Ad Hoc announcement pursuant to AFt 53 LR
1 March 2oz6
Group Financial Statements 2025of Valartis Group - Business Development and Economic
Valartis Group maintained a solid operational performance throughout zo s According to International Financial Reporting Standards ("IFRS"), Valartis Group reported a net gain of CHF 7.4 million (previous year: net gain of CHF 8.i million). Net operating income totalled CHF If.fl million (previous year: CHF 18.z million) and was supported by robust growth in the income from investment property, which balanced more moderate contributions from management services and associated companies compared to the previous year.
Income from investment properties totalled CHF 4 4 ITllllion during the period, compared with CHF 4 ITllllion in the previous year, supported by a low vacancy rate and recurring rent increases. Management services fees amounted to CHF 2 7 ITlillion in 2o s. compared with CHF $.z million in zo24. reflecting a normalisation of income in line with underlying business activity and the strengthening of the Swiss franc.
The result of associated companies contributed a gain of CHF 6 3 ITllllion (previous year: CHF J1.9 ITlillion) thanks to the successful operating environment in the shipping sectors and contribution of the banking associated company. The joint venture investments in multi-purpose ships delivered stable daily time charter rates in 2o25. driven by the sustained demand for versatile vessels capable of transporting diverse cargoes. Additionally, the feeder container market benefited from improved daily charter rates. In October 2o25, the container feeder ship joint-venture company capitalised on a favourable market opportunity by disposing of its ship, generating a solid gain for the Group. Proceeds from the disposal have been reinvested in another joint-venture company that also holds a container feeder ship, financed on more favourable terms. The associated banking company's profitability declined from the prior year's strong performance, reflecting a less favourable interest rate environment and higher expenses linked to the evolving regulatory landscape.
Administrative expenses remained broadly stable at CHF 8. million in line with previous year.
Valuation adjustments, provisions and losses totalled CHF s z million in zoz (* *4 CHF o.z million), primarily reflecting fair value adjustments on loans granted to the flower-
valartis
producing joint-venture company (CHF 6.g million) amid a challenging operating environment. This was partly offset by a positive fair value adjustment on the real estate investment properties
The net finance result showed a gain of CHF 6.9 ITllllion in zoz (2024 IOSs of CHF 2.§ million), driven primarily by the successful buy-out of the loan originally drawn to finance the investment property on favourable terms and favourable foreign exchange effect.
The consolidated equity amounted to zo 7 Mlllion at 1 December zo25 (z1December 2024 CHF gz.o million). This increase was primarily driven by the annual result of CHF 7.4 million and positive foreign exchange translation differences of CHF J 7 Mlllion, besides smaller movements. Overall, this corresponds to an equity ratio (i.e. total equity in per
cent of balance sheet total) of 8o 4 per cent (previous year: 6§ 4 per cent).
A pdf version of the 2o2§ Annual Report is available in English at: https://vaIartisgroup.ch/wp-content/upIoadS/2026/ 3 Valartis group dr 2o2§ en.pdf
Key Figures at a Glance Please refer to enclosure.
Agenda
Closing date of the Shareholders' Register z6 April zoz6 Annual General Meeting 2o26 $ May 2oz6
Half-year results 2Oz6 2$ August zO26
For further information, please contact:
Corporate Communications & Marketing, Valartis Group AG Tel. +4* 44 5 3 54 , 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
2
KEY FIGURES AT GLANCE
Key Figures | ||||
in CHF 1,000 | 1.1.-31.12.2025 | 1.1.-31.12.2024 | ||
Total operating income | 15,520 | 18,228 | ||
Income from management services | 2,732 | 3,201 | ||
Income from investment property | 4,427 | 3,419 | ||
Share of results of associated companies | 6,332 | 11,919 | ||
Other income/(expense) | 2,029 | -311 | ||
Administrative expense | -8,308 | -8,360 | ||
Personnel expense | -4,795 | -4,754 | ||
General expense | -3,513 | -3,606 | ||
Earnings before depreciation, valuation adjustments, provisions, interest and taxes | 7,212 | 9,868 | ||
Depreciation, valuation adjustments and provisions | -5,650 | -416 | ||
Earnings before interest and taxes (EBIT) | 1,562 | 9,452 | ||
Finance result, net (financial income, financial expense, market value adjustment) | 6,924 | -2,486 | ||
Net result from continued operations before taxes | 8,486 | 6,966 | ||
Taxes | -1,058 | 1,119 | ||
Net result from continued operations | 7,428 | 8,085 | ||
Net result from discontinued operations | - | - | ||
Net result | 7,428 | 8,085 | ||
attributable to shareholders of Valartis Group AG | 7,410 | 7,013 | ||
attributable to non-controlling interests | 18 | 1,072 | ||
in CHF 1,000 | 31.12.2025 | 31.12.2024 | ||
Total assets | 125,162 | 139,170 | ||
Current assets | 36,921 | 53,478 | ||
Non-current assets | 88,241 | 85,692 | ||
Total liabilities | 24,490 | 48,185 | ||
Current liabilities | 21,411 | 45,290 | ||
Non-current liabilities | 3,079 | 2,895 | ||
Total shareholders' equity (including non-controlling interests) | 100,672 | 90,985 | ||
Equity capital quota, in per cent | 80.4 | 65.4 | ||
Staff (full-time equivalents, FTE) | 35.5 | 36.1 | ||
Outstanding Shares (Nominal CHF 1.00 per share) | 3,023,295 | 3,023,295 | ||
Closing price of VLRT share, in CHF | 12.20 | 12.50 | ||
Equity of Shareholders per share, in CHF | 34.87 | 32.30 | ||
Dividend per share, in CHF | - | - | ||