Interim report
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Långreven 6 in Örebro Q3 2026 Interim report January–September
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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. NP3 has its domicile and head office in Sundsvall. Major events in the third quarter • During the third quarter, nine properties were accessed in seven transactions. Four transactions were completed during the quarter and three in a previous quarter. The properties have an underlying property value of MSEK 166 before a deduction of defered tax of MSEK 6. The properties have a lettable area of 26,100 square metres and an annual rental value of MSEK 18. • In addition to the above, the company has entered into agreements to acquire five properties with an underlying property value of MSEK 48 before deduction of deferred tax of MSEK 1. The properties have a lettable area of 3,600 square meters and an annual rental value of MSEK 3. Three properties were accessed in October, and two properties will be accessed during the fourth quarter. • The company has entered into an agreement to dispose one property with an underlying property value of MSEK 16, without deduction for deferred tax. The property has a lettable area of 2,000 square meters and an annual rental value of MSEK 2. The transaction is conditional upon a resolution by a municipal council and will thereafter bee accessed during the fourth quarter. Events after the end of the period • After the end of the period and up to the publication of this interim report, through two transactions, the company has entered into agreements to acquire two properties at an underlying property value of MSEK 199 before deduction of deferred tax of MSEK 3. The properties have a lettable area of 9,800 square meters and an annual rental value of MSEK 14. The properties were accessed in the beginning of the fourth quarter. • In addition to the above, the company has entered into an agreement to divested one property with an underlying property value of MSEK 48 without deduction for deferred tax. The property has a lettable area of 2,600 square meters and an annual rental value of MSEK 3. The divestment will be completed during the fourth quarter. Forecast for 2026 For 2026, 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 1,240. The forecast remains unchanged compared with the one published in the interim report for January–June 2026. The above relates to the period January to September. Roundings in the report can result in columns and rows not adding up. This report is an in-house translation. In the event of discrepancies, the Swedish original will supersede the translation. Profit from property management per common share SEK 13.67 +11 % Rental income was MSEK 1,865 +11 % 2 Acquisitions accessed Net operating income amounted to MSEK 1,436 MSEK 2,028 +11 %
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 3 Key ratios 2026 Jan–Sep 2025 Jan–Sep 2026 Jul–Sep 2025 Jul–Sep 2025 Jan–Dec Result, MSEK Rental income 1,865 1,686 639 572 2,274 Net operating income 1,436 1,293 523 467 1,725 Surplus ratio, % 77 77 82 82 76 Profit from property management 934 832 355 316 1,104 Changes in value of properties 386 258 38 37 528 Net profit 1,245 816 514 339 1,287 Market value of properties 29,195 24,863 29,195 24,863 26,087 Yield , % 6.9 7.2 6.9 7.2 7.0 Acquired and accessed properties 2,028 1,239 160 615 1,942 Result, SEK/common share Profit after tax 18.63 12.04 7.77 5.05 19.12 Profit from property management 13.67 12.37 5.19 4.68 16.33 Long-term net asset value 184.13 163.85 184.13 163.85 171.81 Interim report January–September 2026 January–September • Rental income increased by 11% to MSEK 1,865 (1,686). • Net operating income increased by 11% to MSEK 1,436 (1,293). • Profit from property management increased by 12% to MSEK 934 (832). Profit from property management per common share increased by 11% to SEK 13.67 (12.37). • Changes in the value of properties totalled MSEK 386 (258). • Net profit after tax totalled MSEK 1,245 (816), equivalent to SEK 18.63/common share (12.04). • Net investments for the period amounted to MSEK 2,725 (1,323), of which MSEK 2,028 (1,239) related to acquisitions of properties, MSEK 774 (528) to investments in existing properties and new construction, MSEK 3 (1) to investments in associated companies and joint ventures, and MSEK -80 (-546) to divested properties. The previous year, MSEK 100 also related to the acquisition of a minority shares in a subsidiary. July – September • Rental income increased by 12% to MSEK 639 (572). • Net operating income increased by 12% to MSEK 523 (467). • Profit from property management increased by 12% to MSEK 355 (316). Profit from property management per common share increased by 11% to SEK 5.19 (4.68). • Changes in the value of properties totalled MSEK 38 (37). • Net profit after tax totalled MSEK 514 (339), equivalent to SEK 7.77/common share (5.05). • Net investments for the period amounted to MSEK 417 (361), of which MSEK 160 (615) related to acquisitions of properties, MSEK 257 (216) to investments in existing properties and new construction, and MSEK 0 (-470) to divested properties.
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 4 Financial targets and dividend targets Below are the company's financial targets and results, rolling twelve months third quarter, the last five years. Except the dividend targets shown per full year. 1) Of the reported amount, MSEK 28 relate to additional dividends on newly issued common and preference shares. 2) Of the reported amount, MSEK 28 relate to additional dividends on newly issued common and preference shares. 3) Includes an additional dividend of MSEK 8 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 common and preference shares. The key ratio shows the company’s overall growth target. Profit from property manage - ment per common share, rolling twelve months, increased by 9 percent compared to the previous year. Average growth over the five-year period was 11 percent. The target shows the yield on the company’s equity 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 for the period was 19 percent. The average return on equity over the five-year period was 17 percent. The interest coverage ratio shows the company’s ability to cover its interest expenses. Interest coverage ratio is a measurement that indicates how many times the company manages to pay its interest with the profit from the operating activities. The interest coverage ratio as of 30 September was 2.9 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 52 percent. Growth in profit from property management per common share The growth in profit from property management per common share shall amount to at least 12 percent per year over a five-year period. Return on equity Return on equity before tax shall amount to at least 15 percent over a five-year period. Interest coverage ratio The interest coverage ratio shall be no less than 2 times. Loan-to-value ratio The loan-to-value ratio must not exceed 60 percent. Proportion of preference share dividend Preference share dividend is limited to maximum 20 percent of the profit from property management after current tax. The key ratio, which means that the preference share dividend is limited to a maximum of 20 percent of the profit from property management after current tax, aims to ensure a good balance between the interests of holders of common and preference shares. The proposed dividend corre - sponds to 11 percent. Objective Explanation and result Target approx. 50% Target max 20% Outcome The dividend target is set based on the company's cash flows and financial position. The approved dividend for 2025 amounts to SEK 6.40 per common share and SEK 2.00 per preference share. The total dividend amount is MSEK 5341) which corresponds to 52 percent of profit from property management after current tax. Target, no less than 2x Target max 60% % 60 50 40 30 20 10 0 50% 50% 59% 54% 52% 2021 2022 2023 2024 2025 1) 3) 2021 2022 2023 2024 2025 25 20 15 10 5 0 % 12% 10% 11% 14% 11% 3) 1) x 4 3 2 1 0 3.2 2.2 2.2 2.8 2.9 % 70 60 50 40 30 20 10 0 57% 55% 49% 51% 52% Q3 -22 Q3 -23 Q3 -24 Q3 -25 Q3 -26 Q3 -22 Q3 -23 Q3 -24 Q3 -25 Q3 -26 Return on equity before tax, % Average return on equity before tax, 5 years, % Target 15% 50 40 30 20 10 0 % Q3 -22 Q3 -23 Q3 -24 Q3 -25 Q3 -26 0,00 10,00 20,00 30,00 40,00 50,00 Q2-22 Q2-23 Q2-24 Q2-25 Q2-26 Avkastning på eget kapital Serie1 Serie2 Profit from property management per common share, SEK Average annual growth, 5 years, % Target 12% Q3 -22 Q3 -23 Q3 -24 Q3 -25 Q3 -26 % 20 16 12 8 4 0 0 2 4 6 8 10 12 14 16 18 20 0,00% 2,00% 4,00% 6,00% 8,00% 10,00% 12,00% 14,00% 16,00% 18,00% 20,00% Q2-22 Q2-23 Q2-24 Q2-25 Q2-26 Tillväxt Serie1 Serie2 kr 20 16 12 8 4 0
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 5 Comments by the CEO Comparisons in brackets relate to the corresponding period of the previous year. Profit from property management amounted to MSEK 355 (316) for the quarter and MSEK 934 (832) for the nine-month period, representing an increase of 12 percent for both periods com- pared with the previous year. The increase was attributable to higher net operating income from our property portfolio and a lower average interest rate. Profit from property management per Common Share for the nine-month period amounted to SEK 13.67 (12.37), an increase of 11 percent compared with the previous year. For the quarter, profit from property management per Common Share increased by 11 percent to SEK 5.19 (4.68). Net operating income increased by 12 percent for the quarter, primarily as a result of higher rental income driven by a larger property portfolio. In the comparable property portfolio, the increase in rental income amounted to just under 3 percent. The forecast for profit from property management in 2026 is SEK 1,240 million, which is unchanged from the forecast presented in connection with the second-quarter report. Business and the economy The occupancy rate stood at 92 percent, which is on par with the same period last year. The vacancy value has increased slightly, primarily due to vacancies in acquired properties. Net letting for the quarter amounted to SEK 3 million and for the nine-month period to SEK 54 million. During the quarter, new development projects were initiated with a total volume of SEK 113 million and a forecast yield of 7.4 percent. At the reporting date, the total budget for ongoing development projects amounted to SEK 1,058 million, with a forecast yield of 7.9 percent. NP3 continues to see stable demand overall. At the same time, global uncertainty and volatility in the interest rate market mean that decision-making processes are taking longer, which is only natural in the current climate. As always, there is a strong focus on letting – converting vacancies into cash flow. The economy is gradually beginning to pick up, and our regional offices in Luleå and Trestad (Trollhättan, Vänersborg and Uddevalla) are the ones seeing the clearest signs of this. My assessment is that the recovery will continue and spread to our entire region. There should therefore be good prospects for us to strengthen both our occupancy rate and cash flow, whilst continuing to increase rent levels over and above inflation. Transactions Following a high level of acquisition activity for NP3 during the first half of the year, the third quarter has been characterised more by the integration of our acquisitions into our management model. Uncertainty in the interest rate market has caused the entire transaction market to cool down slightly during the quarter. For NP3 I regard this as largely beneficial – it is not when the market is at its peak that NP3 makes its best deals. Average debt margins have continued to decline, but the market for unsecured debt has recently been characterised by considerable uncertainty. NP3 has no debt maturities in the near term and maintains a strong cash position to manage upcoming maturities. We currently see a well-functioning bond market, although pricing remains volatile. Future As with the rest of our business, I see no notable likelihood of any dramatic change in our valuation yields in the near future. The concerns that do exist can, as previously, be linked more to conflicts in the world around us, to climate change and to how artificial intelligence will be used. These are issues beyond NP3’s control, but they are issues that will have a significant impact on us. We are therefore monitoring developments closely and making the necessary adjustments on an ongoing basis. We will continue to head in the direction we have set out, with a focus on strenghtening our profit from property management per common share while maintaining or reducing operational and financial risk and on our long-term cashflow. NP3 will continue to make long-term decisions and refrain from pursuing short-term gains when these come at the expense of long-term value creation. We shall also continue to strengthen and make use of our local roots in our markets. This, together with our yield gap (which currently stands at around 3 percent), means that, in my view, NP3 should continue to be able to deliver growth in line with our financial targets. I would like to conclude, as always, by extending my sincere thanks to our shareholders, employees and stakeholders who continually support NP3. Your commitment is of great importance to our development. Andreas Wahlén
