Mega Or Holdings Ltd. — Interim / Quarterly Report 2026

May 24, 2026

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Mega Or Holdings Ltd.
MEGA OR HOLDINGS LTD
Number in the Register: 513257873

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

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

T930 (Public)

Filed via MAGNA: 24/05/2026
Reference: 2026-01-047338

Corrective report to a faulty report that was sent on the date 20/05/2026 whose reference number is: 2026-01-046659

The fault: Clerical errors in the Board of Directors' report
Reason for the fault: Human error

Main points of the correction: Correction of average monthly rent per sq.m. in the table of income-producing properties, as detailed in the marked changes on page 10 of the attached Board of Directors' report, and also a correction in the explanation of the change in the LTV level during the period, as detailed in the marked changes on page 19 of the attached Board of Directors' report.

Report on the financial position

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

Explanation: As of the financial statements for the first quarter of 2017, a corporation that is an insurer (that is, reported in the past by means of form T932) will report by means of this form and will mark "Yes" in this field. Other corporations can proceed to the following sections.

☐ Periodic report according to Chapter B of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970
☐ Quarterly report according to Chapter D of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970
☐ Half-yearly report according to Regulation 5D of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Small corporation

In the reporting period the corporation meets the definition of a "small corporation" No

Explanation: According to the definition of "small corporation" as stated in Regulation 5G of the Securities Regulations (Periodic and Immediate Reports), 5730-1970

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

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

☐ Reporting in a half-yearly format
☐ Attachment of very material valuation reports
☐ Attachment of financial statements of an associate company
☐ Report on the effectiveness of internal control
☐ The corporation has not adopted any relief

I Periodic report

1. Attached herewith is a Periodic report for the year _ which was signed on the date _.
2. Date of the meeting – to the extent that a meeting of shareholders was convened at which the financial statements will be presented: ___.
3. Details of the signatories of the Periodic report:

Name of signatory	Position of signatory

II Financial statements
4. Attached herewith:

---

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

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

Signed on the date 19/05/2026.

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

Do the attached financial statements include a correction of a material error by way of "restatement" of comparative figures: No

1. Attached is Review report of the independent auditor

Date of the independent auditor's signature on the opinion/review: 19/05/2026.

1. Name of the firm of the independent auditor

1 Kost, Forer, Gabbay & Kasierer, Accountants

Name of the independent auditor who signed the opinion:

License number of the independent auditor:

1. A. The opinion is given in an unqualified wording
   B. The review report is given in an unqualified wording Yes
   C. There is an emphasis of a matter in the financial statements No

Emphasis of a matter

Quotation of the wording of the emphasis of a matter:

D. Type of change or addition to the standard wording:

Explanation: If "No" was marked in section 7(A) or 7(B), one of the following fields must be marked.

Qualification
Adverse opinion
Disclaimer of opinion

Quotation of the paragraphs that are not required in the standard wording:

Explanation: If the auditors' opinion or review report is not in the standard wording or includes additions to the standard wording, specify the change and present from the auditors' opinion or review report additional paragraphs that are not required in the standard wording (emphasis of a matter, qualification, etc.).

1. Date of approval of the financial statements: 19/05/2026

2. Details of the signatories of the financial statements:

Name of signatory	Position of signatory
Haim Onplus	Chief Financial Officer
Tzachi Nachmias	Other	Director and Co-CEO
Amit Berger	Chairman of the Board of Directors

1. Details of material associate companies whose financial statements are attached:

1 Name of company

Do the attached financial statements include a correction of an error by way of correction of comparative figures as a "restatement due to an immaterial adjustment of comparative figures": _____

Do the attached financial statements include a correction of a material error by way of "restatement" of comparative figures: _____

1. Details of jointly controlled companies whose financial statements are attached:

1 Name of company

Do the attached financial statements include a correction of an error by way of correction of comparative figures as a "restatement due to an immaterial adjustment of comparative figures": _____

---

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Do the attached financial statements include a correction of a material error by way of "restatement" of comparative figures:

1. Has the corporation performed an early application of an accounting standard No

Explanation: If "Yes" is selected, please specify which accounting standard it is

