Aradei Capital: A 6% Increase in Consolidated Revenue as of September 30

As of September 30, 2025, Aradei Capital's consolidated IFRS revenue reached 470 million MAD, compared to 443 million MAD during the same period in 2024. This represents a 6% increase driven by rental income from the real estate sector, particularly in retail and healthcare. The social revenue stood at 159 million MAD as of September 30, 2025, up from 149 million MAD a year earlier. In terms of investments, the total amount spent by the real estate company by September 30, 2025, was nearly 200 million MAD, down from 287 million MAD at the same date in 2024. This investment primarily focused on completing the construction of Sela Park Casablanca, the structural work of a new project in Casablanca, and two renovation projects. Aradei Capital maintains a solid and optimized financial structure. As of September 30, 2025, gross debt amounted to 3.251 billion MAD, slightly decreasing from 3.343 billion MAD at the end of 2024. This debt is composed of 32% bond loans and 68% bank loans. Net debt, which accounts for available cash, reached 2.814 billion MAD at the end of September 2025, compared to 2.529 billion MAD at the end of December 2024.