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Report for the 2nd quarter of 2025

The Group had a satisfactory development in the second quarter, with profit before income tax amounting to NOK 357 (286 million in the same period last year).

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Highlights of the report for Q2 and H1 20251:

  • The Group had a satisfactory development in the second quarter, with profit before income tax amounting to NOK 357 (286) million.
  • The Group’s rental income in the second quarter amounted to NOK 974 (944) million.
  • Fair value adjustments of investment properties amounted to NOK 26 (-328) million, and fair value adjustments of interest rate derivatives totalled NOK -186 (113) million in the quarter.
  • Profit before tax, fair value adjustments and currency result amounted to NOK 544 (523) million in the quarter.
  • The Group’s financial position is solid. By the end of the first half of the year the Group’s equity ratio was 50 % (50 %), while the liquidity reserve amounted to NOK 7 420 (7 782) million.
  • Retail sales in the shopping center portfolio in the second quarter were NOK 15 391 (14 851) million, an increase of 4 % compared to the same quarter last year.

1The figures in brackets are for the corresponding period/date last year.

Forsidebilde av OTE rapport for 2. kvartal 2025