Veridis Environment Ltd. - Interim / Quarterly Report 2026

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Veridis Environment Ltd

VERIDIS ENVIRONMENT LTD

Company number in the Register: 515935807

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 via MAGNA: 24/05/2026

Reference: 2026-01-047426

The corporation will schedule the report for publication on 24/05/2026 18:00

Report on the financial position

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

Explanation: As of the financial statements for the first quarter of 2017, a corporation that is an insurer (that is, previously reported using Form T932) shall report using this form and shall mark "Yes" in this field; the other corporations may proceed to the following sections.

☐ Periodic report pursuant to Chapter B of the Securities Regulations (Periodic and Immediate Reports), 1970
☐ Quarterly report pursuant to Chapter D of the Securities Regulations (Periodic and Immediate Reports), 1970
☐ Semi-annual report pursuant 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 set out in Regulation 5C of the Securities Regulations (Periodic and Immediate Reports), 1970.

(1) On the determining date, the following conditions are met in the corporation: ____

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

☐ Reporting on a semi-annual basis
☐ Attachment of highly material valuation reports
☐ Attachment of financial statements of an associate company
☐ Reporting regarding effectiveness of internal control
☐ The corporation did not adopt any relief

I Periodic report

Attached herewith is a Periodic report for the year _ which was signed on _.
Date of the meeting – if a shareholders' meeting was convened in which the financial statements will be presented: ____.
Details of the signatories of the Periodic report:

Name of signatory	Position of signatory
_____	_____

II Financial statements

Attached herewith:

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

Signed on 24/05/2026.

Do the attached financial statements include a correction of an error by way of correction of comparative figures as a "restatement due to an immaterial 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

Attached herewith Review report of the independent auditor

Date of signing of the auditor on the opinion/review report: 24/05/2026.

Name of the audit firm

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

Name of the signing auditor:

License number of the signing auditor:

(a) The opinion is given in an unqualified wording

(b) The review report is given in an unqualified wording Yes

Emphasis of matter Other

Quoted wording of the emphasis of matter:

Without qualifying our above conclusion, we draw attention to the provisions of Note 6 to the condensed consolidated financial statements, regarding investigation of officers in the Company, regarding claims filed against the group companies, including motions to certify class actions, and regarding proceedings in connection with the group companies' entitlement to grants.

(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 by 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 by the standard wording (emphasis of matter, qualification, etc.).

Date of approval of the financial statements: 24/05/2026
Details of the signatories of the financial statements:

Name of signatory	Position of signatory
Gil Agmon	Chairman of the Board of Directors
Ilan Ben Simon	CEO
Benny Bar-On	VP Finance

Details of material associates whose financial statements are attached:

1 Name of company

OPC Power Israel Ltd

Do the attached financial statements include a correction of an error by way of correction of comparative figures as a "restatement due to an immaterial 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

Details of guarantor companies whose financial statements are attached:

1 Name of company

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

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

Has the corporation made early application of an accounting standard No

Explanation: If "Yes" is selected, please specify which accounting standard is concerned

III Directors' report – presentation

(a) Attached herewith is the Directors' report which was signed on 24/05/2026.

(b) Details of the signatories of the Directors' report:

Name of signatory	Position of signatory
Gil Agmon	Chairman of the Board of Directors
Ilan Ben Simon	CEO

(c) Does the corporation have obligations that are required to be disclosed pursuant to Regulations 9D and 38E of the Securities Regulations (Periodic and Immediate Reports), 1970: Yes

Regarding how to fill out this section and the exemption given to companies from parallel reporting on Form 126, see Q&A 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 company's separate financial statements ("solo" statements) (in thousands of NIS): 2,243
(2). Cash and cash equivalents, securities held for trading and short-term deposits based on data from the company's consolidated financial statements (in thousands of NIS): 101,114

Explanation: The data will include only balances that are not pledged.

(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):

Has the corporation issued debentures held by the public at the time of signing the report? No
Do one or more of the warning signs set out in the Regulation apply to the company? No

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

☐ Deficit in equity.
☐ Emphasis of matter referring to the financial condition of the company, excluding an emphasis of matter regarding significant doubts about the company's ability to continue as a going concern.
☐ Deficit in working capital or in working capital for a period of twelve months together with a continuing negative cash flow from operating activities (in the consolidated statements and also in the separate financial statements pursuant to Regulation 9G or Regulation 38D, as the case may be).
☐ Deficit in working capital or in working capital for a period of twelve months or a continuing negative cash flow from operating activities, and the company's board of directors has not determined that this does not indicate a liquidity problem in the company.
☐ Emphasis of matter regarding significant doubts about the company's ability to continue as a going concern.

3(b). One or more of the following options must be completed in accordance with 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 continuing negative cash flow from operating activities.
☐ The company does not have a deficit in working capital or in working capital for a period of twelve months and does not have a continuing negative cash flow from operating activities.

3(c). One or more of the following options must be completed in accordance with the separate financial information (Regulation 9G or 38D, as the case may be):

Mark the clause relevant to the company:

The company included in the Directors' report disclosure regarding projected cash flow due to the existence of a warning sign.

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

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

(f) Compliance with covenants in respect of debentures:

Does the corporation comply with all the financial covenants set out in the deeds of trust?
Does the non-compliance with the financial covenants give rise to grounds for immediate repayment of the debentures?

