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Key Figures

Figures in NOK millions APM* 31.12.2025 31.12.2024
       
Net rental income   3 402 3 317
Fair value adjustments in investment properties and interest rate derivatives 1 343 774
Profit before income taxes   2 416 2 863
Profit before income tax, fair value adjustments and currency result 2 2 182 2 129
       
Equity ratio 3 50 % 51 %
Equity per share (NOK) 4 324 312
Long term net asset value per share (NOK) 4 381 367
       
Net cash flow from operations   1 974 1 953
Liquidity reserves 5 9 021 6 561
Amortisation next 12 months 6 4 762 3 405
       
Interest-bearing debt 7 22 419 21 342
Interest per balance sheet date 8 4,32 % 4,92 %
Loan to value ratio 7 37 % 36 %
Interest coverage ratio 9 3,1 3,0
       
Net investments 10 2 187 1 763
Market value properties 11 60 937 58 612
Annualized rental income level 12 4 275 4 125
Net yield properties 13 6,2 % 6,2 %
Sales, owned shopping centres   63 344 61 088

Olav Thon Eiendomsselskap ASA prepares consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS).

The company also wishes to present *alternative performance measures (APM) in order to provide readers with a better understanding of the company's underlying financial results.