Globe Trade Centre SA (OTCPK:GBCEY)

Q3 2025 Globe Trade Centre SA Earnings Call Transcript

Dec 1, 2025 / 02:00 PM GMT

Release Date Price: $3.4

Transcript

Key Points

Positve

Globe Trade Centre SA (FRA:G91) successfully refinanced a significant portion of its bonds, securing €455 million, which is a major achievement for the company.
The company reported a 9% overall revenue growth, largely attributed to the incorporation of the German acquisition revenues.
The retail portfolio is performing well, with full occupancy and potential for increased occupancy in Poland.
The German portfolio showed a slight increase in occupancy from 83% to 86%, indicating positive momentum.
The company is actively working on deleveraging by selling assets and improving operational efficiency.

Negative

Excluding the German acquisition, revenue decreased by 4% due to the sale of income-generating assets.
Profitability is under pressure due to significant financing costs associated with the German acquisition.
There is a substantial increase in property and administrative expenses, impacting overall profitability.
The company incurred a loss of €28 million for the period, compared to a profit of €41 million last year.
Interest expenses have significantly increased, primarily due to the financing of the German portfolio acquisition.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GTCP.WA - Globe Trade Centre SA
Q3 2025 Globe Trade Centre SA Earnings Call
Dec 01, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome everyone to the GTC Q3 2025 results webinar.

My name is Becky and I will be your operator today.

All lines will be on mute throughout the presentation with a chance for Q&A at the end. If you wish to ask a question during the webinar, you can submit a text question via the Q&A chat box on Zoom.

I will now hand over to your GTC hosts, Baton Rench, CEO Yk Baginsky, CFO and Mikhail Kuzowinski, head of investor relations. Baton, please go ahead.

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Unidentified_2 [2]
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Thank you very much, Becky, for the

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