Report Q1 2026

CONTENT

IMPACT'S MISSION 4

GROUP OVERVIEW 5

PROJECT PORTFOLIO 7

SIGNIFICANT ACCOUNTING POLICIES 27

GROUP PERFORMANCE WITHIN THE REPORTED PERIOD 30

REVENUE BY SEGMENTS 38

FINANCIAL RESULTS AS AT 31 OF MARCH 2026 41

ACTUAL VS BUDGETED Q1 2026 and BUDGETED 12 MONTHS 2026 46

RELEVANT LITIGATIONS 48

FINANCIAL RATIOS 52

CONCLUSIONS 53

STATEMENT OF THE MANAGEMENT 54

‌TELECONFERENCE RESULTS Q1 2026

On May 28th, 2026, starting at 12:00 (Romanian time), we invite you to participate at the teleconference for the presentation the financial and operational results of the IMPACT Group for the Q1 2026.

Sebastian Câmpeanu CEO

Claudiu Bistriceanu CFO

People interested in participating in the teleconference are asked to confirm

participation by registering HERE.

IMPACT's MISSION / WHO WE ARE

An innovative company with 35 years of activity on the Romanian market, which creates trends in real estate, author of the residential complex concept, the first real estate company listed on the Bucharest Stock Exchange, in 1996.

Our work is focused on having a positive impact on people's lives, developing communities with a focus on sustainability, efficiency, and a rich social life.

The experience of developing 17 residential complexes positions us as a developer of large-scale residential projects.

MISSION

Our mission is to positively impact people's lives by developing communities with focus on sustainability, efficiency and wellbeing. We generate added value to all our stakeholders through sound investments.

VISION

We strive to become the leading Residential Real Estate Developer in the region through sustainable large-scale residential projects.

OUR VALUES

which reflect the company's DNA:

We promise to always respect the law, make the best decisions, and do what is best for our clients, our company, our partners, and our team, with success for all parties involved.

We pay special attention to transparency and equal treatment of all our investors, respecting business conduct and ethics.

We seek to be at the top of industry innovations, an example that motivates and inspires everyone else.

We have a commitment to Green. We apply and implement principles and technologies to achieve nZEB and BREEAM Excellent standards in all our developments.

We build the future for our customers. We are committed to always offering the most valuable propositions to our customers, because we are eager to find a way to meet their needs and exceed their expectations.

We are dedicated to developing residential projects that prioritize quality, comfort, and safety. We are motivated not only to build homes, but to create spaces where people feel "at home," even for many generations.

IMPACT GROUP OVERVIEW / STRUCTURE

Vertically integrated companies that establish the IMPACT SA Project Development Platform

Impact Developer & Contractor SA: The Parent company, in which the GREENFIELD Baneasa and GREENFIELD West in Bucharest, BOREAL Plus in Constanta and LOTUS in Oradea are being developed.

Impact Alliance Architecture SRL: Subsidiary established in 2022, in which IMPACT holds 51%, the main object of activity being the provision of architectural, design and authorization services.

R.C.T.I. Company SRL: Subsidiary in which IMPACT holds 51.01%, real estate construction company involved in the construction of IMPACT projects, especially in GREENFIELD Băneasa, as well as projects for third parties. The company joined the IMPACT group in 2022.

Spatzioo Management SRL: The company that provides management services for residential, retail and commercial projects.

Impact Finance & Sales SRL: Has a role in diversifying the range of services related to residential sales. Impact Finance & Sales in collaboration with financial institutions in Romania offers advantageous loan solutions for clients purchasing homes.

STRUCTURE

Active project development companies

IMPACT DEVELOPER & CONTRACTOR

The parent company, in which the GREENFIELD Băneasa and GREENFIELD West projects in Bucharest, BOREAL Plus in Constanța, as well as LOTUS in Oradea are developed.

ARIA VERDI DEVELOPMENT SRL is developing the Aria Verdi project, in Bucharest.

GREENFIELD COPOU RESIDENCE SRL is

developing the Greenfield Copou project, in Iasi.

BERGAMOT DEVELOPMENTS SRL and BERGAMOT

DEVELOPMENTS PHASE II SRL developed and completed the Luxuria Residence project in Bucharest.

