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Wihlborgs Fastigheter

Interim Report Jul 7, 2025

2995_ir_2025-07-07_493958d0-f850-4d07-b568-42972264c7be.pdf

Interim Report

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Interim report January – June 2025

Record quarter and growing results under the period

Rental income increased 3 percent to SEK 2,142 million (2,072)

Operating surplus increased 4 percent to SEK 1,544 million (1,482)

Income from property management increased 12 percent to SEK 987 million (884)

Profit for the period amounted to SEK 883 million (698), corresponding to earnings per share* of SEK 2.87 (2.27)

In 12 months EPRA NRV per share has increased by 10 percent to 94.35 kr (88.74) adjusted for dividend of SEK 3.20 per share

*) Earnings per share are the same before and after dilution.

Kajutan 1, Malmö

This is Wihlborgs

Wihlborgs is the leading property company in the Öresund region. Over 50,000 people have their workplace at one of our premises.

People in Malmö, Lund, Helsingborg and Copenhagen all meet in city spaces designed by us. We are also present in associations, social forums and board rooms to be part of the development of the Öresund region. We are a region-builder and a relations-builder.

The book value of the company's properties totals SEK 63 billion, representing an annual rental value of SEK 4.8 billion. Wihlborgs' shares are listed on the Large Cap List of Nasdaq Stockholm.

Our vision

In the meeting with us, ambitions become reality.

Our business concept

Wihlborgs specialises in efficient sub-markets in the Öresund region, where we own, manage in-house and develop commercial properties, thereby enabling tenants to grow and develop.

Our business model

We work continuously to improve our property portfolio by refining and developing existing properties, implementing new projects and acquiring and selling properties. With good results, we enable value growth and dividends to shareholders.

Our sustainability framework

Wihlborgs is to ensure the company's and region's long-term sustainable development. Our focus is on committed employees, responsible business, sustainable properties and commitment to the region and its community.

Property value, SEK billion

62.7

Rental income, SEK million Jan-June

Operating surplus, SEK million Jan-June

1,544

Income property management, SEK million Jan-June

Content

CEO's comments 4
Market comments 5
Income, expenses and profit 6
Assets 8
Sustainable business 14
Liabilities and equity 16
Financial reports 19
Key figures 23
Definitions 26
Calendar 27
Contact 28

January – June 2025

Group key figures, SEK m 2025 2024 2024/2025 2024
Jan-Jun Jan-Jun Jul-Jun Jan–Dec
Rental income 2,142 2,072 4,244 4,174
Operating surplus 1,544 1,482 3,058 2,996
Income property management 987 884 1,884 1,781
Changes in value of properties 312 -31 928 585
Changes in value of derivatives -122 74 -332 -136
Result for the period 883 698 1,891 1,706
Earnings per share, SEK* 2.87 2.27 6.15 5.55
Surplus ratio, % 72 72 72 72
Equity/assets ratio, % 35.8 37.6 35.8 38.1
Occupancy rate, %** 90 93 90 91
EPRA NRV per share, SEK 94.35 88.74 94.35 93.58
Environmental certifications, % of floor area, office Sweden 93 85 93 90
Energy use, kwh/m2
Atemp weather normalized
42.5 45.4 77.1 80.0

*) Earnings per share are the same before and after dilution.

**) At the end of the period, excluding projects and land.

Financial targets

Target Outcome January-June 2025
A return on equity that exceeds the risk-free interest rate* by not less than six
percentage points, which for the beginning of 2025 corresponds to 8.19 percent
7.6
An equity/assets ratio of no less than 30 percent 35.8
An interest coverage ratio of no less than 2.0 times 2.8
The loan-to-value ratio is not to exceed 60 percent 53.0

*) Risk-free interest rate is defined as the interest rate for a 5-year Swedish government bond.

Record quarter powered by 20 years of development

In a weak economic climate and a world marked by geopolitical uncertainty, Wihlborgs can once again report a strong quarter and a number of new records:

  • Rental income increased 6 percent in the quarter to SEK 1,097 million.
  • Operating surplus increased 6 percent to SEK 813 million.
  • Income from property management increased 14 percent to SEK 524 million.
  • Property value of SEK 62,7 billion.
  • Acquisition totalling SEK 2,425 million in property value.
  • Dividend of SEK 3.20 per share.

These records reflect not only the strength of our business, but also our organisation's ability to create long-term value.

Net lettings for the quarter amounted to SEK +24 million, which makes this the 41st quarter in a row with positive net lettings. It is worth highlighting the agreement signed with Per Aarsleff A/S in April for 24,000 square metres in the Ejby Industrivej 41 property in Glostrup. We are now gradually filling this large property with tenants and it has potential for further development.

Compared with previously, we are noting generally higher activity in the Copenhagen lettings market. In Sweden, the economy is weaker, and market rents continue to rise, which is evident from the 2.1 percent increase in rental value in like-forlike portfolios, which is slightly above the indexation level. The trend for tenants to demand locations with good transport links and high standard continues, and the willingness to pay for quality and content remains.

Foundations in place for continued stable growth

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Naturally, the eight properties we acquired in April also impacted the second quarter with the addition of 51,000 square metres of high-quality lettable area in good locations. The acquisition also included 82,000 square metres of developable land in Lund, putting us in a favourable position for future growth there. The transaction's property value totalled SEK 2,425 million, making it our largest acquisition to date.

We are continuing to invest heavily in our own project development, with several properties set for completion in the second half of 2025 (Galoppen 1, Kranen 4, Sunnanå 12:54 and Börshuset 1) and even more in the first quarter of 2026. Foundations are in place for continued growth.

Following completed acquisitions and the paid dividend in the second quarter, the loan-to-value ratio increased to 53 percent, which remains well within our internally established framework. We expect the ratio to decrease over the coming quarters by virtue of our earnings. Net debt in relation to operating profit remains robust at a multiple of 10.1. We have healthy access to capital and expanded our bank facilities during the quarter at significantly lower margins than previous years. Currently, attractive financing is also available in the bond market.

Concrete outcomes and long-term direction

Working with sustainability can be seen as a marathon, where many small steps eventually yield results. Since acquiring the Värdshuset 2 property in Hyllie, Malmö one year ago, we have managed to reduce electricity consumption 22 percent without any major investments thanks to the technical expertise of our employees. In Swedish operations, our "Janne solutions" have

reduced our total need for district heating 6 percent while concurrently reducing our the need for peak capacity. In addition to this day-to-day work, I would also like to mention the carbon reduction certificate purchasing agreement that we signed with Öresundskraft, which will in turn invest in a Carbon Capture and Storage facility in Helsingborg. This is how we want to participate in a future solution to the climate challenges facing our industry.

A good performance measured over time was also the theme as Wihlborgs celebrated 20 years as a listed company in May. Over these two decades, we have invested SEK 20 billion in our project activities, completed net property acquisitions totalling SEK 14 billion, distributed SEK 9 billion to our shareholders and posted annual earnings growth of almost 10 percent. The total share return, including reinvested dividends, amounted to 1,735 percent, corresponding to annual growth of more than 15 percent and the value of our real estate portfolio increased almost ninefold.

"The trend for tenants to demand locations with good transport links and high standard continues, and the willingness to pay for quality and content remains."

We are proud of these results and they were given extra focus on our "birthday" on 23 May. That aside, what we are most committed to is the future, and we face many important tasks ahead. Small- and large-scale efforts continue to leverage the potential of the interplay between Sweden and Denmark. Our volume continues to grow while our success largely relies on a persistent commitment to each individual aspect. Success will not be the result of individual revolutions but rather a number of balanced puzzle pieces that together create a robust and sustainable business. The Öresund region – Sweden's entrance to Europe – continues to attract investments, expertise and business establishments. This will form the foundation for our growth over the next two decades.

Ulrika Hallengren, vd

CEO´s comments Market comments t Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Market comments

The global environment is characterised by increased uncertainty with continued turbulence in the Middle East and increasingly protectionist US trade policies, which restrain growth opportunities and negatively impact Sweden's economy. The latest economic report from the Swedish National Institute of Economic Research states that while investments have fallen, particularly for the service and construction sectors, lower financing costs and temporarily raised deductions for repair, conversion or extension (ROT) projects are creating preconditions for a gradual recovery. Unemployment is high at 8.8 percent and is not expected to sink until 2026, when it is forecast to decline to 8.4 percent.

Statistics Sweden's labour force survey on employment based on location of place of work illustrates that, in July 2024, employment levels peaked both for Skåne and for the nation as a whole. Thereafter, employment has fallen nationally as well as in Skåne, Malmö, Lund and Helsingborg. The first figures showing a rise in employment came in March 2025, which may indicate the trend starting to turn. When it comes to office-intensive industries, Malmö has had the most stable trend since the peak of employment, while the trend has been somewhat weaker in Lund and Helsingborg. From a longer time perspective from 2020, annual growth in the office-intensive industries has been 3.2 percent in Malmö, 2.4 percent in Lund and 1.7 percent in Helsingborg. These figures can be compared with the nationwide figure of 1.8 percent as well as 2.5 percent in Gothenburg, 1.0 percent in Stockholm and 2.3 percent in Skåne.

