Quarterly (Q3) Report 2025 – Baltic Sea Properties (BALT)

14 Nov 2025 08:00 CET

Oslo, 14 Nov 2025, 08:00 CET

We are pleased to present our Quarterly (Q3) 2025 report, where the first nine
months of 2025 reflect continued growth and strong cash flow performance.

Rental income (MEUR 6.9) increased significantly compared to the same period
last year (MEUR 6.2), driven by new cash flows from recently completed
developments. EBITDA (MEUR 4.9) grew by almost 8%, and Income From Property
Management (MEUR 2.6) rose by more than 40% year-on-year, supported by lower
financing costs.

We are expanding our portfolio in line with our investment strategy, backed by a
solid balance sheet and active asset management. Our focus remains on completing
key developments, sourcing new acquisitions, and pursuing M&A opportunities,
while maintaining long-term value creation and dividend capacity in a region
that continues to demonstrate economic growth and resilience.

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

659710_2025-11-14 Quarterly report Q3-2025 - BALT.pdf