Hepsor’s revenue for Q3 2025 was 8.8 million euros, down from 20.4 million euros in Q3 2024. 119 homes were handed over to customers in the first nine months of 2025. Net profit for Q3 was 1.2 million euros, with a total profit of 1.5 million euros for the first nine months.

A significant impact on financial results was due to property sales generating a profit of 1.8 million euros. Hepsor is preparing a bond program with AS LHV Pank and plans to list bonds on Nasdaq Tallinn Stock Exchange. A dividend of 1.0 million euros was paid to shareholders in 2025.

Hepsor added a new residential project in Riga, with a total of 10 projects on sale. 87% of completed homes have been sold. Commercial real estate projects are also progressing, with 70% occupancy of a new building in Riga. In Canada, development projects are moving forward with increased building rights granted.

Future plans include the construction of new projects in Riga and Estonia. An investor meeting is scheduled for November. Hepsor’s operations span Estonia, Latvia, and Canada, with a focus on innovative and energy-efficient real estate development. 2003 homes and 44,787 m2 of commercial space have been created in 14 years.

Read more at GlobeNewswire: Hepsor AS consolidated unaudited interim report for Q3 2025