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].