Abitare In SpaMIL: ABT

Approval of the Interim Report as at June, 30 2025

· Issued by Abitare In Spa
PRESS RELEASE ABITAREIN APPROVES THE INTERIM MANAGEMENT REPORT AS OF JUNE 30, 2025 (THIRD QUARTER) FOCUS ON THE DIVERSIFICATION OF BUSINESS STRATEGIES CONSOLIDATED REVENUES: € 84.6 MILLION CONSOLIDATED EBITDA: € 9.6 MILLION FINANCIAL HIGHLIGHTS (consolidated figures as at 30 June 2025 - prepared in accordance with IFRS international accounting standards)
  • CONSOLIDATED REVENUES € 84.6 million (€ 52.2 million as of June 30, 2024)
  • CONSOLIDATED EBITDA € 9.6 million (€ 10.8 million as of June 30, 2024)
  • CONSOLIDATED EBT € 2.0 million (€6.1 million as of June 30, 2024)
  • CONSOLIDATED GROUP EQUITY € 108.5 million (€107.3 million as of September 30, 2024)
  • CONSOLIDATED NET FINANCIAL DEBT € 142.9 million (€ 89.1 million as of September 30, 2024)
  • MORTGAGE LOANS APPROVED: € 184.4 MLN, OF WHICH USED: € 83.7 MLN
  • CONSOLIDATED GROUP NET PROFIT € 1.1 million (€3.0 million as of June 30, 2024) HIGHLIGHTS AT THE CURRENT DATE (net of delivered apartments)
  • PIPELINE, PROPERTY UNDER DEVELOPMENT: 223,000 1 SALEABLE SQUARE METRES FOR 2,440 EQUIVALENT APARTMENTS2

  • AVERAGE NET SALEABLE AREA PURCHASE COST: 645 €/SQM
  • ORDER BOOK: 420 EQUIVALENT APARTMENTS2FOR EURO 193 MILLION
  • DOWN PAYMENTS/DEPOSITS BASED ON PRELIMINARY CONVEYANCE AGREEMENTS SIGNED: EURO 57.3 MILLION
  • UNITS DELIVERED3: 8644FOR EURO 326 MILLION

Milan, August 7, 2025 - The Board of Directors of AbitareIn S.p.A. (AbitareIn or the Company), a Milanese leader in residential development listed on the MTA, STAR Segment of Borsa Italiana S.p.A., has today

‌1Of which 19,900 sqm to be built under affordable and/or social housing and 16,500 sqm to be developed in the co-living formula by the subsidiary Homizy SIIQ

‌2No. of apartments, considering an average surface area of 92 m2 for the marketing in unrestricted building and 82 m2 for social housing. The actual number of apartments built and for which contracts have been signed - without prejudice to the combined floor area (m2) - may vary depending on the level of customisation of the surface area of the real estate units.

‌3Cumulative data of all apartments delivered by the Group

‌4Number of apartments recalculated based on the average size of the "standard-units"

Abitare In S.p.A.

Registered office: Via degli Olivetani 10/12, 20123 Milan - Operating Headquarters: Viale Umbria 32, 20135 Milan

Company listed on Euronext Milan, Euronext STAR Milan segment (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550

info@abitareinspa.com - abitareinspa.pec@mypec.eu

Share capital Euro € 133,074.795 fully paid in - Share premium reserve: Euro 41,080,488





approved the consolidated interim management report of the AbitareIn Group as of June 30, 2025 (third quarter of the fiscal year).

Luigi Gozzini, Chairman of AbitareIn, commented on the results "The urban planning framework in Milan has now entered a phase of extraordinary complexity, which has further intensified over the past few weeks. This scenario, which has already been directly affecting our operations for some time, continues to have a significant impact on our results. We have implemented all necessary measures to incorporate the new developments into both our current results and future projections, while being fully aware that we are still operating in an evolving context. Naturally, we continue to adapt to the new regulations introduced for the issuance of planning permits, including through the submission of Urban Implementation Plans (Piani Attuativi) for the development of our projects. These will represent an opportunity to gain greater clarity and to foster stronger territorial engagement in urban planning processes."

Marco Grillo, CEO of the Company, added: "In a context marked by clear exogenous challenges linked to local urban planning regulations, our commitment remains focused on the operational management of projects in the pipeline, the consolidation of ongoing activities, and the diversification of our business strategies. As a company, we are facing this phase with discipline and responsibility, working on an evolution of our operating model that will allow us greater flexibility and responsiveness, while continuing to prioritize the affordable residential market for families. This market is showing signs of consolidation, supported by improved access to credit and a steadily growing interest in new properties-an area in which Milan continues to stand out for its attractiveness and resilience."

