Core Insights - The Baltic Horizon Fund's net asset value (NAV) per unit decreased to EUR 0.6773 at the end of September 2025, down from EUR 0.6784 at the end of August 2025 [1] - The total net asset value of the Fund at month-end was EUR 97.2 million, a slight decrease from EUR 97.4 million in August 2025 [1] - The EPRA NRV as of September 30, 2025, was EUR 0.7224 per unit [1] Financial Performance - In September 2025, the Fund generated consolidated net rental income of EUR 1.0 million, down from EUR 1.1 million in August 2025 [2] - A EUR 0.5 million allowance for bad debts was recorded as part of a conservative debtor risk management approach, representing a one-time, non-cash provision [2] - Management successfully retrieved EUR 0.3 million of outstanding debts during September and expects no additional material bad debt provisions by year-end [2] Asset Management - As of the end of September 2025, the Fund's consolidated cash and cash equivalents amounted to EUR 6.0 million, an increase from EUR 5.8 million at the end of August 2025 [3] - The total consolidated assets of the Fund were EUR 237.7 million at the end of September 2025, down from EUR 238.2 million in August 2025 [3]

Group 1: Fund Performance - The net asset value (NAV) per unit of the Baltic Horizon Fund decreased to EUR 0.6769 at the end of March 2025, down from EUR 0.6826 as of 28 February 2025 [1] - The total net asset value of the Fund at month-end was EUR 97.2 million, a decrease from EUR 98.0 million as of 28 February 2025 [1] - The EPRA NRV as of 31 March 2025 was EUR 0.7209 per unit [1] - The consolidated net rental income of the Fund remained stable at EUR 1.0 million for both March and February 2025 [1] Group 2: Financial Position - The Fund's consolidated cash and cash equivalents increased to EUR 12.8 million at the end of March 2025, up from EUR 8.3 million as of 28 February 2025 [2] - Total consolidated assets of the Fund were EUR 243.2 million as of 31 March 2025, down from EUR 255.0 million as of 28 February 2025 [2] Group 3: Asset Disposal - On 13 March 2025, the Fund sold the Meraki office building, with proceeds used to repay an outstanding loan of EUR 10.3 million and to repay EUR 3 million of bonds early [3] - The remaining proceeds from the sale will be allocated for investments into existing properties [3]