)
Visual
test
Fondul Proprietatea
Fondul Proprietatea (FP) investor relations material
Fondul Proprietatea Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Jan, 2026
Executive summary
NAV at end-December 2025 was RON 2.34 billion, with NAV per share at RON 0.7944 and a 16.79% trading discount; profit for 2025 was RON 447.9 million, up from RON 251.5 million in 2024.
Portfolio comprised 23 companies (5 listed, 18 unlisted), with unlisted holdings representing 88.7% of NAV; main holdings accounted for 90.8% of NAV.
Delisting of GDRs from LSE completed in April 2025, focusing trading on BVB.
Major buybacks and two dividend distributions in 2025, with continued focus on shareholder value and governance improvements.
Significant board and management changes, including new CEO/CFO at Bucharest Airport and Board of Nominees restructuring.
Financial highlights
Total equity at year-end was RON 2,342.5 million, up 8.3% year-over-year; NAV per share at RON 0.7944, up 13% from 2024.
Net gain from equity investments was RON 308.3 million; gross dividend income reached RON 155.6 million in 2025.
Share price at year-end was RON 0.5360, up 70.2% year-over-year, with a total return of 94.7%.
Operating expenses decreased to RON 35.4 million in 2025.
Dividend income in 2025 was RON 10 million higher YoY, mainly from Bucharest Airport and Salrom.
Outlook and guidance
Dividend proposals depend on available cash from portfolio companies, with Bucharest Airport and Salrom as main payers.
Buyback program for up to 294.8 million shares proposed for 2026, pending shareholder approval.
Ongoing focus on minimizing NAV discount, maximizing shareholder value, and transparent communication.
Detail strategy for CNAB minority stake repurchase
Reconcile Constanta Port cash, no dividends, acquisition
Outline implementation of enhanced transparency standards
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Fondul Proprietatea
- NAV per share up, profit rebounds, but buy-back limits and governance risks persist.FP
H1 202422 Jan 2026 - NAV up, profit rebounded, but shares traded at a steep discount; buybacks and GDR delisting key.FPQ4 202410 Jan 2026
- Shareholders are driving strategy, manager selection, and buybacks to boost value and transparency.FPStatus Update5 Dec 2025
- H1 2025 profit was RON 140.6m, NAV RON 2.13bn, and buy-backs and dividends continued.FPQ2 202523 Nov 2025
- NAV per share up 5.7% YTD, RON 139.8m profit, major buy-back and two dividends in 2025.FPQ3 202514 Nov 2025
- NAV per share rose 10.8% YTD, but shares traded at a 44.2% discount to NAV.FPQ3 202413 Jun 2025
- NAV fell 4.5% in Q1 2025 as shares traded at a persistent 44% discount to NAV.FPQ1 20256 Jun 2025
Next Fondul Proprietatea earnings date
Q1 20262 Jun, 2026
Fondul Proprietatea
Next Fondul Proprietatea earnings date
Q1 20262 Jun, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage