Información trimestral correspondiente al segundo trimestre de 2025 (3 MB)

Barcelona, 5 de agosto de 2025

Barcino Property SOCIMI, S.A. (en adelante "Barcino", la "Sociedad" o la "Compañía"), 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 concordantes, así como en la Circular 3/2020 de BME MFT Equity sobre información a suministrar por empresas incorporadas a negociación en el segmento BME Growth de BME MTF Equity, (en adelante "BME Growth") pone en su conocimiento la siguiente:

OTRA INFORMACIÓN RELEVANTE

Barcino ha publicado en su página web el informe trimestral correspondiente al segundo trimestre de 2025. La presentación se adjunta al presente documento, sin perjuicio de la posibilidad de consultar el mismo en la página web de la Sociedad (https://www.barcinoproperty.com)

De conformidad con lo dispuesto en la Circular 3/2020, se hace constar que la información comunicada por la presente ha sido elaborada bajo la exclusiva responsabilidad de la Sociedad y de sus administradores.

Quedamos a su disposición para cuantas aclaraciones precisen.

BARCINO PROPERTY SOCIMI, S.A.

Q2 2025 Results Presentation

AU G U S T 2 0 2 5

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DISCLAIMER

This presentation (the "Presentation") has been prepared by Barcino Property SOCIMI, S.A. ("Barcino") and Vistalegre Property Management, S.L., -the Barcino's managing company-("VPM"). This Presentation does not constitute and should not be construed as an offer, inducement, invitation to sell or issue, or the solicitation, inducement or invitation of an offer to buy, subscribe or acquire securities of Barcino and/or VPM. This Presentation is solely for informational purposes and should not be treated as investment advice or as any recommendation to take any decision. In addition, this Presentation does not consider the specific investment objectives, financial situation or particular needs of any recipient in any jurisdiction nor does it contain all the information necessary to fully evaluate any investment or transaction.

Accordingly, no part of this Presentation nor the fact of its distribution or communication should form the basis of, or be relied upon in connection with, or act as any inducement to enter into any contract, commitment or investment decision whatsoever in relation to any securities or otherwise. This Presentation was not prepared for the purpose of being used in connection with any offering of securities. This Presentation has not been independently verified and Barcino and/or VPM do not make any representation, warranty or undertaking, express or implied, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information, opinions or projections contained in the Presentation. Barcino and VMP and its respective current shareholders, advisers, officers, employees or agents shall have no liability whatsoever for any direct or consequential loss, damages, costs or prejudices whatsoever arising from any use of this Presentation or its contents or otherwise arising in connection with this Presentation.

Some of the information contained in the Presentation including, among other things, forecasts, goals, strategies, assessments and estimates are related to events factors, changing economic, business or other market conditions or prospect of growth anticipated by Barcino and/or VPM which are other than statements of historical facts and which realization is uncertain and is beyond the control of Barcino and/or VPM (the "Forward Looking Statements"). Forward Looking Statements can be identified from the context they are made. By their nature, Forward Looking Statements involve known and unknown risks, uncertainties, assumptions, estimates and other factors which do not constitute a proven fact, are based solely on Barcino's and VPM's subjective estimates and are not intended to give any assurances as to future results. There can be no assurance that Forward Looking Statements will prove to be

accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward Looking Statements due to the inherent uncertainty therein. Whether or not the information will materialize and will be affected, amongst other things, by risk factors inherent in the Public Investment Vehicle's operations, as well as developments in the general environs and external factors that affect the Public Investment Vehicle's operation, which cannot be estimated in advance and that are not within the control of Barcino and/or VPM.

Market and competitive position data in the Presentation has generally been obtained from industry publications and studies conducted by third parties. Certain statements in the Presentation regarding the market and competitive position data are based on the internal analyses of Barcino and/or VPM, which involve certain assumptions and estimates. These internal analyses have not been verified by any independent sources and there can be no assurance that the assumptions or estimates are accurate. Accordingly undue reliance should not be placed on any of the industry, market or competitive position data contained in the Presentation.

This Presentation and the information contained in the Presentation are provided as of the date of this Presentation and are subject to change, and Barcino and/or VPM are not under any obligation to update, complete, revise, verify, amend or keep current the information contained herein, whether as a result of new information, future events or results or otherwise. The information contained in the Presentation must not be relied upon for any purpose. Furthermore, anyone who is interested in making an investment, should inform itself independently and conduct its own investigation and analysis of the information contained in this Presentation, consult with legal, regulatory, tax, business, investment, financial and accounting advisers to the extent that he deems necessary, and should make his own investment decisions based upon his own judgment and advice from such advisers as he deems necessary and not upon any view expressed by Barcino and/or VPM or expressed in this Presentation.

This Presentation shall be governed and construed in accordance with the laws of Spain without regard to its conflict of law provisions and the receiver of this Presentation hereby irrevocably consents to the exclusive jurisdiction of, and venue in, the competent jurisdiction located in Barcelona, Spain.

