Baltic Horizon Fund (TAL:NHCBHFFT)
Estonia · Delayed Price · Currency is EUR | Market Cap | 45.22M +18.9% |
| Revenue (ttm) | 19.82M -1.4% |
| Net Income | -18.87M |
| EPS | -0.13 |
| Shares Out | 226.58M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 20,813 |
| Open | 0.1998 |
| Previous Close | 0.1998 |
| Day's Range | 0.1965 - 0.1998 |
| 52-Week Range | 0.1400 - 0.2540 |
| Beta | 0.48 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Aug 6, 2026 |
About Baltic Horizon Fund
Baltic Horizon Fund is a regulated closed-end contractual investment fund registered in Estonia. The Fund is managed by Baltic Horizon Capital AS (previously Northern Horizon Capital AS). Both the Fund and the Management Company are supervised by the Estonian Financial Supervision and Resolution Authority. The Depositary of the Fund is Swedbank AS. The Fund is the ultimate parent and controlling entity of the group comprising the Fund and its subsidiaries. The Fund is a public fund with no lifetime (evergreen). Units of the Fund are made availa... [Read more]
Financial Performance
In 2025, Baltic Horizon Fund's revenue was 20.05 million, an increase of 0.83% compared to the previous year's 19.88 million. Losses were -20.08 million, 19.7% more than in 2024.
Financial StatementsNews
Baltic Horizon Fund Transcript: AGM 2026
The meeting reviewed 2025 financials, highlighting stabilization efforts, recapitalization, and improved operational efficiency. Key resolutions included electing a new board member, extending mandates, and prioritizing asset disposals to reduce debt. Q3 2026 is pivotal for asset sales and further progress.
Baltic Horizon Fund Slides: FY 2026
Baltic Horizon Fund has posted slides in relation to its FY 2026 quarterly earnings report, which was published on June 1, 2026.
Baltic Horizon Fund Quarterly report: Q1 2026
Baltic Horizon Fund has published its Q1 2026 quarterly earnings report on May 7, 2026.
Baltic Horizon Fund Earnings Call Transcript: Q4 2025
Q4 2025 saw improved occupancy and stable NOI, but a EUR 20 million portfolio write-down led to a significant annual loss. Liquidity remains tight, prompting a pro rata equity offering to existing investors to address covenant compliance and operational needs.
Baltic Horizon Fund Annual report: Q4 2025
Baltic Horizon Fund has published its Q4 2025 annual report on February 20, 2026.
Baltic Horizon Fund Quarterly report: Q4 2025
Baltic Horizon Fund has published its Q4 2025 quarterly earnings report on February 20, 2026.
Baltic Horizon Fund Slides: Q4 2025
Baltic Horizon Fund has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on February 20, 2026.
Baltic Horizon Fund Transcript: EGM 2025
A resolution to issue up to 169 million new units at EUR 0.1478 per unit was approved by 93% of votes present, with only current unitholders eligible to subscribe pro rata. The offering period is expected in the first quarter of next year.
Baltic Horizon Fund Transcript: EGM 2025
The meeting focused on a proposal to raise €25 million from existing investors to repay expensive bond debt, with a minimum threshold of €7.5 million. Due to lack of quorum, no vote was held, and a repeat meeting is scheduled for December 16.
Baltic Horizon Fund Earnings Call Transcript: Q3 2025
Occupancy and gross rental income improved, but net income was hit by a EUR 500,000 bad debt provision. Management proposes a EUR 25 million equity raise at a 30% discount to repay expensive bonds, as property sales remain challenging in an illiquid market.
Baltic Horizon Fund Quarterly report: Q3 2025
Baltic Horizon Fund has published its Q3 2025 quarterly earnings report on November 24, 2025.
Baltic Horizon Fund Slides: Q3 2025
Baltic Horizon Fund has posted slides in relation to its Q3 2025 quarterly earnings report, which was published on November 24, 2025.
Baltic Horizon Fund Transcript: AGM 2025
The meeting reviewed gradual progress in occupancy and rent levels amid a tough market, highlighted ongoing cash flow and debt challenges, and outlined plans to dispose of non-strategic assets and raise equity. Management transition to GreenVest and a focus on converting S27 into a school were also discussed.
Baltic Horizon Fund Slides: FY 2025
Baltic Horizon Fund has posted slides in relation to its FY 2025 quarterly earnings report, which was published on September 9, 2025.
Baltic Horizon Fund Earnings Call Transcript: Q2 2025
Q2 saw stable NOI and gradual occupancy improvement, with ongoing leasing activity and cost reductions. Debt remains high, but steps are being taken to reduce leverage through asset disposals and potential equity increase. Market conditions remain challenging, especially in the office segment.
Baltic Horizon Fund Quarterly report: Q2 2025
Baltic Horizon Fund has published its Q2 2025 quarterly earnings report on August 15, 2025.
Baltic Horizon Fund Slides: Q2 2025
Baltic Horizon Fund has posted slides in relation to its Q2 2025 quarterly earnings report, which was published on August 15, 2025.