Institut IGH d.d.

Quarterly Report • Jul 28, 2025

Ordinary share IGH-R-A, ISIN HRIGHORA0006 Listed on the official market of the Zagreb Stock Exchange Home Member State: Croatia LEI mark: 74780000W0UQ8MF2FU71

ZAGREB STOCK EXCHANGE lvana Lučića 2a 10000 Zagreb

HANFA Miramarska 24b 10000 Zagreb

HINA ots@hina.hr

Zagreb, July 25, 2025

Statement of the Management Board on the responsibility for preparing financial reports for Subject: Institut IGH, JSC

The Company's Management Board has to ensure that the INSTITUT IGH d.d. unaudited financial reports for the accounting period from January to June 2025 are prepared in accordance with the Accountancy Law (Official Gazette 78/15, 133/15, 120/16) and International Financial 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 for making public 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 Tatjana Bičanić, Member of the Management Josip Majer, Member of the Management Marija Đuroković, Member of the Management

INSTITUT IGH, d.d. Janka Rakuše 1 10000 Zagreb, Hrvatska

TEL: +385 (0)1 612 51 25 EMAIL: igh@igh.hr WEB: www.igh.hr

Poslovna banka: Hrvatska poštanska banka d d. IBAN: HR3423900011198006586 SWIFT kod: HPBZHR2X

MB: 3750272 OIB: 79766124714

Mjerodavni sud: Trgovački sud u Zagrebu
registarski uložak s matičnim brojem (MBS) 0800000959

Temelini kapital 14.814.630,00 €, uplaćen u cijelosti

Broj izdanih dionica: IGH 1.481.463 Nominalna vrijednost dionice 10 €

Uprava: Robert Petrosian, predsjednik Uprave Marija Đuroković, članica Uprave
Tatjana Bičanić, članica Uprave Josip Majer, član Uprave

ladzorni odbor Žarko Dešković, dipl.ing.građ. predsjednik Nadzornog Odbora

Zagreb, June 30, 2025

Subject: Management Report on business results of the Company Institut IGH d.d. and its subsidiaries in the period from January 1 to June 30 2025.

Institut IGH d.d.

In the period from January to June 2025, Institut IGH d.d operated with revenue amounting to EUR 9,1 million. Operating expenses are (excluding amortization) amount to EUR 7,8 million.

After the amortization cost in the amount of EUR 1 milion, negative effect of interest and exchange rate differences in the amount of EUR 101 thousands, Institut IGH d.d operated at a loss amounting EUR 124 thousands.

The Company actively implements the policy of increasing liquidity and shortening the period of settlement of liabilities to suppliers and The company's activities are also carried out in foreign markets through representative offices, Georgia, Armenia, Hungary, Italy, where they generate income from infrastructure projects of importance in the mentioned 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 June 30, 2025 the new contracts were contracted in total of EUR 5,6 million.

IGH Group

In the period from January to June 2025, IGH Group operated at a revenue amounting to EUR 9,1 million. Operating expenses (excluding amortization) amount to EUR 7,8 million.

After the amortization cost in the amount of EUR 1 million, negative effect of interest and exchange rate differences in the amount of EUR 101 thousands, IGH Group operated at a gross loss amounting EUR 127 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.

Signed on the behalf of the Management Board: Robert Petrosian, President of the Management Tatjana Bičanić, Member of the Management Josip Majer, Member of the Management Marija Đuroković, Member of the Management

INSTITUT IGH, d.d. Janka Rakuše 1 10000 Zagreb, Hrvatska

TEL: +385 (0)1 612 51 25 EMAIL: igh@igh.hr WEB: www.igh.hr

Poslovna banka Hrvatska poštanska banka d.d IBAN: HR3423900011198006586 SWIFT kod: HPBZHR2X

MB: 3750272 OIB: 79766124714

Mierodavni sud: Trgovački sud u Zagrebu
registarski uložak s matičnim brojem (MBS) 0800000959

