Group 1 - The net asset value (NAV) of EfTEN United Property Fund units was 11.24 euros at the end of July, reflecting a month-on-month increase of 0.6% [1] - The fund reported a net profit of 166 thousand euros in July and a total of 1.846 million euros in net profit for the first seven months of 2025, compared to 447 thousand euros in the same period last year [1] - If the investment in EfTEN Real Estate Fund AS shares were recorded at book value, the NAV would be 11.33 euros, indicating a 0.8% month-on-month increase [1] Group 2 - The largest profit of 88 thousand euros in July was generated from the investment in EfTEN Real Estate Fund 5, which saw a net asset value increase of 0.7% month-on-month [2] - The growth of EfTEN Real Estate Fund 5 was primarily supported by EfTEN Kristiine OÜ, which owns the Kristiine shopping center, with its equity value rising by 1.2% month-on-month [2] Group 3 - Invego Uus-Järveküla OÜ, where the fund holds an 80% ownership, completed two terraced houses in the third development stage, generating a profit of 52 thousand euros [3] - The fund also earned 38 thousand euros in interest from its investment in Invego Uus-Järveküla OÜ [3] Group 4 - At the beginning of August, Invego Uus-Järveküla OÜ distributed 1.2 million euros to the fund, which included 126 thousand euros in accrued interest and the remainder as principal repayment [4] - The fund plans to distribute the received interest along with funds from EfTEN Real Estate Fund 5 to investors at the beginning of the fourth quarter of 2025 [4]

Core Insights - Ringkjøbing Landbobank reported core earnings of DKK 1,580 million and a net profit of DKK 1,191 million for the first half of 2025, reflecting a 21% annual return on equity [1][4] - The bank's core income increased by 2% to DKK 2,090 million compared to the same period in 2024 [4] - The net profit per share rose by 6% to DKK 47.9 in the first half of 2025 [4] Financial Performance - Total core income for H1 2025 was DKK 2,090 million, up from DKK 2,051 million in H1 2024 [2] - Total expenses and depreciation increased to DKK 534 million from DKK 508 million in the previous year [2] - Core earnings before impairment charges were DKK 1,556 million, slightly up from DKK 1,543 million in H1 2024 [2] Impairment and Credit Quality - Impairment charges for loans were DKK 24 million, indicating strong credit quality, with no impairment charges recorded in Q2 2025 [4] - The bank's continued strong credit quality is highlighted by the low impairment charges [4] Customer Growth and Awards - The bank experienced a 9% growth in loans and an 8% increase in deposits, alongside a highly satisfactory increase in customer numbers [4] - Ringkjøbing Landbobank received the Financial Institution of the Year award for the 10th consecutive year in Q2 2025 [4] Future Outlook - The expectations for net profit for the full year 2025 have been adjusted upward to a range of DKK 2.0 - 2.35 billion [4]