Arena Hospitality Group (ARNT) Q1 2026 earnings summary

Executive summary

• Consolidated revenue reached EUR 14.7 million, up 2.8% year-over-year on a like-for-like basis, but down 4.5% on a reported basis due to portfolio changes.

• EBITDA loss widened to EUR 5.1 million from EUR 4.7 million year-over-year, mainly due to earlier seasonal openings and higher operating expenses.

• Cash and deposits stood at EUR 23.3 million as of March 31, 2026, with no new debt or refinancing activities.

• No major new investments planned for 2026; focus remains on maturing and optimizing the existing portfolio.

Financial highlights

• Total reported revenue: EUR 14.7 million (down 4.5% year-over-year); like-for-like revenue up 2.8%.

• Accommodation revenue: EUR 10.6 million (down 7% year-over-year).

• EBITDA loss: EUR 5.1 million (8.5% higher loss year-over-year).

• Profit before tax: EUR -11.2 million (wider loss from EUR -10.3 million year-over-year).

• EPS: EUR -2.24 (vs. EUR -2.06 year-over-year).

Outlook and guidance

• Trading since March 31, 2026, is in line with expectations across all regions.

• Summer season outlook in Istria is stable with strong last-minute demand, despite geopolitical tensions.

• Focus for the year: preserve liquidity, protect bottom line, and make targeted investments.