6

LUXURIA RESIDENCE - BUCHAREST

Located in the Expoziției area, in Bucharest, LUXURIA Residence is built to international standards of quality and sustainability, being the first residential complex in Romania with BREEAM Excellent certification.

630 Units

99% contracted as at 31 of March 2026, LUXURIA Residence brings together the first modern urban community in the Expozitiei area.

COMPLETED UNITS 630

UNITS SOLD AS AT 31.03.2026 627

BALANCE AS AT 31.03.2026 3

8

UNITS IN PREPARATION

TOTAL UNITS TO BE VALUED IN THE FUTURE

SCB TO BE VALUED IN THE FUTURE (sqm)

-

3

633

UNITS UNDER CONSTRUCTION -

GREENFIELD BĂNEASA - BUCUREȘTI

Located in northern Bucharest, in District 1, next to Băneasa Forest, Greenfield Băneasa is a large-scale residential project built around key values for the future of urban living: nature, tranquility, integrated facilities, and sustainability. By 2034, the estimated completion year of the development, the project will comprise over 6,485 housing units and a community of more than 15,000 residents.

Since 2007, the starting year of the works for the first phase of development, until now, GREENFIELD Băneasa has experienced a sustainable development, bringing the community new infrastructure and new facilities: two private parks, extensive green spaces, playgrounds, proximity stores, the GREENFIELD PLAZA shopping center and the WELLNESS CLUB by Greenfield, sports center, Since the start of construction in 2007, Greenfield Băneasa has developed as an integrated urban ecosystem designed to support a better quality of life. Today, the neighborhood offers facilities aligned with the "15-minute city" concept: wellness and sports areas, a semi-Olympic swimming pool,

IMPACT Developer & Contractor continuously invests in access infrastructure for Greenfield Băneasa. In 2025, the company allocated approximately EUR 1 million for a new access road between Drumul Pădurea Pustnicu and Bulevardul Platanilor, and in 2026 it will begin works on the Aleea Teișani-Șoseaua Odăii connection, with linkage to the future M6 metro line. The neighborhood also benefits from an STB terminal, served by bus line 203, providing direct access to Piața Victoriei.

6.485 Units

an outdoor pool, a fitness center, outdoor sports spaces, a shopping center with retail, dining, and services, public transport, as well as over 127,000 sqm of green spaces. The educational component is supported by Avenor College and a future Educational

TOTAL UNITS TO BE VALUED IN THE FUTURE

SCB RESIDENTIAL TO BE VALUED IN THE FUTURE (sqm)

SCB COMMERCIAL TO BE VALUED

3,401

336,254

9

Complex, including a public school and kindergarten, scheduled to open in 2028.

IN THE FUTURE (sqm) 482

GREENFIELD BĂNEASA RESIDENCE

GREENFIELD BĂNEASA RESIDENCE - AWARDS

• 2021: "Proiectul Rezidențial al Anului" at SEE Property Forum

• 2019: "Best Smart Green Project" in the Smart Real Estate and Residential Category, awarded at the Smart City Industry Awards

• 2016: "The best residential compound that uses sustainable architecture and design"

  awarded at the Smart City Industry Awards Gala

  GREENFIELD BĂNEASA RESIDENCE

  UNIQUE LOCATION

  Located in Sector 1, Baneasa, probably in the most beautiful location in the northern area and embraced by 900 hectares of forest, GREENFIELD BANEASA offers residents a wealth of facilities both within the complex and in its immediate vicinity. Residents enjoy all the advantages of a secluded, unique location, but also the advantages of urban life specific to a European capital.

  DEVELOPMENT PHASES

  To date, over 3,418 housing units have been built within Greenfield Băneasa, with a further 3,067 units to be added by 2034, forming a community of more than 15,000 residents.

  PERMITS

  • Zonal Urban Plan (PUZ) for over 4,000 units, of which:

  • 1,167 homes with building permits, of which 732 completed and 435 are in development

  • 550 homes in the final stage of authorization.

  • 2,286 homes under authorization

    ESG

    Surrounded by over 900 hectares of forest, Greenfield Băneasa brings the "15-minute city" concept to life through amenities that provide access to green spaces, wellness facilities, and proximity-based services that support a balanced lifestyle.

    CLEAN AIR

    According to a study conducted in May 2026 by Quantix Marketing Insights on a representative

    sample of the capital's population, Greenfield Băneasa is most frequently associated by Bucharest residents with access to the forest, clean air, and the image of a modern neighborhood.

