Trigon Property Development — Interim / Quarterly Report 2024

May 31, 2024

Company AS Trigon Property Development

Type

Company Release

Category Other corporate action

Disclosure time 31 May 2024 10:26:41 +0300

Attachments:

• 2024 I Q interim ENG.pdf (http://oam.fi.ee/en/download?id=8525)

• 2024 I kv vahearuanne EST.pdf (http://oam.fi.ee/en/download?id=8526)

Currency

Title

Unaudited financial report for the first quarter of 2024

The main business activity of Trigon Property Development AS is real estate development. As at 31.03.2024, AS Trigon Property Development owned one development project with an area of 12.8 hectares in the City of Pärnu, Estonia. A commercial, industrial and logistics park is planned on this area. The Company's objective is to find companies willing to bring their business activities (industry, logistics) to the development project area of AS Trigon Property Development in Pärnu, which would add value to the land plots owned by the Company. As the main purpose of the company is to sell existing land plots, investment property was recognized as inventories.

In the third quarter of 2023, a 0.53-hectare transportation purpose land was sold for 26,580 euros (excluding VAT).

Condensed statement of financial position as of 31 March 2024 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development.

According to the condensed statement of comprehensive income the net loss for first quarter of 2024 of AS Trigon Property Development is -7,820 euros and the earnings per share is -0.00174 EUR.

As of 31 March 2024 the assets of AS Trigon Property Development were 1,691,701 euros. The equity of the company was 1,679,546 euros, corresponding to 99.28 % of the total balance sheet.

Condensed statement of financial position

+------------------------------+------------+------------+ | EUR | 31.03.2024 | 31.12.2023 | +------------------------------+------------+------------+

Finantsinspektsioon http://www.fi.ee

	176,133
	1,927
	1,530,405
	1,708,465
	1,708,465
	21,099
	21,099
	21,099
	449,906
	226,056
	287,542
	723,862
	1,687,366
TOTAL LIABILITIES AND EQUITY	1,708,465
	130,249 +------------------------------+------------+------------+ 13,047 +------------------------------+------------+------------+ 1,548,405 +------------------------------+------------+------------+ 1,691,701 +------------------------------+------------+------------+ 1,691,701 +------------------------------+------------+------------+ 12,156 +------------------------------+------------+------------+ 12,156 +------------------------------+------------+------------+ 12,156 +------------------------------+------------+------------+ 449,906 +------------------------------+------------+------------+ 226,056 +------------------------------+------------+------------+ 287,542 +------------------------------+------------+------------+ 716,042 +------------------------------+------------+------------+ 1,679,546 +------------------------------+------------+------------+ 1,691,701 +------------------------------+------------+------------+

Condensed statement of comprehensive income

+-----------------------------------------+----------+----------+ EUR		I Q 2024 I Q 2023
+-----------------------------------------+----------+----------+ Administrative and general expenses	-9,303	-8,939
+-----------------------------------------+----------+----------+ Operating loss	-9,303	-8,939
+-----------------------------------------+----------+----------+ Financial income	1,484	70
+-----------------------------------------+----------+----------+ NET LOSS FOR THE PERIOD	-7,820	-8,868
+-----------------------------------------+----------+----------+ TOTAL COMPREHENSIVE LOSS FOR THE PERIOD +-----------------------------------------+----------+----------+	-7,820	-8,868

Rando Tomingas

Member of the Management Board

Finantsinspektsioon http://www.fi.ee

Telephone: +372 667 9200

E-mail: info@trigonproperty.com

(https://www.globenewswire.com/Tracker?data=wN3CV2cKvFbAUqTMJhguW6xmQnZ9FFUMQYs0 Y995BjR35jvRI3HcEIvwUy79C-8m3TTBDm0qWTZBQzRYEQuxbj5zKP9-fPiY0adYVuhKnQk=)

Finantsinspektsioon http://www.fi.ee