Budapesti Értektozsde : Semi-Annual Report for the period ending 30th June 2025 and related Statement of responsibility

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BUDAPEST STOCK EXCHANGE PLC. SEMI-ANNUAL REPORT FOR THE PERIOD ENDING 30 TH JUNE 2025. MANAGEMENT REPORT AND FINANCIAL STATEMENTS CONTENTS MANAGEMENT REPORT 2 FINANCIAL STATEMENTS 6 2 MANAGEMENT REPORT The net profit of the Budapest Stock Exchange (BSE) for the first half-year of 2025, which includes the BSE's share of the KELER Group's results, is HUF 2.67 billion. The EBITDA value in the first half-year of 2025 was HUF 879 million, which is 31% higher than the value achieved in the same period of 2024. The revenues of the Budapest Stock Exchange amounted to HUF 2 208 million in the first half-year of 2025, which is 20% higher than the revenue generated in the same period of the previous year. In 2025 trading revenues grew 51% compared to the same period of last year. Issuer fee revenues are 3% higher than in 2024 H1, while information services revenues grew 8%. The average equity market turnover in the first half-year of 2025, amounting to HUF 19.3 billion, exceeded the full-year average of HUF 11.8 billion in 2024. Compared to the same period in 2024, the turnover in the first half-year is nearly 80% higher than the HUF 10.83 billion recorded a year earlier. As of the end of June 2025, the Budapest Stock Exchange lists the securities of 155 issuer companies. In the first half-year, the shares of one new issuer, Glia Nova, were listed on the Xtend market, while Goodwill Pharma transitioned from the Xtend market to the Standard category of the regulated market. In the debt section listed corporate bonds grew by HUF 534 billion and mortgage bonds grew with HUF 44 billion. The business line generated revenues of HUF 659 million in the first half-year, representing a 3% increase compared to the first half-year of 2024. The information services business line generated HUF 668 million in revenue during the period, which is 8% higher compared to the first half-year of the previous year. In the first half-year, expenses amounted to HUF 1 327 million, which is HUF 151 million (+13%) higher compared to the same period of the previous year. The result of financial operations amounted to HUF 150 million during the reporting period. The higher amount of interest income was countered by unrealized exchange rate losses. In the first half-year of 2025, the KELER Group achieved a pre-tax profit of HUF 4,96 billion, supported by better-than-expected fee income and interest revenue, as well as savings in operating expenses. Revenue from core activities amounted to 10,526 billion HUF, with a significant portion of HUF 7,114 billion coming from fees and commission income which is HUF 273,7 million higher compared to the same period of the previous year. The interest rate differential amounted to HUF 3,416 billion, falling short of the base figure by HUF 247,8 million, primarily due to the decrease in the benchmark interest rate. The costs of the securities depository and clearing house amounted to HUF 5,7 billion in the first half-year of 2025, exceeding the operating expenses of the same period in the previous year by HUF 698,2 million. 3 PROFIT/LOSS CUMULATED BREAKDOWN* (MILLION HUF) Description 2025 Q1-Q2 2024 Q1-Q2 CHANGE Revenues 2 208 1 846 +20% of which Revenues from trading fees 853 564 +51% of which Revenues from listing fees 659 642 +3% of which Revenues from sale of information 668 619 +8% Operating expenses without depreciation -1 327 -1 176 +13% of which Expenses for material costs -2 -2 0% of which Expenses for services used -408 -402 +1% of which Personnel costs -816 -700 +17% of which Expenses arising from miscellaneous other costs -83 -72 +15% of which Other expenses -18 0 Impairments and reversals -2 -1 +100% EBITDA 879 669 +31% EBITDA/Revenues 40,0% 36,5% Depreciation, amortisation -138 -174 -21% EBIT 741 495 +50% KELER Group results attributable to BSE 2 025 2 112 -4% Profit or loss of financial transactions 150 149 +1% Income tax, business tax, innovation contribution -244 2 Net profit or loss 2 672 2 758 -3% No valuation was performed for the KELER Group during the period; therefore, no impairment or reversal was recorded. DESCRIPTION 2025 Q1-Q2 2024 Q1-Q2 CHANGE Adjusted1 operating cash flow* 788 865 -9% Adjusted 1 free cash flow* excluding dividend received 838 809 +4% Adjusted 1 free cash flow* 1 658 4 079 -59,4% The adjusted free cash flow of the Budapest Stock Exchange amounted to HUF 1 658 million in the first half-year of 2025, which is 59.4% lower than the HUF 4 079 million recorded in the comparative period, due to the outstanding amount of dividend from KELER last year. Interest income was higher in H1 of 2025, therefore the ‌1 Excluding the effects of grants received * The figures do not include paid dividend 5 cash flow excluding dividend received was higher as well. The free cash flow calculation is presented