Beno Holding AG: Light Industrial Asset Manager and Property Owner Reports Preliminary Unaudited Figures for Fiscal Year 2025

Munich, 23/04/2026 (pta008/23.04.2026/08:50 UTC+2)

BENO Holding AG (ISIN: DE000A11QLP3), a specialized property owner and asset manager focusing on operational real estate, reports preliminary, unaudited financial results for the 2025 fiscal year.

Consolidated revenue for the 2025 fiscal year was approximately EUR 9.2 million and includes net base rent, ancillary costs, and income from PV systems. In the previous year, consolidated revenue had been EUR 8.7 million. Net base rent amounted to EUR 7.2 million in the reporting year, compared to EUR 6.8 million in the previous year. Consolidated earnings (EAT) amounted to EUR 4.7 million, up from EUR 4.1 million in the prior year, underscoring the company's sustained high profitability. The FFO figure stood at EUR 2.248 million (prior year: EUR -0.07 million). As of the reporting date, the Group held cash and cash equivalents totaling EUR 4.8 million. Operating cash flow amounted to EUR 3.6 million, compared to EUR -0.5 million in the previous year.

"The preliminary figures for 2025 confirm the positive development of our business. The successful transformation of a larger existing property in 2024 contributed the full annual rent for the first time during the reporting period. The newly constructed 2-MW PV system at the same location also contributed a full year's revenue for the first time, amounting to approximately EUR 200,000, and offers further growth potential. Additionally, management measures generated approximately EUR 0.9 million in additional income. We can clearly see that our platform is increasingly having an impact on our portfolio," explains Michael Bussmann, CEO of BENO Holding AG.

Following the establishment of the seed portfolio and the development of integrated asset management over the past four years, the scaling phase is now underway. The platform structures created—focused on digital twins and remote management—enable the company to efficiently integrate additional properties into the existing management framework and systematically leverage potential for increased income and value within the portfolio. The value potential in the portfolio remains attractive, with a rent multiplier of 12.43 and a portfolio valuation of approximately EUR 567 per square meter of usable space (including land).

The Group's equity increased to EUR 34.9 million as of December 31, 2025, up from EUR 30.1 million in the previous year. The equity ratio rose to 35%. Total assets amounted to EUR 99.4 million.

About BENO Holding AG

BENO Holding AG is a portfolio holder and asset manager specializing in operational real estate, with a focus on light industrial properties in Germany. The company invests in flexibly usable properties with recurring cash flows, third-party utilization potential, and appreciation potential through active asset management.

BENO pursues a platform-based management approach that combines long-term ownership with digitally supported remote management. By integrating digital twins early on into operational portfolio management, the company lays the foundation for higher productivity, improved controllability, and scalable growth.

The properties held in its own portfolio currently comprise 12 German locations with approximately 36 tenants and a total usable area of approximately 158,000 m². The market value of the portfolio currently amounts to approximately EUR 90 million.

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Emitter:	Beno Holding AG Brienner Str. 7 80333 München Germany
Contact Person:	Florian Renner
Phone:	+49 89 20 500 410
E-Mail:	info@beno-gruppe.de
Website:	www.beno-gruppe.de
ISIN(s):	DE000A11QLP3 (Share) DE000A3H2XT2 (Bond)
Stock Exchange(s):	Free Market in Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart