Granolio d.d. — Interim / Quarterly Report 2026

Apr 30, 2026

Unconsolidated financial results for the three months period ended 31 March 2026 (unaudited)

Granolio

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General information on Granoliod.d.

GRANOLIO d.d. ("The Company") is a joint-stock company registered with the Commercial Court of Zagreb, Croatia.

The Company's tax number (OIB) is 59064993527, and its registration number (MBS) 080111595.

The Company's headquarter is located in Zagreb at Budmanijeva 5.

The Company has General Assembly, Supervisory Board and Management Board.

Subsidiaries

The Company holds 100% of the shares in the Zdenačka farma d.o.o.

It has a controlling influence in the decision-making process in Zdenka mliječni proizvodi d.o.o. which has been consolidated into the Granolio Group since 2011.

The Company also holds minority interests in the Žitozajednica d.o.o.

Ownership in subsidiaries is presented in the organizational chart below:

Significant business events in the accounting period

The company operates within the food industry, and despite the Covid 19 pandemic and situation in Ukraine, no significant changes in demand for the products produced by the company are expected.

The company's operations will certainly be affected by interest rate movements, fiscal policy, the company's purchasing power and other factors.

Company's financial indicators for the three months of 2026.

In thousands EUR

Granolio d.d.	1-3 2026	1-3 2025	change
Operating income	15.609	16.957	(1.348)	(8%)
Operating expenses	15.324	16.371	(1.047)	(6%)
EBIT	285	586	(301)	(51%)
EBIT margin	2%	3%
EBITDA	671	961	(290)	(30%)
EBITDA margin	4%	6%
Net financial result	(2)	551	(553)	(100%)
Net result for the period	284	1.137	(853)	(75%)

*EBITDA= EBIT + depreciation + impairment expenses

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In the three-month period of 2026, a more favorable operating result was achieved compared to the same period of the previous year due to the increase in flour quantity sales.

The net financial result represents the difference between financial income and financial expenses.

In thousands EUR

Granolio d.d.	31.3.2026	31.12.2025	change
Net asset (capital and reserves)	25.135	24.829	306	1%
Total debt to financial institutions	24.338	21.742	2.596	12%
Cash and cash equivalents	234	151	83	55%
Loans given, deposits etc.*	3.543	3.885	(342)	(9%)
Net debt	20.561	17.706	2.855	16%
Net debt/EBITDA	6,26	4,96
EBITDA for the last 12 months	3.283	3.573	(290)	(8%)

*Loans given, securities and deposits

The total debt of the company has increased due to new loans.

The Company monitors its business operations through four business segments:

1. Flour
2. Sowing material (wholesale of: fertilizers, protective materials and seeds)
3. Trading (wholesale of grains, oil crops and bakery products)
4. Other (rendering services of storage, drying and reception of grains and oil crops at the reception stations, cattle breeding, other)

Employees

In the three-month period 2026 the Company employed 218 employees.

Redemption of treasury shares

By the decision of the General Assembly of 9 June 2016, the Company transferred part of the profit for the business year 2015 in the amount of HRK 800 thousand to reserves for treasury shares.

In the third quarter of 2024, the Company purchased 500 of its own shares

Environment

Regarding environmental protection, the Company has implemented comprehensive and systematic solutions and established environmentally friendly production processes.

Other

The Supervisory Board has approved Company's financial statements for the three-month period of 2026.

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Annex 1

ISSUER'S GENERAL DATA

Reporting period: 1.1.2026 to 31.3.2026

Year: 2026

Quarter: 1

Quarterly financial statements

Registration number (MB):	01244272	Issuer's home Member State code:	HRVATSKA
Entity's registration number (MBS):	08011595
Personal identification number (OIB):	59064993527	LEI:	213800O3Z6ZSDBAKG321
Institution code:	15989
Name of the issuer:	GRANOLIO d.d.
Postcode and town:	10000	ZAGREB
Street and house number:	Budmanijeva 5
E-mail address:	granolio@granolio.hr
Web address:	www.granolio.hr
Number of employees (end of the reporting):	218
Consolidated report:	KN	(KN-not consolidated/KD-consolidated)
Audited:	RN	(RN-not audited/RD-audited)
Names of subsidiaries (according to IFRS):		Registered office:	MB:
Bookkeeping firm:	No	(Yes/No)	(name of the bookkeeping firm)
Contact person:	MIRJANA KELAVA
Telephone:	(only name and surname of the contact person) 01/6320-233
E-mail address:	mkelava@granolio.hr
Audit firm:	BDO CROATIA
Certified auditor:	(name of the audit firm) VEDRANA STIPIC
	(name and surname)

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BALANCE SHEET

balance as at 01.01.2026

in EUR

GRANOLIO d.d.