Summary of the main consolidated financial results as at 30 June 2025

The third quarter of the fiscal year closed with CONSOLIDATED REVENUES amounting to €84.6 million (€52.2 million as of June 30, 2024), primarily derived from:

  • Euro 10.6 million in Revenue from Sales, derived from the notarial deeds of the remaining real estate units from the Trilogy Towers project and of the first building of the Porta Naviglio Grande Project (€ 13.6 million as of June 30, 2024).
  • Euro 10.5 million in change in inventory for the purchase of new real estate complexes related to the final deed of purchase of the area located in the Greco district in Milan (€2.7 million as of June 30, 2024);
  • Euro 40.3 million of positive change in inventories for progress of works net of the discharge consequent to the handover of the apartments to customers (positive change of € 30.8 million as of June 30, 2024). Production progress amounts to Euro 51.1 million.
  • Euro 23.1 million in Other Revenues (€ 5.1 million as of June 30, 2024), primarily including:
    • Increases in ongoing tangible assets related to investments in properties intended for lease in the form of co-living held by subsidiaries Smartcity Siinq S.r.l. and Deametra Siinq S.r.l. respectively for an amount of € 6.8 million and € 11.9 million;

    • Contribution related to building incentives for an amount of € 2.2 million;

    • Other service revenues to third parties related to pre and post-sales services held by the holding company AbitareIn for an amount of € 0.4 million.

Abitare In S.p.A.

Registered office: Via degli Olivetani 10/12, 20123 Milan - Operating Headquarters: Viale Umbria 32, 20135 Milan

Company listed on Euronext Milan, Euronext STAR Milan segment (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550

info@abitareinspa.com - abitareinspa.pec@mypec.eu

Share capital Euro € 133,074.795 fully paid in - Share premium reserve: Euro 41,080,488





CONSOLIDATED EBITDA amounting to € 9.6 million (€ 10.8 million as of June 30, 2024) CONSOLIDATED EBT, amounting to € 2.0 million (€ 6.1 million in the third quarter 2024), is significantly impacted by the urban planning deadlock within the Municipality of Milan, leading to delays in the launch of new projects, and by the incorporation of the City's new guidelines regarding the updated regulations for the issuance of planning authorizations.

The GROUP FINANCIAL DEBT amounts to Euro 142.9 million (Euro 89.1 million as at 30 September 2024), of which over €115 million refers to ongoing projects. The change is mainly attributable to ordinary operations, including total investments of € 62.9 million, the payment of advances related to the future purchase of new land for €1.2 million, and the acquisition of new land for €5.5 million (net of advances already paid in previous financial years). These outflows were offset by proceeds mainly from the notarized deeds of residential units for a total of approximately €11 million, and by deposits and down payments received under preliminary agreements for marketed projects, amounting to approximately € 4.8 million.

Financial Debt 30.06.2025

amounts in Euro units

30.06.2025

30.09.2024

Change

  1. Cash and cash equivalents

  2. Means equivalent to cash and cash equivalents

  3. Other current financial assets

6,124,515

-3,009,215

13,776,733

-9,317,621

(7,652,218)

-(6,308,406)

D. Liquidity (A) + (B) + (C)

9,133,730

23,094,354

(13,960,624)

E Current financial payables

F. Current portion of non-current debt

5,595,150

40,814,336

-

16,382,080

5,595,150

24,432,256

G. Current financial debt (E) + (F)

46,409,486

16,382,080

30,027,406

H. Net current financial debt (G) - (D)

37,275,756

(6,712,274)

43,988,030

  1. Non-current financial payables

  2. Debt instruments

  3. Trade payables and other non-current payables

105,687,962

-

-

95,827,647

-

-

9,860,315

-

-

L. Non-current financial debt (I) + (J) + (K)

105,687,962

95,827,647

9,860,315

M. Total financial debt (H) + (L)

142,963,718

89,115,373

53,848,345

Abitare In S.p.A.

Registered office: Via degli Olivetani 10/12, 20123 Milan - Operating Headquarters: Viale Umbria 32, 20135 Milan

Company listed on Euronext Milan, Euronext STAR Milan segment (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550

info@abitareinspa.com - abitareinspa.pec@mypec.eu

Share capital Euro € 133,074.795 fully paid in - Share premium reserve: Euro 41,080,488





Development Pipeline Overview

As of today, the Group's development pipeline consists of 20 areas, excluding projects already completed and delivered, totalling approximately 223,0005 square meters of commercial space, corresponding to about 2,440 standard apartments6, located in various semi-central and semi-peripheral areas of the city of Milan, in high-growth potential contexts.

