Latest news with #InvaldaINVL
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3 days ago
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Unaudited information of Invalda INVL group for 3 months of 2025
Invalda INVL had equity of EUR 238.1 million at the end of March this year, or EUR 19.82 per share. Those figures were 30.9% and 30.8% larger, respectively, than a year earlier, including the dividends that have been paid out. In January-March 2025, Invalda INVL earned an unaudited net profit of EUR 15.9 million, or 3.4 times more than in the same period last year, when the net profit was EUR 4.7 million. The asset management group recorded EUR 3 million loss for its clients in the first quarter of this year, due to global market corrections. However, the total value of client assets under management grew by 27.9% from a year earlier to more than EUR 1.9 billion at the end of March 2025. 'The main highlight for the start of this year was the successful launch of INVL Private Equity Fund II – a strategically important step for us and currently the largest fund in the Baltics,' says Darius Šulnis, the CEO of Invalda INVL. Strategic core business: asset management and family office activities Invalda INVL's revenue from the management of assets entrusted by clients totalled EUR 3.9 million in the first quarter of 2025, 32.8% more than in January-March 2024. The profit of the strategic core business, which also includes the company's own investments in the products the group manages, was EUR 1.2 million, compared with a profit of EUR 1.4 million in the same period last year. As of 1 April, Andrius Načajus, a finance executive with many years of experience, became the CEO of INVL Asset Management. 'The successful management of entrusted assets, focusing on creating long-term value and delivering appropriate returns to investors is the key priority for our business. Asset divestments are a natural part of this process,' Darius Šulnis notes. 'In the first quarter of this year, the INVL Baltic Sea Growth Fund completed the sale of InMedica Group, Lithuania's largest private healthcare network. That investment is a great example of a rational growth strategy and its consistent implementation: a company that is a leader in its field was created, an exceptionally high return was earned, and thus a significant portion of the capital invested in the fund was returned to investors. We continue to actively grow the fund's portfolio companies and selectively divesting some of them.' 'We're also intensely seeking suitable targets for investments of the INVL Private Equity Fund II. Some processes are already well advanced, so we expect to complete at least two acquisitions by the end of this year,' Šulnis adds. The Invalda INVL group also saw other significant events in the first quarter of 2025. The INVL Renewable Energy Fund I, with operations concentrated in Romania and Poland, successfully completed the offering of an EUR 8 million bond issue in February which was oversubscribed 1.7 times. INVL Asset Management launched the INVL Partner Strategic Lending Fund, which will invest in a vehicle managed by 17Capital, a private credit firm active in North America and Europe, that lends to major global private equity managers. 'We're also pleased with the successful work of the INVL Family Office. It has expanded its client base not only in Lithuania but also in Latvia and Estonia, while increasing their investments,' Invalda INVL's CEO says. In February, the INVL Family Office joined an initiative of the Vilnius Lyceum Alumni Endowment fund. The INVL Family Office will help to create and implement the fund's investment strategy. Equity investments Invalda INVL's other equity investments, aside from the asset management, had a EUR 17.7 million impact on earnings in the first quarter of 2025. This result was positively influenced by the strong performance of the banks in which the company holds stakes, along with their growth in value. Invalda INVL has investments in Artea Bank and in maib, Moldova's largest bank. Maib, showing excellent financial results and sustainable growth in all business segments, earned a record net profit of EUR 20.1 million in the first quarter, while Artea earned EUR 17.35 million. Artea Bank had a positive impact of EUR 15.6 million on Invalda INVL's pretax profit; maid had a positive impact of EUR 0.5 million. 'The profits generated by the agricultural business group Litagra, along with a favorable market environment, provide an optimistic outlook for the future performance of the group and its value,' Darius Šulnis notes. Litagra had a positive impact of EUR 1.6 million on Invalda INVL's result for the first quarter of 2025. Additional information is provided byDarius Sulnis, CEO of Invalda Invalda INVL Group overview 31 03 2025
Yahoo
23-05-2025
- Business
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Invalda INVL entered employee stock option agreements
Invalda INVL has signed option contracts with employees of companies in which Invalda INVL holds 50% or more of the shares regarding 24,008 ordinary registered shares of Invalda INVL, in accordance with the rules for Granting Equity Incentives and in accordance with the resolution of the Annual General Meeting held on 30 April 2025. In 2028, in accordance with the procedures and terms set out in the option agreements, the employees will be entitled to receive, free of charge, the above-mentioned number of shares in Invalda INVL with a nominal value of EUR 0.29. If the company declares dividends or pays out free funds per share prior to the grant of the shares in 2028, the number of shares to be granted will be recalculated by increasing it by the additional number of shares calculated according to the formula approved by the shareholders meeting of Invalda INVL held 30 April 2025. This ensures that the economic logic behind the agreement to enter into the share purchase agreement is maintained. Since 2016, employees of the company and its group companies have entered into stock option agreements for a total of 791,650 Invalda INVL shares, including those signed this year. The person authorised to provide additional information:Darius ŠulnisCEO of Invalda
