Storent reports 35% total revenue growth in 2025, driven by expansion and U.S. company acquisition
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.
