Institut IGH d.d.

Quarterly Report • Apr 30, 2025

Ordinary share IGH-R-A, ISIN HRIGH0RA0006 Listed on the official market of the Zagreb Stock Exchange Home Member State: Croatia LEI mark: 74780000W0UQ8MF2FU71

ZAGREB STOCK EXCHANGE lvana | učića 2a 10000 Zagreb

HANFA Miramarska 24b 10000 Zagreb

HINA ots@hina.hr

Zagreb, Aprile 30, 2025

Subject: Statement of the Management Board on the responsibility for preparing financial reports for Institut ાલનો પડત

The Company's Management Board has to ensure that the INSTITUT IGH d.d. unaudited financial reports for the accounting period from January to March 2024 are prepared in accordance with the Accountancy Law (Official Gazette 78/15, 133/15, 120/16) and International Reporting Standards as adopted by the European Union, so that these documents provide a true and unbiased picture of the Company's financial standing, business results, change in capital, and cash flow for the period under consideration.

After making due enquiries, the Management Board has a reasonable expectation that the Company has adequate resources to continue operation in the foreseeable future. Accordingly, the Management Board has prepared its financial reports under assumption that the Company will continue to operate for an unlimited period of time.

During preparation of financial reports, the Management Board is responsible:

• · for the selection and, thereafter, for consistent use of appropriate accounting policies;
• · for giving reasonable and sensible assessments and estimates;
• for applying valid financial reporting standards and explaining every materially significant discrepancy discovered in financial reports;
• · for preparing financial reports under assumption of an unlimited period of operation, except in cases when such assumption is inappropriate.

The Management Board is responsible for keeping proper accountancy records that will depict, to an acceptable level of accuracy, the financial standing and business results of the Company, in full compliance with the Accountancy Law and International Financial Reporting Standards issued by the International Accounting Standards Board (IASB). The Management Board is also responsible for protecting and safeguarding the Company's assets, and hence for undertaking every measure it deems necessary to prevent and discover cases of fraud and other illegal activity.

Signed on the behalf of the Management Board: Robert Petrosian, President of the Management

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Zagreb, March 31, 2025

Subject: Management Report on business results of the Company Institut IGH d.d. and its subsidiaries in the period from January 1 to March 31 2025.

Institut IGH d.d.

In the period from January to March 2025, Institut IGH d.d operated with revenue amounting to EUR 3,8 million. Operating expenses are (excluding amortization) amount to EUR 3,6 million.

After the amortization cost in the amount of EUR 0,5 milion, negative effect of interest and exchange rate differences in the amount of EUR 77 thousands, Institut IGH d.d operated at a loss amounting EUR 400 thousands.

The Company actively implements the policy of increasing liquidity and shortening the period of settlement of liabilities to suppliers and subcontractors of the Company, and the collection of overdue receivables within the agreed deadlines.

The company's activities are aimed at opening representative offices in new markets (Georgia, Armenia, Hungary, Italy) where new infrastructure projects of importance are expected in these markets.

The Company continues to fulfill the set short-term activity plan, improve and further digitize business processes, and invest in new areas of activities such as research and development, waste management, and expansion of already started ones such as BIM.

Between January 1 and March 31, 2025 the new contracted in total of EUR 3,5 million.

IGH Group

In the period from January to March 2025, IGH Group operated at a revenue amounting to EUR 3,8 million. Operating expenses (excluding amortization) amount to EUR 3,6 million.

After the amortization cost in the amount of EUR 0,5 million, negative effect of interest and exchange rate differences in the amount of EUR 77 thausands, IGH Group operated at a gross loss amounting EUR 388 thousands.

The IGH Institute continues with further enhanced activities defined by the Strategic Development Plan until 2027, which plans additional investments and investments in projects of significant interest for the development of the Institute and the Group. In addition, the IGH Institute is focused on increasing labour productivity and efficient and efficient realization of projects.