III Board of Directors' report - presentation

1. A. Attached herewith is the Board of Directors' report signed on the date 19/05/2026.

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

Name of signatory	Position of signatory
Amit Berger	Chairman of the Board of Directors
Tzachi Nachmias	Other Director and Co-CEO

C. Does the corporation have obligations that are required to be disclosed in accordance with Regulations 9D and 38E of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970: Yes

Regarding the manner of filling in this section and the exemption granted to companies from parallel reporting of Form 126, see Q&A number 105.37 at the following link: Link

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

Yes
No

(1). Cash and cash equivalents, securities held for trading and short-term deposits based on data from separate financial statements of the corporation ("solo" statements) (in thousands of NIS): 920,070
(2). Cash and cash equivalents, securities held for trading and short-term deposits based on data from consolidated financial statements of the corporation (in thousands of NIS): 1,354,825

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

E. Disclosure regarding projected cash flow pursuant to Regulation 10(b)(14)(a) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 (Note: This subsection is not relevant to an insurance corporation):

1. Has the corporation issued debentures held by the public as of the date of signing the report? Yes
2. Are one or more of the warning signs specified in the Regulation applicable to the company? No

3a. All warning signs that are applicable to the company must be marked:

Deficit in equity.
Emphasis of a matter referring to the company's financial condition, other than an emphasis of a matter regarding significant doubts about the company's ability to continue as a going concern.
Deficit in working capital or in working capital for a period of twelve months together with a negative continuing cash flow from operating activities (in the consolidated statements and also in the separate financial statements according to Regulation 9G or Regulation 38D, as applicable).
Deficit in working capital or in working capital for a period of twelve months or negative continuing cash flow from operating activities, and the company's Board of Directors has not determined that this does not indicate a liquidity problem in the company.
Emphasis of a matter regarding significant doubts about the company's ability to continue as a going concern.

3b. One or more of the following options must be completed according to the consolidated financial statements:

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

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

The company has a deficit in working capital or in working capital for a period of twelve months.
The company has a negative continuing cash flow from operating activities.

---

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

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

1. Mark the section relevant to the company:

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

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

The company's Board of Directors determined that the existence of a deficit in working capital or a deficit in working capital for a period of twelve months or a negative continuing cash flow from operating activities does not indicate a liquidity problem in the company.

F. Compliance with covenants for debentures:

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

G. Details regarding the corporation's independent auditor:

1 Total remuneration paid to the independent auditor __ for:

Audit services

Services other than audit services

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

Details regarding the independent auditor of material consolidated corporations:

The data must be entered separately for each firm of accountants.

1 Total remuneration paid to the independent auditor of material consolidated corporations to the corporation for:

Audit services

Services other than audit services

ISOX IV Report on internal control

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

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

A. A management report on internal control, in the wording set in the regulations, updated to the date of the statements (according to the Ninth Schedule - Periodic report - Regulation 9B; Quarterly report - Regulation 38(c)) was attached Yes

To the extent that it is not in accordance with the wording set in the regulations, specify the content of the change

B. Internal control as of the date of this report was found to be: Effective

C. Has the conclusion of the Board of Directors regarding the effectiveness of control changed from the last report filed (that is, from effective control to non-effective and vice versa)? No

D. Management statements

1. Has a CEO declaration been attached in accordance with the standard wording set in the regulations (Periodic report - Regulation 9B(d)(1); Quarterly report - Regulation 38G(d)(1)) with an emphasis on Sections 1, 4(a) and 5(a)? Yes
2. Has a declaration of the senior officer in the field of finance been attached, in accordance with the standard wording set in the regulations - Annual report 9B(d)(2); Quarterly report Regulation 38G(d)(2)? Yes
3. Has the wording in Section 4 of the management declarations been adjusted in accordance with the provisions of the regulations - Annual report 9B(d)(1)(2); Quarterly report according to Regulation 38G(d)(1)(2), in a case where there is a financial statements committee that is not an audit committee? Yes

---

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

1. Are the management declarations signed as required (name of the officer and his date of signature as of the date of signing the statements)? Yes

V Attached files

1. A. Periodic report in IXBRL format:
   Regarding attachment of Periodic reports in iXBRL format see the ISA position here
   Periodic report in PDF format: Report Q1 for 2026 Corrective report isa.pdf The quarterly report

