Orkela's Financial Progress and Development Update for 2025
Company Overview
Basic data about the Company
UAB Orkela is a private limited liability company that proudly focuses on real estate development and construction. Established in 2015, its legal address is Jogailos st. 4 in Vilnius. The Company has a land plot and a building complex located at Vasario 16 st. 1, where it is currently working on an innovative lyceum and hotel complex adjacent to the historic Church and Monastery of the Apostles St. Philip and James.
Second Quarter Highlights of 2025
Highlights of the second quarter of 2025
The second quarter of 2025 marked significant achievements for UAB Orkela. In April, the historical part of the complex achieved 100% completion. This milestone is a testament to the hard work and dedication of the team involved in this project. Following this milestone, the Public Institution Modern School Center commenced operations within the complex, offering educational services to the community.
Moreover, in June, both Reitan Convenience Lietuva and TNS Kantar set up their operations in the premises, bringing more vibrancy and economic activity to the area. This diversification in tenant mix promises to enhance the overall value of the project.
Financial Overview
Throughout the first half of 2025, UAB Orkela navigated various financial challenges and investments. The Company incurred a total of EUR 617.3 thousand in project development costs alongside financing costs amounting to EUR 1.9 million. Despite these expenditures, the Company successfully generated revenues of EUR 163.0 thousand, indicating a proactive approach to managing its finances while striving for growth.
As of 30 June 2025, the assets of UAB Orkela were valued at EUR 70,169 thousand, a significant increase from EUR 50,695 thousand reported at the end of 2024. This progress reflects the Company’s commitment to expanding its portfolio and enhancing its asset base.
Loan to Cost Ratio (LTC)
The Loan to Cost ratio as of 30 June 2025 stands at a healthy 49.46%. This ratio is crucial as it demonstrates the Company's financial leverage in relation to its project costs, an essential factor for potential investors and stakeholders.
Supplementary Information
Supplement
In addition to the previously published financial statements for the first half of 2025, UAB Orkela has issued a semi-annual management report. This report includes statements from responsible persons involved in the Company, providing transparency and accountability to its stakeholders. It is important to note that this supplement does not alter the content of the original financial statements.
Contact Information
For further information regarding UAB Orkela, interested parties can reach out directly to the Company’s Director, Anastasija Pocien?. She is available for queries and discussions related to the Company's operations and financial performance.
Email: Anastasija.Pociene@lordslb.lt
Phone: +370 671 16 232
Frequently Asked Questions
What is UAB Orkela's primary business focus?
UAB Orkela primarily specializes in real estate development and construction.
When was UAB Orkela established?
UAB Orkela was registered in September 2015.
What financial growth did UAB Orkela experience in 2025?
As of June 2025, UAB Orkela's assets grew to EUR 70,169 thousand, up from EUR 50,695 thousand at the close of 2024.
What major developments occurred in the second quarter of 2025?
The historical part of the complex was completed, and several organizations began operations in the complex.
Who can be contacted for more information about UAB Orkela?
For inquiries, you can contact Anastasija Pocien?, the Director of UAB Orkela, via email or phone.
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