Lavide Holding N.v.EURONEXT: LVIDE

2025 Semi-Annual Report (Unaudited)

· Issued by Lavide Holding N.v.


LAVIDE HOLDING N.V.

SEMI-ANNUAL REPORT 2025

Registered office in Amsterdam

Registered in the Trade Register under number 32070622

https://www.lavideholding.com

TABLE OF CONTENTS

Foreword CEO 3

Report on the first half year of 2025 Lavide Holding N.V 4

Consolidated statement of financial position as at 30 June 2025 6

Consolidated statement of comprehensive income for H1 2025 7

Consolidated statement of changes in equity for H1 2025 8

Consolidated statement of cash flows for the period H1 2025 9

Selected disclosures 10

Lavide Holding N.V. Leidsevaartweg 99

2106 AS Heemstede

Website: https://www.lavideholding.com

Contact email: contact@lavideholding.com

Lavide Holding N.V. is listed on Euronext Amsterdam

‌Foreword CEO

Heemstede, 7 August 2025

Dear shareholders,

On behalf of the entire organization, it is my pleasure to present to you the half-year report for 2025 of Lavide Holding N.V. ("Lavide" or the "Company").

We are proud of the progress achieved over the first six months of the year, as we continued building a solid foundation for Lavide's long-term growth.

Following the successful completion and shareholders' adoption of the 2023 and 2024 audits by EY Accountants B.V. ("EY"), Lavide was removed from the Euronext penalty bench and allowed back to the main market thus restoring its full eligibility to issue new shares. This was an important milestone in the Company's plan for the remainder of the year.

This progress enabled us to initiate a private placement, currently open to a selected group of investors, in collaboration with Baker McKenzie. The placement marks Lavide's transition from laying the foundation to growth, as we begin actively executing our vision as an investment holding within the Dutch capital markets ecosystem.

We look forward to the months ahead. Thijs Groeneveld

CEO, Lavide Holding N.V.

‌Report on the first half year of 2025 Lavide Holding N.V. Implementation of business plans on schedule

Following the publication of the Investor Update of 31 March 2025, the management of Lavide Holding has been able to take important steps for the further development of the company.

The Investor Update was published on the day the audited financial statements for 2023 were made public, and these financial statements were adopted by the shareholders' meeting on 12 May 2025.

Thereafter, management moved forward energetically to complete the audit for the 2024 financial statements in time. Those financial statements for FY2024 were made public on 25 April 2025. The 2024 financial statements were adopted at the shareholders' meeting on 11 June 2025.

Euronext Amsterdam, given the proper compliance with the disclosure requirements, announced on 9 May 2025 by means of a market notice that Lavide Holding had been removed from the penalty bench.

As announced in the Investor Update, Lavide Holding secured working capital financing amounting to EUR 1.5 million in early May 2025.

Lavide Holding has prepared the follow-on steps for the company in the first half of 2025. These will assume independent investments by the company which will be financed with further share capital to be raised.

Lavide Holding had no turnover or other income in the first half year of 2025.

Forecast and going concern

Lavide Holding aims to realise further issues of its shares in the second half of 2025. It is expected that during the second half year, the company will start generating its first revenues. However, it is also expected that in the second half year 2025, the company's costs will exceed its income. The management of Lavide Holding expects that no profit allocation decision can be made for the year 2025.

Furthermore, the Board of Directors notes that in H1 2025 the Company:

  • Did not generate any revenues, as business operations have yet to commence,

  • Has determined that it operates in a single segment. As such, no separate segment information is presented,

  • Is in the process of developing governance policies as part of the private placement and prospectus,

  • Has not yet publicly announced the selection of any specific investments, and as such prospective investors have limited basis on which to evaluate the possible merits or risks of a transaction,

  • Partially complies with the best practice provisions of the Dutch Corporate Governance Code,

  • Notes that the business model and the value of the shares may be affected by geopolitical and other economic, political, and societal developments,

  • Acknowledges that its success is dependent upon a small group of individuals and other key personnel.

Despite this, Lavide's Management has decided to prepare this semi-annual report on a going concern basis. The Board of Directors further declares that, to the best of their knowledge, the interim financial statement for H1 2025 give a true and fair view of the assets, liabilities, financial position, and profit or loss of the Company, and the interim management report includes a fair review of the information required pursuant Article 5:25d of the Dutch Financial Supervision Act.

For further information:

Lavide Holding N.V. Thijs Groeneveld (CEO)

contact@lavideholding.com

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