Item	ADP code	Last day of the preceding business year	At the reporting date of the current period
1	2	3	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0,00	0,00
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	40.886.684,44	40.573.612,13
I INTANGIBLE ASSETS (ADP 004 to 009)	003	979.461,04	960.547,69
1 Research and development	004	0,00	0,00
2 Concessions, patents, licences, trademarks, software and other rights	005	979.461,04	960.547,69
3 Goodwill	006	0,00	0,00
4 Advances for the purchase of intangible assets	007	0,00	0,00
5 Intangible assets in preparation	008	0,00	0,00
6 Other intangible assets	009	0,00	0,00
II TANGIBLE ASSETS (ADP 011 to 019)	010	30.519.231,15	30.225.072,19
1 Land	011	1.318.115,06	1.318.115,06
2 Buildings	012	18.253.025,79	18.085.907,94
3 Plant and equipment	013	8.600.483,96	8.466.726,31
4 Tools, working inventory and transportation assets	014	263.105,35	251.652,01
5 Biological assets	015	0,00	0,00
6 Advances for the purchase of tangible assets	016	0,00	0,00
7 Tangible assets in preparation	017	1.235.630,01	1.254.118,01
8 Other tangible assets	018	13.911,37	13.593,25
9 Investment property	019	834.959,61	834.959,61
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	9.387.992,25	9.387.992,25
1 Investments in holdings (shares) of undertakings within the group	021	9.347.370,37	9.347.370,37
2 Investments in other securities of undertakings within the group	022	0,00	0,00
3 Loans, deposits, etc. to undertakings within the group	023	0,00	0,00
4 Investments in holdings (shares) of companies linked by virtue of participating interests	024	0,00	0,00
5 Investment in other securities of companies linked by virtue of participating interests	025	0,00	0,00
6 Loans, deposits etc. to companies linked by virtue of participating interests	026	0,00	0,00
7 Investments in securities	027	31.363,50	31.363,50
8 Loans, deposits, etc. given	028	9.152,20	9.152,20
9 Other investments accounted for using the equity method	029	0,00	0,00
10 Other fixed financial assets	030	106,18	106,18
IV RECEIVABLES (ADP 032 to 035)	031	0,00	0,00
1 Receivables from undertakings within the group	032	0,00	0,00
2 Receivables from companies linked by virtue of participating interests	033	0,00	0,00
3 Customer receivables	034	0,00	0,00
4 Other receivables	035	0,00	0,00
V DEFERRED TAX ASSETS	036	0,00	0,00
C) CURRENT ASSETS (ADP 038+046+053+063)	037	22.301.684,86	23.082.613,95
I INVENTORIES (ADP 039 to 045)	038	4.304.148,77	3.601.590,02
1 Raw materials and consumables	039	3.263.448,79	2.380.400,14
2 Production in progress	040	0,00	3,20
3 Finished goods	041	347.459,74	376.224,08
4 Merchandise	042	693.240,24	844.962,60
5 Advances for inventories	043	0,00	0,00
6 Fixed assets held for sale	044	0,00	0,00
7 Biological assets	045	0,00	0,00
II RECEIVABLES (ADP 047 to 052)	046	14.001.763,52	15.744.591,36
1 Receivables from undertakings within the group	047	1.003.765,30	940.890,16
2 Receivables from companies linked by virtue of participating interests	048
3 Customer receivables	049	11.014.142,90	12.776.409,63
4 Receivables from employees and members of the undertaking	050	0,00	0,00
5 Receivables from government and other institutions	051	701.263,23	392.435,81
6 Other receivables	052	1.282.592,09	1.634.855,76
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	3.844.826,51	3.502.496,67
1 Investments in holdings (shares) of undertakings within the group	054	0,00	0,00
2 Investments in other securities of undertakings within the group	055	0,00	0,00
3 Loans, deposits, etc. to undertakings within the group	056	1.289.632,49	933.364,35

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4 Investments in holdings (shares) of companies linked by virtue of participating interests	057	0,00	0,00
5 Investment in other securities of companies linked by virtue of participating interests	058	0,00	0,00
6 Loans, deposits etc. to companies linked by virtue of participating interests	059	0,00	0,00
7 Investments in securities	060	19.858,46	19.858,46
8 Loans, deposits, etc. given	061	2.535.335,56	2.549.273,86
9 Other financial assets	062	0,00	0,00
IV CASH AT BANK AND IN HAND	063	150.946,06	233.935,90
D) PREPAID EXPENSES AND ACCRUED INCOME	064	162.297,97	521.523,56
E) TOTAL ASSETS (ADP 001+002+037+064)	065	63.350.667,27	64.177.749,64
OFF-BALANCE SHEET ITEMS	066	5.928,28	5.928,28
A) CAPITAL AND RESERVES (ADP 068 to	067	24.828.768,39	25.135.096,61
I INITIAL (SUBSCRIBED) CAPITAL	068	2.523.910,00	2.523.910,00
II CAPITAL RESERVES	069	11.171.207,95	11.171.207,95
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	1.348.859,45	1.348.859,45
1 Legal reserves	071	1.239.181,20	1.239.181,20
2 Reserves for treasury shares	072	109.678,25	109.678,25
3 Treasury shares and holdings (deductible item)	073	0,00	0,00
4 Statutory reserves	074	0,00	0,00
5 Other reserves	075	0,00	0,00
IV REVALUATION RESERVES	076	4.865.938,28	4.766.321,82
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 083)	077	0,00	0,00
1 Financial assets at fair value through other comprehensive income (i.e. available for sale)	078	0,00	0,00
2 Cash flow hedge - effective portion	079	0,00	0,00
3 Hedge of a net investment in a foreign operation - effective portion	080	0,00	0,00
4 Other fair value reserves	081	0,00	0,00
5 Exchange rate differences from translation of foreign operations (consolidation)	082	0,00	0,00
6 Exchange rate differences from translation into the presentation business	083	0,00	0,00
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 085-	084	3.791.923,09	5.040.336,61
1 Retained profit	085	3.791.923,09	5.040.336,61
2 Loss brought forward	086	0,00	0,00
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 088-089)	087	1.126.929,62	284.460,78
1 Profit for the business year	088	1.126.929,62	284.460,78
2 Loss for the business year	089	0,00	0,00
VIII MINORITY (NON-CONTROLLING) INTEREST	090	0,00	0,00
B) PROVISIONS (ADP 092 to 097)	091	0,00	0,00
1 Provisions for pensions, termination benefits and similar	092	0,00	0,00
2 Provisions for tax liabilities	093	0,00	0,00
3 Provisions for ongoing legal cases	094	0,00	0,00
4 Provisions for renewal of natural resources	095	0,00	0,00
5 Provisions for warranty obligations	096	0,00	0,00
6 Other provisions	097	0,00	0,00
C) LONG-TERM LIABILITIES (ADP 099 to 109)	098	16.637.406,87	16.234.000,52
1 Liabilities to undertakings within the group	099	0,00	0,00
2 Liabilities for loans, deposits, etc. of undertakings within the group	100	0,00	0,00
3 Liabilities to companies linked by virtue of participating interests	101	0,00	0,00
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	102	0,00	0,00
5 Liabilities for loans, deposits etc.	103	265.445,62	266.445,61
6 Liabilities to banks and other financial institutions	104	15.137.505,12	14.796.546,66
7 Liabilities for advance payments	105	0,00	0,00
8 Liabilities to suppliers	106	0,00	0,00
9 Liabilities for securities	107	166.323,26	124.742,45
10 Other long-term liabilities	108	0,00	0,00
11 Deferred tax liability	109	1.068.132,87	1.046.265,80
D) SHORT-TERM LIABILITIES (ADP 111 to 124)	110	20.767.317,97	21.682.904,85
1 Liabilities to undertakings within the group	111	134.510,35	309.065,15
2 Liabilities for loans, deposits, etc. of undertakings within the group	112	0,00	0,00
3 Liabilities to companies linked by virtue of participating interests	113	0,00	0,00
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	114	0,00	0,00
5 Liabilities for loans, deposits etc.	115	4.734.051,20	4.734.051,58
6 Liabilities to banks and other financial institutions	116	1.272.413,70	4.249.628,82

