Q1 HIGHLIGHTS:
The Group delivered a satisfactory performance in the first quarter, with profit
before income tax amounting to NOK 1 385 million.
The Group's rental income amounted to NOK 1 063 million.
Fair value adjustments of investment properties amounted to NOK 759 million, and
fair value adjustments of interest rate derivatives totaled NOK 7 million.
Profit before tax, fair value adjustments and currency result amounted to NOK
514 million.
The Group's financial position is solid. By the end of the quarter the Group's
equity ratio was 48 %, while the liquidity reserve amounted to NOK 11 590
million.
Retail sales in the shopping center portfolio in the first quarter were NOK 14
148 million, an increase of 7 % compared to the same quarter last year.
In January, Thon Gruppen AS increased its ownership stake in Olav Thon
Eiendoms-selskap to 100 % after launching a voluntary offer to buy back
outstanding shares in December 2025. The shares in Olav Thon Eiendomsselskap
were subsequently delisted from Euronext Oslo Børs
listed from Euronext Oslo Børs\