Group 1 - The Kingdom of Denmark is obligated to make a mandatory public takeover offer to the remaining shareholders of Københavns Lufthavne A/S as announced on 30 September 2025 [1] - An offer document has been published by the Ministry of Finance, which has been approved by the Danish Financial Supervisory Authority [1] - The offer document includes an acceptance form in accordance with the Danish Takeover Order [1] Group 2 - The Board of Directors of Københavns Lufthavne A/S will provide a statement regarding the offer by 18 November 2025 [2] - The contact information for the Chairman of the Board of Directors, Lars Nørby Johansen, is provided for further inquiries [2]

Core Points - The Supervisory Board of Eesti Energia has decided to maintain a four-member Management Board starting from January 1, 2026 [1] - The Management Board will include Andrus Durejko as Chairman and CEO, Marlen Tamm as CFO, Lauri Karp as CEO of Enefit Industry AS, and Juhan Aguraiuja as CEO of the new subsidiary Enefit OÜ [2] - Juhan Aguraiuja has a background in leadership roles, including Chairman of the Management Board of Enefit Green since October 2024 and previous positions at Adven Eesti AS and Danpower Eesti AS [3] - Andrus Durejko's contract has been extended for three years, now set to end on March 31, 2029 [3]

Core Insights - REFI Sun, owned by INVL Renewable Energy Fund I, successfully raised over EUR 5 million through a public bond offering aimed at financing renewable energy projects and optimizing its loan portfolio [1][2] - The bonds have a maturity of 2 years and 4 months with an annual yield of 8.5%, and interest payments will be made quarterly [2] - The offering attracted significant interest, with 5,180 bond purchase orders received, resulting in the allocation of 5,000 bonds for EUR 5.08 million [3] Investment Details - The majority of the proceeds (89.5%) were raised in Lithuania, with smaller contributions from Latvia (7.3%) and Estonia (3.2%) [3] - A total of 331 investors participated, with 11.4% being institutional investors and 88.6% retail investors [3] - The bond offering is part of a EUR 25 million bond program approved by the Bank of Lithuania [5] Market Context - The success of the bond offering indicates a growing interest among Baltic investors in renewable energy projects, which are increasingly viewed as a mature investment avenue [4] - The fund is focusing on the Polish and Romanian markets, where it sees significant growth potential, with a total project capacity of 389 MW [6][7] - Investments in Romania and Poland are projected to exceed EUR 250 million, with over EUR 100 million already invested in project acquisition and construction as of October 2025 [7] Fund Overview - INVL Renewable Energy Fund I was established on July 20, 2021, by INVL Asset Management, focusing on early- and mid-stage renewable energy projects in the EU [9] - The fund has raised a total of EUR 93.98 million from investors through investment units and bonds issued by its controlled companies [8]

Core Insights - Amaroq Ltd. has announced significant new gold discoveries in South Greenland, with grades reaching up to 38.7 g/t Au, following its 2025 field exploration program [1][4][10] Exploration Highlights - The 2025 exploration program involved over 540 surface samples collected across 11 licenses, confirming multiple new gold zones and validating historical showings [3][4][5] - High-grade gold was discovered at Q-North Ridge with assays up to 28.6 g/t Au over a 2 km ridge, indicating substantial potential for future ore sourcing for the Nalunaq processing plant [6][9] - A gold-copper system was identified at Isortup Qoorua, with results showing up to 38.7 g/t Au and 1.98% Cu, marking a significant new discovery along the Nanortalik Gold Belt [6][10] - New orogenic gold targets were developed adjacent to the Nalunaq Gold Mine, with results up to 3.58 g/t Au and 0.54% Cu, confirming the potential for future satellite feed [6][9] - Additional discoveries included gold-bearing quartz veins at Tartoq and Ippatit, with grades of up to 3.1 g/t Au and 0.7 g/t Au respectively, and new findings at Grænseland with up to 3.9 g/t Au [6][12][13] Strategic Implications - The exploration results reaffirm the strategic nature of Amaroq's gold portfolio and its ability to build a multi-asset pipeline within one of Greenland's most prospective gold districts [4][8] - The systematic exploration program is yielding tangible discoveries, supporting the company's long-term growth objectives in Greenland [4][8]