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7 Liabilities for advance payments	117	469.073,34	158.463,90
8 Liabilities to suppliers	118	12.778.051,30	10.302.841,11
9 Liabilities for securities	119	166.323,25	166.323,25
10 Liabilities to employees	120	323.865,43	325.678,27
11 Taxes, contributions and similar liabilities	121	208.711,29	746.364,19
12 Liabilities arising from the share in the result	122	0,00	0,00
13 Liabilities arising from fixed assets held for sale	123	0,00	0,00
14 Other short-term liabilities	124	680.318,11	690.488,58
E) ACCRUALS AND DEFERRED INCOME	125	1.117.174,04	1.125.747,66
F) TOTAL – LIABILITIES (ADP 067+091+098+110+125)	126	63.350.667,27	64.177.749,64
G) OFF-BALANCE SHEET ITEMS	127	5.928,28	5.928,28

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STATEMENT OF PROFIT OR LOSS

for the period 01.01.2026 to 31.03.2026

in EUR

GRANOLIO d.d.

Item	ADP code	Same period of the previous year		Current period
		Cumulative	Quarter	Cumulative	Quarter
1	2	3	4	5	6
I OPERATING INCOME (ADP 002 to 008)	001	16,957,565,17	16,957,565,17	15,609,813,58	15,609,813,58
1 Income from sales with undertakings within the group	002	229,425,10	229,425,10	270,239,17	270,239,17
2 Income from sales	003	16,254,962,29	16,254,962,29	15,075,045,68	15,075,045,68
3 Income from the use of own products, goods and services	004	671,71	671,71	855,90	855,90
4 Other operating income with undertakings within the group	005	0,00	0,00	0,00	0,00
5 Other operating income (outside the group)	006	472,506,07	472,506,07	263,672,83	263,672,83
II OPERATING EXPENSES (ADP 09+009+013+017+018+019+022+029)	007	16,371,896,71	16,371,896,71	15,323,729,16	15,323,729,16
1 Changes in inventories of work in progress and finished goods	008	-180,522,05	-180,522,05	-31,663,47	-31,663,47
2 Material costs (ADP 010 to 012)	009	14,536,489,39	14,536,489,39	13,262,062,19	13,262,062,19
a) Costs of raw materials and consumables	010	10,830,216,77	10,830,216,77	9,695,111,67	9,695,111,67
b) Costs of goods sold	011	2,171,261,52	2,171,261,52	2,156,949,05	2,156,949,05
c) Other external costs	012	1,535,011,06	1,535,011,06	1,410,001,43	1,410,001,43
3 Staff costs (ADP 014 to 016)	013	1,341,150,85	1,341,150,85	1,496,219,89	1,496,219,89
a) Net salaries and wages	014	839,225,86	839,225,86	921,855,72	921,855,72
b) Tax and contributions from salary costs	015	332,346,72	332,346,72	387,301,14	387,301,14
c) Contributions on salaries	016	169,578,27	169,578,27	187,063,03	187,063,03
4 Depreciation	017	375,225,34	375,225,34	385,492,99	385,492,99
5 Other costs	018	212,652,25	212,652,25	138,080,84	138,080,84
6 Value adjustments (ADP 020+021)	019	0,00	0,00	0,00	0,00
a) fixed assets other than financial assets	020	0,00	0,00	0,00	0,00
b) current assets other than financial assets	021	0,00	0,00	0,00	0,00
7 Provisions (ADP 023 to 028)	022	0,00	0,00	0,00	0,00
a) Provisions for pensions, termination benefits and similar	023	0,00	0,00	0,00	0,00
b) Provisions for tax liabilities	024	0,00	0,00	0,00	0,00
c) Provisions for ongoing legal cases	025	0,00	0,00	0,00	0,00
d) Provisions for renewal of natural resources	026	0,00	0,00	0,00	0,00
e) Provisions for warranty obligations	027	0,00	0,00	0,00	0,00
f) Other provisions	028	0,00	0,00	0,00	0,00
8 Other operating expenses	029	86,900,97	86,900,97	73,536,76	73,536,76
III FINANCIAL INCOME (ADP 031 to 040)	030	1,042,686,36	1,042,686,36	364,945,68	364,945,68
1 Income from investments in holdings (shares) of undertakings within	031	1,000,000,00	1,000,000,00	350,000,00	350,000,00
2 Income from investments in holdings (shares) of companies linked by virtue of participating interests	032	0,00	0,00	0,00	0,00
3 Income from other long-term financial investment and loans granted to undertakings within the group	033	1,784,30	1,784,30	1,265,18	1,265,18
4 Other interest income from operations with undertakings within the group	034	0,00	0,00	0,00	0,00
5 Exchange rate differences and other financial income from operations with undertakings within the group	035	0,00	0,00	0,00	0,00
6 Income from other long-term financial investments and loans	036	40,266,08	40,266,08	9,230,73	9,230,73
7 Other interest income	037	635,98	635,98	4,449,77	4,449,77
8 Exchange rate differences and other financial income	038	0,00	0,00	0,00	0,00
9 Unrealised gains (income) from financial assets	039	0,00	0,00	0,00	0,00
10 Other financial income	040	0,00	0,00	0,00	0,00
IV FINANCIAL EXPENSES (ADP 042 to 048)	041	492,097,54	492,097,54	366,569,34	366,569,34
1 Interest expenses and similar expenses with undertakings within the group	042	0,00	0,00	0,00	0,00
2 Exchange rate differences and other expenses from operations with	043	0,00	0,00	0,00	0,00
3 Interest expenses and similar expenses	044	486,134,60	486,134,60	360,769,30	360,769,30
4 Exchange rate differences and other expenses	045	0,00	0,00	0,00	0,00
5 Unrealised losses (expenses) from financial assets	046	0,00	0,00	0,00	0,00
6 Value adjustments of financial assets (net)	047	0,00	0,00	0,00	0,00
7 Other financial expenses	048	5,962,94	5,962,94	5,800,04	5,800,04
V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS	049	0,00	0,00	0,00	0,00
VI SHARE IN PROFIT FROM JOINT VENTURES	050	0,00	0,00	0,00	0,00
VII SHARE IN LOSS OF COMPANIES LINKED BY VRITUE OF PARTICIPATING INTEREST	051	0,00	0,00	0,00	0,00
VIII SHARE IN LOSS OF JOINT VENTURES	052	0,00	0,00	0,00	0,00
IX TOTAL INCOME (ADP 001+030+049+050)	053	18,000,251,53	18,000,251,53	15,974,759,28	15,974,759,28
X TOTAL EXPENDITURE (ADP 007+041+051+052)	054	16,863,994,25	16,863,994,25	15,690,298,50	15,690,298,50
XI PRE-TAX PROFIT OR LOSS (ADP 053-054)	055	1,136,257,28	1,136,257,28	284,460,76	284,460,76
1 Pre-tax profit (ADP 053-054)	056	1,136,257,28	1,136,257,28	284,460,76	284,460,76
2 Pre-tax loss (ADP 054-053)	057	0,00	0,00	0,00	0,00
XII INCOME TAX	058	0,00	0,00
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059)	059	1,136,257,28	1,136,257,28	284,460,76	284,460,76
1 Profit for the period (ADP 055-059)	060	1,136,257,28	1,136,257,28	284,460,76	284,460,76
2 Loss for the period (ADP 059-055)	061	0,00	0,00	0,00	0,00
DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS (ADP 063-064)	062	0,00	0,00	0,00	0,00
1 Pre-tax profit from discontinued operations	063	0,00	0,00	0,00	0,00
2 Pre-tax loss on discontinued operations	064	0,00	0,00	0,00	0,00
XV INCOME TAX OF DISCONTINUED OPERATIONS	065	0,00	0,00	0,00	0,00
1 Discontinued operations profit for the period (ADP 062-065)	066
2 Discontinued operations loss for the period (ADP 065-062)	067
TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations)
XVI PRE-TAX PROFIT OR LOSS (ADP 055+062)	068
1 Pre-tax profit (ADP 068)	069	0,00	0,00	0,00	0,00
2 Pre-tax loss (ADP 068)	070	0,00	0,00	0,00	0,00
XVII INCOME TAX (ADP 058+065)	071
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 066-071)	072
1 Profit for the period (ADP 066-071)	073

