SC Fondul Proprietatea SA (OTCPK:FDLPF)

Q1 2026 Fondul Proprietatea SA Earnings Call Transcript

May 29, 2026 / 12:30 PM GMT

Release Date Price: $3.89

Transcript

Key Points

Positve

Operating revenues for Bucharest airports increased by 14% compared to last year, reaching over RON370 million.
Traffic at Bucharest airports reached 3.8 million passengers in the first quarter, a 4% increase year-on-year.
Salarom's operating revenues increased by 49%, with net income rising by 152% compared to the previous year.
The fund's NAV developments show a strategic focus on maintaining a balanced portfolio with 89.2% in unlisted companies.
The fund manager exercised preemptive rights to maintain the fund's existing shareholding percentage in Constant Support.

Negative

The fund's NAV per share total return in Q1 2026 was slightly down by 0.4%, with the local share total return down by 1.5%.
Operating profit for Constant Supports decreased from RON49 million in Q1 2025 to RON36 million in Q1 2026.
Traffic at Constant Supports declined by 10% year-on-year, mainly due to weaker volumes of cereals and oil products.
The fund registered an unaudited loss of RON10.9 million in the first quarter, driven by operational expenses and fair value losses.
The proposal for a new buyback program was not approved by shareholders, limiting the fund's ability to manage its discount to NAV.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FP.BX - Fondul Proprietatea SA
Q1 2026 Fondul Proprietatea SA Earnings Call
May 29, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to Fondal Proprietatia First Quarter Results 2026 Conference Call.

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