REG-Unaudited consolidated interim accounts for the third quarter and first nine months of 2026

The Group’s unaudited consolidated revenue for the third quarter of 2026 amounted to 251.7 million euros, exceeding the revenue generated in the same period of the previous year by 8.2%. Revenue for the first nine months totalled 735,2 million euros, representing an increase of 8.1% compared with revenue of 680.4 million euros in the first nine months of 2025. The Group’s unaudited consolidated profit before tax for the third quarter of 2026 amounted to 7.1 million euros, which was 11.7% lower than in the corresponding period of the previous year. Profit before tax for the first nine months amounted to 15.3 million euros, declining by 4.2% year-on-year.

During the third quarter, the primary driver of the Group’s revenue growth continued to be the car segment, where the recovery of the Baltic automotive markets, increased sales volumes of new vehicles, a strong after-sales business and the successful integration of the Tallinn Škoda dealerships acquired in the first half of the year supported strong growth in both revenue and profit. The security segment continued to deliver rapid revenue growth, driven by security technology projects and maintenance services; however, higher-than-usual fuel prices and pressure in the cash handling services business limited the improvement in profitability. In the Selver supermarkets segment, performance was affected by a weak consumer environment, intensifying competition and temporary sales disruptions related to store openings, closures and renovation works. Positively, e-commerce revenue in the segment increased and customer loyalty activity remained at the previous year’s level. In the department stores segment, trading conditions improved in the third quarter following the completion of extensive road construction works in the vicinity of the Tallinn department store, but revenue growth was insufficient to offset higher input costs. The Group’s gross margin continued to be moderately affected by sales made under pricing pressure in the car segment. Gross margin did not decline in the Group’s other retail segments. Labour costs increased by 6.9%, while the total number of employees under employment contracts decreased by 0.3%. Finance costs rose by 14.4% year-on-year in the third quarter, reflecting the addition of several newly constructed and acquired properties in the real estate segment.