AB Tewox Posts Financial Results for the First Half of 2025
AB Tewox, alongside its subsidiaries, has shared its interim consolidated financial statements for the six-month duration that concluded at the end of June 2025. These results highlight a robust financial standing and significant corporate developments that will shape the Group's future.
Overview of Financial Performance
The first half of 2025 has proven to be promising for AB Tewox, as indicated by the following key financial metrics:
- Company Assets: The total assets held by the Company reached EUR 81.799 million, showcasing strong growth.
- Equity Position: With equity reported at EUR 46.370 million, the Company's financial foundation remains solid.
- Liabilities Management: Liabilities came in at EUR 35.767 million, demonstrating effective management of obligations.
- Investment Assets: The fair value of investment assets recorded an impressive increase to EUR 81.799 million, representing an 18.71% growth compared to the previous period.
- Total Comprehensive Income: For the first half, total comprehensive income stood at EUR 4.197 million.
- Loan to Value Ratio: The Company’s loan-to-value (LTV) ratio is recorded at 42.61%, maintaining a healthy financial balance.
On the Group level, performance metrics include:
- Total Group Assets: A total of EUR 179.567 million.
- Group Equity: This is reported at EUR 53.161 million, providing a strong equity backing.
- Group Liabilities: Total liabilities are stated as EUR 126.406 million.
- Investment Property: The fair value of investment properties increased to EUR 171.053 million, marking an 8.00% rise.
- Operating Income: The Group achieved an operating income of EUR 7.043 million.
- Comprehensive Income: The overall comprehensive income was EUR 3.482 million.
- Group LTV Ratio: Related entities exhibited a loan-to-value ratio of 47.42%.
Significant Events in 2025
During the first half of 2025, several crucial events took place:
- The Company successfully acquired investment properties valued at approximately EUR 7.69 million through its subsidiaries. The new acquisitions included:
- A commercial building.
- A land plot situated in a promising area.
- In January, the Company completed the third tranche of a public bond issuance, raising EUR 11.226 million.
- The Company performed an early redemption of bonds worth EUR 7.474 million towards the end of January.
- In terms of expansion, the Group secured building permits for retail projects, positively affecting areas like Vilnius and Klaip?da. A noteworthy retail park project is underway in Utena, covering nearly 5,000 square meters.
Updates Post-Reporting Period
After the reporting period, several advancements occurred:
- A loan agreement for EUR 2 million was signed on 5 August 2025, providing additional financial resources for operational needs.
- On 19 August 2025, a financial agreement facilitated a EUR 6.2 million loan for further development of the Utena project.
- The Group launched construction on three separate retail centers across Klaip?da district and Vilnius, showcasing its commitment to growth and development slated for completion by 2026.
Contact Information
For more details regarding these developments and financial results, please reach out to:
Paulius Nevinskas
Manager of the Investment Company
Email: paulius.nevinskas@lordslb.lt
Frequently Asked Questions
What are the key financial indicators for AB Tewox in 2025?
AB Tewox reported total assets of EUR 81.799 million, equity of EUR 46.370 million, and liabilities of EUR 35.767 million.
What significant acquisitions did the Company make?
The Company acquired investment properties totaling approximately EUR 7.69 million, including a commercial building and a land plot.
What is the Company's loan-to-value ratio?
The Company’s LTV ratio is 42.61%, indicating effective financial management.
When is the expected completion for the retail development projects?
The construction projects in Klaip?da and Vilnius are planned to be finished by 2026.
Who should I contact for more information about AB Tewox?
You can contact Paulius Nevinskas at paulius.nevinskas@lordslb.lt for inquiries.
