The Grounds Real Estate Development AG Reduces Losses in 2025 First Half

The Grounds Real Estate Development AG announced a significant reduction in its consolidated loss for the first half of 2025, improving its EBIT to EUR -1.1 million from EUR -4.3 million in the same period in 2024. The company has confirmed its forecast for 2025 consolidated sales revenues between EUR 9 million and EUR 11 million, with an aim for balanced EBIT.

The company reported sales revenues of EUR 2.9 million, slightly down from 2024 due to a decrease in sales volume within property development and privatisation. Despite this, revenues still formed the core part of the turnover. The consolidated profit after taxes improved significantly, moving from EUR -8.1 million in the previous year to EUR -3.7 million.

CEO Jacopo Mingazzini noted cautious interest from private buyers and emphasized future sales potential. CFO Andrew Wallis highlighted growth in asset management activities contributing positively to EBIT. The acquisition with H.I.G. Capital Group and portfolio purchases were key strategic moves noted in this period.