Equita Group (EQUI) Q1 2026 earnings summary

Executive summary

• Net Revenues grew 7% year-over-year to €25 million in 1Q'26, marking the best first quarter since IPO.

• Adjusted Net Profit rose 6% year-over-year to €5 million, with a net margin of 20%.

• Return on Tangible Equity reached 34% as of March 31, 2026.

• Strong client business growth, with client-related revenues up 37% year-over-year.

• Board confirmed independence of Directors and Statutory Auditors.

Financial highlights

• Consolidated Net Revenues: €25.0 million (up 7% year-over-year).

• Adjusted Net Profit: €5.0 million (up 6% year-over-year); Reported Net Profit: €4.6 million (down 1% year-over-year).

• Personnel costs increased 7% to €12.2 million, in line with revenue growth.

• Total costs rose 9% to €18.3 million, with non-recurring expenses of €0.5 million.

• Shareholders' Equity at €120.6 million as of March 31, 2026.

Outlook and guidance

• Macroeconomic and financial uncertainty expected to persist due to global geopolitical tensions and inflationary risks.

• High market volatility anticipated to support Global Markets performance, potentially offsetting any slowdown in Investment Banking.

• Focus on executing commercial partnership with Iccrea Banca and acquisition of Xenon Private Equity to drive long-term growth.