Genova Property Group AB (publ)

2025 was a very good and eventful year for Genova. We were able to focus and work further on the established strategy that we have. We have managed to carry out a number of good and attractive transactions in combination with the fact that we have continued to work with optimizing our capital structure. This, in turn, has led to continued high profitability, We are making a good profit both in revenue per share and we continue to grow our substance value. The revenue per share during this year is up 20%, which feels positive, and the substance value is growing by almost 9%. So overall, a very good year for Genova. Against the background of a strong 2025, the board proposes an increased share per share. Genova has a business model that combines stable cash flows within our permanent administration in combination with value-generating development. This has resulted in high profitability for many years and is an important condition in how we drive the business forward. Within the administration in 2025, we have a positive and good year ahead of us. We continue to strengthen our net of operations. This, in combination with our portfolio of stable tenants, creates great opportunities for us in the future. The degree of expansion during the year has not changed. We continue to increase the duration and we are happy to have filled the portfolio with nearly 600 million with good properties in Stockholm. A big and important part of Genova's value creation comes from the part that works with development. Historically, we have been working on developing detailed plans, either to implement them ourselves or to highlight them. The joy during 2025 was that we announced a larger real estate project with two properties in Knivsta for 875 million. It is a business that we have taken from start to finish and then announced to a larger institutional investor, which strengthens the balance sheet and frees liquidity. What we are working on now, and which is an important project that will come in 2026, is the work we are doing in Upplandsbyrå, where we are developing a completely new part of the city, with both schools, food stores and housing. A work that is moving forward and feels very positive. By continuing to work with this, we will continue to actively drive detail plans. We see opportunities to create significant value by working with these parts. This will contribute to both high profitability and significant liquidity in the future. 2025 has been an active year, even on the financing side. We continue to work with optimizing the capital structure, improving, constantly working towards lowering the average interest rate and also removing some capital instruments that we have found that have been profitable in order to basically increase profitable shares for our shareholders. We have resulted in the work that we have done a lot of different capital market transactions. We also have a sustainability link of almost 2.8 billion in new financing. And we see a financing market that is essentially much better, which creates great conditions by both lowering interest rates and increasing profit per share. Genova stands strong when we look at what we have in front of us in 2006. We have seen that the market has improved, both the financing market, but above all we see a higher activity in the real estate market. This creates good conditions. We have an incredibly good, stable and strong platform with the organization we have, which creates significant opportunities for us to both create growth and additional profitability in what we do. And I think With what we leave behind in 2025, when we look into 2026, I see very positive developments for Genova.