JDC Group (JDC) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 results with revenue of EUR 74.9 million, up 20.3% year-over-year, despite challenging macroeconomic conditions in Germany and Europe, including low consumer confidence and clients postponing investment decisions.

• EBITDA increased by 61.1% to EUR 8.1 million, reflecting operational leverage, efficiency gains, and significant contributions from the FMK Group integration.

• Platform resilience shown by growth in assets under management, recurring revenues, and a 12% rise in annual net insurance premium.

• FMK integration and AI initiatives are driving operational efficiency, new income streams, and broker support.

• Growth achieved despite inflation, geopolitical tensions, and reduced consumer spending.

Financial highlights

• Revenue grew 20.3% year-over-year to EUR 74.9 million, a historic high for the group.

• EBITDA increased by 61.1% to EUR 8.1 million; EBIT rose by 85% to EUR 6.4 million.

• Gross profit rose by approximately 25% to over EUR 21 million.

• Net profit for Q1 2026 was EUR 3.3 million, up 19.9% year-over-year.

• Cash and cash equivalents at period end: EUR 39.4 million, rising to EUR 41 million before a EUR 5 million share buyback.

Outlook and guidance

• Full-year 2026 guidance reaffirmed: turnover EUR 300–330 million, EBITDA EUR 35–38 million, with further margin expansion expected.

• Management remains confident in meeting guidance, expecting temporary new business weakness to recover as consumer confidence improves.

• AI and FMK initiatives expected to drive further efficiency, growth, and broker support.

• Performance dependent on macroeconomic and consumer confidence trends.