Shopper Park Plus Plc.’s profit and premium income increased in the first half of the year

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.

Effective July 1, 2025, Shopper Park Plus Plc. transferred the ownership of all properties it owns to Shopper Retail Park Kft., a 100 percent-owned regulated real estate investment project company, through a real estate sale and purchase transaction, and transferred its contractual position as a borrower in the related transactions. With this transformation, the group’s properties are directly owned by its subsidiaries.

In their half-year report, they explain the increase in fee income and after-tax profit mainly by the consolidation of their properties in Slovakia. This increased fee income by 3 million euros, while their fee income in Hungary increased by 4.4 percent and their fee income in the Czech Republic decreased by 7.1 percent.

The operating loss as a percentage of rental income changed from -13.1 percent in the first half of 2024 to -13.6 percent. The revaluation gain in the first half of 2025 was 11.5 million euros, an increase of 2.6 million. The Slovak subsidiary contributed 8.9 million euros to the revaluation gain in the first half of 2025.

Administrative expenses increased by EUR 850 thousand (60.4 percent) in the first half of 2025 compared to the comparative period, while the net financial loss was EUR 5.1 million, an increase of EUR 1 million.

SPP Group is seeking additional financing opportunities to continue its corporate development. Depending on market conditions, it is examining the possibility of a possible cash capital increase to support the planned expansion in the Central and Eastern European region, they wrote.