Orilina Properties: Net profits more than doubled to €9.03 million

Profitability showed significant strengthening due to the recognition of gains from the sales of 8 residences in the Marina Residences by Kengo Kuma complex, the company notes.

Orilina Properties: Net profits more than doubled to €9.03 million

This article is an AI translation of an original piece published in Greek. Read original

Orilina Properties R.E.I.C. (the “Group”) announces adjusted Gross Asset Value (a-GAV) of €193 million as of 30.06.2026, (having made a dividend payment of €4.4 million and a loan repayment of €6.8 million), recording a historic record in operating and net financial figures, as a result of the Group’s consistent growth course and the effective management of its investment portfolio, according to a relevant announcement.

The course of the key financial figures during the first half of 2026 compared to the first half of 2025 shows:

1. Turnover: €20,301k versus €3,107k (+ €17,194k)

2. Net profits after taxes: €9,038k versus €4,201k (+ €4,837k)

3. Adjusted Operating profits - EBITDA: €6,702k versus €1,911k (+ €4,791k)

Key Indicators

• Adjusted Net Asset Value per Share (Adjusted NAV p.s.): €1.188

• Net Earnings per Share: €0.06

• Funds from operating activities: €6,611k

• Adjusted Net Debt to Property Value: -13%

It is noted that the Group’s profitability showed significant strengthening due to the recognition of gains from the sales of 8 residences (40% of the total residences) in the Marina Residences by Kengo Kuma complex.

Subsequent Developments

• Sales and reservations from buyers currently amount to 70% of the total residences in the Marina Residences by Kengo Kuma complex.

• The Group’s income-generating real estate portfolio was strengthened on 22.09.2026 with the acquisition of a new category of investment property in the growing serviced apartments market, for a consideration of €6.93 million.

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