Jeudan (JDAN) investor relations material

Executive summary

• Revenue grew 4% year-over-year to DKK 914 million in H1 2026, driven by investment properties.

• EBIT increased 7% to DKK 569 million, and EBVAT rose 5% to DKK 303 million compared to H1 2025.

• Net profit was DKK 504 million, in line with the previous year.

• Property value adjustments contributed DKK 517 million, reflecting improved net results and stable portfolio yield.

• New property acquisitions in Copenhagen and Frederiksberg totaled DKK 278 million.

Financial highlights

• EBITDA reached DKK 578 million, up from DKK 542 million year-over-year.

• Net financial expenses increased to DKK -266 million due to expanded business volume.

• Negative fair value adjustment of financial liabilities was DKK 169 million, offset by positive adjustments post-June 30, resulting in a year-to-date positive effect of DKK 60 million.

• Equity at June 30, 2026, was DKK 13.4 billion, up from DKK 12.6 billion a year earlier.

• Cash flow from operations was DKK 205 million, with total liquidity reserves of DKK 2 billion.

Outlook and guidance

• Full-year 2026 revenue growth expected at 4-7%, with EBIT guidance of DKK 1,100-1,200 million.

• Continued focus on value creation through customer-centric improvements and operational efficiency.

• Ongoing search for profitable investments in prime office properties in Copenhagen and Frederiksberg.