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 6 Consolidated statement of comprehensive income Summary report, MSEK 2026 Jan–Sep 2025 Jan–Sep 2026 Jul–Sep 2025 Jul–Sep 2025 Jan–Dec Rolling 12 months Rental income 1,865 1,686 639 572 2,274 2,453 Property costs -377 -351 -97 -91 -484 -509 Property tax -53 -42 -18 -14 -64 -75 Net operating income 1,436 1,293 523 467 1,725 1,868 Central administration -71 -63 -21 -18 -91 -99 Result from associated companies and joint ventures 64 38 44 14 50 75 - of which profit from property management 33 32 15 12 42 43 - of which changes in value of properties 41 17 34 6 23 47 - of which changes in value of financial instruments 7 - 6 - - 7 - of which tax -18 -11 -11 -4 -15 -22 Financial income 8 7 3 2 10 11 Financial expenses -473 -438 -166 -147 -582 -617 Profit/loss after financial items 964 837 384 318 1,112 1,238 - of which profit from property management 934 832 355 316 1,104 1,206 Changes in value of properties 386 258 38 37 528 657 Changes in value of financial instruments 200 -66 213 70 -22 244 Profit before tax 1,550 1,028 635 425 1,617 2,139 Current tax -72 -64 -32 -24 -83 -91 Deferred tax -233 -148 -89 -62 -247 -332 Net profit 1,245 816 514 339 1,287 1,716 Other comprehensive income - - - - - - Comprehensive income for the period 1,245 816 514 339 1,287 1,716 Comprehensive income relating to the parent company’s shareholders 1,239 812 514 339 1,276 1,703 Comprehensive income relating to non-controlling interest 6 4 0 0 12 13 Profit from property management per common share, SEK 13.67 12.37 5.19 4.68 16.33 17.63 Profit after tax per common share, SEK 18.63 12.04 7.77 5.05 19.12 25.70 Number of common shares at the end of the period, thousands 61,635 61,581 61,635 61,581 61,581 61,635 Weighted average number of common shares, thousands 61,603 61,570 61,635 61,581 61,573 61,602 1) Outcome, rolling twelve months Rental income, MSEK 2,500 2,000 1,500 1,000 500 0 2022 2023 2024 2025 2026 Q3 1) Net operating income, MSEK 2022 2023 2024 2025 2026 Q3 1) 2,000 1,500 1,000 500 0 Profit from property management, MSEK 2022 2023 2024 2025 2026 Q3 1) 1,400 1,200 1,000 800 600 400 200 0
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 7 Income, expenses and result January–September Earnings Profit from property management increased by 12 percent compared with the previous year and amounted to MSEK 934 (832). The increase in profit from property management is explained by acquisitions, completed projects and lettings, which are offset by higher financing costs given a higher debt volume. Profit from property management amounted to SEK 13.67 (12.37) per common share. Net operating income for the period amounted to MSEK 1,436 (1,293), corresponding to a surplus ratio of 77 percent (77). Changes in the value of properties amounted to MSEK 386 (258), of which MSEK 378 (238) related to unrealised changes in value and MSEK 9 (19) related to realised changes in value. Changes in the value of financial instruments amounted to MSEK 200 (-66) and consisted of changes in the market values of derivative instruments of MSEK 163 and listed shares of MSEK 37. Net profit after tax relating to the parent company’s shareholders amounted to MSEK 1,239 (812), corresponding to SEK 18.63 per common share (12.04). Income and expenses Rental income increased by 11 percent to MSEK 1,865 (1,686). Revenue increased as a result of property acquisitions, indexation, lettings and completed projects. In the comparable portfolio, revenue increased by 2.9 percent. Revenue consisted of rental income of MSEK 1,702 (1,549) and service revenue of MSEK 163 (138). Service revenue mainly comprised recharged costs for heating, electricity and water as well as snow removal. Property costs for the period amounted to MSEK -377 (-351). The costs were distributed between property upkeep and operating expenses MSEK -328 (-302), repairs and maintenance MSEK -45 (-37) as well as expected and confirmed customer losses of MSEK -3 (-12). Property tax amounted to MSEK -53 (-42). Central administration expenses amounted to MSEK -71 (-63) and consisted mainly of group-wide costs. NP3’s investments in associated companies and joint ventures contributed positively to the profit from property management with MSEK 33 (32) and the total share in profits for the period amounted to MSEK 64 (38). For more information on NP3’s investments in associated companies and joint ventures, see page 17. Financial income amounted to MSEK 8 (7). Financial expenses totalled -473 MSEK (-438). Higher costs resulting from a larger loan volume are partly offset by a lower average interest rate compared with the previous year. For more information about NP3's funding, see pages 18 and 19. Seasonal variations Due to seasonal effects, the surplus ratio varies throughout the year. During the winter months, profit is affected mainly by costs relating to electricity, heating and snow removal being high. The contract structure is designed so that tenants are charged an evenly distributed preliminary fee continuously throughout the year, while the actual costs are recognised as incurred which yields a lower surplus ratio during the winter months and higher level during the summer months. Tax Current tax on taxable profit for the period totalled MSEK -72 (-64). 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 -233 (-148) and consisted mainly of changes in differences between market value and tax base on properties and financial instruments. July – September Profit from property management for the third quarter amounted to 355 MSEK (316). Net operating income amounted to MSEK 523 (467), corresponding to a surplus ratio of 82 percent (82). Rental income was MSEK 639 (572). Revenue consisted of rental income of MSEK 583 (526) and service revenue of MSEK 56 (46). Property costs amounted to MSEK -97 (-91), property tax MSEK -18 (-14) and central administration MSEK -21 (-18). NP3's share of associated companies' profit from property management totalled MSEK 15 (12) for the quarter and the total share in profits was MSEK 44 (14). Financial expenses increased to SEK -166 million (-147) as a result of a higher loan volume, which is partly offset by a lower average interest rate. Profit before tax amounted to MSEK 635 (425) and was affected by unrealised changes in value of properties of MSEK 38 (18), realised changes in value of properties of MSEK 0 (19) and unrealised changes in the value of financial instruments amounting to MSEK 213 (70) which is explained by rising market interest rates. Current tax impacted profit for the quarter with MSEK -32 (-24) and deferred tax with MSEK -89 (-62). 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.
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 8 Forecast and earnings capacity Forecast for 2026 For 2026, 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 1,240. The forecast remains unchanged compared with the one published in the interim report for January–June 2026. Definition of earnings capacity Current earnings capacity is not a forecast but to be regarded only as a snapshot, the aim of which is to present revenue and costs on an annual basis given the property portfolio, interest expenses and organisation at a particular point in time. Earnings capacity is based on the coming twelve-month period, on the basis of the property portfolio NP3 owned as of 30 September 2026. 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 repair and maintenance measures during a normal year. Operating costs include property management. • Financial income and expenses have been calculated based on the company's closing average interest rate level and credit portfolio as of 30 September 2026, and have not been adjusted for effects relating to the accrual of borrowing costs, capitalisation of interest expenses, leasing costs and other financial expenses totalling MSEK 12 over the past twelve months. Comment on earnings capacity Compared with the current rental value of MSEK 2,805, the future-oriented adjusted rental value amounted to MSEK 2,773. The major adjustment item was primarily discounts of MSEK -32. Since the beginning of the year, NP3’s net operating income in the earning capacity has increased by 10 percent to MSEK 1,930. Acquisitions and divestments of properties Agreed acquisitions not yet accessed as of 30 September relate to a total of five properties in Östersund, Uddevalla, Karlskoga and Örnsköldsvik, with an annual rental value of MSEK 3, and are expected to contribute profit from property management of MSEK 2. Agreed but not yet vacated divestments of properties as of 30 September relate to one property in Söderhamn with an annual rental value of MSEK 2 are expected to reduce the profit from property management by MSEK 0. Comparisons within brackets relate to the beginning of the year. Current earnings capacity, MSEK 1 Oct 2026 1 Jan 2026 1 Oct 2025 9 months Adjusted rental value 2,773 2,545 2,430 Vacancy -224 -202 -193 Rental income 2,550 2,343 2,237 9% Property costs -548 -520 -508 Property tax -72 -68 -52 Net operating income 1,930 1,756 1,677 10% Central administration -92 -85 -82 Net financial income -616 -557 -555 Profit from property management from associated companies and joint ventures 53 47 42 Profit from property management 1,275 1,161 1,082 10% Profit from property management after preference share dividend 1,135 1,049 970 8% Profit from property manage - ment, SEK/common share 18.41 17.03 15.76 8% Change Profit from property management according to earnings capacity, MSEK 1,400 1,200 1,000 800 600 400 200 0 Q 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 2021 2022 2023 2024 2025 2026 1,275 Förvaltningsresultat, mkr 5 år, CAGR 13 % 1 400 1 200 1 000 800 600 400 200 0 20222021 Utfall 2023 2024 2025 2026 ▼ 5 år, CAGR 13 % Prognos 1,240
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 9 Andersberg 14:43 in Gävle
