AS Rigas kugu buvetava (RKB1R) Q1 2026 earnings summary

Executive summary

• Net turnover for Q1 2026 was €1,012,757, up from €808,787 year-over-year.

• Gross profit declined to €107,590 from €268,130 compared to the same quarter last year.

• The reporting period ended with a net loss of €317,709, reversing a profit of €199,157 in Q1 2025.

Financial highlights

• Production costs increased significantly to €905,167 from €540,657 year-over-year.

• Administration costs decreased to €15,767 from €49,969 year-over-year.

• Net cash flow for the period was negative at €(327,282), with cash at period end at €11,344.

Outlook and guidance

• Management confirms the use of the going concern principle and prudent estimates in financial preparation.