===== SIDA 1 ===== Q3 -2025 Interim report January-September ===== 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 third quarter • At the end of September, under the existing MTN programme, the company issued senior unsecured green bonds of 400 MSEK with a tenor of 3.25 years and a variable interest rate of Stibor 3M + 215 basis points. In connection with the bond issue, the company nominally repurchased MSEK 299 of bonds with maturity in April 2026. • In September, the company divested its entire remaining shares in Fastighetsbolaget Emilshus AB for MSEK 124. Prior to the divestment, NP3 owned 2.4 million Class A shares and 0.1 million Class B shares in Emilshus. • During the quarter, NP3 divested five properties through four transactions at an underlying property value of MSEK 474. The properties have a lettable area of 27,600 square meters and an annual rental value of MSEK 44. Of the rental value, 60 percent pertained to a retail property in Kiruna. • Through eight transactions, agreements have been signed to acquire 37 prop- erties at an underlying property value of MSEK 692, before a market-based deduction for deferred tax of MSEK 24. The properties have a lettable area of 52,100 square meters and an annual rental value of MSEK 66. Of the acquired properties, 34 properties were accessed during the quarter at an underly - ing property value of MSEK 612 and an annual rental value of MSEK 59. The remaining properties will be accessed during the fourth quarter. • In addition to the above, one property was accessed for which an agreement was signed during the second quarter, at an underlying property value of MSEK 25 before a market-based deduction for deferred tax of MSEK 2. The property has a lettable area of 2,000 square meters and an annual rental value of MSEK 2. Events after the end of the period • NP3 has prematurely redeemed the remaining outstanding bonds of MSEK 153 maturing in April 2026. The bonds were early redeemed on October 13 at a price of 100 percent of the nominal amount. • After the end of the period and until the publication of this interim report, the company has entered into agreements to acquire two properties at an under- lying property value of MSEK 50. One property will be accessed during the fourth quarter of 2025 and the other will be accessed during the first quarter 2026. The properties have a lettable area of 4,400 square meters and an annual rental value of MSEK 2. 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 1,100. The previously provided forecast was MSEK 1,090 and was communicated in the company's interim report for January-June 2025.Roundings in the report can result in columns and rows not adding up. This Interim report is an in-house translation. In the event of discre- pancies, the Swedish original will supersede the translation. NP3's Annual General Meeting will be held in Sundsvall on 6 May 2026 and not on 5 May 2026 as previously announced. Profit from property management per common share SEK 12.37 Rental income was MSEK 1,686 +15 % 2 Acquisitions accessed Net operating income amounted to MSEK 1,293 MSEK 1,239 +17 % +25 % ===== SIDA 3 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 3 Key ratios 2025 Jan-Sep 2024 Jan-Sep 2025 Jul-Sep 2024 Jul-Sep 2024 Jan-Dec Result, MSEK Rental income 1,686 1,469 572 491 1,992 Net operating income 1,293 1,105 467 404 1,503 Surplus ratio, % 77 75 82 82 75 Profit from property management 832 629 316 253 879 Changes in value of properties 258 202 37 45 323 Net profit 816 549 339 110 914 Market value properties 24,863 21,127 24,863 21,127 23,384 Yield , % 7.2 7.1 7.2 7.1 7.1 Properties accessed 1,239 189 615 - 2,087 Result, SEK/common share Profit after tax 12.04 8.49 5.05 1.54 14.17 Profit from property management 12.37 9.88 4.68 4.00 13.57 Long-term net asset value 163.85 149.71 163.85 149.71 154.64 January - September • Rental income increased by 15% to MSEK 1,686 (1,469). • Net operating income increased by 17% to MSEK 1,293 (1,105). • Profit from property management increased by 32% to MSEK 832 (629). Profit from property management per common share increased by 25% to SEK 12.37 (9.88). • Changes in the value of properties totalled MSEK 258 (202). • Net profit after tax totalled MSEK 816 (549), equivalent to SEK 12.04/common share (8.49). • Net investments for the period amounted to MSEK 1,323 (718), of which MSEK 1,239 (189) related to acqui- sitions of properties, MSEK 528 (492) to investments in existing properties and new construction, MSEK 1 (70) to investments in associated companies and joint ventures, and MSEK -546 (-33) to divested proper- ties, MSEK 100 related to the acquisition of a minority shares in a subsidiary. July - September • Rental income increased by 17% to MSEK 572 (491). • Net operating income increased by 16% to MSEK 467 (404). • Profit from property management increased by 25% to MSEK 316 (253). Profit from property management per common share increased by 17% to SEK 4.68 (4.00). • Changes in the value of properties totalled MSEK 37 (45). • Net profit after tax totalled MSEK 339 (110), equivalent to SEK 5.05/common share (1.54). • Net investments for the period amounted to MSEK 361 (265), of which MSEK 615 (-) related to acquisitions of properties, MSEK 216 (210) to investments in existing properties and new construction, MSEK 0 (56) to in- vestments in associated companies and joint ventures, and MSEK -470 (-) to divested properties. Interim report January - September 2025 ===== SIDA 4 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 4 Financial targets and dividend targets Below are the company's financial targets and results, rolling twelve months third 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 ordi- nary and preference shares. The key ratio shows the company’s overall growth target. Profit from property management per common share, rolling twelve months, increased by 29 percent compared to the corresponding period last year. Average growth over the five-year period was 13 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, rolling twelve months, amounted to 16 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 cov - erage ratio is a measurement that indicates how many times the company manages to pay its inter- est with the profit from the operating activities. The interest coverage ratio as of 30 September was 2.8 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 September, 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 manage - ment 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 Annual general meeting in May, the meeting re- solved 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 432 2). 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% 3.2% 2.2% 2.2% 2.8% % 70 60 50 40 30 20 10 0 Max 60% 54% 57% 55% 49% 51% Profit from property management per common share, SEK Average annual growth, 5 years, % T arget 12% Q3 -21 Q3 -22 Q3 -23 Q3 -24 Q3 -25 Q3 -21 Q3 -22 Q3 -23 Q3 -24 Q3 -25 Q3 -21 Q3 -22 Q3 -23 Q3 -24 Q3 -25 Q3 -21 Q3 -22 Q3 -23 Q3 -24 Q3 -25 SEK 18 16 14 12 10 8 6 4 2 0 % 20 16 12 8 4 0 25 20 15 10 5 0 % 15% 12% 10% 11% 14% 2020 2021 2022 2023 2024 2) 0 2 4 6 8 10 12 14 16 18 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Q3-21 Q3-22 Q3-23 Q3-24 Q3-25 Tillväxt Serie1 Serie2 0 10 20 30 40 50 Q3-21 Q3-22 Q3-23 Q3-24 Q3-25 Avkastning på eget kapital Serie1 Serie2 ===== SIDA 5 ===== NP3 Fastigheter AB (publ) Interim report - Q3 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 316 (253) and for the inter- im period to MSEK 832 (629), an increase of 25 and 32 percent, respectively, compared with the previous year. The increase is attributed to a higher operating surplus from our property portfolio, one-off lease related compensations as well as a lower average interest rate. Profit from property management per common share for the interim period amounted to SEK 12.37 (9.88), an increase of 25 percent. For the quarter, profit from property management per common share increased by 17 percent to SEK 4.68 (4.00). NP3 stands for stability — even in turbulent times The latest quarter confirms that our focus on long-term strengthening the profit from property management at a reduced risk is not just a target — in my view we are achieving the desired result in practice as well. Our forecast for profit from property management for the full year 2025 is MSEK 1,100, to be compared with the forecast of MSEK 1,090 from the previous quarter. Rental income, which includes MSEK 36 in lease compensation from tenants vacating early, increased in the interim period by 15 percent and in the comparable portfolio the increase amounted to 2 percent. The occupancy rate was 92 percent, which is on par with recent years. If we go back to 2018 and compare up until today, the occupancy rate in all 31 quarters has been between 92 and 94 percent. In other words, despite the impact on the occupancy rate from acquisitions as well as from tenants moving in and out, it has never varied more than 2 percentage points in all 31 quarters. This, despite the fact that during the same period we have experienced a pandemic, supply disruptions, outbreaks of war, “inflationary shock”, rapidly increasing interest rates and a recession. In our investment area you can also add the noticeable turnarounds when it comes to the green transition process, which was at first praised and then questioned. Despite the concerns that have been and still linger, and despite the natural fluctuations that occur in the economy, NP3 has had a stable occupancy rate, Although, of course, it may move slightly up or down, I expect the same stable development in the coming years, as we continue to see good demand in our business areas. Net letting for the quarter amounted to MSEK 17 and for the interim period to MSEK 30. The development volume on the reporting date amounted