Pro Kapital Grupp (PKG1T) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 rose 21% year-over-year to €15.1 million, driven by apartment handovers in Tallinn and Vilnius.

• Net profit increased to €2.8 million from €1.9 million in Q1 2025.

• Gross profit margin improved to 38% (Q1 2025: 34%), and operating profit reached €4.0 million.

• Cash from operating activities surged to €10.0 million, up from €1.3 million a year earlier.

• Major developments progressed in Tallinn, Riga, and Vilnius, with new project launches and ongoing sales.

Financial highlights

• Revenue: €15.1 million (+21% YoY); Gross profit: €5.7 million (+€1.5 million YoY).

• Operating profit: €4.0 million (Q1 2025: €2.5 million); Net profit: €2.8 million (Q1 2025: €1.9 million).

• EPS: €0.05 (Q1 2025: €0.04); Net asset value per share: €1.17 (Q1 2025: €0.94).

• Total assets: €121.2 million; Equity: €66.1 million; Debt/Equity ratio: 0.83 (Q1 2025: 1.28).

• Return on assets: 2.3%; Return on equity: 4.7%.

Outlook and guidance

• Management remains cautiously optimistic for the remainder of 2026, citing a solid project pipeline and active construction sites.

• Expectation of continued sales and launches in Baltic and Italian markets.