===== SIDA 1 ===== Q2 2025 Interim report January - June ===== SIDA 2 ===== About NP3 NP3’s business concept is to, with tenants in focus, acquire, own and manage high-yielding commercial properties, primarily in northern Sweden. NP3 owns and manages properties in the industrial, logistics, retail, offices and other categories. The property portfolio is spread across eight business areas: Sundsvall, Gävle, Dalarna, Östersund, Umeå, Skellefteå, Luleå and Middle Sweden. The company has its domicile and head office in Sundsvall. Major events in the second quarter • At the beginning of May, NP3's Annual general meeting was held, where the meeting resolved, in accordance with the Board of Directors’ proposal, on a dividend of SEK 5.20 per common share and a dividend of SEK 2.00 per preference share. The AGM approved the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet for 2024. The meeting also resolved to discharge the members of the Board of Directors and the CEO from liability for the 2024 financial year. • In mid-May, the company carried out a directed new issue of 13.7 million preference shares at a price of SEK 28.75 per share, which provided the company with MSEK 394 before transaction costs. • Through eleven transactions, the company has accessed 21 properties with an underlying property value of MSEK 488 in total. The properties have a lettable area of 43,900 square meters and an annual rental value of MSEK 44. • At the end of June the company has acquired the remaining 38.8 percent of the shares in Cibola Holding AB, which therebye became a wholly-owned subsidiary of NP3. Cibola owns five hotel facilities. As part of the deal, the company has also divested 11.3 percent of the shares in Cibola Hospitality Group AB, which is responsible for the operation of three of the hotel facilities. The sale has resulted in NP3 owning 49.9 percent of the shares in the operating company, which thereby constitutes an associated company of NP3. • In addition to the above, NP3 has entered into agreements to acquire three properties at an underlying property value of MSEK 97 to be accessed in the third and fourth quarters. The properties have a lettable area of 9,500 square meters and an annual rental value of MSEK 10. Events after the end of the period • As part of streamlining the company's property portfolio, NP3 divested three retail properties with an underlying property value of MSEK 463 at the beginning of July. The total rental value amounts to MSEK 43, of which 62 percent of the rental value can be linked to a property in Kiruna. The properties that were vacated have, in comparison with the reported values on the agreement date in april, generated a positive realised change in value of MSEK 22. • After the end of the period and until the publication of this interim report, the company has in two transactions entered into an agreement to acquire three properties at an underlying property value of MSEK 47. Two properties in Luleå were accessed at the beginning of July and one property in Gävle will be accessed during the fourth quarter. The properties have a lettable area of 5,500 square meters and an annual rental value of MSEK 5. Forecast for 2025 For 2025, profit from property management, i.e. profit before changes in value and tax, with the current property portfolio and announced acquisitions and divestments of properties, is estimated at MSEK 1,090. The previously provided forecast was MSEK 1,050 and was communicated in the company's interim report for January-March 2025. Roundings in the report can result in columns and rows not adding up. Profit from property management per common share SEK 7.68 +31 % Rental income was MSEK 1,115 +14 % 2 Acquisitions accessed Net operating income amounted to MSEK 826 MSEK 624 +18 % This Interim report is an in-house translation. In the event of discrep - ancies, the Swedish original will supersede the translation. ===== SIDA 3 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 3 Key ratios 2025 Jan-Jun 2024 Jan-Jun 2025 Apr-Jun 2024 Apr-Jun 2024 Jan-Dec Result, MSEK Rental income 1,115 978 564 486 1,992 Net operating income 826 701 443 373 1,503 Surplus ratio, % 74 72 79 77 75 Profit from property management 515 376 281 209 879 Changes in value of properties 221 157 120 155 323 Net profit 477 439 203 198 914 Market value properties 24,465 20,872 24,465 20,872 23,384 Yield , % 7.2 7.0 7.2 7.0 7.1 Properties accessed 624 189 475 186 2,087 Result, SEK/common share Profit after tax 6.99 6.97 2.91 3.12 14.17 Profit from property management 7.68 5.88 4.22 3.30 13.57 Long-term net asset value 159.26 137.85 159.26 137.85 154.64 January - June • Rental income increased by 14% to MSEK 1,115 (978). • Net operating income increased by 18% to MSEK 826 (701). • Profit from property management increased by 37% to MSEK 515 (376). Profit from property management per common share increased by 31% to SEK 7.68 (5.88). • Changes in the value of properties totalled MSEK 221 (157). • Net profit after tax totalled MSEK 477 (439), equivalent to SEK 6.99/common share (6.97). • Net investments for the period amounted to MSEK 962 (453), of which MSEK 624 (189) related to acquisitions of properties, MSEK 313 (282) to investments in existing properties and new construction, MSEK 1 (14) to investments in associated companies and joint ventures, and MSEK -76 (-33) to divested properties, MSEK 100 referred to a acquisition of minority shares in a subsidiary. April - June • Rental income increased by 16% to MSEK 564 (486). • Net operating income increased by 19% to MSEK 443 (373). • Profit from property management increased by 35% to MSEK 281 (209). Profit from property management per common share increased by 28% to SEK 4.22 (3.30). • Changes in the value of properties totalled MSEK 120 (155). • Net profit after tax totalled MSEK 203 (198), equivalent to SEK 2.91/common share (3.12). • Net investments for the period amounted to MSEK 739 (349), of which MSEK 475 (186) related to acquisitions of properties, MSEK 163 (150) to investments in existing properties and new construction and MSEK 1 (14) to divested properties, MSEK 100 referred to a acquisition of minority shares in a subsidiary. Interim report January - June 2025 ===== SIDA 4 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 4 Financial targets and dividend targets Below are the company's financial targets and results, rolling 12 months 2nd quarter, for the last five years. Except the dividend targets shown per full year. 1) Includes a dividend in kind and additional dividend of MSEK 8 on newly issued common and preference shares. For more information, see table on page 22. 2) Of the reported amount, MSEK 27 relate to additional dividends on newly issued common and preference shares. Dividend The company aims to pay dividends of around 50 percent of the profit from property management after current tax to holders of ordinary and preference shares. The key ratio shows the company’s overall growth target. Profit from property management per common share, rolling 12 months, increased by 30 percent compared to the corresponding period last year. Average growth over the five-year period was 12 percent. The target shows the yield on the company’s equi - ty over a five-year period. The target is a measure of the company’s ability to create return on equity. Return on equity before tax was 14 percent. The average return on equity over the five-year period was 20 percent. The interest coverage ratio shows the company’s ability to cover its interest expenses. Interest coverage ratio is a measurement that indicates how many times the company manages to pay its interest with the profit from the operating activities. The interest coverage ratio as of 30 June was 2.7 times. The loan-to-value ratio shows how great a proportion of the property value is financed by liabilities. The loan-to-value ratio must not exceed 60 percent. As of 30 June, the loan-to-value ratio was 51 percent. Growth in profit from property management per common share The growth in profit from property management per common share shall amount to at least 12 percent per year over a five-year period. Return on equity Return on equity before tax shall amount to at least 15 percent over a five-year period. Interest coverage ratio The interest coverage ratio shall be no less than 2 times. Loan-to-value ratio The loan-to-value ratio must not exceed 60 percent. Proportion of preference share dividend Preference share dividend is limited to maximum 20 percent of the profit from property management after current tax. The key ratio, which means that the preference share dividend is limited to a maximum of 20 percent of the profit from property management after tax, aims to ensure a good balance between the interests of holders of common and preference shares. The dividend resolved on corresponds to 14 percent. Objective Explanation and result % 60 50 40 30 20 10 0 T arget approx. 50% 53% 50% 50% 59% 54% 2020 2021 2022 2023 2024 Max 20% Outcome The dividend target is set based on the company’s cashflows and levels of return. At the company’s AGM in May, the meeting resolved in accordance with the Board of Directors’ proposal on a dividend of SEK 5.20 per share on the company's common share and a dividend of SEK 2.00 per share on the company's preference share. The total dividend amounts to MSEK 4322). Return on equity before tax, % Average return on equity before tax, 5 years, % Target 15% 50 40 30 20 10 0 % x 4 3 2 1 0 T arget 2x 3.3 3.4 2.4 2.1 2.7 % 70 60 50 40 30 20 10 0 Max 60% 56% 58% 55% 55% 51% Profit from property management per common share, SEK Average annual growth, 5 years, % T arget 12% Q2 -21 Q2 -22 Q2 -23 Q2 -24 Q2 -25 Q2 -21 Q2 -22 Q2 -23 Q2 -24 Q2 -25 Q2 -21 Q2 -22 Q2 -23 Q2 -24 Q2 -25 Q2 -21 Q2 -22 Q2 -23 Q2 -24 Q2 -25 SEK 18 16 14 12 10 8 6 4 2 0 % 20 16 12 8 4 0 0 2 4 6 8 10 12 14 16 18 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Q2-21 Q2-22 Q2-23 Q2-24 Q2-25 Tillväxt Serie1 Serie2 0 10 20 30 40 50 Q2-21 Q2-22 Q2-23 Q2-24 Q2-25 Avkastning på eget kapital Serie1 Serie2 25 20 15 10 5 0 % 15% 12% 10% 11% 14% 2020 2021 2022 2023 2024 2) ===== SIDA 5 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 5 Comments by the CEO Comparisons in brackets relate to the corresponding period of the previous year. Profit from property management for the quarter amounted to MSEK 281 (209) and for the first six months to MSEK 515 (376), an increase of 35 and 37 percent, respectively, compared with the previous year. The increase is attributable to a higher operating surplus from our property portfolio and a lower average interest rate. Profit from property management per common share for the first six months amounted to SEK 7.68 (5.88), an increase of 31 percent. For the quarter, profit from property management per common share increased by 28 percent to SEK 4.22 (3.30). The forecast for profit from property management for 2025 is MSEK 1,090, which can be compared with the forecast for the previous quarter of MSEK 1,050. The forecast's profit increases by MSEK 19 due to a one-off payment from a tenant for early vacating. The reason why we have chosen to accept early vacating is that we see good potential in reletting the premises and thereby increasing our earnings. Our vacancy increases in the short term because of this, but NP3's ambition is, as always, to increase earnings for our shareholders in the long term. The one-off payment will be included in the result for the third quarter, while the rental termination notice has affected net letting in the second quarter. The forecast also increases thanks to lower financial costs given the lower debt volume due to our preference share issue, as well as higher income driven by investments. The forecast is our best assessment based on the property portfolio we have communicated and the information we have from our business areas. Economic situation and the sector Rental income increased by 14 percent during the first half of the year and the increase in the comparable portfolio amounted to just over 2 percent. The surplus ratio was 74 percent, which is slightly higher compared to the previous year, due to the mild weather during the first quarter of the year. The occupancy rate of 93 percent is at par with the previous year. Net letting for the quarter amounted to MSEK 10 and for the six-month period to MSEK 12. The figures confirm the stability that NP3 stands for. At the same time, the economic situation is still challenging. The market is hesitant and everything takes longer. New threats arise and must then be evaluated and taken into account by all. However, the fact that things take longer is not only negative, but can also be positive. This should be able to contribute to our tenants being given better conditions to meet the market's challenges and still have a sustainable business. In a review focusing on exports and imports of NP3's diversified tenant base, a clear picture emerges that NP3's direct customers have only a small concentration of import and