1Q FY25/26 Financial Results

30 July 2025

• Key Highlights Page 4

• Financial Performance Page 7

• Portfolio Highlights Page 15

• Commitment to Sustainability Page 31

• Outlook Page 34

• Appendix 1: Market Information Page 38

• Appendix 2: Other Asset Information Page 56

VivoCity, SG

Key Highlights

Financials and Capital Management

1Q FY25/26

Distribution per Unit ("DPU")

NAV per Unit S$1.74

Aggregate Leverage

Operational Performance

Assets Under Management ("AUM")1

S$15.7 billion

17 commercial properties across five key gateway markets of Asia

Portfolio Committed Occupancy

Portfolio WALE

Note:

• Where "Hong Kong" or "HK" is mentioned, it refers to the Hong Kong Special Administrative Region.

• Due to rounding differences, figures throughout this presentation deck may not add up, and percentages may not total 100%.

1. Based on the exchange rates as at 30 June 2025 and include MPACT's 50% effective interest in The Pinnacle Gangnam.

5

Financial Performance

1Q FY25/26 vs 1Q FY24/25

• Singapore showed sustained strength: 2.9% growth in NPI led by VivoCity

• Lower operating expenses and finance costs: Achieved savings through lower utility rates and strategic debt reduction

• 1Q FY25/26 DPU of 2.01 Singapore cents: Cushioned by Singapore's stability and strategic divestment amid overseas headwinds

  Capital Management

• Maintained stable balance sheet: With continued sub-40% gearing

• Achieved lower weighted cost of debt: Proactive management to ensure sufficient stability while positioning for favourable rate movements

  Portfolio Performance

• Agile leasing strategies: Delivered 89.3% portfolio committed occupancy despite market pressures

• Early key renewal at MBC: Demonstrates effective tenant

  retention and underlying asset appeal

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• Portfolio rental uplift: Underpins core resilience with continued emphasis on cash flow stability

  
  
  

  Portfolio Performance (cont'd)

  VivoCity

• Sustained outstanding performance: 6.0% NPI growth despite AEI disruptions; with robust rental reversion reflecting long-term strength

• Basement 2 AEI progressing well: Phase 1 completed; Phase 2 expansion near full commitment and ready for progressive opening from September 2025

• Year-on-year ("yoy") tenant sales growth despite ongoing AEI

  Festival Walk

• Marketing initiatives continue to drive footfall although

  tenant sales largely affected by record-high outbound travel

  Proposed Divestment of Two Japan Properties

• Continued portfolio optimisation: Uplift portfolio quality and mitigate single-tenant risk

• Singapore remains MPACT's core foundation: Provides long-term stability with more than 50% of AUM holdings