Zambal Spain Socimi Sa · BME:YZBL
Zambal Spain Socimi Sa — Shareholder Meeting (June 2026)
21 slides from Zambal Spain Socimi Sa's shareholder meeting presentation, Jun 29, 2026
Slide 1: Otra Información Relevante - Zambal Spain Socimi
OTRA INFORMACIÓN RELEVANTE ZAMBAL SPAIN SOCIMI, S.A. 29 de junio 2026 En virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, y disposiciones c
Slide 2: General Shareholders Meeting 29th June 2026
General Shareholders Meeting 29th June 2026 1
Slide 3: Business Highlights
1. Business Highlights More than €1,400M invested since 2013 in Spain 403,171 sqm GLA ~88.3% Portfolio Occupancy Limited recourse to bank financing undisposed credit facility of €100M Current External RICs Valuation of Portfolio (31/12/2025): €1,221M 2
Slide 4: Business Highlights
1. Business Highlights ~81% of the portfolio’s GLA being office space Lease agreements focused on high- profile corporate tenants Multidisciplinary management team with a wide experience in the sector At least 80% profit-distribution as dividends as per SOCIMIs Legislation Net Operating Income (NOI)
Slide 5: Who are we?
1. Who are we? • Zambal Spain Socimi S.A. (hereinafter Zambal) is an investment vehicle created in 2013. Zambal’s purpose is to invest and subsequently manage prime real estate assets in well-consolidated markets. • Zambal is mainly focused on a long-term investment policy, principally based on asse
Slide 6: 2025 Summary
2. 2025 Summary 1) Zambal 2025’s Higlights: I. During 2025, net rental income decreased by €2.3 million, primarily due to the CINESA rent concessions, the departure of Lexxer from Lérida 44, and the surrender of three floors by NTT. This decrease was partially offset by CPI-indexed rent uplifts and
Slide 7: Portfolio Evolution
3.1. Portfolio Evolution 1.400 Portfolio Evolution 1.200 1.000 800 Million € 600 400 200 0 Valuation - December 2021 Valuation - December 2022 Valuation - December 2023 Valuation - December 2024 Valuation - December 2025 Acquisition value Market value RICS valuations by an external expert. “Acquisit
Slide 8: Assets Acquired in 2013
4. Assets Acquired in 2013 AVDA. DE SAN LUIS 25 (Madrid) OFFICE BUILDING ▪ Acquisition Date: September 2013 ▪ GLA: 16,889 sqm + 403 parking units ▪ Tenant: UNEDISA (RCS Media Group) The building is located in the north of Madrid between the M-30 and M-40 satellite highways and has direct access to t
Slide 9: Assets Acquired in 2014
4. Assets Acquired in 2014 PRINC BUILDING (Madrid) OFFICE BUILDING ▪ Acquisition Date: June 2014 ▪ GLA: 9,798 sqm + 187 parking units ▪ Tenant: ENAGAS Located in the Embajadores neighborhood of Madrid, which is enjoying sustainable growth thanks to the Madrid Río urban park and the Mahou beer maker,
Slide 10: Assets Acquired in 2015
4. Assets Acquired in 2015 AVDA. DE AMÉRICA 115 (Madrid) OFFICE BUILDING ▪ Acquisition Date: September 2015 ▪ GLA: 50,421 sqm + 1,503 parking units ▪ Tenant: VODAFONE SPAIN Located on the North side of the avenue América, it connects with the A-2 in both directions, with the M-40 to the North and wi
Slide 11: Assets Acquired in 2016
4. Assets Acquired in 2016 AVDA. DE MANOTERAS 40 (Madrid) LEISURE CENTRE ▪ Acquisition Date: May 2016 ▪ GLA: 12,923 sqm + 980 parking units ▪ Tenant: Multi tenant; 95% occupied (Main tenant CINESA) The Manoteras Leisure Centre, located in the North periphery of Madrid, with its façade fronting direc
