TKM Grupp (TKM1T) Q1 2026 earnings summary

Executive summary

• Consolidated sales revenue for Q1 2026 reached €228.4 million, up 6.3% year-over-year, driven mainly by the car trade segment's recovery and acquisitions.

• Net loss for the quarter was €4.7 million, an improvement of €1.8 million compared to Q1 2025, aided by lower income tax expense.

• Profit before tax rose to €2.0 million, up €0.7 million year-over-year.

• The car segment was the fastest-growing, offsetting declines in supermarkets.

• Strategic acquisitions in the car segment and continued investment in retail and real estate supported long-term growth.

Financial highlights

• Revenue: €228.4 million (+6.3% YoY); EBITDA: €15.2 million (+5.3% YoY); Operating profit: €4.6 million (+24.8% YoY).

• Net loss: €4.7 million (vs. €6.5 million loss in Q1 2025); EPS: -€0.12 (vs. -€0.16 YoY).

• Gross margin declined to 26.59% (from 27.22% YoY), mainly due to pricing pressure in car sales.

• Total assets at quarter-end: €721.7 million (+5.1% from year-end 2025).

• Staff costs rose 3.9% while headcount decreased 0.4%.

Outlook and guidance

• Economic recovery in 2026 is expected, but consumption remains modest due to high utility costs and geopolitical uncertainty.

• Supermarkets face continued pressure from weak consumer demand and competition; car segment expected to benefit from pan-Baltic model and new acquisitions.

• Focus remains on cost efficiency, sustainability, and digital transformation.