Park Street (PARKST) H1 2025 earnings summary

Executive summary

• EBVAT for H1 2025 reached DKK 13.7 million, more than double H1 2024, despite lower net sales due to property disposals.

• Profit after tax and valuation adjustments was DKK 17.7 million, up from DKK 2.9 million year-over-year.

• Strategic focus continued on core assets, with the sale of Stagehøjvej 22, Silkeborg and cancellation of 13.8 million treasury shares.

• Workforce reduced from 18 to 14 employees by June 2025.

Financial highlights

• Net sales for H1 2025 were DKK 73.7 million, down from DKK 82.3 million in H1 2024.

• Operating profit (EBIT) was DKK 44.7 million, up slightly from DKK 43.8 million in H1 2024.

• Cash flows from operations dropped to DKK 2.7 million from DKK 20.3 million year-over-year.

• Net asset value per share increased to DKK 22.6 from DKK 16.2 in H1 2024.

• Equity ratio improved to 39.5% from 37.6% year-over-year.

Outlook and guidance

• EBVAT guidance for 2025 revised to DKK 20–25 million, down from previous DKK 30–40 million, due to refinancing and timing of disposals.

• One-time, non-cash capitalised borrowing cost of DKK 22 million expected in 2025 from refinancing.

• Focus remains on consolidating core assets and reducing exposure to retail and regional properties.