Vivenio Residencial SOCIMI (YVIV) H2 2025 earnings summary

Executive summary

• Achieved consolidated operating profit of €61.2 million, driven by rental growth, asset sales, and portfolio revaluation year-over-year.

• Rental income rose 33.5% to €77.3 million, with stable occupancy above 90% and a residential rent average of €12.81/m²/month.

• Portfolio expanded to 52 residential developments (6,583 homes, 74 commercial units), with three new acquisitions and selective asset disposals.

• Completed merger by absorption of six subsidiaries, streamlining group structure.

Financial highlights

• Net profit attributable to the parent: €75.2 million (down from €79.4 million in 2024).

• Total revenues: €77.3 million (2024: €56.6 million).

• EBITDA: €60.3 million (2024: €36.4 million).

• Fair value gains on investment property: €70.3 million (2024: €85.4 million).

• Net financial debt: €754.9 million (2024: €689.7 million).

• Cash and equivalents: €3.8 million (2024: €2.2 million).

Outlook and guidance

• Expects to maintain high occupancy and consolidate rental levels in 2026.

• Plans further asset acquisitions and continued asset improvement and rehabilitation.

• Exploring new rental models (tourist, medium-term) within regulatory limits.