The rental and property market

The Swedish Property Research Forum's (SEPREF) consensus forecast for the second quarter of 2025 found that the prime rent in Malmö increased SEK 100/m² from the first quarter to SEK 3,400/m². The yield requirement in prime locations remained unchanged at 5.0 percent. In the Greater Copenhagen area west, Colliers reported office rents of DKK 1,250/m² for the second quarter of 2025 and an unchanged investment yield requirement of 5.75 percent.

Turnover in the Swedish real estate market amounted to SEK 61 billion for the first five months of 2025 (Colliers), up 48 percent year-on-year. In May, turnover amounted to approximately SEK 13 billion, with the majority pertaining to housing. In Denmark, the transaction volume amounted to DKK 21.6 billion for the first five months of 2025, up 95 percent yearon-year. Half of this volume pertained to housing and the share of foreign investors has increased significantly to over 50 percent.

Svenska Handelsfastigheter have acquired four properties in the Stora Bernstorp business district in Burlöv Municipality for SEK 928 million from Niam. The lettable area is 48,000 square metres and the properties are fully let. The annual rental income is SEK 74 million and Fastighetsvärlden estimates the yield on the investment at 6.2 percent.

At Ideon in Lund, K2A has acquired a housing development of approximately 25,000 m² GFA from Akademiska Hus, where 600 student and research scientist residences will be built. The price corresponds to 5,500 SEK/m² GFA.

Catena has acquired a 25,400 m² logistics facility in Brøndby from PFA. The entire property has been let to Postnord until 2035, with an annual operating surplus of DKK 16.7 million. The price amounts to DKK 285 million, providing an investment yield of 5.9 percent.

500

Uppsägningsbart hyresvärde, Mkr

200 300 400

Mkr

160

Löptider för Wihlborgs hyreskontrakt per 30 juni 2025

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

0 100 2025 2026 2027 2028 2029 2030 >2030 Antal kontrakt per år, exkl. bostads- och parkeringsavtal: 808 939 701 442 163 91 136 80 100 120 140 Income, expenses and profits January–June 2025 Ten largest tenants per

Comparative figures for income statement items relate to values for the corresponding period 2024 and balance sheet items as of 2024-12-31.

Rental income

Rental income amounted to SEK 2,142 million (2,072) corresponding to an increase by 3 procent. Termination fees had a positive impact on income by SEK 21 million (21). The index calculations in the Swedish stock are made as of 1 January, while those in the Danish stock take place at various times during the year.

Of the rental income, service income accounted for SEK 226 million (215). A compilation of the change in rental income compared to the previous year appears in the table below.

Rental income January-June 2025 2,072
Index 21
Acquisitions 47
Currency effect -14
Additional charges 11
Completed projects, new leases
and renegotiations
5
Rental income January-June 2025 2,142

At the end of the period, the occupancy rate for the investment properties, excluding projects and land, is 90 percent (91).

During the period, new signing of leases on a full-year basis amounted to SEK 234 million (271). Lease terminations for the period amounted to SEK 175 Mkr (221). This represents a net letting of SEK 59 million (50).

Terms of Wihlborgs' contracts per 30 June 2025 40 60

808 939 701 442 163 91 136

30 June 2025

Rental income from governmental tenants

  • Choice Hotels
  • City of Helsingborg
  • City of Malmö
  • Danish building and Property Agency
  • Lund university
  • Malmö university
  • Novo Nordisk
  • Skåne regional council
  • Swedish Social Insurance Agency
  • Trygg-Hansa

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Property expenses

Total property costs increased by SEK 8 million to SEK 598 million (590) which is mostly attributable to acquired and newly built properties. Operating costs are on par with previous year. Electricity costs haved decreased compared to the previous year while cost of heating and water has increased, as has rental losses which amounted to SEK 6 million (0) during the period. The historical summary at the bottom of page 21 illustrates how costs vary over the different quarters of the year.

Operating surplus

The operating surplus amounted to SEK 1,544 million (1,482), representing a surplus ratio of 72 percent (72). Currency effects affected by SEK 9 million (2).

Central administration

The costs for central administration were 42 million (45).

Financial income and expense

Net interest amounted to SEK -524 million (-557), of which interest income amounted to SEK 11 million (16). Interest expense for the period, including realized effects of interest derivatives, amounted to SEK 535 million (573). The leasehold rent amounted to SEK 2 million (2). During the period, the net flow relating to the interest derivatives were positive by SEK 28 million (155). At the end of the period, the average interest rate including the cost of credit agreements was 3.30 percent (3.45).

Income from property management

Profit participation in joint ventures amounted to SEK 11 million (6). Income from property management amounted to SEK 987 million (884).

Pre-tax profit

The pre-tax profit, i.e. after value changes on properties and derivatives, was SEK 1,177 million (927). Value changes on properties during the period amounted to SEK 312 million (-31). Changed market interest rates have entailed value changes on derivatives of SEK -122 million (+74), of which SEK -116 million (+80) are attributable to interest derivatives and SEK -6 million (-6) to other financial items.

Profit after taxes

Profit after taxes was SEK 883 million (698). Total tax amounted to SEK -294 million (-229), of which current tax SEK -36 million (-15) and deferred tax SEK -258 million (-214).

At the start of the quarter, Wihlborgs signed a lease with the construction group Per Aarsleff A/S for 24,000 m² at Ejby Industrivej 41 in western Copenhagen. The 50,000 m² property was acquired by Wihlborgs in 2015 and was let to Danske Bank until 2021. One of the buildings is let to the Danish Building and Property Agency, which uses the premises for the Danish National Police. The property's vicinity to the ring road, and design with large office premises and a large plot, makes it a promising development project for Wihlborgs to drive forward.

Assets

Property portfolio as of 30 June 2025

The summaries below are based on Wihlborgs' property portfolio as of 30 June 2025. Rental income relates to contracted rental income on an annual basis as of 1 July 2025.

The operating surplus is based on the properties' earning capacity on an annual basis based on rental income for July 2025, operating and maintenance costs, property administration on a rolling twelve-month basis and property tax.

Wihlborgs' property portfolio consists of commercial properties in the Öresund region, located in Malmö, Helsingborg, Lund and Copenhagen. The property portfolio 30 June 2025 consisted of 316 properties (307) with a lettable area of 2,375,000 m2 (2,325,000). 7 of the properties (6) are leasehold rights.

The properties' carrying amount was SEK 62,731 million (59,168), which corresponds to the estimated market value. The total rental value was SEK 4,810 million (4,646) and the contracted rental income on annual basis SEK 4,303 million (4,157). The like-for-like increase in rental value, excluding additional charges and parking income, was 2.1 percent while contracted rental income decreased by 0.5 percent compared to 12 months previously.

Hyresvärde per fastighetskategori Hyresvärde per område Hyresvärde per fastighetskategori Hyresvärde per område The economic occupancy rate for Office/Retail properties was 91 percent (91) and for Logistics/Production properties 88 percent (88). The rental value for Office/Retail properties represented 82 percent and Logistics/Production properties 16 percent of the total rental value.

Projekt/Mark 2% Logistik/Produktion 16 % Malmö 35% Köpenhamn 22 % Projekt/Mark 2% Logistik/Produktion 16 % Köpenhamn 22 % Operating surplus from investment properties, excluding property administration and Projects/Land is SEK 3,273 million (3,140) which with a carrying amount of SEK 58,590 million (55,822) corresponds to a running yield of 5.6 percent (5.6). Broken down by property category, this is 5.4 percent (5.5) for Office/Retail and 6.4 percent (6.5) for Logistics/Production

Redovisat värde per fastighetskategori

14 %

Logistik/Produktion

Logistik/Produktion

14 %

82 % Kontor/Butik 17 % Lund

82 % Kontor/Butik

Köpenhamn 20 %

Projekt/Mark 6 % Redovisat värde per område

Köpenhamn 20 %

17 % Lund

17 % Lund

17 % Lund

80 % Kontor/Butik

Projekt/Mark 6 %

Redovisat värde per fastighetskategori

80 % Kontor/Butik

Rental growth

Entire property stock
2025-07-01, SEK m 2024-07-01, SEK m Percent
Rental value 4,810 4,490 +7.1
Rental income 4,303 4,102 +4.9
Like-for-like*
2025-07-01, SEK m 2024-07-01, SEK m Percent
Rental value 3,667 3,593 +2.1
Rental income 3,284 3,302 -0.5

*Excluding projects & land and excluding additional charges and parking income.

