Grand Hotel Bucharest shares (stock symbol RCHI) recorded a severe 27% depreciation on Tuesday, amid transactions worth approximately EUR 5.76 thousand. The sharp decline represents a direct market reaction to the publication of the revenue and expenditure budget for 2026, a document that anticipates a strong contraction in earnings for the hotel located in the center of the Capital, at 4 Nicolae Bălcescu Boulevard.
Financial projections signed by administrator Touma Salim indicate operating revenues of EUR 7.49 million and an operating profit of EUR 1.71 million for the 2026 financial year. After deducting indirect expenses, which include utility costs of EUR 1.32 million, repairs and maintenance of EUR 454.8 thousand, and a marketing budget of EUR 322.4 thousand, along with a negative balance of EUR 0.91 million in other categories of income and expenses, the company’s profitability decreases significantly. An analysis recently published by Ziarul Financiar shows that the company estimates a net profit of EUR 0.8 million for 2026, a value nearly three times lower compared to the net profit of EUR 2.37 million reported on December 31, 2025.
The outlook for 2026 contrasts with the historical performance of the previous year, with 2025 representing the best recent financial year. Total revenues had risen to EUR 9.73 million, supported by the accommodation segment which generated EUR 6.27 million. The Board of Directors, led by Bogdan Alexander Adamescu, highlighted the modernization of the HVAC system and the reopening of the Corso restaurant, stating that all investments were fully financed from own resources, without bank loans. This strategy eliminated exposure to currency risk during a period when the leu/euro reference reached the 5.2103 threshold.
The liquidity of RCHI shares remains a major risk factor for investors, with an annual traded volume below the EUR 20.15 thousand threshold. The shareholding structure at the end of 2025 indicates a high concentration: Lion Capital S.A. holds 40.19% of the share capital, Mountbay Limited controls 32.9%, and The Nova Group Investments România has a 15.71% stake. Currently, the market capitalization of the company managing the hotel is approximately EUR 28.4 million.
Frequently Asked Questions
Why did Grand Hotel Bucharest (RCHI) shares drop?
The shares fell by 27% in response to the 2026 budget, which forecasts a drastic decrease in net profit compared to the previous year.
What is the estimated profit for 2026?
The company estimates a net profit of EUR 0.8 million for 2026, compared to the EUR 2.37 million profit reported in 2025.
Who are the main shareholders of the company?
The main shareholders are Lion Capital S.A. (40.19%), Mountbay Limited (32.9%), and The Nova Group Investments Romania (15.71%).