Loan to Cost ratio (LTC)

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NOTICE REGARDING SUPPLEMENTED UAB „ORKELA“ FINANCIAL STATEMENTS FOR 6-MONTH PERIOD ENDED 30 JUNE 2025
Globenewswire· 2025-08-25 12:06
Company Overview - UAB "Orkela" is a private limited liability company established on 24 September 2015, with its legal address in Vilnius and no branches or representative offices [1] - The main activities of the company include real estate development and construction, specifically a lyceum and hotel complex in Vilnius [2] Financial Highlights - In the first half of 2025, the company incurred costs of EUR 617.3 thousand for project development and EUR 1.9 million in financing costs, while generating revenue of EUR 163.0 thousand [3] - As of 30 June 2025, the company's total assets were valued at EUR 70,169 thousand, an increase from EUR 50,695 thousand as of 31 December 2024 [3] - The Loan to Cost (LTC) ratio as of 30 June 2025 was reported at 49.46% [4] Project Development Updates - The historical part of the complex was registered as 100% completed in April 2025 [5] - The Public Institution Modern School Center commenced operations in the complex in April 2025 [5] - In June 2025, Reitan Convenience Lietuva and TNS Kantar began their operations in the premises [5]