to MSEK 1 028 of which 517 MSEK relates to new construction. New construction primarily relates to truck service workshops or other types of businesses where the need has changed to a large extent in the last 25 years, as there are very few efficient existing premises. Other new construction largely takes place where we follow a prioritised existing customer to a new location. Following our prioritised customers is essential to continuing to grow together across all our geographic areas. For the coming quarters, we are likely to see a continued increase in the development portfolio in the form of energy projects, as well as conversions and new construction. Production prices continue to decline somewhat and I assess the willingness to pay as still good in our locations. Business and the economy NP3's ambition, no matter what, is to do everything a little better, all the time. Looking back at the change we have made in our retail portfolio, NP3 has divested primarily business-to- consumer locations in Kiruna and acquired grocery locations in Gävleborg and Dalarna. The retail segment still accounts for 22 percent of our property value, but within the retail category business-to-consumer has declined in favour of the grocery segment, while the average rent in the retail segment now is lower. But the big difference for NP3 is that as a result of the completed divestment and completed acquisitions, we are getting significantly closer to our assets geographically. We strive to be close to our markets in order to be able to make good risk-adjusted investments. Given the low square metre prices in the acquisition, this gives us the opportunity to achieve a return on any additional future add-on investments. Future In general, I currently see no signs of any significant changes regarding any of the fundamental factors relevant to our business. This also applies to the valuation yields in our markets. The payment capacity remains in line with historical figures in terms of the proportion of due rents. We will continue to head in the direction we have set out; to boost our profit from property management per common share while maintaining or reducing operational and financial risks. We will continue to focus on our cash flow in the long term and not base our operations on short-term profits. Experience shows, as I said, that with this attitude we achieve the desired results not only in theory but also in practice. Finally, as always, I would like to take this opportunity to extend a big thank you to NP3's employees, shareholders and other stakeholders for your commitment, it means a lot to NP3's development. Andreas Wahlén ===== SIDA 6 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 6 Consolidated statement of comprehensive income Summary report, MSEK 2025 Jul-Sep 2024 Jul-Sep 2025 Jan-Sep 2024 Jan-Sep 2024 Jan-Dec Rolling 12 months Rental income 572 491 1,686 1,469 1,992 2,210 Property costs -91 -74 -351 -328 -440 -464 Property tax -14 -12 -42 -36 -48 -54 Net operating income 467 404 1,293 1,105 1,503 1,691 Central administration -18 -15 -63 -53 -78 -88 Result from associated companies and joint ventures 14 8 38 9 13 42 - of which profit from property management 12 9 32 25 37 45 - of which changes in value of properties 6 2 17 -4 -10 11 - of which tax -4 -3 -11 -12 -14 -14 Financial income 2 3 7 8 15 14 Financial expenses -147 -148 -438 -456 -599 -581 Profit/loss after financial items 318 252 837 613 854 1,079 - of which profit from property management 316 253 832 629 879 1,081 Changes in value of properties 37 45 258 202 323 378 Changes in value of financial instruments 70 -158 -66 -126 13 73 Profit before tax 425 139 1,028 689 1,191 1,530 Current tax -24 -20 -64 -50 -75 -89 Deferred tax -62 -9 -148 -90 -202 -260 Net profit 339 110 816 549 914 1,181 Other comprehensive income - - - - - - Comprehensive income for the period 339 110 816 549 914 1,181 Comprehensive income relating to the parent company’s shareholders 339 109 812 548 914 1,177 Comprehensive income relating to non-controlling interest 0 1 4 1 0 3 Earnings per common share, SEK 5.05 1.54 12.04 8.49 14.17 17.67 Number of common shares at the end of the period, thousands 61,581 61,562 61,581 61,562 61,562 61,581 Weighted average number of common shares, thousands 61,581 58,562 61,570 57,923 59,136 61,570 Rental income, MSEK Profit from property management, MSEK * Rolling twelve months 2,500 2,000 1,500 1,000 500 0 2021 2022 2023 2024 2025 Q3* 2021 2022 2023 2024 2025 Q3* 2021 2022 2023 2024 2025 Q3* 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 - Q3 2025 7 Income, expenses and result January - September Earnings The profit from property management increased by 32 percent compared to the previous year and amounted to MSEK 832 (629). The increase in profit from property management is explained by acquisitions, higher rental income, completed projects and lower financing costs. Profit from property man - agement amounted to SEK 12.37 (9.88) per common share. The net operating income for the period amounted to MSEK 1,293 (1,105), which corresponds to a surplus ratio of 77 percent (75). Changes in the value of properties amounted to MSEK 258 (202), of which MSEK 238 (202) related to unrealised changes in value and MSEK 19 (1) related to realised changes in value. Changes in the value of financial instruments amounted to MSEK -66 (-126). Net profit after tax relating to the parent company’s shareholders amounted to MSEK 812 (548), which was equivalent to SEK 12.04 per common share (8.49). Income and expenses Rental income increased by 15 percent to MSEK 1,686 (1,469). Revenue increased as a result of property acquisitions, index- ation, lettings and completed projects. Of the increase, MSEK 36 was non-recurring income related to early vacating. In the existing property portfolio, revenue increased by 2 percent. Revenue consisted of rental income of MSEK 1,549 (1,340) and service revenue of MSEK 138 (128). 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 -351 (-328). The costs were distributed between property upkeep and operating expenses MSEK -302 (-290), repairs and mainte- nance MSEK -37 (-29) as well as anticipated and confirmed customer losses of MSEK -12 (-9). Property tax amounted to MSEK -42 (-36). Central administration costs amounted to MSEK -63 (-53) 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 32 (25). The total share in profits for the period amounted to MSEK 38 (9). For more information on the company's investments in associated companies and joint ventures, see page 15. Financial income amounted to MSEK 7 (8). Financial expenses decreased to MSEK -438 (-456), mainly due to a lower average interest rate. Apart from interest expenses, financial expenses also included MSEK -24 (-18) 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 -64 (-50) 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 -148 (-90) and consisted mainly of changes in differences between market value and tax base on properties and changes in market value of financial instruments. July - September Profit from property management for the third quarter amount- ed to MSEK 316 (253). The operating surplus amounted to MSEK 467 (404), corresponding to a surplus ratio of 82 percent (82) and was positively impacted by non-recurring income of MSEK 19 related to early vacating. Rental income was MSEK 572 (491). Revenue consisted of rental income of MSEK 526 (452) and service revenue of MSEK 46 (38). Property costs amounted to MSEK -91 (-74), property tax MSEK -14 (-12) and central administration MSEK -18 (-15). NP3's share of asso- ciated companies' profit from property management totalled MSEK 12 (9) for the quarter and the total share in profits was MSEK 14 (8). Financial expenses decreased to MSEK -147 (-148) as a result of a lower average interest rate during the quarter. Profit before tax amounted to MSEK 425 (139) and was affected by unreal- ised changes in value of properties of MSEK 18 (45), realised changes in value of properties of MSEK 19 (0) and changes in the value of financial instruments amounting to MSEK 70 (-158). Of these, MSEK 15 (-) was realised. Current tax affected profit for the quarter with MSEK -24 (-20) and deferred tax with MSEK -62 (-9). 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 - Q3 2025 8 Current earnings capacity Definition of earnings capacity Current earnings capacity is not a forecast but to be regard- ed only as a snapshot, the aim of which is to present revenue and costs on an annual basis given the property portfolio, in - terest expenses and organisation at a particular point in time. Earning capacity is based on the coming 12-month period, on the basis of the property portfolio the company owned as of 30 September 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 manage- ment. • Financial income and expenses have been calculated based on the company's closing average interest rate level and credit portfolio as of 30 September 2025, and have not been adjusted for effects relating to the accrual of borrow- ing costs amounting to MSEK 23. Comment on earning capacity Compared to the current rental value of MSEK 2,444, the future-oriented adjusted rental value amounted to MSEK 2,430. The major adjustment item was primarily discounts of MSEK -13. Since the beginning of the year, the company’s net operating income in the earning capacity has increased by 5 percent to MSEK 1,677. The yield in the earning capacity was 6.7 percent (6.9) in relation to the properties’ market value of MSEK 24,863. Profit from property management and profit from property management per common share in the earning capacity increased by 7 percent and 4 percent, respectively, compared to the beginning of the year. Acquisitions and divestments Agreed acquisitions as of September 30 relate to four prop- erties with an annual rental value of MSEK 14 and are expect- ed to contribute with profit from property management of MSEK 7. There were no contracted divestment not vacated as of 30 September. 