Temelini kapital: 14.814.630,00 €, uplaćen u cijelosti

Broj izdanih dionica: IGH 1.481.463 Nominalna vrijednost dionice 10 €

Uprava: Robert Petrosian, predsjednik Uprave Marija Đuroković, članica Uprave
Tatjana Bičanić, članica Uprave Josip Majer, član Uprave

ladzorni odbor: Žarko Dešković, dipl.ing.grad. predsjednik Nadzornog Odbora

Annex 1		ISSUER'S GENERAL DATA
Reporting period:		1.1.2025	lo	30.6.2025
Year:		2025
Quarter:		2.
		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
reet and house number: Janka Rakuše 1
E-mail address: ligh@igh.hr
	Web address: http://www.igh.hr
Number of employees (end of the reporting	327
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:		(Yes/No)
Contact person:				(name of the bookkeeping firm)
Telephone:		(only name and surname of the contact person)
E-mail address:
Audit firm:
Certified auditor:	(name of the audit firm)
	(name and surname)

BALANCE SHEET balance as at 30.06.2025.

in EUR

Submitter: INSTITUT IGH D.D.
Item	ADP code	Last day of the preceding business vear	At the reporting date of the current period
1	S	3	4
A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID	001	0	0
B) FIXED ASSETS (ADP 003+010+020+031+036)	002	9.524.669	8.752.272
I INTANGIBLE ASSETS (ADP 004 to 009)	003	18.298	13.899
1 Research and development	004	0	0
2 Concessions, patents, licences, trademarks, software and other	005	13.883	9.484
rights
3 Goodwill	006	0	0
4 Advances for the purchase of intangible assets	007	0	0
5 Intangible assets in preparation	008	4.415	4.415
6 Other intangible assets	009	0	0
II TANGIBLE ASSETS (ADP 011 to 019)	010	6.201.762	5.488.652
1 Land	011	84.692	84.692
2 Buildings	012	440.584	439.664
3 Plant and equipment	013	4.930.037	4.237.737
4 Tools, working inventory and transportation assets	014	548.060	511.100
5 Biological assets	015	0	0
6 Advances for the purchase of tangible assets	016	39.391	39.391
7 Tangible assets in preparation	017	39.826	56.896
8 Other tangible assets	018	40.424	40.424
9 Investment property	019	78.748	78.748
III FIXED FINANCIAL ASSETS (ADP 021 to 030)	020	3.173.586	3.120.530
1 Investments in holdings (shares) of undertakings within the group	021	1.053.043	1.053.043
2 Investments in other securities of undertakings within the group	022	0 4.313	4.313
3 Loans, deposits, etc. to undertakings within the group	023
4. Investments in holdings (shares) of companies linked by virtue of participating interests	024	1.990.842	1.990.842
5 Investment in other securities of companies linked by virtue of
participating interests	025	0	0
6 Loans, deposits etc. to companies linked by virtue of participating	026	0	0
interests
7 Investments in securities	027	0	0
8 Loans, deposits, etc. given	028	125.388	72.332
9 Other investments accounted for using the equity method	029	0	0
10 Other fixed financial assets	030	0	0
IV RECEIVABLES (ADP 032 to 035)	0341	131.023	129.191
1 Receivables from undertakings within the group	032	0	0
2 Receivables from companies linked by virtue of participating interests	033	0	0
3 Customer receivables	034	130.722	128.890
4 Other receivables	035	301	301
V DEFERRED TAX ASSETS	036	0	0
C) CURRENT ASSETS (ADP 038+046+053+063)	037	7.253.690	7.571.285
I INVENTORIES (ADP 039 to 045)	038	75.619	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
4 Merchandise	042	0	0
5 Advances for inventories	043	0	0
6 Fixed assets held for sale	044	0	0
7 Biological assets	045	0	0
IFRECEIVABLES (ADP 047 to 052)	046	3.164.547	3.903.650
1 Receivables from undertakings within the group	047	0	0
2 Receivables from companies linked by virtue of participating		688	688
interests	048
3 Customer receivables	049	2.143.396	2.468.412

