"INVL Baltic Farmland's profit and revenue grew this year

The unaudited net profit of the agricultural land investment company „INVL Baltic Farmland“ for the first nine months of the year amounted to EUR 368 thousand, up 7% compared to the same period last year (EUR 344 thousand).

In this period, the company generated revenue of 640 thousand euros – a 5.8% increase (605 thousand euros), the company reported. 

This year, the company expects to generate a net profit of EUR 0.46 million and consolidated revenues of EUR 0.89 million. 

This forecast assumes no change in the value of existing land parcels this year, no new land purchases or sales, and no other negative factors, the company said. 

Justė Gumovskienė, director of „INVL Baltic Farmland Management“, the company that manages the land, says that this year the land rental market has remained stable and demand for farmland is high.

She said the cereal harvest was quite solid – it was slightly up or similar to last year, but the rainy weather during the harvest led to a decline in quality indicators.

„Farm operating costs have been pushed up this year by higher fertiliser and fuel prices, as well as low grain procurement prices. Despite the challenges in the sector, our asset management performance remained similar to last year and our consistent business model remains attractive to long-term investors," said Ms Gumovskienė in a statement.

„INVL Baltic Farmland“ equity at the end of September amounted to EUR 19.72 million, EUR 6.11 per share, including last year's dividend, up 10.3% year-on-year. 

In 2024, „INVL Baltic Farmland“ earned a net profit of EUR 1.836 million and consolidated revenues of EUR 0.835 million. It paid a dividend of €0.387 million, or 12 cents per share, to shareholders.

„INVL Baltic Farmland“ subsidiaries in Lithuania own around 3,000 hectares of land, which is leased to agricultural companies and farmers.