Interim report January-March 2026

Revenue amounted to EUR 624.2 million (EUR 578.1 million), an increase of 8.0% with an organic growth of 10.3%.
Operating profit (EBIT) was EUR 46.7 million (EUR 36.0 million), an increase of 30.0% representing an operating margin of 7.5% (6.2%).
Net profit amounted to EUR 20.6 million (EUR 18.8 million), an increase of 9.9%, which represents a margin of 3.3% (3.3%).
EBITDA was EUR 101.2 million (EUR 86.5 million), an increase of 17.0%. EBITDA margin was 16.2% (15.0%).
EBITDAaL amounted to EUR 67.4 million (EUR 56.3 million), an increase by 19.9%, corresponding to an EBITDAaL margin of 10.8% (9.7%).
Net cash flow from operating activities was EUR 72.7 million (EUR 87.5 million).
Basic/diluted earnings per share were EUR 0.147 (EUR 0.134)/EUR 0.146 (EUR 0.133).

10.3%

Organic growth

16.2%

EBITDA margin

EUR 72.7m

Operating cash flow

Revenue and earnings

EUR million	Q1 2026	Q1 2025	∆	LTM	FY 2025
Revenue	624.2	578.1	8%	2,424.2	2,378.1
Operating profit (EBIT)	46.7	36.0	30%	166.4	155.7
Operating profit margin	7.5%	6.2%		6.9%	6.5%
Net profit	20.6	18.8	10%	74.5	72.7
Net profit margin	3.3%	3.3%		3.1%	3.1%
Basic earnings per share, €	0.147	0.134	10%	0.527	0.514
Diluted earnings per share, €	0.146	0.133	10%	0.526	0.513
EBITDA	101.2	86.5	17%	385.7	371.0
EBITDA margin	16.2%	15.0%		15.9%	15.6%
Adjusted EBITDA	104.6	90.6	15%	402.1	388.1
Adjusted EBITDA margin	16.8%	15.7%		16.6%	16.3%
EBITDAaL	67.4	56.3	20%	254.2	243.1
EBITDAaL margin	10.8%	9.7%		10.5%	10.2%
Adjusted EBITDAaL	70.8	60.4	17%	270.6	260.2
Adjusted EBITDAaL margin	11.4%	10.5%		11.2%	10.9%
EBITA	49.5	39.2	26%	180.9	170.6
EBITA margin	7.9%	6.8%		7.5%	7.2%

Definition and reconciliation of alternative performance measures are available at medicover.com
LTM: last twelve months (1 April 2025 - 31 March 2026)

Medicover is a leading international healthcare and diagnostic services company and was founded in 1995. Medicover operates a large number of ambulatory clinics, hospitals, specialty-care facilities, laboratories and blood-drawing points and the largest markets are Poland, Germany, Romania and India. In 2025, Medicover had revenue of EUR 2,378 million and more than 49,000 employees. For more information, go to www.medicover.com