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2 Loss for the period (ADP 071-068)	074
APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements)
XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077)	075	0,00	0,00	0,00	0,00
1 Attributable to owners of the parent	076	0,00	0,00	0,00	0,00
2 Attributable to minority (non-controlling) interest	077	0,00	0,00	0,00	0,00
STATEMENT OF OTHER COMPREHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD	078	0,00	0,00
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80 + 87)	079	0,00	0,00	0,00	0,00
III Items that will not be reclassified to profit or loss (ADP 081 to 085)	080	0,00	0,00	0,00	0,00
1 Changes in revaluation reserves of fixed tangible and intangible assets	081	0,00
2 Profit or loss arising from subsequent measurement of equity securities at fair value through other comprehensive income	082	0,00
3 Changes in the fair value of the financial liability at fair value through statement of profit or loss that is attributable to changes in the credit risk of that liability	083	0,00
4 Actuarial gains/losses on the defined benefit obligation	084	0,00
5 Other items that will not be reclassified	085	0,00
6 Income tax relating to items that will not be reclassified	086	0,00
IV Items that may be reclassified to profit or loss (ADP 088 to 095)	087	0,00	0,00	0,00	0,00
1 Exchange rate differences from translation of foreign operations	088	0,00
2 Exchange rate differences from translation into the presentation currency	089	0,00
3 Profit or loss arising from subsequent measurement of debt securities at fair value through other comprehensive income	090	0,00
4 Profit or loss arising from effective cash flow hedging	091	0,00
5 Profit or loss arising from effective hedge of a net investment in a foreign operation	092	0,00
6 Share in other comprehensive income/loss of companies linked by virtue of participating interests	093	0,00
7 Changes in fair value of the time value of an option	094	0,00
8 Changes in fair value of the forward elements of forward contracts	095	0,00
9 Other items that may be reclassified to profit or loss	096	0,00
10 Income tax relating to items that may be reclassified to profit or loss	097	0,00
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087 - 086 - 097)	098	0,00	0,00	0,00	0,00
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP	099	0,00	0,00	0,00	0,00
APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements)
VII COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP	100	0,00	0,00	0,00	0,00
1 Attributable to owners of the parent	101	0,00
2 Attributable to minority (non-controlling) interest	102	0,00

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STATEMENT OF CASH FLOWS - indirect method

for the period 01.01.2026 . to 31.03.2026.

in EUR

GRANOLIO d.d.

