Key indicators of the group as of 12/31/2024
Overview of the group's key financial indicators – equity, property portfolio value and indebtedness, LTV, planned investments, and EBITDA.

According to the audited financial statements for the period of 2024
for income properties
for income properties
external resources on portfolio value
Consolidated real estate portfolio of the e-Finance Group
As of 12/31/2024
Multifunctional building eFi Palace, Brno, Building A

The complex located near the wider center of Brno, covering an area of more than 3,500 m2, has undergone a multi-phase reconstruction and redevelopment. The first phase, completed in November 2013, includes 53 smaller apartments (studio and one-bedroom), 6 maisonettes (one-bedroom and two-bedroom), office and retail spaces, a restaurant, and 40 parking spaces, with a total floor area of 2,874 m2. The second phase, completed in February 2015, added a six-story courtyard wing with 29 apartments (studio to three-bedroom), a conference hall, and fitness/wellness facilities, with a rentable area of 2,052 m2. These are operated as a hotel under the eFi Hotel brand, and additional accommodation is intended for long-term rentals. Currently, construction of the third phase is underway, which will add more apartments, garage parking spaces, a congress hall, and offices. More
Multifunctional building eFi Palace, Brno, Building B

Land for extension and addition to the multifunctional building eFi Palace, Brno

The multifunctional complex eFi Palace Hotel in Brno, Zábrdovice, will undergo an expansion with a ten-story extension consisting of two underground and eight above-ground floors, and a two-story addition above the existing hotel. The project includes a zoning decision issued in March 2018 and a building permit from spring 2019. The extension, which will be connected to the existing hotel structure, will provide space for congress and wellness facilities and long-term apartment rentals. The complex will offer three-story covered parking, a hotel lobby, offices, apartments, and 52 accommodation units on floors 3 to 7, with the top floors containing apartments and conference spaces. More
EFI SPA Hotel

This is a historic building located in the center of Brno at náměstí 28. října 23, which was used for many years by the South Moravian Region Emergency Medical Service. This house from the second half of the 19th century was converted, in agreement with the National Heritage Institute, into a four-star hotel with 35 apartments, a restaurant, the craft EFI Brewery, a wellness center, and also forty-six covered parking spaces. At the beginning of 2018, a complete reconstruction of the building and construction of underground garages began. The hotel was approved and opened in December 2020. More
Zámek Račice

The Renaissance castle complex, situated in a forest park covering 5.5 hectares between the Drahanská Highlands and the Moravian Karst, is undergoing reconstruction in three stages; the first two stages have been completed and are already operational. In 2020, a building permit was issued for converting the castle into exhibition spaces, a training center, and a wellness hotel. In total, 40 apartments, several conference halls, representative spaces, and wellness facilities in Podzámčí and the main castle building will be created. The castle offers tours, and since 2023, accommodation, a restaurant, conference halls, and wellness facilities in Podzámčí and Předzámčí. More
Multifunctional building eFi Shopping Gallery, Jihlava

The building in a central location on Žižkova Street in Jihlava has undergone extensive reconstruction. This five-story commercial building with an elevator is 95% leased. On the first and second floors, there is a shopping gallery with 22 retail units. The third and fourth floors offer office spaces and apartments, while garages and storage areas are located in the basement. More
Apartment Building Holzova, Brno-Líšeň

Completed development project in Líšeň on Holzova street. It consists of 9 residential units, 7 garages, and 4 parking spaces. Currently, the apartments are rented to long-term and short-term tenants. More
Residence Bílovice n. Sv., Brno-countryside, luxury villa house with three apartments.

Apartments in a family house and plots, Bílovice nad Svitavou, Brno-Countryside More
Land plots, roads, and networks for the construction of family houses and photovoltaic power plants in the municipality of Tučapy

Building plots and future building plots, utilities, and roads in the municipality of Tučapy (approx. 20 km from Brno) with a total area of approx. 22 thousand m2.
eFi Aparthotel Phase Ia

This is a complex of 10,000 m2, where the first property has currently been completed. A valid zoning decision has been issued for a property with 15 apartments of 2+1 type, as well as a building permit for a property serving as a wellness center. Price according to the Page 107-108 of appraisal ref.no. 010292/2025.
Residential building with fourteen 2+1 apartments and one 2+kk apartment. Apartments are rented for recreation or long-term living. More
eFi Aparthotel Phase Ib + Phase II

Estimated property value for 2024, based on a qualified appraisal | Page 107+108 of appraisal ref. no. 010292/2025.
The project includes land and documentation for the construction of 15 residential apartments, for which a final building permit was issued in 2024. The contractor selection process is currently underway. Upon completion, the building will replicate the one constructed in Phase I. Additionally, the project encompasses land and a valid building permit for the development of a wellness center, congress hall, and recreational apartments. A modification of the existing permit is currently being considered to allow for the construction of spa residences. More
Apartment buildings in Břeclav, construction of 39 apartments.

