Trading Update

First Property Group plc

Trading Update

First Property Group plc (AIM: FPO), the property fund manager and investor, is pleased to provide a trading update for the year ended 31 March 2026.

The Board expects the Group's profit before tax (on an unadjusted basis) for the year to exceed current market expectations.

Despite ongoing volatility in the property markets, the Group has had a successful year.

The Group benefitted from one off profits made on the disposal of two directly owned properties, one in the United Kingdom and one in Romania, as well as increased contributions from its investment in associates.

On an underlying basis and assuming no movement in the value of properties held, the Group continues to trade profitably.

The Group continues to navigate the challenges facing investors in commercial property.

A strengthened balance sheet with underlying profitability positions the Group well for making opportunistic investments along with the funds it manages.

The Group is expected to announce its results for the year ended 31 March 2026 on 25 June 2026.

• Group properties - principal investments by the Group to earn a return on its own capital, usually in partnership with third parties. Investments comprise five directly held properties in Poland, and non-controlling interests in nine of the eleven funds managed by FPAM.