Neinor Homes (“Neinor”), Spain's leading listed residential developer announces the launch of a share buyback program of up to 3 million shares, representing an investment of up to c.€50 million.

Group 1 - Neinor Homes has announced a share buyback program of up to 3 million shares, representing an investment of approximately €50 million [1] - The buyback program aims to meet obligations from share-based remuneration plans and to reduce share capital through the cancellation of treasury shares, thereby enhancing shareholder remuneration and earnings per share [2] - The initiative is part of a larger €500 million shareholder remuneration plan for the 2026–2027 period, with €250 million allocated per year, of which €92 million has already been distributed to shareholders [2][4] Group 2 - CEO Borja García-Egotxeaga highlighted that geopolitical factors are influencing capital flows, while the structural undersupply of housing in Spain is worsening, indicating a long-term opportunity for the company [3] - The company has previously navigated challenges such as supply chain issues during COVID-19 and inflation due to energy costs, demonstrating resilience and a focus on generating long-term shareholder value [3] - Deputy CEO and CFO Jordi Argemí emphasized the company's strong balance sheet, which supports continued growth and execution without compromising the development pipeline [4]