Eurocastle Investment (ECT) Q1 2025 earnings summary

Executive summary

• Released Q1 2025 interim statement and announced €4.6 million liquidation reserve release, increasing Adjusted NAV by €4.0 million after fees.

• EPIF fund commitments surpassed €61 million post-quarter, with a sustainable platform anticipated for future growth.

• Annual General Meeting scheduled for 5 August 2025.

Financial highlights

• IFRS NAV at €22.0 million (€22.01/share) as of 31 March 2025, down slightly from €22.1 million (€22.05/share) at Q4 2024.

• Adjusted NAV at €11.4 million (€11.43/share); pro forma Adjusted NAV post-reserve release at €15.5 million (€15.44/share).

• Q1 2025 net loss of €42,000 (€0.04/share), improved from €106,000 loss (€0.11/share) in Q1 2024.

• Total assets at €22.4 million, with €12.1 million in net corporate cash and €5.9 million in EPIF investment.

Outlook and guidance

• EPIF fund targets €100 million in commitments, with €20 million in advanced due diligence.

• Active pipeline of €40 million in potential EPIF opportunities.

• Board expects to grow the investment platform in future years.