    
    
    

    Among the amenities that support well-being through access to the forest and clean air are the green spaces, the two private parks, promenade alleys, and children's playgrounds. SUSTAINABILITY IN CONSTRUCTION

    Starting in 2021, the new buildings developed in Greenfield Residence have been designed for low energy consumption, in accordance with BREEAM Excellent and nZEB standards. They incorporate sustainable design solutions, energy efficiency measures, and the use of renewable energy sources.

    Implemented measures include a photovoltaic park, solar panels, and green mobility solutions (electric vehicle charging stations, bicycle racks, and urban micromobility options).

    A LIFE WELL LIVED IN GREENFIELD

    Greenfield Băneasa currently brings together over 7,500 residents, forming a young, family-oriented community.

    They have access to wellbeing and sports facilities (a semi-Olympic swimming pool, outdoor pool, children's pool, fitness center, saunas, massage rooms, promenade alleys, and forest trails), as well as a shopping center and proximity services (medical offices, ATMs, pharmacies, a florist, lockers, etc.).

    The educational component further enhances the family-friendly community profile through

    proximity to Avenor College and the future Educational Complex, including a public school and kindergarten, scheduled for completion in 2028.

    ACCESS TO ROAD INFRASTRUCTURE AND PUBLIC TRANSPORT

    In 2025, Impact Developer & Contractor allocated approximately EUR 1 million for a new access road between Drumul Pădurea Pustnicu and Bulevardul Platanilor, and in 2026 it will begin works on the Aleea Teișani-Șoseaua Odăii connection, linked to the future M6 metro line, an investment of EUR 2.5 million.

    The neighborhood also benefits from an STB terminal, served by bus line 203, providing direct access to Piața Victoriei. These add to the over 18 km of roads already built within Greenfield and the more than 8,000 parking spaces available to residents.

    A NEIGHBORHOOD THAT SUPPORTS URBAN LONGEVITY

    According to the most recent study, Greenfield Residence offers an alternative to urban congestion and stress through a lifestyle connected to nature and focused on balance. Nine out of ten residents associate the development with the forest, and three quarters of them consider that clean air and leisure options make Greenfield Residence a suitable neighborhood for families with children.

    In addition, over 60% of residents believe that living in the neighborhood contributes to a good quality of life, and more than half are confident that this environment can help them live longer. Thus, Greenfield Residence is emerging as a residential space where nature, comfort, and well-being support a healthier and more balanced lifestyle in the long term.

    BRAND AWARENESS

    Greenfield Băneasa's brand recognition confirms its strength in the Bucharest residential market. According to the 2026 study, Greenfield records an aided awareness of 80% among Bucharest residents and ranks among the top three new residential developments mentioned spontaneously by respondents. This level of visibility represents an important asset for sustaining commercial interest, generating demand, and strengthening confidence in the project.

    Greenfield Băneasa addresses current urban needs related to balance, comfort, safety, and access to proximity services. The presence of commercial, educational, sports, and leisure facilities contributes to the development of a functional neighborhood, where residential living is supported by services essential to everyday life. At the same time, the existing community, developing infrastructure, and mixed-use profile create the premises for longterm value growth.

    Greenfield Băneasa is a strategic asset in the Company's portfolio, combining strong brand recognition, a validated residential product, an established community, differentiation through its natural setting, and growth potential driven by the development of infrastructure and proximity-oriented amenities. The project has the capacity to support future revenues, strengthen the Company's reputation, and contribute to its positioning in the segment of residential developments focused on quality of life.

    
    
    

    GREENFIELD PLAZA BUCHAREST

    GREENFIELD PLAZA, the first shopping center developed by IMPACT, an investment with an estimated market value of over 23 mill euro, with an area of 14,001 sq m, a mixed-use project covering retail, wellness and office functions, occupied at a rate of 100%, which will ensure the daily needs of the GREENFIELD community.

