Ec World Reit · SGX:BWCU
Ec World Reit — EC World Real Estate Investment Trust — FY2025 Earnings Presentation
16 slides from Ec World Reit's earnings presentation, Feb 27, 2026
Slide 1: 4QFY2025 Results Presentation
4QFY2025 Results Presentation 27 Feb 2026
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumpti
Slide 3: Agenda
Agenda Section A 4QFY2025 Key Highlights Section B Financial Review Section C Portfolio Update 2
Slide 4: Section A: 4QFY2025 Key Highlights
Section A: 4QFY2025 Key Highlights 2/27/2026 3
Slide 5: 4QFY2025 Key Highlights
4QFY2025 Key Highlights ▪ 4QFY2025 gross revenue and NPI were down by 55.6% and 67.7% y-o-y respectively, mainly due to the termination of MLAs upon lease expiry, lower contribution from underlying leases, decrease in market rent and late fee income, offset by Financials and income contribution from
Slide 6: No Distribution Expected in FY2025
No Distribution Expected in FY2025 ▪ Distribution for 1H2023 scheduled for 28 September 2023 has been deferred to a future date when there is sufficient free cash. ▪ There was no distribution for 2H2023 and FY2024 declared due to insufficient fund ▪ As per offshore facility agreement, permitted dist
Slide 7: Section B: Financial Review
Section B: Financial Review 2/27/2026 6
Slide 8: 4QFY2025 (Year-on-Year) Summary Results
4QFY2025 (Year-on-Year) Summary Results Year-on-Year 4QFY2024 • Gross revenue and NPI declined 55.6% 4QFY2025 Variance (%) Comparison (Restated) and 67.7% y-o-y respectively Gross revenue (S$’000) 6,983 15,742 (55.6) • In RMB terms, after relevant distribution Net property income 4,428 13,712 (67.7)
Slide 9: 4QFY2025 (Quarter-on-Quarter) Summary Results
4QFY2025 (Quarter-on-Quarter) Summary Results Quarter-on-Quarter • Gross revenue and NPI decreased 4QFY2025 3QFY2025 Variance (%) Comparison 35.4% and 50.8% q-o-q respectively Gross revenue (S$’000) 6,983 10,803 (35.4) • In RMB terms, gross revenue and NPI Net property income was 36.5% and 51.6% low
Slide 10: FY2025 Summary Results
FY2025 Summary Results Year-on-Year FY2024 • Gross revenue and NPI decreased 56.2% FY2025 Variance (%) Comparison (Restated) and 61.6% y-o-y Gross revenue (S$’000) 40,350 92,056 (56.2) • In RMB terms, after straight-lining of step-up Net property income rental, security deposit accretion and other 3
Slide 11: Balance Sheet
Balance Sheet As at As at S$’000 31 December 2024 31 December 2025 (Restated) Cash and cash equivalents 6,757 4,513 Investment Properties(1) 554,039 713,726 Total Assets 670,537 878,307 Borrowings 473,679 480,382 Total Liabilities 780,637 846,753 Net Assets attributable to Unitholders (110,100) 31,5
Slide 12: Capital Management
Capital Management Key Metrics as at 31 December 2025 Aggregate Leverage • 73.5%(1) (31 December 2024 Restated: 57.0%) • Aggregate – 8.8% p.a. FY2025 Blended Running Interest Rate(2)(3) • Onshore – 5.7% p.a. • Offshore – 10.0% p.a. Weighted Average Debt Maturity(4) • 0.09 years Interest coverage rat
Slide 13: Section C: Portfolio Update
Section C: Portfolio Update 2/27/2026 12
Slide 14: Existing Portfolio
Existing Portfolio Average Committed Occupancy of 83.4% E-Commerce Logistics Assets Asset Lease Structure（1） Committed Occupancy Key Highlight Fu Heng Warehouse Coveted property; supporting e- Multi Tenanted 77.3% (“FHCC”) commerce fulfilment Fuzhou E-Commerce Situated next to Fu Heng. An integrated
Slide 15: Quality and Differentiated Asset Portfolio
Quality and Differentiated Asset Portfolio Average committed occupancy of 83.4% as at 31 December 2025 Lease Expiry Profile of Portfolio Portfolio Diversification By Net Lettable Area WALE by NLA: 1.1 years WALE by Gross Rental Income: 0.9 year 25.7% 23.4% 48.2% 42.9% 29.0% 31.2% Total: 23.8% 927,
Slide 16: Thank You
For queries, please contact: Investor Relations EC World Asset Management Pte. Ltd. Tel: +65 6221 9018 ir@ecwreit.com www.ecwreit.com Thank You 2/27/2026 15
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