INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 605,000 in the first nine months of 2024, which is 6.3% more than in the same period last year. The company earned a net profit of EUR 344,000 in January-September this year, or 9.2% more than in the first nine months of 2023.
INVL Baltic Farmland’s equity at the end of September 2024 was EUR 18.25 million, or EUR 5.65 per share. Compared to a year earlier and taking into account the impact of dividends, equity per share grew 16.6%.
“The agriculture sector has faced challenges this year related to climate conditions and purchasing prices for grain, but the situation is now under control and the dominant mood is rather optimistic. We see the situation in agriculture as stable and continue working to ensure the effective management of assets,” says Justė Gumovskienė, the director of INVL Farmland Management, which administers INVL Baltic Farmland’s land.
Last year INVL Baltic Farmland had consolidated revenue of EUR 794,000 and a net profit of EUR 2.643 million – 10% more and 34% more, respectively, than in 2022.
This year INVL Baltic Farmland forecasts consolidated revenue of EUR 835,000 and a net profit of EUR 420,000. The forecasts assume that during 2024 the value of the company’s land holdings will not change and its assets will not be revalued, no new agreements on the purchase or sale of land will be signed, and there will be no change in the impairment of trade receivables and no impact of trade receivables on the size of the administration fee.
INVL Baltic Farmland is listed on the Nasdaq Vilnius stock exchange. Its subsidiaries own approximately 3,000 hectares of agricultural land in Lithuania which is rented out to agriculture companies and farmers.
Important information
This is a marketing communication of an information nature, which is not and shall not be construed as an offer to purchase investment shares of a collective investment undertaking, an investment recommendation, or investment research, as it is not designed to take into account the investment objectives, financial situation, or needs any individual investor.
When investing, the investors assume the risk associated with the investment. The value of investments can both rise and fall, and an investor may recover less than he/she/it has invested. Past investment results do not guarantee the same results or profitability in the future. Past performance is not a reliable indicator of future performance. Before making a decision to invest, potential investors should, on their own or with the help of investment advisers, assess the suitability of the investment for them along with the taxes and fees related to the investment, consider all the risks related to the investment, and carefully read the articles of association, prospectus and other documents of the respective collective investment undertaking.