Electra Ltd. — Interim / Quarterly Report 2026

May 25, 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.

Electra Ltd

ELECTRA LTD

Number in the register: 520028911

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

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

T930 (Public)

Filed via MAGNA: 25/05/2026

Reference: 2026-01-047792

Report on the financial position

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

Explanation: From the financial statements for the first quarter of 2017 onward, a corporation that is an insurer (that is, has reported in the past by means of Form T932) shall report within this form and shall mark "Yes" in this field; all other corporations may proceed 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

In the reporting period the corporation meets the definition of "Small corporation" No

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

(1) The following conditions are met in the corporation on the determining date: ____

(2) The corporation chose to apply the reliefs in the following matters:

☐ Reporting in a semi-annual format
☐ Attachment of highly material valuations
☐ Attachment of financial statements of an associate 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 _ signed on _.
2. Date of the meeting – to the extent that 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.

Signed on 25/05/2026.

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

Do the attached financial statements include a 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 signature of the independent auditor on the opinion/review: 25/05/2026.

1. Name of the independent auditor's firm

1 Kost, Forer, Gabbay & Kasierer, Certified Public Accountants

Name of the independent auditor signing 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 wording of the emphasis of matter:

D. Type of change 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 change and present from the auditors' opinion or the review report additional paragraphs that are not required in the standard wording (emphasis of matter, qualification, etc.).

1. Date of approval of the financial statements: 25/05/2026

2. Details of the signatories of the financial statements:

Name of signatory	Position of signatory
Michael Zalkind	Chairman of the Board of Directors
Itamar Deutscher	CEO
Shai Amsalem	Chief Financial Officer

1. Details of material associates 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 "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 "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 made early application of an accounting standard No

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

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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 Directors' report – presentation

1. A. Attached herewith is the Directors' report signed on 25/05/2026.

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

Name of signatory	Position of signatory
Michael Zalkind	Chairman of the Board of Directors
Itamar Deutscher	CEO

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

Regarding the manner of completing this section and the exemption granted to companies from parallel reporting of Form 126, see Q&A No. 105.37 at the following link: Link

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

☐ Yes
☐ No

(1). Cash and cash equivalents, securities held for trading and short-term deposits based on data from the corporation's separate financial statements ("solo" statements) (in NIS thousands): 416,000
(2). Cash and cash equivalents, securities held for trading and short-term deposits based on data from the corporation's consolidated financial statements (in NIS thousands): 1,306,000

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

E. Disclosure regarding projected cash flows pursuant to 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 any one of the warning signs prescribed in the Regulation apply to the company? No

3a. Mark all warning signs applicable to the company:

☐ Deficit in equity.
☐ Emphasis of matter referring to the financial position of the company, other than an emphasis of matter regarding significant doubts about the company's ability to continue as a going concern.
Deficit in working capital or in working capital for a twelve-month period together with a continuing negative cash flow from operating activities (in the consolidated financial statements and also in the separate financial statements pursuant to Regulation 9G or Regulation 38D, as applicable).
Deficit in working capital or in working capital for a twelve-month period 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 significant doubts about the company's ability to continue as a going concern.

3b. Complete one or more of the following options according to the consolidated financial statements:

☐ The company has a deficit in working capital or in working capital for a twelve-month period.
☐ The company has a continuing negative cash flow from operating activities.
☐ The company does not have a deficit in working capital or in working capital for a twelve-month period and does not have a continuing negative cash flow from operating activities.

3c. Complete one or more of the following options according to separate financial information (Regulation 9G or 38D, as applicable):

☐ The company has a deficit in working capital or in working capital for a twelve-month period.
☐ The company has a continuing negative cash flow from operating activities.
☐ The company does not have a deficit in working capital or in working capital for a twelve-month period and does not have a continuing negative cash flow from operating activities.
☐ The company is not required to publish separate financial information pursuant to Regulation 9G or 38D, as applicable.

1. Mark the clause relevant to the company:

☐ The company included in the Directors' report disclosure regarding projected cash flows due to the existence of a warning sign.

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

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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.

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 twelve-month period or a continuing negative cash flow from operating activities does not indicate a liquidity problem in the company.

F. Compliance with covenants in respect of debentures:

1. Does the corporation comply with all the financial covenants stipulated in the trust deeds? Yes
2. Does non-compliance with the financial covenants give rise to grounds for immediate repayment of the debentures?

