Consolidated statement of financial position in accordance with INREV valuation principles

31 December 2025 IFRS

Adj.

31 December 2025 INREV

31 December 2024 IFRS

Adj.

31 December 2024 INREV

ASSETS

Non-current assets

Intangible fixed assets

2

-

2

3

-

3

Investment property

10,497

38

10,535

9,808

34

9,842

Investment property under construction

25

-

25

174

2

176

Property, plant and equipment

19

-

19

19

-

19

Financial assets

7

2

9

1

-

1

10,550

40

10,590

10,005

36

10,041

Current assets

Trade and other receivables

19

-

19

4

-

4

Cash and cash equivalents

64

-

64

1

-

1

83

-

83

5

-

5

Total assets

10,633

40

10,673

10,010

36

10,046

EQUITY AND LIABILITIES

Equity

Group equity

7,844

128

7,972

7,271

150

7,421

Non-current liabilities

Financial liabilities

1,989

(85)

1,904

2,526

(114)

2,412

Lease liabilities

100

-

100

107

-

107

2,089

(85)

2,004

2,633

(114)

2,519

Current liabilities

Financial liabilities

600

(3)

597

-

-

-

Provisions

-

-

-

9

-

9

Trade and other payables

99

-

99

96

-

96

Lease liabilities

1

-

1

1

-

1

700

(3)

697

106

-

106

Total liabilities

2,789

(88)

2,701

2,739

(114)

2,625

-

Total equity and liabilities

10,633

40

10,673

10,010

36

10,046