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Baltic Sea Properties (BALT) investor relations material
Baltic Sea Properties Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 10% total income growth in 2025, driven by new developments and CPI-indexed rental increases.
Income from Property Management rose over 34% year-over-year, supported by active asset management and lower financing costs.
Portfolio optimization included transitioning BSP Park Vilnius East to a multi-tenant park and delivering new buildings in Liepų Parkas, Klaipėda.
Net Asset Value (NAV) increased to EUR 56.7 million, with a total annual return of 9.1% (EUR), including dividends.
Share buybacks approved, reflecting confidence in underlying asset value and long-term value creation.
Financial highlights
Rental income for 2025 was NOK 105.6 million, up from NOK 96.4 million in 2024.
EBITDA reached NOK 74.4 million, compared to NOK 70.5 million in 2024.
Net income from property management (IFPM) was NOK 38.2 million, up from NOK 28.3 million year-over-year.
Profit for the period was NOK 45.8 million, down from NOK 55.3 million in 2024, mainly due to conservative valuations and higher tax rates.
Dividend yield on NAV was 2.60%, with a payout of NOK 17.4 million.
Outlook and guidance
Focus remains on development and acquisition pipeline, prudent asset management, and selective M&A.
Market stabilization observed, with improved financing conditions and increased transaction activity.
Lithuania expected to outperform broader Europe in GDP growth for 2026.
Next Baltic Sea Properties earnings date
Next Baltic Sea Properties earnings date
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