Börsiteade
EfTEN United Property Fund / EFTEN Capital AS
Kategooria
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Manused
Kuupäev
04.11.2025 08:15:01
Pealkiri
EfTEN United Property Fund’i 2025. aasta 9 kuu ja III kvartali auditeerimata majandustulemused
Teade
2025. aasta III kvartalis teenis EfTEN United Property Fund 426 tuhat eurot
puhaskasumit (2024 III kvartal: 134 tuhat eurot). Fondi tulud kasvasid aastaga
176 tuhandelt eurolt 468 tuhande euroni, samal ajal kui kulud ei muutunud. Fondi
varade maht oli 30.09.2025 seisuga 28 167 tuhat eurot (31.12.2024: 27 478 tuhat
eurot).
EfTEN United Property Fund'i investeeringud toimisid 2025. aasta III kvartalis
ootuspäraselt. Suuremates ärikinnisvaraobjektides, kuhu fond on investeerinud
peamiselt läbi EfTEN Capitali AS-i poolt valitsetavate teiste fondide, püsis
vakantsus eelmise kvartali tasemel.
Uus-Järveküla elurajooni arendusinvesteering on liikumas oma lõpufaasi. Juulis
anti klientidele üle viimased kolmandas etapis valminud ridamajad. Saadud
müügitulu arvelt tagastas Invego Uus-Järveküla OÜ fondile 128 tuhat eurot
omaniklaenu intresse ja 1,092 miljonit eurot omaniklaenu põhiosa. Kokku on
arendusettevõte 2025. aastal tagastanud fondile 2,73 miljoni euro ulatuses laenu
põhiosa ja intresse. Kolmandas kvartalis lõpetati suurem osa elurajooni viimase,
32 ridamaja osast koosneva, ehitusetapi välistest ehitustöödest. Ehituse poolelt
on jäänud lõpetada veel siseviimistlustööd. Kvartali lõpu seisuga oli klientide
poolt broneerimata 25 ridamaja osa, mis on juba valminud või valmivad 2026.
aasta kevadel. Lisaks on müümata üks ärimaa ning üks eramukrunt.
Bilansipäeva järgselt teatas fond investoritele tehtavast 420 tuhande euro
suurusest väljamaksest, mille aluseks on alusfondidest ning Invego Uus-Järveküla
OÜ-st laekunud tulud. Sellega on fond koos kevadel tehtud väljamaksega teinud
investoritele 2025. aastal väljamakseid enam kui 9% ulatuses fondi
turukapitalisatsioonist.
Koondkasumiaruanne
+-----------+------------+
|III kvartal| 9 kuud |
+-----+-----+------+-----+
|2025 |2024 | 2025 |2024 |
+-----------------------------------------------------+-----+-----+------+-----+
|EUR tuhandetes | | | | |
+-----------------------------------------------------+-----+-----+------+-----+
|TULUD | | | | |
+-----------------------------------------------------+-----+-----+------+-----+
|Intressitulu | 116 | 137 | 413 | 447 |
+-----------------------------------------------------+-----+-----+------+-----+
|Alusfondidest välja makstud kasum | 0 | 0 | 420 | 260 |
+-----------------------------------------------------+-----+-----+------+-----+
|Intressikulu | 0 | 0 | -6 | 0 |
+-----------------------------------------------------+-----+-----+------+-----+
|Muud finantstulud | 0 | 0 | 4 | 5 |
+-----------------------------------------------------+-----+-----+------+-----+
|Neto kasum / kahjum õiglases väärtuses muutusega läbi| | | | |
|koondkasumiaruande kajastatud varadelt | 352 | 39 |1 427 | -26 |
+-----------------------------------------------------+-----+-----+------+-----+
| Tütarettevõtetelt | 47 | 26 | 784 |-114 |
+-----------------------------------------------------+-----+-----+------+-----+
| Alusfondidelt | 305 | 13 | 643 | 88 |
+-----------------------------------------------------+-----+-----+------+-----+
|Tulud kokku | 468 | 176 |2 258 | 686 |
+-----------------------------------------------------+-----+-----+------+-----+
| | | | | |
+-----------------------------------------------------+-----+-----+------+-----+
|KULUD | | | | |
+-----------------------------------------------------+-----+-----+------+-----+
|Tegevuskulud | | | | |
+-----------------------------------------------------+-----+-----+------+-----+
| Valitsemistasud | -26 | -28 | -82 | -84 |
+-----------------------------------------------------+-----+-----+------+-----+
| Fondi administreerimise kulud | -5 | -5 | -22 | -21 |
+-----------------------------------------------------+-----+-----+------+-----+
| Muud tegevuskulud | -11 | -9 | -49 | -46 |
+-----------------------------------------------------+-----+-----+------+-----+
|Tegevuskulud kokku | -42 | -42 | -153 |-151 |
+-----------------------------------------------------+-----+-----+------+-----+