With all the above and the company's human resources, activities in international markets aimed at sustainable growth and development of the Company and Group are intensifying,

On behalf of the INSTITUT IGH, d.d. Robert Petrosian President of the Management Board () | MB = Pros Missis Battles 18xN DNV 5WIFT: \$ cd: 11 PC x ISO 45001 - ISO 5000

INSTITUT IGH u.U. - RANDE Dood Shand H

TEL + RE B (1) - 17 M 34 25
FAX - 16 JPT 012 54 34 3
EMAIL - 3 12 JPT 012 54 34 3
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Morodkoni Sud 1291 1152

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Broj izdaníh dionica: Filtr a 431
Marginións em nece: corres, 104

Annex 1 ISSUER'S GENERAL DATA
Reporting period:		1.1.2025	to	31.3.2025
Year:		2025
Quarter:		1.
	Quarterly financial statements
egistration number (MB):	03750272		Issuer's home Member State code:	HR
Entity's registration number (MBS):	080000959
Personal identification number (OIB):	79766124714		LEI:	74780000W0UQ8MF2FU71
Institution code:	1461
Name of the issuer: INSTITUT IGH d.d.
Postcode and town:	10000		Zagreb
treet and house number: Janka Rakuše 1
E-mail address: igh@igh.hr
Web address: http://www.igh.hr
Number of employees 344 (end of the reporting
Consolidated report: (KN-not consolidated/KD-consolidated)
Audited: (RN-not audited/RD-audited) RN
Names of subsidiaries (according to IFRS):			Registered office:		MB:
Bookkeeping firm: (Yes/No)				(name of the bookkeeping firm)

Contact person:
	(only name and surname of the contact person)
Telephone:
E-mail address:
Audit firm:
	(name of the audit firm)
Certified auditor:
	(name and surname)

BALANCE SHEET balance as at 31.03.2025.

Submitter: INSTITUT IGH D.D. At the reporting date Last day of the ADP of the current period Item preceding business code year 2 3 4 1 0 A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID 001 O B) FIXED ASSETS (ADP 003+010+020+031+036) 002 9.524.669 9.269.462 003 18.298 I INTANGIBLE ASSETS (ADP 004 to 009) 15.943 0 1 Research and development 004 O 2 Concessions, patents, licences, trademarks, software and other 005 13.883 11.528 rights 3 Goodwill 006 0 0 4 Advances for the purchase of intangible assets 007 0 0 008 4.415 4.415 5 Intangible assets in preparation 009 0 0 6 Other intangible assets 010 II TANGIBLE ASSETS (ADP 011 to 019) 6.201.762 5 985 015 011 84.692 1 Land 84.692 440.124 440.584 2 Buildings 012 4.695.358 3 Plant and equipment 013 4.930.037 4 Tools, working inventory and transportation assets 014 548.060 549.382 5 Biological assets 015 0 0 6 Advances for the purchase of tangible assets 016 39.391 39.391 017 39.826 56.896 7 Tangible assets in preparation 018 40.424 40.424 8 Other tangible assets 78.748 78.748 019 9 Investment property III FIXED FINANCIAL ASSETS (ADP 021 to 030) 020 3.173.586 3.138.727 1 053 043 1 053 043 1 Investments in holdings (shares) of undertakings within the group 021 2 Investments in other securities of undertakings within the group 022 0 0 4.313 3 Loans, deposits, etc. to undertakings within the group 023 4.313 4. Investments in holdings (shares) of companies linked by virtue of 024 1.990.842 1.990.842 participating interests 5 Investment in other securities of companies linked by virtue of 025 0 0 participating interests 6 Loans, deposits etc. to companies linked by virtue of participating 0 0 026 interests 7 Investments in securities 027 0 0 125.388 90.529 8 Loans, deposits, etc. given 028 9 Other investments accounted for using the equity method 029 0 0 10 Other fixed financial assets 030 0 0 131.023 129.777 IV RECEIVABLES (ADP 032 to 035) 031 1 Receivables from undertakings within the group 0 0 032 2 Receivables from companies linked by virtue of participating 033 0 0 interests 3 Customer receivables 034 130.722 129.476 4 Other receivables 035 301 301 V DEFERRED TAX ASSETS 036 0 0 C) CURRENT ASSETS (ADP 038+046+053+063) 7.253.690 7.625.880 037 I INVENTORIES (ADP 039 to 045) 75.619 038 75.619 1 Raw materials and consumables 039 0 0 2 Work in progress 040 75.619 75.619 3 Finished goods 041 0 0 0 4 Merchandise 0 042 5 Advances for inventories 0 0 043 0 6 Fixed assets held for sale 044 0 7 Biological assets 0 0 045 4.013.612 II RECEIVABLES (ADP 047 to 052) 3.164.547

