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Arco Vara (ARC1T) investor relations material
Arco Vara Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 saw stable and moderately recovering activity in the Estonian real estate market, with transaction volumes and prices stabilizing, especially in Tallinn's high-demand areas.
The first public bond offering was oversubscribed more than twofold, marking the largest bond issue among Baltic-listed real estate developers.
Strategic focus shifted to Estonia, with a planned exit from the Bulgarian market to enhance operational efficiency and value creation.
Major developments advanced, including Luther Quarter, Rannakalda, Soodi 6, Spordi, and Arcojärve projects.
Financial highlights
Revenue for the first nine months of 2025 was €5,624k, up €1,537k year-over-year.
Operating profit (EBIT) reached €622k, compared to a €158k loss in the prior year; net profit was €214k versus a €845k loss.
Q3 2025 revenue was €2,531k (Q3 2024: €2,154k); Q3 net profit was €256k (Q3 2024: €-157k).
Total assets more than doubled to €93,933k, mainly due to new project acquisitions.
Net debt increased to €47,407k, up €31,585k year-over-year, driven by Luther Quarter acquisition and bond issuance.
Outlook and guidance
Moderate market recovery is expected in H1 2026, especially in new developments, if macroeconomic stability and lower interest rates persist.
2025 revenue forecast: €8.3m; net profit forecast: €0.3m. 2026 revenue forecast: €23.0m; net profit: €2.6m.
Q4 2025 priorities include active sales, progressing developments, and presale preparations for Luther Quarter.
- TimeTickerHeadlineOpen
- 6 FebSCW
73% revenue growth and record backlog driven by new space contracts and strategic investments. - 6 FebSCW
Record revenue, surging backlog, and major space contracts set the stage for 2025 growth. - 6 FebSCW
Q1 2025 revenue nearly doubled year-over-year, with strong backlog and major new contracts secured. - 6 FebSCW
Record Q2 revenue, major new contracts, and a tripled backlog signal strong growth. - 6 FebSCW
Record backlog and 89% y/y revenue growth highlight strong momentum in space projects. - 6 FebNVDA
AI-driven virtual twins and accelerated computing are revolutionizing design and manufacturing. - 6 FebSPKSJF
Record income, strong growth, and robust capital position despite lower interest income. - 6 FebISCTR
Net profit hit TL 67.4 billion in 2025, with strong NIM, fee growth, and solid 2026 outlook. - 6 FebCDP
2025 FFO/share rose 5.8% with strong leasing and retention; 2026 guidance signals further growth. - 6 FebPENG
All proposals passed, with no questions raised during the Q&A session.
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