| | | | | |
+-----------------------------------------------------+-----+-----+------+-----+
|Ärikasum/ -kahjum | 426 | 134 |2 105 | 535 |
+-----------------------------------------------------+-----+-----+------+-----+
|Aruandeperioodi puhaskasum /-kahjum | 426 | 134 |2 105 | 535 |
+-----------------------------------------------------+-----+-----+------+-----+
| | | | | |
+-----------------------------------------------------+-----+-----+------+-----+
|Tava- ja lahustatud kasum / -kahjum osaku kohta | | | | |
|(eurodes) |0,17 |0,05 | 0,85 |0,22 |
+-----------------------------------------------------+-----+-----+------+-----+
Finantsseisundi aruanne
+----------+----------+
|30.09.2025|31.12.2024|
+--------------------------------------------------------+----------+----------+
|EUR tuhandetes | | |
+--------------------------------------------------------+----------+----------+
|VARAD | | |
+--------------------------------------------------------+----------+----------+
|Käibevarad | | |
+--------------------------------------------------------+----------+----------+
|Raha ja raha ekvivalendid | 1 428 | 0|
+--------------------------------------------------------+----------+----------+
|Lühiajalised hoiused | 0 | 120|
+--------------------------------------------------------+----------+----------+
|Antud laenud | 1 917 | 3 519|
+--------------------------------------------------------+----------+----------+
|Muud nõuded ja viitlaekumised | 382 | 1 039|
+--------------------------------------------------------+----------+----------+
|Käibevarad kokku | 3 727 | 4 678|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|Põhivarad | | |
+--------------------------------------------------------+----------+----------+
|Finantsvarad õiglases väärtuses muutusega läbi kasumi | | |
|aruande | 22 301 | 21 063|
+--------------------------------------------------------+----------+----------+
| Investeeringud tütarettevõtjatesse | 1 938 | 1 154|
+--------------------------------------------------------+----------+----------+
| Alusfondidesse | 20 363 | 19 909|
+--------------------------------------------------------+----------+----------+
|Antud laenud | 2 149 | 2 149|
+--------------------------------------------------------+----------+----------+
|Põhivarad kokku | 24 450 | 23 212|
+--------------------------------------------------------+----------+----------+
|VARAD KOKKU | 28 177 | 27 890|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|KOHUSTUSED | | |
+--------------------------------------------------------+----------+----------+
|Panga arvelduskrediit | 0| 400|
+--------------------------------------------------------+----------+----------+
|Lühiajalised kohustused | 10| 12|
+--------------------------------------------------------+----------+----------+
|Kohustused kokku, v.a osakuomanikele kuuluv fondi vara | | |
|puhasväärtus | 10| 412|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|FONDI VARA PUHASVÄÄRTUS | | |
+--------------------------------------------------------+----------+----------+
|Osakuomanikele kuuluv fondi vara puhasväärtus | 28 167| 27 478|
+--------------------------------------------------------+----------+----------+
|Kohustused ja osakuomanikele kuuluv fondi vara | | |
|puhasväärtus kokku | 28 177| 27 890|
+--------------------------------------------------------+----------+----------+
EfTEN United Property Fund 2025. aasta 9 kuu ja III kvartali auditeerimata
majandustulemused on lisatud käesolevale teatele ja leitavad Fondi
kodulehel: https://eftenunitedpropertyfund.ee/aruanded-ja-dokumendid/
Kristjan Tamla
Tegevjuht
Tel: 655 9515
E-post: [email protected] (mailto:[email protected])
Pealkiri
EfTEN United Property Fund unaudited financial results for 3rd quarter and 9 months of 2025
Teade
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, 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 |
+-----------------------------------------------------+-----+-----+------+-----+
|EUR 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|
+--------------------------------------------------------+----------+----------+
|EUR 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] (mailto:[email protected])