046

in EUR

1 Receivables from undertakings within the group	047	0	0
2 Receivables from companies linked by virtue of participating	048	688	688
interests
3 Customer receivables	049	2.143.396	2.597.086
4 Receivables from employees and members of the undertaking	050	141.532	132.286
5 Receivables from government and other institutions	051	118.444	125.724
6 Other receivables	052	760.487	1.157.828
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	053	3.889.644	3 497.962
1 Investments in holdings (shares) of undertakings within the group	054	0	0
2 Investments in other securities of undertakings within the group	055	0	0
3 Loans, deposits, etc. to undertakings within the group	056	92.158	104.960
4 Investments in holdings (shares) of companies linked by virtue of participating interests	0-57	0	0
5 Investment in other securities of companies linked by virtue of participating interests	058	0	0
6 Loans, deposits etc. to companies linked by virtue of participating interests	059	0	0
7 Investments in securities	060	3.539	3.539
8 Loans, deposits, etc. given	061	3.772.599	3.368.115
9 Other financial assets	062	21.348	21.348
IV CASH AT BANK AND IN HAND	063	123.880	38.687
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	2.005.741	2.345.128
E) TOTAL ASSETS (ADP 001+002+037+064)	065	18.784.100	19.240 470
OFF-BALANCE SHEET ITEMS	ી રહિલ	0	0
LABURES
A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089)	067	5.617.412	5.163.118
I INITIAL (SUBSCRIBED) CAPITAL	068	14.814.630	14.814.630
II CAPITAL RESERVES	069	-33.895	-33.895
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	-208.382	-208.382
1 Legal reserves	071	0	0
2 Reserves for treasury shares	072	191.958	191.958
3 Treasury shares and holdings (deductible item)	073	-400.340	-400.340
4 Statutory reserves	074	0	0
5 Other reserves	075	0	0
IV REVALUATION RESERVES	076	1.422.588	1.336.717
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082)	077	193.674	193.674
1 Financial assets at fair value through other comprehensive income (I.e. available for sale)	078	133.711	133.711
2 Cash flow hedge - effective portion	079	0	0
3 Hedge of a net investment in a foreign operation - effective portion	0:30	0	0
4 Other fair value reserves	081	0	0
5 Exchange differences arising from the translation of foreign operations (consolidation)	082	59.963	59.963
VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- 085)	083	-11.810 386	-10.558.162
1 Retained profit	084	0	0
2 Loss brought forward	035	11.810.386	10.558.162
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088)	036	1.239.183	-381 254
1 Profit for the business year	087	1.239.183	-381.464
2 Loss for the business year	088	O	0
VIII MINORITY (NON-CONTROLLING) INTEREST	089	O	0
B) PROVISIONS (ADP 091 to 096)	090	324,272	327.136
1 Provisions for pensions, termination benefits and similar obligations	091	78.859	78.859
2 Provisions for tax liabilities	092	0	0
3 Provisions for ongoing legal cases	093	245.413	248.277
4 Provisions for renewal of natural resources	094	O	0
5 Provisions for warranty obligations	095	O	0

6 Other provisions	096	0	0
C) LONG-TERM LIABILITIES (ADP 098 to 108)	097	2.549.393	2.345.802
1 Liabilities to undertakings within the group	098	0	0
2 Liabilities for loans, deposits, etc. of undertakings within the group	0135	0	0
3 Liabilities to companies linked by virtue of participating interests	100	0	0
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	101	0	0
5 Liabilities for loans, deposits etc.	102	2.231.719	2.046.978
6 Liabilities to banks and other financial institutions	103	0	0
7 Liabilities for advance payments	104	0	0
8 Liabilities to suppliers	105	0	0
9 Liabilities for securities	106	0	0
10 Other long-term liabilities	107	0	0
11 Deferred tax liability	108	317.674	298.824
D) SHORT-TERM LIABILITIES (ADP 110 to 123)	109	9.758.631	10.868.894
1 Liabilities to undertakings within the group	110	30.041	34.283
2 Liabilities for loans, deposits, etc. of undertakings within the group	111	208.784	235.784
3 Liabilities to companies linked by virtue of participating interests	112	413.840	413.840
4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests	113	0	0
5 Liabilities for loans, deposits etc.	114	1.968.700	2.175.544
6 Liabilities to banks and other financial institutions	115	0	7.967
7 Liabilities for advance payments	116	776.494	772.681
8 Liabilities to suppliers	117	3.897.723	4.412.156
9 Liabilities for securities	118	0
10 Liabilities to employees	119	721.505	692.608
11 Taxes, contributions and similar liabilities	120	1.411.022	1.764.818
12 Liabilities arising from the share in the result	121	0	0
13 Liabilities arising from fixed assets held for sale	122	0	0
14 Other short-term liabilities	123	330.522	359.213
E) ACCRUALS AND DEFERRED INCOME	124	534.392	535.520
F) TOTAL - LIABILITIES (ADP 067+090+097+109+124)	1725	18.784.100	19.240.470
G) OFF-BALANCE SHEET ITEMS	126	0	0

