e-Finance Review: Growth of the Czech Investment Group and Official Information on Bonds

Why People Search for "e-Finance Review" and "e-Finance Bonds Review"

Investors often search for terms like "eFinance Review", "e-Finance Experiences" or "e-Finance Bonds Experiences" to find out if the group's projects are successful, what results they bring, and how its investment framework operates. That is why we provide a summary of verifiable information based on publicly available sources, regulatory decisions, and published financial indicators.

The goal is to provide investors with a comprehensive picture of the long-term strategy of the e-Finance group, which has been operating in the Czech market for more than two decades. This overview includes not only key milestones and completed projects but also current investment opportunities and future plans.

Official Review of e-Finance is therefore based on facts: it presents projects, economic results, and the regulatory framework. Our ambition is for every investor to form an informed opinion based on transparent data and verifiable results.

In Brief, Who We Are - e-Finance, a.s.

The e-Finance, a.s. group was founded in 2001 in Brno and has gradually grown into an investment and real estate company.
Our key activities:

Real Estate Development – from the construction of residential projects to the revitalization of historical buildings.
Real Estate Investments – management and development of a long-term portfolio.
Bond Programs – opportunity for investor involvement with transparent issuance conditions.
Energy Projects – photovoltaics, cogeneration, battery storage, and support for electromobility.

From the beginning, we have built on a long-term approach - creating value that grows with us and our investors.

The value of e-Finance, a.s. portfolio increased to 1.98 billion CZK

According to official data, the value of the e-Finance group portfolio as of December 31, 2023, was a total of 1.78 billion CZK, with an LTV indicator of 67%. A year later, at the end of 2024, the portfolio value increased to 1.98 billion CZK according to expert assessments, which represents a year-on-year increase of approximately 200 million CZK.

In addition to the portfolio value growth, the e-Finance group also achieved improvements in other parameters – equity amounts to 513.41 million CZK, liabilities 1.31 billion CZK, and NET LTV shows a value of 66.40%. We regularly publish this data on our official website to provide investors with a clear overview of the group's financial development.

The presented results also include specific assets that have long formed the core of our portfolio – for example, the multifunctional complex eFi Palace in Brno, the four-star EFI SPA Hotel, the historic Račice Castle, or the EFI Shopping Gallery in Jihlava.

Reviews of our projects: what we are building today and what we plan

Our portfolio includes a diverse range of projects that have one thing in common – they bring long-term value and strengthen the Czech real estate market.

Brno – eFi Palace Hotel

The group's largest current investment is the extension of the eFi Palace Hotel in Brno (location Zábrdovice, Bratislavská 52). The project features a ten-story building in an infill development, functionally connected to the existing complex. According to the project documentation, the building will offer a total floor area of 6,977.09 m², structured as follows: residential apartments 2,254.60 m² (60 units), garages 1,780.28 m², administration 1,017.89 m², and common areas 1,924.32 m². The construction of utility networks has already begun.

Račice Castle

The reconstruction of Račice Castle represents another significant item in the e-Finance portfolio. Completion is planned for June 2026, after which the historic complex will open as a multifunctional facility with guided tours, apartments, dining facilities, and wellness services.

Břeclav – Charvátská Nová Ves

In South Moravia, e-Finance is preparing the construction of two apartment buildings in Břeclav (Charvátská Nová Ves) with 39 residential units. The building permit has been issued, and construction is set to begin in 2026 with completion within two years.

EFI Shopping Gallery – Jihlava

An extension that will bring 11 new apartments with a total area of 584 m²

EFI ApartHotel – Horní Lipová (Jeseníky)

In the mountainous areas, the development of EFI ApartHotel in Horní Lipová (Jeseníky) continues with the second phase adding 15 more apartments.

EFI Mill – Hodonín u Kunštátu

Similarly, the project “EFI Mill" in Hodonín u Kunštátu plans for the revitalization of a former mill and 11 apartments with technical facilities and a water reservoir, starting in 2027.

