In 2025, the unaudited sales revenue of TKM Grupp amounted to 919.6 million euros

In 2025, the unaudited sales revenue of TKM Grupp was 919.6 million euros – a 2.6% decrease in comparison with the result of 2024. In the fourth quarter of 2025, the consolidated unaudited sales revenue of the group was 239.2 million euros, which was 6.8% less than the sales revenue of the same period of last year. The pre-tax profit of 2025 was 24.3 million euros, which is a 31.4% decline compared to the year before. In the fourth quarter of 2025, the consolidated unaudited pre-tax profit of the group was 8.3 million euros, which was 4.9 million euros less than the profit of the same period last year.

‘2025 presented numerous challenges in every segment of the group – the turbulent economic environment had a significant impact on sales results due to changes in customer purchasing habits and a decline in confidence,’ said Raul Puusepp, Chairman of the Management Board of TKM Grupp Commenting on the results, Puusepp pointed out that despite the challenging economic environment and decline in turnover, the group achieved a profit in all business segments in the fourth quarter, thanks to effective cost control, flexible management of operating volumes, and the implementation of measures to improve internal efficiency. In 2025 as a whole, almost all business lines ended the year with a profit, with only the department store segment ending on a small loss. ‘Given the current situation, it was to be expected that the motor vehicle tax introduced last year would have a negative impact on the sales revenue of cars. The weakness of the Estonian market was offset by the opening of the group’s new multi-brand dealership in Vilnius, selling and servicing KIAs and Škodas. The new dealership will create a strong foundation for further growth in Lithuania and the entire Baltic market,’ said Puusepp. At the beginning of January this year, TKM Auto signed an agreement to acquire Rohe Auto AS and SKO Motors OÜ, which will further strengthen the car trade segment.

‘Despite the economically challenging year, there were also some significant milestones and anniversaries: two of Estonia’s flagship retailers, Kaubamaja and Selver, celebrated their 65th and 30th anniversaries, respectively. The Tartu Kaubamaja centre turned 20 and the Viimsi centre is now 10 years old,’ said Raul Puusepp. ‘Developing and maintaining a consistent lead is only possible thanks to our loyal customers, whose numbers continue to grow with each year and reached above than 750,000 by the end of 2025. A customer survey conducted in the summer confirmed that trust in the Partner Card remains high and, despite its venerable anniversaries, the group’s services and companies are also attractive to the younger generation,’ Puusepp noted.

Supermarket segment

The consolidated sales revenue of the supermarket business segment in 2025 was 611.9 million euros, increasing by 0.3% year on year. The consolidated sales revenue in the fourth quarter of 2025 was 157.0 million euros, decreasing by 4.3% compared to the same period of the previous year. The consolidated pre-tax profit of the supermarket segment in the reporting year was 12.2 million euros, which is a decrease of 3.8 million euros in comparison with the reference year. In the fourth quarter of 2025, the pre-tax profit was 3.5 million euros – 1.1 million euros lower than during the reference period. 44.4 million purchases were made in Selver stores in 2025, remaining at the previous year’s level.

As at the end of the year, the supermarkets segment included 72 Selver stores, two Delice stores, the Rändpood mobile shop, and a café, with a total sales area of 123.8 thousand m², as well as e-Selver, the e-shop with the largest service area in Estonia, and the central kitchen Kulinaaria OÜ.

Kaubamaja department stores

In 2025, the Kaubamaja department stores business segment earned a sales revenue of 103.0 million euros, which is 1.1% less than last year. The sales revenue of the fourth quarter was 32.2 million euros, which was 3.0% less than last year. In 2025, the pre-tax loss of the Kaubamaja department stores segment was 0.5 million euros – 0.2 million euros lower than the year before. In the fourth quarter, the pre-tax profit was 2.2 million euros, which was 25.3% higher than the result of the comparable period last year.

The 2025 sales revenue of OÜ TKM Beauty Eesti, which operates the I.L.U. cosmetics stores, was 8.2 million euros, which was 5.5% less than in the same period in 2024. Sales revenue for the fourth quarter was 2.6 million euros, which is 7.1% less than in 2024. The loss for 2025 was 0.15 million euros, which was a decline of 0.39 million euros compared to last year. The profit of the fourth quarter was 0.02 million euros – 0.1 million euros less than the result of the same period of 2024.

Car trade

The 2025 sales revenue of the car trade segment was 176.9 million euros, which was 11.9% lower than the result of the previous year. The sales revenue of 41.8 million euros in the fourth quarter fell 18.5% short of the sales revenue of the same period in the previous year. In 2025, the pre-tax profit of the segment was 5.7 million euros, which is 48.5% lower than the year before. The pre-tax profit of the fourth quarter of 2025 was 0.9 million euros, which was 1.3 million euros less than the profit of the same period of the year before.

Throughout the year, a total of 5,140 new vehicles were sold, 1,115 of them in the fourth quarter. In spring 2026, a body shop will be built next to the KIA sales and service centre that opened in Peetri a year ago.

Security segment

The external sales revenue of the security segment in 2025 was 20.1 million euros, decreasing by 8.1% compared to the year before. The external sales revenue of the security segment in the fourth quarter of 2025 was 6.4 million euros, increasing by 6.8% in comparison with the same period of last year. The pre-tax profit of the fourth quarter of 2025 was 0.04 million euros, which is 0.3 million euros lower than the result of the same period of the year before. In the fourth quarter, the pre-tax profit of the segment amounted to 0.2 million euros – an improvement of 0.2 million euros compared to the same period last year.

Real estate

The 2025 external sales revenue of the real estate segment was 7.7 million euros, which is 5.1% more than in the same period of last year. The external sales revenue in the fourth quarter of 2025 was 1.9 million euros, decreasing by 12.5% in comparison with the reference period. In 2025, the real estate segment earned a pre-tax profit of 9.0 million euros, which was 18.4% lower than in the previous year. The segment’s pre-tax profit for the fourth quarter was 2.1 million, down 62.8% compared to the same period last year.