G. Details regarding the independent auditor of the corporation:

1. Total fee paid to the independent auditor __ for:
2. Audit services
3. Services that are not audit services

Note: The total fee 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 entities:

The data must be entered separately for each accounting firm.

1. Total fee paid to the independent auditor __ of material consolidated entities of the corporation for:
2. Audit services
3. Services that are not audit services

ISOX IV Report on internal control

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

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

A. A management report on internal control, in the wording prescribed in the Regulations, updated to the date of the statements (according to the Ninth Addendum – Periodic report – Regulation 9B; Quarterly report – Regulation 38(c)) has been attached Yes
If it is not according to the wording prescribed in the Regulations, specify the content of the change

B. Internal control as of 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 from the last report submitted (that is, from effective control to ineffective and vice versa)? No

D. Management declarations

1. Has a CEO declaration been attached according to the standard wording prescribed 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. Has a declaration of the senior officer in the finance area been attached, according to 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 declarations been adjusted according to what is prescribed in 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 declarations signed as required (name of the officer and date of his signature as of the date of signing the statements)? Yes

V Attached files

1. A. Periodic report in IXBRL format: __

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

Periodic report in PDF format: Electra-FS-Q1-26_isa.pdf The quarterly report

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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.

B. Below is the file of highly material valuations whose attachment is required according to 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 a textual format that allows searching? Yes

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

VI Financial data (except earnings per share) in: Millions 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

The amounts of assets and liabilities shall be recorded as a positive amount, i.e., with a "+" sign, whereas amounts appearing in the company's Statements of Financial Position in parentheses (such as a deficit in equity) shall be recorded as a negative amount, i.e., with a "-" sign.

Assets
1. Total current assets	9,005
2. Total non-current assets	4,620
3. Total assets	13,625
Liabilities
4. Total current liabilities	8,118
5. Total non-current liabilities	3,145
6. Total liabilities	11,263
Equity
7. Total equity attributable to owners of the parent company	1,815
8. Non-controlling interests	547
9. Total equity	2,362
10. Total equity and liabilities	13,625

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

☐ Presentation by function of activity
☐ Presentation by nature

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

In Quarterly reports, fill in the data in the statement of profit or loss for the 3-month period, and not for the cumulative period. In Semi-annual reports, fill in the data in the statement of profit or loss for the six-month period. 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, select the appropriate checkbox.

1. Revenue 3,853
2. Gross profit ☐ Not relevant 260
3. Profit (loss) from operating activities ☐ Not relevant 111
4. Profit (loss) before tax 81
5. Profit (loss) 60

6. Profit (loss) attributable to:
   6.1 Profit (loss) attributable to owners of the parent company 44
   6.2 Profit (loss) attributable to non-controlling interests 16

7. Earnings per share

7.1 Total basic earnings (loss) per share 0.57
7.2 Total diluted earnings (loss) per share 0.57

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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. Total comprehensive income 37

8.1. Comprehensive income attributable to owners of the parent company 21
8.2. Comprehensive income attributable to non-controlling interests 16

1. Data from the statement of cash flows: For the three-month period ended on the balance sheet date

Cash flows used for activities shall be recorded as a negative amount, i.e., with a "-" sign

(1) Net cash flows from (used in) operating activities -225
(2) Net cash flows from (used in) investing activities -171
(3) Net cash flows from (used in) financing activities 367
(4) Effect of changes in foreign exchange rates on cash and cash equivalents -6
(5) Additional effects not reflected in sections (1)-(4) above 0

Increase (decrease), net in cash and cash equivalents during the period -35

Balance of cash and cash equivalents at beginning of period 1,338

Balance of cash and cash equivalents at end of period 1,303

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

B. As of the date of publication of the financial report, 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
1	Shai Amsalem	Chief Financial Officer
2	Ronit Barzilai	Other Vice President and Legal Counsel

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted pursuant to these Regulations shall be signed by the authorized signatories on behalf of the corporation. The 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 inclusion by reference):

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

Date of last update of form structure: 09/12/2025

Short name: Electra

Address: Jabotinsky2, Ramat Gan5250501 Telephone: 03-7535676, Fax: 03-7535677

E-mail: corpsecretary@electra.co.il Company website:www.electra.co.il

Previous names of reporting entity: Electra (Israel) Ltd

Name of electronic filer: Amsalem Shai Meir Position: Chief Financial OfficerName of employing company:

Address: Jabotinsky 2, Ramat Gan 5250501Telephone: 03-7535676Fax: 03-7535677E-mail: shaia@electra.co.il