Zagreb Stock Exchange · ZSE:ZB
Zagreb Stock Exchange — Investor Presentation (July 2026)
22 slides from Zagreb Stock Exchange's investor presentation, July 2026
Slide 1: Investor Presentation July 2026
INVESTOR PRESENTATION July, 2026
Slide 2: Operating and financial highlights
Operating and financial highlights ZSE Equity turnover – EUR mil. Financial performance (consolidated) 1H 2025 1H 2026 change EUR 000 233 345 +48% Operating revenue ZSE Bond turnover – EUR mil. 1H 2025 2,310 EBITDA 1H 2025 1H 2026 change 1H 2025 1H 2026 change 16 6 -64% 1H 2026 2,701 469 456 -3% cha
Slide 3: Contents
Contents 4 Key Events 5 About ZSE 8 Trading 11 ZSE Indices 15 Ljubljana Stock 17 Financial 20 Share Group activity results statistics Exchage 3
Slide 4: Key Events
Key Events Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 May-26 Jun-26 Jul-26 FINA delivers „PrimePlus” ZSE Zagreb Stock investment „Ring the Exchange GA SLB bond notice on webcast for „Challenge Digitalized Zagreb ZSE Academy Update of Bell for Update of adopts listings of intent t
Slide 5: About Zagreb Stock Exchange
About Zagreb Stock Exchange Management Board Office and IR IT Division IT and Business • Founded in 1991, Zagreb Stock Development Business The Exchange is the operator of the Development regulated market in the Republic of Regulated Market and Croatia. Markets Progress Department SME GM • ZSE share
Slide 6: Ownership Structure
Ownership Structure ZSE Ownership structure as of 31 December 2025 9,99% RR ONE CAPITAL D.O.O. FINA 9,99% 31,60% PBZ CO OMF • As of June 30, 2026, ZSE has a total INTERKAPITAL D.D. of 211 shareholders. BAKTUN, LLC • As of June 30, 2026, ZSE owns a 9,98% EBRD total of 6,256 of own shares which INSPIR
Slide 7: Zagreb Stock Exchange Group
Zagreb Stock Exchange Group Legal Affairs Market Operations • ZSE holds a 33.33% stake in SEE Link, a regional trading platform. Supervisory Board Market Operations • ZSE holds 29.98% of the share capital of the Macedonian Stock Exchange. IT Management Board • ZSE holds a 24% stake in the company Ad
Slide 8: ZSE trading activity
Total turnover 1H 2025/1H 2026 ZSE trading activity 1H 2025 1H 2026 change EUR 1H 2026 122 122 0% 512 32% Trading Days 1H 2025 1H 2026 change TOTAL TURNOVER 388,971,087 511,770,777 32% EUR 1H 2025 389 Orderbook turnover 285,809,477 395,844,493 38% Equity 233,260,087 345,448,313 48% 0 100 200 300 400
Slide 9: ZSE trading activity
ZSE trading activity 550 Securities turnover 2025/1H2026 518 500 Orderbook turnover and volume 450 127 90 7 400 346 6 6 350 EUR mil. 80 6 300 6 247 158 70 250 5 200 171 94 60 4 4 4 116 4 150 125 EUR mil. 50 4 55 100 48 Mil. 3 3 3 63 40 3 3 50 108 175 68 0 30 2 2 2025 1H 2026 2025 1H 2026 20 Shares E
Slide 10: Trading activity
Trading activity Market capitalization per sector as of June 30 2026 Market capitalization and number of listed shares 18 60 K Financial and insurance activities 52 16 48 50 CD Manufacture of coke, and refined 14 petroleum products 3% 12 40 3% CJ Manufacture of electrical equipment No. of shares 3%
Slide 11: Indices
Indices - values as of 30.06.2025./30.06.2026. 0,00 1.000,00 2.000,00 3.000,00 4.000,00 5.000,00 6.000,00 7.000,00 Indices 3.602,88 CROBEX 4.473,28 24,16% 2.822,68 • Along with higher turnovers, nearly CROBEXtr 3.641,62 29,01% all equity indices recorded CROBEX10 2.260,22 2.883,68 27,58% substantial
