| Paris, August 14, 2026 |
PREATONI Group (Euronext Paris – ISIN: FR001400WXE7 – ticker symbol: ALPG), an international group specializing in the ownership and operation of hotel assets and in residential and commercial real estate development, shares the unaudited half-year results of Pro Kapital Grupp AS[1], a company in which PREATONI Group holds an equity interest of 49,62%, as well as on the activity of its Hospitality/Tourism division at the end of the first half of 2026
Real Estate Development Division
Progress on Various Projects in the First Half of 2026
Meanwhile, the Musketäri Majad project, launched early 2026 (144 apartments), and the initial developments of other projects in Kristiine City (design and permitting phases) are proceeding according to plan.
Pro Kapital Grupp's Preliminary Half-Year Results
At the end of H1 2026, Pro Kapital's revenue[2] stood at €26.1 million compared to €28.5 million in the same period last year, down 9% due to product mix (types of housing sold during the period).
Gross profit amounted to €9.6 million in H1 2026, compared to €10.2 million for the same period in 2025.
Finally, from a balance sheet perspective, it should be noted that the maturity date for a portion of Pro Kapital's convertible bonds (€8.2 million out of a total of €18.7 million) has been extended to October 31, 2028 (instead of the originally scheduled October 31, 2026).
In accordance with the regulations applicable to it on the Tallinn Stock Exchange, Pro Kapital has published its interim financial statements on its website (for more information, visit: https://www.prokapital.com/).
Hospitality/Tourism Division
On the Hospitality/Tourism division, despite the unfavorable geopolitical climate, the performance for H1 2026 is expected to be in line with management expectations, both overall and for each significant entity (Egypt, Italy). However, the uncertainties linked to the international situation and its consequences, particularly in the energy, are leading the Group to remain cautious for the coming months.
However, trends to date regarding the increase in average revenue per room and solid occupancy rates especially in Sharm El Sheikh, are rather encouraging.
| About PREATONI Group Founded and developed by Ernesto Preatoni, PREATONI Group is an international group specializing in the ownership and operation of tourist resorts, primarily in Egypt and Italy, and in residential and commercial real estate development in the EMEA region (Baltic States, Dubai). Inspired by the pioneering spirit of its founder, Ernesto Preatoni, PREATONI Group is a unique publicly traded real estate group that incorporates an original development model and is a strong creator of value. The Group has more than 1,500 employees worldwide. PREATONI Group, headquartered in France, is listed on Euronext Growth (ISIN code: FR001400WXE7). |
| Investor Relations ACTUS Finance & Communication Anne-Pauline Petureaux apetureaux@actus.fr T: 01 53 67 36 72 |
Media Relations ACTUS Finance & Communication Deborah Schwartz dschwartz@actus.fr T: 01 53 67 36 35 |
[1] Fully consolidated. Company listed on the Nasdaq Baltic Stock Exchange in Tallinn - ISIN: EE3100006040 – ticker symbol: PKG1T
[2] Revenue from real estate sales is recognized when title to the property is transferred to the buyer. Consequently, revenue from real estate sales depends on the construction cycle, the completion of residential projects, and the signing of deeds at the notary's office.
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Full and original press release in PDF: https://www.actusnews.com/news/99827-preatoni_pr_hy2026_prokapital_us_vfinal2.pdf