    Shopping gallery

    • Supermarket

    • Pharmacy

    • Cafes

    • Restaurants

    • Playground and escalation

    • Grocer's

    • Pet shop

Wellness Club by Greenfield

• Semi-Olympic pool

• Indoor children's pool

• Outdoor pool

• Fitness room

• Spinning room

• Massage rooms

• Saunas (dry, wet, IR)

• Cafe, restaurant

  Other functions

• Office building

• Car wash

• 264 parking spaces

• charging stations for electric vehicles

• Bicycle racks

• Urban mobility solutions

• Parcel delivery points

  ESG

  BREEAM Excellent certificate - We used responsible practices, durable materials, sustainable and intelligent systems and equipment, which lead to reduced pollution, protection of natural resources and reduced maintenance costs.

  13

  Renewable energy: The wellness club's roof is equipped with solar panels, which cover about 70% of the energy needs for heating domestic water and swimming pools, while 75% of the electricity needs for the shopping mall are provided by photovoltaic panels.

  
  
  
  
  

  Located on Bd. Barbu Văcărescu, one of the most beautiful and desirable areas of the Capital, ARIA VERDI will offer a spectacular view of the city, being surrounded by parks and lakes. The complex aims to raise the standard of quality of living in the premium segment, including a series of modern facilities: luxury shopping galleries, wellness area (swimming pool, spa, fitness), restaurants, cafes and large green spaces.

  The new residential complex encourages a lifestyle integrated with daily needs and offers a healthy environment for residents, being designed with care for the environment, including sustainability and wellbeing solutions, to BREEAM Outstanding and nZEB standards.

  14

  COMPLETED UNITS	-
  UNITS SOLD AS AT 31.03.2026	25
  BALANCE AS AT 31.03.2026	-
  UNITS UNDER CONSTRUCTION	-
  UNITS IN PREPARATION	865
  TOTAL UNITS TO BE VALUED IN THE FUTURE	840

  865 Units

  SCB RESIDENTIAL TO BE VALUED IN THE FUTURE (sqm)

  SCB COMMERCIAL TO BE VALUED IN THE FUTURE (sqm)

  147,803

  8,278

  
  
  

  PREMIUM LOCATION

  ARIA VERDI is located on Barbu Văcărescu Boulevard, near the central and business area of Bucharest, one of the main areas where real estate projects have been developed in recent years.

  PERMIT

  The building permit was obtained in 2025.

  DEVELOPMENT PHASES

  The project will have two development phases.

  ESG

  Apartments designed to BREEAM Excellent and nZEB standards

  • The buildings will be constructed following the BREEAM Excellent green certification criteria;

  • The new buildings will have low energy consumption, complying with the new standard in housing construction, nZEB, which involves sustainable design, energy-saving techniques and the use of renewable energy.

    Renewable energy

  • Photovoltaic panels

    Green mobility

    FACILITIES

    Over 7,600 square meters of green spaces:

    • Private parks

    • Verdi Park

    • Promenade alleys

    • Recreational places

      Children's playground

      Over 5,000 square meters of commercial space available to all residents.

      Over 2,700 sq m sports and relaxation club

    • Pool and SPA

    • Fitness room

    Underground parking spaces

    
    
    

  • Charging stations for electric cars

    
    
    

    Located in Sector 6 of the Capital, GREENFIELD West will be a mixed-use project - residential and commercial - that enjoys credibility from the perspective of the brand's history. Like the project in the Baneasa area, GREENFIELD West approaches modern, minimalist architecture and offers the highest construction standard for the middle segment. The future project will integrate the two concepts already implemented in Baneasa, home wellbeing and the 15-minute city.

    
    
    

    4,202 Units

    COMPLETED UNITS -

    UNITS SOLD AS AT 31.03.2026 -

    BALANCE AS AT 31.03.2026 -

    UNITS UNDER CONSTRUCTION -UNITS IN PREPARATION 4,202

    TOTAL UNITS TO BE VALUED IN THE FUTURE

    SCB TO BE VALUED IN THE FUTURE

    (sqm)

    4,202

    415,666

    LOCATION

    GREENFIELD West will be developed in an area of the Capital that is in full expansion, where numerous office, logistics and commercial buildings are currently being built. The new complex developed by IMPACT will complete the area's offer in the residential segment, being the largest residential project developed in the west of Bucharest.

    PERMITS

    Existing Detailed Urban Plan (PUD), improvement in progress. Based on the latest available concept, it is estimated that over 4,200 units will be authorized, with a GBA (Gross Built Area excluding parking and underground) of over 415,000 sq m including a community center of over 14,000 sq m, School, Kindergarten.