STATEMENT OF PROFIT OR LOSS for the period 01.01.2025 to 31.03.2025

Item		Same period of the previous year			Current period
		Cumulative	Quarter	Cumulative	Quarter
	2	3	ದ	5	6
OPERATING INCOME (ADP 002 to 006)	001	5.109.446	5.109.446	3.817.922	3.817.922
1 Income from sales with undertakings within the group	002	199	199	199	199
2 Income from sales (outside group)	003	3.777.450	3.777.450	3.277.306	3.277.306
3 Income from the use of own products, goods and services	004	0	0	0	O
4 Other operating income with undertakings within the group	005	2.007	2.007	2.468	2.468
5 Other operating income (outside the group)	006	1.329.790	1.329.790	537.949	537.949
II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029)	007	4.527.744	4.527.744	4.144.200	4.144.200
1 Changes in inventories of work in progress and finished goods	008	O	0	0	0
2 Material costs (ADP 010 to 012)	009	996.410	996.410	946.045	946.045
a) Costs of raw materials and consumables	010	152.179	152.179	163.765	163.765
b) Costs of goods sold	011	0	O	0	0
c) Other external costs	012	844.231	844.231	782.280	782.280
3 Staff costs (ADP 014 to 016)	0-3	2.534.487	2.534.487	2.465.499	2.465.499
a) Net salaries and wages	014	1.580.264	1.580.264	1.526.215	1.526.215
b) Tax and contributions from salary costs	015	634.677	634.677	626.166	626.166
c) Contributions on salaries	016	319.546	319.546	313.118	313.118
4 Depreciation	017	630.214	630.214	524.582	524.582
5 Other costs	018	90.889	90.889	191.412	191.412
6 Value adjustments (ADP 020+021)	019	171.194	171.194	15.600	15.600
a) fixed assets other than financial assets	020	0	0	0	0
b) current assets other than financial assets	021	171.194	171.194	15.600	15.600
7 Provisions (ADP 023 to 028)	072	0	0	0	0
a) Provisions for pensions, termination benefits and similar obligations	023	0	0	0	0
b) Provisions for tax liabilities	024	0	0	0	0
c) Provisions for ongoing legal cases	025	0	0	0	0
d) Provisions for renewal of natural resources	026	0	0	0	0
e) Provisions for warranty obligations	027	0	0	0	0
f) Other provisions	028	0	0	0	0
8 Other operating expenses	079	104.550	104.550	1.062	1.062
III FINANCIAL INCOME (ADP 031 to 040)	030	657	657	3.456	3.456
1 Income from investments in holdings (shares) of undertakings within the group	031	0	0	0	0
2 Income from investments in holdings (shares) of companies linked by virtue of participating interests	032	0	0	0	0
3 Income from other long-term financial investment and loans granted to	033	0	0	0	0
undertakings within the group 4 Other interest income from operations with undertakings within the	034	0	0	0
group 5 Exchange rate differences and other financial income from operations
with undertakings within the group	035	0	0	0
6 Income from other long-term financial investments and loans	036	0	0	0	0
7 Other interest income	037	102	102	165	165
8 Exchange rate differences and other financial income	038	555	555	239	239
9 Unrealised gains (income) from financial assets	039	O	0	0	C
10 Other financial income	040	0	O	3.052	3.052
IV FINANCIAL EXPENSES (ADP 042 to 048)	041	48.023	48.023	77.492	77.492
1 Interest expenses and similar expenses with undertakings within the group	042	618	618	0	0
2 Exchange rate differences and other expenses from operations with undertakings within the group	043	O	0	O	0
3 Interest expenses and similar expenses	044	37.537	37.537	71.882	71.882
4 Exchange rate differences and other expenses	045	1.865	1.865	835	836
5 Unrealised losses (expenses) from financial assets	046	0	O	O	0
6 Value adjustments of financial assets (net)	047	0	0	O	C
7 Other financial expenses	048	8.003	8.003	4.775	4.775
SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE	049	0	O	0	C
OF PARTICIPATING INTERESTS SHARE IN PROFIT FROM JOINT VENTURES VI	050	0	O	0	0
VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF	051	0	O	0	C
PARTICIPATING INTEREST
VIII SHARE IN LOSS OF JOINT VENTURES	052	O	0	0	0
IX TOTAL INCOME (ADP 001+030+049 +050)	053	5.110.103	5.110.103	3.821.378	3.821.378
X TOTAL EXPENDITURE (ADP 007+041+051 + 052)	054	4.575.767	4.575.767	4.221.692	4.221.692
XI PRE-TAX PROFIT OR LOSS (ADP 053-054)	055	534.336	534.336	-400.314	-400.314
1 Pre-tax profit (ADP 053-054)	055	534.336	534.336	0	1

