Readcrest Capital Forecasts 2026 EBITDA of €8-9M, Eyes German Residential Growth

Readcrest Capital AG, a listed company focused on real estate and special situations investments, has published its guidance for financial year 2026, forecasting adjusted EBITDA between EUR 8.0 million and EUR 9.0 million. This guidance reflects the company's realigned business model following the disposal of its UK care home business. The core operating revenue and cash flow base now comes from Grosvenor Health and Social Care, which remains in the portfolio and is expected to contribute around EUR 12 million in EBITDA. Meanwhile, the German project developments are projected to deduct EUR 3-4 million from the group's earnings.

Beyond the care business, Readcrest is deliberately expanding its second growth pillar: value-oriented real estate investments with a focus on promising residential construction projects in high-growth regions of Germany. These project developments form the core of future value creation and complement the stable cash flows from the healthcare business with sustainable growth potential. Key milestones for 2026 include the start of construction in Dresden for the Neustädter Bogen (gross floor area of 23,425 sqm) and the sales launch in Halle for Halle Riebecks Gärten (gross floor area of 36,335 sqm, distributed across 399 residential units). More details can be found at the company's business units page.

CEO Rolf Elgeti stated, 'With forecast adjusted EBITDA of EUR 8.0 to 9.0 million, our realigned business model demonstrates its viability. Following the disposal of the UK care home business, we are fully focusing on our growing residential construction pipeline in Germany - and, particularly in a challenging market environment, are creating sustainable value for our shareholders.' The company also targets an annualized EBITDA run-rate of EUR 11.0 million to EUR 12.0 million by the end of 2026, underpinning its strategic shift toward residential development while maintaining stable healthcare cash flows. The original release is available on NEWMEDIAWIRE.