Earnings release
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Key information for 9 months of 2025 The Board of INVL Baltic Farmland (term of office 2022-2026) and the Manager (director) 25+ years in the Baltic private equity and asset management market INVL Baltic Farmland, AB was established on 29 April 2014 on the basis of a part of assets split-off from one of the leading asset management groups in the Baltic region Invalda INVL. INVL Baltic Farmland manages shares of companies investing into agricultural land. INVL Baltic Farmland has 100% in 18 companies owning approximately 3 thousand hectares of agricultural land in Lithuania. Companies - land owners and joint-stock company INVL Baltic Farmland, on 30 June 2015 have signed a Basic Property Administration Agreement with INVL Farmland Management which administrates agricultural land owned by the companies in order to ensure steady growth of income for the shareholders and the value of the land. On 28 December 2020 the Agreement’s Amendment was concluded, based on which the term of the Basic Property Administration Agreement was extended until 31 December 2025. Shares of INVL Baltic Farmland are listed on Nasdaq Vilnius stock exchange Secondary list since 4 June 2014. INVL Baltic Farmland shareholders with over 5% of the authorized capital and / or votes and votes held by the Company‘s managers as of 30 September 2025 The land plots which the company owns are in the most productive regions of Lithuania. They‘re indicated in blue Main characteristics of INVL Baltic Farmland shares admitted to trading Shares issued and total voting rights granted by the issued shares, units 3,291,549 Number of votes for the quorum of the General Shareholders Meeting, units 3,228,510 Nominal value for one share, EUR 0.29 Total nominal value, EUR 954,549.21 ISIN code LT0000128753 Exchange, List AB Nasdaq Vilnius, Secondary list EUR 6.55 Share price as of 30 September 2025. EUR 21.147 mln. Capitalisation as of 30 September 2025. 10+ years direct experience in the Baltic private equity market 25+ years experience in the Baltic finance and audit market 25+ experience in the Baltic securities market Alvydas Banys Indrė Mišeikytė Tomas Bubinas Eglė Surplienė For more information please visit: https://invlbalticfarmland.com/en/
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INVL Baltic Farmland, AB schedule of dividends allocated per share since the beginning of the Company's operations Historical relation between share price and BV, % Share price Premium/discount vs BV, % 30-09-2023 30-09-2024 30-09-2025 Book value of land, EUR thousand 18,092 20,756 22,736 Cash, EUR thousand 163 181 196 Other assets, EUR thousand 219 209 293 Consolidated equity, EUR thousand 15,966 18,250 19,723 Deferred income tax liabilities, EUR thousand 2,014 2,425 2,904 Deferred revenue, EUR thousand 189 200 213 Other liabilities, EUR thousand 305 271 385 Controlled cultivated cropland area, thousand ha 3 3 3 Average rental income per hectare, EUR 256 272 288 Book value of one share (BV), EUR* 4.95 5.65 6.11 Dividend yield, %* 2.0 1.9 1.8 Profit (loss), EUR thousand 01.01.2023- 30.09.2023 01.01.2024- 30.09.2024 01.01.2025- 30.09.2025 Revenue 569 605 640 (Allowance for) reversal of impairment of trade receivables (3) (10) - Profit before tax 353 405 438 Net profit 315 344 368 *The Company publishes Alternative performance measures (AVR), that are in use of the Company, provides indicators definitions and calculation formulas. All the information is disclosed in the Company‘s web site section „Investor relations“ → „Financial information and reports“ → „Indicator formulas“. The link is provided: https://invlbalticfarmland.com/en/investor- relations/financial-information-and-reports/ Key information for 9 months of 2025 In 2018 the General Shareholders Meeting of the Company approved the new Dividend Payment Policy. According to the Policy, it is decided to allocate EUR 0.10 dividend per share. The Annual General Shareholders Meeting of the Company held on 14 April 2025 approved to allocate a dividend of EUR 0.12 per share for the year 2024. The dividends for the year 2024 were paid from 14 May 2025. For more information please visit: https://invlbalticfarmland.com/en/ 31 March 2023 54.7 30 June 2023 42.3 30 September 2023 50.5 31 December 2023 27.0 31 March 2024 12.3 30 June 2024 13.9 30 September 2024 12.4 31 December 2024 2.9 31 March 2025 1.6 30 June 2025 10.4 30 September 2025 7.2 fo r 2014 allocated EUR 0.06 per share fo r 2015 allocated EUR 0.066 per share fo r 2016 allocated EUR 0.07 per share fo r 2017 allocated EUR 0.15 per share fo r 2018 allocated EUR 0.1 per share fo r 2019 allocated EUR 0.1 per share fo r 2020 allocated EUR 0.15 per share fo r 2021 allocated EUR 0.24 per share fo r 2022 allocated EUR 0.15 per share fo r 2023 allocated EUR 0.12 per share fo r 2024 allocated EUR 0.12 per share 0.01 0.06 0.11 0.16 0.21 0.26 EU R per s ha re 0 5000 10000 15000 20000 25000 30000 2,50 3,00 3,50 4,00 4,50 5,00 5,50 6,00 6,50 7,00 7,50 8,00 8,50 9,00 9,50 04.01.2021 15.03.2021 27.05.2021 06.08.2021 15.10.2021 27.12.2021 08.03.2022 19.05.2022 29.07.2022 07.10.2022 16.12.2022 27.02.2023 11.05.2023 21.07.2023 29.09.2023 08.12.2023 21.02.2024 06.05.2024 17.07.2024 25.09.2024 04.12.2024 19.02.2025 05.05.2025 16.07.2025 24.09.2025