(g) Details regarding the corporation's independent auditor:

1 Total remuneration paid to the independent auditor __ for:

Audit services

Non-audit services

Note: The total remuneration 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 entities:

The data must be entered separately for each CPA firm.

1 Total remuneration paid to the independent auditor of material consolidated entities of the corporation for:

Audit services

Non-audit services

ISOX IV Report on internal control

Is the company exempt from implementing internal control? No

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

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

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

(b) Internal control as of the date of this report was found to be: Effective

(c) Has the Board of Directors' conclusion regarding the effectiveness of control changed since the last report submitted (that is, from effective control to ineffective control and vice versa)? No

(d) Management declarations

Has the CEO's declaration been attached in the standard wording prescribed in the Regulations (Periodic report – Regulation 9B(d)(1); Quarterly report – Regulation 38G(d)(1)) with emphasis on Sections 1, 4(a) and 5(a)? Yes
Has the declaration of the senior officer in the finance field been attached, in the standard wording prescribed in the Regulations – Annual report 9B(d)(2); Quarterly report Regulation 38G(d)(2)? Yes
Has the wording in Section 4 of the management declarations been adjusted in accordance with the provisions of the Regulations – Annual report 9B(d)(1)(2); Quarterly report pursuant to Regulation 38G(d)(1)(2), in a case where there is a financial statements committee that is not the audit committee? Yes
Are the management declarations signed as required (name of officer and his signing date as of the signing date of the statements)? Yes

V Attached files

(a). ☐ Periodic report in IXBRL format: ____

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

☐ Periodic report in PDF format: Financial_report_31_03_2026_isa.pdf The quarterly report

(b). Below is the file of highly material valuation reports whose attachment is required 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 a textual format that allows searching? Yes

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

VI Financial data (other than earnings per share) in: Thousands of ILS (Israel, New Shekels)

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

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 balance sheet in parentheses (such as deficit in equity) shall be recorded as a negative amount, i.e. with a "-" sign.

Assets
1. Total current assets	967,083
2. Total non-current assets	4,624,453
3. Total assets	5,591,536
Liabilities
4. Total current liabilities	996,096
5. Total non-current liabilities	2,159,426
6. Total liabilities	3,155,522
Equity
7. Total equity attributable to owners of the parent company	2,436,014
8. Non-controlling interests	__
9. Total equity	2,436,014
10. Total equity and liabilities	5,591,536

The presentation format of the statement of profit or loss is:

☐ Presentation by function of expense
☐ Presentation by nature of expense

Data from the consolidated statement of profit or loss: For a period of three months ended on the date of the statement of financial position

In quarterly reports, the data in the statement of profit or loss must be filled in for a period of 3 months and not for the cumulative period. In a semi-annual report, the data in the statement of profit or loss must be filled in 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, the appropriate check box must be selected.

1. Revenue	674,978
2. Gross profit ☐ Not applicable	104,258
3. Profit (loss) from operating activities ☐ Not applicable	126,680
4. Profit (loss) before tax	93,808
5. Profit (loss)	71,310
6. Profit (loss) attributable to:
6.1 Profit (loss) attributable to owners of the parent company	71,310

6.2 Profit (loss) attributable to non-controlling interests 0

Earnings per share

7.1 Total basic earnings (loss) per share 0.49

7.2 Total diluted earnings (loss) per share 0.49

Total comprehensive income 69,642

8.1. Comprehensive income attributable to owners of the parent company 69,642

8.2. Comprehensive income attributable to non-controlling interests 0

Data from the statement of cash flows: For a period of three months ended on the date of the statement of financial position

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

(1) Net cash flows provided by (used for) operating activities 67,531
(2) Net cash flows provided by (used for) investing activities -46,644
(3) Net cash flows provided by (used for) financing activities -70,062
(4) Effect of exchange rate changes of foreign currency on cash and cash equivalents 0
(5) Additional effects not reflected in Sections (1)-(4) above 0

Increase (decrease), net in cash and cash equivalents during the period -49,175

Cash and cash equivalents at beginning of period 150,289

Cash and cash equivalents at end of period 101,114

(a). As of the date of the financial statements, is the company a shell company as defined in the TASE Regulations?
(b). As of the date of publication of the financial statements, is the company a shell company as defined in the TASE Regulations?

We hereby declare that we filled out the form in accordance with the data in the full financial statements.

Details of the signatories authorized to sign on behalf of the corporation:

	Name of signatory	Position
1	Ilan Ben Simon	General Manager
2	Benny Bar-On	VP Finance

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report filed pursuant to these Regulations shall be signed by those authorized to sign on behalf of the corporation. Staff position on the matter 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 last update of the form structure: 09/12/2025

Short name: Veridis

Address: 1 Aba Eban Blvd.1, Herzliya4672519 Telephone: 09-9520000, Fax: 09-9520001

Email: [email protected] Company website:veridis.co.il

Previous names of reporting entity:

Name of electronic reporter: Bar-On BinyaminHis position: VP FinanceName of employing company:

Address: Aba Eban1, Herzliya4672519Telephone: 09-9520000Fax: 09-9520001Email: [email protected]

AI assistant

Veridis Environment Ltd. Interim / Quarterly Report 2026

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AI assistant

Veridis Environment Ltd. — Interim / Quarterly Report 2026

7105_rns_2026-05-24_a169c1e8-b79b-4fe5-8da6-d2888ad4603d.pdf

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