• Revenues for the second quarter were MNOK 359, an increase from MNOK 354 in the same quarter last year.
• Operating profit before value adjustments and JVs was MNOK 294 for the second quarter. Unchanged from the same quarter last year.
• Profit before income tax and value adjustments was MNOK 88.9 for the second quarter.
• Positive fair-value adjustments for the properties of NOK 137 million
• The net profit was NOK 182 million for the second quarter, which corresponds to an earnings per share (EPS) of NOK 0.27.
• EPRA NRV (Long-term net reinstatement value) is NOK 21.51 per share.

Bent Oustad, CEO, says about the quarter:

“We have signed a new lease contract for 8 250 square meters with a tenant in the education sector at Snarøyveien 30 at Fornebu. The agreement is subject to an approved change of purpose. The work on refurbishing the premises will begin in Q3 2027. We are very satisfied to attract different types of tenants to our properties at Fornebu. We are finishing another quarter where we signed lease contracts in all three of our core areas at good rental levels. On average, the renegotiations of leases in the last quarter have had an increase in rent just above 10%. This shows that we have attractive properties to offer the market, at the same time the areas attract new potential tenants.

We also see a healthy financing market with good liquidity in different financial sources. The credit margins are dropping slightly, which will be incorporated in our financing costs in the following quarters. NPRO has entered into new agreements in both the banking market and the bond market during the quarter. We have credit facilities in place that cover all maturities in bond loans for 2025.”

Webcast with presentation in Norwegian of the results is available here: https://channel.royalcast.com/landingpage/hegnarmedia/20250704_2/

For further information, please contact:
Bent Oustad, CEO, mob: +47 4801 6082, e-mail: bo@npro.no
Haavard Rønning, CFO, mob. +47 400 200 19, e-mail: hr@npro.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.