on page 29 of the financial statements. The calculation of the adjusted free cash flow is consistent with the methodology published in the 2024 Annual Report of the Budapest Stock Exchange, which is presented on page 80 of the report. The results presented in this report are unaudited; the statements and disclosed figures are based on the internal accounting records of the Budapest Stock Exchange and the KELER Group. PROFIT/LOSS, IN QUARTERLY BREAKDOWN (HUF MILLION) DESCRIPTION 2024 Q1 2024 Q2 2025 Q1 2025 Q2 Revenues 912 934 1 109 1 099 of which Revenues from trading fees 279 285 439 414 of which Revenues from listing fees 318 324 331 328 of which Revenues from sale of information 307 312 324 344 Operating expenses without depreciation -574 -602 -676 -651 Impairments and reversals -2 1 -2 0 EBITDA 336 333 431 448 EBITDA/Sales revenue 36,92% 36,00% 39,15% 40,91% Depreciation, amortisation -90 -84 -69 -69 EBIT 246 249 362 379 KELER Group profitability attributable to BSE 1 249 863 1 048 977 Profit or loss of financial transactions 81 68 56 94 Income tax, business tax, innovation contribution -165 167 -156 -88 Net profit or loss 1 411 1 347 1 310 1 362 5 INTERIM FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 30 JUNE 2025 PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS (IAS 34) AS ADOPTED BY THE EUROPEAN UNION TRANSLATION TABLE OF CONTENTS SEPARATE INTERIM FINANCIAL STATEMENTS Separate statement of financial position as at 30 June 2025 5 Separate statement of comprehensive income for the period ended 30 June 2025 6 Separate statement of changes in equity for the period ended 30 June 2025 7 Separate statement of cash flows for the period ended 30 June 2025 8 NOTES Selected notes to the interim financial statements for the period ended 30 June 2025 10 5 IFRS REPORTING - INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS SEPARATE STATEMENT OF FINANCIAL POSITION Description Notes 30.06.2025 31.12.2024 ASSETS Property, plant and equipment 11 371 332 Intangible assets 11 196 235 Right of use assets 12 754 790 Investments in associates measured using the equity method and investments in subsidiaries 13 19 564 18 363 Investments measured at fair value through other comprehensive income 13 4 3 Loans at amortised cost 14 22 22 Non-current assets 20 911 19 745 Inventories 14 3 2 Trade and other receivables 14 565 502 Prepaid expenses 14 222 36 Accrued revenues 14 86 560 Cash and cash equivalents 14 10 241 8 655 Current assets 11 117 9 755 TOTAL ASSETS 32 028 29 500 EQUITY AND LIABILITIES Subscribed capital (par value: HUF 100/share) 15 541 541 Retained earnings 15 27 888 25 887 Revaluation reserve originating from associates 15 5 9 Total shareholders' equity 28 434 26 437 Employee benefit liabilities (non-current) 16 12 10 Non-current lease liability 12 749 813 Deferred tax liabilities 10 1 309 1 193 Non-current liabilities 2 070 2 016 Trade payables and other short-term liabilities 17 125 675 Liabilities to shareholders 17 671 0 Current tax liabilities 10 15 9 Current lease liability 12 119 117 Prepaid revenues 17 361 56 Accrued expenses 17 231 189 Employee benefit liabilities (current) 16 2 1 Current liabilities 1 524 1 047 Liabilities 3 594 3 063 TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES 32 028 29 500 Budapest, 9 September 2025 Tibor Tóth Katalin Sámel Chief Executive Officer Financial Director NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 5 IFRS REPORTING - INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS Description Notes 01.01.2025- 30.06.2025 01.01.2024- 30.06.2024 Revenue 6 2 196 1 835 Other income 6 12 11 Expenses for material costs 7 -2 -2 Expenses for services used 7 -408 -402 Personnel costs 7, 8 -816 -700 Depreciation and amortisation 11, 12 -138 -174 Expenses arising from miscellaneous other costs 7 -83 -72 Other expenses 7 -18 0 Share in the profit or loss of associates 13 2 025 2 112 Interest income 9 207 140 Other financial income 9 0 26 Finance expenses 9 -57 -17 Expenses from expected credit losses 14 -2 -1 Profit/loss before taxation 2 916 2 756 Income tax expense/income 10 -244 2 Net profit or loss 2 672 2 758 Other comprehensive income Of which items to be subsequently reclassified to profit or loss Share of other comprehensive income of associates 13 -4 -2 Other comprehensive income -4 -2 Total comprehensive income 2 668 2 756 Net profit/loss (HUF thousand) 2 672 489 2 758 574 Net profit/loss (HUF million) 2 672 2 758 Average number of shares 5 413 481 5 413 481 Earnings per share (EPS) (Ft/share) 494 510 Diluted Earnings per share (Ft/share) 494 510 SEPARATE STATEMENT OF COMPREHENSIVE INCOME Budapest, 9 September 2025 Tibor Tóth Sámel Katalin Chief Executive Officer Financial Director NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 6 IFRS REPORTING - INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS SEPARATE STATEMENT OF CHANGES IN EQUITY Description Subscribed CAPITAL Retained EARNINGS Revaluation RESERVE ORIGINATING