Ashtrom Group Ltd. — Interim / Quarterly Report 2026

May 27, 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.

Ashtrom Group Ltd

ASHTROM GROUP LTD

Number in the register: 510381601

To: Israel Securities Authority
www.isa.gov.il

To: Tel-Aviv Stock Exchange Ltd.
www.tase.co.il

T930 (Public)

Filed via MAGNA: 27/05/2026

Reference: 2026-01-048864

Report on the financial position

Is this a report of a Periodic/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, it reported in the past within the framework of Form T932) will report within this form and will mark "Yes" in this field; the other corporations can move on to the following sections.

☐ Periodic report according to Chapter 8 of the Securities Regulations (Periodic and Immediate Reports), 1970
☐ Quarterly report according to Chapter D of the Securities Regulations (Periodic and Immediate Reports), 1970
☐ Semi-annual 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) On the determining date, the following conditions are met in the corporation: ____

(2) The corporation has chosen to apply the relief in the following matters:

☐ Reporting on a semi-annual basis
☐ Attachment of very material valuation reports
☐ Attachment of financial statements of an equity-accounted investee company
☐ Reporting regarding effectiveness of internal control
☐ The corporation did not adopt any relief

I Periodic report

1. Attached herewith is a Periodic report for the year _ which was signed on _.
2. Date of the meeting - insofar as a shareholders' meeting was convened at which the financial statements will be presented: ____.
3. Details of the signatories of 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 26/05/2026.

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

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

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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.

1. Attached is review report of the independent auditor

Date of signing of the independent auditor on the opinion/review: 26/05/2026.

1. Name of the independent auditor's firm

1 Kost, Forer, Gabbay & Kasierer, Accountants

Name of the signing independent auditor on the opinion:

License number of the independent auditor:

1. 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 text of the emphasis of matter:

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

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

Qualification
Adverse opinion
Disclaimer of opinion

Quoted paragraphs that are not required by the standard wording:

Explanation: If the auditors' opinion or the review report are not in the standard wording or include additions to the standard wording, specify the change and present from the auditors' opinion or the review report additional paragraphs that are not required by the standard wording (emphasis of matter, qualification, etc.).

1. Date of approval of the financial statements: 26/05/2026

2. Details of the signatories of the financial statements:

Name of signatory	Position of signatory
Avraham Nussbaum	Chairman of the Board of Directors
Gil Giron	Other CEO and Director
Gal Omer	Chief Financial Officer
Yeshayahu Abramovitz	Other Chief Accountant

1. Details of material equity-accounted investee companies whose financial statements are attached:

1 Name of company

Do the attached financial statements include a correction of an error by way of correction of comparative figures as a "restatement due to an immaterial adjustment of comparative figures": _____

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

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

1 Name of company

Do the attached financial statements include a correction of an error by way of correction of comparative figures as a "restatement due to an immaterial adjustment of comparative figures": _____

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

1. Has the corporation performed early application of an accounting standard No

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

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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 26/05/2026.

B. Details of the signatories of the Board of Directors' report:

Name of signatory	Position of signatory
Avraham Nussbaum	Chairman of the Board of Directors
Gil Giron	Other CEO and Director

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

Regarding the manner of completing the section and the exemption granted to companies from parallel reporting 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, marketable securities held for trading and short-term deposits based on data from the separate financial statements of the corporation ("solo" statements) (in thousands of NIS): 173,080
(2). Cash and cash equivalents, marketable securities held for trading and short-term deposits based on data from the consolidated financial statements of the corporation (in thousands of NIS): 775,709

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 as of the date of signing the report? Yes
2. Does one or more of the warning signs specified in the regulation apply to the company? Yes

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

Equity deficit.
Emphasis of matter referring to the financial position of the company, excluding emphasis of matter concerning significant doubts about the company's ability to continue as a going concern.

Deficit in working capital or deficit in working capital for a period of twelve months together with a continuous negative cash flow from operating activities (in the consolidated financial statements and in the separate financial statements according to Regulation 9G or Regulation 38D as the case may be).

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

Emphasis of matter regarding significant doubts about the company's ability to continue as a going concern.

3B. One or more of the following options should be completed according to the consolidated financial statements:

The company has a deficit in working capital or a deficit in working capital for a period of twelve months.
The company has a continuous negative cash flow from operating activities.
The company does not have a deficit in working capital or a deficit in working capital for a period of twelve months and does not have a continuous negative cash flow from operating activities.

3C. One or more of the following options should be completed according to separate financial information (Regulation 9G or 38D, as the case may be):

The company has a deficit in working capital or a deficit in working capital for a period of twelve months.
The company has a continuous negative cash flow from operating activities.
The company does not have a deficit in working capital or a deficit in working capital for a period of twelve months and does not have a continuous negative cash flow from operating activities.
The company is not required to publish separate financial information in accordance with Regulation 9G or 38D, as the case may be.

1. Mark the section relevant to the company:
   The company included in the Board of Directors' report disclosure regarding projected cash flow due to the existence of a warning sign.

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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.

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

The Board of Directors determined that the existence of a deficit in working capital or a deficit in working capital for a

period of twelve months or continuous negative cash flow from operating activities does not indicate a liquidity problem in the company.

F. Compliance with covenants for debentures:

1. Does the corporation comply with all financial covenants set out 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 independent auditor:

1 Total remuneration paid to the independent auditor __ for:

Audit services

Services other than audit services

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

Details regarding the independent auditor of material consolidated corporations:

It is required to enter the data separately for each CPA firm.

