• Contribution in kind of 23 per cent of the shares in Fabege AB transferred during the quarter
• Net LTV reduced from 51 per cent as of Q3 to 38.5 per cent
• Net profit for the fourth quarter amounted to NOK 3,720 million corresponding to earnings per share (EPS) of NOK 4.93. For the full year 2025, net profit totalled NOK 4,473 million equivalent to NOK 6.48 per share. The profit includes a positive impact of NOK 3,195 million from a gain in connection with the takeover of the shares in Fabege AB
• The quarter recorded a positive fair value adjustment of investment properties of NOK 6 million, and property values have increased by 5.9 per cent since the first quarter of 2024
• Nordr (JV where NPRO owns 42.5 per cent) divests its Swedish operations in the first quarter of 2026
• Sales have commenced for the residential development project Fabel Forus, a JV with Base Bolig
• EPRA NRV amounts to NOK 22.42 per share

Haavard Rønning, Acting CEO, says about the quarter:

"2025 has been a year in which the company has entered into several important lease agreements, initiated and approved several key refurbishment projects, and further improved its operational performance. In the fourth quarter, the company significantly strengthened its equity through the contribution in kind of Fabege shares. This positions the company well for long-term value creation. It is also encouraging to observe the accelerating housing market in Stavanger. We have experienced a strong sales start for the residential project Fabel in Stavanger. With increased activity at Forus, further supported by Equinor's decision to upgrade and extend the lease on the neighbouring property, we remain positive regarding the continued development of the project."

For further information, please contact:
Haavard Rønning, Acting CEO and CFO, mob. +47 400 200 19, e-mail: [email protected]

This information is subject of the disclosure requirements according to §5-12 of the Norwegian Securities Trading Act ('Verdipapirhandelloven').