AS Rigas kugu buvetava (RKB1R) Q2 2026 earnings summary

Executive summary

• Net turnover for the first six months of 2026 was EUR 1,530,458, up from EUR 885,144 year-over-year.

• Gross loss reduced to EUR 275,984 from EUR 710,538 year-over-year; net loss narrowed to EUR 192,444 from EUR 456,676.

• Shift in business focus to leasing and management of real estate, with increased demand for company assets.

• No significant or extraordinary events impacted the financial situation during the period.

Financial highlights

• Revenue increased 73% year-over-year, driven by infrastructure lease activities.

• Gross margin improved, with gross loss margin at (18)% versus (48.8)% year-over-year.

• Net loss margin at (12.57)% compared to (11.8)% year-over-year.

• Equity declined to EUR 711,063 from EUR 2,270,635 year-over-year.

• Cash at period end was EUR 5,493, down from EUR 122,111 at the start of the period.

Outlook and guidance

• Plans to further develop and reconstruct infrastructure, including railway access and storage areas.

• Continued focus on leasing and management of real estate, with no change in company location or employment structure planned.

• Management sees potential for more efficient and profitable use of assets in new business direction.