Advance Terrafund Q3’26 net profit down 5.7% YoY on higher cost of hired services (NEGATIVE)
27.10.2026
Source: Advance Terrafund; FFBH
Advance Terrafund reported EUR 1.4m of revenue in Q3’26 (+2.8% YoY). The increase was primarily driven by higher profit from land sales of EUR 285k, compared to EUR 229k in the comparable period of last year. The premium at which the land was sold, compared to its book value, fell to 8.8%, compared to 36.1% in Q3’25. 814 daa were sold directly and 2 622 daa under leases during the July-Sept 2026 period, at an average price of EUR 1 068/daa. Note, that in Apr’25 the company stopped revealing the land sale price in its monthly bulletin, so information about the price becomes transparent only after the quarterly financials are published. Q3’26 rent income decreased 4.3% YoY to EUR 1.1m, due to lower average rent/daa. Cost of hired services added 10.3% YoY to EUR 793k, on higher transaction expenses related to land disposals. As a result, the bottom line came at EUR 648k (-5.7% YoY), which translates into EPS of EUR 0.01.
9m’26 revenue came at EUR 4.9m (-2.2% YoY), including EUR 3.4m of rent income (-3.8% YoY) and EUR 1.5m of profit from land sales. Cost of hired services amounted to EUR 2.5m (+20.1% YoY), due to higher fees related to land sales. The bottom line came at EUR 2.3m (EPS of EUR 0.03), compared to EUR 2.8m 9m’25. Turning to the balance sheet, Advance Terrafund continues to maintain a debt-free balance sheet with a cash position of EUR 5.7m, compared to EUR 4.0m in the beginning of the year. The fund recorded CFO of EUR 9.3m in 9m’26, as the company was a net seller of land during the period. CFF came at negative EUR 5.5m, primarily related to the annual dividend payment.