Storent Reports 35% Revenue Growth in 2025 Driven by US Expansion
Storent, an equipment rental company operating in the Baltics, Nordics, and the United States, announced audited pro-forma financial results for 2025 showing a 35% year-on-year revenue increase to EUR 63.8 million. This growth was primarily driven by the acquisition of a 70% stake in US-based Connect Rentals LLC and continued fleet investments totaling EUR 19.2 million. The Group’s adjusted pro-forma EBITDA surged 87% to EUR 24.9 million, while it reported a net profit of EUR 1.6 million, a significant turnaround from the EUR 3.0 million loss in 2024. Regionally, the Baltics remained the core earnings driver, while the US market emerged as the primary long-term growth engine. To support this international strategy, Storent established a new US parent entity, STORENT HOLDING CORPORATION. In the first quarter of 2026, revenue grew 8% to EUR 13.5 million, with US revenues rising 14%, although the group recorded a seasonal loss of EUR 2.3 million due to expansion costs and depreciation. Management emphasized a focus on scaling US operations and improving digital efficiency across all markets.
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Storent Reports 35% Revenue Growth in 2025 Driven by US Expansion
Storent, an equipment rental company operating in the Baltics, Nordics, and the United States, announced audited pro-forma financial results for 2025 showing a 35% year-on-year revenue increase to EUR 63.8 million. This growth was primarily driven by the acquisition of a 70% stake in US-based Connect Rentals LLC and continued fleet investments totaling EUR 19.2 million. The Group’s adjusted pro-forma EBITDA surged 87% to EUR 24.9 million, while it reported a net profit of EUR 1.6 million, a significant turnaround from the EUR 3.0 million loss in 2024. Regionally, the Baltics remained the core earnings driver, while the US market emerged as the primary long-term growth engine. To support this international strategy, Storent established a new US parent entity, STORENT HOLDING CORPORATION. In the first quarter of 2026, revenue grew 8% to EUR 13.5 million, with US revenues rising 14%, although the group recorded a seasonal loss of EUR 2.3 million due to expansion costs and depreciation. Management emphasized a focus on scaling US operations and improving digital efficiency across all markets.
The Baltic Times