Storent reports 35% total revenue growth in 2025, driven by expansion and U.S. company acquisition
- May 28
- 1 min read
Storent, an equipment rental company operating across the Baltics, Nordics and the United States (U.S.), announces its audited pro-forma financial results for 2025, marking a year of strong growth and strategic expansion. The Group also reports its results for the first quarter of 2026.
Based on the Group’s audited pro-forma financial results for 2025, total revenue reached EUR 63.8 million (2024: EUR 47.2 million), representing a 35% increase year-on-year. In September 2025, Storent acquired a 70% stake in the U.S.-based equipment rental company Connect Rentals LLC. Assuming the company acquisition had been completed on 1 January 2025, adjusted pro-forma EBITDA reached EUR 24.9 million (2024: EUR 13.3 million), representing an 87% increase compared to the previous year. The Group reported a profit of EUR 1.6 million, compared to a loss of EUR 3.0 million in 2024.
