Nextensa (NEXTA) Q1 2026 earnings summary

Executive summary

• Achieved a strong Q1 2026 with key asset disposals, including Gewerbepark Stadlau for €35.45 million, and significant progress in development projects at Cloche d'Or and Tour & Taxis.

• Net profit rose to €9.6 million, up from €7.8 million in Q1 2025.

• Post-quarter, secured a €120 million forward sale for The Rock and sold participation in Sparkling 1 Sàrl at book value.

Financial highlights

• Net financial debt reduced to €571.8 million at Q1 2026, down from €592.8 million at year-end 2025 and €769.3 million at year-end 2024.

• Net asset value per share increased to €84.18 from €83.15 at year-end 2025.

• Rental income declined to €13.6 million from €15.9 million year-over-year, reflecting recent divestments.

• Net result per share rose to €0.94 from €0.77 year-over-year.

• Average funding cost decreased to 2.76% from 2.90%.

Outlook and guidance

• Development pipeline expected to become the main driver of results as investment portfolio contribution declines.

• Construction of The Rock, Terraces, and Eosys at Cloche d'Or to support margin recognition from Q2 2026 onward.

• Ongoing and upcoming transactions to provide financial flexibility for major projects like Lake Side and Bel Towers.

• Transitioning toward a development-driven growth profile with disciplined capital allocation.