export, and if there is any dependency, it is mainly on Europe. Project investments for the first half of the year amount to MSEK 313 and we see continued demand for newly produced premises. For NP3, new production highlights the value of our existing development rights while making our local areas more attractive. New production also provides a clear picture of what the market rent is for efficient premises. NP3 has a large number of development rights with a total lettable area of approximately 300,000 square meters in the property portfolio, which means that the project volume may increase slightly when the economy picks up again. Valuation In total, the positive unrealised changes in property value for the quarter add up to MSEK 120, with the main reason being increased cash flow from our existing property portfolio. The valuation yield for our property portfolio increased by 1 bps to 7.10 percent during the quarter. The biggest change is the yield in Skellefteå which has generally increased by 18 bps, affecting the entire portfolio by 2 bps. Regarding Skellefteå, I have reason to repeat that our business there was set up before the green transition took off, and if we look at the net letting in Skellefteå it is slightly positive with TSEK 100 seen over three months. For the past 12 months, net letting amounts to MSEK 14. In fact, NP3 has higher earnings in Skellefteå today than 12 months ago, and we do not see any dramatic changes on the horizon. In other words, in the business area the cash flow effect in valuations is positive, while the yield is negative. Future NP3 has made net investments of MSEK 962 during the first half of the year and is ready to continue investing if the right opportunity arises. The preference share issue carried out in May has raised MSEK 400 and provided conditions for continued growth in our profit from property management. Whether this is done through future acquisitions, investments in projects or repurchase of bonds, depends on market conditions, but as always NP3's focus is on strengthening our profit from property management per common share while maintaining or reducing operational and financial risk. We will continue with the same goal in mind. I would like to extend a big thank you to NP3's employees, shareholders and other stakeholders for your strong commitment, which strongly contributes to NP3 being so well prepared. We have a balance sheet and cash flow that allow us to continue evaluating potential investments. The future will show what opportunities we act upon. Andreas Wahlén ===== SIDA 6 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 6 Consolidated statement of comprehensive income Summary report, MSEK 2025 Apr-Jun 2024 Apr-Jun 2025 Jan-Jun 2024 Jan-Jun 2024 Jan-Dec Rolling 12 months Rental income 564 486 1,115 978 1,992 2,129 Property costs -107 -101 -260 -253 -440 -447 Property tax -14 -12 -28 -24 -48 -53 Net operating income 443 373 826 701 1,503 1,628 Central administration -25 -20 -45 -38 -78 -85 Result from associated companies and joint ventures 16 -8 24 0 13 37 - of which profit from property management 10 8 20 16 37 42 - of which changes in value of properties 11 -10 11 -7 -10 8 - of which tax -5 -6 -7 -9 -14 -13 Financial income 3 0 4 4 15 15 Financial expenses -151 -153 -290 -307 -599 -583 Profit/loss after financial items 287 193 519 361 854 1,013 - of which profit from property management 281 209 515 376 879 1,018 Changes in value of properties 120 155 221 157 323 387 Changes in value of financial instruments -143 -100 -136 32 13 -156 Profit before tax 264 248 603 550 1,191 1,244 Current tax -21 -13 -40 -30 -75 -85 Deferred tax -40 -36 -86 -81 -202 -207 Net profit 203 198 477 439 914 951 Other comprehensive income - - - - - - Comprehensive income for the period 203 198 477 439 914 951 Comprehensive income relating to the parent company’s shareholders 200 198 473 439 914 948 Comprehensive income relating to non-controlling interest 2 0 4 0 0 4 Earnings per common share, SEK 2.91 3.12 6.99 6.97 14.17 14.27 Number of common shares at the end of the period, thousands 61,581 57,562 61,581 57,562 61,562 61,581 Weighted average number of common shares, thousands 61,572 57,530 61,565 57,506 59,136 60,766 Rental income, MSEK Profit from property management, MSEK * Rolling 12 months 2,500 2,000 1,500 1,000 500 0 2021 2022 2023 2024 2025 Q2* 2021 2022 2023 2024 2025 Q2* 2021 2022 2023 2024 2025 Q2* 1,200 1,000 800 600 400 200 0 Net operating income, MSEK 1,800 1,500 1,200 900 600 300 0 ===== SIDA 7 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 7 Income, expenses and result January - June Earnings The profit from property management increased by 37 percent compared to the previous year and amounted to MSEK 515 (376). The increase in profit from property management is explained by acquisitions, higher rental income, completed projects and lower financing costs. Profit from property management amounted to SEK 7.68 (5.88) per common share. The net operating income for the period amounted to MSEK 826 (701), which corresponds to a surplus ratio of 74 percent (72). Changes in the value of properties amounted to MSEK 221 (157), of which MSEK 220 (157) related to unrealised changes in value and MSEK 0 (1) related to realised changes in value. Changes in the value of financial instruments amounted to MSEK -136 (32). Net profit after tax relating to the parent company’s shareholders amounted to MSEK 473 (439), which was equivalent to SEK 6.99 per common share (6.97). Income and expenses Rental income increased by 14 percent to MSEK 1,115 (978). Revenue increased as a result of property acquisitions, indexation, and through lettings and completed projects. MSEK 17 of the increase consists of non-recurring income. In the comparable portfolio, revenue increased by just over 2 percent. Revenue consisted of rental income of MSEK 1,023 (888) and service revenue of MSEK 92 (90). Service revenue consisted primarily of costs passed on for heating, electricity and water as well as snow clearing. Property costs for the period amounted to MSEK -260 (-253). The costs were distributed between property upkeep and operating expenses MSEK -228 (-227), repairs and maintenance MSEK -24 (-20) as well as anticipated and confirmed customer losses of MSEK -8 (-6). Property tax amounted to MSEK -28 (-24). Central administration costs amounted to MSEK -45 (-38) and consisted mainly of group-wide costs. NP3’s investments in associated companies and joint ventures contributed positively to the company’s profit from property management with MSEK 20 (16). The total share in profits for the period amounted to MSEK 24 (0). For more information on the company's investments in associated companies and joint ventures, see page 15. Financial income amounted to MSEK 4 (4). Financial expenses decreased to MSEK -290 (-307), mainly due to a lower average interest rate. Apart from interest expenses, financial expenses also included MSEK -18 (-12) in accrued borrowing expenses. For more information regarding the company’s funding, see pages 16 and 17. Seasonal variations The surplus ratio varies during the year depending on seasonal variations. During the winter months, profit is affected mainly by costs relating to electricity, heating and snow clearing being high. The contract structure is designed so that tenants are charged an evenly distributed preliminary fee continuously throughout the year, while the fee for consumption is expensed in step with the outcome which yields a lower surplus ratio during the winter months and higher level during the summer months. Tax Current tax amounted to MSEK -40 (-30) and was calculated based on the period’s taxable profit. The taxable profit for real estate companies is usually lower than the profit from property management as the taxable profit is reduced by tax depreciation, provisions to the tax allocation reserve and other adjustments for tax purposes. Deferred tax amounted to MSEK -86 (-81) and consisted mainly of changes in differences between market value and tax base on properties and changes in market value of financial instruments. April - June Profit from property management for the second quarter amounted to MSEK 281 (209). The operating surplus amounted to MSEK 443 (373), corresponding to a surplus ratio of 79 percent (77), and was positively impacted by non-recurring income of MSEK 11. Rental income was MSEK 564 (486). Revenue consisted of rental income of MSEK 518 (446) and service revenue of MSEK 46 (40). Property costs amounted to MSEK -107 (-101), property tax MSEK -14 (-12) and central administration MSEK -25 (-20). NP3's share of associated companies' profit from property management totalled MSEK 10 (8) for the quarter and the total share in profits was MSEK 16 (-8). Financial expenses decreased to MSEK -151 (-153) as a result of a lower interest rate level during the quarter. Profit before tax amounted to MSEK 264 (248) and was affected by unrealised changes in the value of properties of MSEK 120 (155) and unrealised changes in the value of financial instruments amounting to MSEK -143 (-100). Current tax affected profit for the quarter with MSEK -21 (-13) and deferred tax with MSEK -40 (-36). Comparisons in brackets refer to the corresponding period of the previous year for income statement items and the previous year-end for balance sheet items. ===== SIDA 8 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 8 Current earnings capacity Definition of earnings capacity Current earnings capacity is not a forecast but to be regarded only as a snapshot, the aim of which is to present revenue and costs on an annual basis given the property portfolio, interest expenses and organisation at a particular point in time. Earnings capacity is based on the coming 12-month period, on the basis of the property portfolio the company owned as of 30 June 2025. The earning capacity is based on an contracted annual rent and shows what profit the company would generate under the terms and conditions stated. The earnings capacity does not include an assessment of the development of rents, vacancy rate, property expenses, interest, changes in value or other factors affecting income. The estimated earning capacity is based on the following information. • Property costs consist of an estimate of the operating expenses and maintenance and repair measures during a normal year. Operating costs include property management. • Financial income and expenses have been calculated based on the company's closing average interest rate level and credit portfolio as of 30 June 2025, and have not been adjusted for effects relating to the accrual of borrowing costs amounting to MSEK 24. Comment on earning capacity Compared to the current rental value of MSEK 2,411, the future-oriented adjusted rental value amounted to MSEK 2,401. The major adjustment item was primarily discounts of MSEK -10. Since the beginning of the year, the company’s net operating income in the earning capacity has increased by 4 percent to MSEK 1,668. The yield in the earning capacity was 6.8 percent (6.9) in relation to the properties’ market value of MSEK 24,465. Profit from property management and profit from property management per common share in the earning capacity increased by 6 percent and 4 percent, respectively, compared to the beginning of the year. Acquisitions and divestments Contracted acquisitions not accessed as of 30 June relate to three properties located in Luleå, Umeå and Sandviken. The properties have an annual rental value of MSEK 10 and are expected to contribute with profit from property management of MSEK 5. Contracted sales not vacated as of June 30 relate to four properties in Kiruna, Sundsvall, Gävle and Nordanstig. The properties have an annual rental value of MSEK 43 and are expected to reduce profit from property management by MSEK 22. Profit from property management according to earnings capacity, MSEK 1,200 1,000 800 600 400 200 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 5 years, CAGR 14% Current earnings capacity, MSEK 1 July 2025 1 Jan 2025 1 July 2024 6 months Adjusted rental value 2,401 2,314 2,085 Vacancy -181 -172 -140 Rental income 2,220 2,142 1,945 4% Property costs -500 -490 -436 Property tax -52 -50 -47 Net operating income 1,668 1,602 1,463 4% Central administration -79 -71 -71 Net financial income -550 -557 -593 Profit from property management from associated companies and joint ventures 40 41 33 Profit from property management 1,079 1,016 832 6% Profit from property management after preference share dividend 967 931 756 4% Profit from property management, SEK/common share 15.70 15.12 13.13 4% Change ===== SIDA 9 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 9 For more details on the company's sustainability work and sustainability reporting, please refer to the sustainability report included in NP3's 2024 annual report, page 44-70. Sustainability For NP3 it is important and natural that sustainability and long-term economic results go hand-in-hand. As a player with a