ARGO Properties N.V. — Interim / Quarterly Report 2026

May 19, 2026

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Argo Properties N.V.

ARGO PROPERTIES N.V

Registry number: 70252750

To: Israel Securities Authority To: Tel-Aviv Stock Exchange Ltd. T930 ( Public ) Filed via MAGNA: 19/05/2026 www.isa.gov.il www.tase.co.il Reference: 2026-01-046002

Report on the financial position

Is this a report of a Periodic report/quarterly report of an insurance corporation? No

Explanation: As of the financial statements for the first quarter of 2017, a corporation that is an insurer (that is, reported in the past within Form T932) will report within this form and will mark "Yes" in this field; the other corporations may proceed to the following sections.

Periodic report according to Chapter B of the Securities Regulations (Periodic and Immediate Reports), 1970 Quarterly report according to Chapter D of the Securities Regulations (Periodic and Immediate Reports), 1970

Half-yearly report according to Regulation 5D of the Securities Regulations (Periodic and Immediate Reports), 1970

Small corporation

During the reporting period, the corporation meets the definition of a "small corporation" No

Explanation: According to the definition of "small corporation" as stated in Regulation 5G of the Securities Regulations (Periodic and Immediate Reports), 1970

(1) As of the determining date, the corporation meets the following conditions: ___

• (2) The corporation elected to implement the reliefs in the following matters:

• Reporting on a half-yearly basis

• Attachment of very material valuation reports

• Attachment of financial statements of an associate company

Reporting regarding the effectiveness of internal control

The corporation did not adopt any relief

I Periodic report

1. Attached herewith is a Periodic report for the year _that was signed on _.

2. Date of the meeting – insofar as a shareholders' meeting was convened in which the financial statements will be presented: ___.

3. Details of the signatories to the Periodic report:

Name of signatory Position of signatory

---

II Financial statements

1. Attached herewith:

Periodic report for the year ___

Quarterly report for the period ended on 31/03/2026.

Which was signed on 18/05/2026.

Do the attached financial statements include an error correction by way of restatement of comparative figures as "restatement due to a non-material adjustment of comparative figures": No

Do the attached financial statements include a material error correction by way of "restatement" of comparative figures: No

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

5. Attached is the reviewing accountant’s review report

Date of the signing by the reviewing accountant on the opinion/review: 18/05/2026.

6. Name of the auditing accounting firm

1 Brightman Almagor Zohar & Co.

---

Name of the signing reviewing accountant on the opinion: ___

License number of the reviewing accountant: ______

7. A. The opinion is given in an unqualified wording ___

B. The review report is given in an unqualified wording Yes

C. There is an emphasis of matter in the financial statements No

Emphasis of matter ___

Quoted wording of the emphasis of matter: ___

D. Type of modification or addition to the standard wording:

Explanation: If in section 7(A) or 7(B) "No" was marked, it is mandatory to mark one of the following fields.

Qualification

Adverse opinion

Disclaimer of opinion

Quotation of the paragraphs that are not required in the standard wording: ___

Explanation: If the auditors’ opinion or the review report is not in the standard wording or includes additions to the standard wording, specify the modification and present, from the auditors’ opinion or the review report, additional paragraphs which are not required in the standard wording (emphasis of matter, qualification, etc.).

8. Date of approval of the financial statements: 18/05/2026

9. Details of the signatories to the financial statements:

Name of signatory Position of signatory

Name of signatory	Position of signatory	Position of signatory	Position of signatory
Ron Tira	Chairman of the Board of Directors ___
Ofir Rahamim	CEO	___
Gal Tenenbaum	CEO ___
Guy Priel	Chief Financial Officer ___

10. Details of material associates whose financial statements are attached:

1 Company name

---

Do the attached financial statements include an error correction by way of restatement of comparative figures as "restatement due to a non-material adjustment of comparative figures": ___

Do the attached financial statements include a material error correction by way of "restatement" of comparative figures: ___

11. Details of guarantor companies whose financial statements are attached:

1 Company name

---

Do the attached financial statements include an error correction by way of restatement of comparative figures as "restatement due to a non-material adjustment of comparative figures": ___

Do the attached financial statements include a material error correction by way of "restatement" of comparative figures: ___

12. Has the corporation performed an early adoption of an accounting standard No

Explanation: If "Yes" is selected, please specify which accounting standard is involved

---

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

III Board of Directors’ report – presentation

1. A. Attached herewith is the Board of Directors’ report which was signed on 18/05/2026.

B. Details of the signatories to the Board of Directors’ report:

Name of signatory Position of signatory

Name of signatory	Position of signatory	Position of signatory
Ron Tira	Chairman of the Board of Directors ___
Ofir Rahamim	CEO	___
Gal Tenenbaum	CEO ___

C. Does the corporation have obligations that require disclosure in accordance with Regulations 9D and 38E of the Securities Regulations (Periodic and Immediate Reports), 1970: Yes

Regarding how to complete this section and the exemption granted to companies from a parallel report of Form 126, see Q&A number 105.37 at the following link: Link

D. Does the company publish separate financial statements ("solo" statements):

Yes

No

(1). Cash and cash equivalents, securities held for trading and short-term deposits based on data from the company’s separate financial statements ("solo" statements) (in thousands of NIS): 173,371

(2). Cash and cash equivalents, securities held for trading and short-term deposits based on data from the company’s consolidated financial statements (in thousands of NIS): 177,008

Explanation: The data will include only balances that are not pledged.