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Sustainability For NP3, it is important and obvious that sustainability and long-term financial performance go hand in hand. The company has a long-term responsibility, both for the properties it manages and for the people who rent and work in them. By actively working to reduce the company's climate impact and promote social sustainability, NP3 not only creates value for its tenants and owners, but also contributes to a more sustainable society. From the company’s perspective, pleasant and safe workplaces are just as important for NP3’s tenants and suppliers as they are for its employees, as is promoting diversity and equal rights for all. However, the area where NP3 as a company can make the greatest difference is by integrating environmental issues into its daily operations and running the business in a resource-efficient way. The company does this primarily by continuously improving the energy efficiency of its property portfolio and limiting emissions, both through property management and in cooperation with tenants. The company has long-term goals in these areas and works continuously with climate risks to future-proof a resilient property portfolio. This interim report provides follow-up of energy performance improvements and growth within the green property portfolio. Other sustainability objectives are followed up and reported in the company's annual report. 1) With base year 2022. Sustainability targets 10 Improved energy performance Increasing the number of energy-efficient properties is one of NP3's overall goals. For a few years now, the company has intensified this work with the objective of annually improving the energy performance of at least 15 of the properties with the lowest energy-efficiency. This means that the primary energy rating must be improved for 15 buildings that originally have a primary energy rating above 150 to, after a new energy declaration has been completed, be below 150. During the year, eleven buildings have achieved an improved primary energy rating. The weighted average primary energy rating for these eleven properties has improved from 217 to 86, primarily through measures such as replacing ventilation units, installing heat pumps and lighting measures. CLIMATE IMPACT NP3's GHG emissions in scopes 1 and 2 will be reduced by 42% by the year 2030, and scope 3 will be reduced by 25% by 20301). NP3 is to reach net zero by 2045. Targets are validated by SBTi. ENERGY PERFORMANCE By the end of 2033, none of the company’s buildings shall have a primary energy rating exceeding 150 in accordance with BBR29, which means that approximately 15 buildings per year need to be improved, excluding acquisitions. Properties acquired after 2029 must meet the target within 36 months. ENERGY CONSUMPTION NP3's total energy consumption will be reduced by 50% until 2045 compared to 2025, which corresponds to about 2.5% per year. Measured in kWh/sq m in comparable portfolio. GREEN PORTFOLIO By 2033, at least 50% of NP3's property value will be included in the company's green portfolio according to the guidelines for NP3's green framework, which corresponds to growth of approximately 20% per year. Property/ building Location Energy class 30/09/2026 Energy class 31/12/2025 Primary energy rating 30/09/2026 Primary energy rating 31/12/2025 Lastbilen 1 Östersund D F 73 157 Skotet 1 Luleå C F 75 211 Nolgård 1:318 Hammarö C G 74 349 Singeln 18 Umeå B E 66 221 Sågverket 4 Skellefteå E G 101 219 Tönnebro 1:5 Söderhamn E/C G/E 126/94 248/202 Kungsgården 5:3 Östersund E G 122 260 Hågesta 32 Sollefteå D F 113 192 Häggesta 7:122 Bollnäs D F 122 257 Brädgården 3:12 Söderhamn E G 119 229 Vivstamon 1:62 Timrå C E 88 152 Weighted average 86 217
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1) Refers to the beginning of the year. For more details on the company's sustainability work and sustainability reporting, please refer to the sustainability report included in NP3's 2025 annual report, page 39-66. Sustainability Property value green portfolio The company’s Green Finance Framework is aligned with the EU taxonomy and primarily covers the ‘top 15’ properties. The framework determines which properties qualify as green and are therefore eligible for inclusion in the Company's green property portfolio. NP3 has a target of increasing the green property portfolio by 20 percent per year. During the period, the green property portfolio increased from a property value of MSEK 7,600 to MSEK 9,805, see chart on the right. This corresponds to an increase of 29 percent and amounts to 34 percent (29)1) of the total value of the property portfolio. Assets in the company's green portfolio form the basis for green bond loans and green bank financing. Vivstamon 1:51, Timrå Ongoing project to improve the property's energy efficiency and indoor climate by replacing and modernising the property's ventilation units, control equipment and substation. Estimated energy savings: 54% Investment: SEK 1,500,000 Sustainability targets Ongoing initiatives for increased sustainability During the period, the company has intensified its work on climate risks in light of climate change and extreme weather, but also given the analysis requirements in the new green framework which was approved in April 2026. By identifying and managing these risks, the company’s resilience and financial robustness are strengthened. At the same time, preventive measures can be prioritized where they have the greatest impact, enabling more efficient resource allocation while reducing the risk of damage and costly emergency interventions. What matters is not whether the climate is changing, but how that change affects the company’s assets. In parallel, governance and preparedness for climate-related events have also been developed in order to clarify responsibilities and enable rapid, coordinated action. GOOD BUSINESS ETHICS AND ANTICORRUPTION NP3 shall have zero incidents of corruption and the company's codes of conduct shall be followed. HEALTH AND SAFETY NP3 shall have zero accidents involving employees, tenants and suppliers related to the properties. DIVERSITY AND EQUAL OPPORTUNITIES NP3 shall have zero incidents of discrimination. 2022202320242025 2026 Q3 2026 Target 10,000 8,000 6,000 4,000 2,000 0 MSEK 11 Examples of energy projects
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 12 Property portfolio At the end of the period, NP3 owned 685 (633) properties with a total lettable area of 2,595,000 square metres (2,362,000) spread across eight geographic business areas. Of the eight business areas, the holdings in the Sundsvall business area was the largest with 18 percent (18) of the rental value and 16 percent (18) of the market value. The market value of the properties on the balance sheet date totalled MSEK 29,195 (26,087). 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 54 percent (51) of the rental value. Retail was the second largest property category with 21 percent (23) of the rental value. In retail, B2C and B2B are the two largest subcategories. B2C includes properties leased to, for example, discount chains such as Dollar-Store and Rusta. B2B includes large tenants such as Mekonomen, Ahlsell and Swedol. Risk diversification NP3 works continuously to diversify risks through diversification of both the property category and the tenants' sector affiliation. The company's total property portfolio is well diversified in terms of both property categories and industry exposure. Property category shows the nature of the property, while industry exposure shows which sector the company’s rental income is allocated to. The difference is that tenants in a certain sector can rent premises in a number of different categories. This is exemplified by state and municipality, which together accounted for 13 percent (12) of rental income where premises are let in all property categories. A difference can also be seen in the grocery store sector, which in the property categorisation amounted to just over 3 percent (3) of total rental value and to 6 percent (6) 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 industry being the largest one. Rental agreement structure On the balance sheet date, NP3 had 2,840 (2,775) rental agreements. The average remaining lease term for all rental agreements was 4.1 years (4.1). The ten largest tenants in relation to rental value were distributed across 164 rental agreements with an average remaining lease term of 4.5 years (5.3) and they accounted for 13 percent (13) of the rental value. NP3’s exposure to individual tenants is limited, and the largest rental agreement accounts for 0.7 percent of the rental value. At the end of the period, rental value amounted to MSEK 2,805 (2,578) and the contracted annual rent was MSEK 2,581 (2,376). This corresponded to an financial occupancy rate of 92 percent (92). Properties Rental value by property category, % Industrial 54 (51) Retail 21 (23) Offices 10 (10) Logistics 5 (5) Other 10 (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 52 (48) Retail 22 (24) Offices 8 (8) Logistics 7 (8) Other 11 (12) Sundsvall 16 (18) Middle Sweden 16 (11) Östersund 13 (14) Gävle 13 (13) Dalarna 12 (12) Luleå 10 (11) Umeå 10 (11) Skellefteå 10 (10) Sundsvall 18 (18) Middle Sweden 16 (11) Dalarna 12 (13) Östersund 12 (13) Gävle 12 (13) Luleå 11 (11) Umeå 10 (11) Skellefteå 9 (10) Distribution within the retail category, % Industry exposure, % Business-to-consumer (B2C) 47 (47) Business-to-business (B2B) 22 (21) Grocery stores 15 (16) Vehicle dealerships, workshops and inspection facilities 16 (16) Manufacturing and light industry 17 (15) State and municipality 13 (12) Vehicles and workshops 11 (11) Construction and production 10 (10) Industrial and construction supplies 10 (10) Consumer discretionary goods 8 (9) Real estate and finance 7 (8) Groceries and leisure 7 (8) FMCG 6 (6) Other 11 (11) Maturity structure rental agreements Number of rental agreements Rental value Number of rental agreements Rental value, MSEK 500 450 400 350 300 250 200 150 100 50 0 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036- 900 800 700 600 500 400 300 200 100 0 0 100 200 300 400 500 600 700 800 900 0 50 100 150 200 250 300 350 400 450 500 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036- Antal Hyreskontrakt Hyresvärde mkr Förfallostruktur hyresavtal Hyresvärde Antal kontrakt
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 13 Properties NP3's largest tenants by rental value As of 30 Sep 2026 Number of rental agreements Swedish Police Authority 26 The Swedish Fortifications Agency 50 Coop Mitt AB 20 PostNord Sverige AB 11 Möller Bil Sverige AB 9 Swedol AB 11 Granngården AB 14 Assemblin El AB 10 Dagab Inköp & Logistik AB (Axfood) 4 Renta AB 9 Total 164 Total rental value of the ten largest tenants MSEK 357 Average remaining lease term for the ten largest tenants 4.5 years Average remaining lease term for the total contract portfolio 4.1 years Vacating year terminated rental agreements Number Rental value, MSEK 2026 71 56 2027 88 46 2028- 13 9 Total 172 111 Value of vacancies per business area as of 30 Sep 2026 Business area Rental value, MSEK Value of vacancies, MSEK Vacancy rates, % Sundsvall 490 46 9 Middle Sweden 446 36 8 Dalarna 346 29 8 Gävle 341 30 9 Östersund 340 16 5 Luleå 292 14 5 Umeå 289 25 9 Skellefteå 262 28 11 Total 2,805 224 8 Vacancy At the end of the period, the value of vacancies had increased by MSEK 22 compared with the beginning of the year, relating to acquired properties of MSEK 13, occupancy and vacating of rented premises of MSEK 10 and divested properties of MSEK -2. The economic occupancy rate amounted to 92 percent (92). On 30 September, there were signed rental agreements, not yet occupied, with a rental value of MSEK 118. The rental value for terminated rental agreements not yet vacated amounted to MSEK 111, of which MSEK 56 take place during 2026. Net letting, MSEK 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Signed rental agreements 196 201 291 Terminated rental agreements incl. bankruptcies -141 -172 -239 Net 54 30 52 Change in the value of vacancies, MSEK 2026 Jan–Sep 2025 Jan–Sep 2025 whole year Opening value of vacancies 1 Jan 202 172 172 Net change in occupancy 10 22 30 Value of vacancies, acquired properties 13 5 6 Value of vacancies, divested properties -2 -6 -6 Closing value of vacancies 224 193 202 Occupancy rate, % 92 92 92Net letting The value of signed rental agreements for the period amounted to MSEK 196 and included newly signed rental agreements and existing agreements that have been renegotiated. The value of terminated rental agreements including bankruptcies amounted to MSEK -141. The amount includes all agreements that were terminated for vacating premises during the period, those agreements that were terminated as a result of bankruptcies and those rental agreements that were renegotiated during the current period of contracts where the new agreement is recorded under “signed rental agreements”. Net letting for the period amounted to MSEK 54 (30), of which MSEK 6 related to renegotiations. Net letting for the third quarter amounted to 3 MSEK (17). Comparisons within brackets relate to the beginning of the year. Rental value future changes to agreements, MSEK 2026 Jan–Sep 2025 Jan–Sep 2025 whole year Terminated agreements not vacated 111 120 98 -of which acquired 6 - 3 New rentals, not moved into -118 -123 -104 Historical net letting 50 40 30 20 10 0 100 80 60 40 20 0 Rolling 12 monthsQuarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2025 2026 MSEK, quarter MSEK, rolling 12 months 0 20 40 60 80 100 0 10 20 30 40 50 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3 2022 2023 2024 2025 2026 Kvartal Rullande 12