4 Receivables from employees and members of the undertaking
5 Receivables from government and other institutions	050	141.532	181.470
6 Other receivables	051	118.444	132.452
III CURRENT FINANCIAL ASSETS (ADP 054 to 062)	052	760.487	1.120.628
1 Investments in holdings (shares) of undertakings within the group	053	3.889.644	3.558.674
2 Investments in other securities of undertakings within the group	054 055	0	0
3 Loans, deposits, etc. to undertakings within the group		0	0
4 Investments in holdings (shares) of companies linked by virtue of	056	92.158	112.833
participating interests 5 Investment in other securities of companies linked by virtue of	057	0	0
participating interests 6 Loans, deposits etc. to companies linked by virtue of participating	058	0	0
interests 7 Investments in securities	059	0	0
	080
8 Loans, deposits, etc. given 9 Other financial assets	061	3.539 3.772.599	3.539
	062		3.420.954
IV CASH AT BANK AND IN HAND	063	21.348	21.348
D ) PREPAID EXPENSES AND ACCRUED INCOME	064	123.880	33.342
E) TOTAL ASSETS (ADP 001+002+037+064)	065	2.005.741	3.630.693
OFF-BALANCE SHEET ITEMS	086	18.784.100	19.954.250
LIABILITIES		0	0
A) CAPITAL AND RESERVES (ADP 068 to 070+076+077+083+086+089)	067	5.617.412	5.705.957
I INITIAL (SUBSCRIBED) CAPITAL	068
II CAPITAL RESERVES	069	14.814.630	14.814.630
III RESERVES FROM PROFIT (ADP 071+072-073+074+075)	070	-33.895	-33.895
1 Legal reserves		-208.382	-208.382
2 Reserves for treasury shares	071	0	0
3 Treasury shares and holdings (deductible item)	072	191.958	191.958
4 Statutory reserves	073	-400.340	-400.340
5 Other reserves	074	0	0
IV REVALUATION RESERVES	075	0	0
V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082)	076	1.422.588	1.250.846
1 Financial assets at fair value through other comprehensive income	0777	193.674	193.674
(i.e. available for sale)	078	133.711
2 Cash flow hedge - effective portion			133.711
3 Hedge of a net investment in a foreign operation - effective portion	079	0	O
4 Other fair value reserves	080	0	0
5 Exchange differences arising from the translation of foreign	081	0	0
operations (consolidation) VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084-	0872	59.963	59.963
085) 1 Retained profit	083	-11.810.386	-10.472.209
2 Loss brought forward	084	0
	085	11.810.386	0
VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) 1 Profit for the business year	036	1.239.183	10.472.209
2 Loss for the business year	087	1.239.183	161.293
	088	O	161.293
/III MINORITY (NON-CONTROLLING) INTEREST 3) PROVISIONS (ADP 091 to 096)	089	0	0
	090	324.272	0
1 Provisions for pensions, termination benefits and similar obligations	091	78.859	327.136
2 Provisions for tax liabilities.			78.859
3 Provisions for ongoing legal cases	092	0	O
4 Provisions for renewal of natural resources	093	245.413	248.277
5 Provisions for warranty obligations	094	0	O
6 Other provisions	095	0	0
LONG-TERM LIABILITIES (ADP 098 to 108)	096	0	0
1 Liabilities to undertakings within the group	097	2.549.393	2.335.704
2 Liabilities for loans, deposits, etc. of undertakings within the group	098 099	0	0
3 Liabilities to companies linked by virtue of participating interests		0	0
	100	0	0

I

10 111

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	2.055.730
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	279.974
D) SHORT-TERM LIABILITIES (ADP 110 to 123)	109	9.758.631	11.160.163
1 Liabilities to undertakings within the group	110	30.041	13.118
2 Liabilities for loans, deposits, etc. of undertakings within the group	111	208.784	253.784
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	1.810.428
6 Liabilities to banks and other financial institutions	115	0	0
7 Liabilities for advance payments	116	776.494	870.032
8 Liabilities to suppliers	117	3.897.723	4.890.664
9 Liabilities for securities	118	0	0
10 Liabilities to employees	119	721.505	735.055
11 Taxes, contributions and similar liabilities	120	1.411.022	1.684.280
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	488.962
E) ACCRUALS AND DEFERRED INCOME	124	534.392	425.290
F) TOTAL - LIABILITIES (ADP 067+090+097+109+124)	125	18.784.100	19.954.250
G) OFF-BALANCE SHEET ITEMS	126	0	0