Slide 12: CROBEXtr and CROBEX10tr indices
EUR Thousands 0 1.000 3.000 4.000 6.000 7.000 8.000 9.000 2.000 5.000 2023-01-02 2023-03-02 2023-05-02 2023-07-02 2023-09-02 2023-11-02 2024-01-02 2024-03-02 2024-05-02 2024-07-02 2024-09-02 Turnover 2024-11-02 2025-01-02 CROBEXtr 2025-03-02 2025-05-02 Last Value 2025-07-02 2025-09-02 2025-11-02 202
Slide 13: CROBEXprime and CROBEXindustrija indices
EUR Thousands 0 1.000 2.000 3.000 4.000 6.000 5.000 2023-01-02 2023-03-02 2023-05-02 2023-07-02 2023-09-02 2023-11-02 2024-01-02 2024-03-02 2024-05-02 2024-07-02 2024-09-02 Turnover 2024-11-02 2025-01-02 2025-03-02 CROBEXprime 2025-05-02 Last Value 2025-07-02 2025-09-02 2025-11-02 2026-01-02 2026-03
Slide 14: Bond index
Bond index EUR Thousands 0 10.000 20.000 30.000 50.000 60.000 70.000 80.000 90.000 100.000 40.000 2023-01-02 2023-03-02 2023-05-02 2023-07-02 2023-09-02 2023-11-02 2024-01-02 2024-03-02 2024-05-02 2024-07-02 Turnover 2024-09-02 Source: ZSE website 2024-11-02 CROBIStr 2025-01-02 Last Value 2025-03-02
Slide 15: Ljubljana Stock Exchange – trading overview
Ljubljana Stock Exchange – trading overview 1H 2025 1H 2026 change 30.06.2025. 30.06.2026. change TOTAL TURNOVER 389,941,362 426,884,034 9.47% Equity market 16,008,550,450 21,724,325,595 35.70% Orderbook turnover 344,394,586 380,670,071 10.53% capitalization Top 5 shares by turnover SBITOP value 2.2
Slide 16: Ljubljana Stock Exchange - indices
EUR Thousands 0 1.000 2.000 3.000 4.000 5.000 6.000 7.000 8.000 9.000 10.000 2023-01-03 2023-03-03 2023-05-03 2023-07-03 2023-09-03 2023-11-03 2024-01-03 2024-03-03 2024-05-03 2024-07-03 Turnover 2024-09-03 2024-11-03 SBITOP 2025-01-03 2025-03-03 2025-05-03 Last Value 2025-07-03 2025-09-03 2025-11-0
Slide 17: Financial Results (Unconsolidated)
Financial Results (Unconsolidated) Key Financial Indicators 1.600 1.447 1.400 1.204 EUR 1H 2025 1H 2026 Change 1.200 Operating revenue 1,204,448 1,447,013 20.1% 1.000 EUR 000 Sales revenue 884,623 1,092,398 23.5% 800 Other operating income 319,825 354,615 10.9% Operating expenses 1,172,458 1,499,213
Slide 18: Financial Results (Consolidated)
Financial Results (Consolidated) Key Financial Indicators 3.000 2.701 2.500 2.310 EUR 1H 2025 1H 2026 change 2.000 Operating revenue 2,310,166 2,700,764 16.9% EUR 000 Sales revenue 1,655,276 2,001,845 20.9% 1.500 Other operating income 654,890 698,919 6.7% Operating expenses 2,003,377 2,424,021 21.0
Slide 19: Balance Sheet Structure
Balance Sheet Structure Unconsolidated Consolidated Assets Assets 30.06.2026. 66% 32% 1% 30.06.2026. 55% 43% 2% 31.12.2025 60% 36% 4% 31.12.2025 47% 49% 4% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Fixed assets Current assets Prepaid expenses and accrued
Slide 20: Share statistics – 1H 2026
Share statistics – 1H 2026 ZB Share Statistics – 2024/2026 9,00 200.000,00 8,00 Symbol ZB 7,00 ISIN HRZB00RA0003 150.000,00 6,00 Shares outstanding 2,317,850 EUR Turnover Share Price Segment Official Market 5,00 First trading day 31.08.2016. 100.000,00 4,00 Market Cap 15.07 mil € Last price 6.20 € 3
Slide 21: Useful links
Useful links Zagreb Stock Exchange Events News MACEDONIAN STOCK EXCHANGE 21
Slide 22: Thank you!
Thank you! Zagreb Stock Exchange Investor Relations ir@zse.hr tel: +38514686806 22
Zagreb Stock Exchange — Investor Presentation (July 2026) on 6ix