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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Q3 2025 Interim Report Cibus Nordic Real Estate AB (publ)

CIBUSRegulatory press release04.11.2025 klo 08.30
Discuss
Download the release

July - September 2025 (compared with July - September 2024)

  • Rental income amounted to EUR 42.0 million (30.4).
  • Net operating income totalled EUR 40.2 million (29.2)
  • Profit from property management amounted to EUR 21.8 million (13.2). Profit from property management, excluding exchange rate effects, amounted to EUR 21.8 million.
  • Earnings after tax for the period amounted to EUR 19.4 million (-5.6), corresponding to EUR 0.23
    (-0.11) per share.
  • Unrealised changes in value affected profit by EUR-2.9 million (-6.4) on properties and by EUR 3.4 million (-13.0) on interest rate derivatives.

January - September 2025 (compared with January - September 2024)

  • Rental income amounted to EUR 122.4 million (91.4).
  • Net operating income totalled EUR 115.9 million (87.8).
  • Profit from property management amounted to EUR 79.3 million (35.8). Profit from property management, includes a non-recurring income item of EUR 20.5 million regarding negative goodwill in connection with the acquisition of Forum Estates, as well as non-recurring costs and exchange rate effects of EUR -1.3 million. Profit from property management, excluding non-recurring items and exchange rate effects, amounted to EUR 60.1 million.
  • Earnings after tax for the period amounted to EUR 64.1 million (-7.3), corresponding to EUR 0.81
    (-0.16) per share.
  • Unrealised changes in value affected profit by EUR -7.5 million (-37.0) on properties and by EUR -4.6 million (-9.4) on interest rate derivatives.
  • EPRA NRV amounted to EUR 1,056.1 million (749.1) corresponding to EUR 12.9 (11.9) per share.

"I am proud of the pan-European specialist platform we are building together and the stable returns we are delivering"

- Christian Fredrixon, VD

Key figures1
In EUR millions, unless otherwise stated

Q3 2025

Q3 2024

Jan-sep 2025

Jan-sep 2024

Rental income

42.0

30.4

122.4

91.4

Net operating income

40.2

29.2

115.9

87.8

Profit from property management

21.8

13.2

79.3

35.8

Unrealised changes in property values

-2.9

-6.4

-7.5

-37.0

Earnings after tax

19.4

-5.6

64.1

-7.3

Market value of investment properties

2,492

1,764

2,492

1,764

EPRA NRV/share, EUR

12.9

11.9

12.9

11.9

Number of properties with solar panels

76

49

76

49

Net operating income, current earnings capacity

165.0

115.1

165.0

115.1

Net debt LTV ratio, %

56.1

54.6

56.1

54.6

Debt ratio (net debt/EBITDA), multiple

10.7

9.3

10.7

9.3

Prospective debt ratio (net debt/EBITDA), multiple

9.7

9.0

9.7

9.0

Interest coverage ratio, multiple

2.4

2.2

2.4

2.2

¹Refer to the full report for alternative performance measures and definitions.

4 november 2025

For further information, please contact

Christian Fredrixon, CEO

christian.fredrixon@cibusrealestate.com
+46 (0)8 12 439 100

Pia-Lena Olofsson, CFO
pia-lena.olofsson@cibusrealestate.com
+46 (0)8 12 439 100

Link to the report archive:

https://www.cibusrealestate.com/investors/financial-reports/

About Cibus Nordic Real Estate

Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high-quality properties in Europe with grocery retail chains as anchor tenants. The company currently owns about 650 properties in Europe. The largest tenants are Kesko, Tokmanni, Coop, S Group, Rema 1000, Salling Group, Lidl, Dagrofa and Carrefour.

This information is information that Cibus Nordic Real Estate AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 4 November 2025.

Cibus Nordic Real Estate AB (publ)

Kungsgatan 26
111 35 Stockholm, Sweden

Tel: +46 (0)8 12 439 100
Reg no. 559135-0599

www.cibusrealestate.com

Attached files

Cibus_Pressrelease_2025-11-04_Eng.pdf
Cibus_Interim_report_Q3_2025.pdf