    
    
    

    DEVELOPMENT PHASES

    The project will have 10 development phases.

    ESG

    Apartments designed to BREEAM Excellent and nZEB standards

    • The buildings will be constructed following the BREEAM Excellent green certification criteria;

    • The new buildings will have low energy consumption, complying with the new standard in housing construction, nZEB, which involves sustainable design, energy-saving techniques and the use of renewable energy.

      Renewable energy

    • Photovoltaic panels

      Green mobility

    • Charging stations for electric cars

    • Bicycle racks

    • Micro-mobility solutions including bicycles, scooters and electric scooters

FACILITIES

Community center of over 14,000 sqm:

• Semi-Olympic pool

• Indoor children's pool

• Outdoor pool

• Fitness room

• Spinning room

• Massage parlors

• Squash

• Cafe, restaurant

  Education - over 9,600 sqm:

• Educational centers

• Nursery

  Over 60,000 sqm of green spaces:

• Private parks

• Promenade alleys

• Recreational places

• Children's playgrounds

• Pet playgrounds

• Outdoor fitness spaces

• Multifunctional sports field

• Over 4,000 sq m of commercial space

• Over 5,300 parking spaces exterior aboveground, interior aboveground and underground

Controlled access community: Barriers at every entrance to the neighborhood

Access will be card-based. 24/7 security

In the north of Constanța, far from the hustle and bustle and pollution of the city, Boreal, the first residential complex in Constanta consisting of 150 houses, was completed in 2010.

Nearby, BOREAL Plus is being developed, with 18 houses and 769 apartments, of which 18 houses have been completed and sold, 209 apartments completed and 160 sold.

Boreal Plus offers a wonderful environment for families to develop, in perfect harmony with nature and the city.

769 Units

LOCATION

Located in the north of the city, BOREAL Plus offers a balanced urban lifestyle, in a quiet

TOTAL UNITS TO BE VALUED IN THE FUTURE

SCB RESIDENTIAL TO BE VALUED IN THE FUTURE (sqm)

SCB COMMERCIAL TO BE VALUED IN THE FUTURE (sqm)

PERMITS

341 apartments and 18 houses were

611

55,353

424

and airy area, overlooking Lake Siutghiol, the Black Sea, but at the same time close to all the city's amenities, including commercial and logistics areas. The complex has direct access to Tomis Boulevard, being 15 minutes from the city center and Mamaia beach.

authorized for construction in 2020. The 18 houses and 209 apartments were completed in 2023.

ESG

Renewable energy: solar panels. Protecting resources and the environment:

• Building central heating

• Superior thermal and sound insulation

• Intelligent automation

FACILITIES

With a panoramic view of the Black Sea and Lake Siutghiol, the apartments in BOREAL Plus are defined by the safety and durability of the construction, but also by the comfort they offer. The complex is located in the immediate vicinity of a Kaufland hypermarket

and will benefit from parks, kindergarten and convenience stores.

12,000 sqm of green spaces

• Private Park

• Promenade alleys

• Recreation places

• Children's playground

417 sqm of commercial spaces, which can accommodate a wide range of services, from convenience stores to medical offices.

930 above-ground outdoor, above-ground indoor and underground parking spaces, with over 50% of the parking spaces covered.

19

BOREAL PLUS - CONSTANȚA - AWARDS

• 2020: Residential Development, awarded by the International Property Award.

Planned private kindergarten, with an area of 1,990 sqm, building that can accommodate up to 150 children, in 7 classes.

In complete harmony with the unique natural environment in which it will be built, GREENFIELD Copou Iasi will replicate the Greenfield housing model, becoming one of the largest green residential building projects in Iasi, built to nZEB standards and BREEAM Excellent certified.

The apartments will benefit from premium finishes and will offer spectacular views of the city and the Botanical Garden, in low-rise blocks, GF+5, separated by generous green spaces. The excellent facilities and the very good connectivity with the city's points of interest complete the mix of attributes that will make GREENFIELD COPOU the new landmark of residential developments in Iasi.