in EUR

2 Pre-tax loss (ADP 054-053)	0-77	0	0	-400.314	-400 314
XII INCOME TAX	058	-22.334	-22.334	-18.850	-18.850
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059)	059	556.670	556.670	-381.464	-381.464
1 Profit for the period (ADP 055-059)	080	556.670	556.670	0	0
2 Loss for the period (ADP 059-055)	061	0	0	-381.464	-381.464
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	0	0	0
1 Pre-tax profit from discontinued operations	063	0	0	0	0
2 Pre-tax loss on discontinued operations	064	0	0	0	0
XV INCOME TAX OF DISCONTINUED OPERATIONS	065	0	0	0	0
1 Discontinued operations profit for the period (ADP 062-065)	086
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 055-4062)	088
1 Pre-tax profit (ADP 068)	069	0	0	0	0
2 Pre-tax loss (ADP 068)	070	0	0	0	0
XVII INCOME TAX (ADP 058+065)	074
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071)	07/72
1 Profit for the period (ADP 068-071)	073
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	0	0	0
1 Attributable to owners of the parent	076	0	0	0	0
2 Attributable to minority (non-controlling) interest	077	0	0	0	0
STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS)
I PROFIT OR LOSS FOR THE PERIOD	078	0	0	0	0
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX
	079	0	0	0	0
(ADP 80+ 87)
III Items that will not be reclassified to profit or loss (ADP 081 to 085)	080	0	0	0	0
1 Changes in revaluation reserves of fixed tangible and intangible assets	081	0	0	0	0
2 Gains or losses from subsequent measurement of equity instruments	082	0	0	0	0
at fair value through other comprehensive income
3 Fair value changes of financial liabilities at fair value through	083	0	0	0	0
statement of profit or loss attributable to changes in their credit risk
4 Actuarial gains/losses on the defined benefit obligation	084	0	0	0	0
5 Other items that will not be reclassified	085	0	0	0	0
6 Income tax relating to items that will not be reclassified	086	0	0	0	0
IV items that may be reclassified to profit or loss (ADP 088 to 095)	087	0	0	0	0
1 Exchange rate differences from translation of foreign operations	088	0	0	0	0
2 Gains or losses from subsequent measurement of debt securities at
fair value through other comprehensive income	089	0	0	0	0
3 Profit or loss arising from effective cash flow hedging	090	0	0	0	0
4 Profit or loss arising from effective hedge of a net investment in a	091	0	0
foreign operation				0	0
5 Share in other comprehensive income/loss of companies linked by
virtue of participating interests	092	0	0	0	0
6 Changes in fair value of the time value of option
	083	0	O	0	0
7 Changes in fair value of forward elements of forward contracts	094	0	O	0	0
8 Other items that may be reclassified to profit or loss	095	0	O	0	0
9 Income tax relating to items that may be reclassified to profit or loss	096	O	0	0	0
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087-	097	0	O	0	0
086 - 096)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP	098	0	O
078+097)				0	0
APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP	099
100+101)		0	O	0	0
1 Attributable to owners of the parent	100	0	0	0	0
2 Attributable to minority (non-controlling) interest	101	0	0	0	0

STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2025 to 31.03.2025

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ADP Same period of the Current period Item previous year code S 3 4 1 Cash flow from operating activities 534.336 -400.314 001 1 Pre-tax profit 4.372.938 002 -728.717 2 Adjustments (ADP 003 to 010): a) Depreciation 630.214 524.582 003 b) Gains and losses from sale and value adjustment of fixed tangible and 0 682.057 004 intangible assets c) Gains and losses from sale and unrealised gains and losses and value 0 -15.600 005 adjustment of financial assets 0 165 d) Interest and dividend income 006 0 e) Interest expenses -71.882 007 0 2.864 f) Provisions 008 g) Exchange rate differences (unrealised) 009 0 h) Other adjustments for non-cash transactions and unrealised gains and -2.040.988 3.932.809 010 losses I Cash flow increase or decrease before changes in working capital 011 -194.381 3.972.624 (ADP 001+002) 3 Changes in the working capital (ADP 013 to 016) 012 277.476 -5.148.261 719.977 a) Increase or decrease in short-term liabilities 013 67 782 -21.244 b) Increase or decrease in short-term receivables 014 -401.631 0 0 c) Increase or decrease in inventories 015 d) Other increase or decrease in working capital 016 -40.870 -5.194.799 II Cash from operations (ADP 011+012) 83.095 -1.175.637 017 4 Interest paid 018 0 0 0 0 5 Income tax paid 019 A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) -1.175.637 020 83.095 Cash flow from investment activities 0 021 581.546 1 Cash receipts from sales of fixed tangible and intangible assets BE MISCHER BE THE TEN THE WANDED PRODUCT PRODUCT CART FOR CONTRACT CONTRACTOR CONTRACTOR CONTRACTOR CONTRACTOR CONTRACTOR CONTRACTOR CONTRACTOR CONTRACTOR CONTRACTOR CONTRACT 0 2 Cash receipts from sales of financial instruments 0 022 0 0 3 Interest received 023 0 4 Dividends received 0 024 5 Cash receipts from repayment of loans and deposits 0 025 508 898 0 0 6 Other cash receipts from investment activities 026 III Total cash receipts from investment activities (ADP 021 to 026) 0 1.090.444 027 1 Cash payments for the purchase of fixed tangible and intangible assets O 028 2 Cash payments for the acquisition of financial instruments 0 O 029 3 Cash payments for loans and deposits for the period 0 030 -368.930 4 Acquisition of a subsidiary, net of cash acquired 0 031 0 5 Other cash payments from investment activities 0 0 032 0 IV Total cash payments from investment activities (ADP 028 to 032) -368.930 033 B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) 034 -368.930 Cash flow from financing activities 0 1 Cash receipts from the increase in initial (subscribed) capital 035 0 2 Cash receipts from the issue of equity financial instruments and debt 0 0 036 financial instruments 3 Cash receipts from credit principals, loans and other borrowings 037 0 0 4 Other cash receipts from financing activities 038 0 0 V Total cash receipts from financing activities (ADP 035 to 038) 039 0 0 1 Cash payments for the repayment of credit principals, loans and other 0 040 borrowings and debt financial instruments 2 Cash payments for dividends O 041 0	Submitter: INSTITUT IGH D.D.		III EUR
			O
			1.090.444
			0

3 Cash payments for finance lease	042	0
4 Cash payments for the redemption of treasury shares and decrease in initial (subscribed) capital	043	0
5 Other cash payments from financing activities	044	0
VI Total cash payments from financing activities (ADP 040 to 044)	045		0
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045)	046
1 Unrealised exchange rate differences in respect of cash and cash equivalents	047
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047)	043	-285.835	-85.193
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	049	409.715	123.880
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049)	050	123,880	38.687

