Asuntosalkku (ASUNTO) investor relations material

Executive summary

• Strong profitability from Tallinn apartment sales, with realized profits significantly above balance sheet values, boosting owner value.

• Share buybacks at prices well below book value further increased owner value.

• Portfolio consists of carefully selected small apartments in growth centers with high occupancy rates in both Finland and Tallinn.

• Lower interest and financing costs positively impacted results.

• All subsidiary loans extended into the 2030s, improving financial predictability and stability.

Financial highlights

• Revenue for 1.10.2025–31.3.2026 was €9.8 million, flat year-over-year (+0.3%).

• Net rental income was €5.6 million, down 4.0% year-over-year.

• Realized profit from sales was €1.4 million, down 4.6% year-over-year.

• Economic occupancy rate was 96.5% (Finland 97.4%, Tallinn 94.7%).

• Net profit for the period was €0.5 million, a significant improvement from a €3.2 million loss a year earlier.

Outlook and guidance

• Revenue for the full year 2025/26 is expected to be €17.5–20.0 million.

• Realized profit for the year is forecast at €2.5–4.5 million.

• Guidance assumes stable occupancy, continued successful portfolio management in Tallinn, and positive impact from lower reference rates.

• Continued focus on profitable sales and share buybacks to enhance shareholder value.

• Risks include economic uncertainty in Europe, changes in Finnish housing support, market developments in Tallinn and Finland, interest rate changes, and geopolitical risks.