Rob Brown

- **ARGAN** is developing a **12,000 sq.m Aut0nom®-labelled extension** for CELIO's logistics site in Amblainville, France.  **[100591_369f05ffc5974043834c4d619f60dbad_0]** 
- This expansion will bring the total site size to **55,000 sq.m** and is scheduled for delivery in **summer 2026**.  **[100591_369f05ffc5974043834c4d619f60dbad_0]** 
- A **new 10-year firm lease** will cover the entire site, taking effect upon the extension's delivery.  **[100591_369f05ffc5974043834c4d619f60dbad_0]** 
- The project significantly improves environmental performance, reducing the site's annual CO2 emissions **fourfold** through Aut0nom® equipment, including a 400 kWp photovoltaic power plant and 250 MWh storage batteries.  **[100591_369f05ffc5974043834c4d619f60dbad_0]**

ARGAN expands CELIO's logistics site with new 10-year lease

- ARGAN recorded **rental income** of **€158.7 million** for the first nine months of **2025**, marking a **+6% increase** from the same period last year.  **[100591_d3649ff996724466b2aaa26337655e79_0]** 
- The company confirmed its target for a **+7% increase** in rental income for the full year **2025**, expecting to reach **€211 million**.  **[100591_d3649ff996724466b2aaa26337655e79_0]** 
- This growth was primarily driven by the **full-year effect of 2024 deliveries** and **rents indexation (+3.45%)** on January 1, 2025.  **[100591_d3649ff996724466b2aaa26337655e79_0]** 
- ARGAN has **€55 million** in investments for **2025** and a total of **€215 million** secured for **2025-2026**, with **€160 million** planned for **2026**.  **[100591_d3649ff996724466b2aaa26337655e79_0]** **[100591_d3649ff996724466b2aaa26337655e79_1]** 
- The company aims for an **LTV ratio of 41.5%** and a **net debt to EBITDA ratio of 8.7x** by the end of **2025** as part of its debt reduction plan.  **[100591_d3649ff996724466b2aaa26337655e79_1]**

ARGAN Reports Rental Income Up 6% for First Nine Months of 2025

- Argano has acquired **HyBridge Solutions**, marking its **sixth acquisition in 2025** as part of an accelerated growth strategy.  **[100591_d2f460b321ab4e1f96cc7486f31d7518_0]** 
- The acquisition enhances Argano's **enterprise modernization and digital transformation solutions**, deepening its expertise in the **healthcare sector**, and expanding its performance consulting and modern finance capabilities.  **[100591_d2f460b321ab4e1f96cc7486f31d7518_0]** 
- HyBridge Solutions brings deep experience in **Workforce Management (WFM), Human Capital Management (HCM), and Enterprise Resource Planning (ERP)**, with approximately **85% of its client base** in healthcare.  **[100591_d2f460b321ab4e1f96cc7486f31d7518_0]**

ARGAN (AGX)