Ovaro Kiinteistösijoitus (OVARO) Q2 2025 earnings summary

Executive summary

• Net profit for Q2/2025 was €1.85 million, up from €0.70 million year-over-year, driven by the sale of the Apitare Oy stake, which contributed €1.7 million to earnings.

• Revenue from rental income fell 38% to €1.01 million due to residential property sales.

• Liquidity improved significantly, with cash reserves at €10.4 million versus €1.6 million at the end of 2024.

• The company continues to execute its buy-develop-sell strategy, focusing on project development and asset sales.

Financial highlights

• H1/2025 net profit was €1.04 million, up from €0.76 million year-over-year.

• H1/2025 revenue was €2.10 million, down from €2.88 million year-over-year.

• Net rental income for H1/2025 dropped to €0.31 million from €1.36 million year-over-year.

• Earnings per share (EPS) for H1/2025 was €0.13, up from €0.09 year-over-year.

• Cash flow from operations was negative, but overall cash position increased due to asset sales.

Outlook and guidance

• Guidance for 2025 is reiterated: full-year profit is expected to exceed 2024 levels.

• Market conditions are gradually improving, with lower interest rates and rising housing demand in growth centers.