BENO Holding AG: Audited Figures for 2025 – FFO Rises to 2.25 Million EUR, Equity to 34.9 Million EUR

Munich, 26/06/2026 (pta007/26.06.2026/09:30 UTC+2)

BENO Holding AG (ISIN: DE000A11QLP3) closed the 2025 fiscal year with a significant improvement in its operating and financial metrics. The audited consolidated financial statements show a further strengthening of the company's earnings power, balance sheet quality, and liquidity position.

Revenue rose to approximately EUR 9.2 million in fiscal year 2025 (previous year: EUR 8.7 million). Consolidated net income after taxes amounted to EUR 4.7 million (previous year: EUR 4.1 million). Operating profitability improved particularly significantly: the "Funds from Operations" (FFO) metric rose from -0.07 million EUR in the previous year to 2.25 million EUR.

At the same time, operating cash flow rose from -0.5 million EUR to 3.6 million EUR. The Group's liquidity position improved to 4.8 million EUR (previous year: 2.5 million EUR).

The Group's equity rose to 34.9 million EUR as of the balance sheet date (previous year: 30.1 million EUR). This corresponds to equity per share of EUR 10.04. Taking into account the provision for deferred taxes reported in the IFRS financial statements, this results in a net asset value (NAV) of approximately EUR 39.7 million, or EUR 11.42 per share. The equity ratio rose to 35.1%.

The Group's real estate portfolio reached a market value of approximately EUR 90 million at year-end. With annual net base rents of approximately EUR 7.2 million, this results in an average portfolio multiple of approximately 12.4 based on the annual net base rent.

In addition to portfolio growth, active asset management measures in particular had a positive impact on performance. As a result, additional earnings potential within the portfolio was realized during the reporting year. For this reason, BENO Holding AG embraced digital twins at an early stage. The system developed for this purpose not only serves to operate a central data infrastructure but also acts as a catalyst for properties to be acquired in the future. In addition, the photovoltaic system in Dortmund, which went into operation last year, made a full annual contribution to consolidated earnings for the first time.

The auditor, NPP Niethammer, Posewang & Partner GmbH Wirtschaftsprüfungsgesellschaft, issued an unqualified audit opinion on the annual financial statements of BENO Holding AG as well as the IFRS consolidated financial statements.

Michael Bussmann, CEO of BENO Holding AG, comments:

"No one can say with certainty today which technologies, business models, or applications will be successful in ten years. What is certain, however, is that each of these developments requires energy, production, logistics, and digital infrastructure. Our approach thus resembles the classic 'pick-and-shovel' principle from the gold rush: We do not invest in individual trends, but rather in the physical foundation upon which economic development takes place. The improvement in FFO, cash flow, and equity demonstrates that our focus on third-party-leasable, high-quality, value-stable existing properties and active asset management using state-of-the-art digital tools is increasingly paying off."

Following the development of the seed portfolio and the establishment of an integrated asset management platform, the company considers itself well-positioned to efficiently integrate further growth into existing structures.

The combination of long-term rental cash flows, active portfolio development, and digitally supported management forms the foundation for further scaling of the platform.

The audited and approved 2025 annual financial statements, as well as the complete audited consolidated financial statements and the consolidated management report as of December 31, 2025, are available for download on the BENO Holding AG website.

About BENO Holding AG

BENO Holding AG is a portfolio owner and asset manager specializing in light industrial real estate. The company invests in flexibly usable, third-party-leasable properties with recurring cash flows and development potential.

BENO pursues a platform-based management approach that combines long-term real estate ownership with digitally supported property management. Through active asset management, technical upgrades, and the use of digital tools, the company systematically taps into potential for increased productivity and value appreciation within its portfolio.

Its own real estate portfolio currently comprises twelve German locations with approximately 36 tenants and a total usable area of approximately 158,000 m². The market value of the portfolio amounts to approximately 90 million EUR.

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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