long- term approach in managing and developing properties, the company has a responsibility for work to proceed in a way that is sustainable for our future, therefore one of NP3’s mottos is also to always do everything a little bit better. From the company's perspective, pleasant and safe workplaces are just as important for NP3's tenants and suppliers as they are for the company's employees, just as it goes without saying that all people are treated equally regardless of gender and ethnicity. However, the area where NP3 as a company can make the biggest difference is by integrating environmental issues into its daily work and running the business in a resource-efficient way. The company does this mainly by continuously improving the energy efficiency of its property portfolio and limiting emissions. This interim report provides follow-up of energy performance improvements and growth within the green framework. Other prioritized sustainability goals are reported in the company's annual report. CSRD According to current rules, NP3 must report according to CSRD for the 2025 accounting year. In February 2025, however, the European Commission presented the first Omnibus proposal, which if passed will result in NP3 not being required to report under the CSRD. In April it was also decided to “Stop the clock”, which means that the reporting obligation for companies of NP3's size is postponed for two years to 2027. In Sweden, the government has submitted a proposal to implement the "Stop the clock" changes in national legislation, which is expected to enter into force by 31 December 2025. In light of the above, NP3 is monitoring upcoming decisions in Swedish legislation and will then adapt the reporting to the changes that are made and decide on any voluntary reporting. Property value green portfolio The company's green framework is aligned with the EU taxonomy and primarily includes "top 15" properties. NP3 has an annual target of increasing the green property portfolio by 25 percent. During the first half of 2025, the green property portfolio increased from a property value of MSEK 5,862 to MSEK 6,325, refer to the table on the right. This corresponds to an increase of 8 percent. Assets in the company's green portfolio form the basis for green bond loans and green bank financing. ENERGY NP3’s total energy consumption shall drop by 20% by the end of 2025 compared to 2017 CLIMATE- IMPACT Net-zero by 2045. By 2030*, GHG emis - sions in scope 1 and 2 will be reduced by 42% and scope 3 by 25%. IMPROVED ENERGY PERFORMANCE Increase the energy class from E/F/G of at least ten properties per year by 2033 Examples of energy projects Främmerhörnäs 2:4, Örnsköldsvik Ongoing project to improve the property's indoor climate and energy efficiency. Replacement of heat pumps and ventilation units, including installation of automation and control. The project is expected to provide energy savings of approximately 35 percent and an expected upgrade of the building's energy class from G -> to at least C. Investment TSEK 2,900. Prioritised sustainability goals GREEN PORTFOLIO NP3’s green property portfolio shall grow by 25% per year Improved energy performance Increasing the number of energy-efficient and sustainable properties is one of NP3's overall goals, and for some years the company has intensified this work with the aim to annually improve the energy class of at least ten of the properties with the lowest energy-efficiency. In the first and second quarter of 2025, eight buildings received an improved energy class following the implementation of measures, with all buildings improving from the previous energy class E, F or G. Property/building Location Energy class 31/12/2024 Energy class 30/06/2025 Primary energy rating 31/12/2024 Primary energy rating 30/06/2025 Sköns Prästbord 1:47 Sundsvall E C 146 63 Öjebyn 33:222 Piteå F C 150 69 Bergnäset 3:39 Luleå F E 147 103 Slagan 4 Sundsvall E B 171 70 Norränget 6:1 Hudiksvall F E 230 151 Linjeförmannen 7 Sundsvall E C 151 75 Bävern 13 Smedjebacken G F 250 161 Knapermusvreten 7 Sandviken E C 132 76 Weighted average 163 80 *With base year 2022. Targets are validated by SBTi. 2022 2023 2024 2025 Q2 2025 Objective 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 MSEK ===== SIDA 10 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 10 Property portfolio At the end of the period, the company owned 575 (554) properties with a total lettable area of 2,258,000 square metres (2,201,000) spread across eight geographic business areas. Of the eight business areas, the majority of the holdings are in the Sundsvall business area, where 19 percent (19) of both the rental value and market value are concentrated. The market value of the properties on the balance sheet date totalled MSEK 24,465 (23 384). NP3's property portfolio is divided into the categories industrial, retail, offices, logistics and other. At the end of the quarter, industrial was the largest property category, accounting for 51 percent (51) of the rental value. Retail was the second largest property category with 21 percent (21) of the rental value. including the two subcategories B2C and B2B. B2C includes properties leased to, for example, discount chains such as Dollar-Store, ÖoB and Rusta. B2B includes large tenants such as Mekonomen, Ahlsell and Swedol. Risk diversification NP3 works continuously to diversify risks through diversification of both the property category and the tenants' sector affiliation. The company's total property portfolio is well diversified in terms of both property categories and industry exposure. Property category shows the nature of the property, while industry exposure shows which sector the company’s rental income is allocated to. The difference is that tenants in a certain industry can rent premises in a number of different categories. This is exemplified by state and municipality, which together accounted for 11 percent (11) of rental income; state and municipality administration premises are rented in the categories industrial, offices and other. A difference can also be seen in the grocery store sector, which in the categorisation amounted to 1 percent (1) of total rental value and to 4 percent (4) with regard to industry exposure of the total rental income. This difference is explained by grocery stores also renting in the category industrial and logistics. The exposure of the rental income is distributed between several sectors, with manufacturing and light industrial being the biggest one. Rental agreement structure On the balance sheet date, NP3 had 2,750 rental agreements (2,700). The average remaining lease term for all rental agreements was 4.0 years (4.0). The ten biggest tenants in relation to rental value were distributed across 118 rental agreements with an average remaining lease term of 4.4 years (4.1) and they accounted for 12 percent (11) of the rental value. The number of rental agreements and their duration mean that NP3’s exposure to individual tenants is limited. The biggest rental agreement makes up 0.7 percent of the rental value. Rental value amounted to MSEK 2,411 (2,326) and the contracted annual rent was MSEK 2,230 (2,154) at the end of the period. This corresponded to an financial occupancy rate of 93 percent (93). Properties Distribution within the retail category, % Rental value by property category, % Industry exposure, % Industrial 51 (51) Retail 21 (21) Offices 11 (10) Logistics 6 (6) Other 11 (12) Business-to-consumer (B2C) 60 (59) Business-to-business (B2B) 23 (24) Vehicle dealerships, workshops and inspection facilities 12 (12) Grocery store 5 (5) Manufacturing and light industry 16 (15) Industrial and construction supplies 11 (11) State and municipality 11 (11) Construction and production 11 (10) Vehicles and workshops 10 (10) Consumer discretionary goods 9 (10) Real estate and finance 9 (9) Groceries and leisure 8 (9) Grocery stores 4 (4) Other 11 (11) Comparisons within brackets relate to the beginning of the year. Property value per business area, % Property value per property category, % Rental value per business area, (%) Industrial 49 (49) Retail 22 (22) Offices 9 (9) Logistics 8 (8) Other 12 (12) Sundsvall 19 (19) Dalarna 13 (14) Östersund 13 (13) Gävle 12 (12) Luleå 12 (12) Skellefteå 11 (11) Umeå 11 (10) Middle Sweden 9 (9) Sundsvall 19 (19) Östersund 14 (14) Gävle 13 (12) Dalarna 12 (13) Luleå 12 (12) Skellefteå 11 (11) Umeå 10 (10) Middle Sweden 9 (9) ===== SIDA 11 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 11 Properties NP3's largest tenants by rental value As of 30 Jun 2025 Number of rental agree - ments The Swedish Fortifications Agency 39 Swedish Police Authority 20 Postnord Sverige AB 9 Dagab Inköp & Logistik AB (Axfood) 6 Ahlberg-Dollarstore AB 7 Assemblin El AB 10 Granngården AB 13 Swedol AB 9 Plantagen Sverige AB 4 Frösö Park Hotel AB 1 Total 118 Total rental value of the ten largest tenants MSEK 278 Average remaining lease term for the ten largest tenants 4.4 years Average remaining lease term for the total contract portfolio4.0 years Vacating year terminated rental agreements Number Rental value, MSEK 2025 111 78 2026 50 34 2027- 27 11 Total 188 123 Value of vacancies per business area as of 30 June 2025 Business area Rental value, MSEK Value of vacancies, MSEK Financial vacancy rate, % Sundsvall 453 51 11 Dalarna 324 25 8 Östersund 313 13 4 Luleå 302 11 4 Gävle 290 28 10 Umeå 260 16 6 Skellefteå 254 23 9 Middle Sweden 214 14 7 Total 2,411 181 7 Vacancy At the end of the period, the value of vacancies compared to the beginning of the year increased due to a net change in tenants moving in and out of MSEK 9 and in vacancies in acquired properties of MSEK 3. The value of vacancies decreased by MSEK -4 as a result of the divestment of properties. The financial occupancy rate amounted to 93 percent (93). As of 30 June there were rental agreements, not yet occupied, with a rental value of MSEK 111. The rental value for terminated rental agreements not yet vacated amounted to MSEK 123, of which MSEK 78 take place during 2025. Net letting, MSEK 2025 Jan-Jun 2024 Jan-Jun 2024 Jan-Dec Signed rental agreements 145 102 195 Terminated rental agreements incl. bankruptcies -132 -87 -164 Net 12 15 30 Change in the value of vacancies, MSEK 2025 Jan-Jun 2024 Jan-Jun 2024 whole year Opening value of vacancies 1 Jan 172 137 137 Net change in moving in/out 9 1 26 Value of vacancies, acquired properties 3 3 9 Value of vacancies, divested properties -4 - 0 Closing value of vacancies 181 140 172 Occupancy rate, % 93 93 93 Net letting The value of signed rental agreements for the period amounted to MSEK 145 and included all newly signed rental agreements and existing agreements that have been renegotiated. The value of a terminated rental agreements including bankruptcies amounted to MSEK -132. The amount includes all agreements that were terminated for vacating premises during the period, those agreements that were terminated as a result of bankruptcies and those rental agreements that were renegotiated during the current period of contracts where the new agreement is recorded under “signed rental agreements”. Net letting for the period amounted to MSEK 12 (15), of which MSEK 6 related to renegotiations. Net letting for the second quarter amounted to MSEK 10 (14). Maturity structure rental agreements Rental value future changes to agreements, MSEK 2025 Jan-Jun 2024 Jan-Jun 2024 whole year Terminated agreements not vacated 123 95 55 -of which acquired - - - New rentals, not moved into -111 -67 -51 Number of rental agreementsRental value Number of rental agreements Rental value, MSEK 900 800 700 600 500 400 300 200 100 0 500 450 400 350 300 250 200 150 100 50 0 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035- 0 100 200 300 400 500 600 700 800 900 0 50 100 150 200 250 300 350 400 450 500 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035- Antal Hyreskontrakt Hyresvärde mkr Förfallostruktur hyresavtal Hyresvärde Antal kontrakt ===== SIDA 12 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 12 Properties Property valuation The company’s properties are valued at an assessed market value every quarter. The valuation policy states that at least 90 percent of the total property portfolio be valuated externally during the second and fourth quarters and that other properties are valued internally. In the second quarter of 2025, 97 percent of the property portfolio was valued externally. The remaining 3 percent of the property portfolio has been valued internally. The weighted valuation yield at the end of the period was 7.10 percent (7.10). Method Assessment of fair value is done using a combination of local price comparison method and yield-based method in form of discounting future estimated cash flows. The cash flow is based on actual rents and normalised operating and maintenance cost and investment needs, on the basis of an assessment in line with market conditions. At the end of the lease term of the respective contract, rents that deviate from the assessed market rent