GRK to initiate a 20 MEUR share buyback program
Summary
- GRK Infra announced a share buyback program of up to 20 MEUR, reflecting its strong balance sheet and substantial net cash position.
- The program allows for the acquisition of up to 1.5 million shares, approximately 3.5% of the total shares, with buybacks starting on August 10, 2026, and ending by February 28, 2027.
- The acquired shares will be canceled quarterly to optimize capital structure, and the program is not expected to hinder the company's strategic acquisition capabilities.
- GRK's net cash position was 162 MEUR at the end of the second quarter, even after the recent KSBR acquisition, indicating significant financial capacity.
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Translation: Original published in Finnish on 8/7/2026 at 8:02 am EEST.
GRK Infra announced in its release that it will commence a share buyback program of a maximum of 20 MEUR. We consider this decision to be expected, given the company's extraordinarily strong balance sheet and substantial net cash position. In our opinion, returning capital to shareholders through buybacks at current prices creates value and the moderately sized program will not limit the company's ability to execute acquisitions in line with its strategy.
Under the program, the company can acquire a maximum of 1.5 million shares, which corresponds to approximately 3.5% of the total number of shares. Buybacks will begin on August 10, 2026, at the earliest, and end on February 28, 2027, at the latest, with the acquired shares intended to be canceled on a quarterly basis to optimize the company's capital structure. We have repeatedly emphasized GRK's overcapitalized balance sheet before, noting that the company's net cash position was as high as 162 MEUR at the end of the second quarter. Although the company recently completed the KSBR acquisition, there is still plenty of firepower on the balance sheet.
GRK Infra operates in the infrastructure sector. The company's core competence includes the implementation of various infrastructure projects, project management of large and small projects and extensive railway expertise. Customers include the state, municipalities and cities as well as the private sector. In addition to the parent company GRK Infra Oyj, the GRK Group includes companies in each country of operation: GRK Suomi Oy in Finland, GRK Eesti AS in Estonia and GRK Sverige AB in Sweden.
Read more on company pageKey Estimate Figures28/07
| 2025 | 26e | 27e | |
|---|---|---|---|
| Revenue | 872.3 | 944.5 | 1,041.2 |
| growth-% | 19.8 % | 8.3 % | 10.2 % |
| EBIT (adj.) | 58.2 | 90.5 | 94.8 |
| EBIT-% (adj.) | 6.7 % | 9.6 % | 9.1 % |
| EPS (adj.) | 1.17 | 1.81 | 1.84 |
| Dividend | 0.53 | 0.65 | 0.70 |
| Dividend % | 3.7 % | 3.1 % | 3.3 % |
| P/E (adj.) | 12.3 | 11.6 | 11.4 |
| EV/EBITDA | 4.7 | 6.9 | 6.4 |
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