Regarding change of the Chief Financial Officer of AKROPOLIS GROUP, UAB
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2026-04-09
Akropolis Group: growth in visitor footfall, tenants’ turnover and portfolio diversification in 2025
Akropolis Group delivered stable business growth in 2025 and diversified its managed real estate portfolio with the acquisition of Galio Group. The five shopping and entertainment centres managed by the Group in Lithuania and Latvia had more than 44.4 million visitors last year, while the tenants’ turnover reached EUR 1.3 billion for the first time. The EBITDA of Akropolis Group amounted to approximately EUR 98.3 million.
“For Akropolis Group, the past year was a year of consistent goal achievement, strategic expansion and financial growth. In 2025, the number of visitors grew to more than 44.4 million. The tenants’ turnover increased from EUR 1.2 billion in 2024 to EUR 1.3 billion in 2025. This shows that consumer demand remains strong, and our managed shopping centres in the Baltic region retain their appeal,” comments Gabrielė Sapon, the CEO of Akropolis Group.
The occupancy rate of leasable areas at the five shopping and entertainment centres managed by the Group remained very high, averaging 98.8%, which ensured stable rental income and cash flows. The consolidated rental income of Akropolis Group in 2025 amounted to EUR 102.8 million, which is 13% more than in 2024 (EUR 91.4 million). The Group’s earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to EUR 98.3 million, which is 12% more than in 2024 (EUR 87.8 million).
An even stronger tenant portfolio
“Today, visitors to shopping and entertainment centres expect a good all-round experience. The ability to attract visitors with exclusive offers at Akropolis, modern spaces and a strong tenant portfolio are the key attributes in creating value for visitors. To achieve this, we work closely both with international brands entering the Baltic States for the first time and with brands already established in the region that are expanding and revamping their shops,” says G. Sapon.
Last year, approximately 52 thousand sq. m of various tenants’ shops were renovated at the shopping and entertainment centres managed by Akropolis Group in Lithuania and Latvia. A total of 119 new and revamped shops were opened at the shopping and entertainment centres.
Among the key highlights at Vilnius Akropolis were the opening of the largest ZARA Home in the Baltic States, as well as the opening of Elesen, New Yorker and the family entertainment centre MaryMaris, along with the expansion of Lemon Gym fitness clubs at the shopping and entertainment centres in the capital and Šiauliai. In Latvia, Sportland expanded and modernised its shops.
Investment into renovations and development
In 2025, Akropolis Group continued its investment into the renovation of Akropolis centres. At Vilnius Akropolis, the renovation of the second floor was completed – a 1,500 sq. m common area, which received an investment of EUR 0.8 million. At Šiauliai Akropolis, renovation works of the shopping and entertainment centre’s common areas were launched, while in Klaipėda, a document permitting construction was obtained and construction works valued at EUR 6 million commenced on a new 3,500 sq. m building.
Last year, the final document permitting construction was obtained for the infrastructure improvement project adjacent to the multifunctional complex Akropolis Vingis, being developed in the Vilkpėdės neighbourhood of Vilnius. With the completion of the construction permit issuance stage, the Group continues to implement its planned steps – preparing detailed project implementation plans and evaluating financing solutions.
One of the most significant events of the year was the completion of the acquisition of Galio Group, a company engaged in residential and commercial real estate development. Following the completion of the transaction, the value of the real estate portfolio managed by Akropolis Group increased by approximately 30%, while the number of income-generating properties grew from 5 to 61.
“This diversification reduces concentration risk, expands our operations across multiple real estate segments and ensures more stable and predictable revenue streams, while also strengthening our development and asset management capabilities,” comments G. Sapon.
Investor confidence and sustainability standards
Under its Green Finance Framework, Akropolis Group successfully placed its inaugural EUR 350 million green bond issue last year. International credit rating agencies S&P Global Ratings and Fitch Ratings reconfirmed the Group’s BB+ credit ratings with a stable outlook.
All five shopping and entertainment centres managed by Akropolis Group in Lithuania and Latvia have been assessed according to the international BREEAM In-Use building sustainability standard – they have been awarded a Very Good rating. In 2025, the company also prepared its first sustainability report in accordance with the requirements of the Corporate Sustainability Reporting Directive (CSRD).
