Summus Capital reports strong Q4 2025 with balance sheet over EUR 623 million

Summus Capital OÜ announced its consolidated financial results for the fourth quarter of 2025, reflecting a strong year driven by strategic acquisitions, divestments and positive revaluation effects. Its consolidated balance sheet reached over EUR 623 million at year-end as a result of executed transactions and continued portfolio optimization.

In Q4 2025, consolidated sales revenue increased to EUR 14.5 million, up 9.7% quarter-on-quarter on the back of rental income from newly acquired Polish asset. Consolidated operating profit amounted to EUR 20.6 million in the period, while net profit for the quarter totalled EUR 22.5 million.

During the fourth quarter, Summus Capital completed the divestment of its subsidiaries owning Auriga shopping centre in Estonia and Damme shopping centre in Latvia, realizing a gain of nearly EUR 8 million and repaying associated loans in full. In October 2025, Summus acquired Libero shopping centre in Katowice — one of Southern Poland’s most modern and successful retail destinations — financed by a banking syndicate led by Erste Group Bank AG and HYPO NOE Landesbank.

Following these transactions and year-end revaluation of investment properties, Summus Capital’s investment property balance increased to over EUR 571 million, contributing to total consolidated assets of more than EUR 623 million (3Q2025: EUR 558 million). According to Aavo Koppel, Member of the Board of Summus Capital, consolidated loans, borrowings, and bonds totalled EUR 365 million, reflecting new financing for the Libero acquisition and repayment of loans related to divested assets. Total equity stood at EUR 206 million.

Koppel added that Summus Capital maintained strong financial discipline throughout the year, meeting all bond covenants. At year-end 2025, the consolidated equity-to-assets ratio was 33% (above the 30% minimum requirement) and the trailing 12-month Debt Service Coverage Ratio (DSCR) reached 1.33x (above the 1.2x requirement).

“The fourth quarter capped a transformative year for Summus Capital. The divestments of Auriga and Damme allowed us to crystallize value at the right moment, while the acquisition of Libero in Katowice reinforces our strategic focus on dominant retail centres in strong urban markets with modern ESG credentials. The nomination of the Libero transaction for Investment Deal of the Year at the CEE Retail Awards further validates our growing presence and long-term commitment to the Polish market. These steps reflect our disciplined approach to growth and sustainable value creation,” said Hannes Pihl, Head of Investments and Member of the Board at Summus Capital.

The Group also made significant progress in environmental, social and governance (ESG) performance. Libero shopping centre was recognized with a silver award in the “ESG Achievements of the Year for Retail Facilities” category, and Summus Capital improved its Global Real Estate Sustainability Benchmark (GRESB) score to 82 points in 2025.