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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.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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