Neinor Homes (HOME) AGM 2025 summary

Opening remarks and agenda

• The meeting was convened with a notary present to notarize the minutes, and the presiding committee was constituted in accordance with company bylaws.

• The agenda included business performance, corporate governance, shareholder interventions, and voting on 16 resolutions.

• Shareholders were informed of their rights to request information, make proposals, and vote on agenda items.

Financial performance review

• Exceeded business plan forecasts and completed a major transaction, acquiring full management of Habitat Inmobiliaria assets and a 10% stake.

• Delivered over 2,000 homes in 2024, achieving EBITDA above EUR 100 million and adjusted net profit of EUR 65 million over five years.

• Cumulative delivery of over 13,000 homes, with EBITDA and net profit exceeding forecasts by 10% and 18%, respectively.

• Ended 2024 with conservative debt below 16% of asset value and a strong land bank for over 23,000 homes.

• Asset management business volume reached EUR 1.1 billion, managing more than 11,000 units.

Dividend announcements

• Distributed EUR 200 million in dividends based on 2024 results, with EUR 125 million executed in Q1 2025.

• On track to distribute EUR 600 million in dividends during 2023-2027, offering the most profitable dividends per share among Spanish listed companies.