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 14 Properties Property valuation The company’s properties are valued at an assessed market value every quarter. The valuation policy states that at least 90 percent of the total property portfolio be valuated externally during the second and fourth quarters and that other properties are valued internally. During the third quarter of 2026, 9 percent of the property portfolio has been externally valued and 91 percent of the property portfolio has been valued internally. The weighted valuation yield at the end of the period was 7.04 percent (7.08). Method Valuation of the property portfolio is carried out in accordance with IFRS 13 Level 3, and the assessment of fair value is performed using a combination of local price comparison and a yield-based method in the form of discounting projected future cash flows. For a more detailed description of the valuation methodology, see note 10 in the company's annual report for 2025. Outcome The total market value of the company's property portfolio on the balance sheet date was MSEK 29,195. The change in value during the period amounted to MSEK 386, of which MSEK 9 related to realised changes in value and MSEK 378 to unrealised changes in value. Of the unrealised changes in value of MSEK 378 in total, MSEK 349 related to cash flow- related changes, while assumptions regarding changes to valuation yields affected the valuations with MSEK 29. The valuation yield used in valuation on the balance sheet date varied from 5.50 to 9.0 percent and the inflation assumption has been left unchanged at 1.0 percent for 2026 and 2.0 percent for subsequent years. The weighted valuation yield amounted to 7.04 percent (7.08) and the weighted discount rate was 9.08 percent (9.16). Change in the property portfolio During the period, NP3 accessed 53 properties for MSEK 2,028. In addition, MSEK 774 were invested in existing properties and new construction. Of these, MSEK 586 consisted of investments in existing properties in form of tenant adaptations and extension projects, and MSEK 188 of investments in new construction projects. During the period, one property and part of another property were divested and sale completed for MSEK 80. The market value of the properties per square metre increased from the beginning of the year from SEK 11,044 to SEK 11,251 at the end of the period. Sensitivity analysis Change +/- Net operating income, MSEK Change in value, MSEK Profit before tax, MSEK Market value properties 5 percentage points - +/-1,460 +/-1,460 Valuation yield 0.25 percentage points - -996/+1,071 -996/+1,071 Rental income 80 SEK/sqm +/-208 +/-3,1371 +/-3,345 Property costs 20 SEK/sqm -/+52 -/+784¹ -/+836 Occupancy rate 1 percentage point +/-28 +/-424¹ +/-452 1) Change in value provided that the parameter change affects the entire calculation period and is index-linked to annual inflation assumptions. Comparisons within brackets relate to the beginning of the year. Breakdown of the property portfolio as of 30 Sep 2026 Business area Number of properties Area tsqm Rental value, MSEK Property value, MSEK Sundsvall 142 439 490 4,822 Middle Sweden 127 466 446 4,808 Dalarna 80 380 346 3,381 Gävle 96 314 341 3,741 Östersund 65 266 340 3,697 Luleå 59 235 292 2,939 Umeå 60 252 289 2,981 Skellefteå 56 244 262 2,826 Total 685 2,595 2,805 29,195 Key figures property valuation 30/09/2026 31/12/2025 Property value, MSEK 29,195 26,087 Property value SEK/sqm 11,251 11,044 Valuation yield - weighted average, % 7.04 7.08 Discount rate - weighted average, % 9.08 9.16 Inflation assumption year 1 in forecast period, % 1.00 1.00 Inflation assumption remaining forecast period, % 2.00 2.00 Lettable area, tsqm 2,595 2,362 Number of properties 685 633 Properties, change in value MSEK 2026 Jan–Sep 2025 Jan–Sep 2025 whole year Opening value 26,087 23,384 23,384 Acquisitions of properties 2,028 1,239 1,942 Investments in existing properties 586 409 592 Investments in new construction 188 120 189 Divestments of properties -80 -546 -549 Realised changes in value 9 19 23 Unrealised changes in value 378 238 506 Closing value 29,195 24,863 26,087 Acquired properties not accessed 48 139 104 Divested, not vacated properties 16 - -
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 15 Properties Comparisons within brackets relate to the beginning of the year. Ongoing projects (>25 MSEK) Property Location Category Project category Completion time Project budget, MSEK Lettable area, sqm Merkurius 5 Skellefteå Offices Tenant adaptation Q4 -26 124 4,100 Fredriksskans 15:16 Gävle Industrial Tenant adaptation Q4 -26 38 13,910 Skogmur 4:23 Gävle Industrial New construction Q4 -26 27 1,540 Vägverket 2 Falun Retail Tenant adaptation Q1 -27 26 2,420 Högland 7:15 Örnsköldsvik Retail New construction Q2 -27 140 6,170 Ångvälten 8 Östersund Retail New construction Q2 -27 50 2,740 Ingarvsskogen 4 Falun Industrial New construction Q2 -27 26 1,540 Tuna 3:18 Sandviken Industrial New construction Q3 -27 156 9,700 Vävskeden 6 Sundsvall Offices Tenant adaptation Q3 -27 25 1,180 Ingarvsbacken 1 Falun Industrial New construction Q4 -27 28 2,230 Total 640 45,530 Additional annual rental value for the above projects amounts to MSEK 54. Projects NP3's project activities include new construction on the company's development rights as well as development and adaptation of existing properties to optimise space for tenants' activities. In addition, environmental and energy improvement measures are carried out. The aim of the project activity is to increase profit and generate growth by reducing vacancy rates, increasing rental levels, streamlining property costs and creating additional lettable space. The risk related to new construction is mitigated by awaiting signed rental agreements before commencing construction. At the end of the period, NP3's ongoing projects had a total project budget of MSEK 1,058 (1,094), which corresponds to a decrease of 3 percent from the beginning of the year and an increase of 8 percent from the previous quarter. The total project budget varies over time as a result of larger projects being initiated and completed at irregular intervals. Since mid- 2025, the total project budget has increased and is currently assessed to be at a level that is well balanced in terms of both capacity and market conditions. For ongoing projects, the remaining investment amounted to MSEK 476 and the forecasted yield on cost amounted to 7,9 percent after capitalised interest expense and internal project management. During the period, projects corresponding to MSEK 523 were completed at a yield of 8,0 percent. Ångvälten 8, Östersund, Axfood Snabbgross New construction of retail property. Project budget: MSEK 50 Average remaining lease term: 10 years Lettable area: 2,740 sqm Completion time: Q2 2027 Brösta 14:40, Örnsköldsvik, Renta New construction of industrial premises for machinery rental. Project budget: MSEK 29 Average remaining lease term: 7 years Lettable area: 1,300 sqm Completion time: Q2 2026 Example of ongoing projects Example of completed project Key ratios project portfolio 2026 30 Sep 2025 31 Dec Ongoing projects MSEK 1,058 1,094 Remaining investment, MSEK 476 712 Ongoing projects, of which new construction, MSEK 441 514 Remaining investment, of which new construction, MSEK 196 417 Forecasted yield on ongoing projects, % 7.9 7.9
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 16 Transactions During the third quarter, the company accessed nine properties through seven transactions for a total investment of MSEK 160. The properties are located in the company's business areas of Middle Sweden, Dalarna and Sundsvall and have a lettable area of 26,100 square metres and an annual rental value of MSEK 18. In addition, during the third quarter, the company entered into agreements to acquire five properties in Uddevalla, Östersund, Karlskoga and Örnsköldsvik with an underlying property value of MSEK 48, which will be accessed during the fourth quarter. The property has a lettable area of 3,600 square meters and an annual rental value of MSEK 3. During the third quarter, the company entered into an agreement to divest one property in Söderhamn for MSEK 16. The property has a lettable area of 2,000 square meters and an annual rental value of MSEK 2. The transaction is conditional upon a resolution by the municipal council. Properties Transactions Property Municipality Category Area, sqm Rental value, MSEK Occupancy rate*, % Properties accessed Q3 Orsa Kyrkby 19:11 Orsa Industrial 6,396 0.9 33 Vevhuset 5 Trollhättan Industrial 6,206 3.6 75 Kolven 5 Karlstad Industrial 5,776 6.7 92 Frej 1 Vänersborg Industrial 2,515 1.5 100 Långreven 6 Örebro Industrial 2,405 1.8 100 Träsnidaren 9 Örebro Industrial 1,456 0.8 57 Innehållet 9 Eskilstuna Industrial 1,365 2.5 100 Alnö-Nysäter 5:2 & 5:3 Sundsvall Land 0 0.0 0 Total Q3 26,119 17.6 Total Q2 183,326 144.0 Total Q1 23,072 17.8 Total 232,517 179.4 Divested properties completed Q3 Total Q3 0 0.0 0 Total Q2 0 0.0 0 Total Q1 8,100 8.2 77 Total 8,100 8.2 Acquired properties to be accessed Q4 Kuröd 4:45 Uddevalla Industrial 2,261 1.6 100 Rösta 2:33 Krokom Industrial 1,350 1.7 100 Kantverket 3 Östersund Land 0 0.0 0 Brickegården 6:29 Karlskoga Land 0 0.0 0 Själevads Prästbord 1:118 Örnsköldsvik Land 0 0.0 0 Total 3,611 3.3 Divested properties to be vacated Q4 Vråken 8 Söderhamn Offices 1,950 2.4 16 Total 1,950 2.4 *On transaction day
