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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
GRK Infra
GRK Infra (GRK) investor relations material
GRK Infra Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
9M adjusted operating profit rose to €65.4M from €48.5M, with margin up to 10.7% from 7.3%; revenue fell 8.2% to €609.7M.
Order backlog reached €1,066.6M, up from €683.2M a year earlier; Q3 revenue grew 11.8% to €287.7M.
Financial highlights
9M EBITDA rose to €76.3M from €58.5M; reported operating profit was €56.6M versus €46.6M.
Q3 adjusted operating profit rose to €34.9M from €23.4M; reported operating profit was €28.6M versus €22.8M, and EBITDA was €39.1M versus €26.9M.
9M net profit was €49.1M versus €38.2M; basic EPS was €1.18 versus €0.95.
9M operating cash flow was negative €14.5M versus positive €101.1M, mainly reflecting lower customer receipts; operating free cash flow was negative €36.9M versus positive €86.3M.
Outlook and guidance
2026 guidance narrowed to revenue of €850–950M and adjusted operating profit of €80–95M, from prior ranges of €820–1,020M and €70–95M, based on refined project progress estimates.
2028 targets include revenue above €950M, adjusted operating margin above 6% over time, net debt/adjusted EBITDA below 1.5x and ROCE above 20% over time.
A strong Q4 was expected, supported by backlog, new project starts and demand in data centre and energy markets.
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Latest events from GRK Infra
- Record-high order backlog and improved margins set the stage for strong growth in 2026.GRK
Q2 2026 - Record order backlog and strong profitability drive positive 2026 outlook and growth targets.GRKInvestor presentation
- Record order backlog and improved profitability support a positive 2026 outlook.GRKQ1 2026
- Record revenue and profit growth in 2025, with strong outlook and dividend proposal for 2026.GRKQ4 2025
- Strong revenue and profit growth, robust cash flow, and a successful IPO drive expansion.GRKQ3 2025
- Revenue and profit surged in H1 2025, with strong outlook, robust backlog, and strategic expansion.GRKQ2 2025
- Revenue up 61% year-over-year, strong profitability, record order backlog, and successful IPO.GRKQ1 2025
Next GRK Infra earnings date
Q4 202617 Feb, 2027
GRK Infra
Next GRK Infra earnings date
Q4 202617 Feb, 2027
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