Servatur Holding Q4 2025/26 Interim Report

Servatur Holding AS (“Servatur”) reported its Q4 2025/26 interim report today (3 month period starting February 1st 2026 and ending April 31st 2026).

Highlights for Q4 2025/26 (figures in brackets refer to the corresponding period in the previous year, unless otherwise stated):

• Revenues of €47.9 million (€42.9 million), EBITDA excl. IFRS 16 of €17.1 million (€14.2 million) and EBITDA Adj. LTM of €58.4 million (€51.9 million)
• Occupancy of 93% (96%) and TADR of €149 (€138), supported by continued strong market in the Canary Islands
• €6.5 million of capex in the quarter, including €4.0 million related to acquisition of rooms at Hotel Puerto Plata. The hotel was shut down for renovation in the quarter.
• Net debt / EBITDA Adj. LTM reduced to 3.5x, cash position of €53.5 million
• Annual external valuation of owned properties - up 13% y/y to €435m
• Acquired minority stake in hotel Isora (311 room-hotel in Tenerife) and entered into long-term rental agreement. Transaction closed in May (subsequent event).

Michael Lund Jensen, CEO of Servatur SA, comments:

Servatur delivered a strong fourth quarter, concluding a strong financial year for 2025/26. Despite an extraordinary increase in our operating cost base, with operating expenses per available room rising by 11% for the full year, we achieved solid earnings growth driven by a 9% increase in average daily room rates (TADR) and an 11% expansion of our portfolio of available rooms. As a result, adjusted EBITDA increased by 13% to €58.4 million, up from €51.9 million in the previous year. Importantly, the inflationary impact of the extraordinary salary adjustments has now been fully absorbed into our cost base, providing a stronger foundation for future profitability.