NEXTENSA ACHIEVES SOLID RESULTS IN Q3

Core Insights - Nextensa achieved solid results in Q3 2025, with a significant increase in net profit driven by development activities, lower financing costs, and a strengthened balance sheet [1] - The company completed three significant transactions in Q3 2025, reducing its debt ratio to 38.26%, which enhances its capacity for future sustainable urban development projects [1] Investment Properties - Rental income (like-for-like) increased by 5.67% during the first nine months of 2025, attributed to strong performance at the Tour & Taxis site and contributions from major renovations like Moonar in Luxembourg [2] - Net rental income decreased by 18% compared to the same period last year due to property sales completed in 2024 and 2025 [2] Development Projects - The performance of development projects remains consistent with the previous year, with 96% of the apartments in the second phase of the Park Lane residential project sold or reserved [3] - The Stairs project in Cloche d'Or is progressing on schedule, with residential sales gaining momentum [4] - A nine-year lease agreement was signed for the Terraces office building with a major financial institution, with construction expected to commence shortly [4] Sales Transactions - Nextensa sold its entire 8.99% stake in the Belgian REIT Retail Estates for proceeds of €89.6 million on August 28, 2025 [5] - The company sold 100% of Monteco BV for €28 million on September 17, 2025 [5] - A retail property in Ingeldorf, Luxembourg, was sold to the State of Luxembourg for €19.6 million on September 29, 2025 [5] Financial Performance - The net result (Group share) for Q3 2025 amounted to €35.2 million, or €3.48 per dividend-entitled share, compared to €20.9 million or €2.70 per share at the end of Q3 2024 [6] - The average cost of financing decreased from 2.86% to 2.79%, supported by an interest rate hedging strategy and a reduction in the financial debt ratio [7] Company Overview - Nextensa is a mixed real estate investor and developer with an investment portfolio valued at approximately €1.1 billion as of September 30, 2025, distributed across Luxembourg (31%), Belgium (52%), and Austria (17%) [8] - The company is involved in large-scale urban projects, including a mixed-use district in Tour & Taxis, Brussels, and a major urban expansion project in Cloche d'Or, Luxembourg [9]