Rias (RIAS) Q2 25/26 earnings summary

Executive summary

• Revenue for H1 2025/26 was DKK 134.9 million, down DKK 2.9 million year-over-year, mainly due to lower activity in the Building Division after severe winter weather and external disruptions early in 2026.

• Industry Division showed stable performance and higher volumes sold, while Building Division was impacted by weather and market volatility.

• Strategic initiatives, including a new ERP system and logistics setup in Randers, are progressing and expected to support future growth.

• The business remains resilient with a diversified segment base, despite ongoing external uncertainties.

Financial highlights

• Gross profit for H1 was DKK 41.6 million, down from DKK 43.9 million year-over-year.

• Net loss for the period was DKK 5.6 million, compared to a net profit of DKK 0.6 million in H1 2024/25.

• Gross margin declined to 30% from 32% year-over-year.

• Cash flow from operating activities was negative DKK 4.0 million, an improvement from negative DKK 11.9 million last year.

• Equity at period end was DKK 181.7 million, down from DKK 184.3 million year-over-year.

Outlook and guidance

• Adjusted EBIT for the full year 2025/26 is expected in the range of DKK 12-15 million, with performance likely at the lower end due to continued volatility.

• Guidance reflects uncertainty in pricing, supply chain stability, and market activity.