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SIF Muntenia S.A. Net Asset Value 2025
2297_iss_2025-10-14_9909f732-9a46-461b-8cd9-a3219ff8810e.pdf
Net Asset Value
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Fax: +40 213 873 209 Email: [email protected]
www.longshield.ro
STATEMENT OF ASSETS AND LIABILITIES OF LONGSHIELD INVESTMENT GROUP AS AT 30.09.2025 PREPARED ACCORDING TO FSA REGULATIONS LEI % of total assets 1 Intangible assets 0,00 0,00 2 Tangible assets 0,00 0,00 3 Real estate investments 0,00 0,00 4 Biological assets 0,00 0,00 5 Assets representing rights to use the underlying assets in a leasing contract 45.087,02 0,00 6 Financial Assets 2.891.242.684,45 94,57 6.1 Financial assets measured at amortized cost 79.482.137,38 2,60 6.1.1 Bonds 79.482.137,38 2,60 6.1.1.1 Corporate bonds 79.482.137,38 2,60 6.1.1.1.1 Listed corporate bonds 1.328.468,00 0,04 6.1.1.1.2 Listed and not traded corporate bonds in the last 30 days 0,00 0,00 6.1.1.1.3 Newly issued corporate bonds 0,00 0,00 6.1.1.1.4 Unlisted corporate bonds 78.153.669,38 2,56 6.2 Financial assets measured at fair value through pro˚t or loss 1.277.532.894,36 41,79 6.2.1 Shares 1.001.108.099,72 32,75 6.2.1.1 Listed shares 716.926.038,10 23,45 6.2.1.2 Listed and not traded shares in the last 30 days 0,00 0,00 6.2.1.3 Unlisted shares 284.182.061,62 9,30 6.2.2 Participation titles of UCITS and / or AIFs, of which: 185.950.247,33 6,08 6.2.2.1 listed shares 0,00 0,00 6.2.2.2 listed fund units 0,00 0,00 6.2.2.3 unlisted fund units 185.950.247,33 6,08 6.2.3 Bonds 57.343.066,31 1,88 6.2.3.1 Corporate bonds 57.343.066,31 1,88 6.2.3.1.1 Listed corporate bonds, of which: 57.343.066,31 1,88 6.2.3.1.1.1. admitted or traded on a regulated market in a Member State 57.343.066,31 1,88 6.2.4 Payments for share capital increase for unlisted companies 0,00 0,00
14.10.2025
6.2.5 Equity interests 33.131.481,00 1,08
Fax: +40 213 873 209 Email: [email protected]
www.longshield.ro
STATEMENT OF ASSETS AND LIABILITIES OF LONGSHIELD INVESTMENT GROUP AS AT 30.09.2025 PREPARED ACCORDING TO FSA REGULATIONS LEI % of total assets 6.3 Financial assets measured at fair value through other comprehensive income 1.534.227.652,71 50,19 6.3.1 Shares 1.377.256.299,59 45,05 6.3.1.1 Listed shares 1.351.614.740,14 44,21 6.3.1.2 Listed and not traded shares in the last 30 days 11.090.012,86 0,36 6.3.1.3 Unlisted shares 14.551.546,59 0,48 6.3.2 Participation titles of UCITS and / or AIFs, of which: 156.971.353,12 5,14 6.3.2.1 listed shares 156.971.353,12 5,14 6.3.2.2 listed fund units 0,00 0,00 6.3.2.3 unlisted fund units 0,00 0,00 6.3.3 Payments for share capital increase for unlisted companies 0,00 0,00 7 Availabilities (cash and cash equivalent) 6.356.055,81 0,21 7.1 Current accounts 6.388.392,30 0,21 7.2 cash 1.291,31 0,00 7.3 balance at SSIF 0,00 0,00 7.4 amounts under settlement with the SSIF 0,00 0,00 7.5 amounts in transit -33.627,80 0,00 7.6 Due fees 0,00 0,00 8 Bank deposits 158.578.852,14 5,19 9 Other assets, of which: 858.442,54 0,03 9.1 Dividends or other rights receivables 0,00 0,00 9.1.1 Shares distributed with cash contribution 0,00 0,00
14.10.2025
0,00 0,00
0,00 0,00
9.1.2 Bonus shares 0,00 0,00 9.1.3 Dividends 0,00 0,00 9.1.4 Preference / allocation rights 0,00 0,00
9.2 Other assets 858.442,54 0,03
9.1.5 Amounts to be received following the decrease of the share
9.2.1 Amounts to be received following the withdrawal from
capital
companies
Fax: +40 213 873 209 Email: [email protected]
www.longshield.ro
STATEMENT OF ASSETS AND LIABILITIES OF LONGSHIELD INVESTMENT GROUP AS AT 30.09.2025
| PREPARED ACCORDING TO FSA REGULATIONS | |||||
|---|---|---|---|---|---|
| LEI | % of total assets | ||||
| 9.2.2 | Amounts to be received following the transactions with participation titles |
832.383,07 | 0,03 | ||
| 9.2.3 | Other assets | 26.059,47 0,00 |
|||
| 10 | Accruals and similar accounts | 80.339,10 | 0,00 | ||
| 11 | Total assets | 3.057.161.461,06 | 100,00 | ||
| 12 | Total liabilities | 151.022.474,31 | #Error | ||
| 12.1 | Financial liabilities measured at amortized cost | 5.785.499,31 #Error |
|||
| 12.1.1 | Commercial liabilities | 4.562.236,41 #Error |
|||
| 12.1.2 | Dividends due to shareholders | 567.055,92 #Error |
|||
| 12.1.3 | Other liabilities | 656.206,98 | |||
| 12.2 | Deferred income tax liabilities | 145.236.975,00 | #Error | ||
| 12.3 | Other liabilities | 0,00 | #Error | ||
| 13 | Provisions for risks and expenses | 0,00 | #Error | ||
| 14 | Deferred income | 1.124,56 | #Error | ||
