Rebl Group (REBL) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 2.8% YoY to €25.3m; EBITDA increased to €2.5m from €0.7m and operating result improved to break-even from -€1.6m.

• YTD revenue grew 2.5% to €78.6m; operating loss narrowed to €1.9m from €5.2m, while pre-tax loss narrowed to €2.9m from €4.1m.

• Management expects FY 2026 revenue to remain at the prior-year level and operating result to improve from 2025’s -€4.0m.

Financial highlights

• Q3 pre-tax result was -€1.9m vs -€0.7m; securities trading net result swung to -€1.4m from +€1.3m.

• YTD operating cash flow was €4.3m vs €2.2m; Q3 operating cash flow was €1.9m vs €0.4m.

• YTD securities trading net result was €0.4m vs €2.5m; other financial income and expenses were -€1.4m vs -€1.5m.

• Basic EPS was -€0.16 in Q3 vs -€0.05 and -€0.26 YTD vs -€0.30.

Outlook and guidance

• FY 2026 revenue is expected to remain at the 2025 level; operating result is expected to improve from 2025’s -€4.0m.

• Q4 print revenue is expected to decline YoY, with profitability at the Q4 2025 level; visibility revenue and profitability are expected to grow.

• Digital business revenue and profitability are expected to remain at late-2025 levels; management expects overall results to develop positively in Q4.

• Securities trading and portfolio valuation changes may materially affect results.