1 Total remuneration paid to the independent auditor
of material consolidated corporations of the corporation for:

Audit services

Services other than audit services

ISOX IV Report on internal control

1. Is the company exempt from applying internal control? No

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

A. An internal control management report, in the wording prescribed in the regulations, updated to the date of the statements, was attached (according to the Ninth Schedule - Periodic report - Regulation 9B; Quarterly report - Regulation 38(c)) Yes
If it is not in the wording prescribed in the regulations, specify the content of the change
B. The internal control as of the date of this report was found to be: Effective
C. Has the Board of Directors' conclusion regarding the effectiveness of control changed from the last report submitted (i.e. from effective control to non-effective and vice versa)? No

D. Management statements

1. Has the CEO's statement been attached in the standard wording prescribed in the regulations (Periodic report - Regulation 9B(d)(1); Quarterly report according to Regulation 38G(d)(1)) with an emphasis on Sections 1, 4(a) and 5(a)? Yes
2. Has the statement of the senior officer in the field of finance been attached, in the standard wording prescribed in the regulations - Annual report 9B(d)(2); Quarterly report Regulation 38G(d)(2)? Yes
3. Has the wording in Section 4 of the management statements been 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? Yes
4. Are the management statements signed as required (name of the officer and his signing date as of the date of signing the statements)? Yes

V Attached files

1. A. Periodic report in IXBRL format:

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

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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.

Periodic report in PDF format: Ashtrom_Group_March_2026_isa.pdf The quarterly report

B. Below is the file of the very material valuations which is required to be attached under Regulation 8B or Regulation 49 of the Securities Regulations (Periodic and Immediate Reports) 1970 respectively
C. _ Explanation for the information attached in the file: _

Are the attached PDF files in a textual format that allows searching? Yes

Do the financial statements include all comparative periods required under accounting standards and the Securities Regulations? Yes

VI Financial data (excluding earnings per share) in: Thousands of ILS (Israel, New Shekels)

Representative exchange rate of the reporting currency against the NIS at the end of the reporting period: _

1. Data from the consolidated statement of financial position

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

Assets

1. Total current assets	5,223,644
2. Total non-current assets	18,696,399
3. Total assets	23,920,043
Liabilities
4. Total current liabilities	6,302,679
5. Total non-current liabilities	11,851,874
6. Total liabilities	18,154,553
Equity
7. Total equity attributable to owners of the parent company	5,347,995
8. Non-controlling interests	417,495
9. Total equity	5,765,490
10. Total equity and liabilities	23,920,043

1. The method of presenting the income statement is:

☐ Presentation by function of expense
☐ Presentation by nature of expense

1. Data from the consolidated income statement: For a three-month period ended on the balance sheet date

In quarterly reports, the data should be filled in for the income statement for a period of 3 months and not for the cumulative period. In the semi-annual report, the data should be filled in for the income statement for a period of six months. Negative totals (such as loss from ordinary activities) will be recorded as a negative amount, i.e. with a "-" sign. If the item does not appear in the company's financial statements, select the appropriate check box.

1. Revenue 1,122,428
2. Gross profit ☐ Not relevant 223,435
3. Profit (loss) from operating activities ☐ Not relevant 50,534
4. Profit (loss) before tax -46,309
5. Profit (loss) -39,633

6. Profit (loss) attributable to:
   6.1 Profit (loss) attributable to owners of the parent company -37,070
   6.2 Profit (loss) attributable to non-controlling interests -2,563

7. Earnings per share

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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.

7.1 Total basic earnings (loss) per share -0.33
7.2 Total diluted earnings (loss) per share -0.33

1. Total comprehensive income -108,207
   8.1. Comprehensive income attributable to owners of the parent company -99,406
   8.2. Comprehensive income attributable to non-controlling interests -8,801

2. Data from the statement of cash flows: For a three-month period ended on the balance sheet date
   Cash flows used for activities will be recorded as a negative amount, i.e. with a "-" sign
   (1) Net cash flows from (used in) operating activities -517,392
   (2) Net cash flows from (used in) investing activities -730,759
   (3) Net cash flows from (used in) financing activities 810,572
   (4) Effect of exchange rate changes of foreign currency on cash and cash equivalents -2,155
   (5) Other effects not reflected in items 1-4 above 0

Increase (decrease), net in cash and cash equivalents during the period -439,734
Balance of cash and cash equivalents at beginning of period 945,552
Balance of cash and cash equivalents at end of period 505,818

1. A. As of the date of the financial statements 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 according to the data in the full financial statements.

Details of the authorized signatories on behalf of the corporation:

Name of signatory	Position
Avraham Nussbaum	Chairman of the Board of Directors
Gil Giron	CEO and Director

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report filed under these regulations will be signed by the authorized signatories on behalf of the corporation. The staff's position on the subject 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
Date of last update of the form structure: 09/12/2025
Short name: Ashtrom Group
Address: HaYarkon3, Bnei Brak5120124 Telephone: 03-6231399, Fax: 03-6231401
Email: dalia@ashtrom.co.il Company website: http://www.ashtrom.co.il/

Previous names of the reporting entity:

Name of electronic reporter: Efron Ehud (Udi) Position: External Legal Counsel
Name of employing firm: M. Firon & Co., Advocates
Address: HaShlosha2, Tel Aviv6706054 Telephone: 03-7540063 Fax: 03-7540011 Email: udie@firon.co.il