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 17 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 companies and joint ventures contributed MSEK 33 (32) to NP3's profit from property management, and the share of profits was MSEK 64 (38). Fastighetsaktiebolaget Ess-Sierra NP3 owns 50 percent of Fastighetsaktiebolaget Ess-Sierra, the remaining 50 percent are owned by AB Sagax. Ess- Sierra's business consists of owning and managing real estate consisting of warehouses and building materials stores. 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 January to September amounted to MSEK 79 (77) and for the period, Ess-Sierra contributed MSEK 18 (18) to NP3's profit from property management, and the share of profits amounted to MSEK 27 (18). On 30 September, the market value of the properties amounted to MSEK 1,526 (1,505). Fastighets AB Jämtjägaren NP3 owns 50 percent of Fastighets AB Jämtjägaren, the remaining 50 percent are owned by Jämtkraft AB. Jämtjägaren owns three properties in Östersund, consisting of Jämtkraft's head office and operations centre, one office property and one construction right. Rental income for January to September amounted to MSEK 20 (19) and for the period, Jämtjägaren contributed MSEK 7 (7) to NP3's profit from property management, and the share of profits amounted to MSEK 6 (21). On 30 September, the carrying amount of the properties was MSEK 452 (450) and NP3's proportion of equity amounted to MSEK 123 (117). With You Sweden AB NP3 owns 49 percent of the shares in With You Sweden AB, the remaining 51 percent are owned by Olert Holding AB. The With You Sweden group owns 20 properties, primarily for industrial and commercial purposes. The majority of the property portfolio is located in Sundsvall, Umeå and Timrå. Rental income for the period January to September amounted to MSEK 38 (29) and for the period, With You contributed MSEK 8 (6) to NP3's profit from property management, and the share of profits amounted to MSEK 30 (-2) of which MSEK 31 related to changes in property values. On 30 September, the market value of the properties amounted to MSEK 734 (629) and NP3’s proportion of equity amounted to MSEK 125 (94). Cibola Hospitality Group AB NP3 owns 49.9 percent of Cibola Hospitality Group AB. Cibola is responsible for the operation of three hotel facilities that are part of NP3's property portfolio. For the period January to September, Cibola contributed MSEK 1 (1) to NP3’s profit from property management and the share of profits also amounted to MSEK 1 (1). Significant holdings in joint ventures NP3’s share of the profit from associated companies and JV, MSEK Total associated companies and joint ventures Fastighetsaktiebolaget Ess-Sierra 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec NP3’s share capital, % 50 50 50 NP3's share of voting power, % 50 50 50 Proportion of equity 584 508 537 306 291 299 Profit from property management 33 32 42 18 18 25 Change in value of properties 41 17 23 11 6 10 Change in value of financial instruments 7 - - 7 - - Tax -18 -11 -15 -9 -6 -9 Total share of profits 64 38 50 27 18 26
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 18 Funding Comparisons within brackets relate to the beginning of the year. Overall financing structure The company's funding consists of a combination of liabilities to credit institutes, other interest-bearing liabilities and 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 is presented below. Secured loans made up 78 percent (79) and unsecured bond loans, commercial paper loans and promissory note loans 22 percent (21) of total interest-bearing liabilities. The increase in the company's interest-bearing liabilities for the period totalled approximately MSEK 1.9. The increase is mainly attributable to bank financing of acquisitions and project investments of approximately BSEK 1.3 and an increase in bond loans of MSEK 500. During the quarter, there were only minor changes to the company’s funding. Loan-to-value ratio and loan maturity structure The loan-to-value ratio, calculated as net debt MSEK 15,398, in relation to the market value of properties of MSEK 29,195 and investments in associated companies of MSEK 584, totalling MSEK 29,779, amounted to 51.7 percent (51.2) as of 30 September. The company aims to have a loan-to-value ratio of 50–55 percent in relation to the company's target of a maximum of 60 percent. Available liquidity, consisting of liquid assets and unutilised credit facilities, amounted to MSEK 925 as of 30 September. The net debt to EBITDA ratio was 8.3 times (8.1). Interest-bearing liabilities due within twelve months amounted to MSEK 191 (880), comprising bank loans of MSEK 115 with maturity at the end of the year and other interest- bearing liabilities of MSEK 76. At the end of the period, the average loan maturity period amounted to 2.7 years (3.0) with maturities distributed as shown in the table below. Average interest rate and interest maturity structure Average interest rate for the company’s interest-bearing liabilities amounted to 3.85 percent (3.95). 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 1.8 years (1.9), and 51 percent (54) 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 10,075. The derivative portfolio includes interest rate derivatives of MSEK 2,000, which are not included in the company's interest rate hedging portfolio and thus not in Capital tied up and fixed interest rate (bank, commercial paper and bond loans) as of 30 Sep 2026 Loan maturity profile Fixed interest rate Amount, MSEK Average interest rate, total debt portfolio, % Fixed interest rate, maturity interval, % Maturity Amount, MSEK Proportion, % Loan Interest rate derivatives Loan Interest rate derivatives1) Total Interest rate derivatives -12 months 565 4 15,880 2,900 3.71 -0.01 3.71 2.02 1–2 years 3,337 21 975 0.00 0.00 2.10 2–3 years 5,518 35 550 -0.01 -0.01 1.70 3–4 years 5,750 36 3,250 0.07 0.07 2.37 4–5 years 678 4.3 1,400 0.04 0.04 2.44 5–10 years 31 0.2 1,000 0.05 0.05 2.84 Total/average 15,880 100 15,880 10,075 3.71 0.14 3.85 2.26 Capital structure, % Bank loans 40 (41) Equity 38 (39) Bond loans 7 (6) Deferred tax 6 (6) Commercial paper loans 4 (4) Other liabilities 5 (4) 1) Refers to the difference between fixed interest rate and Stibor 3M according to maturity structure for the fixed interest rate component of the derivatives. Summary - net debt 2026 30 Sep 2025 31 Dec MSEK Bank loans 12,524 11,215 Secured interest-bearing liabilities 12,524 11,215 Bond loans 2,150 1,650 Commercial paper loans 1,206 1,090 Other interest-bearing liabilities 153 155 Unsecured interest-bearing liabilities 3,509 2,895 Accrued borrowing expenses -51 -51 Total interest-bearing liabilities 15,981 14,059 Cash and cash equivalents, incl. current investments -584 -434 Net debt 15,398 13,625
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 19 Funding Comparisons within brackets relate to the beginning of the year. Listed bond loans as of 30 Sep 2026 Term Programme1) Amount outstanding, MSEK Interest, % Interest rate terms, % Interest rate floor Maturity date Green bond loan 2024/2027 MTN programme 450 5.64 Stibor 3M + 3.752) No 21/08/2027 Yes 2024/2028 MTN programme 400 4.35 Stibor 3M + 2.45 3) No 03/01/2028 Yes 2025/2028 MTN programme 400 4.21 Stibor 3M + 2.15 No 03/12/2028 Yes 2026/2029 MTN programme 500 4.07 Stibor 3M + 2.00 No 21/06/2029 Yes 2026/2030 MTN programme 400 4.18 Stibor 3M + 2.15 No 25/08/2030 Yes 1) Framework amount of BSEK 5. 2) Of which MSEK 150 are issued at a rate of 101.461%, corresponding to a floating rate of Stibor (3 months) plus 3.25 percentage points to the first possible redemption date. 3) Of which MSEK 100 are issued at a rate of 100.808%, corresponding to a floating rate of Stibor (3 months) plus 2.15 percentage points to the first possible redemption date. the calculation of the company's interest rate hedging ratio and average fixed interest period. These categories of interest rate derivatives either have a limitation on the upward protection of interest rates or are callable by the counterparty and constitute a complement to the interest rate hedging portfolio in order to reduce the company's interest expenses in a volatile market. Swap contracts (derivatives) are assessed at fair value and are classified in level 2 in accordance with IFRS 13. The total market value of derivatives amounted to MSEK 144 (-19) on the balance sheet date. Variations in the change in value of derivatives between quarters are mainly reflected by changes in differences between expectations of future interest rate levels and the fixed interest rate of the derivatives at the end of the quarters with the associated contract length. The net effect of changes in value for the period amounted to MSEK 163. The average net interest rate for the company's derivative portfolio, including its Stibor effect, was 0.21 percent (0.25) as of 30 September. The average fixed income period for the interest rate hedging portfolio was 3.3 years, which in turn contributed to an average fixed interest period for the entire debt portfolio of 1.8 years. The table below shows a summary of the company's interest rate derivatives portfolio. Funding 2026 30 Sep 2025 31 Dec Bank loans, MSEK 12,524 11,215 Commercial paper loans, MSEK 1,206 1,090 Bond loans, MSEK 2,150 1,650 Interest coverage ratio, rolling 12, multiple 2.9 2.8 Average interest rate, % 3.85 3.95 Cash and cash equivalents, MSEK 392 291 Loan-to-value ratio, % 51.7 51.2 Equity/assets ratio, % 38.2 38.9 Average loan maturity period, years 2.7 3.0 Average fixed interest period, years 1.8 1.9 Proportion of interest-hedged loan portfolio, % 50.9 54.5 Net debt to EBITDA ratio, multiple 8.3 8.1 Overview - interest rate derivatives portfolio MSEK Nominal amount Remaining term, years Average fixed interest rate, % Market value Interest rate hedging portfolio 8,075 3.3 2.24 160 Callable interest rate derivatives1) 1,500 7.2 2.17 -13 Performance swaps2) 500 2.0 2.83 -4 Total derivative portfolio 10,075 3.9 2.26 144 1) Callable swaps for the counterparty starting in the period 8 August to 5 December 2024, and thereafter quarterly on settlement dates up to the period from 8 November 2033 to 5 March 2034. The remaining term above does not reflect any early closing of the swaps. 2) The knock-in level for limiting the interest rate hedging is 3.0%. If this level is met or exceeded for Stibor 3M, the swap will mature temporarily without any flows, i.e. the net effect is SEK 0. Average interest rate level 30 Sep 2026 30 Sep 202631 Dec 202531 Dec 2025 800 700 600 500 400 300 200 100 0 -100 -200 -300 Basis points 385395 201196 143 190 -130 202 -130 187 169 147 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
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 20 Summary report, MSEK 30/09/2026 30/09/2025 31/12/2025 Assets Investment properties 29,195 24,863 26,087 Right-of-Use assets 186 168 172 Participations in associated companies and joint ventures 584 508 537 Derivatives 144 - - Other fixed assets 75 115 106 Total fixed assets 30,184 25,655 26,901 Other current assets excluding cash and cash equivalents 421 380 351 Cash and cash equivalents 392 373 291 Total current assets 813 753 642 Total assets 30,997 26,408 27,543 Equity and liabilities Equity 11,833 10,239 10,710 Deferred tax 1,909 1,584 1,682 Long-term interest-bearing liabilities 15,097 12,965 13,015 Long-term interest-bearing lease liabilities 186 168 172 Derivatives - 63 19 Total long-term liabilities and provisions 17,193 14,780 14,888 Current interest-bearing liabilities 884 483 1,044 Other current liabilities 1,087 907 901 Total current liabilities 1,971 1,390 1,945 Total equity and liabilities 30,997 26,408 27,543 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 01/01/2025 363 4,036 5,042 9,440 128 9,568 Comprehensive income for the period Jan–Sep 2025 - - 812 812 4 816 Dividends - - -432 -432 0 -433 New issue of common and preference shares 49 345 - 394 - 394 Issue expenses - -8 - -8 - -8 Premium paid when issuing warrants - 3 - 3 - 3 Change in holdings without controlling influence - - - 0 -100 -100 Total transactions with shareholders 49 340 -432 -43 -100 -143 Closing equity 30/09/2025 412 4,376 5,421 10,209 32 10,239 Comprehensive income for the period Oct-Dec 2025 - - 464 464 7 470 Closing equity 31/12/2025 412 4,375 5,885 10,672 38 10,710 Comprehensive income for the period Jan–Sep 2026 - - 1,239 1,239 6 1,245 Dividends - - -535 -535 0 -535 New issue of common and preference shares 49 372 - 421 - 421 Issue expenses - -10 - -10 - -10 Premium paid when issuing warrants - 3 - 3 - 3 Total transactions with shareholders 49 364 -535 -122 0 -122 Closing equity 30/09/2026 461 4,739 6,589 11,789 44 11,833 As of 30 Sep 2026, NP3's share capital consists of 61,634,607 common shares and 70,000,000 preference shares.
