Summus Capital delivers 15% consolidated sales and 17% consolidated net profit growth in Q1 2026

Poland expansion continued to support Summus Capital’s growth in the first quarter of 2026.

Summus Capital OÜ continued its growth trajectory in the first quarter of 2026, which was supported by the first full-quarter contribution from Libero shopping centre in Poland, acquired at the end of 2025.

The Group’s consolidated sales revenue increased by 15% compared to Q1 2025 and 9% compared to the previous quarter, totalling EUR 15.8 million. Consolidated net profit reached to EUR 5 million, increasing 17% year-on-year.

“The first quarter of 2026 was dedicated to the homework related to the transactions in Poland. The growth in sales and profit confirm that our expansion into Poland is delivering the expected results. During the quarter, we collected transaction-related receivables, settled outstanding payables, repaid a currently unnecessary credit line and, with EUR 16.6 million placed in deposits and EUR 6.3 million on cash account, we are well positioned and prepared for the next steps,” commented Aavo Koppel, Member of the Board of Summus Capital.

At the end of the quarter, Summus’ total consolidated assets amounted to EUR 610 million, while consolidated equity totalled EUR 217 million, representing 36% of the total balance sheet.

An additional EUR 12 million was placed in short-term deposits, increasing total deposits to EUR 16.6 million, which together with EUR 6.3 million on cash account, is waiting to be employed.

Portfolio occupancy remained strong with vacancy at 2.3% at the end of Q1 2026. Lease extensions signed at Riga Plaza and Libero supported the portfolio’s weighted average unexpired lease term (WAULT).

The Group remained fully compliant with all financial covenants set in its bond terms and financing agreements. At the end of Q1 2026, the consolidated equity-to-assets ratio stood at 36%, while the trailing 12-month DSCR was 1.38x.