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Highlights1 of the half year report:
Operating income
- Total operating income amounted to NOK 7 045 (6 848) million.
Result for the year
- Profit before income tax was NOK 2 135 (1 304 million).
- Fair value adjustments of investment property and financial instruments amounted to NOK 136 (-701) million.
- Profit before income tax, fair value adjustments/depreciation and currency result amounted to NOK 2 088 (2 063) million2.
Financial position
- The Group’s equity at year end amounted to NOK 69 182 (65 317) million and its equity ratio was 56 % (56 %).
- The Group’s loan-to-value ratio was 29 % (29 %).
- Total liquidity reserves were NOK 12 392 (12 654) million.
Property portfolio
- The rental income level in the property portfolio at the end of first half year 2025 was NOK 7 730 (7 320) million and the vacancy rate was 4,1 % (3,7 %).
Shopping centre retail sales
- Retail sales in the shopping centre portfolio owned by the Group amounted to NOK 38,8 (37,2) billion. At the half year end, the Group owned 69 shopping centres, and managed 16 for other owners.
Thon Hotels
- At the half year end, Thon Hotels had 14 061 (13 893) rooms in 96 (94) hotels in Norway and abroad.
1) The report for H1 2024 has not been prepared in compliance with the requirements in IAS 34. The figures in brackets are for the corresponding period last year.
2) Taxes in joint ventures and associated companies included.