Tekova (TEKOVA) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was €27.7 million, up 16.7% year-over-year, reflecting a strong start driven by larger and more numerous projects.

• EBIT was €2.5 million, with an EBIT margin of 9.1%, nearly flat compared to last year and slightly down from 11.0% in Q1 2025.

• Order backlog increased 8% year-over-year to €73 million at quarter-end, supported by new project wins.

• Eight projects were completed, with seven delivered as zero-defect handovers.

• Workforce grew to 70 employees, up from 61 a year ago.

Financial highlights

• Net profit for Q1 2026 was €2.0 million, with a net margin of 7.2%, stable year-over-year.

• Earnings per share were €0.045, nearly unchanged from €0.046 last year.

• Operating cash flow was -€3.2 million, mainly due to changes in working capital.

• Equity ratio improved to 51% from 43% a year earlier.

• Strong liquidity and no interest-bearing debt at the group level at quarter-end.

Outlook and guidance

• 2026 revenue guidance is €90–115 million; EBIT guidance is €6.5–11.0 million.

• Guidance is based on the current order backlog, ongoing negotiations, and market assessment.