| 15 | Equity, of which: | 2.866.812.460,21 | #Error | ||
| 15.1 | Share capital | 76.110.584,50 | #Error | ||
| 15.2 | Items similar to equity | 757.576.343,00 | #Error | ||
| 15.3 | Other equity items | 737.162.302,32 | #Error | ||
| 15.4 | Premiums | 0,00 | #Error | ||
| 15.5 | Revaluation reserve | 0,00 | #Error | ||
| 15.6 | Reserves | 1.393.616.201,75 | #Error | ||
| 15.7 | Own shares | -31.905.900,00 | #Error | ||
| 15.8 | Other retained earnings, of which | 505.774.276,56 | #Error | ||
| 15.8.1 | Pro˚t (Loss) arising on the disposal of ˚nancial assets measured at fair value through other comprehensive income in accordance with IFRS 9 |
296.407.932,03 | #Error | ||
| 15.9 | Other retained earnings ˚rst adopted IAS 29 | -757.576.343,00 | #Error | ||
| 15.10 | Pro˚t (loss) for the period | 186.054.995,08 | #Error | ||
| 16 | Net Asset | 2.906.137.862,19 | #Error | ||
| 17 | Number of issued shares | 744.743.845,00 | #Error |
14.10.2025
Fax: +40 213 873 209 Email: [email protected]
www.longshield.ro
| STATEMENT OF ASSETS AND LIABILITIES OF LONGSHIELD INVESTMENT GROUP AS AT 30.09.2025 | ||||
|---|---|---|---|---|
| PREPARED ACCORDING TO FSA REGULATIONS | ||||
| LEI | % of total assets | |||
| 18 | Net asset value per share | 3,9022 | #Error | |
| 19 | Number of portfolio companies, of which: | 90 | #Error | |
| 19.1 | Companies admitted to trading on an EU trading venue | 39 | #Error | |
| 19.2 | Companies admitted to trading on a stock exchange in a third country |
0 | #Error | |
| 19.3 | Companies not admitted to trading | 49 | #Error | |
| 19.4 | Limited liability companies/SRL | 2 | #Error |
Note
- · The accounting elements are taken from the balance of Longshield Investment Group prepared for 30.09.2025
- The report was certi˚ed by the depositary of Longshield Investment Group BRD-GSG Securities Department with no. 17199 from 14.10.2025.
- · The valuation rules for the ˚nancial securities from Longshield Investment Group's portfolio can be consulted at the link below https://www.longshield.ro/en/investments/net-asset-value/rules-applied-navcalculation/
Prepared by,
LONGSHIELD INVESTMENT GROUP prin administratorul sau S.A.I. Muntenia Invest S.A. Deputy General Director, SERGIU MIHAILOV Depositary Certi˚cation,
BRD - Groupe Societe Generale Director, CLAUDIA IONESCU
Certi˚ed, MARIA CIURLEA
ELENA LILIANA IANCU
Compliance Of˚cer, CLAUDIA JIANU
14.10.2025
Fax: +40 213 873 209 Email: [email protected]
www.longshield.ro
Annex according to art. 38 para. (4) of Law no. 243 / 2019
Assets from the portfolio of Longshield Investment Group that were valued using valuation methods in accordance with International Valuation Standards
| SRC | Company | No. of shares Valuation | date | Value / share |
Stake value | Valuation method |
|---|---|---|---|---|---|---|
| 48452990 | FINAGROM IFN SA | 27,000 | 31.07.2025 | 5,432.1196 | 146,667,228.0 0 |
Income approach - the discounted cash-˛ows method |
| 434492 | FIROS S.A BUCURESTI | 2,815,576 | 31.10.2024 | 18.7484 52,787,424.00 Income approach - the discounted cash-˛ows method |
||
| 47784028 | ICPE ELECTRIC MOTORS S.R.L. |
298,000 | 31.01.2025 | 102.7902 | 30,631,481.00 Asset approach - the adjusted net asset method |
|
| 51100632 | INEVITABLE VENTURES SRL |
25,000 | 31.01.2025 | 100.0000 | 2,500,000.00 Asset approach - the adjusted net asset method |
|
| 23207014 | VOLUTHEMA PROPERTY DEVELOPER SA |
7,647,397 | 31.07.2025 | 10.6453 81,408,742.00 Income approach - the discounted cash-˛ows method |
* The valuation of SIF MunteniaLongshield Investment Group's participation in the above-mentioned companies was performed using income approach - the discounted cash-˛ows method, except for ICPE ELECTRIC MOTORS S.R.L. INEVITABLE VENTURES SRL where the valuation was performed using asset approach - the adjusted net asset method.
The leverage level and the exposure value of Longshield Investment Group calculated according to the provisions of Regulation (EU) No. 231/2013
| Method type | Leverage | Exposure value |
|---|---|---|
| Gross method | 104,98 % | 3.050.771.777,45 |
| Commitment method | 105,20 % | 3.057.161.461,06 |
SAI Muntenia Invest SA does not use leverage in the investment policy adopted in the management of Longshield Investment Group.
Prepared by,
LONGSHIELD INVESTMENT GROUP prin administratorul sau S.A.I. Muntenia Invest S.A. Deputy General Director, SERGIU MIHAILOV
ELENA LILIANA IANCU
Compliance Of˚cer, CLAUDIA JIANU
Depositary Certi˚cation,
BRD - Groupe Societe Generale Director, CLAUDIA IONESCU
Certi˚ed, MARIA CIURLEA
14.10.2025