1,062 Units

COMPLETED UNITS -

UNITS SOLD AS AT 31.03.2026 -

BALANCE AS AT 31.03.2026 -

UNITS UNDER CONSTRUCTION -UNITS IN PREPARATION 1,062

TOTAL UNITS TO BE VALUED IN THE FUTURE

SCB TO BE VALUED IN THE FUTURE

(sqm)

1,062

97,408

LOCATION

GREENFIELD Copou Iași is located on the Copou Hill, offering a panoramic view of the Botanical Garden and the city of Iasi. Called "The Green Lung of Iasi", the Copou area offers an ideal natural setting, which attracts parks, relaxation areas through silence and fresh air. At the same time, it is a bohemian area, full of history, a famous university district. The ensemble will be harmoniously integrated, through blocks with low height regime and by including ample green spaces.

PERMITS

The building permit was obtained in 2023.

DEVELOPMENT PHASES

The project will have 4 development phases.

ESG

Apartments designed to BREEAM Excellent and nZEB standards

• All buildings will be built following the BREEAM Excellent green certification criteria;

• The new buildings will have a low energy consumption, complying with the new standard in housing construction, nZEB, which involves sustainable design, energy-saving techniques and the use of renewable energy.

Renewable energy

• Photovoltaic panels

• Solar Pannels

  Green mobility

• Charging stations for electric cars

• Micro-mobility solutions including bicycles, scooters and electric scooters

• Bicycle paths

  FACILITIES

  15,000 sqm green spaces:

  • Private parks

  • Promenade alleys

  • Recreational spaces

  • Playground for children

  • Landscape

    1,473 sqm commercial gallery 1,190 sqm sports and wellness club

  • Fitness

  • Pool

  • Spa

  • Restaurant

    1,161 parking places

    Private kindergarten - 945 sqm

    Gated community:

  • Barriers at every entrance to the neighborhood

  • Access is based on card

  • Security 24h/7

  • Video surveillance

4

3

5

1. Greenfield Baneasa - Bucharest

2. Aria Verdi - Bucharest

3. Greenfield West - Bucharest

4. Greenfield Copou - Iasi

5. Boreal Plus - Constanta

LANDS OWNED BY IMPACT AS AT 31 OF MARCH 2026

*GDV - for projects with a building permit, the Gross Development Value represents the final value agreed upon by Management, while for projects under development, the value is based on preliminary concepts and may be subject to change.

Summarization based on city

Gross development

value (thousands of

euro)

of euro)

IMPACT

No. Units

value (thousands

amount

land market

Land (sqm)

% of total Carrying

Market value (thousands

of euro)

Location

Asset as market value per city

0% 0%

5%

9%

86%

Bucharest Constanta Iasi

Oradea Other

Bucharest 641,975 164,211 86% 154,743 8,134 1,749,249

Constanța 69,575 8,644 5% 2,607 562 79,134

Iași 50,263 18,095 9% 7,383 1,062 185,242

Oradea 27,850 898 0% 898 - -

Others 9,656 123 0% 123 - -

Total 799,319 191,971 100% 165,753 9,758 2,013,625

SITUATION AND PERSPECTIVES AS AT 31 MARCH 2026

The Group holds a land portfolio of

799,319 sqm,

at a total book value of

165.7 mill euro

and a market value of

191.9 mill euro.

For 292,532 sqm, the Group holds building permit to develop projects worth a total of 773 mill euro.

Residential projects have been initiated on some of these land plots.

iven the magnitude of the projects that the Group builds, they include the development of a large-scale infrastructure (streets, green spaces, parks, sidewalks, children's playgrounds, etc.). Depending on the context of each project, the infrastructure is either donated to public authorities or transferred upon the sale of residential units that extends over a longer period, with phased construction, therefore, as at 31 of March 2026, the Group owns infrastructure for its current and past projects.

G

The company actively works to depreciate and/or transfer infrastructure to recover its value, deduct related costs and eliminate ownership costs.

SIGNIFICANT ACCOUNTING POLICIES

ACCOUNTING POLICY FOR THE RECOGNITION OF REVENUE FROM THE SALE OF RESIDENTIAL PROPERTY

The Group's financial statements are prepared in accordance with OMFP and International Financial Reporting Standards (IFRS).

The Group's revenues are recognized according to IFRS 15 "Revenue from Contracts with Customers", which involves two types of recognition:

• the method at a given point in time and

• the gradual recognition method.

Regarding revenue from the sale of residential units, the IMPACT Group adopted the point-in-time recognition method.