Project/Land 6 %

Book value per property category

80 % Ofce/Retail

23 % Helsingborg

23 % Helsingborg

Malmö 40 %

Malmö 40 %

Book value per area

Logistics/Production

Book value per property category

14 %

Logistics/Production

14 %

Copenhagen 20 %

Project/Land 6 % Book value per area

Copenhagen 20 %

17 % Lund

17 % Lund

80 % Ofce/Retail

26 % Helsingborg

Redovisat värde per område

26 % Helsingborg

Malmö 40 %

23 % Helsingborg

Malmö 35%

Malmö 40 %

23 % Helsingborg

CEO's commen

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Analysis per property category in each management area
Area/ Number of Area. m2 Carrying Rental value. Rental value. Economic Rental Operating surplus Surplus Operating surplus Yield excl
property category properties thousand amount.
SEK m
SEK m SEK/m2 occupancy
rate. %
income.
SEK m
incl.property
admin., SEK m
ratio.
%
excl.property
admin., SEK m
property
admin., %
Malmö
Office/Retail 55 487 20,467 1,469 3,020 92 1,346 1,027 76 1,074 5.2
Logistics/Production 31 146 2,300 189 1,296 95 180 140 78 150 6.5
Project & Land 13 18 2,062 25 1,397 - 8 -3 - 1 -
Total Malmö 99 650 24,829 1,683 2,589 91 1,534 1,164 76 1,225 4.9
Helsingborg
Office/Retail 39 304 9,720 768 2,528 89 681 528 78 547 5.6
Logistics/Production 61 428 4,689 471 1,099 83 389 282 73 302 6.4
Project & Land 8 - 73 0 - - 0 0 - 0 -
Total Helsingborg 108 732 14,482 1,239 1,692 86 1,070 810 76 849 5.9
Lund
Office/Retail 27 240 9,070 745 3,098 90 672 485 72 524 5.8
Logistics/Production 6 37 583 47 1,258 99 46 36 78 39 6.7
Project & Land 13 7 807 17 2,456 - 2 -2 - -1 -
Total Lund 46 285 10,461 808 2,841 89 721 519 72 562 5.4
Copenhagen
Office/Retail 50 578 10,857 936 1,620 92 862 548 64 585 5.4
Logistics/Production 9 61 902 76 1,250 95 72 50 69 52 5.8
Project & Land 4 69 1,199 67 970 - 44 21 - 22 -
Total Copenhagen 63 708 12,958 1,080 1,525 91 979 619 63 660 5.1
Total Wihlborgs 316 2,375 62,731 4,810 2,025 89 4,303 3,112 72 3,296 5.3
Total excluding projects and land 278 2,281 58,590 4,701 2,061 90 4,249 3,096 73 3,273 5.6

Analysis of lettable space per area and category of use

Area Office, m2 Retail, m2 Logistics/Production, m2 Education/Health care, m2 Misc., m2 Total, m2 Share, %
Malmö1 377,824 40,035 163,445 51,050 19,085 651,439 27
Helsingborg2 222,851 74,887 351,970 44,392 38,810 732,910 31
Lund3 215,538 12,923 42,319 5,554 9,575 285,909 12
Copenhagen4 509,133 6,057 140,704 12,194 40,032 708,121 30
Total 1,325,346 133,902 698,438 113,190 107,502 2,378,378 100
Share, % 56 6 29 5 4

1) Miscellaneous area in Malmö includes 10,275 m2 hotel.

2) Miscellaneous area in Helsingborg includes 1,819 m2 residential and 24,286 m2 hotel.

3) Miscellaneous area in Lund includes 8,215 m2 hotel.

4) Miscellaneous area in Copenhagen includes 5,600 m2 hotel.

26 % Helsingborg

Redovisat värde per område

Helsingborg

Malmö 40 %

Malmö 40 %

23 % Helsingborg

23 % Helsingborg

Malmö 35%

Hyresvärde per område

Projekt/Mark 2%

Hyresvärde per fastighetskategori

Köpenhamn 22 %

Projekt/Mark 2% Hyresvärde per område

Köpenhamn 22 %

Redovisat värde per område

Köpenhamn 20 %

17 % Lund

17 % Lund

17 % Lund

82 % Kontor/Butik

Projekt/Mark 6 %

Köpenhamn 20 %

17 % Lund

80 % Kontor/Butik

82 % Kontor/Butik

Projekt/Mark 6 %

Redovisat värde per fastighetskategori

80 % Kontor/Butik

Logistik/Produktion

16 %

Logistik/Produktion

14 %

Redovisat värde per fastighetskategori

Logistik/Produktion

14 %

Hyresvärde per fastighetskategori

Logistik/Produktion

16 %

Helsingborg

Helsingborg

Changes in values of properties

Project/Land Logistics/Production Rental value per property category Malmö Copenhagen Rental value per area Malmö 35% Project/Land 2% Logistics/Production 16 % Rental value per property category Malmö 35% Copenhagen 22 % Rental value per area In the valuation as of 30 June 2025, all properties are normally valued internally. During the second quarter of 2025, 37 properties accounting for just over 20 percent of the Group's total property value – were also externally valued. The valuation has meant that the property value has increased by SEK 312 million (-31). Since the turn of the year, the assumptions about future indexation, market rent development, long-term vacancy, operating cost development and yield requirements have been largely unchanged. Positive net leasing and completion of projects have had a positive impact on valuations, while maintenance investments and certain relocation risks have had a negative impact.

2% 16 % 35% 22 % When valuing at fair value, a combination of yield-based method and local price method is applied, where analyzes of completed transactions in affected sub-markets are used to calibrate the parameters in the yield-based method. The value is deemed to correspond to the yield value calculated from, normally five-year, cash flow analyses. Ongoing new construction is valued as if the project had been completed reduced by the budgeted remaining project cost. Undeveloped land and other development objects are valued according to the local price method. The valuation methodology is unchanged compared to before. In the Annual Report for 2024 pages 82-83 and 106-107 there is a detailed description of the valuation of the investment properties.

82 % 26 % 17 % Lund 26 % 82 % 26 % 17 % As of 30 June 2025, the reported value of the properties amounts to SEK 62,731 million (59,168).

Lund

Ofce/Retail

Ofce/Retail

Changes in carrying amount of properties
Changes Group total, SEK m
Carrying amount 1 January 2025 59,168
Investments 1,265
Aquisitions 2,552
Properties sold -90
Change in value 312
Currency translations -476
Carrying amount 30 June 2025 62,731

In spring 2026, the Segers Mat restaurant and patisserie with its own bakery will open in the second phase of the Posthornet office building (Posthornet 1) development in Lund, which will bring life and activity to the area from morning to night. The first phase of Posthornet was completed in 2018 and is fully let, with a mix of operations like those of Trivector, Klaravik, Skandia, Veidekke and Folktandvården. The Swedish Prosecution Authority and HSB Skåne have previously decided to move in to the second phase of the office building development, which will be completed in 2026.

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

In April, the symbolic first earth was turned for the electronic company NOTE's new facility in the expansive Hasslanda business district in southern Lund, which lies adjacent to the E22 motorway. The high-tech facility of 9,000 square metres will comprise offices, production and warehouses with the aim of being certified in accordance with Miljöbyggnad Guld. On the same property, Wihlborgs has now signed a lease agreement with a public-sector tenant. The property also borders Wihlborgs' development property Brysselkålen 1, which was acquired on 1 April.

Investments and current projects

Investments in the property portfolio totalled SEK 1,265 million (1,014). Approved investments in ongoing projects amount to SEK 5.449 of which 2,319 million had been invested at the end of period.

Liquid assets

The Groups liquid assets totalled SEK 232 million (412) at the end of the year. At the end of the period unutilized credit facilities, including unutilized overdraft facilities of SEK 83 million (454) amounted to SEK 2,318 million (3,335).

Property Category of use Municipality Completion Rentable Occupancy Estimated Expended
date area, m2 rate, % investment, SEK m 2025-06-30, Mkr
Galoppen 1 Logistics/Production Malmö Q3 2025 10,000 100 264 196
Kranen 4 Office/Retail Malmö Q3 2025 4,900 100 106 72
Sunnanå 12:54 Logistics/Production Malmö Q4 2025 17,000 100 280 191
Börshuset 1 Office/Retail Malmö Q4 2025 6,000 95 289* 146
Christianhusvej 11 Office/Retail Copenhagen Q1 2026 11,600 100 390 300
Giroströget 1 Office/Retail Copenhagen Q1 2026 62,000 100 423 9
Bläckhornet 1 Office/Retail Malmö Q1 2026 16,600 35 884 635
Ejby Industrivej 41 Office/Retail Copenhagen Q1 2026 24,000 100 231 45
Vätet 1 Office/Retail Lund Q1 2026 5,700 100 145* 34
Posthornet 1 Office/Retail Lund Q2 2026 10,100 40 448 209
Tomaten 1 Logistics/Production Lund Q2 2026 3,600 100 79 1
Stora Råby 32:22 Logistics/Production Lund Q2 2026 14,500 100 260 17
Amphitrite 1 Office/Retail Malmö Q4 2027 20,000 100 TBD 18

*Excluding land

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Property transactions

In the first quarter, part of the property Bjärred 9:1 was sold. On February 10, Wihlborgs signed an angreement to acquire properties in Malmö, Lund and Helsingborg from Granitor. The six investment properties comprise a total of 51,000 sqm and the two development properties 82 000 sqm land for businesses and 12,000 square metres GFA for offices. The underlying property value was a total of SEK 2,425 million. Possession took place on April 1, 2025. In June, residential building rights were divested on part of the property Lautrupvang 3 in Ballerup.