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 Oct 2025 1 Jan 2025 1 Oct 2024 9 months Adjusted rental value 2,430 2,314 2,095 Vacancy 193 -172 -156 Rental income 2,237 2,142 1,938 4% Property costs -508 -490 -436 Property tax -52 -50 -47 Net operating income 1,677 1,602 1,456 5% Central administration -82 -71 -71 Net financial income 555 -557 -531 Profit from property management from associated companies and joint ventures 42 41 44 Profit from property management 1,082 1,016 899 7% Profit from property management after preference share dividend 970 931 823 4% Profit from property manage - ment, SEK/common share 15.76 15.12 13.36 4% Change ===== SIDA 9 ===== NP3 Fastigheter AB (publ) Interim report - Q3 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 sus- tainability and long-term economic results go hand-in-hand. As a player with a long-term approach in managing and developing prop- erties, 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 to always do everything a little bit better. From the company's perspective, pleasant and safe workplaces are just as important for NP3's ten- ants 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 re - port 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. 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 three quarters of 2025, the green property portfolio has increased from a property value of MSEK 5,862 to MSEK 6,936, refer to the table on the right. This corresponds to an increase of 18 percent. The assets in the company's green portfolio serve as the foundation for green bond issuance 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 Vivstamon 1:54, Timrå The project includes conversion to LED lighting and installation of pressure control of ventilation and heating. Estimated energy savings: 35 % Investment cost: approx. SEK 400,000 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 NP3 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. During the first three quarters of 2025, 13 buildings have received an improved energy class after implementing measures, where all buildings have been im- proved from the previous energy class E, F or G. During the period, three properties have improved one energy class, seven properties have improved two energy classes, two properties have improved three energy classes and one property have improved four energy classes. The weighted average primary energy number has improved from 157 to 72. *With base year 2022. Targets are validated by SBTi. 2022 2023 2024 2025 Q3 2025 Target 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 - Q3 2025 10 Property portfolio At the end of the period, the company owned 605 (554) properties with a total lettable area of 2,281,000 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 the rental value and 18 percent (19) of the market value are concentrated. The market value of the properties on the balance sheet date totalled MSEK 24,863 (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 per - cent (21) of the rental value including the two subcategories B2C and B2B. B2C includes properties leased to, for example, discount chains such as DollarStore, ÖoB and Rusta. B2B in- cludes large tenants such as Mekonomen, Ahlsell and Swedol. Risk diversification NP3 works continuously to diversify risks through diversifica - tion of both the property category and the tenants' sector affil - iation. 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 in- come 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 12 percent (11) of rental income; state and mu- nicipality 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 2,5 percent (1) of total rental value and to 5 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 2,760 rental agreements (2,700). The average remaining lease term for all rental agree- ments was 3.9 years (4.0). The ten largest tenants in relation to rental value were distributed across 142 rental agreements with an average remaining lease term of 4.5 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 expo- sure to individual tenants is limited. The largest rental agree- ment makes up 0.7 percent of the rental value. At the end of the period the rental value amounted to MSEK 2,444 (2,326) and the contracted annual rent was MSEK 2,251 (2,154). This corresponded to an financial occupancy rate of 92 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) 53 (59) Business-to-business (B2B) 23 (24) Grocery stores 13 (5) Vehicle dealerships, workshops and inspection facilities 11 (12) Manufacturing and light industry 16 (15) State and municipality 12 (11) Construction and production 11 (10) Industrial and construction supplies 10 (11) Vehicles and workshops 10 (10) Consumer discretionary goods 9 (10) Real estate and finance 8 (9) Groceries and leisure 8 (9) Grocery stores 5 (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 50 (49) Retail 22 (22) Offices 8 (9) Logistics 8 (8) Other 12 (12) Sundsvall 18 (19) Östersund 14 (14) Gävle 13 (12) Dalarna 13 (13) Luleå 11 (12) Skellefteå 11 (11) Umeå 11 (10) Middle Sweden 9 (9) Sundsvall 19 (19) Dalarna 14 (14) Östersund 13 (13) Gävle 13 (12) Luleå 11 (12) Umeå 11 (10) Skellefteå 10 (11) Middle Sweden 9 (9) ===== SIDA 11 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 11 Properties NP3's largest tenants by rental value As of 30 Sep 2025 Number of rental agreements The Swedish Fortifications Agency 44 Coop Mitt AB 21 Swedish Police Authority 21 Postnord Sverige AB 9 Ahlberg-Dollarstore AB 7 Assemblin El AB 10 Dagab Inköp & Logistik AB (Axfood) 4 Granngården AB 13 Swedol AB 9 Plantagen Sverige AB 4 Total 142 Total rental value of the ten largest tenants MSEK 294 Average remaining lease term for the ten largest tenants 4.5 years Average remaining lease term for the total contract portfolio 3.9 years Vacating year terminated rental agreements Number Rental value, MSEK 2025 77 54 2026 73 52 2027- 32 15 Total 182 120 Value of vacancies per business area as of 30 Sep 2025 Business area Rental value, MSEK Value of vacancies, MSEK Financial vacancy rate, % Sundsvall 455 47 10 Dalarna 337 27 8 Gävle 319 32 10 Östersund 315 14 4 Luleå 281 13 5 Umeå 266 16 6 Skellefteå 255 22 8 Middle Sweden 216 23 10 Total 2,444 193 8 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 22 and in vacancies in acquired properties of MSEK 5. The value of vacancies de - creased by MSEK 6 as a result of the divestment of properties. The financial occupancy rate amounted to 92 percent (93). As of 30 September, there were signed rental agreements, not yet occupied, with a rental value of MSEK 123. The rental value for terminated rental agreements not yet vacated amounted to MSEK 120, of which MSEK 54 take place during 2025. Net letting, MSEK 2025 Jan-Sep 2024 Jan-Sep 2024 Jan-Dec Signed rental agreements 201 143 195 Terminated rental agreements incl. bankruptcies -172 -115 -164 Net 30 28 30 Change in the value of vacancies, MSEK 2025 Jan-Sep 2024 Jan-Sep 2024 whole year Opening value of vacancies 1 Jan 172 137 137 Net change in moving in/out 22 17 26 Value of vacancies, acquired properties 5 3 9 Value of vacancies, divested properties -6 - 0 Closing value of vacancies 193 156 172 Occupancy rate, % 92 93 93 Net letting The value of signed rental agreements for the period amounted to MSEK 201 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 -172. The amount includes all agreements that were terminated for vacating premises during the period, those agreements that were terminated as a result of bankrupt- cies 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 30 (28), of which MSEK 7 related to renegotiations. Net letting for the third quarter amounted to MSEK 17 (14). Maturity structure rental agreements Rental value future changes to agreements, MSEK 2025 Jan-Sep 2024 Jan-Sep 2024 whole year Terminated agreements not vacated 120 67 55 -of which acquired - - - New rentals, not moved into -123 -60 -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 - Q3 2025 12 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 proper- ties are valued internally. During the third quarter of 2025, 15 percent of the property portfolio was externally valued and 85 percent of the property portfolio's valuations were updated with – by external valuers – adjusted inflation assumptions and value date. The remaining 1 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 mainte- nance cost and investment needs, on the basis of an assess- ment 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 val- uation 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 24,863. The change in value during the period amounted to MSEK 258, of which MSEK 19 related to realised changes in value and MSEK 238 to unreal- ised changes in value. Of the realised changes in value, MSEK 21 related to four divested properties vacated during the third quarter whose unrealised change in value in relation to the agreed underlying property value in the second quarter has been reclassified as realised change in value during the third quarter. Of the unrealised changes in value of MSEK 238 in total, MSEK 276 related to cash flow-related changes, while assumptions regarding changes to valuation yields affected the valuations with MSEK -38. The valuation yield used in valuation on the balance sheet date varied from 5.50 to 9.03 percent and the inflation assumption was 1.0 percent in 2025 and 2,0 percent in subsequent years. At the previous quarter's external valuation, the inflation assumption for 2025 was 1.5 percent. The weighted valuation yield amounted to 7.10 percent (7.10) and the weighted discount rate was 9.13 percent (9.13). Change in the property portfolio During the period, NP3 