“Akropolis Group enters 2026 in a stronger position. Our results have remained solid and resilient to market changes, we have strengthened our capital structure and market confidence, diversified and expanded our asset base, advanced our development projects, improved portfolio quality and raised the bar for sustainability standards. The Group’s priorities remain clear: consistent capital allocation, active asset management and sustainable long-term value creation for our investors, tenants, partners and communities,” comments the CEO of Akropolis Group.
Vilniaus Prekyba, the sole shareholder of Akropolis Group, approved the 2025 consolidated financial statements of Akropolis Group and the profit distribution proposal, under which EUR 90 million was allocated for the payment of dividends to Vilniaus Prekyba.
Review and amendments to the Financial and Dividend Distribution Policy
The Board of Akropolis Group reviewed the Financial and Dividend Distribution Policy of Akropolis Group and approved its amendment. Having assessed the financial position of Akropolis Group, market conditions and debt service capacity, it was decided that it is appropriate to change the long-term Interest Coverage Ratio (ICR) target from 4x to 3x. A 3x ICR reflects a conservative interest coverage level that protects creditors, while providing the Company with greater flexibility in managing its capital structure. All other target financial ratios set out in the finance and dividend distribution policy remain unchanged.
Other news
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2026-04-09
Akropolis Group: growth in visitor footfall, tenants’ turnover and portfolio diversification in 2025
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2025-12-15
S&P Global Ratings affirms Akropolis Group’s BB+ credit rating with a stable outlook
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2025-10-03
Fitch Ratings assessed the latest transaction of Akropolis Group: the acquisition of Galio Group leaves the company with the rating BB+ with a stable outlook
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2025-09-24
S&P Global Ratings affirms Akropolis Group’s BB+ credit rating with stable outlook following planned Galio Group acquisition
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2025-09-22
Akropolis Group is growing and diversifying its real estate portfolio: It plans to acquire Galio Group company
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2025-09-16
In the first half of 2025, Akropolis Group focused on renovation and revamping of shops, improving the offer of goods and services, the tenant turnover also grew
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2025-07-22
A building permit has been issued for a new building next to Akropolis Klaipėda: even more choice and convenience for visitors
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2025-07-14
Akropolis Group has maintained the credit rating from Fitch Ratings with a stable outlook for five years in a row
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2025-07-07
Common spaces in Vilnius Akropolis have become cosier and more modern: renovation of the second floor is over
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2025-05-22
A document permitting construction issued for the transport infrastructure improvement project at Gerosios Vilties and Geležinio Vilko streets, nearby the future multifunctional complex Akropolis Vingis in Vilnius
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2025-05-14
Green Notes of AKROPOLIS GROUP, UAB are planned to be listed on Euronext Dublin and Nasdaq Vilnius stock exchanges
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2025-03-28
2024 results of Akropolis Group: the tenants’ turnover exceeds EUR 1.2 billion, opening of over 130 new and revamped shops, over 44 million visitors, growth of the Group’s revenue
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2025-02-28
Akropolis Group has launched a Green Finance Framework that has received a positive assessment
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2025-01-21
From now on, all shopping centres Akropolis managed by Akropolis Group in Lithuania and Latvia have BREEAM Very good certificates
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2024-12-20
Renovated shopping centre Akropolis Klaipėda features new shops and entertainment areas as well as modern common spaces
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2024-11-27
G. Sapon appointed new CEO of Akropolis Group, N. Maknevičius to continue as the Chairman of the Board
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2024-11-22
A document permitting construction issued for the infrastructure project at Eigulių street, adjacent to the complex Akropolis Vingis
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2024-09-11
Shopping centres managed by Akropolis Group had 21.1 million visitors during the first half of the year, the tenants’ turnover reached almost EUR 550 million
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2024-08-30
The multifunctional project Akropolis Vingis has been issued a document permitting construction: further stages of the project implementation being planned
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2024-08-26
Construction of a new building nearby Vilnius Akropolis is completed – it became home for the expanded and revamped Sportland store
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2024-07-17
Fitch Ratings re-confirmed BB+ credit rating with a stable outlook for Akropolis Group
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2024-05-27