Property transactions January–June 2025
Quarter Property Municipality Category Area, m2 Price, SEK m Operating surplus 2025, SEK m1
Aquisitions
2 Perrongen 1 Helsingborg Office/Retail 17,119
2 Regula 1 Helsingborg Office/Retail 10,794
2 Brysselkålen 1 Lund Project & Land -
2 Jöns Petter Borg 15 Lund Project & Land -
2 Jöns Petter Borg 16 Lund Office/Retail 6,502
2 Kajutan 1 Malmö Office/Retail 3,707
2 Sjömannen 1 Malmö Office/Retail 7,646
2 Sjömannen 2 Malmö Office/Retail 5,571
2 Amphitrite 1, part of Hamnen
21:137 and part of Hamnen 21:138
Malmö Project & Land -
Total aquisitions 2025 51,339 2,552 34
Sales
1 Part of Bjärred 9:1 Lomma Project & Land -
2 Part of Lautrupvang 3 Copenhagen Project & Land -
Total sales 2025 0 90 0

1) Operating surplus that are included in the results for the period.

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Regula 1, Helsingborg Jöns Petter Borg 15, Lund

CEO´s comments Market comments Income, expenses and profit Assets Sustainabl Sustainable business e Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Sustainable business

Results for the quarter

Wihlborgs' sustainability targets for energy consumption, direct CO2 emissions, environmental certifications and supplier evaluations are followed up and reported each quarter. Other sustainability targets are reported on an annual basis.

Energy consumption

Wihlborgs endeavours to reduce energy consumption across the entire portfolio. The energy target for 2025, for annual consumption to be less than 85 kWh/m² Atemp, was met ahead of schedule. More long term, for 2030, operations aim to have an annual energy intensity below 75 kWh/m² Atemp.

Rolling 12-month energy intensity amounted to 77.1 kWh/m² and the intensity for the period amounted to 12.7 kWh/m².

During the quarter, focus has remained on optimising the operation of properties to ensure efficient use of heating, cooling and landlord electricity. Moreover, to further raise our energy performance, we continued to expand our energy measurements, which is also expected to result in optimised energy consumption.

Wihlborgs continues to invest in solar power systems with the goal of an installed capacity of 10 MWp by the end of 2025. The total installed capacity is 8.2 MWp. The facilities generated about 2,950 MWh during the quarter, corresponding to 24 percent of Wihlborgs' total landlord electricity needs.

CO2 emissions

Wihlborgs has set a target maximum value for annual Scope 1 and 2 emissions of 1 kg CO2 e/m² NFA by 2025. These emissions arise through energy and fuel consumption as well as any refrigerant leakage. Rolling 12-month CO2 intensity amounted to 1.04 and emissions for the period totalled 0.19 kg CO2 e/ m² NFA (0.21). The majority of these emissions stem from energy consumption in the Danish portfolio. Operations work with lowering energy consumption and converting to energy sources with a lower climate impact in order to limit emissions. To further reduce emissions, Wihlborgs is also dependent on energy suppliers reducing their emissions.

Wihlborgs works continuously to convert conventional refrigerants with high GWP values, which would have a significant climate impact in the event of a leak. During the period, conventional refrigerants equivalent to more than 50 tons of CO2 e have been replaced.

Certifications

Wihlborgs' target to certify 90 percent of the office space in the Swedish portfolio by 2025 was achieved one year early. At the end of the period, 93 percent of Swedish office space was certified. One property, Sparven 15 in Malmö, was certified during the period. Six certified properties were also added in conjunction with the acquisition from Granitor on 1 April 2025.

Certification in the Danish portfolio has continued and four properties (96,000 m²) reached the final stage of the DGNB certification process. In parallel, eight certifications are ongoing corresponding to 175,000 square metres. There are plans in place to certify an additional 21 properties in the Danish portfolio before the end of the year.

Supplier evaluations

To ensure that work performed by suppliers on behalf of Wihlborgs is aligned with the company's sustainability ambitions, we set requirements linked to areas such as environmental impact and social conditions. To ensure that suppliers meet these requirements, they are evaluated in a digital platform. We are currently evaluating suppliers with whom the company has framework agreements, which are therefore engaged frequently, and those believed to belong to industries that could involve greater risks. At the end of the period, the share of suppliers that are approved on all of our ESG requirements was 88 percent. We intend to further increase this share through dialogue and collaboration with other suppliers.

Key figures sustainability targets
-- ------------------------------------ --
2025 2024 2025 2024 2024
Target Apr-Jun, Apr-Jun, Jan-Jun, Jan-Jun, Jan-Dec,
Measure (per Dec 2025) 3 months 3 months 6 months 6 months 12 months
Environmental certifications1 % of floor area. office > 90 93 85 93 85 90
Energy use2 kWh/m2 < 85/year 12.7 14.0 42.5 45.4 80.0
CO2
emissions (scope 1 & 2)
kg CO2
e/m2
< 1,0/year 0.19 0.21 0.55 0.53 1.02
- of which Sweden kg CO2
e/m2
0.08 0.07 0.13 0.11 0.24
Evaluation of suppliers3 % approved 100 88 89 88 89 87
Customers' willingness to recommend1 % customers > 75 84 83 84 83 84
Sponsorship with community orientation1 % sponsoring > 50 56 51 56 51 56
Committed employees (Trust index) % employees > 85 90 90 90 90 90

1) Sweden

2) Energy use per sqm Atemp for 2024 and LOA for 2023, of which heat is normal year corrected

From 2024, project properties will be excluded from the measurement of energy intensity, as these have a lower and non-representative energy impact. 3) Strategic supplers (approx. 40% of total number of suppliers), who perform projects/work on our properties

Wihlborgs hållbarhetsrapportering Wihlborgs sustainability reporting

Wihlborgs compiles an annual sustainability report prepared according to the Annual Accounts Act, GRI Standards, EPRA Sustainability Best Practice Recommendations (sBPR) and TCFD guidelines for reporting climate-related risks.

More information about our sustainability agenda: www.wihlborgs.se/en/about-us/sustainability/

Focus in the quarter

The components of the ESG area – Environmental, Social and Governance – are to be integrated throughout Wihlborgs' business. Here we provide current examples of how we approach changes in our own operations and positively impact the value chain and the sector.

Wihlborgs named as one of Europe's Climate Leaders by the Financial Times

For the fifth year in a row, Wihlborgs has been ranked as one of Europe's Climate Leaders in the list compiled by the Financial Times in collaboration with Statista. The list includes the European companies that have reduced their Scope 1 (emissions from own operations) and Scope 2 (indirect emissions from purchased energy) CO2 emissions the most. Wihlborgs raised its points tally year-on-year and finished third in Sweden in the Property area.

In addition to the reduction in Scope 1 and 2 emissions intensity and the reduction in these emissions in relation to sales, the list assesses whether Scope 3 emissions are being reported, if the company has net-zero targets approved by the Science Based Targets initiative and if the company has joined the CDP. Wihlborgs meets all of these criteria.

Collaboration forum in Helsingborg with focus on business ethics and strong business relationships

Suppliers play a crucial role in enabling Wihlborgs to achieve its sustainability goals and help move the industry in a positive direction. In addition to regular follow-up meetings with each supplier, Wihlborgs also organises recurring collaboration forums with framework-agreement contractors, who in turn engage many suppliers in their value chains. The aim is to foster dialogue, share experiences and provide suppliers with better conditions for meeting Wihlborgs' requirements.

During the quarter, a forum was held in Helsingborg with a focus on business ethics and sound business relationships. The event brought together representatives from 20 supplier companies and provided space for open dialogue around the Code of Conduct, guidelines, responsibilities and mutual expectations in the partnership.

CEO´s comments Market comments Income, expenses and profit Assets Sustainabl Sustainable business e Liabilities and equity Financial reports Key figures Definitions Calendar Contact

From left: Stefan Carlén, Property Host; Ivan Bicanic, Service Technician; Philip Modig, Property Manager; Linus Karlsson, Property Host; Johanna Larsson, Operator; Michael Keifer, Service Technician; Jan Larsson, Operator; and Jenny Wahl, Manager of Operations and Technology.

Energy savings in Värdshuset 2

A year ago, Wihlborgs acquired the Värdshuset 2 office building, located above Hyllie Station in Malmö. An inspection of the property began immediately after the acquisition, resulting in a package of improvements for facade renovation, energy saving and signage. To date, focus has mainly been on raising the efficiency of operations, which resulted in a 22 percent reduction in energy consumption, which in certain months has decreased as much as 40 percent.

Värdshuset is a fitting example of how the broad internal expertise at Wihlborgs allows us to acquire properties with high operating costs and a low energy performance class, and to improve their energy performance without making any major investments.

Wihlborgs renews climate contract with the City of Malmö

Wihlborgs was one of the first companies in 2021 to sign the City of Malmö's climate agreement, which is an initiative bringing together businesses, academia and civil society with the aim of accelerating the pace of Malmö's climate transition. In May, it was time for Wihlborgs to renew the agreement and commit once again to contributing with concrete climate initiatives in areas such as climate-neutral construction, energy and power requirements and sustainable mobility solutions.

Wihlborgs has its own ambitious goals, but it is together with others that properly significant changes can be achieved. Cities also account for a considerable share of global CO2 emissions and represent the greatest opportunity for change. As a long-term property owner with deep roots and over 100 properties in Malmö, it is natural for us to be a driving force in these efforts.

Wihlborgs has also signed corresponding climate agreements for Helsingborg and Lund.