are adjusted to correspond to market levels. Cashflow is calculated at present value together with the residual value to calculate the property’s market value. The market value, which shall reflect an estimated price when selling on the open property market, is compared with prices of known, comparable transactions. Cost of capital and valuation yield, for calculating the present value of the cashflow and calculating the property’s residual value, shall reflect the property’s location and market development. Outcome The total market value of the company's property portfolio on the balance sheet date was MSEK 24,465. The change in value during the period was MSEK 221, of which MSEK 0 related to realised changes in value. Of the unrealised changes in value totalling MSEK 220, MSEK 21 related to four properties being sold and to be vacated in the third quarter that were revalued at the agreed underlying property value, MSEK 247 related to cash flow-related changes, while assumptions about changes in the valuation yields affected the valuations with MSEK -48. The valuation yield used in valuation on the balance sheet date varied from 5.60 to 9.04 percent and the inflation assumption was 1.5 percent in 2025 and 2 percent in subsequent years. The weighted valuation yield amounted to 7.10 percent (7.10) and the weighted discount rate was 9.19 percent (9.13). Change in the property portfolio During the period, NP3 accessed 27 properties for MSEK 624. In addition, MSEK 313 were invested in existing properties and new construction. Of these, MSEK 241 consisted of investments in existing properties in form of modifications to tenants’ requirements and extension projects, and MSEK 72 of investments in new construction projects. During the period, three properties were divested of and sale completed for MSEK 76. The market value of the properties per square metre increased from the beginning of the year from SEK 10,624 to SEK 10,835 at the end of the period. Sensitivity analysis Change +/- Impact on earnings before tax, MSEK Market value properties 5% +/-1,223 Valuation yield 0.25% -865/+931 Rental income 80 SEK/sqm +/-181 Property costs 20 SEK/sqm -/+45 Vacancy rate 1% -/+24 Breakdown of the property portfolio as of 30 Jun 2025 Business area Number of properties Area tsqm Rental value, MSEK Property value, MSEK Sundsvall 135 432 453 4,558 Dalarna 71 363 324 3,055 Östersund 64 260 313 3,495 Luleå 57 242 302 2,933 Gävle 75 287 290 3,079 Umeå 53 234 260 2,562 Skellefteå 54 244 254 2,592 Middle Sweden 66 195 214 2,192 Total 575 2,258 2,411 24,465 Comparisons within brackets relate to the beginning of the year. Properties, change in value MSEK 2025 Jan-Jun 2024 Jan-Jun 2024 whole year Opening value 23,384 20,276 20,276 Acquisitions of properties 624 189 2,087 Investments in existing properties 241 260 569 Investments in new construction projects 72 22 162 Divestments of properties -76 -33 -33 Realised changes in value 0 1 1 Unrealised changes in value 220 157 322 Closing value 24,465 20,872 23,384 Acquired properties not accessed 97 65 65 Divested, not vacated properties -464 - -76 ===== SIDA 13 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 13 Properties Comparisons within brackets relate to the beginning of the year. Ongoing projects (>10 MSEK) Property Location Category Completion time Project budget, MSEK Lettable area, sqm Fiskja 15:2 Kramfors Industrial Q4 -25 16 8,120 Kedjan 6 Umeå Retail Q4 -25 13 1,360 Lokomotivet 2 Östersund Industrial Q4 -25 10 2,600 Skogvaktaren 3 Östersund Industrial Q1 -26 155 4,780 Sköns Prästbord 1:100 Sundsvall Industrial Q2 -26 52 2,200 Storheden 2:10 Luleå Industrial Q2 -26 33 2,390 Huggsta 1:160 Sundsvall Industrial Q2 -26 15 1,710 Merkurius 5 Skellefteå Office Q4 -26 100 4,100 Brösta 14:40 Örnsköldsvik Industrial Q4 -26 29 1,300 Tönnebro 1:5 Söderhamn Other Q4 -26 16 2,670 Städet 2 Karlstad Industrial Q4 -26 10 5,770 Total 449 37,000 Additional annual rental value for the above projects amounts to MSEK 38. • Fiskja 15:2, conversion of industrial premises. • Kedjan 6, conversion of car showroom. • Lokomotivet 2, conversion of industrial premises. • Skogvaktaren 3, new construction of truck workshop. • Sköns Prästbord 1:100, new construction of truck workshop. • Storheden 2:10, extension of industrial premises. • Huggsta 1:160, conversion of industrial premises. • Merkurius 5, conversion of office space. • Brösta 14:40, new construction of industrial premises. • Tönnebro 1:5, energy efficiency improvement of premises. • Städet 2, conversion of industrial premises. Projects NP3's project activities include new construction on the company's development rights as well as developing and adding value to existing properties to optimise space for tenants' activities. In addition, environmental and energy improvement measures are carried out. The aim of the project activity is to increase profit and generate growth by reducing vacancy rates, increasing rental levels, streamlining property costs and creating additional lettable space. The risk related to new construction is mitigated by construction not starting until a rental agreement has been signed. Project operations have gradually increased over the past year, driven by higher demand for new construction, major modifications to tenants' requirements, extension projects, and declining construction costs. At the end of the period, NP3 had ongoing projects with a total project budget of MSEK 719 (746). The remaining investment totalled MSEK 393 (353). ===== SIDA 14 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 1414 Transactions During the second quarter, the company accessed 21 properties through eleven transactions for a total investment of MSEK 475. The properties are located in Umeå, Gävle, Luleå, Sundsvall, Eskilstuna and Gällivare and have a lettable area of 43,900 square meters and an annual rental value of MSEK 44. In addition, during the second quarter, the company entered into agreements to acquire three properties at an underlying property value of MSEK 97 to be accessed in the third and fourth quarter. The properties are located in Luleå, Umeå and Sandviken and have a lettable area of 9,500 square metres and an annual rental value of MSEK 10. No properties were divested or vacated during the second quarter. However, agreements for the sale of four properties at an underlying property value of MSEK 464 have been entered into, to be completed during the third quarter. The properties are located in Kiruna, Sundsvall, Gävle and Nordanstig and have a lettable area of 27,000 square meters and an annual rental value of MSEK 43. Properties accessed in Q2 Sörby Urfjäll 4:7 Gävle Industrial 6,541 2.6 0 Vattenormen 8 Luleå Other 4,753 8.2 100 Sätra 106:1 Gävle Industrial 4,670 2.7 100 Andersberg 14:60 Gävle Industrial 4,110 5.7 100 Frakten 3 Umeå Industrial 4,090 4.5 79 Lasten 6 Umeå Industrial 2,752 3.5 100 Nollplanet 1 Eskilstuna Industrial 2,666 3.3 100 Matrisen 1 Umeå Retail 2,200 1.4 0 Gällivare 57:24 Gällivare Retail 2,100 1.9 100 Staben 2 & Luftvärnet 4 Sundsvall Industrial 1,800 2.1 100 Sidsjö 2:30 Sundsvall Industrial 1,735 1.7 100 Trossen 2 Sundsvall Industrial 1,528 1.4 100 Frakten 1 Umeå Offices 1,513 2.1 100 Nacksta 5:11 Sundsvall Industrial 870 0.1 0 Kompaniet 7 Sundsvall Industrial 850 0.8 86 Staben 3 Sundsvall Other 750 0.7 99 Kompaniet 6 Sundsvall Industrial 505 0.7 100 Regementet 6 Sundsvall Offices 280 0.5 100 Regementet 5 Sundsvall Offices 150 0.1 79 Brösta 14:40 Örnsköldsvik Land 0 0.0 0 Total accessed in Q2 43,863 44.0 Total accessed in Q1 19,404 15.2 Total 63,267 59.2 Acquired properties to accessed in Q3 and Q4 Djuret 3 Luleå Offices 7,447 7.3 98 Sleven 2 Umeå Retail 2,020 2.2 100 Tuna 3:18 Sandviken Land 0 0.0 0 Total 9,467 9.5 Properties sold and completed Total Q2 - - Total Q1 10,751 8.2 Total 10,751 8.2 Divested properties to be completed Q3 Välten 8 Kiruna Retail 16,559 26.4 97 Sköns Prästbord 1:50 Sundsvall Retail 6,296 10.1 88 Hemsta 12:6 Gävle Retail 3,863 6.3 100 Rösta 13:1 Nordanstig Industrial 270 0.5 100 Total 26,988 43.3 *On transaction day Properties Transactions Property Municipality Category Area, sqm Rental value, MSEK Occupancy rate *, % ===== SIDA 15 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 15 Associated companies and joint ventures Comparisons in brackets refer to the corresponding period of the previous year for income statement items and the previous year-end for balance sheet items. For the period January to June 2025, NP3's associated companies and joint ventures contributed MSEK 20 (16) to NP3's profit from property management. The share in profits for the period amounted to MSEK 24 (0). Fastighetsaktiebolaget Ess-Sierra NP3 owns 50 percent of Fastighetsaktiebolaget Ess-Sierra, the remaining 50 percent are owned by AB Sagax. Ess- Sierra's business consists of owning and managing real estate consisting of warehouses and building materials stores. The lettable area amounts to 184,000 sqm. More than 40 percent of the market value of the properties is in locations where NP3 is already established today. The purpose of the joint venture is, among other things, to be able to offer tenants local service. Rental income for the period amounted to MSEK 51 (49) and the market value of the properties as of 30 June was MSEK 1,495 (1,484). For the period, Ess-Sierra contributed MSEK 12 (11) to NP3’s profit from property management and the total share in profits amounted to MSEK 13 (10). Fastighets AB Jämtjägaren NP3 Fastigheter AB and Jämtkraft AB jointly own a property where Jämtkaft has its head office and operations centre as well as an office property. The properties are each 50 percent owned through the company Fastighets AB Jämtjägaren and are located in Östersund. The total rental value of the properties amounted to MSEK 26 and the market value of the properties amounted to MSEK 450 as of 30 June. As of 30 June, NP3's share of equity amounted to MSEK 114 (94). For the period, Jämtjägaren contributed MSEK 4 to NP3’s profit from property management and the share in profits amounted to MSEK 20. With You Sweden AB NP3 owns 49 percent of the shares in With You Sweden AB. With You Sweden owns 13 properties, primarily for industrial and retail purposes. The majority of the property portfolio is located in Sundsvall, Umeå and Timrå. As of 30 June, the market value of the properties amounted to MSEK 586 and the total rental value of the portfolio amounted to MSEK 37. As of 30 June, NP3's proportion of equity amounted to MSEK 85 (94) and for the period, With You Sweden contributed MSEK 4 to NP3's profit from property management and the share in profits amounted to MSEK -8. Cibola Hospitality Group AB NP3 previously owned 68.2 percent of the shares in Cibola Hospitality Group AB, which is responsible for the operation of three hotel facilities that are part of NP3's property portfolio. The holding has previously been reported as assets held for sale, and at the end of June 11.3 percent of the shares were divested, which means that NP3's holding amounts to 49.9 percent and as a result, the company is now reported as participations in associated companies. As of 30 June, NP3's share of equity amounted to MSEK 1. Significant holdings in joint ventures NP3’s share of the profit from associated companies and JV, MSEK Total associated companies and joint ventures Fastighetsaktiebolaget Ess-Sierra 2025 Jan-Jun 2024 Jan-Jun 2024 Jan-Dec 2025 Jan-Jun 2024 Jan-Jun 2024 Jan-Dec NP3’s share capital, % 50 50 50 NP3's share of voting power, % 50 50 50 Proportion of equity 494 473 479 286 284 284 Profit from property management 20 16 37 12 11 24 Change in value of properties 11 -7 -10 5 2 5 Tax -7 -9 -14 -4 -4 -7 Total share in profits 24 0 13 13 10 22 ===== SIDA 16 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 16 Funding Comparisons within brackets relate to the beginning of the year. Overall financing structure The company's funding consists of a combination of liabilities to credit institutes, other interest-bearing liabilities and deferred tax liabilities and equity. NP3's creditors are mainly the major Nordic banks through bank loans including revolving facilities. Bond loans are an additional source of funding and supplement the above funding. Interest-bearing liabilities A summary of the company's interest-bearing liabilities as of 31 December 2024 and 30 June 2025 is presented below. Secured loans made up 79 percent (80) and unsecured bond loans, commercial paper loans and promissory note loans 21 percent (20) of total interest-bearing liabilities. The increase in the company's interest-bearing liabilities between 1 January and 30 June 2025 amounted to just over MSEK 400. The increase is mainly attributable to the net effect of acquisitions and investments as well as loan repayments in advance on the upcoming completion of the company's divested trading portfolio at the beginning of the third quarter of 2025. Loan-to-value ratio and loan maturity structure The loan-to-value ratio, calculated as net debt MSEK 12,723, in