SUPERMARKET INCOME REIT PLC - Unaudited interim results for the six months ended 31 December 2025

Unaudited interim results for the six months ended 31 December 2025

SUPERMARKET INCOME REIT PLC
(Incorporated in the United Kingdom)
Company Number: 10799126
LSE Share Code: SUPR
JSE Share Code: SRI
ISIN Code: GB00BF345X11
LEI: 2138007FOINJKAM7L537
("SUPR" or the "Company" or the "Group")


UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2025

1. FINANCIAL HIGHLIGHTS

    Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), the leading grocery real estate business that
    invests in high-quality, inflation linked, grocery assets, reports its results for the six months ended 31
    December 2025 (the "Period").


                                                      Six months to      Six months to              Change
                                                          31-Dec-25          31-Dec-24             in Year
    Annualised passing rent 1                               £132.0m            £118.5m               +11%
    EPRA earnings per        share1                       2.7 pence          3.0 pence               -10%
    IFRS earnings per share                               2.9 pence          2.9 pence                 0%
    Dividend per share (declared)                        3.09 pence         3.06 pence                +1%
    Dividend cover1, 2                                          88%                99%             -11pts
    EPRA cost    ratio1                                        9.2%              13.6%            -4.4pts
    Headline earnings per share                           2.5 pence          2.4 pence               4.2%


                                                                                                    Change
                                                          31-Dec-25         30-June-25           in Period
    Portfolio valuation1, 3                                 £2,057m            £1,625m                +27%
    Portfolio net initial   yield1, 3                          6.0%               5.9%             +0.1pts
    EPRA NTA per      share1                             87.5 pence         87.1 pence               +0.5%
    IFRS NAV per share                                   88.4 pence         88.5 pence               -0.1%
    Loan to value1, 3                                           45%                31%              +14pts

    Notes:
    1 The alternative performance measures used by the Group have been defined and reconciled to the IFRS

    financial statements within the EPRA and other Key Performance Indicators information
    2 Calculated as EPRA earnings divided by dividends paid in the period
    3 Including share of joint venture portfolio and assets held for sale



    Rob Abraham, CEO of Supermarket Income REIT plc, commented:

    "SUPR has delivered a strong first half for shareholders, with significant levels of activity as we continue
    to execute our strategy at pace. Capital from the JV has been redeployed successfully to enhance both
    the value and income across our high-quality grocery portfolio. The benefits of management
    internalisation are clearly demonstrated with a cost ratio firmly amongst the sector leaders. Our
    shareholders will directly benefit through the introduction of our new sustainable dividend growth target
    of a minimum 2% p.a. for FY27 onwards, as we continue to build on our leading position.
  "The growth opportunity within grocery real estate remains highly compelling with supermarket sales
  reaching record highs in December 2025. Against this backdrop, our deep sector expertise coupled with
  our strong sector relationships gives us a unique advantage as we look to double the size of the portfolio
  over time. We have a compelling near-term pipeline, with omnichannel supermarkets continuing to
  perform strongly, and the potential for diversification into new geographies and complementary
  adjacencies within grocery real estate opening up additional opportunities for SUPR."

2. SHORT FORM ANNOUNCEMENT

  The short form announcement is the responsibility of the directors of the Company. It contains only a
  summary of the information in the full announcement ("Full Announcement") and does not contain full
  or complete details. The Full Announcement can be found at:
  https://senspdf.jse.co.za/documents/2026/JSE/ISSE/SRIE/Interims26.pdf

  A copy of the Full Announcement is also available for viewing on the Company's website at
  https://supermarketincomereit.com/investor-centre/results-presentations/

  Any investment decisions by investors and/or shareholders should be based on consideration of the Full
  Announcement, as a whole.

3. PRESENTATION FOR ANALYSTS

  The Company will be holding an in-person presentation for analysts at 8.30am (GMT) today at MYO St
  Paul's, One New Change, London, EC24M 9AF. To register to attend in-person, please contact Headland
  Consultancy: SUPR@headlandconsultancy.com. There will also be a webcast available. To join the
  presentation via the webcast, please register using the following link:
  https://sparklive.lseg.com/SupermarketIncomeREIT/events/caa71887-fd76-48ed-809b-16e99315715e

  The results presentation is available in the Investor Centre section of the Group's website.

  The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE
  Limited.

  United Kingdom
  11 March 2026

  Sponsor: PSG Capital

Date: 11-03-2026 09:00:00
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