Eurocastle Releases First Half 2025 Financial Results, 2025 AGM Results and PDMR Dealing Notification

Core Viewpoint - Eurocastle Investment Limited has released its financial results for the first half of 2025, highlighting a significant increase in its Adjusted Net Asset Value (NAV) and the successful launch of its new investment strategy focused on Southern Europe real estate [2][4]. Financial Performance - The Adjusted NAV as of June 30, 2025, is €15.2 million, or €15.19 per share, an increase of €3.76 per share from €11.43 per share in Q1 2025 [4][24]. - The IFRS NAV is reported at €21.2 million, or €21.19 per share, down from €22.01 per share in Q1 2025 [4][24]. - The company has net corporate cash of €15.2 million available for investments under its new strategy [5]. New Investment Strategy - Eurocastle launched the European Properties Investment Fund (EPIF) in 2024, targeting small to mid-size real estate assets in Southern Europe [6][21]. - By the end of June 2025, EPIF had secured over €61 million in capital commitments, with an additional €25 million raised in July 2025 [7][10]. - The fund has made two commercial real estate investments in Athens, Greece, focusing on distressed assets with strong value-creation potential [9][10]. Business Updates - The EPIF reported a NAV of €8.3 million by June 30, 2025, reflecting an 8% increase relative to the capital called [10]. - Eurocastle's subsidiaries are entitled to management and incentive fees from third-party investors, enhancing revenue potential [8]. - The company has an active pipeline of investment opportunities exceeding €50 million [12]. AGM Results - All resolutions presented at the 2025 Annual General Meeting were approved, indicating shareholder support for the company's strategic direction [17]. - The company issued 1,000 ordinary shares to each of its three independent directors as part of their compensation arrangements [18].