These are plots intended for the construction of two apartment buildings with a total of 39 apartments. Currently, building proceedings for issuing zoning decisions and building permits are underway. More
Prušánky Gas Station

Prušánky gas station. Parking spaces for motorhomes, premises for car service available for rent. More
Omice, building plot for construction of three family houses

The price is determined by market comparison and contracts for project documentation.
Hodonín u Kunštátu

BD Jeseník

EFI Brewery: technology and structural modifications of eFi Brewery in Brno at Nám. 28 října 23.

Price according to contracts for work.
Key indicators as of 12/31/2024:
- Real estate portfolio value: CZK 1,984,407,893
- Net Debt: CZK 1,317,597,000
- Loan-to-value ratio (LTV): 66,4%
- Planned future real estate investments: CZK 655,000,000
- Portfolio value after completion of planned investments: CZK 2,639,407,893
Company | EBITDA1 | |||
---|---|---|---|---|
EBITDA as of 12/31/2023 (earnings before interest, taxes, depreciation, and amortization) | EBITDA as of 12/31/2024 (earnings before interest, taxes, depreciation, and amortization) | |||
The e-Finance Group
|
Group company: | |||
e-Finance, a.s. | 12 947 000 CZK | 7 293 000 CZK | ||
Subsidiaries of e-Finance Group: | ||||
Czech Property Fund, s.r.o. | 6 090 000 CZK | 12 553 000 CZK | ||
e-Finance Apart Hotel, s.r.o. | 1 075 000 CZK | 9 257 000 CZK | ||
e-Finance CZ, a.s. | 34 790 000 CZK | 59 337 000 CZK | ||
EFI Hostinec, s.r.o. | -1 000 CZK | -1 000 CZK | ||
eFi Břeclav, s.r.o. | -354 000 CZK | 36 000 CZK | ||
EFI Byty, s.r.o. | 1 334 000 CZK | 1 298 000 CZK | ||
e-Finance Zámek Račice, s.r.o. | -645 000 CZK | -107 000 CZK | ||
e-Finance Reality, s.r.o. | -669 000 CZK | -651 000 CZK | ||
e-Finance Developer, s.r.o. | 1 135 000 CZK | 5 719 000 CZK | ||
eFi Sport Centrum, s.r.o. | -178 000 CZK | -88 000 CZK | ||
Group EFI Hotels & Properties Group
|
The subsidiary of e-Finance, a.s., forming an independent group: | |||
EFI Hotels & Properties, a.s. | -154 000 CZK | -861 000 CZK | ||
Subsidiaries of EFI Hotels & Properties, a.s.: | ||||
e-Finance EU, a.s. | 14 804 000 CZK | 12 970 000 CZK | ||
eFi Palace, s.r.o. | 14 943 000 CZK | 11 693 000 CZK | ||
e-Finance Jihlava, a.s. | 6 436 000 CZK | 6 300 000 CZK | ||
eFi Palace Resort, s.r.o. | 101 000 CZK | -81 000 CZK | ||
Total | 91 654 000 CZK | 124 667 000 CZK |
1EBITDA of group companies in 2023 and 2024
1EBITDA is an abbreviation for "Earnings Before Interest, Taxes, Depreciation, and Amortization," which translates into Czech as "zisk před úroky, daněmi, odpisy a amortizací." This financial indicator is used to measure a company's performance at the operational level, as it eliminates the effects of financing (interest), taxation environment, and asset depreciation (in the case of companies within the e-Finance Group, primarily accounting depreciation of fixed assets, especially real estate), allowing for a more comparable view of operational efficiency among different companies or sectors. EBITDA is calculated from the Profit and Loss Statement as follows: EBITDA = **Profit or loss before taxation + J. Interest expenses and similar costs + E.1. Adjustments to values of intangible and tangible fixed assets. Profit and Loss Statements of all companies within the group are available in the public document collection at the justice.cz portal.
Definition of Terms
Loan-to-Value Ratio (LTV)
LTV, or Loan-to-Value ratio (the ratio of net debt to the value of real estate assets), is a financial indicator primarily used in real estate investment lending to express the ratio between the loan amount and the value of the secured asset (for example, real estate). A healthy LTV value depends on specific market conditions and the requirements of lending institutions and investors, but generally, several principles apply:
Lower LTV is safer:
A lower LTV means that the borrower has borrowed a smaller amount relative to the value of the collateral. This implies lower risk for both the lender and the borrower, which can lead to better interest rates. Typical values: In many countries, an LTV ratio of around 80% or less is considered healthy. This means that external financing does not exceed 80% of the property's value.
100% LTV and above:
Some specific loan products may offer loans with an LTV of 100% or higher, meaning the borrower does not need to have any equity. However, these products typically carry significantly higher risk and are associated with higher interest rates. Regulations and requirements: Regulatory authorities in many countries set maximum allowable LTV values to limit risks associated with real estate lending and protect the economy.
Net Debt
Net debt is a financial indicator measuring the total amount of a company's debts (such as bonds and bank loans) after subtracting available cash and cash equivalents. This indicator provides a more accurate picture of how much the company actually owes beyond its immediately available cash reserves. It expresses the company's effective debt burden and is useful for assessing its ability to repay obligations. Net debt is a key indicator for investors and creditors because it provides a better understanding of the company's financial health and risk than gross debt alone.