Decline in sales leads to another negative consolidated profit for The Grounds in 2024 – balanced result forecast for 2025

EQS-News: The Grounds Real Estate Development AG / Key word(s): Annual Results/Forecast Decline in sales leads to another negative consolidated profit for The Grounds in 2024 – balanced result forecast for 2025 30.04.2025 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Decline in sales leads to another negative consolidated profit for The Grounds in 2024 – balanced result forecast for 2025

• Consolidated sales revenues decrease to EUR 12.9 million (previous year: EUR 23.8 million)
• Group EBIT is EUR -9.2 million (previous year: EUR -4.8 million)
• Significant improvement in the financing structure
• After a successful capital increase, consolidated balance sheet total increases by around EUR 20.2 million to EUR 168.3 million (previous year: EUR 148.1 million)
• Planning for 2025 anticipates consolidated sales revenues between EUR 9.0 million and EUR 11 million, together with a balanced group EBIT

Berlin, 30.04.2025 –The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A40KXL9) closed the financial year 2024 with a consolidated loss of EUR ‑13.6 million (previous year: EUR -7.3 million), attributable mainly to a significant decline in sales. Firstly, residential property markets, which are the relevant market environment for The Grounds, were characterised – especially in the first few months of the reporting year – by the strong buyer reluctance already observable in the previous year. Secondly, delays in further project developments meant that fewer residential units could be offered for sale. As a consequence of this, the volume of sales in the area of site and portfolio development, and in individual privatisation, lay below the original expectations, and consolidated sales revenues in the reporting year reduced to around EUR 12.9 million (previous year: EUR 23.8 million).