In the second quarter of 2025, Arco Vara saw a gradual recovery in the real estate market with stable conditions and growing buyer interest. Key milestones included the acquisition of the Luther Quarter in Tallinn, doubling the company’s asset base. Construction is set to begin in 2026, focusing on creating a vibrant urban environment.

The Group’s sales revenue for the first six months of 2025 increased to €3,093 thousand, with operating profit at €265,000 and net loss at €43,000. Five apartments were sold in Q2 2025, bringing the total to nine for the year. Total assets have doubled compared to the previous year, mainly due to new acquisitions.

Key focus areas for Q3 include completing sales in projects like Kuldlehe, selling additional units in Rannakalda, and advancing construction in Spordi and Soodi 6. The strategic acquisition of the Luther Quarter and progress in various projects lay a solid foundation for Arco Vara’s growth in the Estonian real estate market.

The consolidated statement of comprehensive income shows a net loss of €43,000 for the first half of 2025, an improvement from the €687,000 loss in the same period in 2024. Total comprehensive loss for the period is also down. The consolidated statement of financial position highlights the company’s increased assets and equity compared to the previous year.

Darja Bolshakova, CFO of Arco Vara, emphasized the company’s achievements and milestones in the second quarter of 2025. With a focus on strategic acquisitions, construction progress, and sales activities, Arco Vara is well-positioned for continued growth in the Estonian real estate market.

Read more at GlobeNewswire: INTERIM REPORT FOR THE SECOND QUARTER OF 2025 (UNAUDITED)