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Pro Kapital Grupp (PKG1T) investor relations material

Pro Kapital Grupp Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary14 Nov, 2025

Executive summary

  • Revenue for the first nine months of 2025 reached €34.3 million, up from €10.6 million year-over-year, driven by continued apartment handovers in Tallinn's Kalaranna District and ongoing development cycles in other Baltic capitals.

  • Net profit for the nine months was €6.0 million, reversing a €4.1 million loss in the same period last year; Q3 saw a net loss of €0.2 million, an improvement from a €1.0 million loss in Q3 2024.

  • Gross profit margin improved to 35% for the nine months, up from 27% year-over-year, reflecting higher sales volumes and improved project profitability.

  • Cash generated from operating activities was €6.8 million, compared to €10.0 million used in the prior year period.

Financial highlights

  • Operating profit for the nine months was €7.7 million, compared to a €1.7 million loss year-over-year; Q3 operating profit was €0.2 million.

  • Earnings per share for the nine months were €0.11, up from -€0.07 in the prior year.

  • Net asset value per share increased to €1.00 from €0.91 a year earlier.

  • Total assets stood at €120.7 million, with total equity at €57.0 million and total liabilities at €63.7 million as of 30 September 2025.

  • Debt/equity ratio improved to 1.12 from 1.21 year-over-year.

Outlook and guidance

  • Management expects continued stabilization and growth, supported by a strong project pipeline and improving market sentiment in the Baltic capitals.

  • Substantial completion of key projects in Tallinn and Vilnius is targeted by the end of 2025, with further sales and handovers expected.

  • The Italian segment is anticipated to strengthen as market conditions normalize and brand visibility increases.

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Frequently asked questions

AS Pro Kapital Grupp is a real estate development company operating primarily in the Baltic States. The company focuses on the development, management, and sale of residential, commercial, and retail properties. Pro Kapital Grupp’s portfolio includes high-quality, modern real estate projects that cater to various market segments. It is involved in all stages of property development, from planning and construction to sales and leasing. The company also manages several shopping centers across the region. The company is headquartered in Tallinn, Estonia, and its shares are listed on the TLSE.

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