Quarterly (Q1) 2025 report – Baltic Sea Properties (BALT)

15 May 2025 08:10 CEST

Oslo, 15 May 2025, 08:10 CEST.

We are pleased to present our Q1 2025 report, marking another period of revenue
growth (12%) and sustained cash flow development.

Our EBITDA grew to MNOK 19.5 compared to MNOK 17.4 first quarter last year, and
income from property management (IFPM)increased to MNOK 10.2 vs MNOK 6.6 same
period last year. The increase is largely due to higher rent from new projects
and lower financing costs.

We remain committed to our long-term value creation, maintaining our dividend
capacity, and strengthening our ESG performance. Accordingly, our 2025 focus
includes completing key developments, sourcing new acquisitions, refinancing our
portfolio, and identifying and pursuing M&A opportunities.

For more detailed insights into our financial performance and strategic
initiatives, please review the attached Q1 2025 quarterly report.

For further information, please contact:

Lars Christian Berger,
CEO
Phone: +47 930 94 319
Email: Lcb@balticsea.no

The information in this announcement is subject to disclosure requirements under
the EU Market Abuse Regulation (MAR) and listing rules for Euronext Growth Oslo.

Baltic Sea Properties is an open-ended and fully integrated real estate
investment company. The company is among the Baltics’ leading real estate
investors and developers – owning a diversified cash flow generating portfolio
of modern real estate in the logistics, industrial and commercial segments

More information:
Access the news on Oslo Bors NewsWeb site

646463_Quarterly report Q1-2025 - BSP - published.pdf