EgnsINVEST Ejendomme Tyskland (EGNETY) Q4 2025 earnings summary

Executive summary

• Focus on residential and commercial property rental in Berlin, with 80% residential and 20% commercial by area.

• Portfolio consists of 24 properties with 737 residential and 84 commercial units as of year-end 2025.

• Active management and strategic property sales contributed to liquidity and debt reduction.

Financial highlights

• Net revenue for 2025 was DKK 60.2 million, a 2.5% decrease year-over-year due to property sale.

• EBVAT (operating profit before fair value adjustments and tax) rose to DKK 15.3 million from DKK 12.0 million in 2024.

• Net profit after tax was DKK 25.0 million, down from DKK 51.8 million in 2024, which was positively impacted by a one-off property sale.

• Investment properties valued at DKK 1,458 million at year-end.

• Equity stood at DKK 632 million.

Outlook and guidance

• 2026 revenue expected between DKK 60–64 million, driven by rental growth in existing units.

• EBVAT guidance for 2026 is DKK 15–17 million, reflecting anticipated rental increases and continued low vacancy.

• Positive outlook for Berlin’s rental market due to persistent housing shortage and population growth.