Item	ADP code	Same period of the previous year	Current period
1	2	3	4
Cash flow from operating activities
1 Pre-tax profit	001	1.136.257,28	284.460,76
2 Adjustments (ADP 003 to 010):	002	-200.467,97	270.134,99
a) Depreciation	003	375.225,34	385.492,99
b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets	004	-19.141,55	-19.371,68
c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets	005	0,00	0,00
d) Interest and dividend income	006	-1.042.686,36	-456.755,82
e) Interest expenses	007	486.134,60	360.769,50
f) Provisions	008	0,00	0,00
g) Exchange rate differences (unrealised)	009	0,00	0,00
h) Other adjustments for non-cash transactions and unrealised gains and losses	010	0,00	0,00
I Cash flow increase or decrease before changes in working capital (ADP 001+002)	011	935.789,31	554.595,75
3 Changes in the working capital (ADP 013 to 016)	012	-3.971.464,30	-3.360.496,32
a) Increase or decrease in short-term liabilities	013	-2.786.039,00	-2.597.515,00
b) Increase or decrease in short-term receivables	014	-1.168.904,48	-1.465.540,07
c) Increase or decrease in inventories	015	-16.520,82	702.558,75
d) Other increase or decrease in working capital	016	0,00	0,00
II Cash from operations (ADP 011+012)	017	-3.035.674,99	-2.805.900,57
4 Interest paid	018	-531.472,97	-259.488,70
5 Income tax paid	019	-140.257,47	-150.013,11
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)	020	-3.707.405,43	-3.215.402,38
Cash flow from investment activities
1 Cash receipts from sales of fixed tangible and intangible assets	021	0,00	0,00
2 Cash receipts from sales of financial instruments	022	0,00	0,00
3 Interest received	023	12.725,20	82.806,16
4 Dividends received	024	1.000.000,00	350.000,00
5 Cash receipts from repayment of loans and deposits	025	3.675.998,56	822.091,71
6 Other cash receipts from investment activities	026	0,00	0,00
III Total cash receipts from investment activities (ADP 021 to 026)	027	4.688.723,76	1.254.897,87
1 Cash payments for the purchase of fixed tangible and intangible assets	028	-497.731,98	-72.420,68
2 Cash payments for the acquisition of financial instruments	029	0,00	0,00
3 Cash payments for loans and deposits for the period	030	-7.395.500,05	-479.761,82
4 Acquisition of a subsidiary, net of cash acquired	031	0,00	0,00
5 Other cash payments from investment activities	032	0,00	0,00
IV Total cash payments from investment activities (ADP 028 to 032)	033	-7.893.232,03	-552.182,50
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027+033)	034	-3.204.508,27	702.715,37
Cash flow from financing activities
1 Cash receipts from the increase in initial (subscribed) capital	035	0,00	0,00
2 Cash receipts from the issue of equity financial instruments and debt financial instruments	036	0,00	0,00
3 Cash receipts from credit principals, loans and other borrowings	037	7.199.150,00	2.953.347,44
4 Other cash receipts from financing activities	038	0,00	0,00
V Total cash receipts from financing activities (ADP 035 to 038)	039	7.199.150,00	2.953.347,44
1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	040	-349.861,05	-355.023,09
2 Cash payments for dividends	041	0,00	0,00
3 Cash payments for finance lease	042	-34.926,40	-2.647,50
4 Cash payments for the redemption of own shares and decrease in initial (subscribed) capital	043	0,00	0,00
5 Other cash payments from financing activities	044	0,00	0,00
VI Total cash payments from financing activities (ADP 040 to 044)	045	-384.787,45	-357.670,59
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039+045)	046	6.814.362,55	2.595.676,85
1 Unrealised exchange rate differences in respect of cash and cash	047	0,00	0,00
D) NET INCREASE OR DECREASE IN CASH FLOW (ADP 020+034+046+047)	048	-97.551,15	82.989,84
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE	049	276.328,00	150.946,06
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (ADP 048+049)	050	178.776,85	233.935,90

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STATEMENT OF CASH FLOWS - direct method

for the period _ to _

in EUR

Submitter:

Item	ADP code	Same period of the previous year	Current period
1	2	3	4
Cash flow from operating activities
1 Cash receipts from customers	001
2 Cash receipts from royalties, fees, commissions and other revenue	002
3 Cash receipts from insurance premiums	003
4 Cash receipts from tax refund	004
5 Other cash receipts from operating activities	005
I Total cash receipts from operating activities (ADP 001 to 005)	006	0,00	0,00
1 Cash payments to suppliers	007
2 Cash payments to employees	008
3 Cash payments for insurance premiums	009
4 Interest paid	010
5 Income tax paid	011
6 Other cash payments from operating activities	012
II Total cash payments from operating activities (ADP 007 to 012)	013	0,00	0,00
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 006 + 013)	014	0,00	0,00
Cash flow from investment activities
1 Cash receipts from sales of fixed tangible and intangible assets	015
2 Cash receipts from sales of financial instruments	016
3 Interest received	017
4 Dividends received	018
5 Cash receipts from the repayment of loans and deposits	019
6 Other cash receipts from investment activities	020
III Total cash receipts from investment activities (ADP 015 to 020)	021	0,00	0,00
1 Cash payments for the purchase of fixed tangible and intangible assets	022
2 Cash payments for the acquisition of financial instruments	023
3 Cash payments for loans and deposits	024
4 Acquisition of a subsidiary, net of cash acquired	025
5 Other cash payments from investment activities	026
IV Total cash payments from investment activities (ADP 022 to 026)	027	0,00	0,00
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 021 + 027)	028	0,00	0,00
Cash flow from financing activities
1 Cash receipts from the increase in initial (subscribed) capital	029
2 Cash receipts from the issue of equity financial instruments and debt financial instruments	030
3 Cash receipts from credit principals, loans and other borrowings	031
4 Other cash receipts from financing activities	032
V Total cash receipts from financing activities (ADP 029 to 032)	033	0,00	0,00
1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments	034
2 Cash payments for dividends	035
3 Cash payments for finance lease	036
4 Cash payments for the redemption of own shares and decrease in initial	037
5 Other cash payments from financing activities	038
VI Total cash payments from financing activities (ADP 034 to 038)	039	0,00	0,00
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 033+039)	040	0,00	0,00
1 Unrealised exchange rate differences in respect of cash and cash	041
D) NET INCREASE OR DECREASE IN CASH FLOW (ADP 014 + 028 + 040 + 041)	042	0,00	0,00
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE	043
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (ADP 042+043)	044	0,00	0,00

