Core Viewpoint - TKM Grupp AS reported a decrease in revenue and net profit for the year 2025, with a proposed dividend distribution to shareholders. Financial Performance - The consolidated audited revenue for 2025 was 919.6 million euros, reflecting a decrease of 2.6% from 944.6 million euros in 2024 [2] - The consolidated audited net profit for 2025 was 17.5 million euros, down from 27.5 million euros in 2024 [3] Business Segments Performance - The net profit (loss) by business segments for 2025 was as follows: - Supermarkets: 9.5 million euros - Department stores: -0.5 million euros - Car Trade: 4.3 million euros - Security: 0.0 million euros - Real Estate: 6.3 million euros - IFRS16 related loss: -2.1 million euros [3] Dividend Proposal - The Management Board proposed a dividend of 0.60 euros per share, totaling 24.4 million euros, with an income tax payable on dividends of 6.7 million euros [3] - The list of shareholders entitled to dividends will be fixed on 31 March 2026, with the ex-dividend date set for 30 March 2026, and payment scheduled for 7 April 2026 [3] Company Overview - TKM Grupp AS is one of the largest retail groups in Estonia, comprising various subsidiaries including Selver AS, Kaubamaja AS, and others, with over 750 thousand loyal customers at the end of the reporting year [4]

Core Insights - The Group's consolidated unaudited sales revenue for Q4 2025 was 239.2 million euros, a decrease of 6.8% year-on-year, while total sales for 2025 amounted to 919.6 million euros, down 2.6% from 2024 [1][2] - Profit before tax for Q4 2025 was 8.3 million euros, a decline of 37.1% compared to the previous year, with a total profit before tax for 2025 of 24.3 million euros, down 31.4% year-on-year [1][2] Sales Performance - Supermarkets segment sales in Q4 2025 were 157.0 million euros, down 4.3% year-on-year, while total sales for 2025 were 611.9 million euros, increasing by 0.3% [1][5] - Department stores reported Q4 sales of 32.2 million euros, a decrease of 3.0%, with total sales for 2025 at 103.0 million euros, down 1.1% [1][10] - The car segment saw Q4 sales of 41.8 million euros, an 18.5% decline, with total sales for 2025 at 176.9 million euros, down 11.9% [1][13] - The security segment's Q4 sales revenue was 6.4 million euros, up 6.8%, while total sales for 2025 were 20.1 million euros, down 8.1% [1][17] - Real estate segment sales in Q4 were 1.9 million euros, a decrease of 12.5%, with total sales for 2025 at 7.7 million euros, an increase of 5.1% [1][19] Profitability Analysis - The Group achieved profits in all business segments in Q4 2025, with notable profit growth in department stores and security segments [2] - The car segment's profit before tax for Q4 was 0.9 million euros, down 59.2% year-on-year, with a total profit before tax for 2025 of 5.7 million euros, down 48.5% [1][13] - The security segment recorded a profit before tax of 0.2 million euros in Q4, an improvement compared to the previous year, but a loss of 0.04 million euros for 2025 [1][17] Market Conditions - The Estonian car market experienced a significant decline, with total car sales down 48.6% for the year and 62.4% in Q4, impacting the Group's car segment [2][14] - The Group's other retail segments also faced slight declines in sales revenue due to the challenging economic environment and decreased consumer purchasing power [2][6] Strategic Developments - The Group completed the new multi-brand car showroom in Vilnius, enhancing growth potential in the Lithuanian market and the Baltic States [3][14] - Renovations and upgrades were made in the Selver supermarkets and department stores segments, including the launch of a new e-commerce platform scheduled for Q1 2026 [4][10] Operational Efficiency - Effective cost control and internal efficiency measures helped the Group maintain profitability despite declining sales volumes [2] - Labour costs increased by 0.4% in Q4, while the average number of employees decreased by 2.3%, indicating a focus on operational efficiency [2]

