Jeudan (JDAN) Q1 2026 earnings summary

Executive summary

• Revenue grew 4% year-over-year to DKK 460 million in Q1 2026, driven by investment property growth.

• EBIT increased 6% to DKK 283 million compared to Q1 2025.

• Net profit reached DKK 290 million, up from DKK 269 million year-over-year.

• Three new properties acquired in Copenhagen and Frederiksberg for DKK 278 million.

• Liquidity reserves stood at DKK 2.3 billion at quarter-end.

Financial highlights

• EBITDA rose 5% to DKK 287 million; EBIT margin remained strong.

• Value adjustments on properties and financial liabilities totaled DKK 221 million, up from DKK 196 million.

• Net interest-bearing debt increased to DKK 22.7 billion from DKK 21.5 billion year-over-year.

• Equity ratio was 33.3% at quarter-end.

• Cash flow from operations was DKK 162 million, with total cash flow at DKK 26 million.

Outlook and guidance

• Full-year 2026 revenue growth expected at 4–7% (2025: DKK 1,751 million).

• EBIT guidance maintained at DKK 1,100–1,200 million (2025: DKK 1,063 million).

• Continued focus on acquiring well-located office properties in Copenhagen and Frederiksberg.