Adris Grupa (ADRS) Q1 2026 earnings summary

Executive summary

• Consolidated revenue for Q1 2026 reached €234 million, up 11% year-over-year, with sales revenue at €222 million, also up 11%.

• EBITDA increased by 36% to €25 million, while the net loss improved to €4 million, €1 million better than Q1 2025.

• All business segments contributed to revenue growth, with the energy segment operating at full capacity.

Financial highlights

• Insurance segment sales revenue rose 10% to €152 million, with net profit up 7% to €18.2 million.

• Cromaris (healthy food) sales grew 7% to €26 million, with EBITDA up 43% and net profit more than doubling to €1.8 million.

• Energy segment generated €5 million in revenue and €2 million in net profit.

• Group-wide employee costs increased 14% due to inflation and wage growth.

• Amortization and value adjustments rose by nearly €3 million, reflecting significant capital investments.

Outlook and guidance

• Croatian GDP growth for 2026 is projected at 2.5%, above the eurozone average, but inflation is expected to remain elevated at around 5%.

• Booking trends in tourism are stronger than last year, indicating robust demand for the main and shoulder seasons.

• Over €100 million in investments planned for the tourism segment in 2026, focusing on quality upgrades and digital transformation.