Core Insights - OP Pohjola reported an operating profit of EUR 1,715 million for the first nine months of 2025, a decrease of 12% compared to the same period in 2024, but the third quarter showed a record profit of EUR 725 million [3][16][34] - The company has announced a new benefits package for owner-customers, effective from January 2026, which aims to enhance customer engagement and service offerings [6][7][8] Financial Performance - Operating profit decreased by 12% year-on-year to EUR 1,715 million, with total income falling by 7% to EUR 3,393 million [4][34] - Net interest income dropped by 13% to EUR 1,776 million, while net commissions and fees increased by 1% to EUR 602 million [3][35] - The insurance service result surged by 90% to EUR 181 million, contributing positively to the overall performance [3][38] - Total expenses rose by 6% to EUR 1,725 million, leading to a weakened cost/income ratio of 51% [3][19] Segment Performance - Retail Banking's operating profit fell by 31% to EUR 740 million, primarily due to a 17% decrease in net interest income [3][20] - Corporate Banking's operating profit increased by 21% to EUR 454 million, supported by an 8% rise in net interest income [3][20] - The Insurance segment's operating profit decreased by 6% to EUR 429 million, despite a significant increase in the insurance service result [3][20] Capital and Liquidity - The CET1 ratio stood at 21.0%, exceeding the minimum regulatory requirement by 6.7 percentage points, indicating strong capital adequacy [3][21] - OP Pohjola maintained excellent liquidity, with a loan portfolio growing by 2% to EUR 100.2 billion and deposits increasing by 5% to EUR 79.8 billion [3][23][24] Market Environment - The economic outlook has improved following geopolitical tensions, with the euro area experiencing a growth rate of 1.5% in the first half of 2025 [10][11] - Finland's GDP is expected to grow at an average of almost 2% in 2026-2027, supported by rising corporate investments and a recovering construction sector [12][13] Strategic Initiatives - The company is focusing on enhancing its corporate customer business, particularly in SME financing, to stimulate economic growth [27][29] - OP Pohjola is investing in ICT development, including AI capabilities, to improve operational efficiency and customer service [19][32]

Core Insights - Arco Vara AS has appointed Christian Petrov as the new head of its Bulgarian subsidiaries following the departure of Daniel Yordanov [1] - The new manager's primary responsibility is to ensure the smooth continuation of daily operations and support the strategic goal of gradually concluding activities in the Bulgarian market [2] - Christian Petrov brings extensive experience in real estate, particularly in financing and transforming commercial assets into residential developments [3] Company Strategy - Arco Vara AS aims to focus on its core market of real estate development projects in Estonia, while continuing to manage its Bulgarian operations until the exit process is complete [4] - The company will keep investors and the public informed about the progress of negotiations and material developments as they occur [4]