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 21 Summary report, MSEK 2026 9 months Jan–Sep 2025 9 months Jan–Sep 2026 3 months Jul–Sep 2025 3 months Jul–Sep 2025 12 months Jan–Dec Operating activities Profit from property management 934 832 355 316 1,104 Profit from property management from associated companies and joint ventures -33 -32 -15 -12 -42 Dividend received from associated companies and joint ventures 20 10 20 - 10 Other non-cash items -8 10 7 10 12 Tax paid -59 -62 2 -4 -79 Cash flow from operating activities before changes in working capital 854 757 369 310 1,005 Increase (+)/Decrease (-) in operating receivables 77 -79 86 -65 10 Increase (+)/Decrease (-) in operating liabilities -72 -91 31 -40 12 Cash flow from operating activities 859 588 486 205 1,027 Investment activities Acquisitions of properties -2,008 -1,114 -153 -502 -1,818 Divested properties 73 536 - 460 539 Investments in existing properties and other fixed assets -586 -408 -219 -167 -592 Investments in new construction -188 -120 -38 -48 -189 Investments in financial assets -84 -126 -51 -60 -182 Divestment of financial assets 66 129 66 125 129 Change in holdings without controlling influence - -100 - - -100 Cash flow from investment activities -2,726 -1,205 -395 -191 -2,213 Financing activities New issue 414 389 3 3 389 Borrowings 2,456 1,281 290 331 2,088 Amortisation of borrowings -533 -516 -142 -64 -727 Dividend paid -369 -262 -134 -108 -370 Cash flow from financing activities 1,968 892 18 162 1,379 Cash flow for the period 100 275 108 176 194 Cash and cash equivalents at the beginning of the period 291 97 284 197 97 Cash and cash equivalents at the end of the period 392 373 392 373 291 Financial position and cash flow Comparisons in brackets refer to balance sheet items at the beginning of the year. For cash flow items, the comparative figures refer to the corresponding period of the previous year. The market value of the properties was MSEK 29,195 (26,087) at the end of the period, an increase of MSEK 3,108 since the beginning of the year, which is explained by project investments, property acquisitions, changes in value and divested properties. Closing cash and cash equivalents were MSEK 392 (291). Equity has been affected by net profit, new issues as well as dividend, and amounted to 11,833 MSEK (10,710). Accrued borrowing expenses have reduced interest-bearing liabilities in the balance sheet by MSEK 51 (51). Long-term interest-bearing liabilities after adjustment for accrued borrowing expenses amounted to MSEK 15,097 (13,015). Interest-bearing current liabilities amounted to MSEK 884 (1,044) where MSEK 450 related to bond loans, MSEK 358 related to maturities and repayments of bank loans within twelve months, and MSEK 76 to maturities of promissory note liabilities within twelve months. At the end of the period, the company's interest rate derivatives had a surplus value of MSEK 144 (-19). The loan-to-value ratio amounted to 52 percent (51) and the equity/assets ratio to 38 percent (39). The company's net debt to EBITDA ratio on the balance sheet date was 8.3 times (8.1). For more information on the company's interest-bearing liabilities, see pages 18 and 19. Cash flow from operating activities amounted to MSEK 859 (588). Acquisitions of properties affected cash flow by MSEK -2,008 (-1,114), and sales of properties contributed MSEK 73 (536). Investments in existing properties and new construction totalled MSEK -774 (-528). Cash flow from financing activities amounted to 1,968 MSEK (892) and consists of new issue, net borrowing and dividend paid in cash. Overall, cash and cash equivalents changed by MSEK 100 (275) during the period. Consolidated statement of cash flows
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 22 Income statement - summary report, MSEK 2026 9 months Jan–Sep 2025 9 months Jan–Sep 2026 3 months Jul–Sep 2025 3 months Jul–Sep 2025 12 months Jan–Dec Net sales 61 51 57 51 81 Operating expenses -99 -89 -32 -29 -130 Operating profit/loss -37 -38 25 22 -49 Net financial income 112 183 167 128 246 Profit/loss after financial items 75 144 192 149 197 Appropriations - - - - 55 Profit before tax 75 144 192 149 252 Tax on profit for the period - - - - - Net profit 75 144 192 149 252 Balance sheet - parent company, MSEK 30/09/2026 30/09/2025 31/12/2025 Intangible assets 4 5 5 Participations in group companies 1,288 684 698 Non-current receivables group companies 8,046 6,806 7,374 Other financial assets 43 71 75 Total fixed assets 9,381 7,566 8,152 Current receivables group companies 3,401 3,969 3,813 Other current receivables 235 132 172 Cash and cash equivalents 214 311 165 Total current assets 3,850 4,412 4,150 Total assets 13,231 11,978 12,302 Restricted equity 461 412 412 Unrestricted equity 2,882 2,872 2,981 Total equity 3,343 3,284 3,393 Untaxed reserves 20 20 19 Long-term interest-bearing liabilities 8,949 8,061 8,132 Total long-term liabilities and provisions 8,969 8,081 8,151 Current interest-bearing liabilities 560 281 570 Other liabilities 359 332 188 Total current liabilities 919 613 758 Total equity and liabilities 13,231 11,978 12,302 Comment on the parent company The parent company’s revenue consists mainly of costs passed on to subsidiaries and financial revenue in the form of dividends and interest income. Costs consist of central administration costs and financial costs such as interest and accrued borrowing expenses. The parent company’s balance sheet consists mainly of participations in wholly-owned subsidiaries and receivables from those, as well as equity and interest-bearing liabilities. Income statement - parent company
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 23 Segment reporting MSEK 9 months Sundsvall Gävle Dalarna Östersund Umeå Skellefteå Luleå Middle Sweden Not distributed costs Total group Jan–Sep 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Rental income and other revenue 346 337 259 228 251 239 256 234 214 194 198 191 221 218 275 183 -3 -0 2,016 1,823 Vacancy -33 -38 -19 -21 -20 -19 -11 -10 -18 -12 -20 -17 -11 -8 -19 -13 0 - -151 -136 Repairs and maintenance -10 -7 -5 -4 -4 -5 -7 -4 -5 -7 -4 -2 -6 -4 -4 -3 0 -0 -45 -37 Property upkeep and operation -67 -64 -35 -27 -46 -45 -44 -41 -38 -36 -31 -32 -36 -36 -33 -24 2 3 -328 -302 Property tax -7 -6 -8 -6 -5 -5 -5 -5 -7 -5 -6 -5 -7 -6 -8 -4 0 - -53 -42 Customer losses -1 -0 0 -0 -2 -9 0 -2 0 1 1 -0 0 -0 -1 -0 0 - -3 -12 Net operat- ing income 227 220 193 170 173 156 189 173 146 134 138 135 161 164 210 139 -1 3 1,436 1,293 Surplus ratio, % 73 74 80 82 75 71 77 77 74 74 78 78 77 78 82 82 77 77 Number of properties 142 137 96 92 80 79 65 64 60 56 56 54 59 58 127 65 685 605 Lettable area, tsqm 439 431 314 310 380 373 266 259 252 237 244 244 235 231 466 195 2,595 2,281 Rental value 490 455 341 319 346 337 340 315 289 266 262 255 292 281 446 216 2,805 2,444 Occupancy rate,1)% 91 90 93 90 92 92 95 96 91 94 89 92 95 95 92 90 92 92 Property value 4,822 4,550 3,741 3,347 3,381 3,221 3,697 3,553 2,981 2,626 2,826 2,617 2,939 2,737 4,808 2,212 29,195 24,863 1) Calculated on current rental value on the balance sheet date. Although the surplus ratio during the first months of the year was negatively affected by the cold weather, it continues to be at the same level for the company as last year. In the northern part of the holdings, however, the surplus ratio in the first six months was positively affected by relatively little snowfall. The Sundsvall business area remains the company's largest business area in terms of rental value and the economic occupancy rate has improved during the period. In Gävle, the economic occupancy rate has improved compared with the previous year and the market situation in the business area is generally positive. The market situation in Dalarna remains stable with an unchanged economic occupancy rate compared with the corresponding period last year. The Östersund business area has a high economic occupancy rate and a continued strong rental market. Umeå is also seeing a stable rental market with good demand. However, a major move-out at the end of 2025 has had a negative effect on the economic occupancy rate between periods. The occupancy rate in Skellefteå has fallen compared with last year. New rental agreements with occupancy at the end of 2026 were, however, signed for 25 percent of the economic vacancy at the end of the period. Major industrial investments in the Luleå business area have resulted in increased demand for premises. For the company, Luleå has a high average rental value and a high economic occupancy rate. Following the acquisitions during the second quarter in the Skaraborg and Trestad regions, the Middle Sweden business area now has a large geographical spread, as Västerås, Eskilstuna, Karlstad and Örebro are also included in the business area since previously. Segment reporting in summary
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 24 NP3 has two classes of shares, common shares and preference shares, which are listed on Nasdaq Stockholm Large Cap. On 30 September, the company had 15,297 (12,250) shareholders. The total number of outstanding shares at the end of the accounting period was 131,634,607 shares, divided into 61,634,607 common shares and 70,000,000 preference shares. In March, the company, with the support of the issue authorisation received at the Annual general meeting on 7 May 2025, carried out a private placement of 1.25 million preference shares to two creditors as a result of a share acquisition. The subscription price of SEK 31.00 per preference share was paid by offsetting claims on NP3. In May, the company, with the support of the issue authorisation received at the Annual general meeting on 6 May 2026, carried out another private placement of 12.75 million preference shares at a price of SEK 30.00 per share. In addition, the company, as a result of a decision for a three-year incentive program made at the company's Annual general meeting in May 2023, issued 58,813 common shares during the month of June. The share price for common shares was SEK 222.00 (251.50) at the end of the accounting period, which is equivalent to a market value of MSEK 13,683 (15,488). In addition, there are preference shares with a share price that amounted to SEK 29.40 (30.80) at the end of the accounting period, which is equivalent to a market value of MSEK 2,058 (1 725). Total market value as of 30 September amounted to MSEK 15,741 (17,212). The highest price paid for the common share during the twelve-month period 1 October 2025 to 30 September 2026 amounted to SEK 293.00 and was quoted on 29 May 2026. The lowest price paid for the period was recorded on 30 September 2026 at SEK 221.50. The volume-weighted average price of the common share for the twelve-month period amounted to SEK 259.55 (250.40). Long-term net asset value reflecting long-term net asset reduced by preference capital and non-controlling interest amounted to MSEK 11,349 (10,090), which is equivalent to SEK 184.13 per common share (163.85). The share price at the end of the period was 143 percent (183) of equity per common share and 121 percent (153) 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 tax Closing price common share Stock price/profit from property management per common share, rolling twelve months 1) Source: Compiled and processed data from Monitor by Modular Finance AB. Jan–Dec, MSEK 2025 2024 2023 2022 2021 Profit from property management 1,104 879 744 785 661 Current tax -83 -75 -68 -55 -44 Profit from property management after current tax 1,021 804 676 730 617 Dividend 5341) 4332) 3993) 363 310 Distribution in percent of profit from property management after current tax 52% 54% 59% 50% 50% 1) Represents an approved dividend of SEK 6.40 per common share and SEK 2.00 per preference share. Of the reported amount, MSEK 28 relate to additional dividends on newly issued common and preference shares. 