STATEMENT OF PROFIT OR LOSS for the period 01.01.2025 to 30.06.2025

Submitter: NST I GHD.D.
Item	ADP	Same period of the previous year		Current period
	code	Cumulative	Quarter	Cumulative	Quarter
	2	8	4	5	6
OPERATING INCOME (ADP 002 to 006)	001	10.238.036	5.292.306	9.109.218	5.367.732
1 Income from sales with undertakings within the group	002	398	199	398	196
2 Income from sales (outside group)	003	9.067.550	5.290.100	8.641.343	5.364.037
3 Income from the use of own products, goods and services	004	0	0	0
4 Other operating income with undertakings within the group	005	4.014	2.007	5.964	3.496
5 Other operating income (outside the group)	006	1.166.074	0	461.513	C
II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029)	007	9.628.719	5.097.449	8.854.983	4.787.219
1 Changes in inventories of work in progress and finished goods	008	0	0	0	C
2 Material costs (ADP 010 to 012)	009	2.509.628	1.513.220	2.409.390	1.463.345
a) Costs of raw materials and consumables	010	322.486	170.308	308.647	144.882
b) Costs of goods sold	011	0	0	0	0
c) Other external costs	012	2.187.142	1.342.912	2.100.743	1.318.463
3 Staff costs (ADP 014 to 016)	013	5.350.240	2.812.225	5.037.096	2.57 1.596
a) Net salaries and wages	014	3.372.764	1.787.933	3.185.646	1.659.431
b) Tax and contributions from salary costs	015	1.319.675	686.440	1.233.180	607.013
c) Contributions on salaries	016	657.801	337.852	618.270	305.152
4 Depreciation	017	1.137.416	507.203	1.041.940	517.358
5 Other costs	018	254.598	163.709	321.644	206.668
6 Value adjustments (ADP 020+021)	019	175.670	4.476	24.327	8.727
a) fixed assets other than financial assets	020	0	0	0	0
b) current assets other than financial assets	021	175.670	4.476	24.327	8.727
7 Provisions (ADP 023 to 028)	022	0	0	0	0
a) Provisions for pensions, termination benefits and similar obligations	023	O	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	029	201.167	96.616	20.586	19.525
III FINANCIAL INCOME (ADP 031 to 040)	030	14.949	14.293	25.133	21.677
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 undertakings within the group	033	0	0	0	0
4 Other interest income from operations with undertakings within the group	034	0	0	0	0
5 Exchange rate differences and other financial income from operations	035	0	0	0	0
with undertakings within the group
6 Income from other long-term financial investments and loans	036	0	0	0	0
7 Other interest income	037	299	197	1.148	983
8 Exchange rate differences and other financial income	038	1.014	460	377	138
9 Unrealised gains (income) from financial assets	039	0	0	0	0
10 Other financial income	040	13.636	13.636	23.608	20.556
V FINANCIAL EXPENSES (ADP 042 to 048)	041	117.457	69.433	155.775	78.282
1 Interest expenses and similar expenses with undertakings within the roup	042	1.329	710	0	0
2 Exchange rate differences and other expenses from operations with undertakings within the group	043	0	0	0	0
3 Interest expenses and similar expenses	044	91.587	54.050	122.138	50.256
4 Exchange rate differences and other expenses	045	17.158	14.673	28.315	27.480
5 Unrealised losses (expenses) from financial assets	046	0	0	0	0
6 Value adjustments of financial assets (net)	047	0	O	0	0
7 Other financial expenses	048	7.383	0	5.322	546
SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF ARTICIPATING INTERESTS	049	0	0	0	0
SHARE IN PROFIT FROM JOINT VENTURES	050	0	0	0	0
II SUADE IN LOCC OF COMDANIES I INVED DV I

1 VII ARE IN LOSS OF COMPANIES LINKED BY VIRTUE 051 0 0 0 0 PARTICIPATING INTEREST VIII SHARE IN LOSS OF JOINT VENTURES 052 0 0 0 0 IX TOTAL INCOME (ADP 001+030+049 +050) 053 10.252.985 5.306.599 9.134.351 5.389.409 X TOTAL EXPENDITURE (ADP 007+041+051 + 052) 054 9.746.176 5.166.882 9.010.758 4.865.501 XI PRE-TAX PROFIT OR LOSS (ADP 053-054) 055 506.809 139.717 123.593 523.908 1 Pre-tax profit (ADP 053-054) 056 506.809 139.717 123.593 523.908