accessed 62 properties for MSEK 1,239. In addition, MSEK 528 were invested in existing prop - erties and new construction. Of these, MSEK 409 consisted of investments in existing properties in form of modifications to tenants’ requirements and extension projects, and MSEK 120 of investments in new construction projects. During the period, three properties were divested of and sale completed for MSEK 576. The market value of the properties per square metre increased from the beginning of the year from SEK 10,624 to SEK 10,900 at the end of the period. Properties Comparisons within brackets relate to the beginning of the year. Breakdown of the property portfolio as of 30 Sep 2025 Business area Number of properties Area tsqm Rental value, MSEK Property value, MSEK Sundsvall 137 431 455 4,550 Dalarna 79 373 337 3,221 Gävle 92 310 319 3,347 Östersund 64 259 315 3,553 Luleå 58 231 281 2,737 Umeå 56 237 266 2,626 Skellefteå 54 244 255 2,617 Middle Sweden 65 195 216 2,212 Total 605 2,281 2,444 24,863 Sensitivity analysis Change +/- Impact on earnings before tax, MSEK Market value properties 5% +/-1,243 Valuation yield 0.25% -888/+957 Rental income 80 SEK/sqm +/-182 Property costs 20 SEK/sqm -/+46 Vacancy rate 1% -/+24 Properties, change in value MSEK 2025 Jan-Sep 2024 Jan-Sep 2024 whole year Opening value 23,384 20,276 20,276 Acquisitions of properties 1,239 189 2,087 Investments in existing properties 409 406 569 Investments in new construction 120 86 162 Divestments of properties -546 -33 -33 Realised changes in value 19 1 1 Unrealised changes in value 238 201 322 Closing value 24,863 21,127 23,384 Acquired properties to be accessed 139 65 65 Divested properties, sale to be completed - - -76 ===== SIDA 13 ===== NP3 Fastigheter AB (publ) Interim report - Q3 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 Härdsmidet 1 Västerås Industrial Q4-25 16 1,610 Kungsgården 5:3 Östersund Industrial Q4-25 13 620 Lokomotivet 2 Östersund Industrial Q4-25 10 2,600 Skogvaktaren 3 Östersund Industrial Q1 -26 155 4,780 Vivstamon 1:53 Sundsvall Industrial Q1 -26 18 6,650 Kedjan 6 Umeå Retail Q1 -26 13 1,360 Sköns Prästbord 1:100 Sundsvall Industrial Q2 -26 50 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 Offices Q4 -26 110 4,100 Brösta 14:40 Örnsköldsvik Industrial Q4 -26 29 1,300 Tönnebro 1:5 Söderhamn Other Q4 -26 17 2,670 Städet 2 Karlstad Industrial Q4 -26 10 5,770 Högland 7:15 Örnsköldsvik Retail Q3 -27 134 6,170 Tuna 3:18 Gävle Industrial Q4 -27 153 10,000 Ingarvsbacken 1 Falun Industrial Q4 -27 28 1,530 Total 804 55,460 Additional annual rental value for the above projects amounts to MSEK 67. • Härdsmidet 1, conversion of industrial premises. • Kungsgården 5:3, conversion of industrial premises. • Lokomotivet 2, conversion of industrial premises. • Skogvaktaren 3, new construction of heavy vehicles workshop. • Vivstamon 1:53, conversion of industrial premises. • Kedjan 6, conversion of car dealership. • Sköns Prästbord 1:100, new construction of heavy vehicles 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. • Städet 2, conversion of industrial premises. • Högland 7:15, new construction of car dealership. • Tuna 3:18, new construction of industrial premises. • Ingarvsbacken 1, extension 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 profitability 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 awaiting signed rental agreements before commencing construction. Project activity gradually increased last year in response to decreasing construction costs and increased demand for new construction, major modifications to tenants' requirements and extension projects. At the end of the period, NP3 had ongoing projects with a total project budget of MSEK 1,028 (746). The remaining investment totalled MSEK 625 (353). Examples of larger projects Skogvaktaren 3, Östersund New construction of a heavy vehicles workshop for Berners Tunga Fordon AB with a strong focus on the environment and sustainable construction. Project budget: MSEK 155 Lease duration: 20 years Rentable area: 4 780 sqm Completion time: Q1 2026 ===== SIDA 14 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 1414 Transactions During the third quarter, the company accessed 35 properties through seven transactions for a total investment of MSEK 615. The properties are located in Bollnäs, Borlänge, Falun, Gävle, Hofors, Hudiksvall, Luleå, Nordanstig, Ovanåker, Sandviken, Söderhamn, Tierp, Timrå, Umeå, Älvdalen, Älvkarleby and Örn- sköldsvik and have a lettable area of 49,200 square meters and an annual rental value of MSEK 61. In addition, during the second and third quarter, the company entered into agreements to acquire four properties at an underlying property value of MSEK 139 to be accessed during the fourth quarter. The properties have a lettable area of 12,400 square me - tres and an annual rental value of MSEK 14. The acqui- sition of the property in Ljusdal is subject to approval from The Inspection of Strategic Products. During the third quarter, the company divested five properties and part of a property for MSEK 470. The properties are located in Kiruna, Sundsvall, Gävle, Nyköping and Nordanstig and have a lettable area of 27,600 square meters and an annual rental value of MSEK 44. Properties accessed during Q3 Milröken 2 Sandviken Retail 6,237 6.4 100 Skotet 2 & 6 Luleå Industrial 5,284 4.6 93 Furulund 5:6 Hudiksvall Retail 3,460 5.9 100 Gruvbron 2 Falun Retail 3,085 6.9 100 Hofors 36:1 & 6:81 Hofors Retail 2,911 3.9 100 Sörby Urfjäll 39:1 Gävle Retail 2,722 3.5 69 Siggeboda 17:22 Älvkarleby Retail 2,529 3.7 86 Sleven 2 Umeå Retail 2,020 2.2 100 Långtradaren 4 Borlänge Industrial 1,950 1.1 100 Älvdalens Kyrkby 59:1 Älvdalen Retail 1,929 2.4 97 Väster 4:19 Gävle Retail 1,585 2.9 100 Sörby 36:1 Gävle Retail 1,516 2.6 100 Brösta 1:101 & 1:108 Örnsköldsvik Industrial 1,471 1.6 100 Särnabyn 113:1 Älvdalen Retail 1,295 1.5 100 Norrsundet 15:2 Gävle Retail 1,210 1.1 92 Vivsta 13:81 Timrå Industrial 1,200 1.2 100 Kilafors 4:3 Bollnäs Retail 1,145 1.4 100 Rättvisan 7 & Storvik 12:54 Sandviken Retail 1,043 1.2 100 Ljusne 29:5 Söderhamn Retail 1,003 1.2 100 Idre 13:14, 13:19, 71:7 & 71:8 Älvdalen Retail 954 0.9 100 Nöttö 51:4 Tierp Retail 900 1.0 100 Södra Edsbyn 13:121 Ovanåker Retail 890 1.1 100 Nordanbro 2:77 & 2:30 Nordanstig Retail 768 0.7 100 Hagaström 80:15 Gävle Retail 764 1.0 100 Östanån 16:37 Älvkarleby Retail 755 0.9 100 Åsen 55:2 Sandviken Retail 555 0.5 100 Tuna 3:18 Sandviken Land 0 0.0 0 Total accessed in Q3 49,181 61.4 Total accessed in Q2 43,863 44.0 Total accessed in Q1 19,404 15.2 Total 112,448 120.6 Divested properties 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 Svärdet 5 Nyköping Industrial 600 0.7 100 Part of Plikthuggaren 1, 2, 6Sundsvall Land 0 0.0 0 Total Q3 27,588 44.0 Total Q2 - - Total Q1 10,751 8.2 Total 38,339 52.2 Acquired properties to be accessed in Q4 2025 Djuret 3 Luleå Offices 7,447 7.3 98 Tälle 11:20 Ljusdal Retail 4,267 6.5 96 Häcklinge 5:180 Gävle Industrial 692 0.5 0 Skogsmur 4:23 Gävle Land 0 0.0 0 Total 12,406 14.4 *On transaction day Properties Transactions Property Municipality Cate- gory Area, sqm Rental value, MSEK Occu- pancy rate*, % ===== SIDA 15 ===== NP3 Fastigheter AB (publ) Interim report - Q3 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 September, NP3's associated com - panies and joint ventures contributed MSEK 32 (25) to NP3's profit from property management, and the share in profit for the period was MSEK 38 (9). 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 consist- ing of warehouses and building materials stores. The lettable area amounts to 184,000 square meter. 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 77 (74) and the market value of the properties as of 30 September was MSEK 1,496 (1,484). For the period, Ess-Sierra contributed MSEK 18 (17) to NP3’s profit from property management and the total share in profits for the period amounted to MSEK 18 (16). Fastighets AB Jämtjägaren NP3 Fastigheter AB and Jämtkraft AB jointly own a property where Jämtkraft 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 included properties amounted to MSEK 26 and the market value of the properties amounted to MSEK 450 as of 30 September. As of 30 September, NP3’s proportion of equity amounted to MSEK 116 (94). For the pe- riod, Jämtjägaren contributed MSEK 7 (2) to NP3’s profit from property management and the share in profits amounted to MSEK 21 (2). 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 commercial purposes. The majority of the property port- folio is located in Sundsvall, Umeå and Timrå. As of 30 September, the market value of the properties amounted to MSEK 615 and the total rental value of the portfolio amounted to MSEK 45. As of 30 September, NP3's proportion of equity amounted to MSEK 91 (94) and for the period, With You Sweden contributed MSEK 6 to NP3's profit from property management and the share in profits amounted to MSEK -2 (2). Cibola Hospitality Group AB NP3 previously owned 68.2 percent of the shares in Cibola Hospitality Group AB, which is responsible for the operations conducted in three of the hotel facilities owned by NP3. The business has previously been reported as an asset held for sale. At the end of June, NP3 divested 11.3 percent of the shares, making Cibola Hospitality Group an associated company as NP3 owns 49.9 percent of the shares. As of 30 September, Cibola Hospitality Group contributed MSEK 1 to NP3's profit from property management and the share in profits amounted to MSEK 2. 