Andreas Ivarsson, Director of Projects & Developments at Wihlborgs, signed the renewed climate agreement together with Sofia Hedén, Chair of the Environment Committee (left) and Katrin Stjernfeldt Jammeh, Chair of Municipal Council (right).

Obligationer 16 %

Svenska banker

As of 30 June 2025 equity totalled SEK 23,014 million (23,156) after a dividend payment of SEK 984 million was made during the second quarter. The equity/assets ratio stood at 35,8 percent (38.1). 34 % Danska banker

Current financing, June 2025

Total debt: 33.3 SEK bn

Interest-bearing liabilities

The group's borrowings as of 30 June amounted to SEK 33,271 million (30,091) ) with an average interest rate including costs for credit agreements of 3.30 percent (3.45).

With consideration to the company's debt of SEK 33.3 billion, the loan-to-value ratio is 53,0 percent (50.9) as a percentage of property values.

The loans' average fixed interest period, including effects of derivatives, on 30 June 2025 amounted to 2.4 years (2.6) The average loan maturity, including committed credit facilities, amounted to 4,7 years (5.5). 16 percent of outstanding borrowings come from the bond market.

Structure of interest and loan maturities as of 30 June 2025 Interest maturity Loan maturity Matures, year Loan amount, SEK m Av. interest rate, %* Credit ag., SEK m Utilised, SEK m 2025 16,077 3.28 840 840 2026 2,102 2.68 11,724 11,246 2027 2,242 3.62 9,251 8,551 2028 3,142 3.62 2,748 1,608 2029 2,390 3.36 2,708 2,708 >2029 7,317 3.20 8,318 8,318 Total 33,271 3.29 35,589 33,271

*) Excluding costs for credit agreements.

Wihlborgs use interest rate derivatives in order to reduce the risk level in the loan portfolio. A summary of the terms is shown in the table below. The interest stated refers to fixed interest paid, in all agreements variable 3-month interest is received.

Interest rate derivatives portfolio 30 June 2025

Interest rate swaps

Maturity Amount, SEK m Interest, %
2025 894 0.42
2026 2,102 1.53
2027 2,742 2.38
2028 3,142 2.46
2029 2,390 2.20
>2029 5,835 2.41
Total 17,106 2.17

Changing market interest rates have meant an increased value in Wihlborgs' interest rate derivative portfolio, which at the end of the period amounted to SEK -92 million (24).

Interest-rate derivatives are recognised at fair value in accordance with IFRS 9. All derivatives are classified in level 2 in accordance with IFRS 13. For information on the valuation approach for interest rate derivatives, see page 100 of the 2024 Annual Report.

Average net debt relative to rolling 12-month operating income amounted to 10.1 times (9.9).

Net debt/EBITDA

The Bridge Run on 15 June not only offered an extraordinary view but also reminded us of the bridge's significance for the development of the Öresund region. Several Wihlborgs employees, both from Sweden and from Denmark, took part in the run.

Miscellaneous

Employees

At the end of the period, the number of FTEs at Wihlborgs was 227 (228) of which 64 (68) were in property service.

Of the total number of FTEs 86 (85) were in Malmö, 35 (33) in Helsingborg, 31 (31) in Lund och 75 (79) in Copenhagen. The average age of employees is 44 years and women make up 39 percent (38).

Parent company

The parent company owns no properties, but deals with questions relating to the stock market and joint Group functions for administration, management and borrowing. The parent company's turnover is mostly related to the billing of services to Group companies.

The parent company has invested SEK 0 million (0), including shareholder contribution, in shares in subsidiaries and shares in joint ventures. The parent company's income statement and balance sheet are found on page 21.

Participation in other companies

A description of all participations in joint ventures and holdings in joint operations held by Wihlborgs will be found on pages 108–109 in the Company's 2024 Annual Report.

Largest shareholders

The largest shareholder in Wihlborgs is Backahill, representing the Paulsson family, with 11.1 percent of the shares outstanding. Shares held by owners registered abroad account for 32 percent. The number of shareholders is approximately 32,000.

Largest shareholders in Wihlborgs 31 May 2025
----------------------------------------------- -- -- -- -- --

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

120

Number of shares, thousands Proportion of equity and votes, %
90
Backahill
34,077 30000
11.1
SEB Investment Management 17,761 5.8
Swedbank Robur funds 16,610 5.4
60
Länsförsäkringar funds
15,521 20000
5.0
Handelsbanken 10,369 3.4
Fjärde AP-fonden 6,010 2.0
Bank of Norway 5,264 1.7
30
Lannebo funds
4,663 10000
1.5
Livförsäkringsbolaget Skandia 4,321 1.4
Nordea funds 3,855 1.3
0
Other shareholders reg. in Sweden
jan
feb
mar
apr
maj
jun
jul
94,561
aug
sep
okt
nov
dec
jan
feb
0
30.8
mar
apr
maj
jun
Other shareholders reg. abroad
2024
94,416 30.7
2025
Total outstanding shares 307,427 100.0

SEK Omsättning antal, '000

Omsättning, antal per månad

Nasdaq Stockholm

Development in share price 2024-01-01 – 2025-06-30 OMX Stockholm PI

SX8600 OMX Stockholm Real Estate PI

Wihlborgs

40000

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Significant risks and uncertainty factors

Wihlborgs' future development and ability to reach its operational goals are influenced by numerous risks and uncertainties. By systematically reviewing, analysing and managing these risks and uncertainties, it is possible to limit them and concurrently create the prerequisites for continued growth.

The risks assessed as having a significant influence on the Group's earnings trend and cash flow are the variations in rental income, property costs and interest-rates. The properties are measured at fair value with changes in value in the income statement resulting in positive and negative impacts on earnings during the year. Property valuation also impacts Wihlborgs' financial position and key metrics. The extent of changes in value is partly determined by Wihlborgs' own capacity, through alteration and upgrading of properties, as well as by leases and client structures, to increase the properties' market value, and partly by external factors that affect supply and demand in the property markets where the company is active. Property valuation should take in to account an interval of uncertainty, which in a functioning market, typically consists of +/-5–10% to reflect the inherent uncertainty of assumptions and estimates.

In addition to the above, risks also include financing risks. Wihlborgs is dependent on external loans to meet its undertakings and complete transactions. Risks are managed using Wihlborgs' financial policy, which stipulates objectives, guidelines and risk limits for Wihlborgs' financial activities.In pages 84–89 and 101–102 in the Company's 2024 Annual Report there is a comprehensive description of the risks facing the Group, how these are handled and a grading with regard to the assessed impact on the business and the probability that the risk will occur.

No significant changes to the company's risk assessment are made compared with what is described in the annual report for 2024.

Accounting policies

Wihlborgs follows the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), as well as interpretations issued by the IFRS Interpretations Committee (IFRIC) as endorsed by the European Union. The Interim Report has been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. Information under IAS 34 p.16A is submitted in the notes and elsewhere in the interim report.

The Group applies the same accounting policies and valuation methods as in the most recent annual report. Wihlborgs assesses that none of the new or amended standards approved by the EU, or interpretations from the IFRS Interpretations Committee, that entered force after 1 January 2025, affect its results or financial position in any material sense. The Group applies the Swedish Corporate Reporting Board's recommendation RFR 1, Supplementary Accounting Rules for Corporate Groups and the Parent Company applies RFR 2.

Malmö 7 July 2025 Wihlborgs Fastigheter AB (publ)

Anders Jarl Lennart Mauritzson Amela Hodzic
Chairman Deputy Chairman Board member
Anneli Jansson Jan Litborn Johan Röstin
Board member Board member Board member
Anna Werntoft
Board member
Ulrika Hallengren
CEO

The Board of Directors and the CEO offer assurance that the interim report provides a fair summary of the parent company's and the Group's business activities, status and profits, and describes the significant risks and uncertainty factors faced by the parent company and the companies that are part of the Group.

This interim report has not been subject to review by the company's auditors.

Financial reports

Consolidated income statement summary

SEK m Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jul-Jun Jan-Dec
2025 2024 2025 2024 2024/2025 2024
Rental income 1,097 1,032 2,142 2,072 4,244 4,174
Operating costs -136 -125 -306 -304 -598 -596
Repairs and maintenance -30 -31 -63 -65 -135 -137
Property tax -74 -68 -141 -136 -281 -276
Property administration -44 -44 -88 -85 -172 -169
Total property costs -284 -268 -598 -590 -1 186 -1 178
Operating surplus 813 764 1,544 1,482 3,058 2,996
Central administration -21 -23 -42 -45 -91 -94
Interest income 5 8 11 16 24 29
Interest expenses -276 -293 -535 -573 -1,120 -1,158
Leasehold rent -1 -1 -2 -2 -4 -4
Share in results of joint ventures 4 5 11 6 17 12
Income of property management 524 460 987 884 1,884 1,781
Change in value of properties 243 28 312 -31 928 585
Change in value of derivatives -160 -29 -122 74 -332 -136
Pre-tax result 607 459 1,177 927 2,480 2,230
Current tax -26 -5 -36 -15 -71 -50
Deferred tax -129 -104 -258 -214 -518 -474
Result for the period1 452 350 883 698 1,891 1,706
OTHER TOTAL PROFIT LOSS 2)
Items that will be reclassified to profit or loss for the year:
Translation differences on recalculation of foreign operations 109 -149 -201 42 -69 174
Hedging of currency risk in foreign operations -99 149 188 -42 57 -173
Tax attributable to items that will be reclassified to profit or loss for the year 15 -23 -28 7 -9 26
Other comprehensive income for the period/year 25 -23 -41 7 -21 27
Total comprehensive income for the year1 477 327 842 705 1,870 1,733
Earnings per share2 1.47 1.14 2.87 2.27 6.15 5.55
No. of shares at end of the period, thousands 307,427 307,427 307,427 307,427 307,427 307,427
Average no. of shares, thousands 307,427 307,427 307,427 307,427 307,427 307,427

1) The entire profit/comprehensive income is attributable to the parent company's shareholders.

