EQS-News: CPI Europe releases unaudited financial results for the first half of 2025

EQS-News: CPI Europe AG / Key word(s): Half Year Results/Real Estate
   CPI Europe releases unaudited financial results for the first half of 2025

   28.08.2025 / 18:15 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   CPI Europe AG

   Wienerbergstrasse 9

   1100 Vienna, Austria

    

   FN 114425y Commercial Court in Vienna

   VAT ID: ATU 37681807

   Data Processing Register No. 0607274

    
   Press Release – Corporate News

   Vienna, 28 August 2025

     

   CPI Europe releases unaudited financial results for the first half of 2025

    

     • Rental income declined slightly year-on-year to €280.6 million due to
       strategic sales
     • EBIT increased to €324.8 million
     • Net profit rose to €211.0 million
     • FFO 1 after tax was €131.3 million
     • Cash and cash equivalents at €616.2 million
     • Equity ratio of 46.9% and substantially lower net LTV of 43.0%

    

   KEY DATA                                      Q1–2 2025 Q1–2 2024   Δ IN %
   Rental income                       € million     280.6     292.5    (4.1)
   Results of asset management         € million     233.4     249.8    (6.6)
   Results from owner-operated hotels  € million       1.5       3.4   (56.8)
   Results of property sales           € million     (6.2)       5.5    n. a.
   Results of property development     € million     (0.5)     (0.3)   (89.2)
   Results of operations               € million     195.1     221.9   (12.1)
   Revaluation result from standing
   investments and goodwill            € million     129.7    (82.5)    n. a.
   Operating profit (EBIT)             € million     324.8     139.4 ≥ +100.0
   Financial results                   € million    (79.1)    (41.7)   (89.7)
   Earnings before tax (EBT)           € million     245.7      97.7 ≥ +100.0
   Net profit                          € million     211.0      43.0 ≥ +100.0
   FFO 1 after tax                     € million     131.3     149.9   (12.4)

    

   Revaluation result from standing investments and goodwill totalled
   €129.7 million and reflects the market stabilisation which began in 2024.
   Financial results declined in comparison with the previous year to –€79.1
   million, mainly due to non-cash negative valuation effects from interest
   derivatives in the first half of 2025.

   Optimised property portfolio
   CPI Europe’s property portfolio includes 368 assets with a combined value
   of €7,716.0 million as of 30 June 2025. Standing investments represented
   €7.552,2 million, or 97.9% of the carrying amount, and 3.1 million sqm of
   rentable space. The occupancy rate equalled 94.0%. The weighted average
   unexpired lease term by rental income (WAULT) equalled 3.9 years. Sales of
   non-core assets totalled €551.7 million at the end of June 2025.

   Robust balance sheet and successful financing
   CPI Europe had a robust balance sheet structure as of 30 June 2025 with an
   equity ratio of 46.9% and a substantially lower net loan-to-value (net
   LTV) of 43.0%. Cash and cash equivalents amounted to €616.2 million.
   Approximately 96.5% of financial liabilities were hedged against changes
   in interest rates. CPI Europe was also successful in refinancing during
   the reporting period: financing of more than €330 million was concluded
   for the STOP SHOP portfolio in the Czech Republic, Serbia, Slovenia and
   Italy and for an office property in Budapest. In addition, €129.6 million
   of the corporate bond due in 2027 was repurchased. These transactions
   further improved the maturity profile of debt.

   The IFRS book value per share rose to €30.09. The EPRA NTA per share
   improved to €32.75 as of 30 June 2025, and reflects the net profit
   generated in the first half of 2025.

   Adjusted portfolio strategy
   CPI Europe and S IMMO aligned their corporate strategies and portfolio
   orientation in August 2025 with the asset classes of CPI Property Group.
   Specifically, the existing types of use office and retail were expanded to
   include the relevant asset classes and core markets of the parent company.
   This step is intended to further optimise the companies’ investment
   profile through increased portfolio diversification. There will be no
   changes in the group-wide ESG strategy or the goal to provide tenants in
   all of the company’s core markets with highly attractive properties.

   The half-year financial report by CPI Europe AG as of 30 June 2025 will be
   available on the company’s website under [1]cpi-europe.com starting on 28
   August 2025.

   Interim report for the first half of 2025 by S IMMO AG
   S IMMO AG published its results on the first half of 2025 yesterday. Total
   revenues rose to €184.9 million. This improvement resulted mainly from a
   good like-for-like performance. Rental income totalled €113.1 million.

   Gross profit improved to €110.0 million, while EBITDA benefited from sound
   operating development and increased to €130.1 million. Net profit rose to
   €95.8 million compared with the same period last year. This increase was
   supported primarily by non-cash effects in financial results, a decline in
   administrative expenses, higher operating results and income from property
   sales. Earnings per share equalled €1.36.

   Additional details are provided in the interim report for the first half
   of 2025 which is available on the S IMMO website under [2]simmoag.at.

    

   For additional information contact:

   Investor Relations and Corporate Communications

   CPI Europe AG
   Simone Korbelius
   Investor Relations and Corporate Communications

   T +43 (0)1 88 090 2291
   M +43 (0)699 1685 7291
   communications@cpi-europe.com
   Investor.Relations@cpi-europe.com

    

   S IMMO AG
   Sylwia Milke
   Investor Relations and Corporate Communications

   T +43 (0)1 22 795 1123 
   sylwia.milke@simmoag.at

   For more CPI Europe content, visit our website: [3]cpi-europe.com

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   28.08.2025 CET/CEST This Corporate News was distributed by EQS Group.
   www.eqs.com

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   Language:    English
   Company:     CPI Europe AG
                Wienerbergstraße 9
                1100 Vienna
                Austria
   Phone:       +43 (0) 1 88090 - 2291
   Fax:         +43 1 88090 - 8291
   E-mail:      Investor.Relations@cpi-europe.com
   Internet:    http://cpi-europe.com/
   ISIN:        AT0000A21KS2
   WKN:         A2JN9W
   Listed:      Regulated Unofficial Market in Berlin, Frankfurt, Munich,
                Stuttgart, Tradegate Exchange; Warschau, Vienna Stock
                Exchange (Official Market)
   EQS News ID: 2190174


    
   End of News EQS News Service


   2190174  28.08.2025 CET/CEST

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