INVL Baltic Farmland (INL1L) Q3 2025 earnings summary

Executive summary

• Manages 3,000 hectares of agricultural land in Lithuania through 18 subsidiaries, focusing on steady income and land value growth.

• Shares listed on Nasdaq Vilnius since 2014; market capitalization reached EUR 21.147 million as of 30 September 2025.

Financial highlights

• Book value of land increased to EUR 22,736 thousand as of 30 September 2025, up from EUR 20,756 thousand a year earlier.

• Revenue for the first nine months of 2025 was EUR 640 thousand, up from EUR 605 thousand in the same period of 2024.

• Net profit for the first nine months of 2025 was EUR 368 thousand, compared to EUR 344 thousand in 2024.

• Average rental income per hectare rose to EUR 288, up from EUR 272 year-over-year.

• Book value per share increased to EUR 6.11 as of 30 September 2025, from EUR 5.65 a year earlier.

Outlook and guidance

• Dividend of EUR 0.12 per share for 2024 was approved and paid in May 2025, in line with the dividend policy.

• The Basic Property Administration Agreement was extended to 31 December 2025, supporting ongoing operational stability.