Interim Report, January – March 2026

29 May, 2026
by Europi Property Group

Interim Report, January – March 2026

January – March 2026

• Rental income amounted to EUR 6,028k (EUR 6,065k) – marginal decrease stemming from Ecologis Portugal being accounted for using the equity method following the partial sale in the last quarter of 2025
• Net operating income amounted to EUR 4,038k (EUR 4,325k) – decrease also driven by accounting treatment of Ecologis Portugal
• Profit incl. changes in value in associates & joint ventures totalled EUR -1,345 (EUR 811k) – decrease driven primarily by negative currency effects in Capital Park and small realised loss on sale of Ecologis’ Quinta da Marquesa asset
• Net profit for the period amounted to EUR -1,404k (EUR 1,003k)
• The year-on-year change in net result was driven primarily by three factors. Firstly, the divestment of a non-core asset in Ecologis slightly below it’s carrying value and contributing a loss of EUR 0.7m at the Group’s share. Secondly, the disposal of Royal Wilanów at a slight discount to its book value. Thirdly, EUR 1.7m of one-off revaluation gains were recognised in Q1 2025 due to acquisition timing considerations, which did not reoccur in Q1 2026. The underlying portfolio performance remained otherwise stable.
• The gross asset value (GAV) of the property portfolio amounted to EUR 704m (EUR 632m) at the end of the period
• The loan-to-value ratio was 42% (38%) at the end of the period

Significant events during the first quarter

• One additional prime residential house was acquired within the Hyde Park Properties strategy during the period
• Europi’s associated company Capital Park, divested its “Royal Wilanów” office asset in Warsaw for over EUR 100m
• Ecologis divested its Quinta da Marquesa logistics asset in Lisbon

Significant events after the first quarter

• Three additional houses were acquired within the Hyde Park Properties strategy and another three exchanged with expected completion in the near term
• Ecologis Portugal was refinanced after the end of the quarter
• Following the sale of Royal Wilanów, associated company Capital Park distributed EUR 7.6m to Europi
• Europi proposed a dividend of EUR 35m to the annual general meeting

The Interim Report, January – March 2026 is now available on the company’s website https://europi.se/bond-investors.

For further information, please contact:

Jonathan Willén, CEO, Europi Property Group
+46 (0) 8 411 55 77
E-mail:  info@europi.se

This is information that Europi Property Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13.00 CET on 29 May 2026.