E. Disclosure regarding projected cash flow under Regulation 10(b)(14)(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 (Note: This subsection is not relevant to an insurance corporation):

1. Has the corporation issued debentures that are held by the public at the date of signing the report? Yes

2. Do one or more of the warning signs set out in the Regulation apply to the company? Yes

3A. Mark all the warning signs that apply to the company:

Deficit in equity.

• Emphasis of matter relating to the financial condition of the company, excluding an emphasis of matter regarding material doubts about the continuation of the company as a going concern.

• Deficit in working capital or in working capital for a period of twelve months together with a continuing negative cash flow from operating activities (in the consolidated statements and also in the separate financial statements according to Regulation 9G or Regulation 38D, as applicable).

• Deficit in working capital or in working capital for a period of twelve months or a continuing negative cash flow from operating activities, and the company’s Board of Directors has not determined that this does not indicate a liquidity problem in the company.

Emphasis of matter regarding material doubts as to the company’s ability to continue as a going concern.

• 3B. One or more of the following options must be filled in according to the consolidated financial statements:

• In the company there is a deficit in working capital or in working capital for a period of twelve months.

• In the company there is a continuing negative cash flow from operating activities.

In the company there is no deficit in working capital or in working capital for a period of twelve months and there is no continuing negative cash flow from operating activities.

3C. One or more of the following options must be filled in according to separate financial information (Regulation 9G or 38D, as applicable):

In the company there is a deficit in working capital or in working capital for a period of twelve months.

In the company there is a continuing negative cash flow from operating activities.

• In the company there is no deficit in working capital or in working capital for a period of twelve months and there is no continuing negative cash flow from operating activities.

• The company is not required to publish separate financial information in accordance with Regulation 9G or 38D, as applicable.

• Mark the section relevant to the company:

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

• The company included in the Board of Directors’ report disclosure regarding projected cash flow due to the existence of a warning sign.

• At the end of one of the periods included in the disclosure regarding projected cash flow, is a negative cash balance expected? ___

The company’s Board of Directors has determined that the existence of a deficit in working capital or a deficit in working capital for a period of twelve months, or a continuing negative cash flow from operating activities, does not indicate a liquidity problem in the company.

F. Compliance with financial covenants for debentures:

1. Does the corporation comply with all financial covenants set forth in the deeds of trust? Yes

2. Does non-compliance with the financial covenants give rise to grounds for immediate repayment of the debentures?

---

G. Details regarding the corporation’s reviewing accountant:

1 Total remuneration paid to the reviewing accountant ___for:

Audit services ______

Non-audit services ______

Note: The total remuneration paid to the accountant for audit services, services related to audit, including tax services related to audit.

Details regarding the reviewing accountant of material consolidated corporations:

The data must be entered separately for each accounting firm.

1 Total remuneration paid to the reviewing accountant _ _

of material consolidated corporations to the corporation for:

Audit services ___ Non-audit services ___

ISOX IV Report on internal control

14. Is the company exempt from implementing internal control? No

Explanation: If "Yes" is selected, please specify the reason for the exemption from implementing internal control

___

A. An internal control management report was attached, in the wording prescribed in the Regulations, updated to the date of the statements (according to the Ninth Schedule – Periodic report – Regulation 9B; Quarterly report – Regulation 38(g)) Yes

To the extent that it does not comply with the wording prescribed in the Regulations, specify the content of the modification

---

B. Internal control at the date of this report was found to be: Effective

C. Has the conclusion of the Board of Directors regarding the effectiveness of control changed since the last report submitted (i.e. from effective control to ineffective control and vice versa)? No

D. Management statements

1. Was a CEO statement attached in accordance with the standard wording set out in the Regulations (Periodic report – Regulation 9B(d)(1); Quarterly report according to Regulation 38G(d)(1)), with emphasis on sections 1, 4(a), and 5(a)? Yes

2. Was a statement of the senior officer in the financial field attached, in accordance with the standard wording set out in the Regulations – Annual report 9B(d)(2); Quarterly report Regulation 38G(d)(2)? Yes

3. Was the wording in section 4 of the management statements adjusted in accordance with the provisions of the Regulations – Annual report 9B(d)(1)(2); Quarterly report according to Regulation 38G(d)(1)(2), in a case where there is a financial statements committee that is not an audit committee? No