FROM ASSOCIATES Total SHAREHOLDERS ' EQUITY Balance at 1 January 2025 541 25 887 9 26 437 Net profit or loss/other comprehensive income for the period 01.01.2025-30.06.2025 0 2 672 -4 2 668 Dividends from retained earnings -671 -671 Balance at 30 June 2025 541 27 888 5 28 434 Balance at 1 January 2024 541 20 651 12 21 207 Net profit or loss/other comprehensive income for the period 01.01.2024-30.06.2024 0 2 758 -2 2 756 Dividends from retained earnings -606 -606 Balance at 30 June 2024 541 22 806 10 23 357 Net profit or loss/other comprehensive income for the period 01.07.2024-31.12.2024 0 3 080 -1 3 080 Balance at 31 December 2024 541 25 887 9 26 437 Notes 15 15 15 15 Budapest, 9 September 2025 Tibor Tóth Sámel Katalin Chief Executive Officer Financial Director NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 7 IFRS REPORTING - INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS SEPARATE STATEMENT OF CASH FLOWS Description Notes 01.01.2025- 30.06.2025 01.01.2024- 30.06.2024 Cash flows from operating activities Profit before taxation 2 916 2 756 Adjustments to reconcile net profit to operating cash flows Depreciation and amortisation 11, 12 138 174 Share of associated companies profit before taxation 13 -2 026 -2 112 Adjustment for interest expenses on leases 12 16 17 Reclassification to investing cash flows 9 -207 -140 Non-cash adjustment (unrealised fx gains/losses) 9 30 -14 Impairments and reversals 14 2 1 Employee benefits (non-cash item) 14 3 1 Working capital adjustments Net (increase)/decrease in trade and other receivables 14 222 742 Net (increase)/decrease in inventories 14 -1 2 Net change in advances received on government grants 6 -470 -188 Net increase/(decrease) in trade and other creditors 17 215 228 Change in liabilities to shareholders 17 671 0 Income tax paid 10 -68 -106 Net Cash from Operating Activities 770 1 361 Continuation on the next page. NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 8 IFRS REPORTING - INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS SEPARATE STATEMENT OF CASH FLOWS (CONTINUED ON) Description Notes 01.01.2025- 30.06.2025 01.01.2024- 30.06.2024 Cash flows from investing activities Interest received 9 207 140 Purchase of intangibles, property, plant and equipment 11 -99 -118 Acquisition of shares, additional payment 13 -1 0 Employee loans 14 -10 -10 Repayment of employee loans 14 11 2 Dividend received 13 820 3 270 Income from the sale of intangibles, property, plant and equipment 11 17 0 Net cash flow from investing activities 945 3 284 Cash flows from financing activities IFRS 16 Leases - principal and interest payments 12 -75 -70 Dividends paid 0 -606 Net cash flow from financing activities -75 -676 Net increase / (decrease) in cash and cash equivalents 1 640 3 969 Cash and Cash Equivalents at Beginning of Year 14 8 655 4 164 Unrealised exchange differences on cash and cash equivalents at period-end -54 47 Cash and Cash Equivalents at End of the Period 14 10 241 8 180 Budapest, 9 September 2025 Tibor Tóth Katalin Sámel Chief Executive Officer Financial Director NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 9 IFRS REPORT - NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS SELECTED NOTES TO THE INTERIM FINANCIAL STATEMENTS REPORTING ENTITY Name of Company: Budapesti Értéktőzsde Nyilvánosan Működő Részvénytársaság (Budapest Stock Exchange Public Limited Company) Legal form: Public Limited Company Registered office and address of the company: H-1013 Budapest, Krisztina körút 55., Hungary VI. emelet Company registration number: 01-10-044764 Country of registration and operation (applicable law): Hungary Par value and number of shares issued: 5,413,481 shares with a par value of HUF 100 each Data of persons authorised to sign the report on behalf of the Company: Tibor Tóth, Chief Executive Officer address: H-1124 Budapest, Vas Gereben u. 1. Katalin Sámel, Chief Financial Officer address: H-1135 Budapest, Lehel utca 60. 6/1 Budapest Stock Exchange Plc. (hereinafter referred as: BSE or Company) was founded on 21 June 1990. A key player on the Hungarian money and capital markets, Budapest Stock Exchange Plc. (BSE) provides economic operators with access to financial resources and offers investors a broad range of investment instruments. BSE's mission is to create a Hungarian economy based on stable and independent funding and to continuously develop the financial culture of the Hungarian population and corporate sector. THE FOUR MAIN ACTIVITIES OF THE COMPANY Listing services, trading services, dissemination of market information, and product development. The Company is operating under the relevant Capital Market Act. The Company's registered office: H-1013 Budapest, Krisztina körút 55., Hungary VI. emelet. The ownership structure of the Company is presented in Note 16. The Company's controlling shareholder is Magyar Nemzeti Bank (MNB, the Hungarian National Bank; address: H-1054 Budapest, Szabadság tér 8-9). All