AS Company S.A. (ASKO) announces its summary financial results for the first quarter of 2026.
In the first quarter of fiscal year 2026 (January 1, 2026 – March 31, 2026), the AS Group reported an improvement in its financial results compared to the same period last year, recording a 10.48% increase in revenue and a rise in operating profitability.
The increase in sales is attributable to the combined effect of seasonality and the strengthening of the Group’s product portfolio in key categories, in line with the existing commercial strategy.
Financial Performance Commentary
EBITDA for the first quarter of 2026 improved by 21.51% compared to the same period last year, due to both the increase in sales volume and the improvement in the gross profit margin. The improvement in EBITDA resulted in an EBITDA-to-revenue ratio of 20.56%.
The improvement in sales was influenced by the seasonality of Easter, which was celebrated earlier than in 2025, a factor that affected the timing of demand between the first and second quarters.
At the same time, the greater emphasis on own-brand products (approximately 40% of total sales, with a target of ~50% in the coming years) contributed to the improvement in the Group’s operating profitability.
Outlook and Dividend
The international macroeconomic and geopolitical environment since the start of fiscal year 2026 remains highly volatile.
Ongoing developments and disruptions in critical international trade corridors continue to affect the functioning of the global supply chain, increasing transportation and product costs, and heightening uncertainty in the consumer environment and demand.
Under these circumstances, Management maintains a cautiously optimistic outlook for the remainder of 2026, emphasizing effective cost control and the targeted strengthening of the product portfolio with a focus on own-brand products, as well as the baby and lifestyle/kidult categories, while also taking into account external factors that may affect the overall market trend.
The Company maintains a consistent shareholder remuneration policy, with a minimum dividend yield of 5% on an annual basis, calculated based on the 3-month VWAP of the share.
Statement by the Chairman & CEO
Mr. Efstratios Andreadis stated:“During the first quarter of 2026, in an environment of heightened uncertainty, AS Company recorded positive performance with an improvement in its financial results. The strong seasonality and the timing of Easter affect the comparability of quarterly figures. Management is carefully evaluating new market conditions, with an emphasis on cost management and the targeted strengthening of the portfolio in the own-brand, baby, and lifestyle/kidult categories.”