Slide 12: Assets Acquired in 2017
4. Assets Acquired in 2017 SANTIAGO DE COMPOSTELA 96 (Madrid) OFFICE BUILDING ▪ Acquisition Date: November 2017 ▪ GLA: 14,731 sqm + 182 parking units ▪ Tenant: Community of Madrid Office building located on the M-30, in the northwest area of Madrid. The property consists of 14 floors above ground wi
Slide 13: Assets Acquired in 2018
4. Assets Acquired in 2018 NOVUS BUILDING (Madrid) OFFICE BUILDING ▪ Acquisition Date: October 2018 ▪ GLA: 42,945 sqm + 561 parking units ▪ Tenant: NTT Data HQ, Hilti and Eurest Grade A office building located in Camino Fuente de la Mora 1, in Manoteras business area. The property is located between
Slide 14: Assets Acquired in 2023
4. Assets Acquired in 2023 FRANCISCO GERVÁS 10 (Madrid) OFFICE BUILDING ▪ Acquisition Date: December 2023 ▪ GLA: 7,954 sqm + 168 parking units ▪ Tenant: Community of Madrid Building near Paseo de la Castellana, with an area of 7,954 square meters, distributed over 14 floors above ground and three ba
Slide 15: Assets Acquired in 2025
4. Assets Acquired in 2025 VILLADANGOS DEL PÁRAMO (León) LOGISTIC WAREHOUSE ▪ Acquisition Date: December 2025 ▪ GLA: 64,087 sqm + 982 parking units ▪ Tenant: DIA (leading Spanish grocery retail group) A prime logistics asset located in Villadangos del Páramo (León). The property is fully leased to D
Slide 16: Asset held for sale in 2025
4. Asset held for sale in 2025 AVDA. DE BURGOS 118 (Madrid) OFFICE BUILDING ▪ Acquisition Date: January 2015 ▪ Sale decision: 2025 ▪ GLA: 11,682 sqm + 495 parking units (*) ▪ Tenant: BMW A standalone building located in a prestigious business park at the junction of the A-1 and M-11 highways, adjace
Slide 17: Financial Information - Assets
5. Financial Information (€'000) Balance sheet 31/12/2025 31/12/2024 Variance % Variance Non-current assets 881,170 842,564 38,606 4.58% Property, Plant & Equipment (PPE) 997 948 49 5.17% Investment properties 839,384 831,598 7,786 0.94% Equity Method investments 34,048 - 34,048 100.00% Long-term in
Slide 18: Financial Information - Equity and Liabilities
5. Financial Information (€'000) Balance Sheet 31/12/2025 31/12/2024 Variance % Variance Equity 787,066 785,882 1,184 0.15% Share capital 646,006 646,006 - 0.00% Share Premium 66,522 66,522 - 0.00% Reserves 50,810 46,395 4,415 9,52% Treasury shares (669) (670) 1 (0.15%) Profit/(loss) for the year 20
Slide 19: Financial Information - Income Statement
5. Financial Information (€'000) Income Statement 31/12/2025 31/12/2024 Variance % Variance Incomes 60,681 62,940 (2,259) (3,59%) Total Revenue 60,681 62,940 (2,259) (3,59%) Staff Costs (259) (255) (4) 1,57% Other Operating Expenses (17,932) (17,101) (831) 4,86% Fixed Asset Depreciation (16,608) (16
Slide 20: Financial Information - EBITDA
5. Financial Information €'000 31/12/2025 31/12/2024 Income 60,681 62,940 EBITDA* 42,575 45,631 Investment Properties (IP) & PPE 840,381 832,546 % EBITDA / IP 5.07% 5.48% * EBITDA is calculated as Operating Result - Fixed Asset Depreciation - Impairment 19
Slide 21: Disclaimer
6. Disclaimer This presentation has been prepared by Zambal Spain Socimi, S. A. (the Company) for informational use only. The information contained in this presentation does not purport to be comprehensive or to contain all the information that a prospective purchaser of securities of the Company ma
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