4. Are the management statements signed as required (name of the officer and his date of signature as of the date of signature of the statements)? Yes

V Attached files

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

15. A. Periodic report in IXBRL format: ___

Regarding attaching Periodic reports in iXBRL format see the Authority’s position here

Periodic report in PDF format: ARGO_Filing_Q1_26_isa.pdf The Periodic report

B. Below is the file of very material valuation reports whose attachment is required under Regulation 8B or Regulation 49 of the Securities Regulations (Periodic and Immediate Reports), 1970 respectively ___

C. _Explanation of the information attached in the file: _

Are the attached PDF files in textual format enabling search? Yes

Do the financial statements include all comparison periods required under accounting rules and Securities Regulations? Yes

VI Financial data (except earnings per share) in: Thousands ofEUR (Euro Member Countries, Euro)

Representative exchange rate of the reporting currency versus the NIS at the end of the reporting period: 3.64

16. Data from the consolidated statement of financial position

The amounts of assets and liabilities shall be recorded as a positive amount, i.e. with a "+" sign, whereas amounts that appear in the company’s balance sheets in parentheses (for example, deficit in equity) shall be recorded as a negative amount, i.e. with a "-" sign.

Assets

1. Total current assets

1.	Total current assets	104,353
2.	Total non-current assets	973,330
3.	Total assets	1,077,683
Liabilities
4.	Total current liabilities	145,697
5.	Total non-current liabilities	417,234
6.	Total liabilities	562,931
Equity
7.	Total equity attributable to owners of the parent company	514,752
8.	Non-controlling interests	0
9.	Total equity	514,752
10. Total equity and liabilities		1,077,683

1. The method of presentation of the statement of profit or loss is:

Presentation by function Presentation by nature

1. Data from the consolidated statement of profit or loss: For a period of three months ended on the balance sheet date

In quarterly reports, the data must be completed from the statement of profit or loss for a period of 3 months and not for the cumulative period. In the half-yearly report, the data must be completed from the statement of profit or loss for a period of six months. Negative totals (such as loss from ordinary activities) shall be recorded as a negative amount, i.e. with a "-" sign. If the item does not appear in the company’s financial statements, the appropriate checkbox must be selected.

1. Revenue			20,533
2. Gross proft	Not relevant		8,719
3. Proft (loss)	from operating activities	Not relevant	23,156
4. Proft (loss)	before tax		23,156
5. Proft (loss)			18,269

1. Profit (loss) attributable to:

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

• 6.1 Profit (loss) attributable to owners of the parent company

6.1 Proft (loss) attributable to owners of the parent company	18,269
6.2 Proft (loss) attributable to non-controlling interests	0
7.Earnings per share
7.1 Total basic earnings (loss) per share	0.74
7.2 Total diluted earnings (loss) per share	0.72
8.Total comprehensive income	18,269
8.1. Comprehensive income attributable to owners of the parent company	18,269
8.2. Comprehensive income attributable to non-controlling interests	0

1. Data from the statement of cash flows: For a period of three months ended on the balance sheet date Cash flows used for activities shall be recorded as a negative amount, i.e. with a "-" sign

Cash fows used for activities shall be recorded as a negative amount, i.e. with a "-" sign
(1) Net cash fows provided by (used in) operating activities	15,145
(2) Net cash fows provided by (used in) investing activities	-29,068
(3) Net cash fows provided by (used in) fnancing activities	14,658
(4) Effect of exchange rate changes of foreign currency on cash and cash equivalents	1,398
(5) Additional effects not refected in items 1–4 above	0
Increase (decrease), net in cash and cash equivalents during the period	2,133
Cash and cash equivalents at beginning of period	46,549
Cash and cash equivalents at end of period	48,682

1. A. As of the financial statements date, is the company a shell company as defined in the TASE Regulations? No

B. As of the publication date of the financial statements, is the company a shell company as defined in the TASE Regulations? ___

We hereby declare that we have completed the form in accordance with the data in the full financial statements.

Details of the authorized signatories on behalf of the corporation:

Name of signatory Position Chief Financial Officer 1 Guy Priel ___

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted under these Regulations shall be signed by the authorized signatories on behalf of the corporation. Staff’s position on the matter can be found on the Authority’s website: Click here .

Reference numbers of previous documents on the subject (the reference does not constitute incorporation by reference):

Securities of the corporation are listed for trading on the Tel-Aviv Stock Exchange

Form structure update date: 09/12/2025

Short name: Argo Properties

Address: pietersbergweg283 , Amsterdam1105BM Telephone: 31207920060 , Fax: 0793002104 E-mail: f.ganea@argo-nv.com

Previous names of reporting entity:

Name of electronic reporter: Priel GuyPosition: Chief Financial OfficerEmployer company name: Address: Zabotinski42 , Givataim5331803Telephone: 050-7405466Fax: E-mail: g.priel@argo-nv.com