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-Sep 2024 Jan-Sep 2024 Jan-Dec 2025 Jan-Sep 2024 Jan-Sep 2024 Jan-Dec NP3’s share capital, % 50 50 50 NP3's share of voting power, % 50 50 50 Proportion of equity 508 537 479 291 290 284 Profit from property management 32 25 37 18 17 24 Change in value of properties 17 -4 -10 6 6 5 Tax -11 -12 -14 -6 -6 -7 Total share in profits 38 9 13 18 16 22 ===== SIDA 16 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 16 Overall financing structure The company's funding consists of a combination of liabili- ties 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 September 2025 is presented below. Secured loans made up 78 percent (80) and unsecured bond loans, commercial paper loans and promissory note loans 22 percent (20) of total interest-bearing liabilities. The increase in the company's interest-bearing liabilities for the period amounted to approximately MSEK 900. The increase is mainly attributable to the funding of acquisitions and investments which was partly offset by loan repayments related to the divested retail portfolio completed in the beginning of the third quarter 2025. Loan-to-value ratio and loan maturity structure The loan-to-value ratio, calculated as net debt MSEK 12,972, in relation to the market value of properties of MSEK 24,863 and investments in associated companies of MSEK 508, totalling MSEK 25,371, amounted to 51.1 percent (51.8) as of 30 Sep - tember. 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 in- tended 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 unuti- lised credit facilities, amounted to MSEK 816 on 30 September. The debt-to-income ratio was 8.0 times (8.0). Interest-bearing liabilities maturing within twelve months amounted to MSEK 315 (1,684), consisting of bank loans of MSEK 83, bond loans of MSEK 153 and other liabilities of MSEK 79. The short-term bond loan refers to the remaining portion of the company's bond maturity in April 2026 following buy-backs in connection with an issue of a new bond loan of MSEK 400 maturing in December 2028 that was carried out in August. The short-term bond loan was repaid via early redemption in October. At the end of the period, the loan maturity profile amounted to 2.9 years (2.3) with maturities distributed as shown in the table below. During the first six months, the com- pany refinanced bank loans of approximately BSEK 6 with an average maturity of approximately 4 years, which explains the increase in the loan maturity period. Average interest rate and interest maturity structure Average interest rate for the company’s interest-bearing liabil- ities amounted to 4.12 percent (4.38). The decrease in interest rates is explained by a lower Stibor level and loan margins on the bank, commercial paper and bond loans, which was partly offset by higher interest rates for the company's interest rate derivatives related to increased interest rate hedging and changes in the company's interest rate derivatives 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 2.0 years (2.1), and 54 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 9,475. 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 hedg- ing ratio and average fixed interest period. These categories of interest rate derivatives either have a limitation on the upward protection of interest rates or are callable early by the counter- party and constitute a complement to the interest rate hedging portfolio in order to reduce the company's interest expenses in a volatile market. Funding Comparisons within brackets relate to the beginning of the year. Summary - net debt 2025 30 Sep 2024 31 Dec MSEK Bank loans 10,463 10,145 Secured interest-bearing liabilities 10,463 10,145 Bond loans 1,803 1,601 Commercial paper loans 1,075 875 Other interest-bearing liabilities 156 9 Unsecured interest-bearing liabilities 3,034 2,485 Accrued borrowing expenses -48 -43 Total interest-bearing liabilities 13,448 12,587 Cash and cash equivalents, incl. current investments 476 -246 Net debt 12,972 12,341 Loan maturity profile and fixed interest rate (bank, commercial paper and bond loans) as of 30 Sep 2025 Loan maturity profile Fixed interest rate Amount, MSEK Average interest rate, total debt portfolio, % 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 235 2 13,340 2,750 4.10 0.00 4.10 2.11 1-2 years 3,461 26 900 0.05 0.05 1.32 2-3 years 2,749 21 1,475 0.01 0.01 2.22 3-4 years 4,603 35 800 0.01 0.01 2.22 4-5 years 2,259 17 2,550 0.05 0.05 2.36 5-10 years 33 0.2 1,000 0.01 0.01 2.22 Total/average 13,340 100 13,340 9,475 4.10 0.02 4.12 2.14 1) Relates to the difference between the fixed interest rate and Stibor 3M (floating part) of the interest rate derivatives based on the maturity structure for the deriviatives' fixed interest part. ===== SIDA 17 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 17 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 dis- counting 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 ma- turity, 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 -63 (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 lev - els 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 -82. The average net interest rate for the company's derivative portfolio, including its Stibor effect, was 0.03 percent (-0.98) as of 30 September. The fixed income period of the interest hedging portfolio was 3.5 years which contributed to a fixed income period of 2.0 years for the entire loan portfolio at the end of the third quarter. Funding Comparisons within brackets relate to the beginning of the year. Listed bond loans as of 30 Sep 2025 Term Programme1) Amount outstanding, MSEK Interest, % Interest rate terms, % Interest rate floor Maturity date Green bond loan 2023/2026 MTN programme 153 7.62 Stibor 3M + 5.50 No 12/04/20262) Yes 2023/2026 MTN programme 400 7.36 Stibor 3M + 5.25 No 14/12/2026 Yes 2024/2027 MTN programme 450 5.67 Stibor 3M + 3.75 3) No 21/08/2027 Yes 2024/2028 MTN programme 400 4.51 Stibor 3M + 2.45 4) No 03/01/2028 Yes 2025/2028 MTN programme 400 4.24 Stibor 3M + 2.15 No 03/12/2028 Yes 1) Framework amount of BSEK 5. 2) Repaid via early redemption to par on October 13, 2025 3) Of which MSEK 150 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. 4) 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. Funding 2025 30 Sep 2024 31 Dec Bank loans, MSEK 10,463 10,145 Commercial paper loans, MSEK 1,075 875 Bond loans, MSEK 1,803 1,601 Interest coverage ratio, multiple 2.9 2.4 Interest coverage ratio, rolling 12, multiple 2.8 2.4 Average interest rate, % 4.12 4.38 Cash and cash equivalents, MSEK 373 97 Loan-to-value ratio, % 51.1 51.8 Equity/assets ratio, % 38.8 38.9 Average loan maturity period, years 2.9 2.3 Average fixed income period, years 2.0 2.1 Proportion of interest-hedged loan portfolio,% 54.2 48.9 Net debt to EBITDA ratio, multiple 8.0 8.0 Capital structure, % Equity 39 (39) Loans from credit institutes 39 (41) Commercial paper loans 4 (4) Bond loans 7 (6) Deferred tax 6 (6) Other liabilities 5 (4) Average interest rate level -3 -2 -1 0 1 2 3 4 5 6 7 8 4,124,38 800 700 600 500 400 300 200 100 0 -100 -200 -300 Bps 30 Sep 2025 30 Sep 202531 Dec 202431 Dec 2024 412438 189254 152 280 -181 211 150 223 199 115 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 7,225 3.5 2.04 -12 Callable interest rate derivatives1) 1,500 8.2 2.17 -30 Performance swaps 2) 750 3.0 2.99 -21 Total derivative portfolio 9,475 4.2 2.14 -63 1) Callable swaps for the counterparty quartely upto termination dates in the period from 8 November 2032 to 5 March 2034. The remaining term above reflects the maxi - mum term as if no call option is exercised by the counterparty. 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 - Q3 2025 18 Summary report, MSEK 30/09/2025 30/09/2024 31/12/2024 Assets Investment properties 24,863 21,127 23,384 Leasehold rights 168 145 147 Participations in associated companies and joint ventures 508 537 479 Derivatives - - 19 Other fixed assets 115 53 84 Total fixed assets 25,655 21,861 24,113 Other current assets excluding cash and cash equivalents 380 329 361 Cash and cash equivalents 373 287 97 Assets held for sale - - 32 Total current assets 753 616 490 Total assets 26,408 22,477 24,604 Equity and liabilities Equity 10,239 8,990 9,568 Deferred tax 1,584 1,329 1,453 Long-term interest-bearing liabilities 12,965 9,244 10,676 Long-term interest-bearing lease liabilities 168 145 147 Derivatives 63 128 - Total long-term liabilities and provisions 14,780 10,846 12,275 Current interest-bearing liabilities 483 1,906 1,911 Other current liabilities 907 736 817 Liabilities attributable to assets held for sale - - 32 Total current liabilities 1,390 2,641 2,761 Total equity and liabilities 26,408 22,477 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-Sep 2024 - - 548 548 1 549 Dividend - - -395 -395 - -395 New issue of common shares 14 971 - 985 - 985 Incentive plan - 3 - 3 - 3 Total transactions with shareholders 14 974 -395 593 - 593 Closing equity 30/09/2024 348 3,923 4,686 8,956 34 8,990 Comprehensive income for the period Oct-Dec 2024 - - 366 366 0 366 Dividends paid - - -4 -4 1 -5 New issue of common and preference shares 15 113 - 128 - 128 Change in holdings without controlling influence - - -6 -6 96 90 Total transactions with shareholders 15 113 -10 118 95 212 Closing equity 31/12/2024 363 4,036 5,042 9,440 128 9,568 Comprehensive income for the period Jan-Sep 2025 - - 812 812 4 816 Dividend - - -432 -432 0 -433 New issue of common and preference shares 49 338 - 386 - 386 Incentive plan - 3 - 3 - 3 Change in holdings without controlling influence - - - - -100 -100 Total transactions with shareholders 49 340 -432 -44 -101 -145 Closing equity 30/09/2025 411 4,376 5,421 10,208 32 10,239 As of 30 September 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 - Q3 2025 19 Summary report, MSEK 2025 3 months Jul-Sep 2024 3 months Jul-Sep 2025 9 months Jan-Sep 2024 9 months Jan-Sep 2024 12 months Jan-Dec Operating activities Profit from property management 316 253 832 629 879 Profit from property management from associated companies and joint ventures -12 -9 -32 -25 -37 Dividend received from associated