Akola Group (AKO1L) Q1 2026 earnings summary

Executive summary

• EBITDA reached €36.2 million for the quarter, up from €27 million year-on-year and above the five-year average of €27.6 million.

• EBIT margin was 6.8%, up from 4.9% last year and above the 3% strategic target.

• Return on capital employed approached 12%, meeting the strategic target for the first time in several quarters.

• Revenue grew 2.6% year-over-year to €394 million, with net profit up 53% to €20 million and operating profit up 43% to €27 million.

• The Group remains the largest agri-food player in the Baltics, with diversified operations across food production, farming, and agricultural services.

Financial highlights

• Sales revenue for the quarter was €393.999 million, a 2.6% increase year-on-year.

• Gross profit rose by 27% to €56 million, with a record high gross profit margin of 14.2%.

• Operating profit reached €27 million, with a 6.8% EBIT margin.

• EBITDA for the quarter was €36.189 million, and 12-month rolling EBITDA stands at €120 million.

• EPS on a rolling 12-month basis is €0.40, with a price-to-earnings ratio just above 4.

Outlook and guidance

• Management remains cautious due to market volatility, especially in grain and poultry prices, and expects margin pressure in coming quarters.

• Full-year EBITDA guidance will be updated if visibility improves; current risks include grain quality, poultry price corrections, and winter energy costs.

• Ongoing and planned strategic projects, including biomethane production and pet food expansion, are expected to support future growth.

• Instant foods and ready-to-eat segments are expected to improve profitability during the year.