Palram Industries (1990) Ltd. — Interim / Quarterly Report 2026

May 28, 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.

Palram Industries (1990) Ltd.
PALRAM INDUSTRIES (1990) LTD
Number in the registrar: 520039843

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

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

T930 (Public)
www.tase.co.il

Transmitted by MAGNA: 28/05/2026
Reference: 2026-01-050473

Report on Financial Position

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

Explanation: Starting from the financial statements for the first quarter of 2017, a corporation that is an insurer (i.e., reported in the past under Form T932) will report under this form and will mark "Yes" in this field; all other corporations may proceed to the following sections.

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

Small corporation

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

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

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

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

☐ Reporting on a semi-annual basis
☐ Attachment of very material valuation reports
☐ Attachment of financial statements of an equity-accounted investee
☐ Reporting regarding effectiveness of internal control
☐ The corporation did not adopt any relief

I Periodic report

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

Name of signatory	Position of signatory

II Financial statements

1. Attached herewith:

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

Signed on 28/05/2026.

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

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

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

1. Attached herewith Review report of the independent auditor

Date of the independent auditor's signature on the opinion/review: 28/05/2026.

1. Name of the independent auditor's firm

1 Kost, Forer, Gabbay & Kasierer, Certified Public Accountants

Name of the independent auditor signing 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 matter in the financial statements No

Emphasis of matter

Quotation of the wording of the emphasis of matter:

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

Explanation: If "No" was marked in Section 7(A) or 7(B), it is mandatory to mark one of the following fields.

Qualification
Adverse opinion
Disclaimer of opinion

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

Explanation: If the auditors' opinion or the 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 the review report additional paragraphs that are not required in the standard wording (emphasis of matter, qualification, etc.).

1. Date of approval of the financial statements: 28/05/2026

2. Details of the signatories of the financial statements:

Name of signatory	Position of signatory
Ido Rudoy	Chairman of the Board of Directors
Avishai Zamir	CEO
Eran Goldman	Chief Financial Officer

1. Details of material equity-accounted investees whose financial statements are attached:

1 Name of company

Do the attached financial statements include a correction of an error by way of correcting comparative figures as a "restatement due to non-material 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 partnerships whose financial statements are attached:

1 Name of company

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

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

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

Explanation: If "Yes" was chosen, please specify which accounting standard is involved

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

III Board of Directors' report – presentation

1. A. Attached herewith is the Board of Directors' report which was signed on 28/05/2026.

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

Name of signatory	Position of signatory
Ido Rudoy	Chairman of the Board of Directors
Avishai Zamir	CEO

C. Does the corporation have obligations which must be disclosed according to Regulations 9D and 38E of the Securities Regulations (Periodic and Immediate Reports), 1970: No

Regarding how to fill in this section and the exemption given to companies from parallel reporting of Form 126, see FAQ No. 105.37 at the following link: Link

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

☐ Yes
☐ No

(1). Cash and cash equivalents, securities held for trading and short-term deposits based on data from the separate financial statements of the corporation ("solo" statements) (in thousands of NIS): 51,964
(2). Cash and cash equivalents, securities held for trading and short-term deposits based on data from the consolidated financial statements of the corporation (in thousands of NIS): 416,091

Explanation: The data shall include only unencumbered balances.

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

1. Has the corporation issued debentures held by the public as of the signing date of the report? No
2. Does one or more of the warning signs prescribed in the Regulation exist with respect to the company? No

3a. Mark all warning signs that apply to the company:

☐ Negative equity.
☐ Emphasis of matter referring to the financial situation of the company, excluding an emphasis of matter regarding material doubts as to the continuation of the company's operations as a going concern.
Deficit in working capital or in working capital for a period of twelve months together with a continued negative cash flow from operating activities (in the consolidated statements and 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 a continued negative cash flow from operating activities, and the board of directors of the company has not determined that this does not indicate a liquidity problem in the company.
☐ Emphasis of matter regarding material doubts as to the continuation of the company's operations as a going concern.

3b. One or more of the following options must be filled in 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 continued negative cash flow from operating activities.
☐ The company has no deficit in working capital or in working capital for a period of twelve months and has no continued negative cash flow from operating activities.

3c. One or more of the following options must be filled in 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 continued negative cash flow from operating activities.
☐ The company has no deficit in working capital or in working capital for a period of twelve months and has no continued negative 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 clause 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.

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

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

The board of directors of the company determined that the existence of a deficit in working capital or in working capital for a period of twelve months or a continued negative cash flow from operating activities does not indicate a liquidity problem in the company.

F. Compliance with covenants regarding debentures:

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

G. Details regarding the corporation's independent auditor:

1 Total fee paid to the independent auditor __ for:

Audit services

Non-audit services

Note: The total fee 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 CPA firm.