of the ordinary shares of BSE were introduced to the Standard category of the Budapest Stock Exchange on June 7, 2023. Number of shares : 5 413 481 Par value : HUF 100 Initial price of share : HUF 2.906 ISIN : HU0000063078 The first day of trading was 21 June 2023. (Resolution of BSE no. 177/2023.) NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 10 IFRS REPORT - NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS BASIS OF PREPARATION STATEMENT OF COMPLIANCE These interim financial statements were prepared in accordance with the IAS 34 Interim Financial Statements standard, so they do not contain all the information presented in the year-end financial statements - in accordance with the IAS 1 Presentation of Financial Statements standard. This interim financial statement must be read in conjunction with the financial statements for the business year ending 31 December, 2024 (hereinafter the full financial statement). In the following, the additional comments necessary to assess the significant changes in the financial position and performance of the BSE since the last annual financial statements are presented. BASIS OF MEASUREMENT During the preparation of the current interim financial statements, the judgments and estimates used by BSE's management, which are applied by BSE's accounting policies, have an impact on the displayed assets, liabilities, income and expenses. There have been no changes in the accounting policies applied by BSE, as well as in the main estimation uncertainties, since the preparation of the last annual financial statements. FUNCTIONAL AND PRESENTATION CURRENCY These financial statements have been prepared in Hungarian forint (HUF) (the presentation currency), which is also the functional currency of BSE. All financial information presented in HUF has been rounded to the nearest million ("HUF million"). NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 11 IFRS REPORT - NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS MATERIAL ACCOUNTING POLICY INFORMATION AND CHANGES THEREIN The accounting policies and standards applied in the preparation of the interim financial statements of BSE are the same as those applied in the preparation of its financial statements as at 31 December 2024. CHANGES IN ACCOUNTING POLICIES AND ERRORS (IAS 8) CHANGES IN ACCOUNTING POLICIES IMPACT OF CHANGES OF IFRSS EFFECTIVE FROM 1 JANUARY 2025 AND THE INTRODUCTION OF NEW STANDARDS ON FINANCIAL STATEMENTS New and amended standards and interpretations issued by the IASB and adopted by the EU that are effective from the current reporting period: Amendments to IAS 21 (The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability) According to the evaluation of the Company, the adoption of the above standards and amendments to existing standards does not have a material impact on the Company's financial statements. New and revised standards and Interpretations issued by IASB and adopted by the EU but not yet effective: Amendments to IFRS 7 and IFRS 9: Amendments to the Classification and Measurement of Financial Instruments Amendments to IFRS 7 and IFRS 9 : Contracts Referencing Nature-dependent Electricity Annual Improvements Volume 11 According to the evaluation of the Company, the adoption of the above standards and amendments to existing standards will not have a material impact on the Company's financial statements. Standards and interpretations issued by the IASB and not adopted by the EU: IFRSs adopted by the EU currently do not differ significantly from regulations adopted by the International Accounting Standards Board (IASB), except for the following new standards, amendments to existing standards and new interpretations that have not yet been adopted in the EU as at the date of disclosure of the financial statements: IFRS 18 : Presentation and Disclosure in Financial Statements IFRS 19 : Subsidiaries without Public Accountability: Disclosures The Company is currently in the process of evaluation of the effect of above standards and their modifications. NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 12 IFRS REPORT - NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS CHANGES IN ACCOUNTING POLICY DUE TO BSE DECISION There were no accounting policy changes in the period. Share capital and EPS ratios are not affected by the reclassification. PRIOR YEAR ERRORS There are no Restatements due to Prior year errors in the present Financial Statements. NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 13 IFRS REPORT - NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS FINANCIAL INSTRUMENTS: DISCLOSURES FAIR VALUE HIERARCHY OF FINANCIAL ASSETS AND LIABILITIES IAS 34 requires BSE to publish information on fair value of its assets and liabilities. BÉT currently does not have any significant assets that are to be valued at fair value in the statement of financial position. CLASSIFICATION OF FINANCIAL INSTRUMENTS The Company measures its financial instruments