Shopper Park Plus Plc.’s profit increased significantly in 2025

The Slovak properties added to the portfolio in the first quarter of 2025 contributed 13.6 million euros to the result – the company announced.

Last year’s annual rental income was EUR 33 million, an increase of EUR 8.8 million, or 36.5 percent, compared to the previous year. The increase was primarily due to the contribution to rental income from Slovak properties that were included in the consolidation scope last February. Rental income from Slovak properties was EUR 7.3 million in 2025. The rental income of properties in Hungary increased by 1.4 million euros (7.7 percent) compared to 2024, while that of properties in the Czech Republic increased by 128 thousand euros (2.2 percent).

In line with the industry’s characteristics, the operating result was negative in both years, minus 3.7 million euros in 2025 and minus 2.2 million euros in 2024. The operating loss as a proportion of rental income changed from 9.2 percent in 2024 to 11.3 percent in 2025. The higher operating loss rate was caused by the operating costs of Hungarian houses increasing by 1,170 thousand euros compared to the previous year due to higher maintenance, energy consulting, marketing, security costs, and rising property tax expenses, they explained.

The gross profit in 2025 was 29.3 million euros, an increase of 33.4 percent compared to 2024. The increase was primarily due to the consolidation of Slovak properties.

The profit after tax amounted to 36.6 million euros last year, 51.3 percent higher than the previous year.

The earnings per share in 2025 were 2.07 euros, 12.4 percent more than in the base period.

In the fourth quarter of 2025, rental income was 9 million euros after 6.3 million euros in the fourth quarter of 2024. The gross profit was 8 million euros, and the profit before tax was 5.2 million euros in the last quarter of last year, while a year earlier it was 5.9 million and 7.7 million euros, respectively.

The report reminded that, with effect from 1 July 2025, Shopper Park Plus Plc. transferred the ownership of all properties it owns to Shopper Retail Park Kft., a 100%-owned regulated real estate investment project company, and transferred its contractual position as a borrower in the related properties. As a result, the properties in the group’s portfolio are directly owned by the subsidiaries of Shopper Park Plus Plc. Shopper Park Plus Plc. does not directly own real estate and does not plan to do so in the future, so the issuer is not burdened by direct bank obligations or collateral – they wrote.

The SPP Group utilizes food-focused shopping parks in Hungary, Slovakia and the Czech Republic through leasing. It owns, leases and operates these properties on a long-term basis.

Shopper Park Plus Plc. is a premium category issuer of the Budapest Stock Exchange. In Friday’s trading, the company’s shares closed at a price of 12.5 euros, the minimum of the past year was 11 euros and the maximum was 13.4 euros.