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

Audit services

Non-audit services

ISOX IV Report on internal control

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

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

A. An internal control management report, in the wording prescribed in the Regulations, updated to the date of the financial statements, has been attached (according to the Ninth Schedule – Periodic report – Regulation 9B; Quarterly report – Regulation 38(c)) Yes

If it is not in the wording prescribed in the Regulations, specify the content of the change

B. The internal control as at the date of this report was found to be: Effective

C. Has the Board of Directors' conclusion regarding the effectiveness of control changed from the last report submitted (i.e., from effective control to ineffective and vice versa)? No

D. Management declarations

1. Was a CEO declaration attached in accordance with the standard wording prescribed in the Regulations (Periodic report – Regulation 9B(d)(1); Quarterly report according to Regulation 38G(d)(1)) with emphasis on Sections 1, 4(a) and 5(a)? Yes
2. Was a declaration of the senior officer in the finance area attached, in accordance with the standard wording prescribed in the Regulations – Annual report 9B(d)(2); Quarterly report Regulation 38G(d)(2)? Yes
3. Was the wording in Section 4 of the management declarations 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
4. Are the management declarations signed as required (name of the officer and date of his signature as of the date of signing the financial statements)? Yes

V Attached files

1. A. Periodic report in IXBRL format:

Regarding attachment of Periodic reports in iXBRL format see the Authority's position here

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

Periodic report in PDF format: Palram0326_isa.pdf The quarterly report

B. Below is the file of very material valuation reports which is required to be attached pursuant to Regulation 8B or Regulation 49 of the Securities Regulations (Periodic and Immediate Reports), 1970, as applicable
C. Explanation of the information attached in the file:

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

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

VI Financial data (other than earnings per share) in: thousands ofILS (Israel, New Shekels)

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

1. Data from the consolidated statement of financial position

The amounts of assets and liabilities shall be recorded as a positive amount, i.e. with a “+” sign, whereas amounts appearing in the company's balance sheets in parentheses (for example, deficit in equity) shall be recorded as a negative amount, i.e. with a “-” sign.

Assets
1. Total current assets	1,288,251
2. Total non-current assets	702,935
3. Total assets	1,991,186
Liabilities
4. Total current liabilities	380,603
5. Total non-current liabilities	254,810
6. Total liabilities	635,413
Equity
7. Total equity attributable to owners of the parent company	1,227,063
8. Non-controlling interests	128,710
9. Total equity	1,355,773
10. Total equity and liabilities	1,991,186

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

$\bigcirc$ Presentation by function of activity
$\bigcirc$ Presentation by nature

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

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

1. Revenue	402,235
2. Gross profit □ Not relevant	145,719
3. Profit (loss) from operating activities □ Not relevant	49,471
4. Profit (loss) before tax	46,984
5. Profit (loss)	40,133
6. Profit (loss) attributable to:
6.1 Profit (loss) attributable to owners of the parent company	37,737
6.2 Profit (loss) attributable to non-controlling interests	2,396

1. Earnings per share

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

7.1 Total basic earnings (loss) per share 1.47
7.2 Total diluted earnings (loss) per share 1.47

1. Total comprehensive income 31,419

8.1. Comprehensive income attributable to owners of the parent company 29,729
8.2. Comprehensive income attributable to non-controlling interests 1,690

1. Data from the statement of cash flows: For a period of three months ended on the balance sheet date

Cash flows used for activities shall be recorded as a negative amount, i.e. with a "-" sign

(1) Net cash flows provided by (used in) operating activities 23,681
(2) Net cash flows provided by (used in) investing activities -13,157
(3) Net cash flows provided by (used in) financing activities -6,965
(4) Effect of changes in foreign exchange rates on cash and cash equivalents 196
(5) Additional effects not reflected in Sections 1-4 above 0

Increase (decrease), net in cash and cash equivalents during the period 3,755

Cash and cash equivalents at beginning of period 301,501

Cash and cash equivalents at end of period 305,256

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

We hereby declare that we have filled in the form according to the data in the full financial statements.

Details of the authorized signatories on behalf of the corporation:

Name of signatory	Position
Riki Fishbein Leshem	Controller

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted according to these Regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on the subject 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 form structure update: 09/12/2025

Short name: Palram

Address: Kibbutz Ramat Yochanan, D.N. Kfar Hamaccabi30035 Telephone: 04-8459900,

Fax: 04-8444012

E-mail: yifat.licht@palram.com

Former names of reporting entity: Paltov-Palram Ltd.

Name of electronic reporter: Fishbein-Leshem RikiPosition: ControllerName of employing company:

Address: Kibbutz Ramat Yochanan0, D.N. Kfar Hamaccabi30035Telephone: 04-8459829Fax: 04-8444012E-mail: riki.leshem@palram.com