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]

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 two quarters 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 amounted to EUR 70.169 million, an increase from EUR 50.695 million as of 31 December 2024 [4] - The Loan to Cost (LTC) ratio as of 30 June 2025 was 49.46% [4] Project Development - The historical part of the complex was registered as 100% completed in April 2025 [6] - The Public Institution Modern School Center commenced operations in the complex in April 2025, followed by Reitan Convenience Lietuva and TNS Kantar in June 2025 [6]

Company Overview - JFB Construction Holdings is a real estate development and construction company focused on hospitality, commercial, industrial, and residential property development [1][4] - The company has extensive experience in building multifamily communities, shopping centers, national franchises, and exclusive estates, totaling over 2 million square feet of commercial and retail space [4] Recent Achievements - In 2025, JFB Construction has executed new contracts totaling more than $69.5 million, covering multiple business verticals [1] - The company reported a significant milestone with a year-over-year revenue increase of over 93% in Q1 2025 [2] Strategic Goals - The CEO emphasized the importance of operational success and growth, aiming to advance the JFB brand as a premier real estate developer and general contractor [3] - The company aims to deliver long-term value to its shareholders while maintaining a strong reputation for keeping promises to customers [3] Client Relationships - JFB's reputation is built on client trust, with most projects obtained through referrals and repeat customers [5] - The company has provided general contracting and construction management services across 36 U.S. states [5]

Company Overview - UAB "Orkela" is a private limited company registered on September 24, 2015, with its registered office in Vilnius and no branches or representative offices [1] Main Business Activities - The primary activity of the Company is real estate development and construction, owning a land plot and building complex in Vilnius, and is currently developing a lyceum and hotel complex [2] Key Events in Q1 2025 - A bondholders' meeting on January 9, 2025, resulted in the decision to extend the bond redemption deadline to July 19, 2025 [4] - On April 10, 2025, the State Territorial Planning and Construction Inspectorate approved the completion of the administrative part of the development project [4] Financial Overview for Q1 2025 - The Company invested €9.7 million in project development during the first quarter of 2025 [4] - Project-related expenses amounted to €269.8 thousand, while project financing costs were €892.7 thousand [4] - As of March 31, 2025, the Company's total assets reached €60,825 thousand, an increase from €52,376 thousand as of December 31, 2024 [4]

Core Viewpoint - The article highlights the recent developments in the construction management industry, particularly focusing on the successful signing of various projects and the establishment of comprehensive evaluation standards for construction management companies. Group 1: Company Developments - New City Construction Management has successfully signed nearly 10 construction management projects, establishing itself as a leader in the industry with its "Pinyue" series of residential products becoming a benchmark in the North China region [1] - CIFI Construction Management has achieved significant sales, with a total sales area of 1.71 million square meters and sales amounting to approximately 23.3 billion yuan in the first four months [7] - The company has also signed strategic cooperation agreements for various projects, including the development of the "Banshan Yazhu" project near a large ecological park [3] Group 2: Project Highlights - The article mentions several key projects, including the construction management services for the Jiangxin New District and the provision of quality residential renovation services for the Chongqing project [4] - A notable project in Nanjing has a total construction area of 153,000 square meters, marking a new milestone for China State Construction East in light-asset construction management [5] - The article outlines a project with a total building area of approximately 130,000 square meters, expected to open by the end of 2026, featuring five core business formats [6]

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]

Company Overview - UAB "Kvartalas" is primarily engaged in real estate development and construction, owning a commercial land plot in Vilnius, which is being developed into an office building with over 19,000 sq.m. of ground floor space [1] Financial Performance - The Company reported retained earnings (losses) at the beginning of the financial year amounting to EUR (1,389,366) and a comprehensive income (net loss) for the reporting period of EUR (1,024,284), resulting in retained earnings (losses) at the end of the financial year of EUR (2,413,650) [2] - There were no dividends paid or transfers to the legal reserve during the reporting period [2] Bond Issuance - In 2024, the Company approved a prospectus for the placement of EUR 50 million in bonds and issued 80,000 units of secured non-convertible bonds with a nominal value of EUR 100 each, with a fixed interest rate and semi-annual interest payments [2] - All investment assets of the Company are pledged as security for the obligations to bondholders [2] Future Financing Plans - The Company plans to raise additional external financing through bond issuance in 2025, contingent on project progress and working capital needs [3] Key Events - On 6 March 2025, the bonds issued by UAB "Kvartalas" were listed on the Nasdaq Baltic Bond List [4] - On 1 April 2025, the Company issued an additional 120,000 units of secured non-convertible bonds with a nominal value of EUR 100 each [4]