B. The following is a file of the very material valuation reports whose attachment is required pursuant to Regulation 8B or Regulation 49 of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970, as applicable Big Kirvat Shmona signed 310326 isa.pdf
C. _ Explanation of the information attached in the file: _

Are the attached PDF files in a textual format that allows search? Yes

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

VI Financial data (excluding earnings per share) in: Thousands of ILS (Israel, New Shekels)

Representative exchange rate of the reporting currency against the NIS at the end of the reporting period: _

1. Data from the consolidated statement of financial position

The amounts of assets and liabilities shall be recorded as a positive amount, i.e. with the "+" sign, while amounts that appear in the company's statements in parentheses (such as a deficit in equity) shall be recorded as a negative amount, i.e. with the "-" sign.

Assets
1. Total current assets	1,735,430
2. Total non-current assets	10,045,327
3. Total assets	11,780,757
Liabilities
4. Total current liabilities	2,060,763
5. Total non-current liabilities	4,483,945
6. Total liabilities	6,544,708
Equity
7. Total equity attributable to owners of the parent company	5,138,688
8. Non-controlling interests	97,361
9. Total equity	5,236,049
10. Total equity and liabilities	11,780,757

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

☐ Presentation by function of expense
☐ Presentation by nature of expense

1. Data from the consolidated statement of profit or loss: For the period of three months ended on the reporting date

In quarterly reports, the data in the statement of profit or loss for a period of 3 months and not for the cumulative period must be filled in. In a half-year report, the data in the statement of profit or loss for a period of six months must be filled in. Negative totals (such as loss from ordinary operations) shall be recorded as a negative amount, i.e. with the "-" sign. If the item does not appear in the company's financial statements, the appropriate checkbox must be selected.

1. Income
   98,262

---

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

1. Gross profit ☐ Not relevant 92,116
2. Profit (loss) from operating activities ☐ Not relevant 912,579
3. Profit (loss) before tax 894,895
4. Profit (loss) 690,647

5. Profit (loss) attributable to:
   6.1 Profit (loss) attributable to owners of the parent company 689,449
   6.2 Profit (loss) attributable to non-controlling interests 1,198

6. Earnings per share

7.1 Total basic earnings (loss) per share 18.57
7.2 Total diluted earnings (loss) per share 18.52

1. Total comprehensive income 690,193

8.1. Comprehensive income attributable to owners of the parent company 688,995
8.2. Comprehensive income attributable to non-controlling interests 1,198

1. Data from the statement of cash flows: For the period of three months ended on the reporting date
   Cash flows used for activities shall be recorded as a negative amount, i.e. with the "-" sign.

(1) Net cash flows from (used in) operating activities 284,975
(2) Net cash flows from (used in) investing activities -457,959
(3) Net cash flows from (used in) financing activities 299,151
(4) Effect of exchange rate changes of foreign currency on cash and cash equivalents 0
(5) Additional effects not reflected in Sections 1-4 above 0

Increase (decrease), net in cash and cash equivalents during the period 126,167

Balance of cash and cash equivalents at beginning of period 1,098,205
Balance of cash and cash equivalents at end of period 1,224,372

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

B. As of the date of publication of the financial statements, is the company a shell company as defined in the TASE Regulations?

☐ We hereby declare that we have filled in the form in accordance with the data in the full financial statements.

Details of the authorized signatories on behalf of the corporation:

	Name of signatory	Position
1	Tzachi Nachmias	Other
Co-CEO and Director
2	Haim Onplus	Chief Financial Officer

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 – 1970), a report filed under these Regulations shall be signed by the authorized signatories on behalf of the corporation. The staff position on this matter can be found on the ISA website: Click here.

Reference numbers of previous documents on the subject (the reference does not constitute incorporation by reference):

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

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

Short name: Mega Or

Address: Mega Or House--, Shilat Moshav73188 Telephone: 08-9744880, Fax: 08-9744898

E-mail: megaor@megaor.co.il

Previous names of reporting entity:

---

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Name of electronic reporter: Rosenberg Maayan AdiPosition: Adv., Company SecretaryName of employing company:

Address: Shilat Industrial Zone 117, Shilat7318800Telephone: 08-9744880Fax: 08-9744898E-mail: adi@megaor.co.il