INVL Baltic Farmland, a company that invests in agricultural land, had consolidated revenue of EUR 891 thousand in 2025, while net profit totalled EUR 816 thousand. Compared to 2024, the company’s revenue increased by 6.7%, while net profit decreased by 55.6%. However, this result exceeded the profit forecast announced at the beginning of the year by 77%.
“The year was marked by stable growth in rental income and a much more modest increase in asset value compared to 2024. In quantitative terms, the grain harvest was satisfactory; however, farmers viewed the 2025 grain price trends very pessimistically. Moreover, farms faced climate challenges – particularly heavy rainfall – which had a significant impact on yields,” says Justė Gumovskienė, the director of INVL Farmland Management, which administers INVL Baltic Farmland’s land.
According to her, farmers avoided investing in the purchase of their own plots for cultivation last year, so the demand for leased land remained high.
INVL Baltic Farmland had forecast to earn EUR 890 thousand in consolidated revenue and EUR 460 thousand in net profit for 2025, assuming that land value would remain unchanged. However, an independent valuation showed that the land value increased by 2.6% during the year (in 2024 – 9.5%) to EUR 23.326 million (average of EUR 7.57 thousand per hectare). The change in the value of accounts receivable was not assessed.
The company’s net profit was reduced by EUR 188 thousand due to tax-related changes – deferred tax had to be recalculated because of the increase in Lithuania’s corporate income tax rate starting from 2026. Meanwhile, administrative fee expenses decreased by EUR 56 thousand due to an increase in overdue receivables. Eliminating these unforeseen factors, the company’s net profit would have reached EUR 463 thousand, exceeding its targets set at the beginning of the year.
“It can be said that, considering favourable market tendencies that allowed asset value growth, the company achieved and even exceeded its 2025 financial targets,” said J. Gumovskienė.
At the end of December 2025, INVL Baltic Farmland’s equity totalled EUR 20.172 million, which equals EUR 6.25 per share.
The subsidiaries of INVL Baltic Farmland, listed on the Nasdaq Vilnius Stock Exchange, manage about 3,000 hectares of agricultural land in Lithuania, which is rented out to agricultural companies and farmers.
