Globe Trade Centre

At year-end 2025, GTC reported an investment portfolio valued at approximately EUR 2.75 billion, net debt of approximately EUR 1.57 billion and net LTV of 57.0%. FY2025 FFO I adjusted for non-recurring items was EUR 33.1 million.S3

At 31 March 2026, GTC reported total borrowings of EUR 1,636.1 million: EUR 624.2 million of bonds and EUR 1,060.4 million of bank loans, less EUR 48.5 million of acquisition costs. The facilities include the EUR 455 million 6.50% senior secured notes due 2030, two HUF green bonds, the EUR 190 million GTC Paula acquisition facility, the Galeria Polnocna J&T BANKA facility and the German portfolio's Berlin Hyp financing.S1S2S4S5S6S7S8S9S10

In March 2026, GTC Aurora redeemed the remaining 2026 notes and assumed the 2030 note obligations from GTC Finance DAC. In April 2026, GTC announced EUR 148.8 million of Berlin Hyp financing for part of the German residential portfolio.S2S10

The German acquisition announced in November 2024 comprised 5,165 residential units plus commercial and other units, with an approximately EUR 448 million adjusted property value. GTC completed settlement of the related call option in July 2025, partly financed by J&T BANKA, and in March 2026 mandated disposals of 29 assets containing 522 units.S8S9S11S12S13

On 13 May 2026, GTC disclosed preliminary indications of possible irregularities connected with German asset acquisitions. The company said that an internal forensic investigation with external legal and forensic advisers remained in progress and that no final conclusions had been reached.S14S15S16

GTC registered governance amendments in May 2026 that reduced selected Supervisory Board transaction-approval thresholds and added shareholder-delegate nomination protections. The June AGM appointed Scott Dwyer as Shareholder Meeting Delegate, but did not adopt the proposed additional approval requirement for specified transactions above EUR 100 million.S17S18S19S20S21S22S23

GTC has stated that PADME and Optima matters in its controlling-shareholder chain do not create group guarantees and that no GTC assets secure Optima obligations. Hungarian State Audit Office material separately states that an Alpine Holding facility was secured by the 62.61% GTC shareholding above the issuer, while an official criminal process concerning the MNB-foundation structure remained under investigation in 2026.S1S3S24S25S26S27