Warimpex (WXF) Q4 2025 earnings summary

Executive summary

• Revenue declined by 5% to EUR 20.4 million for 2025 compared to the previous year, with rental income up 8% but hotel revenues down 26%.

• EBITDA increased 61% to EUR 1.8 million, while net loss from continuing operations narrowed to EUR -2.4 million from EUR -16 million year-over-year.

• Major operational milestones included new tenant agreements, expansion of coworking spaces, and the launch of residential development projects in Poland.

Financial highlights

• Rental income rose 8% year-over-year, while hotel segment revenues fell 26%.

• EBITDA reached EUR 1.8 million, up from EUR 1.1 million in 2024.

• Net loss from continuing operations improved to EUR -2.4 million from EUR -16.5 million.

• Gross asset value as of 31/12/2025 was EUR 241.2 million, with 74% of assets in Poland.

Outlook and guidance

• Key objectives for 2026 include developing land reserves, increasing the value of standing assets, and launching apartment sales at Mogilska 31 Living.

• Plans to rebrand the hotel in Darmstadt and focus on sustainable building initiatives.