UAB “Kvartalas“ Publishes Interim Financial Statements for the Six-month Period Ended 30 June 2025

Core Points - The Company, UAB "Kvartalas", is engaged in real estate development and construction, with a focus on an office building project in Vilnius [1] - As of 30 June 2025, the Company has invested EUR 44.2 million in the development of the business center "Sąvaržėlė" [2] - The total nominal value of issued bonds for financing the development reached EUR 30.1 million by 30 June 2025 [2] - The Loan to Cost (LTC) ratio as of 30 June 2025 was 34.44% [2] - Marius Žemaitis was appointed as the new director of the Company on 1 August 2025 [2] - The Company distributed bonds with a nominal value of EUR 12 million on 1 April 2025 and EUR 10.1317 million on 20 June 2025 to finance the business center [4] - The business center "Sąvaržėlė" was reported to be 32% complete as of 22 April 2025 [4]