RomReal (ROM) Q4 2025 earnings summary

Executive summary

• Net Asset Value (NAV) per share rose 7.5% quarter-over-quarter to EUR 0.39 before tax, driven by property sales, infrastructure investments in Oasis, and positive revaluation effects.

• Net result for Q4 2025 was a gain of EUR 1,139,000, reversing a loss of EUR 1,540,000 in Q4 2024, mainly due to asset sales.

• Cash position at quarter-end was EUR 6.0 million, with an additional EUR 0.5 million in unsettled receivables.

• Property portfolio independently valued at EUR 10.4 million at year-end 2025.

Financial highlights

• Operating revenue increased to EUR 438,000 from EUR 281,000 year-over-year.

• Operating gain of EUR 1,396,000 in Q4 2025, compared to a loss of EUR 1,619,000 in Q4 2024.

• Total assets grew to EUR 16,787,000 from EUR 15,216,000 year-over-year.

• Equity ratio stood at 94.5% at year-end 2025, slightly down from 96.6% a year earlier.

• Cash and cash equivalents rose to EUR 5,987,000 from EUR 3,255,000 year-over-year.

Outlook and guidance

• Inflation is expected to decline in 2026, with CPI forecasts at 3.9% for 2026 and 2.7% for 2027.

• Anticipated gradual increase in real estate market activity as inflation moderates.

• Main risk identified is domestic political stability and government coalition cohesion.