Under this method, the entire debit from the sale of a residential property is recognized at the time the sale and purchase contract is signed, or in other words, at the time of transfer of ownership to the end customer.

In this way, any advance received from the client both upon signing the promise/reservation contract and during the development of the project in question, is considered a "contractual liability" and is reported in the Liabilities section of financial statements.

Until the signing of the sales contract, no transaction is recorded in the profit and loss account with reference to the pre-contracted unit. Upon signing the sales contract, both the sales price and the total cost of the contract are recognized in the profit and loss account, thus, a total margin per unit can be generated.

TAXATION

Starting with 2022, the IMPACT Group is a VAT Tax Group. This tax facility allows compensation of VAT payable with VAT to be recovered between the members of the Group, simplifying reporting and optimizing the cash flow of the entire Group.

CONSOLIDATION OF FINANCIAL STATEMENTS

Consolidating the financial statements of a group with a parent company involves presenting an integrated financial picture for the entire economic entity, by aggregating the financial statements of the parent company and the controlled subsidiaries.

According to IFRS 10, when the parent company controls subsidiaries - either through a 100% or partial 51% share, their assets, liabilities, income and expenses are fully included in the consolidated financial statements, with the elimination of intragroup transactions and balances.

In case of partial holdings, the minority interest is recognized separately in both equity and consolidated results. This approach ensures a faithful reflection of the Group's true economic size and performance, providing transparency to investors, creditors and other stakeholders.

RECOGNITION OF GAINS FROM REVALUATION OF INVESTMENT PROPERTY

Investment property represents properties (land and/or buildings) held with the intention of earning rental income or capital appreciation (or both), including fixed assets under construction for such purposes, which are initially measured at cost, including transaction costs. Investment property also includes land with indefinite future use. As a rule, the Group acquires large areas of land, as its business model is to build large projects (approximately 1,000 units per project), therefore the duration of obtaining the necessary building permits may be uncertain, the period during which the initial conditions underlying the estimates related to the projects could change (increase in construction prices, management development strategy, changes in legislation, etc.). As such, given the reasonable probability that the land plots will not be used in accordance with management's intention, due to uncertainties beyond the Group's control, management initially recognizes certain land plots as investment properties until building permits have been obtained, a detailed project concept has been developed and significant steps have been taken to identify construction companies and finance the project. These assets are initially recorded at cost and revalued periodically.

Revaluations are carried out regularly every 6 months, the external valuation team being Colliers Valuation and Advisory. Market values are determined in euro, and following the translation of values into lei, the revaluation income also contains the exchange rate differences related to this translation.

IFRS standards do not allow the recognition of certain asset elements at market value, such as: the apartments in inventory available for sale, as well as those in the final stage of development; the revaluation of fixed assets, such as the Wellness Club and Impact Office, and the revaluation of land in inventories.

INFRASTRUCTURE

The cost of infrastructure works included in real estate projects is allocated to the cost of each apartment in the related project. The cost is transferred to cost of sales as the apartments are sold.

Because the development process of a project is longer than one year, borrowing costs incurred during the project are capitalized in the cost of the project (IAS 23) until the time of receipt of the respective project.

EXTERNAL FINANCIAL AUDITOR

KPMG Audit SRL was appointed by the decision of the General Meeting of Shareholders dated April 29, 2024, to audit the financial statements for the year 2024, subsequently the extension of the mandate of the external financial auditor KPMG Audit SRL was approved, for the financial years 2025, 2026 and 2027.

GROUP PERFORMANCE WITHIN THE REPORTED PERIOD (Q1 2026)

OPERATIONAL AND FINANCIAL

Revenue streams, mil euro

0.3

0.4

2.0

8.1

Sale of residential property

Rents

Construction and other services

Other services

IFRS net asset

Net assets at fair value

Revenue

Gross Profit

During Q1 2026, the revenue was mainly generated by construction services rendered by RCTI Company in amount of 8.1 mil euro. On the residential side, 16 housing units were sold, measuring a total of 1,244 sqm, at a value of 1.9 mil euro.

Projects summary

Luxuria 630 - 627 3 3,079 - 3 633

*information related to Phase 4 - Greenfield Băneasa

As at 31 of March 2026, the Group's completed projects are 57% contracted (both sales and pre-sales).

The total value of the units available for sale, which will be sold in the coming periods, is approximately 59 mil euro.