2) Key ratios per share have been calculated based on a weighted average number of shares during the period. There are no outstanding subscription options, convertibles or other potential ordinary shares and accordingly, no dilution effects to take into consideration.

Chu scomments

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financi Financial reports al Key figures Definitions Calendar Contact

Consolidated balance sheet summary
SEK m 2025-06-30 2024-06-30 2024-12-31
ASSETS
Investment properties 62,731 57,159 59,168
Right-of-use assets 161 134 137
Other fixed assets 507 444 469
Derivatives 164 335 252
Current receivables 538 349 313
Liquid assets 232 403 412
Total assets 64,333 58,824 60,751
EQUITY AND LIABILITIES
Equity 23,014 22,128 23,156
Deferred tax liability 5,901 5,383 5,637
Borrowings 33,271 29,622 30,091
Lease liability 161 134 137
Derivatives 256 106 228
Other long-term liabilities 91 66 65
Current liabilities 1,639 1,385 1,437
Total equity & liabilities 64,333 58,824 60,751

Consolidated statement of changes in equity

SEK m Jan-Jun 2025 Jan-Jun 2024 Jan-Dec 2024
Total equity at beginning of period 23 156 22 391 22,391
Equity attributable to parent company's shareholders
Opening amount 23,156 22,391 22,391
Dividend paid* -984 968- -968
Profit for the period 883 698 1,706
Other comprehensive income -41 7 27
Total equity at end of period 23,014 22,128 23,156

*) All shares are ordinary shares

Consolidated cash flow statement summary
SEK m Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jan-Dec
2025 2024 2025 2024 2024
Operating activities
Operating surplus 813 764 1,544 1,482 2,996
Central administration -21 -23 -42 -45 -94
Non-cash items 2 2 3 5 5
Interest recieved 5 4 8 12 28
Interest paid -211 -300 -483 -630 -1,220
Income tax paid 0 2 -46 -45 -37
Change in operating receivables 75 41 62 -39 -87
Change in operating liabilities -162 -160 -37 -61 26
Cash flow from operating activities 501 330 1,009 679 1,617
Investment activities
Acquisitions of properties -2 552 -201 -2 552 -201 -201
Investments in existing properties -627 -544 -1 265 -1 014 -2,204
Sales of properties 0 0 14 0 113
Change in other non-current assets -28 9 -35 -6 -28
Cash flow from investment activities -3,207 -736 -3,838 -1,221 -2 320
Financing activities
Dividends paid -984 -968 -984 -968 -968
New loans 4,326 6,580 5,416 11,598 14,293
Loan repayments -560 -5,274 -1,815 -10,030 -12,558
Change in other long-term liabilities 27 -2 32 -2 -1
Cash flow from financing activities 2,809 336 2,649 598 766
Cash flow for the period 103 -70 -180 56 63
Opening cash flow 129 478 412 346 346
Currency effect liquid assets 0 -5 0 1 3
Closing cash flow 232 403 232 403 412
Historical summary of last eight quarters
SEK m Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023
Rental income 1,097 1,045 1,059 1,043 1,032 1,040 969 977
Operating costs -136 -170 -156 -136 -125 -179 -161 -126
Repairs and maintenance -30 -33 -35 -37 -31 -34 -41 -33
Property tax -74 -67 -70 -70 -68 -68 -62 -63
Property administration -44 -44 -46 -38 -44 -41 -46 -40
Operating surplus 813 731 752 762 764 718 659 715
Income from property management 524 463 452 445 460 424 366 433
Profit for the period 452 431 860 148 350 348 -350 -302
Surplus ratio, % 74.1 70.0 71.0 73.1 74.0 69.0 68.0 73.2
Investment yield, % 5.4 5.0 5.2 5.3 5.4 5.1 4.7 5.2
Equity/assets ratio, % 35.8 38.8 38.1 37.6 37.6 38.8 39.0 39.4
Return on equity, % 8.0 7.4 15.1 2.7 6.3 6.2 -6.1 -5.3
Earnings per share, SEK 1.47 1.40 2.80 0.48 1.14 1.13 -1.14 -0.98
Income property management per share, SEK 1.70 1.51 1.47 1.45 1.50 1.38 1.19 1.41
Cash flow fr operating activities per share, SEK 1.63 1.65 1.48 1.57 1.07 1.14 2.30 1.38
EPRA NRV per share, SEK 94.35 95.08 93.58 90.47 88.74 90.39 89.17 89.07
Share price as % of EPRA NRV 108.4 103.9 112.0 129.5 110.3 109.7 105.7 85.8
Carrying amount of properties 62,731 59,126 59,168 57,898 57,159 56,750 55,872 56,036
Equity 23,014 23,521 23,156 22,282 22,128 22,770 22,391 22,771
Total assets 64,333 60,663 60,751 59,240 58,824 58,631 57,372 57,738

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financi Financial reports al Key figures Definitions Calendar Contact

Definitions of key ratios are available on page 26.

Parent company's income statement summary
SEK m Jan-Jun 2025 Jan-Jun 2024 Jan-Dec 2024
Income 123 121 241
Expenses -120 -117 -232
Operating profits 3 4 9
Financial income 1,413 1,163 1,559
Financial expenses -590 -521 -1,272
Pre-tax profit 826 646 296
Appropriations - - 154
Tax 22 -16 38
Profit for the period 848 -630 488
Parent company's balance sheet summary
SEK m 2025-06-30 2024−06−30 2024-12-31
Participations in Group companies 10,700 10,653 10,700
Receivables fr Group companies 23,589 19,618 19,816
Derivatives 164 335 252
Other assets 352 309 325
Cash and bank balances 129 193 332
Total assets 34,934 31,108 31,425
Equity 6,100 6,379 6,236
Liabilities to credit institutions 25,739 22,688 22,937
Derivatives 256 106 228
Liabilities to Group companies 2,678 1,797 1,917
Other liabilities 161 138 107
Total equity and liabilities 34,934 31,108 31,425
CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financi Financial reports al Key figures Definitions
Calendar
Contact
Consolidated segment reporting January-June
Property management Malmö Helsingborg Lund Copenhagen Total
SEK m 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
Rental income, excl. additional charges 678 672 474 448 323 300 441 437 1,916 1,856
Service income 70 65 38 36 43 40 75 74
226
215
Rental income 748 737 512 484 366 340 516 511 2,142 2,072
Property costs -183 -177 -130 -129 -106 -103 -179 -180 -598 -590
Operating surplus 565 559 382 355 259 237 338 331 1,544 1,482
Leashold rent 0 0 -2 -2 0 0 0 0
-2
-2
Changes in values of properties 75 41 159 -41 -18 29 97
-61
312 -31
Total 640 601 539 312 241 266 434 270 1,855 1,449
Items not classified by segment
Central administration - - - - - - - -
-42
-45
Net interest, exl. leasehold rent - - - - - - - -
-524
-557
Results of Joint Ventures - - - - - - - -
11
6
Change in value derivatives - - - - - - - -
-122
74
Pre-tax result 1,177 927

In the group's internal reporting, operations are divided into the market areas of Malmö, Helsingborg, Lund and Copenhagen. Each market area corresponds to an operating segment whose revenues and costs are followed up regularly by reporting to the CEO, who is the group's top executive decision maker. Group management follows up the operating profit and value changes in properties, other profit items are not distributed by market area. On the asset side, the real value of the properties is monitored. For a more detailed description of the segments, see the annual report for 2024 pages 45-67. Rental income includes customary charges for rent including indexation, extra charges for investments and property taxes. Service income includes all other supplementary charges like for example electricity, heating, water and other services to tenants.

