Core Viewpoint - Eurocastle Investment Limited has released its annual financial results for the year ended December 31, 2025, highlighting a significant increase in its NAV and the successful execution of its New Investment Strategy, which focuses on opportunistic real estate investments in Southern Europe [2][4]. Financial Performance - The company's NAV as of December 31, 2025, is €20.60 million, or €20.51 per share, an increase from €15.01 per share in Q3 2025 and €11.34 per share at the end of 2024, due to the release of all remaining Additional Reserves [4][6]. - Total income for FY 2025 was €935,000, with a net loss of €1.48 million, compared to a profit of €346,000 in FY 2024 [15]. Investment Strategy - Eurocastle's New Investment Strategy has secured €81.3 million in capital commitments for the EPIF, with over €71 million raised during 2025, leading to a dilution of the company's interest in EPIF to approximately 10% [6][7]. - The Fund has invested €18.7 million in three investments, with a NAV of €21.7 million reported at year-end 2025, reflecting a 26% increase in the value of Eurocastle's interest in EPIF compared to its net capital invested [7][8]. Legacy German Tax Matter - The company has paid a net amount of €3.7 million related to the Legacy German Tax Matter, with a corresponding tax asset of €4.1 million at year-end 2025 [9][10]. - The remaining potential exposure on this matter is estimated at €2.5 million, with ongoing tax audits for the years 2013 to 2015 [9][16]. Additional Reserves - In 2025, the Board approved the release of all Additional Reserves, reflecting the company's strengthened financial position and future prospects [14][22]. Shareholder Information - As of December 31, 2025, the company had 1,004,555 ordinary shares outstanding, with a significant portion of its net corporate cash amounting to €14.0 million available for further investments [3][21].

Core Insights - Eurocastle Investment Limited has released its interim management statement for Q3 2025, highlighting a shift in its investment strategy and financial performance [2][4]. Financial Performance - As of 30 September 2025, the Adjusted NAV is €15.1 million, or €15.01 per share, down from €15.2 million, or €15.19 per share in Q2 2025 [4]. - The pro forma Q3 NAV, after the release of reserves, is €20.3 million, or €20.20 per share [4]. - The company reported a loss of €111,000 for Q3 2025, equating to €0.11 per share, compared to a loss of €975,000 for the first nine months of 2025 [17]. Investment Strategy - Eurocastle launched a new investment strategy in 2024 through the European Properties Investment Fund (EPIF), focusing on acquiring small to mid-size real estate assets in Southern Europe [7][20]. - By the end of September 2025, EPIF had received over €61 million in capital commitments, with an additional €20 million raised in November 2025, totaling over €81 million [8]. - EPIF has invested €18.7 million in three investments, with a reported NAV of €19.9 million, reflecting a 4% increase relative to the capital called [9]. Business Updates - The company has released all reserves related to the legacy German tax matter, simplifying its financial reporting to a single IFRS-based NAV [4][11]. - Eurocastle's investment portfolio includes two commercial properties in Athens, Greece, and a significant interest in a portfolio of Italian real estate assets [13]. Board Changes - Mr. Constantine (Dean) Michael Dakolias retired as a non-independent director, and Mr. Alex Gillette has been appointed as a new non-independent director [14][15].

Core Viewpoint - Eurocastle Investment Limited has released its financial results for the first half of 2025, highlighting a significant increase in its Adjusted Net Asset Value (NAV) and the successful launch of its new investment strategy focused on Southern Europe real estate [2][4]. Financial Performance - The Adjusted NAV as of June 30, 2025, is €15.2 million, or €15.19 per share, an increase of €3.76 per share from €11.43 per share in Q1 2025 [4][24]. - The IFRS NAV is reported at €21.2 million, or €21.19 per share, down from €22.01 per share in Q1 2025 [4][24]. - The company has net corporate cash of €15.2 million available for investments under its new strategy [5]. New Investment Strategy - Eurocastle launched the European Properties Investment Fund (EPIF) in 2024, targeting small to mid-size real estate assets in Southern Europe [6][21]. - By the end of June 2025, EPIF had secured over €61 million in capital commitments, with an additional €25 million raised in July 2025 [7][10]. - The fund has made two commercial real estate investments in Athens, Greece, focusing on distressed assets with strong value-creation potential [9][10]. Business Updates - The EPIF reported a NAV of €8.3 million by June 30, 2025, reflecting an 8% increase relative to the capital called [10]. - Eurocastle's subsidiaries are entitled to management and incentive fees from third-party investors, enhancing revenue potential [8]. - The company has an active pipeline of investment opportunities exceeding €50 million [12]. AGM Results - All resolutions presented at the 2025 Annual General Meeting were approved, indicating shareholder support for the company's strategic direction [17]. - The company issued 1,000 ordinary shares to each of its three independent directors as part of their compensation arrangements [18].