in EUR

2 Pre-tax loss (ADP 054-053)	057	0	0	0	0
XII INCOME TAX	058	-64.664	-42.330	-37.700	-18.850
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059)	059	571.473	182.047	161.293	542.758
1 Profit for the period (ADP 055-059)	060	571.473	182.047	161.293	542.758
2 Loss for the period (ADP 059-055)	061	0	0	O	0
DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations)
XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS	062	0	0	0	0
(ADP 063-064)
1 Pre-tax profit from discontinued operations 2 Pre-tax loss on discontinued operations	063	0 0	0	0	0
XV INCOME TAX OF DISCONTINUED OPERATIONS	064 065	0	0 0	0	0 0
1 Discontinued operations profit for the period (ADP 062-065)	086			0
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)	028
1 Pre-tax profit (ADP 068)	069	0	0	0
2 Pre-tax loss (ADP 068)	070	0	0	0
XVII INCOME TAX (ADP 058+065)	07.1
XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071)	072
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
1 Attributable to owners of the parent	076	0	0	0
2 Attributable to minority (non-controlling) interest	077	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
II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87)	079	0	0	0
III Items that will not be reclassified to profit or loss (ADP 081 to 085)	080	0	0	0
1 Changes in revaluation reserves of fixed tangible and intangible assets	081	0	0	0
2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income	082	0	0	0
3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk	083	0	0	0
4 Actuarial gains/losses on the defined benefit obligation	084	0	0	0
5 Other items that will not be reclassified	085	0	0	0
6 Income tax relating to items that will not be reclassified	086	0	0	0
IV Items that may be reclassified to profit or loss (ADP 088 to 095)	087	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	089	0	0	0	0
fair value through other comprehensive income
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 foreign operation	091	0	0	0	0
5 Share in other comprehensive incomelloss of companies linked by virtue of participating interests	092	0	0	0	0
6 Changes in fair value of the time value of option	093	O	0	O	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	0	0	0
9 Income tax relating to items that may be reclassified to profit or loss	096	0	0	0	0
V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096)	097	0	0	0	0
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097	098	0	0	0	0
APPENDIX to the Statement on comprehensive in be filled in by undertakings that draw up consolidated statements)
VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101)	099	0	0	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 30.06.2025

Submitter: INSTITUT IGH D.D.			in EUR
Item	ADP code	Same period of the previous year	Current period
1	12	3	4
Cash flow from operating activities 1 Pre-tax profit	001	506.809
2 Adjustments (ADP 003 to 010):	002	1.213.372	123.593 954.986
a) Depreciation	003	1.137.416	1.041.940
b) Gains and losses from sale and value adjustment of fixed tangible and
intangible assets	004	680.065	0
c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets	005	0	0
d) Interest and dividend income	006	0	0
e) Interest expenses	007	0	0
f) Provisions	008	0	2.864
g) Exchange rate differences (unrealised)	009	0	0
h) Other adjustments for non-cash transactions and unrealised gains and	010
losses		-604.109	-89.818
I Cash flow increase or decrease before changes in working capital	011	1.720.181	1.078.579
(ADP 001+002)
3 Changes in the working capital (ADP 013 to 016)	012	-1.169.752	254.743
a) Increase or decrease in short-term liabilities	013	1.106.513	2.941.876
b) Increase or decrease in short-term receivables	014	-1.303.140	-737.271
c) Increase or decrease in inventories d) Other increase or decrease in working capital	015	0	0
Il Cash from operations (ADP 011+012)	016 017	-973.125	-1.949.862
4 Interest paid	018	550.429 0	1.333.322 0
5 Income tax paid	019	0	0
A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019)	020	550.429	1886 892
Cash flow from investment activities
1 Cash receipts from sales of fixed tangible and intangible assets	021	0	0
2 Cash receipts from sales of financial instruments	022	0	0
3 Interest received	023	0	0
4 Dividends received	024	0	0
5 Cash receipts from repayment of loans and deposits	025	0	0
6 Other cash receipts from investment activities	026	0	0
III Total cash receipts from investment activities (ADP 021 to 026)	027	0	0
1 Cash payments for the purchase of fixed tangible and intangible assets	028	0	0
2 Cash payments for the acquisition of financial instruments	029	0	0
3 Cash payments for loans and deposits for the period	030	-465.465	0
4 Acquisition of a subsidiary, net of cash acquired	031	0	0
5 Other cash payments from investment activities	032	0	0
IV Total cash payments from investment activities (ADP 028 to 032)	033	-465.465	0
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033)	034	-465.465	0
Cash flow from financing activities
1 Cash receipts from the increase in initial (subscribed) capital	035	0	0
2 Cash receipts from the issue of equity financial instruments and debt
financial instruments	036	0	0
3 Cash receipts from credit principals, loans and other borrowings	037	0	184.026
4 Other cash receipts from financing activities	038	108	0
V Total cash receipts from financing activities (ADP 035 to 038)	039	108	184 026
1 Cash payments for the repayment of credit principals, loans and other
borrowings and debt financial instruments	040	-463.671	-1.607.886
2 Cash payments for dividends	041	0	0
3 Cash payments for finance lease	042	0	0
4 Cash payments for the redemption of treasury shares and decrease in
initial (subscribed) capital	043	0	0
5 Other cash payments from financing activities	044	0	0
VI Total cash payments from financing activities (ADP 040 to 044)	045	-463.674	-1.607 886
C) NET CASH FLOW FINANCING ACTIVITIES (ADP 039 +045)	046	-463.563	-1.423.860
1 Unrealised exchange rate differences in respect of cash and cash equivalents	047	0	0
D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP
020+034+046+047) E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE	048	-378.599	-90 -388
PERIOD	049	409.715	123.880
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049)	050	31.116	33.342

