Liven AS Reports Strong Sales Growth but Posts Quarterly Loss — Liven Pty Ltd

Event summary

Liven AS signed 57 sales contracts in Q2 2026, up from 31 in Q2 2025, with a total sales revenue volume of EUR 13.2 million.
The company's weekly sales ratio reached nearly 3.1% as a four-week average, driven by presales of Regati phase II and other projects.
Liven AS reported a net loss of EUR 618 thousand for Q2 2026, affected by one-off costs related to its public offering of shares.
The company's presale portfolio grew by EUR 14.9 million since the beginning of 2026, reaching EUR 48.6 million by the end of Q2.

The big picture

Liven AS's strong sales growth in Q2 2026 reflects a recovering demand for residential real estate in Estonia, particularly in Greater Tallinn where the company holds over an 8% market share. However, the quarterly loss highlights the challenges of managing one-off costs associated with its public offering and the cyclical nature of construction financing. The company's strategic focus on securing long-term growth through new acquisitions and project phases positions it to capitalize on steady demand in the coming years.

What we're watching

Revenue Realization: Whether Liven AS can sustain its sales momentum and convert presales into completed projects to meet its EUR 59 million revenue target for 2026.
Market Expansion: The pace at which Liven AS can expand its development portfolio in Berlin and Tallinn, given its recent acquisitions and planned construction starts.
Financial Stability: How the company's cyclical volume of construction loans will impact its financial results as it approaches project completions in 2027.