relation to the market value of properties of MSEK 24,465 and investments in associated companies of MSEK 494, totalling MSEK 24,959, amounted to 51.0 percent (51.8) as of 30 June. The company's common share issue at the end of the third quarter of 2024 of BSEK 1 reduced the loan-to-value ratio by approximately 5 percentage points. The share issue was intended to create conditions for growth, reduce the company’s risk profile and vulnerability, and improve the ability to respond to unforeseen changes in the macroeconomic environment. The company today aims to have a loan-to-value ratio of 50–55 percent in relation to the revised target for the loan-to-value ratio of a maximum of 60 percent communicated in connection with the publication of the interim report for the first quarter of 2025. Available liquidity, consisting of liquid assets and unutilised credit facilities, amounted to MSEK 685 as of 30 June. The net debt to EBITDA ratio amounted to 7.9 times (8.0). Interest-bearing liabilities maturing within twelve months amounted to MSEK 688 (1,684), consisting of bank loans of MSEK 158, bond loans of MSEK 451 and other liabilities of MSEK 79. At the end of the period, the loan maturity profile amounted to 3.0 years (2.3) with maturities distributed as shown in the table below. During the first six months, the company refinanced bank loans of approximately BSEK 6 at average maturity of approximately 4 years, which explains the increase in the loan maturity profile. Average interest rate and interest maturity structure Average interest rate for the company’s interest-bearing liabilities amounted to 4.23 percent (4.38). The decrease in the interest rate level is explained net by a lower Stibor level and loan margins mainly on bank loans which was partly offset by a higher interest rate level for the company's interest rate derivatives related to increased interest rate hedging and changes in the company's interest rate derivative portfolio. The graph on the following page shows changes in the various components that make up the company’s average interest rate, including the effects of the company's interest rate derivatives portfolio. The average fixed interest period was 2.3 years (2.1), and 55 percent (49) of the loan portfolio was interest-hedged with a maturity structure of up to ten years as shown in the table below. To limit interest rate risk, interest rate derivatives are preferentially used in the form of interest rate swaps. At the end of the period, the company's portfolio of interest rate derivatives amounted to MSEK 9,425. The derivative portfolio includes interest rate derivatives of MSEK 2,250, which are not included in the company's interest rate hedging portfolio and thus not in the calculation of the company's interest rate hedging ratio and average fixed interest period. These categories of interest rate derivatives either have a limitation on the upward protection of interest rates or all callable early by the counterparty and constitute a complement to the interest rate hedging portfolio in order to reduce the company's interest expenses in a volatile market. Loan maturity and fixed interest rate profile (bank, commercial paper and bond loans) as of 30 Jun 2025 Loan maturity profile Fixed interest rate profile Amount, MSEK Average interest rate, total loan portolio, % Fixed interest rate distributed on maturities, % Maturity Amount, MSEK Propor- tion, % Loan Interest rate derivatives Loan Interest rate derivatives1) Total Interest rate derivatives -12 months 609 5 13,043 3,200 4.37 -0.05 4.32 2.09 1-2 years 2,694 21 800 -0.05 -0.05 1.46 2-3 years 3,413 26 850 0.01 0.01 2.27 3-4 years 4,070 31 825 -0.04 -0.04 1.69 4-5 years 2,223 17,0 2,500 0.00 0.00 2.30 5-10 years 33 0,3 1,250 0.00 0.00 2.27 Total/average 13,043 100 13,043 9,425 4.37 -0.14 4.23 2.10 Summary - net debt 2025 30 June 2024 31 Dec. MSEK Bank loans 10,272 10,145 Secured interest-bearing liabilities 10,272 10,145 Bond loans 1,701 1,601 Commercial paper loans 1,070 875 Other interest-bearing liabilities 82 9 Unsecured interest-bearing liabilities 2,853 2,485 Accrued borrowing expenses -41 -43 Total interest-bearing liabilities 13,084 12,587 Cash and cash equivalents, incl. current investments -361 -246 Net debt 12,723 12,341 1) Relates to the difference between fixed interest rate and Stibor 3M (floating part) of the interest rate derivatives based on the maturity structure for the derivatives’ fixed interest rate part. ===== SIDA 17 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 17 Funding Comparisons within brackets relate to the beginning of the year. Listed bond loans as of 30 June 2025 Term Programme1) Amount outstanding, MSEK Interest, % Interest rate terms, % Interest rate floor Maturity date Green bond loan 2023/2026 MTN programme 451 7.80 Stibor 3M + 5.50 No 12/04/2026 Yes 2023/2026 MTN programme 400 7.45 Stibor 3M + 5.25 No 14/12/2026 Yes 2024/2027 MTN programme 450 5.90 Stibor 3M + 3.75 2) No 21/08/2027 Yes 2024/2028 MTN programme 400 4.74 Stibor 3M + 2.45 3) No 03/01/2028 Yes 1) Framework amount of BSEK 5. 2) Of which MSEK 150 are issued at a rate of 101.461%, corresponding to a floating rate of Stibor (3 months) plus 3.25 percentage points to the first possible redemption date. 3) Of which MSEK 100 issued at a rate of 100.808%, corresponding to a floating rate of Stibor (3 months) plus 2.15 percentage points to the first possible redemption date. The table below shows a summary of the company's interest rate derivatives portfolio. Swap contracts (derivatives) are assessed at fair value and are classified in level 2 in accordance with IFRS 13. Fair value is determined by using market interest rates for the respective term and are based on discounting of future cash flows. If the agreed interest rate differs from the market interest rate, this gives rise to an excess or deficit in value and the change in value is accounted over the income statement. Upon maturity, a derivative’s market value has been dissolved and the changes in value over time do not affect equity. The total market value of derivatives amounted to MSEK -139 (19) on the balance sheet date. Variations in the change in value of derivatives between quarters are mainly reflected by changes in differences between expectations of future interest rate levels and the fixed interest rate of the derivatives at the end of the quarters with the associated contract length. The net effect of changes in value for the period amounted to MSEK -158. The average net interest rate for the company's derivative portfolio, including its Stibor effect, was -0.19 percent (-0.98) as of 30 June, with a fixed interest term for the interest rate hedging portfolio of 3.5 years. Funding 2025 30 June 2024 31 Dec. Bank loans, MSEK 10,272 10,145 Commercial paper loans, MSEK 1,070 875 Bond loans, MSEK 1,701 1,601 Interest coverage ratio, multiple 2.7 2.4 Interest coverage ratio, rolling 12 month, multiple 2.7 2.4 Average interest rate, % 4.23 4.38 Cash and cash equivalents, MSEK 197 97 Loan-to-value ratio, % 51.0 51.8 Equity/assets ratio, % 38.3 38.9 Average loan maturity period, years 3,0 2.3 Average fixed interest, years 2.3 2.1 Proportion of interest-hedged loan portfolio,% 55.0 48.9 Net debt to EBITDA ratio, multiple 7.9 8.0 Capital structure, % Equity 38 (39) Loans from credit institutes 40 (41) Commercial paper loans 4 (4) Bond loans 7 (6) Deferred tax 6 (6) Other liabilities 5 (4) -3 -2 -1 0 1 2 3 4 5 6 7 8 Average interest rate level 800 700 600 500 400 300 200 100 0 -100 -200 -300 Bps 30 June 2025 30 June 202531 Dec 202431 Dec 2024 423438 213254 152 280 -181 230 -165 223 206 115 Closing Stibor 3M, end of period Interest rate derivatives’ Stibor effect Interest rate derivatives’ portfolio - fixed interest rate Stibor effect of the loans Loan margin Overview - interest rate derivatives portfolio MSEK Nominal amount Remaining term, years Average fixed interest rate, % Market value Interest rate hedging portfolio 7,175 3.5 1.99 -64 Callable interest rate derivatives1) 1,500 8.5 2.17 -47 Performance swaps 2) 750 3.2 2.99 -28 Total derivative portfolio 9,425 4.3 2.10 -139 1) Callable swaps for the counterparty upto termination dates quarterly in the period from 8 November 2033 to 5 March 2034. The remaining term above reflects the maximum term upto termination dates as if no call option is exercised by the counter party. 2) The average knock-in level is 3.5%. If this knock-in level is met or exceeded for Stibor 3M, the swap will mature without any flows, i.e. the net effect is SEK 0. ===== SIDA 18 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 18 Summary report, MSEK 30/06/2025 30/06/2024 31/12/2024 Assets Investment properties 24,465 20,872 23,384 Leasehold rights 168 144 147 Participations in associated companies and joint ventures 494 473 479 Derivatives - 71 19 Other fixed assets 135 54 84 Total fixed assets 25,263 21,612 24,113 Other current assets excluding cash and cash equivalents 409 286 361 Cash and cash equivalents 197 267 97 Assets held for sale - - 32 Total current assets 606 553 490 Total assets 25,868 22,165 24,604 Equity and liabilities Equity 9,897 7,897 9,568 Deferred tax 1,539 1,320 1,453 Long-term interest-bearing liabilities 12,188 9,406 10,676 Long-term interest-bearing lease liabilities 168 144 147 Derivatives 139 - - Total long-term liabilities and provisions 14,034 10,870 12,275 Current interest-bearing liabilities 896 2,641 1,911 Other current liabilities 1,041 757 817 Liabilities attributable to assets held for sale - - 32 Total current liabilities 1,937 3,398 2,761 Total equity and liabilities 25,868 22,165 24,604 Consolidated statement of financial position Consolidated changes in equity Summary report, MSEK Share capital Other contributed capital Retained earnings, incl. profit for the year Total equity attributable to parent company's shareholders Non-controlling interest Total equity Opening equity 01/01/2024 334 2,949 4,533 7,816 33 7,849 Comprehensive income for the period Jan-June 2024 - - 439 439 0 439 Dividend - - -391 -391 - -391 New issue of common shares 0 - - 0 - 0 Total transactions with shareholders 0 - -391 -391 - -391 Closing equity 30/06/2024 334 2,949 4,581 7,864 33 7,897 Comprehensive income for the period Jul-Dec 2024 - - 475 475 0 475 Dividends paid - - -8 -8 -1 -9 New issue of common and preference shares 29 1,084 - 1,113 - 1,113 Incentive plan - 3 - 3 - 3 Warrants redeemed by staff 0 - - 0 - 0 Change in holdings without controlling influence - - -6 -6 96 90 Total transactions with shareholders 29 1,087 -14 1,102 95 1,196 Closing equity 31/12/2024 363 4,036 5,042 9,440 128 9,568 Comprehensive income for the period Jan-June 2025 - - 473 473 4 477 Dividend - - -432 -432 0 -433 New issue of common and preference shares 49 338 - 386 - 386 Change in holdings without controlling influence - - - 0 -100 -100 Total transactions with shareholders 49 338 -432 -46 -101 -147 Closing equity 30/06/2025 412 4,373 5,082 9,867 31 9,897 As of 30 June 2025, NP3's share capital consists of 61,580,794 common shares and 56,000,000 preference shares. ===== SIDA 19 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 19 Summary report, MSEK 2025 3 months Apr-Jun 2024 3 months Apr-Jun 2025 6 months Jan-Jun 2024 6 months Jan-Jun 2024 12 months Jan-Dec Operating activities Profit from property management 281 209 515 376 879 Profit from property management from associated companies and joint ventures -10 -8 -20 -16 -37 Dividend received from associated companies and joint ventures 10 - 10 10 23 Distribution in kind provided, non-cash item - -229 - -229 -229 Other non-cash items 3 -7 0 -11 1 Tax paid 0 0 -58 -28 -29 Cash flow from operating activities before changes in working capital 284 -35 447 102 607 Increase (+)/Decrease (-) in operating receivables 1 43 -14 24 128 Increase (+)/Decrease (-) in operating liabilities -49 81 -50 125 129 Cash flow from operating activities 236 89 383 252 864 Investment activities Acquisitions of properties -464 -183 -613 -186 -2,027 Divested properties - - 76 31 30 Investments in existing properties and other fixed assets -131 -136 -241 -260 -570 Investments in new construction -32 -15 -72 -22 -162 Investments in financial assets -34 -20 -67 -21 -152 Divestment of financial assets 4 295 4 297 381 Change in holdings without controlling influence -100 - -100 - - Cash flow from investment activities -758 -58 -1,013 -162 -2,501 Financing activities New issue 386 0 386 0 1,115 Borrowings 574 425 950 764 1,980 Amortisation of borrowings -452 -367 -452 -661 -1,337 Dividend paid -102 -19 -154 -110 -208 Cash flow from financing activities 406 39 730 -7 1,551 Cash flow for the period -116 69 100 84 -86 Cash and cash equivalents at the beginning of the period 313 198 97 183 183 Cash and cash equivalents at the end of the period 197 267 197 267 97 Financial position and cash flow Comparisons in brackets refer to balance sheet items at the beginning of the year. For cash flow items, the comparative figures refer to the corresponding period of the previous