Vivenio Residencial SOCIMI (YVIV) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2025, increased to €36.2 million, up 39% year-over-year, driven by higher rental income and new property additions.

• Net profit attributable to the parent was €46.2 million, a 22% increase compared to €37.8 million in the same period last year.

• Fair value gains on investment properties contributed €38.0 million to pre-tax profit.

• The group continued expanding its portfolio, including the acquisition of Gran Vía del Sureste and new developments entering operation.

Financial highlights

• Total assets reached €1,966.1 million as of June 30, 2025, up from €1,873.5 million at year-end 2024.

• Equity increased to €1,162.4 million from €1,119.0 million at December 2024.

• Net operating income rose to €24.7 million, up from €15.8 million year-over-year.

• EBITDA margin improved, supported by higher occupancy (90% residential, 85% commercial) and rental growth.

• Cash and cash equivalents stood at €4.0 million, with net cash from operations at €1.9 million for the period.

Outlook and guidance

• Management expects continued growth in rental income and asset value, supported by ongoing development and acquisitions.

• The company maintains a positive outlook for the remainder of 2025, citing strong occupancy and robust demand in the Spanish residential rental market.