S&P Global Ratings affirms Akropolis Group’s BB+ credit rating with a stable outlook

Core Viewpoint - S&P Global Ratings has reaffirmed Akropolis Group's BB+ long-term credit rating with a stable outlook, reflecting the company's strategic importance within the Metodika Group and the impact of governance changes in the Vilniaus Prekyba Group [1][4]. Group 1: Credit Rating and Financial Performance - The BB+ credit rating, maintained since 2021, indicates the stability and growth prospects of Akropolis Group, providing confidence for ongoing development and management of retail and commercial real estate projects [2]. - In the first half of 2025, Akropolis Group reported consolidated rental income of EUR 46.3 million, a 5.4% increase compared to the first half of 2024, while EBITDA reached EUR 44.3 million, up 3.4% year-on-year [6]. Group 2: Governance and Structural Changes - Recent governance changes within the Vilniaus Prekyba Group will lead to the separation of businesses operating in Poland, Sweden, and Bulgaria into a standalone organization, while Baltic operations will continue under UAB Vilniaus Prekyba [3]. - Following the separation, Akropolis Group's assets will represent approximately 27% of the total assets of the Metodika Group and are projected to generate around 15% of the group's total EBITDA by 2026 [4]. Group 3: Strategic Developments - The acquisition of Galio Group is expected to enhance Akropolis Group's EBITDA and improve its debt-to-EBITDA ratio, contributing positively to the company's financial health [5]. - Akropolis Group operates major shopping and entertainment centers in Lithuania and Latvia, solidifying its position as a leading commercial real estate development and management company in the Baltic States [7][8].