Slide 1: Presentation of Financial Results 3Q 2025
— PRESENTATION OF FINANCIAL RESULTS 3Q 2025 — This presentation made available on Lion Capital’s website is addressed only the shareholders for information purposes only, and should not be reproduced, copied or re-transmitted, and nothing in it should be construed as an offer, invitation or recommen
Slide 2: Presentation of Financial Results 3Q 2025 – scope and basis of preparation
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 This keynote presents the Lion Capital’s consolidated financial results as of September 30, 2025, prepared in accordance with the International Financial Reporting Standards adopted by the European Union, and ASF Norm no. 39/2015 for the approval of the Acco
Slide 3: Entities in the Scope of Consolidation
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Entities in the Scope of Consolidation Subsidiaries Subsidiaries are entities controlled by the Company. The control exists when the Company is exposed or has rights to the variable return based on its participation in the investee entity and could influence
Slide 4: Entities in the Scope of Consolidation
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Entities in the Scope of Consolidation The list of investments in subsidiaries as of September 30, 2025, and December 31, 2024 Stake held (%) No. Company Name September 30, 2025 December 31, 2024 1 (SIF Imobiliare PLC Nicosia) 99.9997 99.9997 2 (SIF SPV TWO
Slide 5: Associated Entities
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Associated Entities Associated entities are those companies in which the Company can exercise significant influence, but not the control on the financial and operating policies. Lion Capital measures associated entities at fair value through profit and loss.
Slide 6: Details on Consolidated Entities – SAI Muntenia Invest
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Details on Consolidated Entities SAI MUNTENIA INVEST SA Bucharest Lion Capital’s stake as of 30.09.2025: 99.98% SAI Muntenia Invest SA was established in 1997 was acquired by Lion Capital in 2013 and operates as an independent investment management company w
Slide 7: Details on Consolidated Entities – Administrare Imobiliare
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Details on Consolidated Entities Administrare Imobiliare SA Bucharest Lion Capital’s stake as of 30.09.2025: 97,40% Administrare Imobiliare SA (AISA) was established in 2007, then under the name “Dacia Meridian Expres”. The company took over assets transferr
Slide 8: General Information on Lion Capital
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 General Information on Lion Capital CORPORATE NAME Lion Capital S.A. COMPANY TYPE ▪ joint stock company, Romanian legal entity ▪ established as a self-managed investment company, authorized by the Financial Supervisory Authority as Alternative Investment Fun
Slide 9: General Information on Lion Capital
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 General Information on Lion Capital REGISTRATIONS ▪ Number in Trade Register J1992001898023 ▪ Tax Identification Code RO 2761040 ▪ Number in ASF AFIAA Register PJR07.1AFIAA / 020007 / 09.03.2018 ▪ Number in ASF FIAIR Register PJR09FIAIR / 020004 / 01.07.2021
Slide 10: General Information on Lion Capital
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 General Information on Lion Capital SHARE CAPITAL PART OF BVB (BSE) INDICES RON 50,751,005.60 BET-FI • BET-XT • BET-XT-TR • BET-BK • BET-XT-TRN TOTAL ISSUED SHARES ISIN CODE 507,510,056 ROSIFAACNOR2 OUTSTANDING SHARES BLOOMBERG FIGI 507,510,056 BBG000BMN388
Slide 11: Lion Capital Shareholding Structure
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Lion Capital Shareholding Structure as per holdings, as of September 30, 2025 ■ 39.73% ■ 45.10% Romanian individuals Romanian legal entities (5,730,940 shareholders) (101 shareholders) 5,733,224 shareholders ■ 1.36% ■ 13.80% non-resident individuals non-resi
Slide 12: Global Economic Context
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Global Economic Context • Global economy slows amid heightened uncertainty, higher trade tariffs and persistent protectionism • Growth projected to ease from 3.3% (2024) to 3.2% (2025) and 3.1% (2026) • US and other advanced economies experience notable cool
Slide 13: European Economic Context
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 European Economic Context • EU growth exceeded expectations in early 2025; resilience maintained despite weak global backdrop • Private consumption supported by low unemployment and favourable financing conditions • Trade barriers at record highs; EU faces e
Slide 14: Domestic Economic Environment
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Domestic Economic Environment • Romania shows near-stagnation: GDP up 0.6% in 2025 after 0.8% in 2024; Q3 supported by construction & agriculture; industry slightly down • EC outlook: 0.7% growth in 2025, 1.1% in 2026, improving >2% in 2027 as investment and
Slide 15: Romanian Capital Market
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Romanian Capital Market • Solid performance with moderate volatility: BET up 27% YTD, BET-FI up ~22% YTD • Liquidity improving: average daily trading EUR 33.6m (Sept.) → EUR 39.5m (Oct.), well above 2024 levels • Valuations expanding: dividend yield down 7.5