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TABLE OF CONTENTS

01

Business Review

02

Q2 2025 Results

03

Q2 2025 KPIs

04

Capex

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01/ BUSINESS REVIEW

• Q2 2025 Gross Operating Income €523k, down -28% YoY

• Q2 2025 Adjusted Net Operating Income (*) €249k, down -42% YoY

• Q2 2025 EBITDA (*) €2.0m

  Excluding the impact of empty units for sale and units sold Q2 2025 GOI is down -6% YoY

• New Management agreement has been amended and extended to end 2027 to reflect focus on disposals

• Fees consist of a fixed yearly fee and variable fees based on dividends and share buybacks

  RICS VALUATION AND NAV PER SHARE

• Q2 2025 RICS VALUATION, that is 2024 RICS valuation adjusted for Q1-Q2 sales, €44.5m

• Q2 2025 Net debt, €2.9m, compared to €9.9m at year end

• Implied Q2 2025 NAV per share €1.78 post dividend and share buyback (€1.81 adjusted for the distributed dividends)

  Q2 2025 unaudited figures

  (*) Reconciled on the next slide

  DISPOSALS AT ATTRACTIVE VALUATIONS

• During Q2 2025, Barcino has completed the sale of 14 residential units for €5.1m, broadly in line with RICS valuation

• Gains related to the 14 completed sales amount to €2.4m

• Since 30 June, Barcino has completed the sale of one additional residential unit for €0.2m

  CAPEX AND FINANCING

• Capex of €0.5m in H1 2025

• Repaid the mortgage loans of two of our buildings and three ICO loans totaling €1.03m in Q2 2025

• As of Q2 2025 end debt amounted to €8.7m, net cash and cash equivalents to €5.5m and bank deposits to €0.3m, giving a net debt of €2.9m

  DIVIDENDS AND SHARE BUYBACKS

• Dividend paid on June 25. Gross dividend of €0.0345 per share (net dividend €0.0279 per share)

• 1m shares purchased in Q2 25 at €1.45 per share

  
  
  

• Since 30 June, an additional 0.9m shares have been purchased at €1.45 per share

  5 - BARCINO PROPERTY SOCIMI, S.A.

  BARCINO PROPERTY
  In EUROS	Q2 2025 (*)	Q2 2024(*)	Var 25/24 %
  P & L
  Rental Income	522,625	729,956
  GROSS OPERATING INCOME (GOI)	522,625	729,956	-28%
  OPERATING EXPENSES	(167,292)	(202,178)	-17%
  NET RENTAL INCOME (NRI)	355,333	527,778	-33%

  02/ Q2 2025 RESULTS

  GROSS OPERATING INCOME:

• GOI of €523k, down by -€207k,

  -28% YoY

• BA GOI down -€8k compared to

  GENERAL AND ADMINISTRATIVE COSTS:

• In line with Q2 2024

  Q1 2024 a decrease of -5% YoY

  	% margin	68%	72%
  ADJUSTED NOI:	Staff costs	(51,425)	(44,849)
  - Decrease of -€180k, -42% YoY, due to a	General and administrative expenses	(54,689)	(54,090)

• Impact of units sold after Q4 2024 on GOI of -€173k

• GOI of the remainder of the portfolio including mid-term, long-term and

  ADJUSTED NET OPERATING INCOME (NOI)	249,219	428,839	-42%
  Management Fee	(267,589)	(29,358)
  NET OPERATING INCOME (NOI)	(18,370)	399,481	-105%
  Non recurring expenses	(373,279)	(21,541)
  Excess provisions & other income and expenses Gains or losses on disposals	(1,555) 2,435,946	(3,856) 48,954
  EBITDA	2,042,742	423,039

  commercial leases, are down -€26k, a

  -7% decrease YoY

  decrease in revenues and higher short term lower margin GOI in the mix

  OPERATING EXPENSES:

• Letting and platform fees down -€6k

• Short-term and mid-term costs down

  -€24k from Q2 2024

  STAFF COSTS:

• Personnel costs up €6.6k from Q2 2024 due to salary increases

  NOI AND EBITDA:

• Property management fees €268k

• Non recurring expenses €314k, mainly related to asset sales

  INTEREST:

• Interest expenses decrease of -€73k due mainly to the repayment of

  2 mortgages and 3 ICO loans

  Depreciation & amortisations (175,846) (207,731)

  EBIT 1,866,896 215,307

  Net interest (136,051) (208,592)

  EBT 1,730,845 6,715

  (*) Q2 2025 and Q2 2024 Unaudited figures

  
  
  

  6 - BARCINO PROPERTY SOCIMI, S.A.

  03/ Q2 2025 KPIs

  LFL MID TERM-REVENUES OCCUPANCY MID-TERM

  300. 000

  280. 000

  260.000

  240.000

  220.000

  200.000

  180. 000

  300,000

  280,000

  260,000

  240,000

  220,000

  200,000

  -7%

  100%

  90%

  80%

  70%

  60%

  -5%

  180,000

  50%

  Q2 2024* Q2 2025* Q2 2024* Q2 2025*

  LFL mid term Q2 revenue decrease based on 49 units -7% YoY

  (*) Q2 2025 and Q2 2024 Unaudited figures

  Occupancy down from 93% to 88%

  
  
  

  Based on 49 units

  
  
  

  7 - BARCINO PROPERTY SOCIMI, S.A.

  04/ REMAINING CAPEX

• Major capex finalized in July 2025

• Capex for a building that could benefit from refurbishment could amount to c.€0.6m

• There are still life leases and long-term lease units that may benefit from refurbishment in the future. Additional capex could add up to

€1m over time

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CONTACTS

Josep Turró

President of the Advisory Committee | Barcelona

jturro@vistalegrepm.com

Laura Turró

COO | Barcelona

lturro@vistalegrepm.com

Olga Sevillano

CFO | Barcelona

osevillano@vistalegrepm.com

Q2 2025 Results Presentation

AUGUST 2025