For the third consecutive year, Akropolis Group maintains its BB+ rating with a stable outlook granted by S&P Global Ratings
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2024-04-09
Shopping centres controlled by Akropolis Group had over 44 million visitors last year, the tenants’ turnover reached almost EUR 1.2 billion, over 100 new and revamped shops opened, leading to growth of the Group’s revenue
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2024-01-15
Sanita Krīgere takes the position of Manager of the shopping and entertainment center AKROPOLE Alfa
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2023-10-05
Akropolis Group’s shopping centre Akropole Alfa in Riga has obtained a BREEAM sustainability certificate
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2023-09-13
Results of Akropolis Group’s shopping centres grow - in the first half of this year, they welcomed almost 21 million visitors, whereas the turnover of tenants exceeded EUR 543 million
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2023-07-21
Fitch Ratings confirmed BB+ credit rating with a stable outlook granted for Akropolis Group
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2023-06-30
S&P Global Ratings confirmed BB+ rating with a stable outlook granted to Akropolis Group
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2023-06-14
Akropolis Group has received international certificates for environmental protection and safe working environment
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2023-05-31
Akropolis Klaipėda is about to change its looks: The interior design of the shopping and entertainment centre is undergoing a major revamp
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2023-04-06
Akropolis Group’s 2022 results: the acquisition of Akropole Alfa and the cancellation of pandemic restrictions has led to increased tenants’ turnover, income and EBITDA
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2023-03-10
The largest Massimo Dutti shop in Lithuania and 10 more new and revamped shops in Akropolis Vilnius
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2023-01-25
Design proposals for the transport infrastructure nearby multifunctional complex Akropolis Vingis have been presented to the public
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2023-01-11
Design proposals for the planned improvements of the transport infrastructure nearby the multifunctional complex Akropolis Vingis are being presented to the public
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2023-01-05
Design proposals for a new 480 m2 building planned to be constructed near the shopping and entertainment centre Akropolis Vilnius have been presented to the public
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2022-12-20
Design proposals of a new 480 m2 building, planned to be constructed near the shopping and entertainment centre Akropolis in Vilnius, will be presented to the public
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2022-11-24
Over half a million Lithuanian and Latvian residents visited the shopping centres Akropolis during the big sale days Jamam
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2022-10-18
The Vilnius City Municipality approved the design proposals for the multifunctional complex Akropolis Vingis
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2022-09-20
Swedbank, together with OP Bank, refinanced a previous loan of Ozo turtas, a company which manages Akropolis Vilnius
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2022-09-14
In the first half of the year Akropolis Group’s tenants’ turnover exceeded the pre-pandemic levels
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2022-08-26
Fitch Ratings re-confirmed BB+ credit rating with a stable outlook for Akropolis Group
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2022-07-22
Design proposals of multifunctional complex Akropolis Vingis, planned in Vilkpėdė district in Vilnius, were presented to the public
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2022-07-01
Akropolis Vingis: former industrial area in Vilnius's Vilkpėdė district will become a new quarter of the city
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2022-06-20
Vilnius Regional Council of Architects has positively evaluated the architectural idea of the multifunctional complex Akropolis Vingis planned in Vilkpėdė district in Vilnius
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2022-05-27
Design of the multifunctional complex Akropolis Vingis presented to the Council of Architects
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2022-05-20
Design of new building planned nearby AKROPOLIS in Klaipėda, Lithuania presented to the public
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2021-12-14
The multifunctional complex Akropolis Vingis was presented to the Vilnius Regional Council of Architects: compliments for the innovative idea and recommendations
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2021-11-27
Latvian Competition Council has granted Akropolis Group an unconditional merger clearance to acquire shopping centre Alfa in Riga, Latvia
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2021-10-27
S&P Global Ratings positively revised the outlook of Akropolis Group’s credit rating BB+ to stable
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2021-10-19
Restart of the conversion project in Vilkpėdė district of Vilnius: construction of the multifunctional complex Akropolis Vingis is planned to start next year
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2021-08-27
Vilnius, Klaipėda and Šiauliai Akropolis were certified according the international BREEAM standart
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