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STATEMENT OF CHANGES IN EQUITY
for the period from 1.1.2006 to 31.1.2009

Line	Date	1st January 2010 to 31st January 2011	2nd January 2010 to 31st January 2011	3rd January 2010 to 31st January 2011	4th January 2010 to 31st January 2011	5th January 2010 to 31st January 2011	6th January 2010 to 31st January 2011	7th January 2010 to 31st January 2011	8th January 2010 to 31st January 2011	9th January 2010 to 31st January 2011	10th January 2010 to 31st January 2011	11th January 2010 to 31st January 2011	12th January 2010 to 31st January 2011	13th January 2010 to 31st January 2011	14th January 2010 to 31st January 2011	15th January 2010 to 31st January 2011	16th January 2010 to 31st January 2011
1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18
1. Receivables for the Year 2010 (prior to the previous four months)	01	0.000,00 to 0.000	13.177,000.000	1.000,000.000	1000,000.000	0.000	0.000	0.000	0.000,000.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
2. Purchases for the Year 2010	02
3. Purchases for the Year 2010	03
4. Receivables for the Year 2010 (prior to the previous four months) and (continued) (1ST1)1 to 31	04	0.000,00 to 0.000	13.177,000.000	1.000,000.000	1000,000.000	0.000	0.000	0.000	0.000,000.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
5. Purchases in the period	05	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	1.150,000.000	1.150,000.000
6. Exchanges with differences from mandates or through operations	06	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
7. Packages in combination inventory of three tangible and intangible records	07	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000,000.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
8. Proofs in data relating from subsequent measurements of the workmanship of the value through value - comprehensive records available for sale	08	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
9. Proofs in data relating from differences in the volume	09	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
10. Proofs in data relating from effective changes of a net investment in a foreign operation	10	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
11. Receivables for the Year 2010 (prior to the previous four months) and (continued) (1ST1)1 to 31	11	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
12. Receivables for the Year 2010 (prior to the previous four months) and (continued) (1ST1)1 to 31	12	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
13. Purchases in total (categorized) records in years	13
14. Purchases for the year 2010 and 2011	14
15. Purchases for the year 2010 and 2011	15
16. Purchases for the year 2010 and 2011	16
17. Purchases for the year 2010 and 2011	17
18. Purchases for the year 2010 and 2011	18
19. Purchases for the year 2010 and 2011	19
20. Exchanges in the period	20
21. Exchanges in the period	21
22. Exchanges in the period	22
23. Exchanges in the period	23

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NOTES TO FINANCIAL STATEMENTS – GFS
(drawn up for quarterly periods)

Name of the Issuer: ___________

Personal Identification number (OIB): ___________

Reporting period: ___________

Notes to financial statements for quarterly periods include:

a) registration of business events relevant to understanding changes in the statement of financial position and financial performance for the quarterly reporting period of the issuer with respect to the last business year; information to provided regarding these events and relevant information published in the last annual financial statement is updated (paragraphs 15 to 15c of the IAS 34 – Interim Financial Reporting)

b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the quarterly reporting period

c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the quarterly reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (paragraph 164(a) of the IAS 34 – Interim Financial Reporting)

d) a description of the financial performance in the case of the issuer whose business is seasonal (paragraphs 37 and 38 of the IAS 34 – Interim Financial Reporting)

e) other disclosures prescribed by the IAS 34 – Interim Financial Reporting, and

f) in the notes to the quarterly financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed:

1. Issuer's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the issuer is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration

2. adopted accounting policies (only an indication of whether there has been a change relative to the previous period)

3. the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided, any commitments concerning pensions of the issuer within the group or company linked by virtue of participating interest shall be disclosed separately

4. the amount and nature of individual items of income or expenditure which are of exceptional size or incidence

5. amounts owed by the issuer and falling due after more than five years, as well as the total debts of the issuer covered by valuable security furnished, with an indication of the nature and form of the security

6. average number of employees during the current period

7. where, in accordance with the regulations, the issuer capitalized on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly relating the costs of the period and the amount capitalized on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions on salaries

8. where a provision for deferred tax is recognised in the balance sheet, the deferred tax balances at the end of the financial year, and the movement in those balances during the financial year

9. the name and registered office of each of the companies in which the issuer, either itself or through a person acting in their own name but on the issuer's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the company concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the company concerned does not publish its balance sheet and is not controlled by another company

10. the number and the nominal value or, in the absence of a nominal value, the accounting per value of the shares subscribed during the financial year within the limits of the authorised capital

11. the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer

12. the name, registered office and legal form of each of the companies of which the issuer is a member having unlimited liability

13. the name and registered office of the company which draws up the quarterly consolidated financial statements of the largest group of companies of which the issuer forms part as a controlled group member

14. the name and registered office of the company which draws up the quarterly consolidated financial statements of the smallest group of companies of which the issuer forms part as a controlled group member and which is also included in the group of companies referred to in point 13

15. the place where copies of the quarterly consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available

16. the nature and business purpose of the issuer's arrangements that are not included in the balance sheet and the financial impact on the issuer of these arrangements, provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the financial position of the issuer

17. the nature and the financial effect of material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet

Name of the Issuer: Granolis d.d.