Market value properties 24,904 22,777 14,482 12,786 10,386 9,267 12,958 12,330 62,731 57,159

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financi Financial reports al Key figures Definitions Calendar Contact

Key figures for the group
SEK m Jan-Jun
2025
Jan-Jun
2024
Jul-Jun
2024/2025
Jan-Dec
2024
Financial
Return on equity, % 7.6 6.3 8.4 7.5
Return on total capital, % 6.7 5.6 7.2 6.8
Equity/assets ratio, % 35.8 37.6 35.8 38.1
Interest coverage ratio, multiple 2.8 2.5 2.7 2.5
Loan-to-value ratio, properties, % 53.0 51.8 53.0 50.9
Debt/equity ratio, multiple 1.5 1.3 1.5 1.3
Share-related
Earnings per share, SEK 2.87 2.27 6.15 5.55
Earnings per share before tax, SEK 3.83 3.02 8.07 7.25
P/E-ratio I, multiple 17.8 21.6 16.6 18.9
P/E-ratio II, multiple 18.1 19,0 18.3 19.6
Cash flow from operations per share, SEK 1.63 2.21 4.68 5.26
Market value per share, SEK 102.30 97.90 102.30 104.80
Proposed dividend per share, SEK - - - 3.20
Dividend yield, % - - - 3.1
Total return from share, % - - - 14.5
Number of shares at the end of period, thousands 307,427 307,427 307,427 307,427
Average number of shares, thousands 307,427 307,427 307,427 307,427
Property-related
Number of properties 316 307 316 307
Carrying amount of properties, SEK m 62,731 57,159 62,731 59,168
Estimated investment yield, % – all properties 5.3 5.1 5.3 5.0
Estimated investment yield, % – excl project properties 5.6 5.4 5.6 5.3
Lettable area, m2 2,375,167 2,285,867 2,375,167 2,325,309
Rental income, SEK per m2 2,025 1,964 2,025 1,998
Operating surplus, SEK per m2 1,310 1,280 1,310 1,283
Financial occupancy rate, % – all properties 89 91 89 89
Financial occupancy rate, % – excl project properties 90 93 90 91
Estimated surplus ratio, % 72 71 72 72
EPRA
EPRA EPS, SEK 2.83 2,58 5.59 5.34
EPRA NDV (net disposal value) per share, SEK 74.86 71.98 74.86 75.32
EPRA NRV (net reinstatement value) per share, SEK 94.35 88.74 94.35 93.58
EPRA LTV, % 54.4 53.1 54.4 52.2
EPRA NIY 5.3 5.4 5.3 5.3
EPRA Topped-up NIY 5.4 5.5 5.4 5.4
Employees
Number of FTEs at period end 227 226 227 228

Amager Strandvej 390 and Hedegaardsvej 88 outside Copenhagen, as well as Värdshuset 2 in Hyllie, Malmö, are all examples of properties that Wihlborgs has acquired and enhanced through modernization and energy efficiency measures. Both Amager Strandvej 390 and Hedegaardsvej 88 have undergone cosmetic renovations in recent years aimed at creating flexible and modern premises of varying sizes to meet market demand. Värdshuset 2, with its smaller office spaces, is an important complement to Wihlborgs' existing portfolio in the area. Read more about the energy-saving measures in the property on page 15.

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures ey Definitions Calendar Contact

Key figures

Basis for key ratios

Below is a derivation of the financial key figures that Wihlborgs presents on page 23.

The following financial targets have been established by the Board:

  • A return on equity that exceeds the risk-free interest rate* by not less than six percentage points, which for the beginning of 2025 corresponds to 8.19 percent.
  • An equity/assets ratio of no less than 30 percent
  • An interest coverage ratio of no less than 2.0
  • The loan-to-value ratio is not to exceed 60 percent

*) Risk-free interest rate is defined as the rate on a 5-year Swedish government bond

Unless otherwise stated, amounts are in SEK million 2025-06-30 2024-06-30 2024-12-31
Return on equity
Profit for the period 883 698 1,706
Converted to full-year figures 1,766 1,396 1,706
Equity, opening balance 23,156 22,391 22,391
Equity, closing balance 23,014 22,128 23,156
Average equity 23,085 22,260 22,774
Return on equity, % 7.6 6.3 7.5
Return on capital employed
Profit before tax 1,177 927 2,230
Interest expense (incl value changes interest derivatives) 657 499 1,294
Total 1,834 1,426 3,524
Converted to full-year figures 3,668 2,852 3,524
Total assets, opening balance 60,751 57,372 57,372
Total assets, closing balance 64,333 58,824 60,751
Non-interest bearing debt, opening balance -7,139 -6,676 −6,676
Non-interest bearing debt, closing balance -7,631 -6,834 −7,139
Average capital employed 55,157 51,343 52,154
Return on capital employed, % 6.7 5.6 6.8
2025-06-30 2024-06-30 2024-12-31
Equity/assets ratio
Equity 23,014 22,128 23,156
Total assets 64,333 58,824 60,751
Equity/assets ratio, % 35.8 37.6 38.1
Interest coverage ratio
Income from property management 987 884 1,781
Interest expense 537 575 1,162
Total 1,524 1,459 2,943
Interest expense 537 575 1,162
Interest coverage ratio, multiple 2.8 2.5 2.5
Leverage properties
Borrowings 33,271 29,622 30,091
Net value investement properties 62,731 57,159 59,168
Leverage properties, % 53.0 51.8 50.9
Debt/equity ratio
Interest-bearing liabilities 33,432 29,756 30,228
Equity 23,014 22,128 23,156
Debt/equity ratio, multiple 1.5 1.3 1.3
Earnings per share
Profit for the period 883 698 1,706
Average number of shares, thousands 307,427 307,427 307,427
Earnings per share, SEK 2.87 2.27 5.55
Earnings per share before tax
Profit before tax 1,177 927 2,230
Average number of shares, thousands 307,427 307,427 307,427
Earnings per share before tax, SEK 3.83 3.02 7.25
Dividend yield per share
Proposed dividend, SEK - - 3.20
Market price per share at year end, SEK - - 104.80
Dividend yield per share, % - - 3.1
2025-06-30 2024-06-30 2024-12-31
Total yield per share
Market price per share at year start, SEK - - 94.25
Market price per share at year end, SEK - - 104.80
Change in market price during the year, SEK - - 10.55
Dividend paid during the year, SEK - - 3.15
Total return per share, % - - 14.5
P/E ratio I
Market price per share, SEK 102.30 97.90 104.80
Earnings per share, SEK 2.87 2.27 5.55
Annualized per share, SEK 5.74 4.54 5.55
P/E ratio I, multiple 17.8 21.6 18.9
P/E ratio II
Market price per share, SEK 102.30 97.90 104.80
EPRA EPS, SEK 2.83 2.58 5.34
Annualized per share, SEK 5.66 5.15 5.34
P/E tal II, multiple 18.07 19.0 19.6
Operating cash flow per share
Operating cash flow 501 679 1,617
Average number of shares, thousands 307,427 307,427 307,427
Operating cash flow per share, SEK 1.63 2.21 5.26
EPRA EPS
Income from property management 987 884 1,781
Tax depreciation, direct tax deductions etc -426 -443 −1,115
Taxable income from property management 561 441 666
Current tax on the above -117 -92 −140
Income from property management after deduction of current tax 870 792 1,641
Average number of shares, thousands 307,427 307,427 307,427
EPRA EPS, SEK 2.83 2.58 5.34
EPRA NDV per share
Equity 23,014 22,128 23,156
Number of shares at year end, thousands 307,427 307,427 307,427
EPRA NDV per share, SEK 74.86 71.98 75.32
2025-06-30 2024-06-30 2024-12-31
EPRA NRV per share
Equity 23,014 22,128 23,156
Deferred tax liability 5,901 5,383 5,637
Derivatives 92 -229 −24
Total 29,007 27,282 28,769
Average number of shares, thousands 307,427 307,427 307,427
EPRA NRV per share, SEK 94.35 88.74 93.58
EPRA LTV
Borrowings*, group 33,373 29,674 30,139
Borrowings*, share of joint ventures 1,029 1,083 1,057
Net payables, group 950 968 1,032
Net recivables, share of joint ventures -238 -209 -193
Total 35,114 31,516 32,035
Exclude:
Liquid assets, group -232 -403 -412
Liquid assets, share of joint ventures -48 -50 -66
Net Debt 34,834 31,063 31,557
Investments properties, group 62,731 57,159 59,168
Investment properties, share of joint ventures 1,296 1,323 1,298
Total investment properties 64,027 58,482 60,466
EPRA LTV, % 54.4 53.1 52.2
EPRA NYI and "topped-up" NIY
Investments properties wholly owned 62,731 57,159 59,168
Investment properties, share of joint ventures 1,296 1,323 1,298
Excluding project developments and land -4,141 -3,292 -3,346
Completed property portfolio 59,886 55,190 57,120
Annualised cash passing rental income, excl. additional charges 3,717 3,506 3,540
Property outgoings -531 -524 -526
Annualised net rents 3,186 2,982 3,014
EPRA NIY 5.3 5.4 5.3
Added rent free periods 69 60 84
Annualised net rents after rent-free periods 3,255 3,042 3,098
EPRA "topped-up" NIY 5.4 5.5 5.4

* including accrued interest

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures ey Definitions Calendar Contact

Definitions

Some of the financial metrics that Wihlborgs presents in the interim report are not defined in accordance with IFRS. Wihlborgs is of the opinion that these metrics provide valuable complementary information to investors and the company's management, since they enable evaluation of the company's performance.

As all companies do not apply the same approach to calculating these financial metrics, they are not always comparable to metrics used by other companies. Accordingly, these metrics should not be viewed as replacements for metrics defined under IFRS. On this page, definitions of metrics are presented that, with a few exceptions, are not defined in accordance with IFRS.

Key financial ratios

The key ratios are based on the statements of income, financial position, changes in equity and cash flow. Some of the historic data is compiled from the historical summary on page 21 in Wihlborgs' Interim Report.

