Baltic Horizon Fund publishes its NAV for December 2025

Group 1 - The net asset value (NAV) per unit of the Baltic Horizon Fund increased to EUR 0.5451 at the end of December 2025, up from EUR 0.5446 as of 30 November 2025 [1] - The total net asset value of the Fund remained stable at EUR 78.2 million as of the end of December 2025, unchanged from the previous month [1] - The Fund generated consolidated net rental income of EUR 1.0 million in December 2025, consistent with November 2025, and achieved a total of EUR 11.7 million for the year [1] Group 2 - As of the end of December 2025, the Fund's consolidated cash and cash equivalents were EUR 5.4 million, down from EUR 5.7 million at the end of November 2025, with EUR 4.0 million restricted under credit agreements [2] - The total consolidated assets of the Fund were EUR 216.6 million at the end of December 2025, slightly decreasing from EUR 217.2 million in November 2025 [2] - The valuation of investment properties was confirmed at EUR 208.7 million by independent valuators, although there is uncertainty regarding the business continuity of the anchor tenant in Riga, indicating a downside risk [2] Group 3 - The Fund is currently meeting all financial covenants under credit agreements or has obtained waivers, except for three Latvian property loans, which are expected to be prolonged in Q1 2026 [3] - The Fund anticipates falling short of the requirement to maintain a consolidated equity ratio of at least 37.5% as per bond terms, with a report scheduled for release on 17 February 2026 [3] - Management will decide on the offering of new units by the time of the preliminary consolidated financial statements release, as mandated by unitholders in December 2025 [3]