Inmobiliaria del Sur (ISUR) investor relations material

Executive summary

• Operating profit rose 46.3% to €59.6m, with net profit up 58.8% to €39.3m year-over-year, driven by higher revenues and improved margins.

• Revenue increased 28.4%, led by development (+35.1%), rentals (+6.1%), and construction (+20.0%).

• EBITDA reached €48.2m (+49.2%), reflecting strong cash generation.

• The remuneration policy for directors is based on moderation, adequacy to the role, independence, sustainability, and transparency, with a maximum annual amount set by the General Shareholders' Meeting and distributed among board members according to their roles and attendance.

• The policy for 2025-2027 maintains a fixed component for all directors and variable components only for the executive chairman, including a short-term bonus and a long-term share-based incentive linked to the strategic plan.

Financial highlights

• Revenues: €238.6m (+28.4% year-over-year).

• EBITDA: €48.2m (+49.2%); EBIT: €59.6m (+46.3%).

• Net profit: €39.3m (+58.8%).

• Net financial debt: €157.4m (-21.3% vs 4Q24).

• NAV: €425.4m (+6.4% vs year-end 2024); NAV per share: €22.8.

Outlook and guidance

• Strategic plan 2021-2025 nearly achieved: €787.3m revenues vs €833-925m target; net profit €98.3m vs €94-113m target.

• Focus on expanding development in Madrid and Málaga, increasing property business via acquisitions and JVs.

• The remuneration policy will remain unchanged through 2027, with continued alignment to market practices and the company’s long-term strategic objectives.