UAB„Orkela“ Publishes Audited Financial Statements for the Year, Ended 31 December 2024.

Company Overview - UAB "Orkela" is primarily engaged in real estate development and construction, owning a land plot and a building complex located on Vasario 16-osios st. 1, Vilnius [1] Financial Performance - The audited financial statements for the year ended 31 December 2024 show a net loss of EUR 412,324, resulting in retained earnings (losses) at the end of the financial year amounting to EUR (9,509,263) [4] - The retained earnings (losses) at the beginning of the financial year were EUR (10,921,587) [4] Shareholder Decisions - The sole shareholder approved the financial statements for 2024 and the distribution of profit (loss) during the General Shareholders' meeting [3][4] Bond Issuance and Leasing Activities - In 2024, the Company issued 15,156 units of secured non-convertible bonds, each with a nominal value of EUR 1,000, totaling EUR 15.156 million [5] - As of 31 December 2024, the total number of issued bonds was 38,658 units [5] - The Company leased 4,333 sq m of administrative space in a property under development, achieving an occupancy rate of 92% after leasing an additional 922 sq m in Q1 2025 [5] Regulatory Approvals - On 10 April 2025, the State Territorial Planning and Construction Inspectorate approved the completion of the construction of the administrative part of the project [5]