year. The market value of the properties was MSEK 24,465 (23,384) at the end of the period, an increase of MSEK 1,081 since the beginning of the year, which is explained by project investments, property acquisitions, changes in value and property sales. Closing cash and cash equivalents were MSEK 197 (97). The holding in Cibola Hospitality Group, which at the beginning of the year was reported as an asset held for sale, was partially divested during the period and is now classified as participations in associated companies. Equity has been affected by net profit, a new issue as well as dividend, and amounted to MSEK 9,897 (9,568). Accrued borrowing expenses have reduced interest-bearing liabilities in the balance sheet by MSEK 41. Long-term interest- bearing liabilities after adjustment for accrued borrowing expenses amounted to MSEK 12,188 (10,676). Interest-bearing current liabilities amounted to MSEK 896 (1,911), MSEK 366 related to maturity and repayment of bank loans within twelve months, MSEK 451 commercial papers and MSEK 79 to repayment of promissory note liabilities. On the balance sheet date, the company's interest rate derivatives had a negative value of MSEK 139 (-19). For more information on the company's interest-bearing liabilities, see pages 16 and 17. The loan-to-value ratio amounted to 51 percent (52) and the equity/assets ratio to 38 percent (39). The company’s net debt to EBITDA ratio on the balance sheet date was 7.9 x (8.0). Cash flow from operating activities amounted to MSEK 383 (252). Acquisitions of properties affected cash flow by MSEK -613 (-186), and divestments of properties contributed MSEK 76 (31). Investments in existing properties and new construction totalled MSEK -313 (-282). Changes in financial assets affected cash flow by MSEK -63 (276) and changes in non-controlling interests amounted to MSEK -100 (-). Cash flow from financing activities amounted to MSEK 730 (-7) and consists of new share issues, net borrowing and dividend paid in cash. Overall, cash and cash equivalents changed by MSEK 100 (84) during the year. Consolidated statement of cash flows ===== SIDA 20 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 20 Income statement - summary report, MSEK 2025 3 months Apr-Jun 2024 3 months Apr-Jun 2025 6 months Jan-Jun 2024 6 months Jan-Jun 2024 12 months Jan-Dec Net sales 0 0 0 0 71 Operating expenses -33 -27 -60 -53 -114 Operating profit/loss -33 -27 -60 -53 -43 Net financial income 28 156 55 205 348 Profit/loss after financial items -5 129 -5 152 305 Appropriations - - - - 58 Profit before tax -5 129 -5 152 364 Tax on profit for the period - -4 - -8 - Net profit -5 125 -5 144 364 Balance sheet - parent company, MSEK 30/06/2025 30/06/2024 31/12/2024 Intangible assets 5 6 6 Participations in group companies 684 677 684 Non-current receivables group companies 6,634 5,640 5,948 Other financial assets 105 9 21 Total fixed assets 7,428 6,332 6,659 Current receivables group companies 4,081 2,532 3,964 Other current receivables 85 75 85 Cash and cash equivalents 79 216 41 Total current assets 4,245 2,823 4,090 Total assets 11,673 9,155 10,749 Restricted equity 412 334 363 Unrestricted equity 2,724 1,528 2,824 Total equity 3,136 1,862 3,187 Untaxed reserves 20 20 20 Long-term interest-bearing liabilities 7,548 5,734 6,303 Total long-term liabilities and provisions 7,568 5,754 6,323 Current interest-bearing liabilities 572 1,334 1,122 Other liabilities 397 205 117 Total current liabilities 969 1,539 1,239 Total equity and liabilities 11,673 9,155 10,749 Comment on the parent company The parent company’s revenue consists mainly of costs passed on to subsidiaries and financial revenue in the form of dividends and interest income. Costs consist of central administration costs and financial costs such as interest and accrued borrowing expenses. The parent company’s balance sheet consists mainly of participations in wholly-owned subsidiaries and receivables from those, as well as equity and interest-bearing liabilities. Income statement - parent company ===== SIDA 21 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 2121 Segment reporting MSEK Sundsvall Gävle Dalarna Östersund Umeå Skellefteå Luleå Middle Sweden Not distributed costs Total group Jan-Jun 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 Rental income and other revenue 225 216 155 137 159 143 155 101 128 119 128 120 147 133 104 79 0 -2 1,203 1,046 Vacancy -25 -20 -13 -7 -12 -9 -7 -4 -8 -8 -11 -6 -5 -6 -7 -9 - - -89 -68 Repairs and maintenance -5 -5 -2 -2 -4 -3 -3 -2 -5 -3 -1 -1 -2 -2 -2 -2 0 0 -24 -20 Property up keep and operation -47 -47 -21 -23 -35 -33 -28 -23 -29 -29 -24 -30 -28 -28 -17 -14 2 1 -228 -227 Property tax -4 -4 -4 -3 -3 -2 -3 -2 -4 -3 -3 -3 -4 -3 -3 -2 0 - -28 -24 Customer losses -1 -1 0 0 -7 -1 -1 0 1 0 0 -2 0 0 0 -1 0 - -8 -6 Net operating income 142 139 115 102 98 93 114 69 84 76 88 78 108 93 74 51 3 -1 826 701 Surplus ratio, % 71 71 81 78 67 70 77 71 70 68 75 69 76 73 77 73 74 72 Number of properties 135 127 75 73 71 69 64 42 53 46 54 53 57 51 66 55 575 516 Lettable area, sqm 432 426 287 275 363 342 260 163 234 217 244 237 242 222 195 147 2,258 2,029 Rental value 453 435 290 274 324 285 313 203 260 233 254 240 302 267 214 161 2,411 2,097 Occupancy rate,1) % 89 91 90 95 92 93 96 96 94 93 91 94 96 95 93 89 93 93 Property value 4,558 4,352 3,079 2,878 3,055 2,680 3,495 2,034 2,562 2,214 2,592 2,494 2,933 2,431 2 ,1 92 1,686 24,465 20,872 1) Calculated on current rental value on the balance sheet date. The property company’s net operating income margin remained stable but was higher than the previous year, primarily due to lower winter-related and tariff-based costs. The Sundsvall business area is the company's largest and has continued strong demand for premises, even though the value of vacancies for the area is high in relation to other business areas. At the end of 2024, a significant vacancy occurred in a property acquired in 2022 with the knowledge that the tenant would move out in 2024. Vacancy rates have increased in Gävle compared to the same period last year, largely due to two major insolvencies. Despite the increase, market conditions in the business area remain favorable. In Dalarna, provisions for customer losses have risen over the past year, which can be attributed to a single tenant. However, the market outlook in the area remains positive, and agreements for new construction have been signed. In Östersund, the properties from the acquisition of Frösö Park and Cibola were accessed during the fourth quarter of 2024, which increased the business area's property value and rental value to the second and third highest in the company, respectively. The business area has a low vacancy rate and a continued strong rental market. In Umeå, the rental market is stable with good demand. High winter costs have, as in the previous year, affected the surplus ratio. The occupancy rate in Skellefteå has temporarily decreased since the previous year due to ongoing projects. New rental agreements with occupancy at the end of 2026 have been signed for 30 percent of the economic vacancy. Major industrial investments are underway in the Luleå business area, which has resulted in increased demand for premises. Luleå has the highest average rental value in the portfolio and the lowest vacancy rate. The Middle Sweden business area has primarily included properties in Karlstad, Örebro, and Västerås. At the end of 2024, the business area was expanded through the acquisition of six properties in Eskilstuna. An additional property in Eskilstuna was acquired during the second quarter of 2025. Segment reporting in summary ===== SIDA 22 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 22 NP3 has two classes of shares, common shares and preference shares, which are listed on Nasdaq Stockholm Large Cap. In May, the company carried out, based on the issue authorization received at the Annual general meeting on 7 May and resolved by the Board of Directors on 15 May, a directed new issue of 13,7000,000 preference shares. In addition, as a result of the decision for a three-year incentive programme made at the company's AGM in May 2022, warrants were exercised and 18,391 common shares were issued in June. The total number of shares outstanding as of 30 June 2025, after completed issues, amounted to 117,580,794 shares, divided into 61,580,794 common shares and 56,000,000 preference shares. The number of shareholders at the end of the period amounted to 11 702 (10,472). The share price for common shares was SEK 270.00 (257.00) on the balance sheet date, which is equivalent to a market value of MSEK 16,627 (14,794). In addition, there are preference shares with a share price of SEK 30.70 (28.20) at balance sheet date, which is equivalent to a market value of MSEK 1,719 (1,079). Total market value as of 30 June amounted to MSEK 18,346 (10,140). The highest price paid for the period 1 July 2024 to 30 June 2025 amounted to SEK 287.50 and was quoted on 15 July 2024. The lowest price paid for the twelve-month period was recorded on 9 April 2025 and amounted to SEK 196.40. The volume-weighted average price for the period was SEK 251.78 (223.13). Long-term net assets value reflecting long-term net asset value reduced by preference capital and holdings without controlling influence amounted to MSEK 9,808 (7,935), which is equivalent to SEK 159.26 per common share (137.85). The share price at the end of the period was 205 percent (221) of equity per common share and 170 percent (186) of the long- term net asset value per common share. Shares and owners Comparisons in brackets relate to the corresponding period of the previous year. Distribution of profit from property management after current taxStock price/profit from property management per common share Closing price common share Stock price/profit from property management per common share, rolling 12 months SEK x 400 350 300 250 200 150 100 50 0 35 30 25 20 15 10 5 0 2021 Q4 2022 Q2 2022 Q4 2023 Q2 2023 Q4 2024 Q2 2024 Q4 2025 Q2 2015 Q4 2016 Q2 2016 Q4 2017 Q2 2018 Q2 2019 Q2 2020 Q2 2020 Q4 2021 Q2 2017 Q4 2018 Q4 2019 Q4 1) Source: Compiled and processed data from Monitor by Modular Finance AB. Jan-Dec, MSEK 2024 2023 2022 2021 2020 Profit from property management 879 744 785 661 558 Current tax -75 -68 -55 -44 -49 Profit from property management after current tax 804 676 730 617 509 Dividend 4321) 3992.3) 363 310 271 Distribution in percent of profit from property management after current tax 54% 59% 50% 50% 53% 1) Of the reported amount, MSEK 27 relate to additional dividends on newly issued common and preference shares. 2) Included a distribution in kind of Class B shares in Fastighetsbolaget Emilshus AB (publ). The stock price of the Emilshus Class B share on 31 December 2023 was SEK 31.80. The value of the distribution in kind was based on this stock price. In addition to the distribution in kind, a cash dividend of SEK 1.50 per common share and a cash dividend of SEK 2.00 per preference share were paid. 3) Of the reported amount, MSEK 8 relate to additional dividends on newly issued common and preference shares. NP3 volume 1000s/month (trading Nasdaq) NP3 closing price/total return OMX Stockholm GI OMX Real Estate GI NP3’s total return compared to Nasdaq Stockholm’s total return index1) Volume 1000s Closing price, SEK NP3 volume 1000s/month (trading Nasdaq) NP3 closing price Carnegie Fastighetsindex NP3's price development compared to Carnegie Real Estate Index 1) Volume 1000s Closing price, SEK 0 5 10 15 20 25 30 35 0 50 100 150 200 250 300 350 400 ggrkr 2024-06-302024-07-312024-08-312024-09-302024-10-312024-11-302024-12-312025-01-312025-02-282025-03-31 2025-06-302025-05-312025-04-30 2024-06-302024-07-312024-08-312024-09-302024-10-312024-11-302024-12-312025-01-312025-02-282025-03-31 2025-06-302025-05-312025-04-30 2 200 2 000 1 800 1 600 1 400 1 200 1 000 800 600 400 200 0 300 250 200 150 100 50 0 2 400 2 200 2 000 1 800 1 600 1 400 1 200 1 000 800 600 400 200 0 350 300 250 200 150 100 50 00,00 50,00 100,00 150,00 200,00 250,00 300,00 0,00 200,00 400,00 600,00 800,00 1000,00 1200,00 1400,00 1600,00 1800,00 2000,00 2200,00 2024-06-30 2024-07-31 2024-08-31 2024-09-30 2024-10-31 2024-11-30 2024-12-31 2025-01-31 2025-02-28 2025-03-31 2025-04-30 2025-05-31 2025-06-30 NP3 stängningskurs/totalavkastning vs OMX Stockholm GI & OMX Real Estate GI1) NP3 volym / 1000 NP3 stängningskurs/totalavkastning OMX Stockholm GI OMX Real Estate GI 0,00 50,00 100,00 150,00 200,00 250,00 300,00 350,00 0,00 200,00 400,00 600,00 800,00 1000,00 1200,00 1400,00 1600,00 1800,00 2000,00 2200,00 2400,00 2024-06-30 2024-07-31 2024-08-31 2024-09-30 2024-10-31 2024-11-30 2024-12-31 2025-01-31 2025-02-28 2025-03-31 2025-04-30 2025-05-31 2025-06-30 NP3 stängningskurs vs Carnegie Fastighetsindex NP3 volym / 1000 NP3 stängningskurs Carnegie Fastighetsindex ===== SIDA 23 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 23 The NP3-share Shareholder structure as of 30 June. 2025 1) Size of holdings Number of shareholders Votes per