Interim Financial Statements

for the 6-month period ended 30 June 2025

Performance Snapshot

As at 30 June 2025

€41.3 million

Estimated intrinsic equity value (fair value of investee companies and cash)

€9.52

Estimated intrinsic equity value per share

€13.7 million

Cash

As 25 August 2025

€41.0 million

Estimated intrinsic equity value (fair value of investee companies and cash)

€9.45

Estimated intrinsic equity value per share

€13.4 million

Cash