INVL Baltic Farmland (INL1L) Q1 2026 earnings summary

Executive summary

• Manages 3,000 hectares of agricultural land in Lithuania through 18 subsidiaries.

• Focuses on steady income growth and land value appreciation via long-term property administration agreement extended to 2035.

• Shares listed on Nasdaq Vilnius Secondary list since 2014.

Financial highlights

• Revenue for Q1 2026 reached EUR 227 thousand, up from EUR 213 thousand in Q1 2025.

• Net profit for Q1 2026 was EUR 125 thousand, compared to EUR 124 thousand in Q1 2025.

• Book value of land increased to EUR 23,326 thousand as of 31 March 2026.

• Consolidated equity stood at EUR 20,297 thousand as of 31 March 2026.

• Average rental income per hectare rose to EUR 303 in Q1 2026, up from EUR 288 in Q1 2025.

Outlook and guidance

• New Dividend Payment Policy approved in 2026, setting dividend at EUR 0.10 per share.

• Dividend of EUR 0.12 per share allocated for 2025, approved at the April 2026 AGM.