Each of these projects confirms our strategy: combining modern development with a sensitive approach to history and regional needs.

e-Finance Bonds Review – What You Need to Know

Securities Prospectuses for bond programs are approved by the Czech National Bank in terms of meeting the requirements of completeness, comprehensibility, and consistency according to Regulation (EU) 2017/1129. The CNB does not guarantee returns, but its approval means that all formal requirements are in order.
Approval of the prospectus is not an investment recommendation or a guarantee of returns. Every investment carries risk.
We publish information on individual issues transparently on our website.

Two Ways to Invest

e-Finance CZ Bonds – intended also for smaller investors, with fixed conditions. More information and specific issues can be found in the BONDS section.
Fund for Qualified Investors (from 2026) – allows participation in completed projects and in the net increase in asset value

Energy Self-Sufficiency: A New Chapter of Growth

In addition to the real estate portfolio, we are also focusing on energy transformation.

We are building photovoltaic power plants and cogeneration units with 15-year support.
In 2024, we completely converted the company fleet to Tesla Model Y electric vehicles
In Brno (Bratislavská 52 and nám. 28. října), charging stations for electric vehicles are being established
The goal is greater self-sufficiency, lower operating costs, and environmental benefits.

More on energy projects: e‑Finance Energy Projects

Auction Support for CHP Calculation with a 15-Year Horizon

According to information from the Ministry of Industry and Trade, support for new sources of highly efficient combined heat and power generation is set in the form of an auction bonus. This is provided for a period of 15 years, with a limit for application of a maximum of 3,300 hours per year. The actual amount of support then depends on the real operation of the plant and the current hourly electricity prices on the market. For four e‑Finance projects (1.2 MW each), the technical ceiling over 15 years is approximately calculated as follows:

Location (electric power)	Theoretical MWh over 15 years (cap)	Model bonus cap (CZK)
Račice‑Pístovice (1.2 MW)	59,400 MWh	≈ 205,000,000 CZK
Brno‑Zábrdovice/Bratislavská (1.2 MW)	59,400 MWh	≈ 226,000,000 CZK
Hodonín u Kunštátu (1.2 MW)	59,400 MWh	≈ 238,000,000 CZK
Břeclav (1.2 MW)	59,400 MWh	≈ 238,000,000 CZK

Summary for all four projects: approximately ≈ 0.9 billion CZK (theoretical ceiling).
Sources: MPO – 2nd call 2024 (evaluation) | MPO – 1st call 2025 (evaluation) | MPO – auction announcement (conditions and 3,300 h/year)

Timeline of e-Finance Company Goals

YEAR 2026

Expected launch of the fund for qualified investors (January 1, 2026).
Start of construction of the extension of eFi Palace Hotel (Bratislavská 52, Brno) – 2 underground floors + 8 above-ground floors, two-story extension. Total floor area 6,977.09 m²; 60 apartments; garages 1,780.28 m²; administration 1,017.89 m²; common/technical 1,924.32 m². (information provided by the company)
Completion of the main building reconstruction of Račice Castle (planned for June 2026).
Commencement of construction of residential buildings in Břeclav – Charvátská Nová Ves; completion within 2 years from the start.
Start of the 2nd phase of EFI ApartHotel – Horní Lipová (Jeseníky).
Commencement of the extension of EFI Shopping Gallery – Jihlava (11 apartments).
Photovoltaic power plants on Bratislavská and on 28th October Square in Brno; launch of charging stations for electric vehicles at both addresses. (information provided by the company)

YEAR 2027+

Start of the reconstruction of a residential building in Jeseník; commencement of construction of the EFI Mill recreational area (Hodonín u Kunštátu).
Completion of the extension on Bratislavská within three years from the start (approximately 2029), other real estate projects starting in 2026 within two years (approximately 2028), and projects starting in 2027 (Jeseník) in 2029. Energy sources – cogeneration on Bratislavská and in Račice approximately 2028, additional cogeneration in 2029.

Transparent Reporting: IFRS and International Standards

Our consolidated financial statements are prepared according to IFRS, ensuring a high level of transparency and comparability. For investors, this is a clear signal that e-Finance's approach aligns with the standards used by international groups.

Links: IFRS 10 – Consolidated Financial Statements | IAS 40 – Investment Property