Yahoo
22-05-2025
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Invalda INVL dividend payment procedure for the year 2024
On 30 April 2025 the General Shareholders Meeting of Invalda INVL (identification code 121304349, address Gyneju str. 14, Vilnius, Lithuania) decided to allocate EUR 1.25 dividend per share. Dividends will be paid to the shareholders who were shareholders of Invalda INVL at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 15 May 2025. From 23 May 2025 the dividends will be paid in the following order:- to the shareholders, whose Invalda INVL shares are accounted by a financial brokerage company or credit institutions, which provide securities accounting services, the amount of dividend, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders' account held with a respective financial brokerage company or credit institution;- to the shareholders whose Invalda INVL shares on behalf of the company are accounted by the authorised custodian AB Artea Bank, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders' account with Lithuanian commercial bank as indicated by the shareholders (requests for transfer of dividends to the account specified by the shareholder can be submitted to the nearest customer service department of AB Artea Bank). Dividend taxation procedure for the year 2024:- dividends paid to natural persons–residents of the Republic of Lithuania and natural persons–residents of foreign countries are subject to withholding Personal income tax of 15%;- dividends paid to legal entities of the Republic of Lithuania and legal entities–residents of foreign countries are subject to withholding Corporate income tax of 16%, unless otherwise provided for by the laws. The person authorized to provide additional information is:Raimondas Rajeckas, CFO of Invalda INVLraimondas@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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20-05-2025
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To stay within the 20% threshold, Invalda INVL Group sold some of its shares in Artea bank
Invalda INVL, the leading Baltic asset management group, has sold 2 million shares, representing 0,3% of the authorized capital, of Artea Bank at EUR 0.88 per share to remain within the 20% shareholding limit set by the European Central bank. "Artea Bank decided to annul its previously acquired own shares and to reduce its authorized capital. As a result, Invalda INVL Group had to sell some of its shares to remain within the permitted limit of the bank's authorized capital, As the transaction was made over-the-counter (OTC), it did not affect the market price of the bank's shares," says Darius Šulnis, the CEO of Invalda INVL. According to the shareholders' meeting decision of Artea Bank (previously Šiaulių Bankas) on 31 March 2025, the bank will annul 10,597,749 of its shares, reducing its authorized capital to EUR 189,195,680. Without this sale, Invalda INVL Group's stake would have increased to 20.25% of the shares after the reduction of the bank's authorized capital, exceeding the regulatory threshold. Invalda INVL group currently holds 19.93% of the shares in Artea Bank. The person authorized to provide additional information is:Darius Šulnis, CEO of Invalda Sign in to access your portfolio
Yahoo
08-04-2025
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Audited results of Invalda INVL Group for 2024
Invalda INVL reported equity of EUR 222 million at the end of December 2024, or EUR 18.48 per share. These figures were 25.4% and 25.3% higher, respectively, than a year earlier, including the dividends paid last year. In 2024, Invalda INVL earned an audited net profit of EUR 44.4 million, compared with EUR 45.8 million in 2023, when a strategically important merger of Invalda INVL group's retail businesses with Šiaulių bankas was completed. From last year's profit, the company proposes a dividend payout of EUR 15 million, or EUR 1.25 per share. The proposal will be put to a vote at the general meeting of shareholders on 30 April. '2024 was a successful and profitable year for our clients and for the Invalda INVL group. In a rapidly changing geopolitical and economic environment, we consistently focus our work on creating long-term value by investing, ensuring asset diversification and liquidity for our clients, and growing and strengthening the managed businesses to enhance their competitiveness,' says Darius Šulnis, the CEO of Invalda INVL. The group generated gains of EUR 157 million for its clients last year. Client assets under management grew by 17% during the year, reaching EUR 1.68 billion at the end of December 2024. Strategic core business: asset management and family office activities Invalda INVL's revenue from the management of assets entrusted by its clients totalled EUR 14.1 million in 2024, 16.5% less than in 2023. The decline in the period of comparison reflects the exclusion of revenue from the retail business, which was transferred to Šiaulių Bankas in early December 2023. The 2024 profit of strategic core business of the group, which also includes the company's own investments in the products it manages, amounted to EUR 17.8 