Net asset value of the EfTEN United Property Fund as of 31.12.2025

Financial Performance - EfTEN United Property Fund achieved a net profit of 3.57 million euros in 2025, a 2.2 times increase compared to 1.62 million euros in 2024, representing 14% of the fund's invested capital and approximately 17% of its market capitalization [1] - The fund's income rose from 1.82 million euros in 2024 to 3.78 million euros in 2025, with distributions to investors exceeding 9% of the market capitalization [1] Key Developments - The improved profitability was primarily driven by the Uus-Järveküla residential development and the investment in the Kristiine shopping centre, with all completed semi-detached and terraced houses sold by the end of 2025 [2] - The Kristiine shopping centre saw a 0.4% increase in visitors to 6 million and a 5.4% increase in tenant turnover, with net rental income exceeding the projected budget by 4% and an occupancy rate of 100% [2] Monthly Performance - In December, the fund's monthly profit surpassed 1 million euros for the first time, reaching 1.12 million euros, largely due to the valuation of the Uus-Järveküla development [3] - The net asset value (NAV) of the EfTEN United Property Fund unit was 11.76 euros at the end of December, reflecting a 4.0% monthly increase [3] Future Outlook - EfTEN United Property Fund plans to publish its unaudited 2025 results on February 2 and will inform investors about planned distributions for 2026 [4]