Vitura: 2025 Annual Results

About this update from Vitura Sa

PARIS, April 02, 2026 --( BUSINESS WIRE )--Regulatory News: Vitura (Paris:VTR): Appeal of the portfolio confirmed by leases signed with major names As part of an ambitious strategy to reposition its property portfolio, Vitura has chosen to reinvent its offices to design workplaces that combine a welcoming atmosphere, flexibility and a commitment to sustainability. Its properties are faithful to the latest trends – with direct access to low-impact mobility solutions and private gardens – and are perfectly suited to the needs of international groups, which require medium to large units. Over the course of 2025, Vitura welcomed a number of prestigious tenants, testifying to its appeal. BPCE Group took up space at Rives de Bercy, a 31,000 sq.m redesigned campus in Charenton-Le-Pont, bringing its occupancy rate to 71%. The Dauphine Executive Education program's teams moved into Europlaza, a tower located in the heart of La Défense, Europe’s leading business district. Thanks to these signings, the Group has extended the average remaining lease term to over six years, posting an EPRA yield of over 5% for the portfolio. The overall core portfolio occupancy rate was 81% at December 31, 2025, compared with 69% at December 31, 2024, an increase of 12 points. The start of 2026 was also marked by the renewal of a number of leases with first-rate tenants at Arcs de Seine in Boulogne-Billancourt, for a total of 16,000 sq.m, representing a third of the building. For example, Huawei, one of the world's leading telecommunications providers, extended its lease for a non-cancelable term of nine years. These transactions have increased the average remaining lease term for the property to over seven years, with an occupancy rate of 80%. The satisfaction and loyalty of the Company's tenants are also important performance indicators. Since 2017, leases have been extended or renewed on 87% of leased space. Key financial figures Rental income remained stable at €43.8 million, up almost 2% year on year, with index-linked rent increases contributing 3.5%. EPRA earnings represented €8.5 million at December 31, 2025 vs. €2.7 million at December 31, 2024 on a like-for-like basis (excluding the companies holding the Passy Kennedy and Office Kennedy assets, which were deconsolidated). The €5.8 million increase corresponds to higher operating income (positive €3.1 million impact) and lower financial expenses (positive €2.8 million impact). The estimated value (excluding transfer duties) of the core portfolio stood at €794 million, up 1.7% year on year. With Hanami, the estimated value (excluding transfer duties) of the portfolio stood at €865 million, down 1.3%. Net income (expense) progressed to an expense of €21 million vs. an expense of €104 million in 2024 (excluding the gain on the disposal of the companies holding the Passy Kennedy and Office Kennedy properties), driven by an improvement in the change in fair value of properties and financial instruments. EPRA NTA stood at €271.6 million at December 31, 2025, representing €15.9 per share, stable compared with €275 million one year earlier. The Group's IFRS consolidated net debt stood at €593 million at December 31, 2025, down €7 million compared with 2024, due to the repayment of borrowings over the period. 85% of the Group's borrowings is made up of green loans. Prothin's outstanding loans amounted to €506 million at December 31, 2025. The refinancing process for debt maturing in July 2026 has been initiated with the existing banking pool as well as prospective new lenders. The Group is confident that the refinancing will have a positive outcome, given the quality of the assets, the rental performance and the portfolio's 81% occupancy rate. Vitura is taking various steps to improve the rental situation at the Hanami campus. Discussions are underway with the banking pool to extend the maturity of the debt due in June 2026 (representing 15% of Group debt). On April 1, 2026, the Board of Directors approved the parent company and consolidated financial statements as at December 31, 2025 and the statutory audit reports are currently being issued. A recognized proactive CSR commitment In 2025, Vitura remained committed to achieving carbon neutrality by 2050, posting a 56% reduction in CO2 emissions since 2013, exceeding the 53% reduction target set for 2030. Thanks to a concerted, on-the-ground approach, and the close relationship Vitura has with its tenants, energy consumption has fallen by 37% since 2013. This ongoing, committed approach has been recognized. Vitura has once again received a 5-star rating in the 2025 Global Real Estate Sustainability Benchmark (GRESB). Each year, the GRESB assesses and compares the performance of real estate companies worldwide, providing reliable information for the financial markets. This year, Vitura once again received two Gold Awards from the European Public Real Estate Association (EPRA) for the quality and transparency of its financial and non-financial reporting. Key figures About Vitura Created in 2006, Vitura is a listed real estate company ("SIIC") that invests in prime office properties in Paris and Greater Paris. The total value of the portfolio was estimated at €865 million at December 31, 2025 (excluding transfer duties). Thanks to its strong commitment to sustainable development, the Company’s leadership position is recognized by ESG rating agencies. Vitura ranks in the top 20% of the 2025 Global Real Estate Sustainability Benchmark (GRESB) ranking and has been ranked world number 1 four times. It has also received two Gold Awards from the European Public Real Estate Association (EPRA) for the quality and transparency of its financial and non-financial reporting. Vitura is a REIT listed on Euronext Paris since 2006, in compartment B (ISIN: FR0010309096). Visit our website to find out more: www.vitura.fr/en APPENDICES Reconciliation of Alternative Performance Measures (APM) IFRS Income Statement (consolidated) IFRS Balance Sheet (consolidated) IFRS Statement of Cash Flows (consolidated) French GAAP Income Statement French GAAP Balance Sheet   View source version on businesswire.com: https://www.businesswire.com/news/home/20260401976965/en/ Contacts For more information, please contact:  Investor relations Charlotte de Laroche [email protected] Media relations Aliénor Miens [email protected]  \ +33 6 64 32 81 75

View stock analysis, news, and events for Vitura Sa