UAB “Vanagas Asset Management” announces its audited and consolidated audited financial statements for the financial year ended 31 December 2025 and presents a compliance certificate confirming that its financial ratios comply with the terms of the issued bonds.
UAB “Vanagas Asset Management” is an investment holding company belonging to the broader UAB “Vanagas Group” of companies. Through its subsidiaries, the Company invests in selected, lower-risk real estate development projects in Lithuania – funds and special purpose vehicles developing residential and commercial real estate. Currently, investments are made in projects located in Vilnius, Kaunas, Druskininkai, and Nida. The Company has also invested in the first open-ended residential real estate investment fund in the Baltic States, “Open Resi by DEMUS,” intended for informed investors.
In 2025, the Group’s consolidated sales revenue amounted to EUR 1,902 thousand and was 10.9% lower than in 2024 (2024: EUR 2,134 thousand). The Group’s consolidated net profit (after tax) in 2025 amounted to EUR 976 thousand and was EUR 7,245 thousand lower than in the previous reporting period (2024: EUR 8,221 thousand). The Group’s equity at the end of 2025 amounted to EUR 33,585 thousand and was 3.0% higher than at the end of 2024 (end of 2024: EUR 32,608 thousand), while the equity ratio remained high at 77.3% (end of 2024: 87.1%).
The decrease in the Group’s consolidated net profit for the financial year ended 31 December 2025, compared to the previous financial year, was driven by the unchanged number of projects developed within funds – during the reporting period, two funds were successfully closed with accumulated returns paid out to investors, and two new projects were launched. Accordingly, the value of assets under management increased moderately, and the gain from the increase in investment value was lower than in the previous financial year.
More information:
Raimundas Lukoševičius
Chief Financial Officer
raimundas@vanagasgroup.lt
+370 646 50488