Financial report of Echo Investment Group – Q3 2025

Echo Investment Q3 2025 results presentation

Agenda

1. Highlights

2. Key Financial Data

3. Living - Residential for Sale 04 Living - Resi4Rent

1. Living - Student Housing

2. Commercial - Office and Retail 07 ESG

1. Financials

2. Q&A

Highlights 01

Commercial 5

LIBERO K

atowice

Sold in October 2025

Fully leased building sold to Estonian-based investment company SUMMUS Capital

The price amounted to EUR 103m

Stable and well-known tenants: Biedronka, H&M, TK Maxx, Helios, Media Markt, Smyk, Rossmann, CCC, Benefit Systems, Empik, Euro-net, LPP, Pepco, New Yorker, Action, KIK, Kappahl, KIK

Achieved high efficiency certificate BREEAM In-Use and has joined the elite group of only 20 properties in Poland that can boast the prestigious BREEAM In-Use certificate at the OUTSTANDING level in categories Asset Performance and Building Management

Commercial 6

Brain Par

k - Krakow

Building C sold in November 2025

One of the buildings (C) of the BRAIN Kraków complex sold to Greenstone Asset Management for approx. EUR 33m

13,700 square meters of modern space packed with the latest offices technology in great location in Krakow

Building fully leased to the stable and well-known tenants: Volvo Car Poland, EPAM System, EMS, Enata

Achieved high efficiency certificates Breeam Outstanding, Well HS, Wired Score confirm the highest level of building compliance with ESG trends

Brain A&B to be separated into two parts for greater flexibility in single sales

Resi4Rent 7

Resi 4 Rent sa

le of 18 project all over the Poland

PSPA signed in Q3 2025/ closing expected in coming quarters

5,322 PRS units in 18 operating projects sold to Vantage Development, part of TAG Immobilien Group

The transaction value will be PLN 2.4 billion (EUR 565m) implying 6.3% NOI yield

Benchmark transaction on CEE PRS investment market

Transaction applies only to completed and operating projects, R4R continues to develop the platform

Echo Investment is 30% owner, remaining shares owned by PIMCO/Griffin Capital Partners

The conclusion of the final sale agreement is planned in coming quarters

Commercial 8

Towarow

a 22 Office House

30% Echo stake in company sold to AFI in Q3 2025 in line with the put agreement

T22 Office House with area of 32,500 sqm financed by Santander Bank and PeKaO

The value of the building for the calculation of the share price was EUR 160.5m

Leased to international prime tenants including anchor from media sector, Emagine, Crowe Advartis Accounting, Damco, Polska Grupa

Biogazowa, Change Studio

AFI Europe as the single owner of the building after September transaction

Fit-outs of the building are in progress; the first tenants operate on their premises from Q2 2025

Office House achieved BREEAM Interim certification at the "Outstanding" level, with a record score of 97.9% in Warsaw and one of the best in the world. Powered by green energy and equipped with a triple-layer façade, heat recovery, and an intelligent management system, it minimizes energy consumption and environmental impact

Commercial 9

CITI 2 by

Archicom

Sold in H1 2025

The price amounted to EUR 31m

Fully leased building sold to the Polish private investor

Stable and well-known tenants: Bank Millenium, Orange, NFZ, Asseco, CitySpace

Achieved high efficiency certificates WELL Health-Safety Rating and LEED O+M Platinum demonstrate the developer's strong emphasis on ESG

Assets earmarked for sale in 2025

Highlights 10

Modern buildings, ESG compliant, very well leased and in prime locations to be disposed on the investment market with signs of recovery and with above market results

Free cash from the sales of more than PLN 0.8bn (PLN 0.4bn already received), remaining after project debt repayment, to be used to:

• reduce corporate debt of the Group

• invest in new projects, especially projects/platforms in living sector and prime offices in the Warsaw CBD and

• pay dividend - PLN 330m advanced payment in 12'25

Disposals of commercial assets to result after Q3'25 in reduction of PLN 0.53bn of debt directly financing this projects:

• PLN 0.34bn of debt is already repaid and

• PLN 0.19bn is still planned, which alone would translate into a reduction of a net debt ratio by approx. 5%

City 2

100% leased

by Archicom, Wroclaw

Towarowa22 B

>90% leased, Warsaw

Brain Park C

≈100% leased, Krakow

Libero

≈100% leased, Katowice

Brain Park A

≈100% leased, Krakow

Brain Park B

≈100% leased, Krakow