Quarterly financial information at 30 September 2025

Recovery underway in Residential – Solid performance in Retail – Significant progress in Photovoltaics and Data Centers – 2025 guidance confirmed

Residential: increase in new orders, ramp-up of the new offer, revenue growth resumed
New orders: increase of +14% in volume (6,113 units) and +6% in value (€1,400m)
Strong rebound in building permits granted (8,826 units1)
Revenue growth back on track in Q3 (+3,6%2)

Retail REIT: strong operating metrics
Tenant’s revenue up +1.2%
Rental income (9-month) up +1.7% to €184.7m

Business Property: solid progress on ongoing Offices & Logistics projects

Photovoltaics and Data centers: significant milestones
Photovoltaic: partnership signed with Crédit Agricole Group3 covering 125 MWp
Accelerated development in edge data centers in colocation and AI-dedicated hyperscale data centers

Financials
Consolidated revenue (9-month) €1,429.1m (-14,1%), 74.8% aligned with EU taxonomy4
Long-term credit rating upgraded to BBB- “stable”

2025 guidance confirmed
Altarea confirms its guidance of a slight increase in FFO5 for 2025, as well as a stable dividend per share to be paid in 2026, assuming no deterioration in the political, geopolitical, macroeconomic, or public health environment.

Full-year 2025 results to be published on Tuesday, February 24, 2026 (after market close)
Results presentation meeting: Wednesday, February 25, 2026 at 8:30 a.m.

Unaudited data as of September 30, 2025

^{1 Compared with 6,166 units obtained for the full year 2024.
2 Revenue recognised on a percentage-of-completion basis for Q3 2025 compared with Q3 2024.
3 With Altarea retaining 25%. See the press release issued today after market close, available on the Group’s website under the Newsroom section.
4 Compared with 68.6% for the full year 2024.
5 Funds from operations: net income excluding changes in value, calculated expenses, transaction costs, and changes in deferred tax. Group Share.}