Equital Ltd. — Interim / Quarterly Report 2026

May 31, 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.

Equital Ltd.

EQUITAL LTD

Company number in the registry: 520030859

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

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

T930 (Public)

Filed via MAGNA: 31/05/2026

Reference: 2026-01-051537

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, it reported in the past within Form T932) will report within this form and will mark "Yes" in this field; other corporations may proceed to the following sections.

☐ Periodic report pursuant to Chapter B of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970
☐ Quarterly report pursuant to Chapter D of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970
☐ Semi-annual report pursuant to Regulation 5D of the Securities Regulations (Periodic and Immediate Reports), 5730 - 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), 5730-1970

(1) As of the determining date, the following conditions are met in the corporation: ____

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

☐ Reporting in a semi-annual format
☐ Attachment of very material valuation reports
☐ Attachment of financial statements of an associate
☐ 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 - to the extent that a shareholders' meeting has been convened at which the financial statements will be presented: ____.
3. Details of signatories to the Periodic report:

Name of signatory	Position of signatory
_____	_____

II Financial statements

1. The following is attached:

☐ Periodic report for the year ____
☐ Quarterly report for the period ended on 31/03/2026.

Which was signed on 31/05/2026.

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 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 auditing accountant

Date of signature of the auditing accountant on the opinion / review: 31/05/2026.

1. Name of the auditing accounting firm

1 Kost, Forer, Gabbay & Kasierer, Accountants

Name of the auditing accountant signing the opinion:

License number of the auditing accountant:

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" was 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 in the standard wording:

Explanation: If the auditors' opinion or 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 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: 31/05/2026

2. Details of the signatories to the financial statements:

Name of signatory	Position of signatory
Haim Tzuft	Chairman of the Board of Directors
Eran Landner	CEO
Eitan Woloch	VP Finance

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 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 made early application of an accounting standard No

Explanation: If "Yes" is selected, 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 which was signed on 31/05/2026.

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

Name of signatory	Position of signatory
Haim Tzuft	Chairman of the Board of Directors
Eran Landner	CEO

C. Does the corporation have obligations that it is required to disclose pursuant to Regulations 9D and 38E of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970: Yes

Regarding the manner of completing this section and the exemption granted to companies from parallel reporting in Form 126, see FAQ no. 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 separate financial statements of the corporation ("solo" statements) (in thousands of NIS): 102,464
(2). Cash and cash equivalents, securities held for trading and short-term deposits based on data from the consolidated financial statements of the corporation (in thousands of NIS): 2,888,886

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), 5730 - 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. Is one or more of the warning signs set in the Regulation present in the company? No

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

Deficit in equity.
Emphasis of matter referring to the company's financial situation, except for an emphasis of matter regarding significant doubts concerning the continuation of the company's operations as a going concern.
Deficit in working capital or in working capital for a period of twelve months together with a continuous 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 the case may be).
Deficit in working capital or in working capital for a period of twelve months or continuous 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 concerning the continuation of the company's operations as a going concern.

3B. Fill in 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 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 in working capital for a period of twelve months and does not have a continuous negative cash flow from operating activities.

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

The company has a deficit in working capital or 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 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 pursuant to Regulation 9G or 38D, as the case may be.

1. Mark the paragraph relevant to the company:

The company included in the 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 company's 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 financial covenants for debentures:

1. Does the corporation comply with all financial covenants set 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 auditing accountant:

1 Total remuneration paid to the auditing accountant __ for:

Audit services

Non-audit services

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

Details regarding the auditing accountant of material consolidated corporations:

The data must be entered separately for each accounting firm.

1 Total remuneration paid to the auditing accountant

Of material consolidated corporations of the corporation for:

Audit services

Non-audit services

ISOX IV Report on internal control

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

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

A. A management report on internal control, in the wording set 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 set 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 statements

1. Has the CEO's statement been attached according to the standard wording set 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 the statement of the senior officer in the field of finance been attached, according to the standard wording set 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 according to 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 signature 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 ISA 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: Equital_Quarterly_Reports_First_Quarter_2026_isa.pdf The quarterly report

B. Below is the file of very material valuation reports, the attachment of which is required pursuant to Regulation 8B or Regulation 49 of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970, as applicable
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 the comparative periods required under accounting standards and the Securities Regulations? Yes

VI Financial data (excluding earnings per share) in: Thousands ofILS (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, that is, with a "+" sign, whereas amounts appearing in the company's balance sheets in brackets (such as equity deficit), shall be recorded as a negative amount, that is, with a "-" sign.

Assets
1. Total current assets	4,514,504
2. Total non-current assets	20,968,274
3. Total assets	25,482,778
Liabilities
4. Total current liabilities	2,205,260
5. Total non-current liabilities	10,109,040
6. Total liabilities	12,314,300
Equity
7. Total equity attributable to owners of the parent company	6,391,733
8. Non-controlling interests	6,776,745
9. Total equity	13,168,478
10. Total equity and liabilities	25,482,778

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

☐ Presentation by function of activity
☐ 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 in the statement of profit or loss must be completed for a period of 3 months and not for the cumulative period. In a semi-annual report, the data in the statement of profit or loss must be completed for a period of six months. Negative totals (such as loss from ordinary activities) shall be recorded as a negative amount, that is, with a "-" sign. If the item does not appear in the company's financial statements, select the appropriate checkbox.

1. Revenue 785,641
2. Gross profit ☐ Not relevant 512,820
3. Profit (loss) from operating activities ☐ Not relevant 455,546
4. Profit (loss) before tax 285,501
5. Profit (loss) 221,406

6. Profit (loss) attributable to:
   6.1 Profit (loss) attributable to owners of the parent company 88,345
   6.2 Profit (loss) attributable to non-controlling interests 133,061

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 2.79
7.2 Total diluted earnings (loss) per share 2.79

1. Total comprehensive income 182,568

8.1. Comprehensive income attributable to owners of the parent company 68,193
8.2. Comprehensive income attributable to non-controlling interests 114,375

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, that is, with a "-" sign

(1) Net cash flows provided by (used in) operating activities 306,086
(2) Net cash flows provided by (used in) investing activities -88,108
(3) Net cash flows provided by (used in) financing activities -788,550
(4) Effect of exchange rate changes of foreign currency on cash and cash equivalents -3,996
(5) Additional effects not reflected in sections 1-4 above 0

Net increase (decrease) in cash and cash equivalents during the period -574,568

Cash and cash equivalents at beginning of period 2,444,484

Cash and cash equivalents at end of period 1,869,916

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 publication date 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 signatories authorized to sign on behalf of the corporation:

	Name of signatory	Position
1	Eran Landner	General Manager
2	Eitan Woloch	VP Finance

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 - 1970), a report submitted pursuant to these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff position on this matter can be found on the ISA 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: Equital

Address: Granite8, Petah Tikva P.O.B. 7313 4951407 Telephone: 03-9229225, Fax: 03-9229255

Email: david.s@equital-group.com

Former names of the reporting entity: Pas-Port Ltd.

Name of electronic reporter: Shinberg DavidHis position: Company Secretary and Internal Enforcement OfficerName of employing company:

Address: Granite8, Petah Tikva4951407Telephone: 03-9229225Fax: 03-9229255Email: david.s@equital-group.com