Slide 16: Milestones of Lion Capital Activity in 2025
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Milestones of Lion Capital Activity in 2025 • 2025: portfolio management guided by prudence and flexibility • key objective: strengthening portfolio financial resilience • calibration towards assets with appreciation potential in an inflationary environment
Slide 17: Financial Performance and Financial Position
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 FINANCIAL PERFORMANCE [RONm] 31.12.2024 30.09.2025 Income 245.5 210.6 Gain / (Loss) on investment 20.6 91.7 Expenses 54.7 30.4 Gross profit / (Loss) 170.7 275.3 Net profit / (Loss) 152.1 251.2 FINANCIAL POSITION [RONm] 31.12.2024 30.09.2025 Total assets, of
Slide 18: Stock and Net Asset Performance
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 STOCK AND NET ASSET PERFORMANCE 31.12.2024 30.09.2025 Share Price (end of period, RON) 2.8500 3.3700 NAV* / Share (RON) 9.0837 10.1925 Accounting Net Asset / Share (RON) 9.0959 10.2024 Nominal Value of Share (RON) 0.1 0.1 Shares Issued 507,510,056 507,510,05
Slide 19: Net Asset Value September 2024 – September 2025
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 NET ASSET VALUE SEPTEMBER 2024 – SEPTEMBER 2025 5,119 5,173 5,200 5,057 4,933 4,800 4,620 4,626 4,619 4,600 4,599 4,719 4,501 4,587 4,568 4,400 RON milion (RONm) 4,000 3,600 3,200 2,800 2,400 2,000 Sept. '24 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. A
Slide 20: Assets Under Management
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 ASSETS UNDER MANAGEMENT breakdown on classes (weight on total assets) 2% 8% ■ listed shares ■ corporate bonds 2% value RON 3,746.02m value RON 401.09m 68% (31.12.2024: RON 3,247.38m) (31.12.2024: RON 1.26m) 7% 13% ■ bank deposits + cash available 67% ■ unlis
Slide 21: Stock Portfolio breakdown by sector
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 STOCK PORTFOLIO breakdown by sector 6% 2% ■ banking - financial ■ cardboard and paper 4% 6% 3% stakes in 9 companies, worth RON 2,399.05m stakes in 1 company, worth RON 168m 7% 5% (31.12.2024: 9 companies, worth RON 1,966.76m) (31.12.2024: 1 company, worth R
Slide 22: Stock Portfolio breakdown by stake and liquidity
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 STOCK PORTFOLIO STOCK PORTFOLIO breakdown by stake held breakdown on liquidity ■ up to 5% September 3 0, stakes in 11 companies 13% 87% Decembe 20 r3 1 worth RON 2,135.34m (31.12.2024: RON 1,733.47m) 14% 86% ■ listed companies 25 024 33% ■ 5-33% RON 3,746.02
Slide 23: Top 10 Companies in Lion Capital Portfolio
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 TOP 10 COMPANIES IN LION CAPITAL PORTFOLIO as of September 30, 2025 % of Company (symbol) Activity Stake held Value of stake (RON)* NAV 1. Banca Transilvania (TLV) financial – banking 4.99% 1,530,653,393 29.59% 2. SIF Imobiliare Plc (SIFI) real estate 99.99%
Slide 24: LION Price and Volume in 2025
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 LION PRICE AND VOLUME IN 2025 3.4000 458,183 RON 3.3700 443,120 450,000 RON 3.2100 3.2000 400,000 RON 2.9000 350,000 3.0000 RON 2.8300 315,786 RON 2.9200 RON 2.8100 300,000 price LION (RON) 2.8000 RON 2.6400 250,000 volume volume RON 2.5900 218,538 2.6000 20
Slide 25: LION vs. BET-FI Index in 2025
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 LION vs. BET-FI INDEX IN 2025 BET-FI (points) LION (RON) 77,000 75,491.54 3.4500 73,000 71,579.70 3.2500 69,000 RON 3.3700 63,237.87 3.0500 61,732.64 61,916.42 61,416.57 61,701.86 62,365.69 65,000 59,752.83 RON 3.1400 2.8500 61,000 RON 2.9000 57,000 RON 2.81
Slide 26: Consolidated Statement of Profit or Loss and Other Comprehensive Income
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Consolidated statement of profit or loss and other comprehensive income (extract from consolidated financial statements) [all amounts in RON] 30.09.2025 30.09.2024 REVENUES Dividend income 133,799,380 161,438,193 Interest income (amortised cost assets, FVOCI
Slide 27: Consolidated Statement of Profit and Loss and Other Comprehensive Income
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Consolidated statement of profit and loss and other comprehensive income (extract from consolidated financial statements) [all amounts in RON] 30.09.2025 30.09.2024 PROFIT / (LOSS) BEFORE TAX 275,074,795 171,890,595 Income tax (24,111,022) (17,801,192) NET P
Slide 28: Consolidated Statement of Financial Position
PRESENTATION OF FINANCIAL RESULTS 3Q 2025 Consolidated statement of financial position (extract from consolidated financial statements) [all amounts in RON] 30.09.2025 31.12.2024 Cash and cash equivalents 425,942,373 628,813,111 Bank deposits 23,362,919 21,079,992 Financial assets at amortised cost
Slide 29: Financial Calendar 2025
FINANCIAL CALENDAR 2025 February 28, 2025 Preliminary annual financial results as of December 31, 2024 April 24, 2025 OGM for the approval of the separate and the consolidated financial statements for 2024 FY April 24, 2025 Annual Report and the Separate and the Consolidated Financial Statements for
Slide 30: Contact
Contact HEADQUARTERS 35A Calea Victoriei, Arad, 310158, Romania TEL +40257 304 438 FAX +40257 250 165 EMAIL office@lion-capital.ro BUCHAREST BRANCH 46-48 S. V. Rahmaninov Str., 3rd floor, sector 2, Bucharest, 020199, Romania TEL +4021 311 1647 FAX +4021 314 4487 EMAIL bucuresti@lion-capital.ro WWW.L