Entra

Earnings Release • Jul 11, 2025

Entra ASA: Q2/H1-25 - Growth in net income from property management and property values, strong letting, and increased occupancy

Entra ASA: Q2/H1-25 - Growth in net income from property management and property values, strong letting, and increased occupancy

11.7.2025 07:00:00 CEST | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Rental income was 770 (853) million in Q2 2025, and 1 544 (1 730) million for

the first six months of 2025. Despite the reduction in rental income, net income

from property management increased to 352 (348) million in the quarter,

primarily driven by lower interest costs. Net income from property management

for the first six months was 671 (673) million. Net value changes were 191 (2)

million in the quarter and 159 (-1 625) million for the first six months, driven

by positive value changes of investment properties of 289 and 283 million,

respectively. Profit before tax was 534 (344) million for the quarter and 813

(-969) million for the first six months. Net asset value (EPRA NRV) increased to

166 per share.

Gross letting was strong in the quarter, with new and renegotiated leases

generating an annual rent totalling 203 million (62 900 sqm). Net letting came

in at 22 million. As of 30 June 2025, occupancy in the management portfolio was

94.6 per cent, up from 93.8 per cent in Q1 2025. The average unexpired lease

term of contracts was 6.1 years, including the project portfolio.

During the first quarter, Entra started one refurbishment project. Entra's

climate targets have been validated by the Science Based Targets initiative

(SBTi) under the new standard for the building sector, as the first real estate

company in Norway.

(NOK million) | Q2-25 | Q2-24 | H1-25 | H1-24 | 2024

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Rental income | 770 | 853 | 1 544 | 1 730 | 3 267

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Net operating income | 713 | 785 | 1 420 | 1 584 | 2 991

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Net income from property management | 352 | 348 | 671 | 673 | 1 308

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Net value changes | 191 | 2 | 159 | -1 625 | -1 332

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Profit before tax | 534 | 344 | 813 | -969 | -56

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(NOK per share) | Q2-25 | Q2-24 | H1-25 | H1-24 | 2024

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Cash Earnings | 1.91 | 1.89 | 3.65 | 3.66 | 7.11

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EPRA NRV | 166 | 158 | 166 | 158 | 162

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EPRA NTA | 165 | 156 | 165 | 156 | 160

Entra ASA will present its financial and operational results today at 08:30 CET

via a live webcast. The webcast can be followed from:

https://entra.no/investor-relations. The presentation, along with the full

quarterly report, is available on the company's website.

Oslo, 11 July 2025

Entra ASA

For further queries please contact:

Sonja Horn, CEO, tel: +47 905 68 456, email: sh@entra.no

Ole Anton Gulsvik, CFO, tel: + 47 995 68 520, email: oag@entra.no

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

ABOUT ENTRA ASA

Entra is a leading owner, manager, and developer of office properties in Norway.

The company owns and manages around 80 properties, totalling approximately 1.3

million square metres, located in the Greater Oslo region, Bergen, and

Stavanger. Entra's tenant base primarily comprises public sector entities and

high-quality private tenants on long-term leases. The company's strategy focuses

on creating value through profitable growth, being the preferred office

provider, and environmental leadership.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/16126567/18596017/6293/Download%20announce

ment%20as%20PDF.pdf

Q2-2025 Report.pdf -

https://kommunikasjon.ntb.no/ir-files/16126567/18596017/6292/Q2-2025%20Report.pd

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