Texaf S.A. — Earnings Release 2026

Apr 24, 2026

TEXAF THE ARTS D IMPACT EN ROC

PRESS RELEASE April 24th, 2026

REGULATED INFORMATION

REVENUE GROWTH OF +4.4% IN THE FIRST QUARTER

The TEXAF Group today publishes a summary of its operations in D.R. Congo as at 31 March 2026.

IN BRIEF – KEY PERFORMANCE AND PROGRESS OF ONGOING PROJECTS:

Results are as follows for the four business segments

• Real Estate is in line with 2025, at EUR 7.7 M, while construction of its new residential project "Quartier des Parcs" is progressing on schedule;
• Sales for Carrigrès amount to EUR 1.1 M and show growth of +49% compared to Q1 2025, which had reported a decline of the same magnitude (-52%) relative to 2024;
• Digital reports service revenues of EUR 0.3 M (+22%), driven by office occupancy rates above 97%;
• Property Development, newly established around the "Jardins de Kinsuka" project — confirms that home sales will commence in Q2 2026.

The TEXAF Group reports solid results as at 31 March 2026, with total revenues growing by 4.4%, despite an unstable geopolitical environment whose impact on the Group's operations remains limited at this stage.

The REAL ESTATE SEGMENT delivered solid performance, benefiting from the positive effect of rent indexation, which offset a slightly lower occupancy rate compared to 2025. The residential occupancy rate stood at approximately 97.5%, reflecting a seasonal effect, while the commercial occupancy rate was marginally below its 2025 level following the renovation of certain office spaces that only became available for lease at the end of the quarter. Rental income amounted to EUR 7.7 million, in line with 2025.

Construction of the new residential project "Quartier des Parcs" is progressing on schedule. As a reminder, this project is designed to expand the supply of residential housing within the concession, comprising 19 villas and 14 upscale apartments, in response to strong demand for this type of property. The project is expected to be available for lease by the end of Q1 2027 and will increase annual rental income by approximately EUR 2.3 million.

Construction site « Quartier des Parcs »

Avenue Louise 130A - Louizalaan B-1050 Brussels - ☎ 32 (02) 639.20.00 - www.texaf.be - info@texaf.be
BEIJFUS bank: BE75 5502 6468 0051 - KBC bank BE23 7310 2113 8291
N° entreprise – Ondernimingsnr. BE.403.218.607 - RLP: 74.712

---

The Quarry segment (Carrigrès, the sandstone quarry in Kinshasa) reports Q1 2026 revenue of EUR 1.1 million, a marked improvement on 2025 (+49%), returning to a normal level of activity following a difficult Q1 2025 (-52%) driven by adverse market conditions. Sales volumes increased by +73%, returning to Q1 2024 levels, while the average selling price remains under pressure, down 14% compared to 2025.

Sandstone quarry in Kinshasa

The Digital segment reaffirmed its position in Q1 2026 as the leading innovation and entrepreneurship hub in the Democratic Republic of Congo, driven by the momentum of Silikin Village.

From 2 to 4 March 2026, Silikin Village hosted AfricArena for the first time — an international event that brought together more than 280 participants from 12 countries. The operational results demonstrate the tangible impact of this initiative: 23 founders trained through the AfricArise Bootcamp, 24 delegates who took part in a Learning Expedition, and a range of targeted networking sessions connecting startups, investors, large corporations and public agencies.

In parallel, the Silikin Village NPO strengthened its role as a key driver of entrepreneurship support by signing a partnership with ENABEL for the launch of a new support programme, and by initiating — with backing from the European Union — the "Xelle" programme, a venture builder dedicated to female entrepreneurship.

On an operational level, service revenues amounted to EUR 0.3 million, up 22% compared to 2025. Occupancy rates confirm the strong appeal of the infrastructure: private offices report a rate above 97%, fixed workstations are at nearly 100%, and flexible spaces (hot desks) show significant growth at over 68%. Meeting rooms and event facilities also report high utilisation rates, reflecting an intensification of activity, with rates above 72% for meeting rooms and above 60% for the Event Room. This operational performance reflects the growing attractiveness of Silikin Village and the continued development of its ecosystem.

---

During Q1, the Data Centre focused on connecting several new clients and on commercialising interconnection services for its existing client base.

The Property development segment, newly created as of 1 January 2026, encompasses construction activities for buildings intended for sale. "Les Jardins" represents the first project of this new business segment.

As a reminder, this project involves the development of a plot of land (Jardins de Kinsuka) in the western suburbs of Kinshasa, along the Congo River. It represents one of TEXAF's most ambitious residential undertakings. The project is designed to meet the growing demand for quality housing in Kinshasa by offering a planned residential neighbourhood that combines comfort, security and modern infrastructure.

Conceived in accordance with a sustainable and responsible approach, the project seeks to create a harmonious living environment that respects its natural surroundings and promotes a balanced lifestyle. Ultimately, the neighbourhood will also incorporate a range of essential local amenities — including educational establishments, a polyclinic, shops, sports facilities and leisure spaces — to create a truly self-sufficient urban community.

The first phase of this project covers the commencement of infrastructure works on the site in 2025, as well as the construction and sale of the first 42 homes from 2026 onwards.

TEXAF, founded in 1925, is the only publicly traded company with all of its activities in the Democratic Republic of Congo. Currently, these activities are focused on real estate, quarrying and digital technology.

This stock market listing and the resulting obligations of good governance and transparency are a major asset for the group in terms of its development and the promotion of the formal sector in the Democratic Republic of Congo.

The center of the real estate business is the UTEXAFRICA concession, which combines housing, offices and shops on a 50-hectare site along the Congo River. This offer is accompanied by services for residents such as sports and leisure facilities, the TEXAF BILEMBO cultural center, maintenance services, office equipment, etc. It also includes, in the same neighborhood, the concession that houses SILIKIN VILLAGE and the Petit-Pont building. About ten kilometers away, it also includes an 87-hectare plot of land for the JARDINS DE KINSUKA project.

The quarrying activity is managed by CARRIGRES, which operates a sandstone quarry in Kinshasa with a nominal capacity of 600,000 tons, supplying the road and concrete sectors.

TEXAF, convinced of the opportunity that the digital economy represents for the DRC, has made it a third branch of its activity. In September 2019, it launched its SILIKIN VILLAGE initiative, which consists of offering workspaces and training to the emerging digital ecosystem, as well as a range of training courses, support and conferences. It also aims to partner with international groups to establish new infrastructure and services in the DRC.

Contact: Jean-Philippe Waterschoot, CEO: +32 476 25 26 26

Thierry Vanolande, CFO: +32 471 56 86 41