Tewox's Financial Update Highlights Robust Growth in 2025
Tewox's Latest Financial Overview
In a recent announcement, SUTNTIB AB Tewox, known for its significant presence in the investment sector, has released its latest factsheet reflecting the company's financial performance and key developments up to June 30, 2025. This document highlights a period of considerable engagement in various projects, cementing the company’s role in the industry.
Highlights from Q2 2025
Several remarkable events have marked the second quarter of 2025 for SUTNTIB AB Tewox. Among the key highlights:
Financial Transactions
The company facilitated a coupon payment totaling 1.7 million EUR to bondholders from its recent 35 million EUR public bond issuance. This indicates Tewox's strong financial planning and commitment to its investors.
Dividends Distributed
Furthermore, Tewox has fully distributed dividends amounting to 1.67 million EUR for the 2024 financial year. This distribution translates into a substantial dividend yield of 4%, reflecting the company’s profitability and dedication to delivering value to shareholders.
New Developments
Exciting developments are underway as the construction of a new retail park in Utena has commenced. This retail space is designed to encompass around 5,000 square meters of gross leasable area (GLA), with the well-known supermarket chain IKI set to be the anchor tenant. The total investment earmarked for this project exceeds 8 million EUR, with an anticipated opening in early 2026.
Asset Valuation Growth
An independent valuation of Tewox's portfolio, conducted at the end of April, revealed an increase in operating asset value by 4.6 million EUR, raising the total from 151 million EUR to 155.6 million EUR. Notably, the overall value of assets under management saw an upward climb to 168.7 million EUR, signaling strong operational growth.
Permits and Agreements
A significant milestone was achieved with the successful acquisition of a construction permit for a grocery store featuring 2,127 square meters of GLA in Klaip?da. Additionally, the company secured two general contracting agreements for development initiatives in Vilnius and the Klaip?da district, indicating robust expansion plans.
Future Prospects for Tewox
Looking ahead, Tewox seems well-positioned to leverage its recent achievements and projects. The ongoing construction initiatives, coupled with a solid asset base, not only underline the company's commitment to growth but also its strategic alignment with market trends. Investors can anticipate continued progress and exciting developments on the horizon.
Contact Information
If you have further questions regarding Tewox’s financial updates or require additional information, you can reach out to:
Paulius Nevinskas
Manager of the Investment Company
Email: paulius.nevinskas@lordslb.lt
Frequently Asked Questions
What are the key financial achievements of Tewox in 2025?
Tewox has reported a coupon payment of 1.7 million EUR and distributed dividends totaling 1.67 million EUR, reflecting its strong financial position.
What new projects is Tewox currently undertaking?
The company has started building a new retail park in Utena and secured contracts for additional developments in Vilnius and Klaip?da.
How has Tewox's asset value changed?
The independent valuation revealed an increase in operating asset value from 151 million EUR to 155.6 million EUR as of April 2025.
When is the new retail park expected to open?
The retail park in Utena is anticipated to open in the first quarter of 2026.
Who can investors contact for more information?
Investors can contact Paulius Nevinskas for further inquiries regarding Tewox's financials and projects.
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