Return on equity

Profit for the period as a percentage of average equity, excluding non-controlling interests. Average equity refers to the average of the opening and closing values for the respective period. In interim reports, the return is converted to its annualised value without taking account of seasonal variations. The ratio comprises a measure of the profitability in relation to shareholders' equity.

Return on capital employed (ROCE)

Earnings before interest expense, derivatives and taxes (EBIT) as a percentage of average capital employed. Capital employed is defined as total assets less non-interest-bearing liabilities and provisions. Average capital employed refers to the average of the opening and closing balances for each period. In interim reports, the return is converted to its annualised value without taking account of seasonal variations. The metric shows the return on the capital provided by shareholders and lenders without regard to interest.

Equity/assets ratio

Equity as a percentage of total assets at the end of the period. The ratio provides a measure of the financial strength of the company.

Interest coverage ratio

Income from property management, plus interest expense, divided by interest expense. The ratio measures the degree to which earnings can decline without jeopardising interest payments or, alternatively, how much interest expense can increase before income from property management becomes negative.

Loan-to-value ratio, properties

Borrowings as a percentage of the properties' carrying amounts. The ratio shows the degree of borrowing on the property portfolio.

Debt/equity ratio

Interest-bearing liabilitites relative to equity. Interest-bearing liabilities include borrowings, lease liabilities and any other interest-bearing liabilities.The ratio illustrates the relationship between borrowings and equity and, thereby, the gearing and financial strength.

Surplus ratio

The operating surplus, shown as a percentage of rental income. The ratio illustrates the proportion of rental income that remains after deducting property management costs.

Investment yield

The operating surplus shown as a percentage of the properties' average carrying amount. The average carrying amount refers to the average of the opening and closing values for the respective period. In interim reports, the yield is converted to its annualised value without taking account of seasonal variations. The ratio illustrates the yield on the property portfolio without taking account of its financing costs.

Net Debt / EBITDA

Borrowings minus liquid assets in the financial statements, measured at five measurement occasions (quarterly) in the last twelve months, divided by operating surplus minus central administration, rolling twelve months. The key figure shows the company's earning capacity relative to borrowings, net.

Exchange rate changes on rental income

When calculating the period's revenue increase, comparable currencies are used. As each period is converted to current exchange rates, exchange rate differences arise on rental income in comparison between two periods.

Average fixed interest period

Time remaining until the interest on all interest bearing debts in average has been adjusted.

Average loan maturity

Time remaining until an average of all interest bearing debts has been refinanced.

Share-related key ratios

Earnings per share for the period

Earnings for the period divided by the average number of shares outstanding. Earnings per share are the same before and after dilution. Definition according to IFRS.

Earnings per share before tax

Earnings per share before tax divided by the average number of shares outstanding.

P/E ratio I, multiple

Market price per share divided by earnings per share. In interim reports, the ratio is converted to its annualised value without taking account of seasonal variations.

P/E ratio II, multiple

Market price per share divided by EPRA RPS per share. In interim reports, the ratio is converted to its annualised value without taking account of seasonal variations.

Cash flows from operating activites per share

Cash flows from operating activities divided by average number of shares outstanding.

Dividend yield per share

Proposed dividend as a percentage of the year-end share price.

Total yield per share

Share price performance plus actual dividend relative to the share price at the start of the year.

EPRA key ratios

EPRA EPS

Income from property management less the estimated tax payable on taxable income from property management divided by the average number of shares outstanding. Taxable income from property management is defined as income from property management less fiscal depreciation/amortisation, direct deductions and none deductible interest rates. The effect of loss carryforwards is not taken into consideration.

EPRA NDV - Net disposal value, per share

The closing balances for equity divided by the number of shares at the end of the period.

EPRA NRV - Net reinstatement value, per share

The closing balances for equity following the reversal of interest-rate derivatives and deferred tax according to the balance sheet, divided by the number of shares at the end of the period.

EPR LTV

The group's long- and short-term interest-bearing liabilities plus net working capital (if negative) minus cash and cash equivalents, in relation to the properties' reported value plus net working capital (if positive). With the addition of the group's share of corresponding items in associated companies.

EPRA NIY

Annualised rental income (excluding additional charges and including Joint ventures) based on the cash rents passing at the balance sheet date, less non-recoverable property operating expenses, divided by the market value of the properties.

EPRA Topped-up NIY

This measure incorporates an adjustment to the EPRA NIY in respect of the expiration of discounted rent periods.

Property-related key figures*

These key figures are based on the property table on page 9. The table shows the estimated rental value, rental income and property expenses on an annualised basis with an unchanged property portfolio, based on the contract stock on the first day after the end of the period.

Rental value

Rental income plus estimated market-level rents for unlet space.

Estimated investment yield

Operating surplus as a percentage of the carrying amount for the properties at the end of the period.

Rental income per m2

Rental income on an annualised basis divided by lettable area.

Operating surplus per m2 Operating surplus divided by lettable area.

Economic occupancy rate Rental income as a percentage of rental value.

Estimated surplus ratio Operating surplus as a percentage of rental income.

Net Lettings New lettings during the period less terminations to vacate.

Like-for-like

Excludes properties that both current and comparative period are classified as projects/land, aquired or sold.

Four reasons to invest in Wihlborgs

An attractive region

Our home region of Öresund has strong population growth, a young and well-educated demographic, world-class technological development, good commuting possibilities and shrinking distances to the continent through, for example, the coming Fehmarn Belt connection. At the same time Copenhagen Airport strengthens its position. These are the factors that make businesses grow and attract global corporations to locate their regional headquarters here. 1

Building value-generating clusters Wihlborgs' properties are located in selected sub-markets that provide growth and development potential. We create dense clusters of proper-2

ties, industries and networks that enable tenants to relocate, grow and develop within our portfolio. We know the market and the region well and can quickly identify new needs and trends. Wihlborgs is the leading property company in Malmö, Lund and Helsingborg.

Long-term and responsible owner

Wihlborgs is a long-term owner that develops and manages properties under its own auspices with a high level of service and local suppliers. We invest in flexible premises that can be adapted according to tenants' changing needs, with stringent requirements for quality and sustainability, while also ensuring low operating costs. We take the economy, people and the environment into account in all our decisions, and have recognised low ESG risk. Our goal is to halve scopes 1, 2 and 3 emissions by 2030, and to have net zero CO2 emissions by 2045. 3

Stable growth and financing

Wihlborgs has grown robustly for many years and raised the dividend for 18 consecutive years. This was made possible by our focus on continuously improving cash flow. Our strong operating profit relative to our borrowing creates good financial stability, which allows us to maintain an attractive portfolio of ongoing and planned projects, and to capture new business opportunities as they arise. 4

Calendar

CEO´s comments Market comments Income, expenses and profit Assets Sustainable business Liabilities and equity Financial reports Key figures Definitions Calendar Contact

Interim report Jan-Sep 23 October 2025
Year-end report 2025
10 February 2026
Interim report Jan-Mar 2026 21 April 2026

Wihlborgs' interim reports and the Annual Report are distributed electronically at www.wihlborgs.se. The Annual Report is printed in Swedish and sent to any shareholders notifying the Company that they wish to receive it in printed form.

Press releases Q2 2025

Wihlborgs' interim report for January-June 2025 will be presented on 7 July

30 June 2025
Cybersecurity company Sciber expands at Hyllie – moves to Wihlborgs' property Vista

25 June 2025
From SEK 7 to 60 billion in property value – Wihlborgs celebrates 20 years as listed
22 May 2025
Segers Mat opens new location at Wihlborgs new build in central Lund
21 May 2025
Wihlborgs Fastigheter AB (publ) AGM 2025

29 April 2025
Interim report Jan-Mar 2025: Strong income from property management

28 April 2025
Wihlborgs' interim report for January-March 2025 will be presented on 28 April
24 April 2025
Swedish Agency for Accessible Media moves to Wihlborgs property in Dockan
14 April 2025
Wihlborgs lets 24,000 square metres to Aarsleff in Copenhagen

8 April 2025
Wihlborgs signs carbon reduction certificate agreement with Öresundskraft

3 April 2025
Wihlborgs publishes Annual and Sustainability Report 2024

1 April 2025

This interim report is information of such a kind that Wihlborgs Fastigheter AB (publ) is legally required to disclose pursuant to the EU's Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the contact people on the next page on 7 July 2025 kl. 07.30 CET.

Welcome to us.

Being able to adapt to developments in society to remain relevant has always been our strength. Wihlborgs is growing and developing every day, especially during these challenging times. This is all so we can be the customer-centric, long-term and region-building company that we are.

Contact

Ulrika Hallengren, CEO +46 (0)40-690 57 95, [email protected]

Arvid Liepe, CFO +46 (0)40-690 57 31, [email protected]

Malmö – Headquarters

Wihlborgs Fastigheter AB Box 97, 201 20 Malmö Visits: Dockplatsen 16 Phone: +46 40 690 57 00

Helsingborg

Wihlborgs Fastigheter AB Terminalgatan 1 252 78 Helsingborg Phone: +46 42 490 46 00

Lund

Wihlborgs Fastigheter AB Ideon Science Park Scheelevägen 17 223 70 Lund Phone: +46 46 590 62 00

Copenhagen

Wihlborgs A/S Mileparken 22A DK-2740 Skovlunde, Danmark Phone: +45 396 161 57

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