Zagreb Stock Exchange · ZSE:ZB
Zagreb Stock Exchange — Investor Presentation (July 2025)
23 slides from Zagreb Stock Exchange's investor presentation, July 2025
Slide 1: Investor Presentation July 2025
INVESTOR PRESENTATION July, 2025
Slide 2: Operating and financial highlights
Operating and financial highlights Financial performance (consolidated) Equity turnover – EUR mil. EUR 000 1-H 2024 1-H 2025 change Operating revenue 142 233 +64% 1-H 2024 1,190 EBITDA Bond turnover – EUR mil. 1-H 2024 1-H 2025 change 1-H 2024 1-H 2025 change 1-H 2025 2,310 228 469 +106% 11 16 +48%
Slide 3: Contents
Contents 4 Key Events 5 About ZSE 8 Trading 11 ZSE Indices 16 Ljubljana Stock 18 Financial 21 Share Group activity results statistics Exchage 3
Slide 4: Key Events
Key Events Feb-24 Mar-24 May-24 Jun-24 Sep-24 Oct-24 Nov-24 Dec-24 Feb-25 Mar-25 May-25 Jun-25 „PrimePlus” ZSE „Ring the ZSE & LJSE investment MOU signing „Ring the ZSE & LJSE ZSE Academy webcast for „Challenge Zagreb ZSE Academy Bell for Update of „CEE for regional Bell for „CEE 16th annual hosts a
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 30 June 2025 9,99% RR ONE CAPITAL D.O.O. FINA 9,99% 31,60% PBZ CO OMF • On June 30, 2025, ZSE had a total of INTERKAPITAL D.D. 200 shareholders. BAKTUN, LLC • On June 30, 2025, ZSE owns a total 9,98% EBRD of 6,256 of own shares which makes INSPIRIO Z
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 held a 30% stake in Funderbeam South East Europe – a crowdfunding IT platform for start-ups, whih has been deregistered from the
Slide 8: Trading activity
Total turnover 1H 2024/1H 2025 Trading activity 1H 2024 1H 2025 change EUR 1H 2025 124 122 -1.6% 389 91% Trading Days 1-4Q 2023 1-4Q 2024 change TOTAL TURNOVER 204,235,424 388,971,087 90.5% EUR 1H 2024 204 Orderbook turnover 166,911,874 285,809,477 71.2% Shares 142,386,572 233,260,087 63.8% 0 50 100
Slide 9: Trading activity: securities turnover 2024/2025
Securities turnover 2024/2025 Trading activity 300 250 295 233 84 Orderbook turnover and volume 200 60 6 6 EUR mil. 68 103 5 150 50 5 125 104 100 56 4 4 4 43 40 4 68 50 EUR mil. 3 3 3 3 3 mil. 30 3 87 108 35 2 0 20 2 2024. 2025. 2024. 2025. 2 Shares Equity Block Turnover 10 1 1Q 2Q 3Q 4Q 29 48 32 41
Slide 10: Trading activity: market capitalization
Trading activity Market capitalization per sector Market capitalization and number of listed shares O Public administration and defence; 16 70 compulsory social security 59 14 60 K Financial and insurance activities 52 12 50 1,8% 3,0% Number of shares 2,0% CD Manufacture of coke, and refined 10 2,6%
Slide 11: Indices
Indices - values as of 30.06.2025. 0 500 1.000 1.500 2.000 2.500 3.000 3.500 4.000 4.500 5.000 Indices 2.829,79 CROBEX 3.602,88 27,32% 2.143,55 • Along with higher turnovers, nearly all CROBEXtr 2.822,68 31,68% 1.696,44 equity indices recorded substantial CROBEX10 2.260,22 33,23% 1.882,39 growth in
Slide 12: CROBEX and CROBEXtr index charts
EUR Thousands EUR Thousands 0 1.000 2.000 3.000 4.000 5.000 6.000 7.000 0 1.000 2.000 3.000 5.000 6.000 4.000 7.000 2023-01-02 2023-01-02 2023-03-02 2023-03-02 2023-05-02 2023-05-02 2023-07-02 2023-07-02 2023-09-02 2023-09-02 2023-11-02 2023-11-02 2024-01-02 2024-01-02 2024-03-02 Turnover 2024-03-02