Core Insights - The Group's sales revenue for Q3 2025 reached 232.7 million euros, a 1.5% increase year-on-year, while the nine-month total was 680.4 million euros, down 1.1% from the previous year [1][2] - The Group's pre-tax profit for Q3 2025 was 8.1 million euros, a decrease of 5.7% compared to the same period last year, with a nine-month pre-tax profit of 16.0 million euros, down 28.1% year-on-year [1][2] Sales Performance - Sales revenue growth was observed across nearly all business segments, with the exception of the security segment, which saw a decline due to reliance on one-off projects [2] - The car segment's sales revenue for the first nine months was 9.6% lower than the previous year, primarily due to a 40.5% contraction in the Estonian new car market [2][20] - The supermarket segment reported a 0.9% increase in Q3 sales revenue, totaling 150.9 million euros, and a 1.9% increase for the first nine months [6][8] Profitability - The supermarket segment's pre-tax profit for Q3 2025 was 4.7 million euros, a decrease from the previous year, with a nine-month pre-tax profit of 8.7 million euros, down 2.8 million euros year-on-year [6][9] - The overall decline in profit margins was attributed to increased promotional activities and rising input costs, despite maintaining operational cost efficiency [9][12] Segment Analysis - The department stores segment achieved a 3.8% increase in Q3 sales revenue, totaling 22.4 million euros, but reported a pre-tax loss of 1.0 million euros [15][16] - The real estate segment saw a 12.1% increase in Q3 sales revenue, reaching 1.9 million euros, with a pre-tax profit of 2.4 million euros, up 45.4% [24][25] - The security segment's sales revenue decreased by 15.4% in Q3, totaling 4.8 million euros, with a pre-tax profit of 0.2 million euros [22][23] Customer Engagement - The number of loyal customers exceeded 750,000, representing a 1.4% increase year-on-year, with 85.9% of the Group's turnover attributed to these customers [5] - The Partner Card mobile app has gained popularity, with over 323,000 users by the end of the quarter [5] Future Developments - The Group is focusing on optimizing product assortment and processes, including the introduction of the First Price brand to enhance competitive pricing [10][11] - Renovation projects are underway to improve store energy efficiency and align with current business needs, including the upcoming Jõgeva Selver store renovation [13][26]

Core Insights - The company reported a consolidated sales revenue of 232.8 million euros for Q2 2025, a decrease of 1.9% year-on-year, and 447.8 million euros for the first half of the year, down 2.4% compared to the same period in 2024 [1][2] - Profit before tax for Q2 2025 was 6.6 million euros, reflecting a 32.7% decline from the previous year, with a total profit before tax of 7.9 million euros for the first half, down 5.8 million euros year-on-year [1][2] - The challenging economic environment, including tax increases and cautious consumer spending, significantly impacted sales across various segments, particularly in the car segment due to a new car tax in Estonia [2][17] Supermarkets Segment - The Selver supermarkets segment achieved sales revenue of 155.7 million euros in Q2 2025, a 3.6% increase year-on-year, and 304.0 million euros for the first half, marking a 2.5% growth [6][7] - The average monthly sales revenue per square meter was 0.41 thousand euros in Q2 2025, a 0.9% increase overall and 2.2% for comparable stores [6] - The segment's profit before tax for the first half was 4.0 million euros, down 2.2 million euros compared to the previous year [7] Department Stores Segment - The department stores segment reported sales revenue of 25.7 million euros in Q2 2025, a 1.0% increase, but a pre-tax loss of 1.7 million euros for the first half, which is 0.7 million euros weaker than the previous year [12][13] - The average sales revenue per square meter for the first half was 0.30 thousand euros, down 1.8% year-on-year [13] Car Segment - The car segment's sales revenue for Q2 2025 was 45.1 million euros, a 16.6% decrease, with a total of 82.5 million euros for the first half, down 16.7% [16][17] - The introduction of a car tax in Estonia led to a 40% decline in the new car market volume, although the Group's performance in Latvia and Lithuania helped mitigate the overall impact [2][17] Security Segment - The security segment's sales revenue for Q2 2025 was 4.4 million euros, a decline of 24.1%, with a pre-tax loss of 0.3 million euros [19][20] - The segment faced challenges due to seasonal fluctuations in project volumes and rising input costs [20] Real Estate Segment - The real estate segment reported sales revenue of 1.9 million euros in Q2 2025, a 9.5% increase, with a pre-tax profit of 2.4 million euros, up 39.0% [21][22] - Growth was supported by rental income from a logistics center and new tenants boosting footfall [22][23] Financial Position - As of June 30, 2025, total assets were 667.8 million euros, down from 706.7 million euros at the end of 2024, with current liabilities decreasing to 127.1 million euros [25] - The company's equity decreased to 235.1 million euros from 261.5 million euros, reflecting a decline in retained earnings [25]