2) Of the reported amount, MSEK 28 relate to additional dividends on newly issued common and preference shares. 3) Of the reported amount, MSEK 8 relate to additional dividends on newly issued common and preference shares. Additionally includes 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 SEK 2.00 per preference share were paid. NP3 volume 1000s/month (trading Nasdaq) NP3 closing price/total return OMX Stockholm GI OMX Real Estate GI NP3’s total return compared with Nasdaq Stockholm’s total return index1) NP3 volume 1000s/month (trading Nasdaq) NP3 closing price Carnegie Fastighetsindex NP3's price development compared to Carnegie Real Estate Index 1) Stock price/profit from property management per common share SEK 400 350 300 250 200 150 100 50 0 35 30 25 20 15 10 5 0 Volume 1000s Closing price, SEK 30/09/202531/10/202530/11/202531/12/202531/01/202628/02/202631/03/2026 30/06/202631/07/202631/08/202630/09/202631/05/202630/04/2026 30/09/202531/10/202530/11/202531/12/202531/01/202628/02/202631/03/2026 30/06/202631/07/202631/08/202630/09/202631/05/202630/04/2026 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 0 Volume 1000s Closing price, SEK 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 50,00 100,00 150,00 200,00 250,00 300,00 350,00 0,00 200,00 400,00 600,00 800,00 1000,00 1200,00 1400,00 1600,00 1800,00 2000,00 2200,00 2025-09-30 2025-10-31 2025-11-30 2025-12-31 2026-01-31 2026-02-28 2026-03-31 2026-04-30 2026-05-31 2026-06-30 2026-07-31 2026-08-31 2026-09-30 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 2025-09-30 2025-10-31 2025-11-30 2025-12-31 2026-01-31 2026-02-28 2026-03-31 2026-04-30 2026-05-31 2026-06-30 2026-07-31 2026-08-31 2026-09-30 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 2025Q4 2026Q1 2026Q2 2026Q3 ggrkr Q3 2016 Q3 2017 Q3 2018 Q3 2019 Q3 2020 Q3 2021 Q3 2022 Q3 2023Q3 2024Q3 2025Q3 2026 Multiple
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 25 The NP3-share Shareholder structure as of 30 Sep 2026 1) Size of holdings Number of shareholders Votes per share, % 1 – 500 9,984 0.7 501 – 1,000 1,499 0.5 1,001 – 2,000 1,281 0.6 2,001 – 5,000 1,195 1.1 5,001 – 10,000 586 1.2 10,001 – 50,000 583 4.1 50,001 – (incl. unknown size of holdings) 169 91.8 Total 15,297 100 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 2026 30 Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Common share 222.00 251.50 328 486 19 22 12.3 13.6 Preference share 29.40 30.80 278 209 71 90 5.5 5.3 Swedish private individuals 43 (34) Swedish institutional owners 22 (21) Foreign institutional owners 8 (9) Others 27 (36) Sweden 90 (89) USA 4 (4) Denmark 2 (3) Norway 1 (1) Others 3 (3) Owner categories, proportion of share capital 1), % Breakdown by country 1), % 1) Source: Monitor by Modular Finance AB. Figures in brackets relate to holdings and votes at the beginning of 2026. Shareholders as of 30 Sep 2026 1) Number of common shares Number of preference shares Participating interest, % Votes per share, % AB Sagax 13,200,000 5,435,000 14.2 (15.1) 20.0 (20.3) Avanza Pension 154,525 10,502,252 8.1 (5.4) 1.8 (1.4) Bäckarvet Holding AB 7,429,863 570,437 6.1 (6.8) 10.9 (11.1) Inga Albertina Holding AB 7,474,263 26,900 5.7 (6.4) 10.9 (11.1) Patrik Brummer - 4,166,666 3.2 (3.5) 0.6 (0.6) Lannebo Kapitalförvaltning 3,686,652 - 2.8 (3.1) 5.4 (5.5) Länsförsäkringar Fonder 3,299,981 - 2.5 (3.3) 4.8 (5.8) Danske Invest 1,696,234 800,000 1.9 (3.1) 2.6 (2.9) Sensor Fonder - 2,243,000 1.7 (1.9) 0.3 (0.3) Fourth AP fund 1,878,801 - 1.4 (1.4) 2.7 (2.5) Cliens Kapitalförvaltning 1,875,541 - 1.4 (0.8) 2.7 (1.3) Vanguard 1,473,965 208,936 1.3 (1.4) 2.2 (2.2) Handelsbanken Liv Försäkring AB 629,556 961,786 1.2 (1.3) 1.1 (1.1) Carnegie Fonder 1,498,283 - 1.1 (1.0) 2.2 (1.8) Håkan Östlund 1,041,600 416,640 1.1 (1.2) 1.6 (1.6) Agenta Investment Management 87,540 1,350,000 1.1 (0.4) 0.3 (0.3) Atlant Fonder - 1,207,936 0.9 (1.1) 0.2 (0.2) Nordnet Pensionsförsäkring 58,007 1,102,692 0.9 (1.1) 0.2 (0.2) SEB Funds 1,119,362 - 0.9 (1.2) 1.6 (2.1) Swedbank Robur Funds 1,032,761 - 0.8 (0.8) 1.5 (1.3) Total 20 largest shareholders 47, 636,934 28,992,245 58.2 (60.5) 73.6 (73.8) Other shareholders 13,997,673 41,007,755 41.8 (39.5) 26.4 (26.2) Total number of shares 61,634,607 70,000,000 100.0 100.0
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 26 Income statement, MSEK 2026 3rd quarter Jul–Sep 2026 2nd quarter Apr–Jun 2026 1st quarter Jan–Mar 2025 4th quarter Oct–Dec 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 Rental income 639 621 606 588 572 564 551 523 491 Property costs -97 -113 -166 -133 -91 -107 -154 -113 -74 Property tax -18 -18 -17 -23 -14 -14 -14 -12 -12 Net operating income 523 490 422 432 467 443 383 398 404 Central administration -21 -25 -25 -28 -18 -25 -20 -25 -15 Result from associated companies and joint ventures 44 10 9 12 14 16 8 5 8 Net financial income -163 -157 -145 -142 -145 -148 -139 -136 -145 Profit/loss after financial items 384 318 262 274 318 287 232 242 252 -of which profit from property management 355 318 260 272 316 281 235 250 253 Changes in value of properties 38 226 123 271 37 120 101 121 45 Changes in value of financial instruments 213 -101 89 44 70 -143 7 139 -158 Profit before tax 635 442 473 589 425 264 340 502 139 Current tax -32 -21 -19 -19 -24 -21 -19 -25 -20 Deferred tax -89 -67 -77 -99 -62 -40 -46 -112 -9 Net profit1) 514 354 376 471 339 203 274 364 110 Comprehensive income relating to the parent company’s shareholders 514 354 372 464 339 200 272 365 109 Comprehensive income relating to non-controlling interest 0 1 4 7 0 2 2 -1 1 1) Net profit is consistent with the comprehensive net profit. Financial position, MSEK 2026 30 Sep 2026 30 Jun 2026 31 Mar 2025 31 Dec 2025 30 Sep 2025 30 Jun 2025 31 Mar 2024 31 Dec 2024 30 Sep Investment properties 29,195 28,740 26,595 26,087 24,863 24,465 23,708 23,384 21,127 Right-of-Use assets 186 181 181 172 168 168 163 147 145 Participations in associated companies and joint ventures 584 559 549 537 508 494 487 479 537 Derivatives 144 - 56 - - - 27 19 - Other fixed assets 75 122 110 106 115 135 106 84 53 Other current assets excl. cash and cash equivalents 421 460 429 351 380 409 419 393 329 Cash and cash equivalents 392 284 426 291 373 197 313 97 287 Total assets 30,997 30,346 28,346 27,543 26,408 25,868 25,224 24,604 22,477 Equity 11,833 11,316 11,125 10,710 10,239 9,897 9,842 9,568 8,990 Deferred tax 1,909 1,820 1,753 1,682 1,584 1,539 1,499 1,453 1,329 Interest-bearing liabilities 15,981 15,833 14,482 14,059 13,448 13,084 12,962 12,587 11,149 Lease liabilities 186 181 181 172 168 168 163 147 145 Derivatives - 58 - 19 63 139 - - 128 Non-interest bearing liabilities 1,087 1,138 805 901 907 1,041 757 849 736 Total equity and liabilities 30,997 30,346 28,346 27,543 26,408 25,868 25,224 24,604 22,477 Quarterly summary Net operating income by quarter Profit from property management by quarter Profit from property management Profit from property management, % of rental income Rental income by quarter 1 2 3 4 1 2 3 1 2 31 2 3 4 1 2 3 4 Q 1 2 3 4 2022 2023 2025 2026 20262024 700 600 500 400 300 200 100 0 MSEK % 400 350 300 250 200 150 100 50 0 60 50 40 30 20 10 0 MSEK Q 1 2 3 4 2022 2025 1 2 3 4 1 2 3 4 1 2 3 4 2023 2024 0 100 200 300 400 500 600 700mkr Hyresintäkter per kvartal Net operating income Surplus ratio, % 1 2 3 2026 Q 1 2 3 4 2022 2025 600 500 400 300 200 100 0 MSEK % 90 80 70 60 50 40 30 20 10 0 1 2 3 4 1 2 3 4 1 2 3 4 2023 2024 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 0 100 200 300 400 500 600mkr Driftsöverskott per kvartal Driftsöverskott Överskottsgrad % 0% 10% 20% 30% 40% 50% 60% 0 50 100 150 200 250 300 350 400mkr Förvaltningsresultat Förvaltningsresultat %
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 27 Key ratios 2026 9 months Jan–Sep 2025 9 months Jan–Sep 2026 3 months Jul–Sep 2025 3 months Jul–Sep 2025 whole year Jan–Dec Property-related key ratios Number of properties at the end of the period 685 605 685 605 633 The properties’ lettable area, tsqm 2,595 2,281 2,595 2,281 2,362 Investment properties, MSEK 29,195 24,863 29,195 24,863 26,087 Property value, SEK/sqm 11,251 10,900 11,251 10,900 11,044 Rental value, MSEK 2,805 2,444 2,805 2,444 2,578 Financial occupancy rate, % 92 92 92 92 92 Surplus ratio, % 77 77 82 82 76 Yield , % 6.9 7.2 6.9 7.2 7.0 Financial key ratios Return on equity, common share, % 17.5 13.3 17.5 13.3 14.1 Return on equity, % 15.5 12.2 15.5 12.2 12.8 Return on equity, before tax, % 19.4 15.8 19.4 15.8 16.1 Return on equity from the profit from property management, % 10.9 11.1 10.9 11.1 11.0 Debt/equity ratio, multiple 1.3 1.3 1.3 1.3 1.3 Net debt to EBITDA ratio, multiple 8.3 8.0 8.3 8.0 8.1 Interest coverage ratio, rolling 12, multiple 2.9 2.8 2.9 2.8 2.8 Loan-to-value ratio, % 51.7 51.1 51.7 51.1 51.2 Equity/assets ratio, % 38.2 38.8 38.2 38.8 38.9 Average interest rate, % 3.85 4.12 3.85 4.12 3.95 Average loan maturity period, years 2.7 2.9 2.7 2.9 3.0 Average fixed interest period, years 1.8 2.0 1.8 2.0 1.9 Proportion of interest-hedged loan portfolio, % 50.9 54.2 50.9 54.2 54.5 Key ratios per common share Number of shares at the end of the period, thousands 61,635 61,581 61,635 61,581 61,581 Weighted average number of shares, thousands 61,603 61,570 61,635 61,581 61,573 Equity, SEK 155.49 137.11 155.49 137.11 144.18 Long-term net asset value, SEK 184.13 163.85 184.13 163.85 171.81 Profit from property management, SEK 13.67 12.37 5.19 4.68 16.33 Profit after tax, SEK 18.63 12.04 7.77 5.05 19.12 Dividend, SEK - - - - 6.40 Share price at the end of the period, SEK 222.00 251.50 222.00 251.50 259.00 Key ratios per preference share Number of shares at the end of the period, thousands 70,000 56,000 70,000 56,000 56,000 Equity, SEK 31.50 31.50 31.50 31.50 32.00 Earnings, SEK 1.50 1.50 0.50 0.50 2.00 Dividend, SEK - - - - 2.00 Share price at the end of the period, SEK 29.40 30.80 29.40 30.80 31.20 For reconciliation of key ratios and definitions, see pages 28-29.
