abrdn European Logistics Income (ASLI) investor relations material

Executive summary

• The company is in a managed wind-down, aiming to realise all portfolio assets, repay borrowings, and return capital to shareholders while maximising value on disposals.

• By early August, 17 of the original 27 assets had been sold, generating over €320 million in gross sales proceeds.

• Shareholders have received 29p per Ordinary share via B Share distributions, with further returns expected as remaining assets are sold.

• The wind-down is progressing in line with value expectations, though some assets may sell below valuation due to market conditions.

Financial highlights

• Net asset value (NAV) per share as of 30 June 2025 was 81.2 euro cents, down from 90.8 euro cents at 31 December 2024.

• NAV total return for the half year was -3.4% in euro terms; share price total return was 16.2% in GBP.

• IFRS net asset value was €334.6 million, with total assets of €590.0 million.

• IFRS earnings per share for the half year were -2.8 cents, compared to 0.7 cents for the previous year.

• Ordinary dividend paid per share during the half year was 2.03 cents.

Outlook and guidance

• ECB rate cuts and stable Eurozone inflation are expected to support a more favourable financing environment.

• Logistics yields are expected to compress into 2026, with resilient occupier demand and constrained supply.

• The Board remains committed to completing sales and liquidating the company by Q2 2026.