Summus Capital reaches record sales and assets following fourth Polish investment

Summus Capital continued its expansion in the second quarter of 2026 with the acquisition of The Park Krakow office complex, while the Group’s consolidated sales and total assets reached all-time highs.

Summus Capital OÜ’s consolidated sales revenue reached EUR 16 million in the second quarter of 2026, up 19% YoY and 1.3% from the previous quarter. Operating profit reached EUR 10 million, increasing 7.5% YoY and 1.6% QoQ.

On 29 May, Summus Capital acquired The Park Krakow office complex, marking the Group’s fourth investment in Poland. Following the acquisition, Poland’s share of Summus Capital’s portfolio increased to 44%.

“Poland has quickly become an established part of our business, and we are pleased to see our position there strengthening through further acquisitions. Following The Park Krakow investment, offices now account for 60% of our Polish portfolio, with the Polish office WAULT close to five years. At the same time, the broader Summus portfolio continues to perform well: turnover across our shopping centres increased by 7% YoY in Q2, while we extended leases covering 14,754 sqm and signed new leases for a further 1,350 sqm,” commented Hannes Pihl, Member of the Board of Summus Capital.

At the end of the quarter, Summus Capital’s total consolidated assets amounted to EUR 665 million, up from EUR 610 million at the end of Q1 and reaching an all-time high. Consolidated equity increased to EUR 219 million, representing 33% of total assets. Investment property increased from EUR 571 million to EUR 620 million, primarily reflecting the acquisition of The Park Krakow.

Summus continued to optimise its financing structure. The Group refinanced loans in Lithuania, extending the maturity of financing for Nordika and the Park Town properties until 2031. The Riga Plaza loan was subsequently extended in July until 2031, with an additional EUR 10.9 million of financing available.

“With the portfolio growing, maintaining a sound balance between equity and external financing remains important to us. We have continued to refinance existing obligations on longer terms while keeping all financial covenants comfortably met. This gives us a stable foundation from which to manage the larger portfolio,” commented Aavo Koppel, Member of the Board of Summus Capital.

The Group remained fully compliant with all financial covenants set in its bond terms and financing agreements. At the end of Q2 2026, the consolidated equity-to-assets ratio stood at 33%, while the trailing 12-month DSCR was 1.31x.