EfTEN United Property Fund unaudited financial results for 3rd quarter and 9 months of 2025

In the third quarter of 2025, EfTEN United Property Fund earned a net profit of 426 thousand euros (Q3 2024: 134 thousand euros). The fund's income increased from 176 thousand euros to 468 thousand euros year-on-year, while expenses remained unchanged. The fund's assets amounted to 28,167 thousand euros as of 30.09.2025 (31.12.2024: 27,478 thousand euros).EfTEN United Property Fund's investments performed as expected in the third quarter of 2025. In larger commercial real estate premices,...

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Tallinn, 04/11/2025 (informazione.news - comunicati stampa - economia)

EfTEN United Property Fund's investments performed as expected in the third quarter of 2025. In larger commercial real estate premices, where the fund has invested mainly through other funds managed by EfTEN Capital, the vacancy rate remained at the previous quarter's level.

The development investment in the Uus-Järveküla residential area is entering its final phase. In July, the last terraced housed completed in the third phase were handed over to customers. From the sales proceeds, Invego Uus-Järveküla OÜ returned 128 thousand euros in owner loan interest and 1.092 million euros in owner loan principal to the fund. In total, the development company has distributed 2.73 million euros to the fund in 2025. In the third quarter, most of the external construction works of the last development phase, consisting of 32 terraced house units, were completed. On the construction side interior finishing works remain to be completed. As of the end of the quarter, 25 completed and to be completed in spring 2026 terraced houses were not yet booked by clients. In addition, one commercial land plot and one residential plot have not been sold.

Following the balance sheet date, the fund announced a distribution of 420 thousand euros to investors, based on income received from the underlying funds and Invego Uus-Järveküla OÜ. Together with the spring distribution, the fund has distributed to investors over 9% of the fund's market capitalization in 2025.

Statement of the comprehensive income

	3rd quarter		9 months
	2025	2024	2025	2024
€ thousand
INCOME
Interest income	116	137	413	447
Distributed profit from underlying funds	0	0	420	260
Interest expenses	0	0	-6	0
Other financial income	0	0	4	5
Net profit / loss from assets recognised in fair value through profit or loss	352	39	1 427	-26
Investments in subsidiaries	47	26	784	-114
Investments in funds	305	13	643	88
Total income	468	176	2 258	686

COSTS
Operating expenses
Management fee	-26	-28	-82	-84
Costs of administering the Fund	-5	-5	-22	-21
Other operating expenses	-11	-9	-49	-46
Total operating expenses	-42	-42	-153	-151

Profit / loss for the period	426	134	2 105	535
Total profit / loss for the period	426	134	2 105	535

Ordinary and diluted earnings / loss per share (EUR)	0,17	0,05	0,85	0,22

Statement of financial position

	30.09.2025	31.12.2024
€ thousand
ASSETS
Current assets
Cash and cash equivalents	1 428	0
Short-term deposits	0	120
Loans granted	1 917	3 519
Other receivables and accrued income	382	1 039
Total current assets	3 727	4 678

Non-current assets
Financial assets at fair value through profit or loss	22 301	21 063
Investments in subsidiaries	1 938	1 154
Real estate funds	20 363	19 909
Loans granted	2 149	2 149
Total non-current assets	24 450	23 212
TOTAL ASSETS	28 177	27 890

LIABILITIES
Bank overdraft	0	400
Current liabilities	10	12
Total liabilities, excluding net asset value of the fund attributable to shareholders	10	412

NET ASSET VALUE OF THE FUND
Net asset value of the fund attributable to shareholders	28 167	27 478
Total liabilities and net asset value of the fund attributable to shareholders	28 177	27 890

The unaudited 3^rd quarter and 9 months of 2025 report of the EfTEN United Property Fund is attached to the release and can be found on the Fund's website: https://eftenunitedpropertyfund.ee/en/reports-documents/

Kristjan Tamla
Managing Director
Phone 655 9515
E-mail: [email protected]

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