Nextensa: Net Profit of €9.6M in Q1 2026 and Debt Reduced to €571.8M
Nextensa released its first quarter 2026 results on Monday, May 18, highlighted by significant real estate transactions. The net profit increased to €9.6 million, while the net financial debt decreased to €571.8 million, supported by the sale of Gewerbepark Stadlau in Vienna for €35.45 million. Following the quarter's close, the real estate and development company continued its optimization movement with the conclusion of a €120 million forward sale for The Rock at Cloche d'Or and the acquisition of crucial permits for its urban development projects.
Real Estate Disposals and Balance Sheet Lightening in Q1
The first quarter of 2026 was characterized by robust transactional activity. Nextensa completed the sale of Gewerbepark Stadlau, a real estate park located in Vienna, for €35.45 million. This transaction is part of a broader strategy of portfolio restructuring and financial leverage reduction. The net financial debt was brought down to €571.8 million as of March 31, 2026. The net profit for the period was established at €9.6 million, an increase compared to the same period in the previous year. The total investment portfolio of the company amounted to approximately €1.1 billion at the end of March, distributed between Luxembourg (32%), Belgium (54%), and Austria (14%).
Major Urban Projects Progress Towards Completion
Beyond the closed quarter, Nextensa has achieved several key milestones in its major developments. A forward sale of €120 million was concluded for The Rock project at Cloche d'Or in Luxembourg, a structure that allowed the company to monetize a significant part of this real estate complex in advance. The sale of the stake in Sparkling 1 Sàrl (holder of the B&B Hotel project at Cloche d'Or) was also carried out at its book value. On the regulatory front, Nextensa obtained the urban planning and environmental permit for the Lake Side project at Tour & Taxis in Brussels. This project, which is part of a vast operation of more than 350,000 sqm of rehabilitation and new construction, thus reaches a crucial stage for its launch.
Continued Strategic Optimization
Nextensa continues to strategically optimize its portfolio and operations. The successful transactions and regulatory advancements in the first quarter of 2026 demonstrate the company's proactive approach in managing its assets and enhancing shareholder value. The focus remains on strengthening the financial position while advancing significant urban development projects.