Personal Identification number (OIB): 08084955527

Reporting period: 1. quarter

a) The financial statements have been prepared on the historical cost basis, except where stated otherwise.
The financial statements have been prepared on the same concern basis and assure the use of estimates and judgments in aspiring accounting policies.
The financial statements are prepared in consistency with comparative information.
All significant accounting policies applied in the preparation of the financial statements have been disclosed in the audited annual financial statements.
The condensed financial statements have been prepared in accordance with International Accounting Standard 34 – Interim Financial Reporting. The condensed financial statements do not contain all the.
b) The notes to the financial statements are provided with the audited annual financial statements of the Group. The audited annual financial statements are available on the website www.granolis.fr.
c) The same accounting policies and methods are applied in preparing the financial statements for the quarterly reporting period as in the latest annual financial statements.
d) The Group does not perform activities of a seasonal nature.
e) Other disclosures required under IAS 34 – Interim Financial Reporting are as follows:

Interest receivable on loans given within the group are stated within the item receivables from undertakings within the group and as at 31 March 2026 amount to EUR 941 thousand (31.12.2025 - EUR 1004 thousand).

Staff costs in the Jan - Mar 2026 period amount to EUR 1,436 thousand (Jan - Mar 2025: EUR 1,341 thousand), of which net salaries amount to EUR 922 thousand (Jan - Mar 2025: EUR 939 thousand); taxes and contributions from salaries amount to EUR 397 thousand (Jan - Mar 2025: EUR 302 thousand) and contributions on salaries amount to EUR 167 thousand (Jan - Mar 2025: EUR 170 thousand).

It in addition to the above information, the following information is disclosed in the notes to the quarterly financial statements:

1. Name of the Issuer: Granolis d.d., Ulica Park-Budmanija 5, 10 000 Zagreb.
   Legal form: zero-score company
   Country of registration: Republic of Croatia
   Ecdic's registration number INBEE: 08011099
   Personal identification number (OIB): 08084955527

2. During 2025, accounting policies did not change.

3. The Granolis Group has not given any guarantees nor is it a co-deliver to third parties in financial obligations.

4. There was no revenue nor expenditure of extraordinary size or occurrence.

5. Liabilities maturing after more than five years relates to loans received from banks in amount EUR 9,229.

6. Average number of employees during the current period: 219 (1.03.2025: 211).

7. The Company did not capitalize the cost of salaries in the business year.

8. Balance of deferred tax assets as at 31 March 2026 amounts to EUR 1,046 thousand. During 2026 deferred tax assets have decreased to EUR 22 thousand.

9. Granolis d.d. holds a participating interest in: UZdenaPea family d.o.o., Mato Lomska 176/9, Telëk Zdoroc, OIB 30460243768, on 31.03.2026. Share in Equity is EUR 2,553 thousand. Total equity is EUR 3,633 thousand. Result for the period is EUR 64 thousand. UZdenaLevitjskim proizvod d.o.o., Tig Indija Tomskeve 16, Helik Zdoroc, OIB 49051003790, on 31.03.2026. Share in Equity is EUR 3,414 thousand. Total equity is EUR 4,302 thousand. Result for the period is EUR 74 thousand.

10. The company had no subscription of shares.

11. The company has no certificates.

12. The company holds 100% of the company ZdenaPea family d.o.o., Velik Zdoroc, Mato Lomska 116 i b, OIB 30460243768.

13. The company is the ultimate parent and is not a controlled member of another group.

14. The company is the parent company and there are no other companies in its group that have control over third companies.

15. The company prepares quarterly non-consolidated and consolidated financial statements which are published on the Zazosti Stoch Exchange. Hanks and the company's website www.ozanstio.hr.

16. The Company has no material arrangements with companies that are not included in the presented unconsolidated financial statements.

17. There were no significant events after the balance sheet date.

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Notes to the unconsolidated report for the three months period ended
31 March 2026

Granolio

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1. The company that is the subject of reporting

GRANOLIO d.d. ("The Company") is a joint-stock company registered with the Commercial Court of Zagreb, Croatia.

The Company's tax number (OIB) is 59064993527, and its registration number (MBS) 080111595.

The Company's headquarter is located in Zagreb at Budmanijeva 5.

The Company has General Assembly, Supervisory Board and Management Board.

1. Basis of preparation of financial statements and significant accounting policies

The same accounting policies are applied when preparing the financial statements for previous periods as in the last quarterly financial report.

1. Financial liabilities, guarantees or contingencies not included in the balance sheet

Guarantees and co-debts on loans were given to member of the group Zdenka-mliječni proizvodi d.o.o. on loans that amounted 2.292.492 EUR.

1. The amount and nature of individual items of income or expense of exceptional size or occurrence

There was no revenue nor expenditure of extraordinary size or occurrence.

1. Liabilities maturing after more than five years and debts covered by valuables insurance provided by the Company

Loans received
000' EUR

	31 Mar 2026	2026	2027	2028	2029	from 2030
Loans received from banks	19.000	3.899	1.874	2.197	1.800	9.229
Loans received from third parties	4.999	4.734	265	-	-	-
Leasing	46	9	12	12	13	-
	24.045	8.642	2.151	2.209	1.813	9.229

Loans received from banks are secured by mortgage on asset, bills of exchange and promissory notes.

Liabilities for securities
000' EUR

	31 Mar 2026	2026	2027	2028	2029	from 2030
Liabilities for securities	291	125	166	-	-	-
	291	125	166	-	-	-

1. Average number of employees during the business year

Average number of employees during the current period: 218.

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1. Capitalized salary cost during the year

The Company did not capitalize the cost of salaries in the business year.

1. Deferred taxes

	31 Mar 2026
Balance 1 January 2026	1.068
Decrease	(22)
Balance 31 March 2026	1.046

1. Name and registered office of each company in which the issuer, either alone or through a person acting in its own name but on behalf of the issuer, holds a participating interest, stating the amount of capital held, the amount of total capital and reserves, and profit or loss

Zdenačka farma d.o.o., Mate Lovraka 118/b, Veliki Zdenci, OIB 35460243768

Zdenka-mliječni proizvodi d.o.o., Trg kralja Tomislava 15, OIB 45651553790

Investments as at 31 March 2026
000' EUR

	Share in Equity	Total Equity	Result for the period
ZDENAČKA FARMA d.o.o.	2.553	3.633	84
ZDENKA -MLIJEČNI PROIZVODI d.o.o.	3.414	4.352	74

1. Number and nominal value of shares subscribed during the business year within the authorized capital

The company had no subscription of shares.

