Plaza Centres Plc

Earnings Release • Jul 30, 2025

Company Announcement

Plaza Centres plc (the "Company")

Announces approval of the Interim Financial Statements

and dividend recommendation

Date of announcement	30 July 2025
Reference	PZC 266/2025
In terms of Chapter 5 of the Capital Markets Rules

The following is a Company Announcement issued by Plaza Centres plc ('The Company') pursuant to the Malta Financial Services Authority Capital Markets Rules:

QUOTE

Following a meeting of the board of directors held earlier today, Plaza Centres plc approved its interim financial statements for the six months ended 30 June 2025.

A copy of the said interim financial statements can be viewed either on the Company's web portal: https://plazashopping.com/investors/, or as per the attached copy.

The Directors have also resolved to declare an interim net dividend to shareholders of €250,000 equivalent to €0.0098 per share. The cut-off date for eligibility to dividends shall be the 14 August 2025 and that accordingly only shareholders on the register of members on that date shall be eligible to receive the dividend which will be paid on the 28 August 2025.

UNQUOTE

Signed:

Louis de Gabriele Company Secretary

The Plaza Commercial Centre, Management Office, Level 3, Bisazza Street, Sliema, SLM 1640, Malta

Plaza Centres p.l.c.

Leve| 3 - The Plaza Commercia| Centre Bisazza Street, Sliema SLM 1640, Tel: 21343832/3/4 E-mail: info@plazamalta.com; www.plaza-shopping.com

Half-Yearly Report for the period ended 30 June 2025

The following Half-Yearly Report is being of Chapter 5 of the Malta Financial Services Authority Capital Markets Rules. The condensed interim financial information has been extracted financial statements for the six months ended 30 June 2025. The interim financial information should be read in conjunction with the annual financed to the year ended 31 December 2024, which have been prepared in accordance with FRSs as adopted by the European Union. The accounting of the Half-Yearly Report are consistent with those used in the anual financial statements for the year ended 31 December 2024. This Half-Yearly Report has not been and the company's independent auditors.

Interim Directors' report

The Directors hereby present the Group's financial results for the six months ending 30 June 2025.

Principal activities

The Group's principal activity, is to lease, manage and market the Plaza Shopping and Commercial Centre (owned by the Parent Company).

Business update

Over the past couple of years, the Parent Complementation of a refurbishment programme to enhance the experience for all its tenants and visitors. As the works continue, such upgrades are visible and being enjoyed by all our tenants, and visitors on a daily basis.

Sustainability continues to be at the core of all refurbishment works. This year the service lift of the complex with a modern and energy efficient lift. The last stage of refurbishment works on the instalation of automay and the installation of automatic doors and air curtains will help improving the energy efficiency of air conditioners in proximity.

Group Financial results

During the first six months of the year, the Group generated revenue of €1,600,083 (2024) an increased by 1.79% to €1,123,551 (2024: €1,103,761). Profit before tax increased by 14.67% to €934,674 (2024: €815,065). During the interim period, the Group disposed of certain bond investments and acquity securities as part of its ongoing portfolio management strategy. These transactions were carried out to align the investment portfolio with the Group's return objectives. The net impact of the financial statements for the period.

The Group's occupancy at 30 June 2025 was 96% (30 June 2024: 96%).

The Directors do not anticipate a significant chaps performance over the next six months. The Board remains cautious due to the prevailing economic challenges including geopolitical instability.

As at 30 June 2025, the Board of Directors recomment of an interim net dividend of €250,000 equivalent to €0.009 per share (30 June 2024: €250,000 equivalent to €0.0098 per share). The cut-of the 14 August 2025 and that accordingly only shareholders on the register of members on that date shall be eligible to receive the dividend which will be paid on the 28 August 2025.

Condensed Statements of Financia| Position

		As at 31		As at 31
	As at 30	December	As at 30 June 2025	December 2024
	June 2025	2024
	Group		Company
	€	€	€	€
ASSETS
Non current assets - property, plant and equipment	32,379,777	32,531,159	32,379,777	32,531,159
Other non-current assets	3,123,784	3,796,886	3,123,784	3,796,886
Current assets	2,018,524	1,084,978	2,018,296	1,087,834
Total assets	37,522,085	37,413,023	37,521,857	37,415,879
EQUITY AND LABILITIES
Capital and reserves	28,028,180	27,786,929	28,031,851	27,794,553
Non-current liabilities	8,212,512	8,180,836	8,212,512	8,180,836
Current liabilities	1,281,393	1,445,258	1,277,494	1,440,490
Total liabilities	9,493,905	9,626,094	9,490,006	9,621,326
Total equity and liabilities	37,522,085	37,413,023	37.521.857	37,415,879

