Strong Half-Year for MLP Group: Increased Rental Income and New Projects in Europe

• Revenue: EUR 60 million (+ 22% compared to the previous year)
  • Including rental income, which increased by 33% to EUR 35.1 million

• Earnings before interest, taxes, depreciation and amortization (EBITDA) without revaluation  of EUR 29.6 million (+ 18% year-on-year)

• Gross asset value (GAV): EUR 1.7 billion (+ 10% year-on-year)

• Net asset value (NAV): EUR 781.5 million (+ 3% year-on-year)

• Net asset value (NAV) per share: EUR 32.6 (+ 3% year-on-year)

• Net profit: EUR 36.8 million (+ 96% compared to the previous year)

• Rental activities:
• 97,700 m² let since the beginning of the year
• Newly concluded leases with annualised rental income of EUR 6.6 million
• Vacancy rate below 5%

Caption: Radosław T. Krochta, CEO of the MLP Group. Copyright: MLP Group.

MLP Group, a developer, owner and manager of high-quality commercial, industrial and logistics parks specializing in brownfield sites, achieved strong results in the first half of 2026, both financially and operationally. Sales amounted to EUR 60 million, up 22% on the previous year's figure. Rental income rose by 33% to EUR 35.1 million, while EBITDA excluding revaluations amounted to EUR 29.6 million – an increase of 18%.

In the first half of 2026, MLP Group signed leases for a total of around 97,700 m² of space, of which 87,900 m² were new lettings. The newly concluded leases correspond to annualised rental income of EUR 6.6 million. At the same time, the developer completed 219,600 m² of new space, thus increasing the total lettable area of the portfolio to a total of 1.7 million m². At the end of June, a further 186,000 m² were under construction in the four core markets. Once fully let, these projects can generate annual rental income of around EUR 11.9 million. The expected minimum initial yield on cost is 12.4%.

The MLP Group's portfolio continues to be characterized by a high degree of stability and a correspondingly high degree of predictability of rental income. At the end of June, the occupancy rate was 95%. The weighted average unexpired lease term (WAULT) was around 7.3 years. Almost 99% of the rent claims were paid on time. The tenant retention rate was also around 99%. In total, the developer works with around 225 tenants from various industries, including manufacturing, technology, automotive, e-commerce, retail and logistics.

The MLP Group's growth strategy focuses on the development of modern logistics and commercial properties in the central European markets. Factors such as customer proximity, efficient infrastructure and the availability of qualified workers are playing an increasingly important role for companies in the areas of production, technology and logistics.

"In 2026, we will significantly expand our activities. Rental income increased by 33%, while EBITDA increased by 18% to EUR 29.6 million. We also expect a positive development for the second half of the year. We are well positioned with our strategy of developing projects at central locations throughout Europe. Poland remains our core market and most important growth driver. At the same time, we are further expanding our presence in Western Europe," says Radosław T. Krochta, CEO of the MLP Group.

In Poland, the MLP Group has an extensive project pipeline. Thus, in 2026, the development of several projects began, including MLP Bieruń, MLP Rzeszów, MLP Gorzów and MLP Poznań. The second construction phase of the MLP Business Park Poznań and another section of the MLP Pruszków II are also included.

At the same time, expansion in Germany is also being pushed forward. In the region around Frankfurt, the construction of a first project with an area of around 23,000 m² begins. In addition, work is progressing as part of the second construction phase of the MLP Business Park Schalke with around 32,000 m². The first section, which covers around 36,000 m², has already been fully let. This underlines the high demand for modern logistics and commercial space at the site. With Hamburg, another strategic growth market was opened up this year. There, the MLP Group secured an area for the development of the approximately 35,000 m² multi-user park MLP Hamburg East. Last but not least, the MLP Group's third project in the Ruhr region – the MLP Business Park Castrop-Rauxel with around 73,000 m² – is at an advanced stage of planning. It is the first project that also offers potential for the settlement of data centers. Construction is scheduled to start in 2027.

"In the next two quarters, we want to complete around 200,000 m² of new rental space and thus significantly expand our portfolio. At the same time, we continue to expect high single-digit growth in rental prices and Estimated Rental Value (ERV). The reason for this is the continuing high demand from tenants and the limited supply of modern logistics and commercial space," adds Krochta.

About MLP Group S.A.:

The MLP Group is a developer, owner and manager of high-quality commercial, industrial and logistics parks in Poland, Germany, Austria and Romania specializing in brownfield sites. The company owns and manages a real estate portfolio with a total lettable area of around 1.7 million m². The net asset value amounts to over EUR 781 million (Q2/2026). The MLP Group has been listed on the Warsaw Stock Exchange WSE since 2013 (ISIN: PLMLPGR00017).

With offices in Warsaw, Frankfurt am Main, Cologne, Vienna and Bucharest, the company offers tailor-made and sustainable real estate solutions for users from various industries such as retail, e-commerce, manufacturing, automotive and logistics.

The MLP Group was founded in 1998 in Warsaw, Poland. The company has been present on the German market since 2017 and on the Austrian market since 2022. It currently has ten properties in Berlin, Castrop-Rauxel, Gelsenkirchen, Hamburg, Idstein, Munich, Unna and Vienna.

Further details about the MLP Group can be found at www.mlpgroup.com

Contact:

teamtosse Agency for Communication | www.teamtosse.de

Nicole Weikmann | +49 (0)89 414 175 290 | nicole.weikmann@teamtosse.de

Kistlerhofstraße 70 | Building 88 | 81379 Munich