Boho Group (BOHO) Q1 2026 earnings summary

Executive summary

• Q1 2026 saw profit after tax improve by SEK 4,720 thousand year-over-year, despite lower revenue from operator activities and no property sales revenue compared to Q1 2025.

• Cost control and refinancing efforts contributed to improved profitability and reduced interest expenses.

• The business is focused on operational excellence at Boho Club and long-term value creation through property development on Marbella's Golden Mile.

Financial highlights

• Revenue from operator activities was SEK 12,050 thousand, down from SEK 14,181 thousand in Q1 2025.

• No revenue from property sales in Q1 2026, compared to SEK 5,166 thousand in Q1 2025.

• EBITDA improved to SEK -5,459 thousand from SEK -8,977 thousand year-over-year.

• Gross profit was SEK -6,375 thousand, up from SEK -8,388 thousand in Q1 2025.

• Profit after tax was SEK -11,072 thousand, compared to SEK -15,792 thousand in Q1 2025.

• Earnings per share improved to SEK -0.19 from SEK -0.27 year-over-year.

• Cash flow from operating activities was SEK -5,584 thousand, compared to SEK -4,891 thousand in Q1 2025.

• Equity as of March 31, 2026, was SEK 134,248 thousand, down from SEK 166,630 thousand a year earlier.

Outlook and guidance

• Market conditions in Marbella are recovering after an exceptionally rainy winter, with improved bookings and activity levels seen in March and early Q2.

• Management remains confident in both short-term recovery and significant long-term growth potential through expansion projects.