Operating revenue was almost flat, dropping 1% to RON22.4 million, while total operating expenses stayed at RON22.8 milion, largely due to the 31% increase in personnel costs to RON3.5 million, because of new additions to the team and international expansion.
“The first quarter of 2026 unfolded in a challenging economic environment, marked by slowing consumption, pressure on the industrial sector, and a general climate of investment caution. Macroeconomic developments and the statistics published by the National Institute of Statistics confirmed the negative impact felt across several sectors relevant to the Group’s operations, particularly Manufacturing, Retail, and HoReCa,” IT Genetics says.
Rising energy costs, persistent inflation, and the volatile political environment during this period all affected the pace of investment and consumption decisions in the market, the officials added in the report.
“It is important to note that our business model naturally entails a certain degree of seasonality, with some quarters generating higher levels of activity than others.”
EBITDA shrank to RON55,000 in the first quarter of 2025 from RON238,000 in the year-ago period.
ITG started trading on the AeRO market on May 20, after having raised RON5.2 million from investors via a private placement concluded at the end of last year.
(English version by Loredana Fratila-Cristescu)