companies and joint ventures - - 10 10 23 Distribution in kind provided, non-cash item - - - -229 -229 Other non-cash items 10 10 10 1 1 Tax paid -4 0 -62 -28 -29 Cash flow from operating activities before changes in working capital 310 254 757 357 607 Increase (+)/Decrease (-) in operating receivables -65 1 -79 25 128 Increase (+)/Decrease (-) in operating liabilities -40 2 -91 127 129 Cash flow from operating activities 205 257 588 509 864 Investment activities Acquisitions of properties -502 - -1,114 -186 -2,027 Divested properties 460 - 536 31 30 Investments in existing properties and other fixed assets -167 -147 -408 -407 -570 Investments in new construction -48 -64 -120 -86 -162 Investments in financial assets -60 -68 -126 -89 -152 Divestment of financial assets 125 1 129 298 381 Change in holdings without controlling influence - - -100 - - Cash flow from investment activities -191 -278 1,205 -440 -2,501 Financing activities New issue 3 987 389 987 1,115 Borrowings 331 402 1,281 1,166 1,980 Amortisation of borrowings -64 -1,300 -516 -1,960 -1,337 Dividend paid -108 -48 -262 -158 -208 Cash flow from financing activities 162 41 892 35 1,551 Cash flow for the period 176 20 275 104 -86 Cash and cash equivalents at the beginning of the period 197 267 97 183 183 Cash and cash equivalents at the end of the period 373 287 373 287 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 at the end of the period was MSEK 24,863 (23,384), an increase of MSEK 1,479 since the beginning of the year, which is explained by acquisitions, pro- ject investments, changes in value and property divestments. Closing cash and cash equivalents were MSEK 373 (97). The holding in Cibola Hospitality Group, which at the begin- ning 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 10,239 (9,568). Accrued borrowing expenses have reduced interest-bearing liabilities in the balance sheet by MSEK 48. Long-term interest-bearing liabilities after adjustment for accrued borrowing expenses amounted to MSEK 12,965 (10,676). Interest-bearing current liabilities amounted to MSEK 483 (1,911), MSEK 252 related to maturity and repayment of bank loans within twelve months, MSEK 153 bond loans and MSEK 79 to repayment of promisso- ry note liabilities. On the balance sheet date, the company's interest rate deriva- tives had a negative value of MSEK 63 (+19). For more informa- tion 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 39 percent (39). The company’s net debt to EBITDA ratio on the balance sheet date was 8.0 multiple (8.0). Cash flow from operating activities amounted to MSEK 588 (509). Acquisitions of properties affected cash flow by MSEK -1,114 (-186), and divestments of properties contributed MSEK 536 (31). Investments in existing properties and new construc- tion totalled MSEK -528 (-493). Changes in financial assets affected cash flow by MSEK 3 (209) and changes in non-con- trolling interests amounted to MSEK -100 (-). Cash flow from financing activities amounted to MSEK 892 (35) and consists of new share issue, net borrowing and dividend paid in cash. Overall, cash and cash equivalents changed by MSEK 275 (104) during the period. Consolidated statement of cash flows ===== SIDA 20 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 20 Income statement - summary report, MSEK 2025 3 months Jul-Sep 2024 3 months Jul-Sep 2025 9 months Jan-Sep 2024 9 months Jan-Sep 2024 12 months Jan-Dec Net sales 51 45 51 45 71 Operating expenses -29 -25 -89 -78 -114 Operating profit/loss 22 20 -38 -33 -43 Net financial income 128 51 183 255 348 Profit/loss after financial items 149 71 144 222 305 Appropriations - - - - 58 Profit before tax 149 71 144 222 364 Tax on profit for the period - -4 - -12 - Net profit 149 67 144 210 364 Balance sheet - summary report, MSEK 30/09/2025 30/09/2024 31/12/2024 Intangible assets 5 6 6 Participations in group companies 684 677 684 Non-current receivables group companies 6,806 5,139 5,948 Other financial assets 71 9 21 Total fixed assets 7,566 5,831 6,659 Current receivables group companies 3,969 3,247 3,964 Other current receivables 132 90 85 Cash and cash equivalents 311 243 41 Total current assets 4,412 3,580 4,090 Total assets 11,978 9,411 10,749 Restricted equity 412 348 363 Unrestricted equity 2,872 2,562 2,824 Total equity 3,284 2,910 3,187 Untaxed reserves 20 20 20 Long-term interest-bearing liabilities 8,061 5,522 6,303 Total long-term liabilities and provisions 8,081 5,542 6,323 Current interest-bearing liabilities 281 760 1,122 Other liabilities 332 199 117 Total current liabilities 613 959 1,239 Total equity and liabilities 11,978 9,411 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. Reports of the parent company ===== SIDA 21 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 2121 Segment reporting MSEK 9 months Sundsvall Gävle Dalarna Östersund Umeå Skellefteå Luleå Middle Sweden Not distributed costs Total group Jan-Sep 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 337 327 228 205 239 212 234 151 194 180 191 179 218 200 183 120 -0 -3 1,823 1,571 Vacancy -38 -29 -21 -10 -19 -14 -10 -6 -12 -12 -17 -10 -8 -9 -13 -13 - - -136 -103 Repairs and maintenance -7 -7 -4 -3 -5 -5 -4 -3 -7 -4 -2 -2 -4 -3 -3 -2 -0 -0 -37 -29 Property upkeep and operation -64 -61 -27 -29 -45 -43 -41 -29 -36 -36 -32 -38 -36 -35 -24 -19 3 0 -302 -290 Property tax -6 -6 -6 -5 -5 -4 -5 -4 -5 -5 -5 -4 -6 -5 -4 -4 - - -42 -36 Customer losses -0 -2 -0 -0 -9 -1 -2 -0 1 -1 -0 -2 -0 -1 -0 -1 - -0 -12 -9 Net operat- ing income 220 221 170 158 156 146 173 109 134 122 135 124 164 147 139 82 3 -3 1,293 1,105 Surplus ratio, % 74 74 82 81 71 73 77 75 74 73 78 73 78 77 82 76 77 75 Number of properties 137 127 92 73 79 68 64 42 56 46 54 53 58 51 65 55 605 515 Lettable area, sqm 431 428 310 276 373 342 259 164 237 217 244 238 231 222 195 147 2,281 2,033 Rental value 455 436 319 277 337 287 315 204 266 233 255 241 281 267 216 162 2,444 2,108 Occupancy rate, 1)% 90 88 90 93 92 94 96 96 94 94 92 93 95 96 90 90 92 93 Property value 4,550 4,395 3,347 2,917 3,221 2,729 3,553 2,064 2,626 2,232 2,617 2,542 2,737 2,565 2,212 1,683 24,863 21,127 1) Calculated on current rental value on the balance sheet date. The company's surplus ratio was stable but higher than the pre- vious year, mainly 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. During the third quarter of 2025, a new tenant took possession of the largest vacancy in the business area, which improved the economic occupancy rate slightly. The vacancy rate has increased in Gävle compared with the corresponding period last year. Two percentage points of the increase in the vacancy rate is explained by early vacating and bankruptcy. Although vacancy has increased in Gävle, the mar- ket situation in the business area is good. In Dalarna, the provision of customer losses has increased over the past year, which can be attributed to one tenant. However, the market situation remains stable in the area and agreements for new construction have been signed. In Östersund, the properties from the acquisition of Frösö Park and Cibola was accessed in the fourth quarter of 2024. 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 previously comprised properties mainly around Karlstad, Örebro and Västerås. At the end of 2024, the business area was expanded through the acquisition of six properties in Eskilstuna. Another acquisition in Eskilstuna was completed in the second quarter of 2025. The vacancy rate is unchanged compared to the comparison period despite an early vacating that had a negative impact on the vacancy rate by four percentage points. Segment reporting in summary ===== SIDA 22 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 22 NP3 has two classes of shares, common shares and prefer- ence 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 13.7 million 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 September, 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 12,250 shareholders (10,674). The share price for common shares was SEK 251.50 (266.00) on the balance sheet date, which is equivalent to a market value of MSEK 15,412 (16,376). In addition, there are prefer- ence shares with a share price of SEK 30.80 (31.40) which is equivalent to a market value of MSEK 1,725 (1,193). Total market value as of 30 September amounted to MSEK 17,137 (17,569). The highest price paid for the period 1 October 2024 to 30 September 2025 amounted to SEK 281.00 and was quoted on 4 October 2024. The lowest price paid for the period was recorded on 9 April 2025 and amounted to 196.40 SEK. The volume-weighted average price for the period was SEK 250.40 (234.50). Long-term net assets value reflecting long-term net asset value reduced by preference capital and holdings without con- trolling influence amounted to MSEK 10,090 (9,217), which is equivalent to SEK 163.85 (149.71) per common share. The share price at the end of the period was 183 percent (211) of equity per common share and 153 percent (178) of the long-term net asset value per common share. Shares and shareholders 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 twelve months SEK x 400 350 300 250 200 150 100 50 0 35 30 25 20 15 10 5 0 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). 