at amortised cost: Trade and other receivables Cash and cash equivalents Employee benefit liabilities Non-current and current lease liabilities Trade payables and other short-term liabilities PRESENTATION OF ASSETS AND LIABILITIES NOT MEASURED AT FAIR VALUE BY CLASSIFICATION INTO THE APPROPRIATE LEVEL OF THE FAIR VALUE HIERARCHY All instruments are included in Level 3 of Fair value measurement, except cash and cash equivalents, which are included in Level 2. Carrying amount is a reasonable approximation of fair value. NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 14 IFRS REPORT - NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS REVENUES AND OTHER INCOME REVENUES FROM STOCK EXCHANGE ACTIVITIES Description 01.01.2025- 30.06.2025 01.01.2024- 30.06.2024 Revenues from trading fees 853 564 Annual admission fees 44 44 Fees of trading (monthly) and auctions 807 517 Other revenue related to trading 2 2 Revenues from listing fees 659 642 Listing (one-off) fee 53 44 Quarterly fee 601 593 Other related revenue 5 5 Revenues from sale of information 668 619 Annual vendor fees 323 291 Monthly vendor fees 335 328 Other information services 10 0 Revenues from other services 16 10 Connection fees, licenses 16 10 Total Revenues 2 196 1 835 Trading revenues change primarily as a result of the daily turnover, especially the share section turnover. The revenues from listed entities are partly related to one-off fees invoiced at the time of listing, and partly related to the listed assets in a given half-year. Vendor fees are typically invoiced in EUR, so the recorded HUF revenues are partly affected by the exchange rate movements, and partly by the change in quantities. All income is recognised within the year, or, if the Company recognises income over a given period, on a simple pro rata basis. SEASONALITY According to long-term historical experience, trading revenues bear seasonality, as the summer months (June - August) - mostly in line with holiday periods - generally produce a more restrained turnover on the stock markets compared to other months of the year. In the case of listing fees from issuers and revenues from the sale of information, BSE did not identify any clear seasonality or any circumstances that would justify seasonality. Since BSE is not a seasonal business operator, we do not present separate financial information related to seasonality. NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 15 IFRS REPORT - NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS OPERATING SEGMENTS The management of BSE has reviewed the entity's activities and operations and, on that basis, has concluded that there are no identifiable separable operating segments whose operating results would be reviewed by the chief operating decision maker of BSE in order to make a decision about resources to be allocated to the segment, since the following criteria are not met: Most of the operating expenses cannot be allocated to a specific business activity or specific business contract. Direct and indirect allocation of most expenses to cost centers is not possible. Therefore, no discrete financial information is available. OTHER INCOME Description 01.01.2025- 30.06.2025 01.01.2024- 30.06.2024 Other income 12 11 Total Other Income 12 11 GOVERNMENT GRANTS Total amount of non-repayable grants available under the EDIOP-1.1.7-2017-00001 programme: it was HUF 1,307 million after a budget increase in 2022, with the aim of implementing training and mentoring programmes and providing stock exchange preparation for IPOs for companies identified in the context of the call. The programme and related payments by BSE ended in 2023. The Grantor approved the last settlement in January 2024 and transferred HUF 497 million to BSE. The mirror project of EDIOP, the "BSE Mentoring Programme in the Central Hungary Region" ("CHR") project targets the same stock exchange development elements by focusing on the central regions. After the budget increase in 2022, the total amount HUF 846,75 million was available for this aim. In 2023, the CHR program also expired, BSE paid all relevant amounts to eligible partners, and the final approval also arrived in March 2025. There are no unfulfilled conditions and other contingencies attaching to government assistance recognised. NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 16 BET SE MI ANNUAL REPORT -2025 H1 IFRS REPORT - NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR THE FIRST HALF-YEAR ENDED 30 JUNE2025; DATA IN MILLION FORINTS A significant part of trade payables and other current liabilities is composed of advances received for the project: EDIOP advance 0 0 CHR advance 0 470 Total project advances received (Within other short-term liabilities) 0 470 NOTES TO THE FINANCIAL STATEMENTS ON PAGES 10 TO 35 FORM AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 17 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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