share, % 1 – 500 7,954 0.7 501 – 1,000 1,131 0.4 1,001 – 2,000 917 0.6 2,001 – 5,000 807 0.9 5,001 – 10,000 395 1.0 10,001 – 50,000 373 3.5 50,001 – 125 91.2 Unknown size of holdings 0 1.7 Total 11,702 100 Figures in brackets relate to holdings and votes at the beginning of 2025. Trading of the share at Nasdaq Stockholm Closing price, SEK Average number of transactions per trading day Turnover rate, % Average trading volume per trading day, MSEK 30 June 2025 30 June 2024 Jan-Jun 2025 Jan-Jun 2024 Jan-Jun 2025 Jan-Jun 2024 Jan-Jun 2025 Jan-Jun 2024 Common share 270.00 257.00 558 354 25 20 15.3 7.4 Preference share 30.70 28.40 197 89 74 18 4.0 0.7 Swedish institutional owners 20 (22) Swedish private individuals 25 (22) Foreign institutional owners 9 (9) Unknown owner type 4 (2) Others 42 (45) Sweden 86 (89) USA 3 (3) Denmark 3 (3) Norway 2 (2) Others 6 (4) Owner categories 1), % Breakdown by country 1), % 1) Source: Monitor by Modular Finance AB. Shareholders as of 30 June 20251) Number of common shares Number of preference shares Share of capital, % Share of votes, % AB Sagax (Satrap Kapitalförvaltning AB) 13,200,000 4,600,000 15.1 (15.2) 20.3 (20.5) Bäckarvet Holding AB 7,429,863 570,437 6.8 (7.7) 11.1 (11.4) Inga Albertina Holding AB 7,429,863 570,436 6.8 (7.7) 11.1 (11.4) Försäkringsaktiebolaget Avanza Pension 580,751 5,199,875 4.9 (3.0) 1.6 (1.0) PPB Holding AB/Patrik Brummer - 4,166,666 3.5 (4.0) 0.6 (0.6) Länsförsäkringar Fondförvaltning AB 4,081,781 - 3.5 (4.4) 6.1 (7.0) Poularde AB - 4,000,000 3.4 (3.9) 0.6 (0.6) Danske Invest 1,327,654 1,935,000 2.8 (3.1) 2.3 (2.3) Lannebo Kapitalförvaltning 3,132,756 - 2.7 (2.9) 4.7 (4.6) SEB Funds 1,810,755 - 1.5 (1.9) 2.7 (3.0) Fjärde AP-fonden 1,689,599 86,981 1.5 (3.7) 2.5 (2.9) Nordnet Pensionsförsäkring 71,136 1,683,402 1.5 (0.5) 0.4 (0.2) Vanguard 1,730,854 - 1.5 (1.3) 2.6 (2.0) Handelsbanken Liv Försäkring AB 655,589 910,092 1.3 (1.4) 1.1 (1.1) Handelsbanken Fonder 1,502,372 - 1.3 (1.4) 2.2 (2.3) J.A. Göthes AB 1,041,600 416,640 1.2 (1.4) 1.6 (1.6) Atlant Fonder - 1,035,000 0.9 (0.0) 0.2 (0.0) Ulf Jönsson - 1,000,000 0 . 9 (1.0) 0.1 (0.2) Swedbank Robur Fonder 899,609 - 0.8 (0.6) 1.3 (0.9) Sensor Fonder - 840,000 0.7 (0.0) 0.1 (0.0) Total 20 largest shareholders 46,584,182 27,014,529 62.6 (65.2) 73.4 (73.5) Other shareholders 14,996,612 28,985,471 37.4 (34.8) 26.6 (26.5) Total number of shares 61,580,794 56,000,000 100.0 100.0 ===== SIDA 24 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 24 Income statement, MSEK 2025 2nd quarter Apr-Jun 2025 1st quarter Jan-Mar 2024 4th quarter Oct-Dec 2024 3rd quarter Jul-Sep 2024 2nd quarter Apr-Jun 2024 1st quarter Jan-Mar 2023 4th quarter Oct-Dec 2023 3rd quarter Jul-Sep 2023 2nd quarter Apr-Jun Rental income 564 551 523 491 486 492 464 444 443 Property costs -107 -154 -113 -74 -101 -152 -106 -68 -93 Property tax -14 -14 -12 -12 -12 -12 -12 -12 -12 Net operating income 443 383 398 404 373 328 346 365 338 Central administration -25 -20 -25 -15 -20 -18 -25 -15 -17 Result from associated companies and joint ventures 16 8 5 8 -8 8 -9 10 -11 Net financial income -148 -139 -136 -145 -153 -151 -162 -162 -149 Profit/loss after financial items 287 232 242 252 193 168 150 198 161 -of which profit from property management 281 235 250 253 209 168 175 206 195 Changes in value of properties 120 101 121 45 155 2 34 -165 -176 Changes in value of financial instruments -143 7 139 -158 -100 132 -285 15 60 Profit before tax 264 340 502 139 248 303 -101 48 46 Current tax -21 -19 -25 -20 -13 -17 -28 -24 -5 Deferred tax -40 -46 -112 -9 -36 -45 -11 14 -4 Net profit1) 203 274 364 110 198 241 -140 39 36 Comprehensive income relating to the parent company’s shareholders 200 272 365 109 198 241 -137 38 35 Comprehensive income relating to non-controlling interest 2 2 -1 1 0 0 -3 1 1 1) Net profit is consistent with the comprehensive net profit. Financial position, MSEK 2025 30 June 2025 31 March 2024 31 Dec. 2024 30 Sept. 2024 30 June 2024 31 March 2023 31 Dec. 2023 30 Sept. 2023 30 June Investment properties 24,465 23,708 23,384 21,127 20,872 20,382 20,276 19,985 20,041 Leasehold rights 168 163 147 145 144 149 150 132 130 Participations in associated companies and joint ventures 494 487 479 537 473 467 468 1,021 1,015 Derivatives - 27 19 - 71 131 43 390 362 Other fixed assets 135 106 84 53 54 54 54 79 36 Other current assets excl. cash and cash equivalents 409 419 393 329 286 773 711 102 127 Cash and cash equivalents 197 313 97 287 267 198 183 190 254 Total assets 25,868 25,224 24,604 22,477 22,165 22,153 21,885 21,899 21,966 Equity 9,897 9,842 9,568 8,990 7,897 8,089 7,489 7,994 7,954 Deferred tax 1,539 1,499 1,453 1,329 1,320 1,284 1,240 1,229 1,243 Interest-bearing liabilities 13,084 12,962 12,587 11,149 12,047 11,988 11,943 11,838 11,894 Lease liabilities 168 163 147 145 144 149 150 132 130 Derivatives 139 - - 128 - - - - - Non-interest bearing liabilities 1,041 757 849 736 757 642 704 706 744 Total equity and liabilities 25,868 25,224 24,604 22,477 22,165 22,153 21,885 21,899 21,966 Quarterly summary Rental income by quarter Net operating income by quarter Profit from property management by quarter 1 2 3 4 1 21 2 3 4 1 2 3 4 Q 1 2 3 4 2021 2022 2024 20252023 600 500 400 300 200 100 0 MSEK 0 100 200 300 400 500 600mkr Hyresintäkter per kvartal 1 2 3 4 1 2 1 2 3 4 1 2 3 4 Q 1 2 3 4 2021 2022 2024 20252023 Net operating income Surplus ratio, % 500 450 400 350 300 250 200 150 100 50 0 MSEK % 90 80 70 60 50 40 30 20 10 00% 10% 20% 30% 40% 50% 60% 70% 80% 90% 0 50 100 150 200 250 300 350 400 450 500mkr Driftsöverskott per kvartal Driftsöverskott Överskottsgrad % Profit from property management Profit from property management, % of rental income % 300 250 200 150 100 50 0 70 60 50 40 30 20 10 0 MSEK 1 2 3 4 1 2 1 2 3 4 1 2 3 4 Q 1 2 3 4 2021 2022 2024 20252023 0% 10% 20% 30% 40% 50% 60% 70% 0 50 100 150 200 250 300mkr Förvaltningsresultat Förvaltningsresultat % ===== SIDA 25 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 25 Key ratios 2025 3 months Apr-Jun 2024 3 months Apr-Jun 2025 6 months Jan-Jun 2024 6 months Jan-Jun 2024 12 months Jan-Dec Property-related key ratios Number of properties at the end of the period 575 516 575 516 554 The properties’ lettable area, tsqm 2,258 2,029 2,258 2,029 2,201 Investment properties, MSEK 24,465 20,872 24,465 20,872 23,384 Property value, SEK/sqm 10,835 10,287 10,835 10,287 10,624 Rental value, MSEK 2,411 2,097 2,411 2,097 2,326 Financial occupancy rate, % 93 93 93 93 93 Surplus ratio, % 79 77 74 72 75 Yield , % 7.2 7.0 7.2 7.0 7.1 Financial key ratios Return on equity, common share, % 11.1 3.9 11.1 3.9 11.7 Return on equity, % 10.3 4.3 10.3 4.3 10.8 Return on equity, before tax, % 13.5 6.3 13.5 6.3 14.0 Return on equity from the profit from property management, % 11.0 9.5 11.0 9.5 10.4 Debt/equity ratio, multiple 1.3 1.5 1.3 1.5 1.3 Net debt to EBITDA ratio, multiple 7.9 8.4 7.9 8.4 8.0 Interest coverage ratio, multiple 2.9 2.3 2.7 2.2 2.4 Interest coverage ratio, rolling 12 month, multiple 2.7 2.1 2.7 2.1 2.4 Loan-to-value ratio, % 51.0 55.1 51.0 55.1 51.8 Equity/assets ratio, % 38.3 35.6 38.3 35.6 38.9 Average interest rate, % 4.23 4.91 4.23 4.91 4.38 Average loan maturity period, years 3,0 2.0 3,0 2.0 2.3 Average fixed interest period, years 2.3 2.3 2.3 2.3 2.1 Proportion of interest-hedged loan portfolio,% 55.0 47.4 55.0 47.4 48.9 Key ratios per common share Number of shares at the end of the period, thousands 61,581 57,562 61,581 57,562 61,562 Weighted average number of shares, thousands 61,572 57,530 61,565 57,506 59,136 Equity, SEK 132.02 116.14 132.02 116.14 131.34 Long-term net asset value, SEK 159.26 137.85 159.26 137.85 154.64 Profit from property management, SEK 4.22 3.30 7.68 5.88 13.57 Profit after tax, SEK 2.91 3.12 6.99 6.97 14.17 Dividend, SEK - - - - 5.20 Share price at the end of the period, SEK 270.00 257.00 270.00 257.00 250.00 Key ratios per preference share Number of shares at the end of the period, thousands 56,000 38,000 56,000 38,000 42,300 Equity, SEK 31.00 31.00 31.00 31.00 32.00 Earnings, SEK 0.50 0.50 1.00 1.00 2.00 Dividend, SEK - - - - 2.00 Share price at the end of the period, SEK 30.70 28.40 30.70 28.40 29.90 For reconciliation of key ratios and definitions, see pages 26-27. ===== SIDA 26 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 26 MSEK 2025 Jan-Jun 2024 Jan-Jun 2024 Jan-Dec Net debt 12,723 11,767 12,341 Net operating income, future-orientated 12 months acc. to earnings capacity 1,668 1,462 1,602 Central administration costs, rolling 12 months -85 -71 -78 Dividends from associated companies and joint ventures, rolling 12 months 23 14 23 Adjusted net operating income 1,606 1,405 1,547 Net debt to EBITDA ratio, multiple 7.9 8.4 8.0 Profit from property management 515 376 879 Add-back of profit from property management from associated companies and joint ventures -20 -16 -37 Dividends from associated companies and joint ventures 10 10 23 Financial expenses 290 307 599 Adjusted profit from property management 795 685 1,464 Interest coverage ratio, multiple 2.7 2.2 2.4 Net debt 12,723 11,767 12,341 Market value properties 24,465 20,872 23,384 Participations in associated companies and joint ventures 494 473 479 Loan-to-value ratio, % 51.0 55.1 51.8 Equity according to financial position 9,897 7,897 9,568 Balance sheet total 25,868 22,165 24,604 Equity/assets ratio, % 38.3 35.6 38.9 Equity according to financial position 9,897 7,897 9,568 Deduction preference capital -1,736 -1,178 -1,354 Deduction non-controlling interest -32 -34 -128 Number of shares at the end of the period, thousands 61,581 57,562 61,562 Equity, SEK/common share 132.02 116.14 131.34 Equity according to financial position 9,897 7,897 9,568 Deduction preference capital -1,736 -1,178 -1,354 Deduction non-controlling interest -32 -33 -128 Add-back derivatives 139 -71 -19 Add-back deferred tax 1,539 1,320 1,453 Number of shares at the end of the period, thousands 61,581 57,562 61,562 Long-term net asset value, SEK/common share 159.26 137.85 154.64 Profit from property management 515 376 879 Deduction of preference shareholders' preferential right to dividend, paid during the period -42 -38 -76 Average number of common shares, thousands 61,565 57,506 59,136 Profit from property management, SEK/ common share 7.68 5.88 13.57 Reconciliation of key ratios MSEK 2025 Jan-Jun 2024 Jan-Jun 2024 Jan-Dec Interest-bearing liabilities 13,084 12,047 12,587 Current investments -164 -13 -148 Cash and cash equivalents -197 -267 -97 Net debt 12,723 11,767 12,341 Profit after tax, relating to the parent company's shareholders 473 439 914 Deduction of preference shareholders' preferential right to dividend, paid during the period -42 -38 -76 Profit after tax reduced by holders of preference shares’ right to dividend 430 401 838 Average number of common shares, thousands 61,565 57,506 59,136 Profit after tax, SEK/common share 6.99 6.97 14.17 Rental income 1,115 978 1,992 Net operating income 826 701 1,503 Surplus ratio, % 74 72 75 Net operating income, rolling 12 months 1,628 1,412 1,503 Average market value of properties 22,711 20,311 21,208 Yield , % 7.2 7.0 7.1 Profit after tax, relating to shareholders in the parent company, rolling 12 months 948 340 914 Deduction of preference shareholders' preferential right to dividend, paid during the period -80 -76 -76 Average equity after settlement of preference capital and non-controlling interest 7,799 6,717 7,190 Return on equity, common share, % 11.1 3.9 11.7 Profit after tax, rolling 12 months 951 339 914 Average total equity 9,239 7,957 8,479 Return on equity, % 10.3 4.3 10.8 Profit before tax, rolling 12 months 1,244 498 1,191 Average total equity 9,239 7,957 8,479 Return on equity, before tax, % 13.5 6.3 14.0 Profit from property management, rolling 12 months 1,018 753 879 Average total equity 9,239 7,957 8,479 Return on equity from the profit from property management, % 11.0 9.5 10.4 Net debt 12,723 11,767 12,341 Equity according to financial position 9,897 7,897 9,568 Debt/equity ratio, multiple 1.3 1.5 1.3 NP3 applies the guidelines for alternative performance measures issued by ESMA. Alternative performance measures refer to financial measure - ments that are not defined or stated in the rules applicable to financial reporting, i.e. IFRS. The company reports certain financial measurements in the report that are not defined in accordance with IFRS. The alternative key ratios which NP3 presents are used by company management to assess the company’s financial development. Accordingly, they are also assessed as giving other stakeholders, such as analysts and investors, valuable information. But not all companies calculate financial measurements in the same way, and these financial measurements shall therefore not be seen as a replacement for measurements defined according to IFRS. Below you’ll find a reconciliation of the alternative financial key ratios that are presented in this report. Definitions of the key ratios can be found on page 27. ===== SIDA 27 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 