Net asset at market value (thousands of euro)

266,329 270,075 (1%)

During Q1 2026, the Group sold 16 units in Greenfield Baneasa and Boreal Plus with an area of 1,244 sq m, for a total value of approximately 1,989 thousand euro, total consolidated revenues of 10,868 thousand euro with a gross profit of 2,292 thousand euro, compared with 87 units with an area of 6,880 sqm and a value of 10,989 thousand euro, total consolidated revenues of 17,476 thousand euro with a gross profit of 4,567 thousand euro during Q1 2025.

• The net asset value as at 31 of March 2026 is 202,774 thousand euro, compared to 205,134 thousand euro as at 31 of December 2025.

• The debt ratio of the IMPACT Group remained quite stable, with a marginal increase from 13% as at 31 of December 2025 to 14% as at 31 of March 2026, in line with the increase in the loan balance by 1,878 thousand euro.

• The company's total debt consists mainly of bank loans worth 26,646 thousand euro and bonds worth 9,717 thousand euro.

  
  
  
  
  

  SALES (units, sqm, values)

  Sales by project

  (residential units)

  87

  296

  Surfance build

  (sqm)

  6,880

  Sales by project

  (residential units, ths EUR)

  61

16

2

- -

14

1,244

10,928

465

185 1,990

--

1,805

124

- -

1,120

3M 2025 3M 2026

SCD 3M 2025 SCD 3M 2026

3M 2025 3M 2026

PRE-SALE AS AT 31 OF MARCH 2026 (units, value)

As at 31 of March 2026, IMPACT had a total of 53 pre-sold units, with a package value of 13.6 mil euro. Most of these pre-contracts relate to the Aria Verdi and Greenfield Baneasa projects.

ARIA Verdi - mixed use project, located in the Barbu Vacarescu area of the capital was launched on February 24, 2026. Designed to BREEAM Outstanding and nZEB standards, the compound includes 865 apartments to be built over two development phases. Construction of the first phase of ARIA Verdi will begin in 2026, with a completion date in 2029. The project has a gross development value of 501 million euro.

GREENFIELD Băneasa is currently in the fourth development phase out of the six planned. Since 2007, when construction began for the first phase, GREENFIELD Băneasa has experienced continuous growth, bringing new infrastructure and multiple amenities to the community, including two private parks, numerous green areas, playgrounds, convenience stores, a private campus with kindergarten, school and high school, the GREENFIELD Plaza shopping center, and the Wellness Club by GREENFIELD sports center, as well as public transport and an STB terminal. As the project progresses and approaches maturity, additional new facilities are being added, such as a state school and kindergarten currently under construction, a church, a nursery, as well as further infrastructure and new access routes.

By comparison, as at 31 of December 2025, the balance of pre-sold dwellings was significantly lower, 18 units with a package value of 3 mil euro.

ONGOING PROJECTS AND PIPELINE PROJECTS FOR 2026-2034 PERIOD

**Gross Development Value is based on internal management estimates

For the next 9 years, the Group plans to build 7,870 residential units, with a gross development value estimated at 1.68 bn euro.

As at 31 of March 2026, the Group has building permits for a total of 2,496 residential units, with a total gross built area of 292,532 sqm. This area also includes commercial spaces, green spaces, children's playgrounds, etc. The gross development value of these projects is estimated by management at 773 mill euro.

As at 31 of March 2026, the Group has construction underway for a total of 384 residential units, of which 435 in Greenfield Baneasa, at a gross development value of approximately 53 mill euro, and 134 units in Boreal Plus Constanta, at a gross development value of 17.6 mill thousand euro.

ARIA Verdi project was launched on February 24, 2026, during a company anniversary event organized to celebrate the company's 30th anniversary of listing on the Bucharest Stock Exchange. The project will feature over 5,000 square meters of retail space and over 2,400 square meters dedicated to sports and recreation, an indoor park, and green roofs with themed gardens.

ARIA Verdi comprises 865 luxury apartments, designed to BREEAM Outstanding and nZEB standards, which will be built in two development phases. Construction of the first phase of ARIA Verdi will begin in 2026, with completion scheduled for 2029. The project has a gross development value of 501 million euros.

ASSETS AND DEBT BY SEGMENTS

REVENUE BY SEGMENTS