Operating revenue plunged by 81.8% year-over-year to RON16.3 million and the turnover plummeted by 57.7% year-over-year to RON25.6 million in the first quarter of 2026. EBITDA (earnings before interest, taxes, depreciation, and amortization) was negative, reaching RON50.6 million, compared to a positive RON12.6 million reported in the first quarter of 2025.
The company also reported negative equity of RON64.6 million, compared with positive equity of RON6.8 million at the end of 2025.
Available cash dropped significantly to RON983,634, compared with RON20.6 million at the end of December 2025, with a current liquidity ratio dropping to 0.2.
Four of the Group’s seven companies, namely, Interagroaliment, Serban Distributie, Luma Land and Fyn Invest Danmark, entered insolvency proceedings, seeking debt restructuring and reorganization. Staff numbers dropped to 226 from 363.
The Group revised its 2026 budget: consolidated EBITDA projected at negative RON41.3 million from positive RON19.8 million.