Summus Capital OÜ has released its consolidated financial results for the second quarter of 2025, demonstrating solid performance and strategic portfolio optimization.

Key Q2 2025 Highlights:

• Consolidated sales revenue was EUR 13.5 million, which represents a slight quarterly decrease.
• Operating profit increased to EUR 9.3 million, up from EUR 8.9 million in Q1 2025.
• Net profit reached EUR 5.8 million, with EUR 5.5 million attributable to Summus Capital’s equity holders.
• The consolidated balance sheet grew to EUR 558.4 million.
• A new public bond offering successfully raised EUR 30 million.
• Successful sale of multifunctional stock-office at Punane street in Tallinn, Estonia.
• The Group’s shopping centers saw a 5.4% increase in tenant turnover and a 2% rise in footfall compared to Q2 2024.
• The Group’s equity-to-total-assets ratio stood at 35%, and the Debt Service Coverage Ratio (DSCR) was 1.30x, both well above the required minimums.

Summus Capital’s consolidated sales revenue for the second quarter was EUR 13.5 million. While this represents a slight quarterly decrease, it was due to lower utility expenses recharged to tenants, with rental income remaining stable. The Group’s strategic moves, including the successful EUR 30 million bond issuance and the sale of the Punane 56 property, significantly bolstered the consolidated cash balance, which rose to EUR 39.2 million.

The consolidated balance sheet grew to EUR 558.4 million in Q2 2025. Total consolidated liabilities increased to EUR 362.0 million, and owner’s equity rose to EUR 196.4 million. The company’s financial position remains strong, and it continues to meet its bond covenants.

Aavo Koppel, Member of the Board of Summus Capital, added: “Our financial position remains robust, as evidenced by the successful completion of our first public bond offering which was oversubscribed by nearly 30%. We are fully compliant with all our bond terms, and our increased cash balance and strategic capital-raising efforts position us well to seize new market opportunities and expand our portfolio while maintaining our commitment to transparency and sustainable growth.”

“Our Q2 results confirm the success of our chosen strategy,” said Hannes Pihl, Member of the Board of Summus Capital. “Despite the lack of new demand for office space in the Baltics, we have extended lease agreements with several anchor tenants, maintaining our portfolio vacancy rate at a low 2.2%. In the context of retail operators’ turnover, our tenants’ growth of over 5%, combined with the income from our office portfolio, is a strong indicator of the stable cash flow generated by our assets. The sale of the Punane 56 property, which the Group had managed since 2015, allows us to strategically optimize our portfolio. The proceeds from this sale, together with our recent bond issue, will be reinvested to expand our portfolio with a strategic focus on larger, modern assets that align with our long-term vision.”

About Summus Capital

Summus Capital (www.summus.ee) is a real estate investment holding company founded in 2013. The group owns a portfolio of 15 properties in the Baltic countries and Poland, covering the retail, office, logistics, and medical sectors. The total rental area exceeds 253,000 square meters, and the portfolio value is more than EUR 500 million. The asset portfolio and ESG strategy for Summus Capital are managed by Green Formula Capital.

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