Core Viewpoint - SATO Corporation's interim report for January to September 2025 highlights a challenging rental market with an oversupply, yet the company continues to pursue a profitable growth strategy through acquisitions and maintaining a stable occupancy rate [4][6]. Financial Performance - For the period of January to September 2025, net sales reached EUR 235.5 million, an increase from EUR 227.0 million in the same period of 2024 [5][8]. - Net rental income was EUR 166.2 million, up from EUR 160.5 million year-on-year [5]. - Profit before taxes decreased to EUR 80.3 million from EUR 83.5 million [5]. - The economic occupancy rate was 95.2%, slightly down from 95.4% in the previous year [5][6]. - Earnings per share were EUR 0.76, compared to EUR 0.84 in the same period last year [5]. Investment and Property Management - SATO acquired nearly 1,000 apartments, increasing its total rental homes to nearly 27,000 [4][5]. - Housing investments amounted to EUR 219.4 million, significantly higher than EUR 31.7 million in the same period of 2024 [5][8]. - The average rent per square meter increased to EUR 18.51 from EUR 18.38 year-on-year [6][8]. Market Conditions - The rental market remains competitive, with over 50% of households in major cities like Helsinki, Tampere, and Turku living in rental homes [7]. - The economic uncertainty and high levels of unsold new homes are impacting the construction recovery [12]. - A recent survey indicates a growing appeal for rental housing across all age groups, viewed as a safer and more flexible option in uncertain economic conditions [15]. Sustainability and Recognition - SATO's sustainability management received top recognition in the Global Real Estate Sustainability Benchmark (GRESB), ranking first among over a thousand evaluated European real estate companies [9][7]. Outlook - The economic growth in Finland is projected to be slow, with a forecast of only 0.3% growth for 2025, but expected to improve to 1.3% in 2026 and 1.7% in 2027 [11]. - The imbalance in the rental market is anticipated to be corrected by low newbuild construction rates and urbanization trends [14].

Core Insights - OP Corporate Bank plc reported a significant increase in operating profit by 32% to EUR 442 million compared to EUR 336 million in the same period last year [4] - Total income rose by 9% to EUR 621 million from EUR 568 million year-on-year [4] - The bank's CET1 ratio remained strong at 14.2%, exceeding the minimum regulatory requirement by 5.4 percentage points [4] Financial Performance - Operating profit for Corporate Banking and Capital Markets increased by 24% to EUR 268 million [4] - Asset and Sales Finance Services and Payment Transfers segment's operating profit grew by 23% to EUR 152 million [4] - The Baltics segment's operating profit decreased to EUR 29 million from EUR 31 million [4] Income and Expenses - Net interest income increased by 10% to EUR 427 million [4] - Total operating expenses remained stable at EUR 218 million compared to EUR 217 million last year [4] - The cost/income ratio improved to 35% from 38% [5] Loan and Deposit Portfolio - The loan portfolio grew by 4.3% to EUR 28.7 billion [5] - The deposit portfolio decreased by 1.0% year-on-year to EUR 16.1 billion [4][5] Impairment and Risk Management - Impairment loss on receivables reversed amounted to EUR 39 million, compared to EUR 15 million a year ago [4] - The ratio of non-performing exposures to total exposures improved to 1.3% from 2.0% [5] Outlook and Economic Environment - Economic confidence has increased, but higher tariffs may negatively impact the economic outlook [7] - The bank's earnings performance is subject to uncertainties related to the business environment and investment conditions [9]

Core Points - The company, Elis, disclosed the purchase of its own shares on October 24, 2025, as part of its buyback program authorized by the General Shareholders' Meeting on May 22, 2025 [2] - A total of 3,047 shares were acquired at a weighted average price of €24.76 per share [2] - The purpose of the share buyback is to cover maturing performance share plans and allocate free shares to employees under the Elis for All 2025 international employee shareholding plan, as well as to cancel shares in accordance with the resolution from the Combined General Meeting [2]

Financial Reporting Schedule - OP Pohjola, OP Corporate Bank plc, and OP Mortgage Bank will publish their financial reports for the year 2025 and the first three quarters of 2026 on specific dates throughout 2026, with the Financial Statements Bulletin for 2025 scheduled for 11 February 2026 [1] - The interim reports and half-year financial reports will be available on the OP Pohjola website in Finnish, Swedish, and English, with publication times set at approximately 9 am for OP Pohjola and OP Corporate Bank plc, and 10 am for OP Mortgage Bank [1][2] Corporate Governance and Sustainability - OP Pohjola will publish a Corporate Governance Statement, a Remuneration Report, and an Annual Review that supplements its Report by the Board of Directors and Financial Statements, which will include a sustainability report in accordance with the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards [3] - OP Corporate Bank plc and OP Mortgage Bank will also publish their Corporate Governance Statements in connection with their Reports by the Board of Directors and Financial Statements [4]