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 28 MSEK 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Net debt 15,398 12,972 13,625 Net operating income, future-orientated 12 months acc. to earnings capacity 1,930 1,677 1,756 Central administration costs, rolling 12 months -99 -88 -91 Dividends from associated companies and joint ventures, rolling 12 months 20 23 10 Adjusted net operating income 1,831 1,612 1,675 Net debt to EBITDA ratio, multiple 8.3 8.0 8.1 Profit from property management, rolling 12 months 1,206 1,081 1,104 Add-back of profit from property managementassociated companies and joint ventures, rolling 12 months -43 -45 -42 Dividends from associated companies and joint ventures, rolling 12 months 20 23 10 Financial expenses, rolling 12 months 617 581 582 Adjusted profit from property management 1,800 1,627 1,654 Interest coverage ratio, rolling 12 months, multiple 2.9 2.8 2.8 Net debt 15,398 12,972 13,625 Market value properties 29,195 24,863 26,087 Participations in associated companies and joint ventures 584 508 537 Loan-to-value ratio, % 51.7 51.1 51.2 Equity according to financial position 11,833 10,239 10,710 Balance sheet total 30,997 26,408 27,543 Equity/assets ratio, % 38.2 38.8 38.9 Equity according to financial position 11,833 10,239 10,710 Deduction preference capital -2,205 -1,764 1,792 Deduction non-controlling interest -45 -32 -39 Number of shares at the end of the period, thousands 61,635 61,581 61,581 Equity, SEK/common share 155.49 137.11 144.18 Equity according to financial position 11,833 10,239 10,710 Deduction preference capital -2,205 -1,764 1,792 Deduction non-controlling interest -45 -32 -39 Add-back derivatives -144 63 19 Add-back deferred tax 1,909 1,584 1,682 Number of shares at the end of the period, thousands 61,635 61,581 61,581 Long-term net asset value, SEK/common share 184.13 163.85 171.81 Profit from property management 934 832 1,104 Deduction of preference shareholders' preferential right to dividend, paid during the year -92 -70 -98 Average number of common shares, thousands 61,603 61,570 61,573 Profit from property management, SEK/ common share 13.67 12.37 16.33 Reconciliation of key ratios MSEK 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Interest-bearing liabilities 15,981 13,448 14,059 Current investments -192 -104 -142 Cash and cash equivalents -392 -373 -291 Net debt 15,398 12,972 13,625 Profit after tax, relating to shareholders in the parent company. 1,239 812 1,276 Deduction of preference shareholders' preferential right to dividend, paid during the year -92 -70 -98 Profit after tax reduced by holders of preference shares’ right to dividend 1,147 742 1,177 Average number of common shares, thousands 61,603 61,570 61,573 Profit after tax, SEK/common share 18.63 12.04 19.12 Rental income 1,865 1,686 2,274 Net operating income 1,436 1,293 1,725 Surplus ratio, % 77 77 76 Net operating income, rolling 12 months 1,868 1,691 1,725 Average market value of properties 27,096 23,510 24,502 Yield , % 6.9 7.2 7.0 Profit after tax, relating to shareholders in the parent company, rolling 12 months 1,703 1,177 1,276 Deduction of preference shareholders' preferential right to dividend, paid rolling 12 months -120 -89 -98 Average equity after settlement of preference capital and non-controlling interest 9,046 8,151 8,375 Return on equity, common share, % 17.5 13.3 14.1 Profit after tax, rolling 12 months 1,716 1,181 1,287 Average total equity 11,045 9,707 10,051 Return on equity, % 15.5 12.2 12.8 Profit before tax, rolling 12 months 2,139 1,530 1,617 Average total equity 11,045 9,707 10,051 Return on equity, before tax, % 19.4 15.8 16.1 Profit from property management, rolling 12 months 1,206 1,081 1,104 Average total equity 11,045 9,707 10,051 Return on equity from profit from property management, % 10.9 11.1 11.0 Net debt 15,398 12,972 13,625 Equity according to financial position 11,833 10,239 10,710 Debt/equity ratio, multiple 1.3 1.3 1.3 NP3 applies the guidelines for alternative performance measures issued by ESMA. Alternative performance measures refer to financial meas - urements that are not defined or stated in the rules applicable to financial reporting, i.e. IFRS. NP3 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 29.
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 29 Definitions Average interest rate Weighted interest on interest-bearing liabilities (excluding lease liabilities) taking into account interest rate derivatives on the balance sheet date. Average remaining lease term The weighted average remaining term for the rental agreements. CAGR (Compounded Annual Growth Rate) Average annual growth expressed as a percentage. Debt/equity ratio Net debt in relation to equity on the balance sheet date. Economic occupancy rate Rental income in percentage of rental value. Equity/assets ratio Adjusted equity as a percentage of the balance sheet total. 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. Interest coverage ratio Profit from property management, excluding administration result from associated companies and joint ventures but including dividends from associated companies and joint ventures, after adding back financial expenses in relation to financial expenses. Investment property Investment property refers to a property that is held in order to generate rental income and/or increase in value. All of NP3’s properties are assessed as constituting investment properties, so the term is thus consistently “property” in reports and reports. Loan-to-value ratio Net debt in percent of the properties’ recorded value and investments in associated companies and joint ventures. Long-term net asset value, SEK/common share Recorded equity, after taking into account the preference capital and non-controlling interest, with add-back of derivatives and deferred tax, in relation to the number of common shares at the end of the period. The key ratio shows the net assets’ fair value from a long-term perspective. Assets and liabilities not assessed as falling due, such as fair value on derivatives and deferred taxes are excluded. Net debt Interest-bearing liabilities, excluding lease liabilities, with deduction for liquid assets and current investments. Net debt to EBITDA ratio Net debt on the balance sheet date relative to twelve months’ forward-looking net operating income less central administration expenses plus dividends received from associated companies and joint ventures rolling twelve months. Net investments The sum of acquired properties, as well as investments in projects and associated companies and joint ventures with deduction for sales price on properties that have been disposed of, directly and via companies, as well as with deduction for divested participations in associated companies and joint ventures. Net operating income Rental income for the period less property costs. Occupancy rate Let area as a percentage of lettable area. Preference capital Number of preference shares multiplied by equity per preference share. Profit after tax, SEK/common share Net profit after tax relating to the mother company’s shareholders, reduced by the holders of preference shares’ preferential right to dividend for the period, paid during the period, in relation to the weighted average number of common shares. Profit from property management Net profit before tax and changes in value and tax in both group and associated companies as well as joint ventures. Profit from property management, SEK/common share Net profit before tax and changes in value reduced by the preference shares’ preferential right to dividend, paid during the period, in relation to the weighted average number of common shares. Properties accessed Agreed property value less deductions for deferred tax for properties accessed during the period. Rental income Debited rents and extra charges less rent discounts. Rental value Rental income on current agreements with addition for assessed market rent for unlet areas 12 months ahead from the balance sheet date. Return on equity Profit after tax for a rolling 12-month period, in percent of average equity. Return on equity, before tax Profit before tax for a rolling 12-month period, in percent of average equity. Return on equity, common share Profit after tax for a rolling twelve-month period, reduced by the preference shares’ preferential right to dividend (paid rolling 12-month period), and share in profits for non-controlling interest, in percent of average equity after settlement of preference capital and non-controlling interest. Return on equity from the profit from property management Profit from property management for a rolling 12-month period, in percent of average equity. Surplus ratio Net operating income for the period as a percentage of rental income for the period. The key ratio is a measurement of effectivity comparable over time. Yield Net operating income for a rolling 12-month period as a percentage of the average market value of the properties. The key ratio shows the return from the operating activities in relation to the properties’ market value.
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 30 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 70–74 in the company's annual report for 2025. 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 rental agreements, with major tenants accounting for only a small proportion of the rental value. 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 interest 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 relations with banks, the capital market and other stakeholders in order to reduce financial risks. Environmental and climate risks Climate change can increase the risk of damage to property and can affect properties or the running of the properties. In addition, environmental risks associated with soil contamination 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 reviewed from a environmental perspective. In addition, the company is well aware of which properties activities subject to a permit are or have been conducted at. Risk of conflicts of interest Conflicts of interest can arise when board members, managers and other employees in the company take on certain board assignments, invest in companies in which NP3 has invested, invest in companies that are competitors to NP3, mortgage their shareholdings 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 The security situation in the form of unrest, war and conflicts in the outside world and our local area affects the world economy, Sweden and therefore also NP3 as a company. Security situation creates negative consequences, instability and can cause disruptions for our society, industry and commerce and NP3. The company continues to monitor the development and based on the company's procedures for risk and crisis management, the impact on the company's operations is continuously evaluated, including any impact on the company's properties. Other information Accounting policies and judgements This interim report for the group has been prepared in accordance with IAS 34 Interim Financial Reporting and applicable parts of the Swedish Annual Accounts Act. In addition to the financial reports, information in accordance with IAS 34 16A is also disclosed in other parts of the interim report. The group and parent company apply the same accounting principles and valuation methods as in the 2025 Annual Report. 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. IFRS 18 is a new standard for presentation and disclosures in financial statements that replaces IAS 1. IFRS 18 becomes effective for financial years beginning on 1 January 2027 and is expected to have a material impact on the presentation of NP3's financial reports, primarily the income statement, which will be divided into three parts: operating, investing and financing. NP3 has commenced the process of adapting its financial reporting to comply with the new standard. The parent company’s reports have been prepared in accordance with the Swedish Annual Accounts Act (ÅRL) and by applying the Swedish Corporate Reporting Board’s recommendation RFR 2, Accounting for Legal Entities. Related party transactions Related party transactions are described in Note 29 in the company's annual report for 2025. No material changes in related party transactions have occurred since the publication of the annual report for 2025. 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 78.
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NP3 Fastigheter AB (publ) Interim report - Q3 2026 31 Business idea With our tenants in focus, to acquire, own and manage high-yielding commercial properties, primarily in northern Sweden. Strategy To create value in the property portfolio by means of local presence, creativity and good business acumen, and thus create conditions for continued good expansion and high reputation. Vision Leveraging good business acumen and satisfied tenants, investors and stakeholders, to create Sweden’s long-term most profitable real estate company. Contacts Andreas Wahlén, CEO Tel: +46 60 777 03 01 andreas@np3fastigheter.se Anton Bergh Kagart, CFO Tfn +46 60 777 03 13 anton.bergh@np3fastigheter.se Board of directors Chairman of the board Nils Styf Tel: +46 73 350 60 39 Members of the Board of Directors Åsa Bergström Hans-Olov Blom Mia Bäckvall Juhlin Anders Palmgren Urban Sjölund Press releases during the third quarter 10/7 Interim report January–June 2026 14/9 Nomination Committee ahead of NP3’s 2027 Annual General Meeting All press releases are available on the company's website: www.np3fastigheter.se Calendar Interim reports Year-end report 2026: 5 February 2027 Q1 January–March 2027: 23 April 2027 Q2 January–June 2027: 9 July 2027 Q3 January–September 2027: 22 October 2027 Annual general meeting 29 April 2027 Record days for dividend on preference shares 30 October 2026 29 January 2027 30 April 2027 Record days for dividend on common shares 30 October 2026 29 January 2027 The Board of Directors and the CEO certify that the report provides a true and fair view of the parent company's and the group's operations, financial position and performance, and describes the significant risks and uncertainties faced by the parent company and the companies included in the group. Sundsvall 16 October 2026 Review report To the Board of Directors of NP3 Fastigheter AB (publ) Corp. id. 556749-1963 Introduction We have reviewed the condensed interim financial information (interim report) of NP3 Fastigheter AB (publ) as of 30 September 2026 and the nine-month period then ended. The Board of Directors and the Managing Director are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and other generally accepted auditing practices and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim report is not prepared, in all material respects, for the Group in accordance with IAS 34 and the Annual Accounts Act, and for the Parent Company in accordance with the Annual Accounts Act. Stockholm, 16 October 2026 KPMG AB Peter Dahllöf Authorized Public Accountant
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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 Södra Skeppsbron 35, 802 86 Gävle Karlstad Tynäsgatan 10, 652 16 Karlstad Lidköping Kinnegatan 17A, 531 33 Lidköping Luleå Ödlegatan 1B, 973 34 Luleå Piteå Fläktgatan 8B, 941 47 Piteå Skellefteå Mullbergsvägen 11A, 931 37 Skellefteå Sollefteå Hågesta 7, 881 41 Sollefteå Stockholm Birger Jarlsgatan 34, 114 29 Stockholm Umeå Björnvägen 15E, 906 40 Umeå Västerås Slakterigatan 10, 721 32 Västerås Örnsköldsvik Björnavägen 41, 891 41 Örnsköldsvik Östersund Kaserngatan 3, 831 32 Östersund