million, compared with EUR 39.4 million in 2023. The activities of the INVL Baltic Sea Growth Fund (INVL BSGF) were among last year's most significant events. In February 2024, the fund acquired the buckwheat producer and grain trader company Galinta, and near the end of the year the fund signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania. The completion of that transaction will make Pehart Group the INVL BSGF's 10th and the last investment. Also, a new milestone for the fund was launched: in March 2025, the INVL BSGF completed the sale of InMedica Group, private healthcare network, demonstrating the success of the fund's strategy to build sector leaders. During the 6 years of the fund's investment in InMedica Group, the company increased its revenues more than 15 times, and the group grew from 18 clinics to a network of 89 medical clinics, hospitals and laboratories. 'The remaining portfolio companies of INVL Baltic Sea Growth Fund are also being successfully strengthened, and some are already being prepared for the sale. In 2025, we will focus on generating cash flows from the fund's portfolio along with a solid return for our investors,' Darius Šulnis says. Last year the preparatory work was carried out for a second-generation private equity fund, which has begun operations in 2025. Having raised EUR 305 million, INVL Private Equity Fund II, the largest private equity fund in the Baltics, has started operations, exceeding its target size in the first closing. Total revenues across the Invalda INVL group's portfolio companies of private equity funds amounted to EUR 854 million in 2024, with EBITDA totalling EUR 207 million and combined 12,500 employees at year-end. The investment opportunities offered by Invalda INVL Group in global third country funds have also been well received by investors in the Baltic region. The INVL Partner Global Real Estate Fund I, established early last year, attracted USD 13.25 million from investors, while the INVL Partner Power Opportunities Fund, launched in September 2024, raised USD 24.71 million. The INVL Renewable Energy Fund I is due to complete its investment phase this year and prepare to manage power generation projects that will begin producing revenue. The fund's team will also focus on realizing value, which may include the potential sale of projects. In 2025, work began on analyzing possible scenarios for the establishment of a second renewable energy fund with a broader infrastructure strategy. The INVL Sustainable Timberland and Farmland Fund II entered a new geographic market in 2024 with its acquisition of forests in Romania as the fund's total portfolio of land and forest exceeded 20,000 hectares. This year the fund will focus on improving the quality of its portfolio, undertaking value-creating transactions and seeking to ensure a steady revenue generation and achieve the targeted return for investors. INVL Technology earned a net profit of EUR 8.1 million in 2024, 56.6 more than in 2023. The price of the company's shares on the stock exchange rose nearly 70% last year. In mid-March 2024, INVL Technology announced that it had signed an agreement with an investment advisor and M&A intermediary for the sale of the company's portfolio of businesses. INVL Baltic Real Estate, the real estate investment company, had a consolidated net profit of EUR 2.74 million last year, which is 3.9 times the figure for 2023. INVL Baltic Real Estate completed the sale of a property holding in Latvia last year in a transaction valued at EUR 7.45 million. As of late 2024, INVL Asset Management became the manager of INVL Bridge Finance, a fund that is successfully operating in the private debt market. The INVL Family Office continued its successful activities in Lithuania and expanded operations in the other Baltic countries. The first clients are already being served in the Family Office representative offices in Latvia and Estonia. Equity investments Invalda INVL's other equity investments, aside from the asset management, had a EUR 32.1 million impact on earnings in 2024. This result was positively influenced by the strong performance of the banks in which the company holds stakes, along with their growth in value and dividend payouts. Invalda INVL has investments in Šiaulių Bankas and in maib, Moldova's largest bank. The positive impact of Šiaulių Bankas on Invalda INVL's pretax profit, including dividend payments, was EUR 23.6 million. In 2024, the bank has successfully integrated the INVL retail business, moved forward with a business transformation to strengthen the bank, and, in April this year, announced plans to change its name to Artea. Šiaulių Bankas last year earned a record EUR 79.3 million net profit and half of it has allocated to dividends. The bank's share price on the stock exchange rose 19% during 2024. During the last year, maib once again delivered solid financial results in 2024, reflecting both resilience and sustainable growth in all business segments. The bank had an unaudited net profit of EUR 73.4 million last year and paid EUR 39.4 million in dividends. Maib made the positive influence of EUR 4.8 million on Invalda INVL's pretax profit. Litagra, one of the largest agribusiness groups in Lithuania, has benefited from favourable market trends. Since the second half of 2024, the company's revenue, EBITDA and profit have recovered and increased. Litagra had a positive influence of EUR 3.3 million on Invalda INVL's result for 2024. The person authorized to provide additional information is:Darius Šulnis, CEO of Invalda invaldainvl-2024-12-31-0-en Auditors report_Invalda INVL_2024 Invalda INVL Group overview _31 12 2024Sign in to access your portfolio
