continues to see attractive growth and expansion opportunities in the security services segment.
Supermarkets Segment
The supermarket segment generated consolidated sales revenue of €148.2 million in the third quarter of 2026, a decrease of 1.7% compared with the same period last year. Revenue for the first nine months amounted to €437.6 million, down 3.8% year on year.
Profit before tax for the third quarter was €3.7 million, which was €0.9 million lower than in the comparative period. Profit before tax for the first nine months was €5.6 million, declining by €3.1 million compared with the previous year.
During the first nine months of 2026, customers made 32.2 million purchases in the segment's stores, representing a decrease of 3.7% year on year. Revenue from electronic sales channels increased by 6%.
As of the end of September, the segment operated 73 Selver supermarkets, two Delice stores, a mobile store and a café, with a total sales area of 126,000 square metres. The segment also includes the e-Selver online store and the central kitchen operator Kulinaaria OÜ.
Department Store Segment
Sales revenue in the department store segment amounted to €22.5 million in the third quarter of 2026, exceeding the result of the corresponding period last year by 0.7%. Revenue for the first nine months totalled €70.3 million, a decrease of 0.8% year on year.
The segment recorded a pre-tax loss of €1.2 million in the third quarter, while the pre-tax loss for the first nine months amounted to €3.1 million.
OÜ TKM Beauty, which operates I.L.U. beauty stores and is engaged in cosmetics wholesale, generated third-quarter sales revenue of €2.09 million, down 4.4% compared with the same period last year. The company reported a loss of €0.05 million for the quarter. Revenue for the first nine months reached €6.2 million, while the loss for the period amounted to €0.3 million.
Car Trade Segment
The car trade segment generated sales revenue of €73.4 million in the third quarter of 2026, an increase of 39.2% compared with the same period last year. Revenue for the first nine months amounted to €205.4 million, up 52.0% year on year.
The segment's profit before tax for the third quarter was €2.8 million, an improvement of 12.9% compared with the previous year. Profit before tax for the first nine months totalled €7.6 million, exceeding the previous year's result by €2.8 million.
Security Segment
The security segment generated external sales revenue of €5.6 million in the third quarter of 2026, representing growth of 18.2% compared with the same period last year. Profit before tax for the quarter amounted to €0.02 million.
External sales revenue for the first nine months totalled €16.4 million, increasing by 19.4% year on year. The segment reported a pre-tax loss of €0.2 million for the first nine months.
Real Estate Segment
The real estate segment generated external sales revenue of €1.9 million in the third quarter of 2026, a decrease of 2.6% compared with the previous year. External sales revenue for the first nine months amounted to €5.6 million, down 4.1% year on year.
The segment's profit before tax was €2.3 million in the third quarter and €6.9 million for the first nine months of 2026.