for the period from

to 1.1.2025 for the period from	31.3.2025
	20	1	Capital Provins	Essel Creative	1 - 10 -
ravious period
1 Balance on the first day of the provious business year 2 Changes in accounting policies 2	ន និង ន ﺎﺏ ﺑ	14.814.630	33.895		6	400.340		1.705.824	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------		-39.171	-- 17.174.719	6.083.781	5,281,779	5.281.77
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 3 Conscion of enoirs
4 Balance on the first day of the previous business year (restated) (ADP 01 to 03)	ri	14.91.1.050	13 87					He 22	223 241		-24 171	AP. 194711	4 (xx) 7/1	5.281.778	5.281,77
--- 6 Exchange rate differences from translation of foreign operations	18	0.0		0	10						140 134		1:204:1111	1 239.183 99.134	99.134 1.239.183
Changes in revaluation reserves of fixed tangible and inlangible assets.	11	6						-Jul 1-56				.719 447		-1.002.08	-1.002.687
magically store anifigandidiana comment consisted for speci	16	=
of of or and attending from with galari many from them the contra	188
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17 Achaelial (annifoliates an the matoad be suners (societs) 13 Cityel shanged in eouly minimal in sumars 14 Sease cransactions mangumed computed on accept	11 ri
11:46 (11) splaned procepture in this the reportunities in porto	44
6 Decrease in Initial (subscribed) capital arising from the pre-bankruptcy sediement	18
17 Decrease in initial (subscribed) capital arising from the reimestment of profit.	17
-	ទទួល ន	. .		---
1 16 Redemplion of treasury sharesholdings 19 Paymanis from members/hareholders 20 Paymont of share in profilólinoval 20 Paymont of share in profilólinovad 24 Other distributio	ম	----	-----	- --
												6.083.784	-6.083.781
22 Transfor to reserves around to the annual schedule 23 Increase in reserves arising from the pro-bankruptcy solliement procedure 24 Balance on the last day of the previous	ន នេ ន	14.814.630	-33.695	0		400.340		1.422.588	133,711		------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	-11 810 386	1.238 183	5.617.413	5.617.4
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by unde	was that draw	up financial statem	its In accordance with	the IFRS}	191.658
I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX ADP 08 lo 14)	25							-283.236				-719.447		-903.549	-903,5
											99,134
II COMPREHENSIVE INCOME OR LOSS FOR THE PREVIOUS PERIOD (ADP 05+25)	26	0						-283.234			99 134	-718 447	1,239,183	335,834	335.63
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23)	27											0.083.781	-6.083.781
Current period 1 Balance on the first day of the current business year 2 Changes in accounting policies														4-4-6 1-4 1	* 457
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ﺍﻟﻤﻌﺎﺭﻳﺔ ﻭﻳﺘﻮﻗﻴﺎ ﺍﻟ	---- स्त्र र द्वारा श्र	14.814.830	______33.895	0	191.	400.340		1.422.588	133.711		59,963	-11.810.386	1.239.183
. ・・・・ Correction of errors
4 Balance on the first dey of the current business year (restated) (AOP 28 to 30)	le	14,814,630	-11.000		+ p =			CASE BART	1x3.214		44.451	-11.810.386	1-239.183	4-413-41	5 417,41
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STEPHONDER (CARP (ADEL PLO BELL (P (P) C (INDICH (ELEAT (RETT) (MATIC (RETT) (MATTI) (1)	77
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18 Redemplion of treasury shares/holdings	등 등 참 등
--- : 1 ----- : 19 Payments from members/shareholders 20 Payment of share in profilididdend
Other distributions and payments to members shareholders । ਟੈ	গ্রা
	്ട് ട											1.239.183	1 239 163
22 Canyforward per annual plane 22 licrouss in reserved arring from the orebankruptcy sellbemant arcedure 24 Balance on the last day of the current businese year reporting pe	5	14 614.630 - ----	-33.695 j 1	o ,	191.858	100.34		1.25671	132.84			Address + tr	2 -44	8. 944.
APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by undr	that nge	up financial stat	la secónizos	the IFRS)
I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF TAX {ADP 33 to 41}	52	0	0					-85.871				13.040		-72.831	-72.83
II comprehensive income or loss for the current period (aDP 32
do 52)	53		0					-85.571				13.040	-381.454	454.29	-454
II TRANSACTIONS WITH OVNERS IN THE CURRENT PERIOD RECOGRISED DIRECTLY IN EQUITY - (ADP 42 to 50)	54		0									1 239,183	-1,239,183

NOTES TO FINANCIAL STATEMENTS - TFI drawn up for quarterly reporting periods)

ersonal identification number (OIB): 79766124714 Vame of the issuer: INSTITUTIGH, d.d.

Reporting period: 1st January, 2025 to 31st March, 2025

Notes to financial statements for quarterly periods include:

promance for the reporting armines of the issuer with respect to the last business year information is provided regarding the may on only and a) explanation of business events relevant to underslanding changes in the statement of financial position .
Iast annual financial statement is updated (items 15 to 15C IAS 3

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