One United Properties (ONE) investor relations material

Executive summary

• Achieved record performance for the first nine months of 2025, with consolidated turnover up 15% to nearly RON 1.2 billion, driven by strong residential property sales and higher average sales prices per sqm.

• Net profit increased 18% year-over-year to RON 353.2 million, with a 31% surge in net income from residential property and improved net margin to 36.9%.

• 467 apartments and commercial units were sold/pre-sold for EUR 137.7 million; 82% of available apartments were sold out as of September 30, 2025.

• Commercial segment progressing with three major assets to be delivered in 2026, including One Gallery, One Technology District, and Mondrian Hotel.

• Residential segment saw 2,667 units completed and 3,818 under construction, with nearly 3,000 units to be delivered in the next 12 months.

Financial highlights

• Revenues from residential sales grew 19% year-over-year to RON 975.7 million; rental income rose 6% to RON 120.4 million.

• Gross profit increased 21% to RON 426 million; EBITDA was RON 475.2 million (+22% YoY).

• Administrative expenses decreased 16% to RON 45.5 million due to cost optimization.

• Total assets increased 11% to RON 6.1 billion; cash position at RON 398.2 million, down 8% due to construction activity.

• Gross loan-to-value ratio rose to 31%; net debt at RON 837.2 million, 14% of total assets.

Outlook and guidance

• Maintained 2025 net profit guidance of RON 393.5 million, with management emphasizing a conservative approach.

• Management targets 2025 turnover of RON 1.55 billion.

• Expecting a record year for cash inflows in 2026 due to high volume of residential deliveries.

• New pre-sales launches at One Academy Club, One City Club, and One Park Lane are planned for the coming months.

• No specific issues anticipated for Q4; further gains from investment property possible.