Livonia has covered nearly 90% of its annual sales revenue target

Real estate developer Liven, which published its Q2 2026 interim report, has covered approximately 90% of its planned 59 million euro sales revenue for this year through sales revenue earned in the first half, its pre-sales portfolio, and new sales contracts concluded at the beginning of the third quarter. During the quarter, the company concluded 57 new sales contracts, which was 5% more than in the first quarter and 84% more than a year ago.

"Sales remained strong in the second quarter as well, and our pre-sales portfolio grew significantly. In achieving our annual sales revenue target, the focus is now shifting from sales activities to construction completion, home furnishing, and handover," said Liven AS CEO Andero Laur. "I am pleased that we have managed to put to work the capital raised through the public share offering conducted during the quarter, and this has enabled us to add properties to our portfolio and thereby support the company's further development."

Over the past 12 months, Liven has concluded over 230 new sales contracts, which is the highest result in the company's history. According to Citify.eu, Liven's market share in the Greater Tallinn area exceeded 8% in the first half of 2026, which is the highest figure in the market. Three of the 57 sales contracts in the second quarter were concluded in Berlin. Liven also concluded notarial purchase agreements for the acquisition of two new properties in Germany, and immediately after the end of the quarter, for the purchase of a new property in central Tallinn.

During the quarter, Liven did not complete any new buildings, and only 12 previously completed homes were handed over to clients. As a result, the quarter's sales revenue was 4.5 million euros, compared to 7.4 million euros a year earlier, when 35 homes were handed over.

Due to the low number of handovers, Liven earned an operating loss of 0.2 million euros in the second quarter. The results were also affected by one-time marketing and media costs related to the IPO of approximately 0.1 million euros. During the quarter, 1.4 million euros in dividends were paid out, which was accompanied by an income tax cost of 0.4 million euros. The quarter's net loss was 0.6 million euros.

In summary of the first half, Liven earned 11.4 million euros in sales revenue and 0.3 million euros in operating profit. The half-year net loss was 0.2 million euros.

"Liven's results depend greatly from quarter to quarter on the timing of building completions and home handovers. The second quarter's modest financial result was therefore expected and does not change our outlook for the full year. Along with sales revenue growth, we expect net profit growth this year and to exceed our 20% return on equity target. Most of the building completions and home handovers will take place in the final quarter of the year," said Andero Laur.

As of the end of June 2025, Liven had a pre-sales portfolio consisting of 171 homes worth 48.6 million euros. Of this, 39.8 million euros comprised homes in projects completed in 2026.

Following the addition of new properties, Liven's land portfolio estimated sales revenue volume increased to approximately 500 million euros. According to the company's estimates, the projects added to the portfolio over the summer will primarily support the company's financial results in 2028 and 2029.