Of the apartments in the pipeline, 4205units have been sold (on a preliminary basis) as of today, for a total value of approximately €193 million, with contractual advances (guaranteed by an insurance surety policy) totaling €57.3 million. Currently, 3545apartments are under construction.

Delivered Units7

To date, the Group has delivered 8648apartments, for a total value of almost €326 million.

Outlook

In the current fiscal year, AbitareIn will continue its activities in marketing the authorized projects, constructing the projects already marketed, as well as scouting and land developments for new areas.

The notarized deeds (rogiti) for the Porta Naviglio Grande project will continue, and the deeds for other projects currently under construction will be initiated. These projects account for approximately €140 million in sales revenue.

As previously announced, the Company has expanded its business model through partnerships with other operators. Within these partnerships, AbitareIn provides its technological platform and expertise in marketing and sales, product optimization and floor plan design, apartment customization, and customer care services.

The Company is also evaluating the possibility of increasing its presence in the Rome market and other cities, in light of the current situation in Milan. Additionally, it is investing in the development of new product types that involve the preservation of existing buildings, aiming to reduce construction timelines and environmental impact-both during development and in terms of energy efficiency.

***

It is noted that the Half-Yearly Financial Report as at June 30 2025 is available to the public at the company's registered office, on the Company's website https://www.abitareinspa.com under the Investors Section and on the authorised storage mechanism 1 Info Storage (https://www.1info.it/PORTALE1INFO).

‌5 Of which 19,900 sqm to be built under affordable and/or social housing and 16,500 sqm to be developed in the co-living formula by the subsidiary Homizy SIIQ

‌6 No. of apartments, considering an average surface area of 92 m2 for the marketing in unrestricted building and 82 m2 for social housing. The actual

number of apartments built and for which contracts have been signed - without prejudice to the combined floor area (m2) - may vary depending on the level of customisation of the surface area of the real estate units.

‌7 Cumulative data of all apartments delivered by the Group

‌8 Number of apartments recalculated based on the average size of the "standard-units"

Abitare In S.p.A.

Registered office: Via degli Olivetani 10/12, 20123 Milan - Operating Headquarters: Viale Umbria 32, 20135 Milan

Company listed on Euronext Milan, Euronext STAR Milan segment (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550

info@abitareinspa.com - abitareinspa.pec@mypec.eu

Share capital Euro € 133,074.795 fully paid in - Share premium reserve: Euro 41,080,488





***

The Manager in charge of preparing the accounting and corporate documents Cristiano Contini declares, pursuant to paragraph 2 of article 154 bis of the Consolidated Law on Finance (Legislative Decree 58/1998), that the accounting information contained in this press release corresponds to the documentary results, accounting books and records.

It should also be pointed out that in this press release, in addition to the conventional financial indicators provided for by IFRS, some alternative performance indicators are presented in order to allow for a better assessment of the economic and financial performance. These indicators are calculated according to the usual market practices.

***

AbitareIn S.p.A. represents innovation and a paradigm shift in the residential development sector, driven by its democratic vision of living that combines urban regeneration, affordability and the needs of today's families.

Efficiency, industrialisation and the creation of an identity brand are the foundations of a continuous and sustainable growth of the business model that focuses on the person and the home as an "aspirational" consumer product.

AbitareIn is thus committed to renovating the city's disused building stock and reviving its urban fabric, investing in projects of great aesthetic, environmental and social value and dedicating itself to responsible, far-sighted action; aware first and foremost of the essential nature of its new role as #stilistiurbani. The company has been listed on the Euronext Growth Milan of Borsa Italiana since April 2016. From 1 March 2021 it has been listed on the Euronext STAR Milan (ticker: ABT.MI).

Alphanumeric code of the shares: ABT ISIN: IT0005445280

Contacts:

Investor Relations Abitare In Eleonora Reni

ereni@abitareinspa.com

Press Office

Barabino&Partners

Federico Vercellino - 331.57.45.171 f.vercellino@barabino.it

Alice Corbetta - 340.45.57.565 a.corbetta@barabino.it

Abitare In S.p.A.

Registered office: Via degli Olivetani 10/12, 20123 Milan - Operating Headquarters: Viale Umbria 32, 20135 Milan

Company listed on Euronext Milan, Euronext STAR Milan segment (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550

info@abitareinspa.com - abitareinspa.pec@mypec.eu

Share capital Euro € 133,074.795 fully paid in - Share premium reserve: Euro 41,080,488



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