In 2025, the real estate project management company EIKA Development’s revenue grew by about 23 percent – from 5.85 million euros in 2024 to 7.17 million euros in 2025. It is predicted that in 2026 the company’s revenue will reach 8.5 million euros. The value of construction completed during the year amounted to 76.8 million euros, 5 building permits were obtained, the number of housing projects under development increased to 9, and the number of apartments sold reached 540. This allowed the company to take second place in the Vilnius housing market and secure a 9.5 percent market share.
In 2025, the company administered 24 real estate properties with 340 tenants, and the total area of the property under administration grew by more than 21 percent and amounted to 144 thousand sq. meters.
The largest portion of the company’s revenue was generated by construction management, followed by development management, asset management, and design management.
Fastest growing areas of activity
The largest absolute growth of EIKA Development in 2025 was recorded in construction management activities: if in 2024 the income from this activity reached 2.04 million euros, then in 2025 it rose to 2.58 million euros (a change of 26.5 percent). Development management and brokerage income also grew significantly – it rose to 2.42 million euros (a change of 34 percent), and in the area of property management, about 37 percent growth was recorded to 1.49 million euros. Income from design management reached 682 thousand euros.
In 2025, the company also recorded a positive financial result – net unaudited profit amounted to 442 thousand euros.
Revenue growth and operating results
“2025 has become a year of clear growth and strengthened positions for us. The company is recording growth in all key categories: revenue has increased, the project portfolio has grown, the number of housing units sold, and the volume of construction and real estate objects under management,” says Martynas Žibūda, CEO of EIKA Development.
2025 was marked by significant completed and launched projects in different segments. During the year, the company completed three apartment projects in Vilnius: “Naujus peizažus” in Naujininkai, “Užupio personas” in Užupis, and the II phase of “Metų laikuos” in Visoriai. The sale of apartments in the project “Žvėryno Personas” in Žvėryno also began, which added 61 prestigious class apartments to the market. Investments in this project will exceed 22 million euros, and the completion of construction is scheduled for the second quarter of 2027.
The past year was also notable in the industrial segment – the company completed two factories: the KIKA canned pet food factory in Kaunas (completed significantly ahead of schedule) and the Mestilla oilseed processing and biodiesel plant in Klaipėda. In addition, three office buildings were completed: the Jasinskio2 business center, the Dvyniai business center extension, and the Lithuanian Bar Association building in Vilnius.
“We are pleased that in 2025 we received and implemented significant external orders and achieved our ambition to operate as an independent project management company. This year was also exceptional in that we consistently strengthened our positions in the industrial segment – we see significant growth opportunities in this area,” notes M. Žibūda.
External clients and portfolio strengthening
One of the most important strategic goals of EIKA Development is to consistently increase the share of external clients.
In the asset management department, out of 24 buildings managed, 14 belong to external clients, i.e. companies not related to EIKA Group. Among them is the investment management company EfTEN Capital, which initially entrusted the EIKA Development team with the administration of one, later three, and last year as many as 7 commercial properties. Some of these properties include the UNA shopping park in Vilnius, near the Molėtai highway, and the Ulonai business center in Žirmūnai.
In early 2026, the company also signed a significant construction management contract with Eglės sanatorija in Druskininkai, the value of the reconstruction project of which exceeds EUR 32 million. The majority of the work will be completed this year. It is expected that this will be another successful project for EIKA Development, continuing the company’s experience working with different SPA and hotel projects in Vilnius, Anykščiai, Utena and Druskininkai.
Outlook 2026: Growth and Management Challenges
In response to the recovery of the real estate market, the company will develop 3 new residential projects in Vilnius in 2026, which will eventually offer about 1,000 apartments: in Kalnėnai, Fabijoniškės and Pilaitė. The company currently also has 8 active projects in Užupis, Žvėrynes, Senamiestis, Pašilaičiai, Visoriai, Naujininkai and Bajorai, where about 400 vacant apartments remain. The company is already planning further development – in 2027–2028. new projects are planned to be launched in Žirmūnai and Naujamiestis.
“I am very pleased to have assembled a team of top-level professionals who are waiting for the responsibility they deserve. Our function as real estate project managers is to offer the best vision that meets the needs of the real estate owner, prepare an investment plan, and assemble a team that can implement it,” adds M. Žibūda, CEO of EIKA Development.