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 related 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 30/09/202431/10/202430/11/202431/12/202431/01/202528/02/202531/03/20252025-04-302025-05-3130/06/2025 2025-09-302025-08-312025-07-31 30/09/202431/10/202430/11/202431/12/202431/01/202528/02/202531/03/20252025-04-302025-05-3130/06/2025 2025-09-302025-08-312025-07-31 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 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 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 2024-09-30 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 2025-07-31 2025-08-31 2025-09-30 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 2024-09-30 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 2025-07-31 2025-08-31 2025-09-30 NP3 stängningskurs vs Carnegie Fastighetsindex NP3 volym / 1000 NP3 stängningskurs Carnegie Fastighetsindex 0 5 10 15 20 25 30 35 0 50 100 150 200 250 300 350 400 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 ggrkr ===== SIDA 23 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 23 The NP3-share Shareholder structure as of 30 Sep 2025 1) Size of holdings Number of shareholders Votes per share, % 1 – 500 8,126 0.66 501 – 1,000 1,228 0.45 1,001 – 2,000 1,006 0.61 2,001 – 5,000 909 0.96 5,001 – 10,000 434 1.00 10,001 – 50,000 413 3.43 50,001 – (incl. unknown holding sizes) 134 92.89 Total 12,250 100 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 Sep 2025 30 Sep 2024 Jan-Sep 2025 Jan-Sep 2024 Jan-Sep 2025 Jan-Sep 2024 Jan-Sep 2025 Jan-Sep 2024 Common share 251.50 266.00 486 364 22 20 13.6 10.8 Preference hare 30.80 31.40 209 101 90 27 5.3 1.2 Sweden 87 (89) USA 3 (3) Denmark 3 (3) Norway 2 (2) Others 5 (4) Owner categories 1), % Breakdown by country 1), % 1) Source: Monitor by Modular Finance AB. Shareholders as of 30 Sep 20251) Number of common shares Number of preference shares Participating interest, % Votes per share, % 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 7,474,263 26,900 6.4 (7.7) 11.1 (11.4) Försäkringsaktiebolaget Avanza Pension 568,318 5,694,569 5.3 (3.0) 1,7 (1.0) PPB Holding AB/Patrik Brummer - 4,166,666 3.5 (4.0) 0.6 (0.6) Länsförsäkringar Fondförvaltning AB 3,978,546 - 3.4 (4.4) 5.9 (7.0) Danske Invest 1,662,654 1,935,000 3.1 (3.1) 2.8 (2.3) Lannebo Kapitalförvaltning 3,385,068 - 2.9 (2.9) 5.0 (4.6) Atlant Fonder - 1,767,936 1.5 (0.0) 0.3 (0.0) Jakob Ryer - 1,757,196 1.5 (0.0) 0.3 (0.0) Fjärde AP-fonden 1,689,599 - 1.4 (3.7) 2.5 (2.9) SEB Funds 1,580,422 - 1.3 (1.9) 2.4 (3.0) Handelsbanken Liv Försäkring AB 635,835 897,215 1.3 (1.4) 1.1 (1.1) Handelsbanken Fonder 1,503,515 - 1.3 (1.4) 2.2 (2.3) Nordnet Pensionsförsäkring AB 27,258 1,450,164 1.3 (0.5) 0.3 (0.2) J.A. Göthes AB 1,041,600 416,640 1.2 (1.4) 1.6 (1.6) Vanguard 1,450,978 - 1.2 (1.3) 2.2 (2.0) Sensor Fonder - 1,240,000 1.1 (0.0) 0.2 (0.0) Ulf Jönsson - 1,000,000 0.9 (1.0) 0.1 (0.2) BlackRock 901,554 - 0.8 (0.5) 1.3 (0.8) Total 20 largest shareholders 46,529,473 25,522,723 61.3 (61.1) 73.1 (72.9) Other shareholders 15,051,321 30,477,277 38.7 (38.9) 26.9 (27.1) Total number of shares 61,580,794 56,000,000 100.0 100.0 Figures in brackets relate to holdings and votes at the beginning of 2025. Swedish private individuals 34 (31) Swedish institutional owners 21 (23) Foreign institutional owners 9 (9) Others 36 (37) ===== SIDA 24 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 24 Income statement, MSEK 2025 3rd quarter Jul-Sep 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 Rental income 572 564 551 523 491 486 492 464 444 Property costs -91 -107 -154 -113 -74 -101 -152 -106 -68 Property tax -14 -14 -14 -12 -12 -12 -12 -12 -12 Net operating income 467 443 383 398 404 373 328 346 365 Central administration -18 -25 -20 -25 -15 -20 -18 -25 -15 Result from associated companies and joint ventures 14 16 8 5 8 -8 8 -9 10 Net financial income -145 -148 -139 -136 -145 -153 -151 -162 -162 Profit/loss after financial items 318 287 232 242 252 193 168 150 198 -of which profit from property management 316 281 235 250 253 209 168 175 206 Changes in value of properties 37 120 101 121 45 155 2 34 -165 Changes in value of financial instruments 70 -143 7 139 -158 -100 132 -285 15 Profit before tax 425 264 340 502 139 248 303 -101 48 Current tax -24 -21 -19 -25 -20 -13 -17 -28 -24 Deferred tax -62 -40 -46 -112 -9 -36 -45 -11 14 Net profit1) 339 203 274 364 110 198 241 -140 39 Comprehensive income relating to the parent company’s shareholders 339 200 272 365 109 198 241 -137 38 Comprehensive income relating to non-controlling interest 0 2 2 -1 1 0 0 -3 1 1) Net profit is consistent with the comprehensive net profit. Financial position, MSEK 2025 30 Sep 2025 30 June 2025 31 March 2024 31 Dec 2024 30 Sep 2024 30 June 2024 31 March 2023 31 Dec 2023 30 Sep Investment properties 24,863 24,465 23,708 23,384 21,127 20,872 20,382 20,276 19,985 Leasehold rights 168 168 163 147 145 144 149 150 132 Participations in associated companies and joint ventures 508 494 487 479 537 473 467 468 1,021 Derivatives - - 27 19 - 71 131 43 390 Other fixed assets 115 135 106 84 53 54 54 54 79 Other current assets excl. cash and cash equivalents 380 409 419 393 329 286 773 711 102 Cash and cash equivalents 373 197 313 97 287 267 198 183 190 Total assets 26,408 25,868 25,224 24,604 22,477 22,165 22,153 21,885 21,899 Equity 10,239 9,897 9,842 9,568 8,990 7,897 8,089 7,489 7,994 Deferred tax 1,584 1,539 1,499 1,453 1,329 1,320 1,284 1,240 1,229 Interest-bearing liabilities 13,448 13,084 12,962 12,587 11,149 12,047 11,988 11,943 11,838 Lease liabilities 168 168 163 147 145 144 149 150 132 Derivatives 63 139 - - 128 - - - - Non-interest bearing liabilities 907 1,041 757 849 736 757 642 704 706 Total equity and liabilities 26,408 25,868 25,224 24,604 22,477 22,165 22,153 21,885 21,899 Quarterly summary Rental income by quarter Net operating income by quarter Profit from property management by quarter 1 2 3 4 1 2 31 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 Profit from property management Profit from property management, % of rental income % 350 300 250 200 150 100 50 0 70 60 50 40 30 20 10 0 MSEK 1 2 3 4 1 2 3 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 50 100 150 200 250 300 350mkr Förvaltningsresultat Förvaltningsresultat % Q 1 2 3 4 2021 2024 2025 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 0 1 2 3 4 1 2 31 2 3 4 1 2 3 4 2022 2023 0% 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 % ===== SIDA 25 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 25 Key ratios 2025 3 months Jul-Sep 2024 3 months Jul-Sep 2025 9 months Jan-Sep 2024 9 months Jan-Sep 2024 12 months Jan-Dec Property-related key ratios Number of properties at the end of the period 605 515 605 515 554 The properties’ lettable area, tsqm 2,281 2,033 2,281 2,033 2,201 Investment properties, MSEK 24,863 21,127 24,863 21,127 23,384 Property value, SEK/sqm 10,900 10,392 10,900 10,392 10,624 Rental value, MSEK 2,444 2,108 2,444 2,108 2,326 Financial occupancy rate, % 92 93 92 93 93 Surplus ratio, % 82 82 77 75 75 Yield, % 7.2 7.1 7.2 7.1 7.1 Financial key ratios Return on equity, common share, % 12.8 4.8 12.8 4.8 11.7 Return on equity, % 12.2 5.0 12.2 5.0 10.8 Return on equity, before tax, % 15.8 7.2 15.8 7.2 14.0 Return on equity from the profit from property management, % 11.1 9.9 11.1 9.9 10.4 Debt/equity ratio, multiple 1.3 1.2 1.3 1.2 1.3 Net debt to EBITDA ratio, multiple 8.0 7.7 8.0 7.7 8.0 Interest coverage ratio, multiple 3.1 2.6 2.9 2.3 2.4 Interest coverage ratio, rolling 12, multiple 2.8 2.2 2.8 2.2 2.4 Loan-to-value ratio, % 51.1 49.4 51.1 49.4 51.8 Equity/assets ratio, % 38.8 40.0 38.8 40.0 38.9 Average interest rate, % 4.12 4.72 4.12 4.72 4.38 Average loan maturity period, years 2.9 2.1 2.9 2.1 2.3 Average fixed interest period, years 2.0 2.6 2.0 2.6 2.1 Proportion of interest-hedged loan portfolio,% 54.2 55.3 54.2 55.3 48.9 Key ratios per common share Number of shares at the end of the period, thousands 61,581 61,562 61,581 61,562 61,562 Weighted average number of shares, thousands 61,581 59,562 61,570 57,923 59,136 Equity, SEK 137.11 126.04 137.11 126.04 131.34 Long-term asset value, SEK 163.85 149.71 163.85 149.71 154.64 Profit from property management, SEK 4.68 4.00 12.37 9.88 13.57 Profit after tax, SEK 5.05 1.54 12.04 8.49 14.17 Dividend, SEK - - - - 5.20 Share price at the end of the period, SEK 251.50 266.00 251.50 266.00 250.00 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 31.50 31.50 31.50 31.50 32.00 Earnings, SEK 0.50 0.50 1.50 1.50 2.00 Dividend, SEK - - - - 2.00 Share price at the end of the period, SEK 30.80 31.40 30,80 31.40 29.90 For reconciliation of key ratios and definitions, see pages 26-27. ===== SIDA 26 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 26 MSEK 2025 Jan-Sep 2024 Jan-Sep 2024 Jan-Dec Net debt 12,972 10,707 12,341 Net operating income, future-orientated twelve months acc. to earnings capacity 1,677 1,456 1,602 Central administration costs, rolling twelve months -88 -77 -78 Dividends from associated companies and joint ventures, rolling twelve months 23 12 23 Adjusted net operating income 1,612 1,391 1,547 Net debt to EBITDA ratio, multiple 8.0 7.7 8.0 Profit from property management 832 629 879 Add-back of profit from property management from associated companies and joint ventures -32 -25 -37 Dividends from associated companies and joint ventures 10 10 23 Financial expenses 438 456 599 Adjusted profit from property management 1,247 1,070 1,464 Interest coverage ratio, multiple 2.9 2.3 2.4 Net debt 12,972 10,707 12,341 Market value properties 24,863 21,127 23,384 Participations in associated companies and joint ventures 508 537 479 Loan-to-value ratio, % 51.1 49.4 51.8 Equity according to financial position 10,239 8,990 9,568 Balance sheet total 26,408 22,477 24,604 Equity/assets ratio, % 38.8 40.0 38.9 Equity according to financial position 10,239 8,900 9,568 Deduction preference capital -1,764 -1,197 -1,354 Deduction non-controlling interest -32 -34 -128 Number of shares at the end of the period, thousands 61,581 61,562 61,562 Equity, SEK/common share 137.11 126.04 131.34 Equity according to financial position 10,239 8,990 9,568 Deduction preference capital -1,764 -1,197 -1,354 Deduction non-controlling interest -32 -34 -128 Add-back derivatives 63 128 -19 Add-back deferred tax 1,584 1,329 1,453 Number of shares at the end of the period, thousands 61,581 61,562 61,562 Long-term net asset value, SEK/common