Condensed Income Statements

	Six months ended 30 June
	2025	2024	2025	2024
	Group		Company
	€	€	€	€
Revenue	1,600,083	1,573,305	1,600,083	1,537,122
Marketing, maintenance and administrative costs	(476,532)	(469,544)	(480,485)	(431,413)
Operating profit before depreciation	1,123,551	1,103,761	1,119,598	1,105,709
Depreciation	(263,568)	(255,470)	(263,568)	(245,718)
Operating profit	859,983	848,291	856,030	859,991
nvestment and other related income	93,026	(8,800)	93,026	(4,452)
Net finance costs	(18,335)	(24,426)	(18,335)	(22,138)
Profit before tax	934,674	815,065	930,721	833,401
Tax expense	(241,496)	(234,639)	(241,496)	(234,639)
Profit for the period	693,178	580,426	689,225	598,762
Profit/ (loss) attributable to:
Owners of the parent	693,178	588,641	689,225	598,762
Non-controlling interests		(8,215)
	693,178	580,426	689,225	598,762
Earnings per share (cents)	2c7	2c3	2c7	2c3
Condensed Statements of Comprehensive Income
Profit for the period	693,178	580.426	689,225	598,762
Other comprehensive income:
Items that may be reclassified to profit or loss
(Losses)/ gains from changes in fair vaue of debit instruments at FVOCl	(35,115)	23,210	(35,115)	23,210
Reclassification adjustments for net gains included in profit or loss upon
disposal of debt instruments at FVOCl	(66,812)		(66,812)
Total comprehensive income for the period	591,251	603,636	587,298	621,972
Total comprehensive income attributable to:
Owners of the parent	591.251	611.851	587.298	621.972

591,251

(8,215)

603,636

Condensed Statements of Changes in Equity

Group	Share capital €	Share premium €	Revaluation reserve €	Retained earnings €	Tota €	Non-controlling interest €	Tota equity €
Balance at 1 January 2024	5,098,400	3,094,868	14,536,095	4,486,382	27,215,745	(2,247)	27,213,498
Total comprehensive income for the period			23,210	588,641	611,851	(8,215)	603,636
Dividends relating to 2023				(350,000)	(350,000)		(350,000)
Balance at 30 June 2024	5,098,400	3,094,868	14,559,305	4,725,023	27,477,596	(10,462)	27,467,134
Balance at 1 January 2025	5,098,400	3,094,868	14,576,893	5,033,257	27,803,418	(16,489)	27,786,929
Total comprehensive income for the period			(101,927)	693,178	591,251		591,251
Dividends relating to 2024				(350,000)	(350,000)		(350,000)
Balance at 30 June 2025	5,098,400	3,094,868	14,474,966	5,376,435	28,044,669	(16,489)	28,028,180
Company	Share	Share	Revaluation	Retained	Tota	Non-controlling	Tota
	capita	premium	reserve	earnings		interest	equity
	€	€	€	€	€	€	€
Balance at 1 January 2024	5,098,400	3,094,868	14,536,095	4,512,130	27,241,493		27,241,493
Total comprehensive income for the period			23,210	598,762	621,972		621,972
Dividends relating to 2023				(350,000)	(350,000)		(350,000)
Balance at 30 June 2024	5,098,400	3,094,868	14,559,305	4,760,892	27,513,465		27,513,465
Balance at 1 January 2025	5,098,400	3,094,868	14,576,893	5,024,392	27,794,553	-	27,794,553
Total comprehensive income for the period			(101,927)	689,225	587,298	-	587,298
Dividends relating to 2024				(350,000)	(350,000)		(350,000)
Balance at 30 June 2025	5,098,400	3,094,868	14,474,966	5,363,617	28,031,851	-	28,031,851

Condensed Statements of Cash Flows

Six months ended 30 June
2025	2024	2025	2024
		Company
€	€	€	€
651.412	604.881	672.162	615.620
314,631	(277.464)	314.631	(224.203)
(346,267)	(341,282)	(346,267)	(341,282)
619,776	(13.865)	640,526	50.135
(40.809)	575.321	(61.789)	496.590
578.967	561.456	578.737	546.725
		Group

Notes to the Condensed Financial Statements

As at 30 June 2025, no balances were outstandinterst receivable from the subsidiary (31 December 2024: €43,07 and €18,452, respectively). The elated interest income recognised in the Company's condensed income statement for the six months ended 30 June 2024: €4,348,

During the period, the outstanding balance was partly repaining anount was written off following a decision by the shareholders to liquidate the subsidiary.

Statement Pursuant to Capital Markets Rule 5.75.3 issued by the Malta Financial Services Authority

We confirm that to the best of our knowledge:

. The concensed information gives a true and fair view of the financial position of the group and company as at 30 June 2022, and of their financial performance and cash flo period then ended in accordance with International Reporting Standards as adopted by the European Union applicable to 'Interim Financial Reporting' (1/5 34);

2.The Interim Directors' Report includes a fair review of the information required in terms of Capital Markets Rules 5.82020

1 Charles J. Farrugia

Charles J.Farrugia Chairperson of the Board of Directors 30 July 2025

e: 5C20C29AACF04DC7 ... osianne Briffa Josianne Briffa

Chairperson of the Audit Committee