STATEMENT OF CASH FLOWS - direct method

for the period __ . _ . . . . to __ to __ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Submitter:			in EUR
Item	ADP	Same period of the	Current period
	code 2	previous year 3
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	0
1 Cash payments to suppliers	007
2 Cash payments to employees	008
3 Cash payments for insurance premiums	009
4 Interest paid 5 Income tax paid	010
6 Other cash payments from operating activities	011 012
II Total cash payments from operating activities (ADP 007 to 012)	018	0	0
A) NET CASH FLOWFROM OPERATING ACTIVITIES (ADP 006 + 013)	014	0	0
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
Ill Total cash receipts from investment activities (ADP 015 to 020)	02-1	0	C
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	0
B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 021 + 02-74	028	0	0
Cash flow from financing activities
1 Cash receipts from the increase in initial (subscribed) capital	029
2 Cash receipts the from issue of equity financial instruments and debt	030
financial instruments
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	0
1 Cash payments for the repayment of credit principals, loans andother 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 treasury shares and decrease in initial (subscribed) capital	037
5 Other cash payments from financing activities	038
VI Total cash payments from financing activities (ADP 034 to 038)	039	0	0
C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 033 +039)	040	0	0
1 Unrealised exchange rate differences in respect of cash and cash
equivalents D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 014 + 028 +	041
040 + 041)	042	0	0
E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	043
F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 042+043)	044	0	0