27 Definitions Return on equity Profit after tax for a rolling 12-month period, in percent of average equity. Return on equity, before tax Profit before tax for a rolling 12-month period, in percent of average equity. Return on equity, common share Profit after tax for a rolling 12-month period, reduced by the preference shares’ preferential right to dividend (paid during the period), and share in profits for non-controlling interest, in percent of average equity after settlement of preference capital and non-controlling interest. Return on equity from the profit from property management Profit from property management for a rolling 12-month period, in percent of average equity. Loan-to-value ratio Net debt in percent of the properties’ recorded value and investments in associated companies and joint ventures. CAGR (Compounded Annual Growth Rate) Average annual growth expressed as a percentage. Yield Net operating income for a rolling 12-month period as a percentage of the average market value of the properties. The key ratio shows the return from the operating activities in relation to the properties’ market value. Net operating income Rental income for the period less property costs. Equity, SEK/common share Equity relating to the parent company’s shareholders after settlement of preference capital in relation to the number of common shares at the end of the period. Equity, SEK/preference share Equity per preference share corresponds to the share’s redemption price upon liquidation plus accrued dividend. Economic occupancy rate Rental income in percentage of rental value. Investment property Investment property refers to a property that is held in order to generate rental income and/or increase in value. All of NP3’s properties are assessed as constituting investment properties, so the term is thus consistently “property” in reports and reports. Profit from property management Net profit before tax and changes in value and tax in both group and associated companies as well as joint ventures. Profit from property management, SEK/common share Net profit before tax and changes in value reduced by the preference shares’ preferential right to dividend, paid during the period, in relation to the weighted average number of common shares. Average interest rate Weighted interest on interest-bearing liabilities (excluding liabilities rights of use) taking into account interest rate derivatives on the balance sheet date. Average remaining lease term The weighted average remaining term for the rental agreements. Rental income Debited rents and extra charges less rent discounts. Rental value Rental income on current agreements with addition for assessed market rent for unlet areas 12 months ahead from the balance sheet date. Long-term net asset value, SEK/common share Recorded equity, after taking into account the preference capital and non-controlling interest, with add-back of derivatives and deferred tax, in relation to the number of common shares at the end of the period. The key ratio shows the net assets’ fair value from a long-term perspective. Assets and liabilities not assessed as falling due, such as fair value on derivatives and deferred taxes, are thus excluded. Net investments The sum of acquired properties, as well as investments in projects and associated companies and joint ventures with deduction for sales price on properties that have been disposed of, directly and via companies, as well as with deduction for divested participations in associated companies and joint ventures. Net debt Interest-bearing liabilities, excluding liability rights of use, with deduction for liquid assets and current investments. Preference capital Number of preference shares multiplied by equity per preference share. Profit after tax, SEK/common share Net profit after tax relating to the mother company’s shareholders, reduced by the holders of preference shares’ preferential right to dividend for the period, paid during the period, in relation to the weighted average number of common shares. Interest coverage ratio Profit from property management, excluding administration result from associated companies and joint ventures but including dividends from associated companies and joint ventures, after adding back financial expenses in relation to financial expenses. Net debt to EBITDA ratio Net debt on the balance sheet date relative to twelve months’ forward-looking net operating income less central administration expenses plus dividends received from associated companies and joint ventures rolling 12 months. Debt/equity ratio Net debt in relation to equity on the balance sheet date. Equity/assets ratio Adjusted equity as a percentage of the balance sheet total. Properties accessed Agreed property value reduced by tax rebate for properties accessed the during the period. Occupancy rate Let area as a percentage of lettable area. Surplus ratio Net operating income for the period as a percentage of rental income for the period. The key ratio is a measurement of effectivity comparable over time. ===== SIDA 28 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 28 Risks and uncertainties NP3 works actively to identify and minimize the material risks that may affect the company’s financial position and perfor- mance. The key risks for the company are described below as well as on pages 74–78 in the company’s annual report for 2024. Property-related risks NP3 continuously works to minimize its property-related risks. The company has strong diversification in terms of both property categories and industry exposure. Rental income is distributed across a large number of lease agreements, with major tenants accounting for only a small share of the total rental value. There is a risk that the valuation of investment properties may be influenced by management’s assessments and assumptions. To minimize this risk, the company con- ducts market valuations of its properties on a quarterly basis. According to NP3’s valuation policy, at least 90 percent of the total property portfolio is externally valued during the second and fourth quarters, while the remaining properties are valued internally. Financial risks Costs related to funding are the single largest cost item for NP3. As part of limiting interest rate risk and increasing pre- dictability in the profit from property management, NP3 uses interest rate hedgeing. The company also continuously works to ensure NP3’s financial stability and to maintain strong rela- tionships with banks, the capital market, and other stakehold- ers in order to reduce financial risks. Environmental risks Climate change may increase the risk of property damage and can affect the properties or their operations. Additionally, environmental risks associated with soil contamination are considered a risk that could negatively impact the company. Environmental policy decisions may also negatively affect the company. NP3 has strong procedures in place to counter and prevent environmental risks. All investments and acquisitions are reviewed from a climate perspective. Furthermore, the company has thorough knowledge of which properties are or have been subject to environmentally regulated activities. Risk of conflicts of interest Conflicts of interest may arise if board members, individuals in strategic and operational management, or other employees of the company take on certain board assignments, invest in companies where NP3 has invested, invest in companies that compete with NP3, pledge their shareholdings in NP3, or buy or sell shares in NP3. To manage and prevent such conflicts of interest, the company has well-developed procedures, guide - lines, and policies. Other risks The uncertain and volatile market environment, combined with wars and conflicts in the world, affects the global economy — and, consequently, Sweden and NP3 as a company. NP3 is monitoring the continued development and continuously evaluating how the company's operations are affected. Other information Accounting policies and judgements This interim report for the group has been prepared in accord- ance with IAS 34 Interim Financial Reporting and applicable parts of the Swedish Annual Accounts Act. Other disclosures in accordance with IAS 34 16A are provided elsewhere than in the notes in the interim report. The group and parent company apply the same accounting principles and valuation methods as in the annual report for 2024. Other amended and new IFRS reporting standards having become effective during the year have not had a material impact on the group's accounting and financial reports. The parent company’s reports have been prepared in accord- ance with the Swedish Annual Accounts Act (ÅRL) and by applying the Swedish Corporate Reporting Board’s recom - mendation RFR 2, Accounting for Legal Entities. Staff and organisation The company has eight business areas: Sundsvall, Gävle, Da- larna, Östersund, Umeå, Skellefteå, Luleå and Middle Sweden. The head office is located in Sundsvall, where most of the company's employees are based. In addition, there are employ- ees in all the company’s eight business areas. At the end of the period the number of staff totalled 71. ===== SIDA 29 ===== NP3 Fastigheter AB (publ) Interim report - Q2 2025 29 Nils Styf Chairman of the board Anders Palmgren Member of the Board of Directors Hans-Olov Blom Member of the Board of Directors Mia Bäckvall Juhlin Member of the Board of Directors Åsa Bergström Member of the Board of Directors Andreas Wahlén CEO The interim report has not been subject to review by the company's auditors. The Board of Directors and the CEO certify that the report provides a true and fair view of the parent company's and the group's operations, financial position and performance, and describes the significant risks and uncertainties faced by the parent company and the companies included in the group. Sundsvall, 11 July 2025 Business idea With our tenants in focus, to acquire, own and manage high-yielding commercial properties, primarily in northern Sweden. Financial targets NP3’s objective is that the growth in profit from property management per common share shall amount to at least 12 percent per year over a five-year period. Return on equity before tax shall amount to at least 15 percent over a five-year period. The interest coverage ratio must be at least two times and the loan-to-value ratio must not exceed 60 percent. Vision Leveraging good business acumen and satisfied tenants, investors and stakeholders, to create Sweden’s long-term most profitable real estate company. Management Andreas Wahlén, CEO Tel: +46 60 777 03 01 andreas@np3fastigheter.se Håkan Wallin, CFO Tel: +46 60 777 03 07 hakan.wallin@np3fastigheter.se Mattias Lyxell, COO Tel: +46 60 777 03 17 mattias.lyxell@np3fastigheter.se Board of Directors Chairman of the board Nils Styf Tel: +46 73 350 60 39 Members of the Board of Directors Anders Palmgren Hans-Olov Blom Mia Bäckvall Juhlin Åsa Bergström Press releases in the second quarter 3/4 Notice of Annual general meeting 4/4 NP3 acquires properties for MSEK 219 9/4 NP3 divests properties for MSEK 463 11/4 Publication of the annual report 16/4 NP3 acquires properties for MSEK 216 7/5 Interim report January - March 7/5 Resolutions made at NP3 Fastigheter's Annual general meeting on 7 May 15/5 NP3 examines the conditions for implementing a targeted new issue of approximately 12 million preference shares 15/5 NP3 carries out a targeted new issue of 13.7 million preference shares and will receive funds of approximately MSEK 394 30/5 Change in the number of shares and votes in NP3 Fastigheter 26/6 NP3 acquires properties for MSEK 227 30/6 Change in the number of shares and votes in NP3 Fastigheter All press releases are available on the company's website: www.np3fastigheter.se Calendar Interim reports Q3 January - September 2025: 17 October 2025 Year-end report 2025: 6 February 2026 Q1 January - March 2026: 24 April 2026 Q2 January - June 2026: 10 July 2026 Q3 January - September 2026: 16 October 2026 Year-end report 2026: 5 February 2027 Record days for dividend on preference shares 31 July 2025 31 October 2025 31 January 2026 30 April 2026 Record days for dividend on common shares 31 July 2025 31 October 2025 31 January 2026 ===== SIDA 30 ===== www.np3fastigheter.seThe property on the cover: Frakten 1 in Umeå Head office NP3 Fastigheter AB (publ) Corp. ID no. 556749-1963 info@np3fastigheter.se Telephone switchboard +46 60 777 03 00 Gärdevägen 5A, 856 50 Sundsvall Postal address Box 12, 851 02 Sundsvall Branch offices Falun Främbyvägen 6, 791 52 Falun Gävle Snäppvägen 18, 803 09 Gävle Karlstad Tynäsgatan 10. 652 16 Karlstad Luleå Ödlegatan 1B, 973 34 Luleå Piteå Kunskapsallén 14, 941 63 Piteå Skellefteå Gymnasievägen 14, 931 57 Skellefteå Sollefteå Hågesta 7, 881 41 Sollefteå Stockholm Birger Jarlsgatan 34, 114 29 Stockholm Umeå Björnvägen 15E, 906 40 Umeå Västerås Ånghammargatan 6-8, 721 33 Västerås Örnsköldsvik Örnsköldsvik 41A, 891 41 Örnsköldsvik Östersund Infanterigatan 21, 831 32 Östersund