1. Existence of any certificates of participation, convertible debentures, guarantees, options or similar securities or rights, indicating their number and the rights conferring The Group has no certificates of participation, convertible debentures, guarantees, options or similar securities or rights.

The company has no certificates.

1. Name, registered office and legal form of each company in which the issuer has unlimited liability The Group has no stake in companies with unlimited liability.

The company holds 100% of the company Zdenačka farma d.o.o., Veliki Zdenci, Mate Lovraka 118 / b, OIB 35460243768.

---

1. Name and registered office of the company compiling the quarterly consolidated financial statements of the largest group of companies in which the issuer participates as a controlled member of the group

The company is the ultimate parent and is not a controlled member of another group.

1. Name and registered office of the company compiling the annual consolidated financial statements of the smallest group of companies in which the issuer participates as a controlled member and which is also included in the group of companies referred to in point 13.

The company is the ultimate parent and there are no other companies in its group that have control over third companies.

1. The place where copies of the quarterly consolidated financial statements referred to in points 13 and 14 can be obtained.

The company prepares quarterly non-consolidated and consolidated financial statements which are published on the Zagreb Stock Exchange, Hanfia and the company's website www.granolio.hr.

1. Nature and business purpose of arrangements of companies not included in the balance sheet and financial impact of those arrangements on the issuer, provided that the risks or rewards of such arrangements are material and to the extent that disclosure of such risks or rewards is necessary to assess the issuer's financial condition

The Company has no material arrangements with companies that are not included in the presented unconsolidated financial statements.

1. Nature and financial impact of significant events that occurred after the balance sheet date and were not reflected in the income statement or balance sheet

There were no significant events after the balance sheet date.

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Granolio 30
ZRNO PO ZRNO. 30 GODINA.
Granolio d.d.
Ulica Pere Budmanija 5, HR-10000 Zagreb,
tel: +385 1 6320 200, faks: +385 1 6320 222, e-mail: granolio@granolio.hr, www.granolio.hr

Zagreb, 30 April 2026

Statement of Executives responsible for preparing financial statements for the three months period

Pursuant to the current Croatian Accounting Act (Official Gazette 109/07), the Management Board is required to ensure that the financial statements of Granolio d.d. for each financial period are prepared in accordance with the International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB) and that they give a true and fair view of the financial position and results of the Company's operations in the given period.

To the best of our knowledge, the complete shorten set of unaudited financial statements for the three months period give a true presentation of the Company's position as at 31 March 2026.

Reports prepared by:

BANNA
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BAN

MB: 1344272; OIB: 59064993527; IBAN HR6024020091100063532 Erste&Steiermarkische bank d.d., Rijeka, IBAN HR1423400091110416692 Privredna banka Zagreb d.d., Zagreb, IBAN HR5123900011100014291 Hrvatska poštanska banka d.d., Zagreb; temelji kapital: 2.523.914,00 EUR upišćen u cijelosti, podijeljen na 1.901.643 redovnih dionica serije A bez nominalnog iznosa; tvrtka je upisana u sudski register Trgovačkog suda u Zagrebu, MB5: 080111595; predsjednik Uprave: Hrvoje Filipović, članovi Uprave: Vladimir Kalčić i Devor Mitrović, predsjednik Nedzornog odbora: Vlatko Kordić

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Granolio 30
ZRNO PO ZRNO. 30 GODINA.
Granolio d.d.
Ulica Pere Budmanija 5, HR-10000 Zagreb,
tel: +385 1 6320 200, faks: +385 1 6320 222, e-mail: granolio@granolio.hr, www.granolio.hr

Zagreb, 30 April 2026

Pursuant to the article 407. to 410. of the Capital market Law (Official Gazette 88/08, 146/08 and 74/09) the President of the Management Board of the Company Granolio d.d., Budmanijeva 5, Zagreb provides:

MANAGEMENT BOARD’S STATEMENT OF LIABILITY

The separate and consolidated financial statements of Granolio d.d. have been prepared pursuant to the International Financial Reporting Standards (IFRS) and Croatian Accounting Law.

The non-consolidated and consolidated financial statements for the period from 1 January 2026 till 31 March 2026 present complete and fair view of assets and liabilities, profit and loss, financial position and operations of the Company.

The management report for the three months period ended 31 March 2026 presents true and fair presentation of development and results of the Company’s operations with description of significant risks and uncertainties the Company is facing.

President of the Management Board
Granolio
Hrvoje Filipović
Signature of the CEO of the Budmanijeva 5

Contact:
Granolio d.d.
Budmanijeva 5
10 000 Zagreb
Hrvatska

Tel: +385 1 6320 200
e-mail: trzistekapitala@granolio.hr

UNITED REGISTRAR OF INNOVATION
ISO 9001
BUREAU VERITAS
BNF
MB: 1244272; OIB: 59064993527; IBAN HR6024020061100062532 Erste&Steiermarkische bank d.d., Rijeka, IBAN HR1423400091110416692 Privredna banka Zagreb d.d., Zagreb, IBAN HR5123900011100014261 Hrvatska poštanska banka d.d., Zagreb; temelji kapital: 2.523.014,00 EUR uplaćen u cijelosti, podijeljen na 1.901.643 redovnih dionica serije A bez nominalnog iznosa; tvrtka je upisana u sudski registar Trgovačkog suda u Zagrebu, MBS: 080111595; predajednik Uprave: Hrvoje Filipović, članovi Uprave: Vladimir Kalčić i Davor Mitrović, predajednik Nedzernog odbora: Vlatko Kordić