Penta reports record €621 million net profit for 2024, driven by broad portfolio performance
Penta has reported a net profit of €621 million for the financial year 2024, its highest result to date. The performance reflects the contribution of all core portfolio companies and the impact of sustained capital investments in recent years, which have enabled the group to scale across sectors.
The group achieved a return on equity of 16.1%, continuing its pattern of stable long-term performance. Penta also launched the Penta Fund at the end of 2024, which has been positively received by qualified external investors. Within the first two months of operation, the fund exceeded its full-year capital-raising target.
With more than 50,000 employees, Penta paid €801 million in income taxes and social contributions last year, underscoring its role as a major regional employer and taxpayer.
In 2024, the group completed several acquisitions, particularly in healthcare and real estate. According to Iain Child, Managing Partner of Penta, these acquisitions will support further expansion in both sectors. He also confirmed that the group plans to invest over €2 billion in the next five years, with all available capital directed toward portfolio growth.
Among Penta’s companies, the Dr. Max pharmacy chain remained the largest profit contributor. The chain continued its expansion in Italy and other markets, operating more than 3,000 pharmacy units across Europe. Dr. Max has focused heavily on digital transformation, implementing an omnichannel strategy across its operations.
Fortuna Entertainment Group (FEG) also delivered strong financial results. Penta remains committed to expanding FEG through acquisitions and market entry, while the company’s management continues to enhance product quality to strengthen its position in the Central and Eastern European betting and gaming sector.
Penta Hospitals expanded its footprint in the Czech Republic with the acquisitions of Dr. Pírek Klinik, a hospital specializing in orthopedics and surgery, and TeamPrevent Santé, a provider of occupational and premium health services. The group also grew its elderly care segment by acquiring Czech assets from the Senecura Group and expanding the Alzheimer Home network.
Penta Real Estate completed a record 682 residential units in 2024 and strengthened its position in premium housing and commercial development. It holds major development sites in Prague (Florenc, Main Railway Station, and Victory Square) and Bratislava (Southbank). The company is also preparing to enter the London real estate market. By the end of 2024, its assets had reached €1.7 billion, supporting a long-term pipeline of high-quality design-led projects.
Penta’s banking portfolio—comprising Prima Banka and Privatbanka—reported a 24% increase in net operating income, driven by portfolio repricing and growth in assets, deposits, and client base. Despite this, net profit fell to €42 million due to the reintroduction of the bank levy in Slovakia, which affected the wider banking sector.
In the media segment, Penta’s Czech and Slovak portfolio surpassed €20 million in EBITDA despite market declines. The group’s key media companies, VLM and NMH, increased their online revenues, reflecting continued progress in their digital transformation strategies.
Source: Penta
