RomReal (ROM) Q1 2025 earnings summary

Executive summary

• NAV per share was EUR 0.36, down 1.8% from Q4 2024, with total NAV at EUR 14.4m.

• Net result for Q1 2025 was a loss of EUR 259,000, compared to a gain of EUR 231,000 in Q1 2024.

• Cash position at quarter-end was EUR 3.3m, with EUR 0.8m in short-term deposits and EUR 1.4m in unsettled receivables.

• Operating revenue dropped to EUR 64,000 from EUR 1.5m year-over-year, mainly due to lower asset disposals.

• Sale of 11,500 sqm plot in Industrial Park in May 2025 at a price well above IFRS valuation.

Financial highlights

• Operating expenses were EUR 307,000, up from EUR 291,000 year-over-year.

• Net financial income was EUR 60,000, down from EUR 89,000 in Q1 2024.

• Cash flow from operations was EUR 25,000, down from EUR 427,000 in Q1 2024.

• Total assets at quarter-end were EUR 15.1m, with equity at EUR 14.4m (95.2% equity ratio).

• NAV per share declined to EUR 0.36 from EUR 0.42 year-over-year.

Outlook and guidance

• No cash return to shareholders planned for 2025; focus remains on cost control and modest risk.

• Board anticipates improved consumer confidence and gradual reduction in key rate/inflation could boost residential demand.

• Political volatility expected to decrease after presidential election, but government stability remains uncertain.