Valartis Group AG rue de Romont 29*3 CH- 7 o Fribourg FR Switzerland
Ad Hoc announcement pursuant to AFt 53 LR
26 August 202a
Valartis Group AG - Consolidated financial statements for first half-year 2025
Valartis Group reported a half-year gain of CHF 8.6 million in line with previous half-year net gain of CHF 8.6 million. The operating income remained at similar level compared to the previous year, while administrative expenses raised by s per cent. The half-year EBITDA amounted to a profit of CHF 3. million (previous half-year: CHF 3.3 million)
Business development
Income from Management Services remained stable to CHF 1.3 ITllllion compared to the previous half-year reflecting stable advisory activities.
Income from investment property, CHF 2.1 FFlillion compared to CHF 1.7 ITlillion during the previous half-year, was essentially related to the rental income, which increased by 21 percent in base currency.
The result of associated companies, a gain of CHF 1.6 million compared to a gain of CHF
4 million during the previous half-year was driven by the Valartis Group stake in Norinvest Holding SA, which is valued higher by CHF 1.o million than in the previous year comparative period thanks to the favourable result of Banque Cramer and an income of CHF o.6 million was generated by our shipping investments.
In March 2025, the Group liquidated one of its subsidiary releasing a liability of CHF z.o million, which was recognised over the current half-year period.
Operating expenses rose by § per cent to CHF q.1 million from CHF 3.9 ITlillion driven mainly by personnel expenses as well as advisory and legal costs.
AS dt 3 June 2o2§, the net finance result has increased compared to the previous period, with a net gain of CHF §.§ million, up from CHF 4 3 lTIiIIion for the first six months of 2O24 The financial income, set at CHF 11 9 ITlillion, included a foreign exchange gain of CHF s million primarily on the investment property and non-current receivables. The financial expenses incurred amounted to CHF 6 3 ITlillion, mainly due to the termination of a derivative contract. However, this was compensated by an equivalent gain following the
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successful renegotiation of an external investment facility and recognised under the
financial income.
Financial situationThe consolidated shareholders' equity amounts to CHF zoi.6 million as of 3 June 2o2§ ( z December 2o24 CHF 9 .o million). This corresponds to an equity ratio, i.e. total equity in per cent of balance sheet total, of 72.s per cent (31 December 2o24 6§ 4 per cent). Equity increased comparing o June 2o2§ with 3 December 2o24 mainIy thanks to the net gain for the first semester 2o2§ and the foreign exchange translation differences.
The Half-year Report is available in pdf-form under https://www.vaIartisgroup.ch under Investor Relations: https://http://www.vaIartisgroup.ch/wp-content/uploads/2O25*O8/HYR 202 Valartis Group en.pdf
Valartis Group AG rue de Romont 29*3 CH- 7 o Fribourg FR Switzerland
Phone +4 58 ROI 62 20
Fax +4* s8 Not 62 22
Agenda
Annual Report 202a
Annual General Meeting 2o26
1 March 2026
§ May 2o26
For further information please contact:
Corporate Communications & Marketing, Valartis Group AG Tel. +4* 44 5 3 54 zO, corporate.communications@vaIartis.ch
Valartis Group
Valartis Group is an international finance group headquartered in Fribourg (Switzerland) and is listed on the Swiss stock exchange, SIX Swiss Exchange. Business operations encompass the fields of Financial Services, Real Estate Project Management and Participations.
https://www.vaIartisgroup.ch
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