Slide 13: CROBEXprime and CROBEXindustrija index charts
EUR Thousands EUR Thousands 0 1.000 2.000 3.000 4.000 5.000 6.000 500 0 1.000 2.000 2.500 3.000 1.500 2023-01-02 2023-01-02 2023-03-02 2023-03-02 2023-05-02 2023-05-02 2023-07-02 2023-07-02 2023-09-02 2023-09-02 2023-11-02 2023-11-02 2024-01-02 2024-01-02 2024-03-02 2024-03-02 Turnover Turnover 2024
Slide 14: CROBEXturist and CROBEXtransport index charts
EUR Thousands EUR Thousands 0 100 200 300 400 500 600 700 800 900 0 1.000 1.500 2.000 2.500 3.000 3.500 500 2023-01-02 2023-01-02 2023-03-02 2023-03-02 2023-05-02 2023-05-02 2023-07-02 2023-07-02 2023-09-02 2023-09-02 2023-11-02 2023-11-02 2024-01-02 2024-01-02 2024-03-02 2024-03-02 Turnover Turnove
Slide 15: Bond indices
EUR Thousands 0 10.000 20.000 30.000 40.000 50.000 60.000 70.000 80.000 90.000 100.000 2023-01-02 2023-03-02 2023-05-02 2023-07-02 2023-09-02 2023-11-02 2024-01-02 Bond indices Turnover 2024-03-02 Source: ZSE website 2024-05-02 CROBIS 2024-07-02 2024-09-02 Last Value 2024-11-02 2025-01-02 2025-03-02
Slide 16: Ljubljana Stock Exchange – trading overview
Ljubljana Stock Exchange – trading overview 1H 2024 1H 2025 change 30.6.2024 30.6.2025 change TOTAL TURNOVER 238,929,061 389,941,362 63.2% Equity market 11,489,707,827 16,008,550,450 39.3% Orderbook turnover 224,374,083 344,394,586 53.5% capitalization Top 5 shares by turnover SBITOP value 1.577,93
Slide 17: Ljubljana Stock Exchange - indices
EUR Thousands 0 1.000 2.000 3.000 4.000 5.000 6.000 7.000 8.000 2023-01-03 2023-03-03 2023-05-03 2023-07-03 2023-09-03 2023-11-03 2024-01-03 2024-03-03 Turnover 2024-05-03 SBITOP 2024-07-03 2024-09-03 Last Value 2024-11-03 2025-01-03 2025-03-03 2025-05-03 0,00 500,00 1.000,00 1.500,00 2.000,00 2.500
Slide 18: Financial Results (Unconsolidated)
Financial Results (Unconsolidated) Key Financial Indicators 1.400 1.204 1.200 999 EUR 1-H 2024 1-H 2025 Change 1.000 Operating revenue 999,159 1,204,448 20.5% EUR 000 Sales revenue 673,012 884,623 31.4% 800 Other operating income 326,147 319,825 -1.9% 600 Operating expenses 1,084,829 1,172,458 8.1%
Slide 19: Financial Results (Consolidated)
Financial Results (Consolidated) Key Financial Indicators 2.500 2.310 2.000 1.910 EUR 1H 2024 1H 2025 change Operating revenue 1,910,609 2,310,166 20.9% Sales revenue 1,250,312 1,655,276 32.4% 1.500 EUR 000 Other operating income 660,297 654,890 -0.8% Operating expenses 1,840,216 2,003,377 8.9% 1.00
Slide 20: Balance Sheet Structure
Balance Sheet Structure Unconsolidated Consolidated Assets Assets 30.6.2025. 63,1% 31,5% 5,4% 30.6.2025. 38,9% 54,7% 6,5% 31.12.2024. 65,0% 31,8% 3,2% 31.12.2024. 42,2% 53,8% 4,0% 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 Prep
Slide 21: Share statistics – 1H 2025
Share statistics – 1H 2025 ZB Share Statistics – 2024/2025 7.000,00 4,50 4,00 6.000,00 Symbol ZB 3,50 ISIN HRZB00RA0003 5.000,00 3,00 Shares outstanding 2,317,850 EUR Turnover 4.000,00 Share Price Segment Official Market 2,50 First trading day 31.08.2016. 3.000,00 2,00 Market Cap 8.99 mil € Last pri
Slide 22: Useful links
Useful links MACEDONIAN Zagreb Stock STOCK Exchange EXCHANGE Events 22
Slide 23: Thank you!
Thank you! Zagreb Stock Exchange Investor Relations ir@zse.hr tel: +38514686806 23
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