Pro Kapital Grupp (PKG1T) Q4 2025 earnings summary

Executive summary

• Achieved strong revenue growth in 2025, reaching EUR 53.2 million, up from EUR 18.2 million in 2024, driven by apartment handovers in key developments in Tallinn and Vilnius.

• Net profit for 2025 was EUR 12.0 million, reversing a EUR 3.9 million loss in 2024; Q4 net profit was EUR 6.0 million.

• Major construction milestones reached in Tallinn, Riga, and Vilnius, with significant progress in Kristiine City, Blue Marine, and Šaltinių Namai projects.

• Cash generated from operating activities totaled EUR 10.8 million in 2025, compared to cash used of EUR 10.4 million in 2024.

• Net assets per share increased to EUR 1.12 as of 31 December 2025.

Financial highlights

• Revenue for 2025: EUR 53.2 million (2024: EUR 18.2 million); Q4 revenue: EUR 18.9 million (Q4 2024: EUR 7.6 million).

• Gross profit for 2025: EUR 18.8 million (2024: EUR 5.4 million); Q4 gross profit: EUR 6.9 million.

• Operating profit for 2025: EUR 14.7 million (2024: EUR 0.1 million); Q4 operating profit: EUR 7.1 million.

• Earnings per share for 2025: EUR 0.22 (2024: EUR -0.06).

• Total assets as of 31 December 2025: EUR 124.5 million; equity: EUR 63.3 million.

Outlook and guidance

• Ongoing construction and planning in Tallinn, with new projects expected to add 35,000 m² and 350 units.

• Blue Marine project in Riga advancing, with construction and sales activities ongoing.

• Vilnius projects nearing completion, with further handovers and new developments planned for 2026.

• Management expects continued growth and stable market conditions to support future activity.