share 163.85 149.71 154.64 Profit from property management 832 629 879 Deduction of preference shareholders' preferential right to dividend, paid during the period -70 -57 -76 Average number of common shares, thousands 61,570 57,923 59,136 Profit from property management, SEK/common share 12.37 9.88 13.57 Reconciliation of key ratios MSEK 2025 Jan-Sep 2024 Jan-Sep 2024 Jan-Dec Interest-bearing liabilities 13,448 11,149 12,587 Current investments -104 -155 -148 Cash and cash equivalents -373 -287 -97 Net debt 12,972 10,707 12,341 Profit after tax, relating to the parent company's shareholders 812 548 914 Deduction of preference shareholders' preferential right to dividend, paid during the period -70 -57 -76 Profit after tax reduced by holders of preference shares’ right to dividend 742 491 838 Average number of common shares, thousands 61,570 57,923 59,136 Profit after tax, SEK/common share 12.04 8.49 14.17 Rental income 1,686 1,469 1,992 Net operating income 1,293 1,105 1,503 Surplus ratio, % 77 75 75 Net operating income, rolling twelve months 1,691 1,451 1,503 Average market value of properties 23,510 20,528 21,208 Yield , % 7.2 7.1 7.1 Profit after tax, relating to shareholders in the parent company, rolling twelve months 1,177 412 914 Deduction of preference shareholders' preferential right to dividend, paid during the period -89 -76 -76 Average equity after settlement of prefer - ence capital and non-controlling interest 8,497 6,923 7,190 Return on equity, common share, % 12.8 4.8 11.7 Profit after tax, rolling twelve months 1,181 410 914 Average total equity 9,707 8,164 8,479 Return on equity, % 12.2 5.0 10.8 Profit before tax, rolling twelve months 1,530 589 1,191 Average total equity 9,707 8,164 8,479 Return on equity, before tax, % 15.8 7.2 14.0 Profit from property management, rolling twelve months 1,081 804 879 Average total equity 9,707 8,164 8,479 Return on equity from the profit from property management, % 11.1 9.9 10.4 Net debt 12,972 10,707 12,341 Equity according to financial position 10,239 8,990 9,568 Debt/equity ratio, multiple 1.3 1.2 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 - Q3 2025 27 Definitions Return on equity Profit after tax for a rolling twelve-month period, in percent of average equity. Return on equity, before tax Profit before tax for a rolling twelve-month period, in percent of average equity. Return on equity, common share Profit after tax for a rolling twelve-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 twelve-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 twelve-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 proper- ties, 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 pref- erence 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 as- sessed market rent for unlet areas twelve 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 deriv- atives 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 dis- posed 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 share- holders, reduced by the holders of preference shares’ prefer- ential 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 profit from prop - erty management in 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 admin - istration expenses plus dividends received from associated companies and joint ventures rolling twelve months. Debt/equity ratio Net debt in relation to equity on the balance sheet date. Equity/assets ratio 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 effec- tivity comparable over time. ===== SIDA 28 ===== NP3 Fastigheter AB (publ) Interim report - Q3 2025 28 Risks and uncertainties NP3 works actively to identify and minimise the significant risks that can affect the company's financial position and performance. Significant risks for the company are described below and on pages 74–78 in the company's annual report for 2024. Property-related risks NP3 works continuously to minimise its property-related risks. The company has good diversification in terms of both property categories and industry exposure. Rental income is spread over a large number of lease agreements, with major tenants accounting for only a small proportion of the rental val- ue. There is a risk that the valuation of investment properties may be affected by the assessments and assumptions made by management. To minimise this risk, the market value of the company's properties is assessed every quarter, where the company's valuation policy means that at least 90 percent of the total property portfolio is valued externally in quarters two and four and that other properties are valued internally. Financial risks Costs related to funding make up the single largest cost item for NP3. NP3 uses interest rate hedging in order to limit inter- est rate risk and increase the predictability of the profit from property management. The company also works continuously to secure NP3's financial position and to maintain good rela- tions with banks, the capital market and other stakeholders in order to reduce financial risks. Environmental risks Climate change can increase the risk of damage to property and can affect properties or the operation of properties. In addition, environmental risks associated with soil contamina- tion are assessed as a risk that may have a negative impact on the company. Environmental policy decisions could also have a negative impact on the company. NP3 has good practices for counteracting and preventing environmental risks. All investments and acquisitions are examined from a climate perspective. In addition, the company has good knowledge of the properties on which it conducts or has conducted activities subject to a permit. Risk of conflicts of interest Conflicts of interest can arise when board members, per- sons in the strategic and operational management and other employees in the company take on certain board assignments, invest in companies in which NP3 has invested, invest in com- panies that are competitors to NP3, mortgage their sharehold- ings in NP3 or acquire or dispose of shares in NP3. In order to manage and counteract conflict of interest risks, the company has well-developed procedures, guidelines and policies. Other risks Wars, conflicts and other uncertainties in the world around us affect the world economy, including Sweden and NP3 as a company. NP3 monitors development and continuously evalu- ates 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, Dalarna, 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 employees 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 - Q3 2025 29 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 per year 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 stake- holders, to create Sweden’s long-term most profitable real estate company. Contacts 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 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 third quarter 11/7 Interim report January - June 25/8 NP3 Fastigheter considers issuance of green SEK notes and announces a voluntary tender offer for certain outstanding notes 27/8 NP3 Fastigheter issues green notes of SEK 400 million and announces the result of the voluntary tender offer for certain outstanding notes 3/9 NP3 gives notice of early redemption of certain outstanding bonds 2023/2026 notes 8/9 NP3 acquires properties for MSEK 685 22/9 Nominating committee ahead of the annual general meeting 2026 All press releases are available on the company's website: www.np3fastigheter.se Calendar Interim reports 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 Annual general meeting 6 May 2026 (moved from 5 to 6 May) Record days for dividend on preference shares 31 October 2025 31 January 2026 30 April 2026 Record days for dividend on common shares 31 October 2025 31 January 2026 Audit report To the Board of Directors of NP3 Fastigheter AB (publ) Corp. ID no. 556749-1963 Introduction We have carried out a review engagement of the condensed in - terim financial information (interim report) for NP3 Fastigheter AB as of 30 September 2025 and the nine-month period that ended on this date. The Board of Directors and the Managing Direc - tor are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our audit. Focus and scope of the review engagement We conducted our audit in accordance with International Standard on Review Engagements ISRE 2410 Review of Interim Financial Information performed by the company’s appointed auditor. A review engagement consists of making enquiries, primarily to persons responsible for financial and accounting mat - ters, and performing an analytical review and taking other review procedures. A review engagement has a different focus and is substantially less in scope than the focus and scope of an audit conducted in accordance with ISA and other generally accepted auditing standards. The review procedures carried out in a review engagement do not enable us to obtain such certainty that we would become aware of all significant circumstances that might have been identified if an audit had been carried out. Therefore, the conclusion expressed on the basis of a review engagement does not have the same level of certainty as a conclusion ex - pressed on the basis of an audit. Conclusion Based on our review engagement, nothing has come to our attention that causes us to believe that the interim report is not prepared, in all material respects, in accordance with IAS 34 and the Swedish Annual Accounts Act for the group and in accord - ance with the Annual Accounts Act for the parent company. Stockholm, 17 October 2025 KPMG AB Peter Dahllöf Authorized Public Accountant ===== SIDA 30 ===== www.np3fastigheter.se 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 Fläktgatan 8B, 941 47 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 Björnavägen 41, 891 41 Örnsköldsvik Östersund Kaserngatan 3, 831 32 Östersund