10 1.1.2025 COm	30 6.2025
liers	ತಿ ದ		Capital reserves	Legal reserves	Transformal for	と			TECHNOLOG			Person Cale wal			Profithous for the Total uttributable to		ിക്കുന്നത് (മാന്തം) അവലംബം	Total capital a
revious period any																1010 17		20 (18998)
Balance on the first day of the previous business year Changes in accounting policies	2 2 2	14.814.630	-33 895		191 058	400.340			1.705.824	133.711			-39.171	-17.174.719	6.083 780	5.281.77
Balance on the first day of the previous business year (restated) (ADP 01 to Correction of errors
Profit/loss of the period	04	10 14.814.630	-33.005	0	101,058	400.340				133,71			-39.171	-17.174719	6.083.780	5.281.778		5.281 77
Exchange rate differences from translation of foreign operations	8 8							11/11/6					99 134	1,6	17777	1.239.183		1.230.183
Changes in revaluation reserves of fixed tangible and intangible assets	07													-710.447		199.134 -1 002.00		00, 134 -1 002
3 Gains or losses from subsequent measurement of financial assets at fair value hough other comprehensive income (available for sale)	08
Profit or loss arising from effective cash first hedge	09
10 Profit or loss arising from effective hedge of a net Investment in a foreign operation 11 Share in other comprehensive incommission of companies linked by virtue of	10				0
12 Actuarial gains!fosses on the defined benefit obligation steeses on Dunist discussion	11
13 Other changes in equity unrelated to owners	2 C					10
14 Tax on transactions recognised directly in equity	=			11111111111111111111111111111111111119	1	////8	11/11/2
15 Decrease in initial (subscribed) capital (other than arising trom the pro-bankruptcy setilement procedure or from the reinvestment of profil)	દ ડ
16 Decrease in initial (subscribed) capital arising from the pre-bankruptcy settionnent oced pre	16
7 Decrease in intual (subscribed) capital arising from the reinvestment pf profit	17
10 Redemplion of treasury sharesholdings	18
19 Payments from members/shareholders 20 Payment of share in profitidelyidend	6
21 Other distributions and payments to members/shareholders	8 2
22 Transfer to reserves according to the annual schedule	22													6.083 780	-0 083.76
23 Increase in reserves arising from the pre-bankrupt. I settlement procedure 24 Balance on the last day of the previous business year reporting perfoot (ADP	==============================================================================================================================================================================	14,814,630	-33,605	0
04 to 23) APPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (10 be filled in by und	rsere	w up financial at		th the IFRS)	191,058	400.340			1.422.688	133.711			59.983	-11.810.38	1,220,183	5.017.459		6617.
I OTHER COMPREHENSIVE INCOME OF THE PREVIOUS PERIOD, NET OF TAX (ADP 06 to 14)	25
II comprehensive income or loss for the previous period (ADP									-283.236				09.134	-719.447		-903.549
05+25)	25	0		0					-283.236				00.134	-719.447
III TRANSACTIONS WITH OWNERS IN THE PREVIOUS PERIOD RECOGNISED DIRECTLY IN EQUITY (ADP 15 to 23)	27			0											1.239 183	335.63		335.
urrant parled														6 083.700	-0.083.780
1 Balance on the first day of the current business year	દર	14.814 630	-33 896	0	181 658	400. 340			1.422 588	133 71
2 Changes In accounting policies Carrection of errars	ાર 18												50.903	·11 810 38	1,230,183	5.617.412		5.617.4
Balance on the first day of the current business year (restated) (AOP 28 to 30)	31	14.814.630	-33,895	0
Profit/libes of the period	ਟੈੱਡ				101.058 10	400,340			1.422.58	133.75			50 003	-11,810,384	1.239.183	5.617 412		5.617.41
Exchange rate differences from translation of fornig n operations	13													1/8/11/19		161.20		151
Changes in revaluation reserves of fixed tangible and infangible assets	14
hrough other comprehensive income (available for sale)	15													171 747
Profit or loss anising from effective cash flow hedge	91
O Profit or loss arising from effective hedge of a net investment in a foreign operation	17
11 Sharm in other comprehansive income/loss of companies linked by virtue of
2 Actuarial gainsflosses on the defined benefit obligation	। ਕ
13 Other changes in equity unrelated to owners	29 01
14 Tax on transactions recognised directly in equity	u			11/11/19/11/11/2/11/11/1/1/1/1/1		/////								-72.		-727		-72
15 Docreasa in Intial (subscribed) capital (other than arising from the pro-bankruplicy sotilement procedure or from the reinvestmant of profit)	42
I Decrease in intial (eubscribed) capital arising from the pre-bankruploy settlement brocedure	43
7 Docrease in initial (subscribed) capital ansing from the reinvestment of profit	=
8 Redemption of treasury shares/holdings	SP
19 Payments from members/sharehoiders	46
Other distributions and payments to members/shareholders 20 Payment of share in profitidividend	47 11
22 Carrylorward per annual plane
24 Balance on the last day of the current business year reporting period (ADP 23 Increase in reserves arising from the pre-bankruptcy settlement procedure	2 8													1.239 181	129
	5	14.814.630	-33,806	0	101.058	400,340			1 250,846	133.711			50.003	-10.472.200	161,203
PPENDIX TO THE STATEMENT OF CHANGES IN EQUITY (to be filled in by i		caw up fictancial ets		the the IFRA)												6.705.957		6.705.6
I OTHER COMPREHENSIVE INCOME FOR THE CURRENT PERIOD, NET OF 'AX (ADP 33 to 41)	52			0					-171.742					68,004
II COMPREHENSIVE INCOME OR LOSS FOR THE CURRENT PERIOD (ADP 32 52)	53	0	0	್ರಹ					-171.742							-72.746		-7271
II TRANSACTIONS WITH OWNERS IN THE CURRENT PERIOD RECOQNISED I DIRECTLY IN EQUITY (ADP 42 to 50)	54													98,094	161,203	19 845		88.64
			0	0

STATEMENT OF CHANGES IN EQUITY . NOTES TO FINANCIAL STATEMENTS - TFFI
(drawn up for quarterly reporting periods)

Name of the issuer. INSTITUT IGH, d d
Personal identification number (OIE)

ването на представите представен и композителни в мести в мести в мести в местивни в местивни в молемента на местивниката на полнителните на полнителните на полнителниот на

t be war notel consider and more of the not redakter in and model of which and mind and man belop polded any comments commens commens commend commissions in commens commy po

. Спорти се седен компании в складател на селото на селото на селото на селото на селото на селото на селото на селото на селото на селото на селото на селото на мести малки

the delerted tax balance at the end of the financial year, and the movement in the balances dunny the financial year and one inancial year one
Defense and real none office i