Prosegur Cash S A : Other relevant information - La sociedad remite información financiera del primer semestre de 2026 (Half-yearly financial reports and audit reports/limited audit review) - Semi-annual report in english

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//t/ PROSEGUR CASH Condensed interim consolidated financial statements for the six-month period ended 30 June 2026 (Free translation for the original in Spanish. I n the event of discrepancy, the Spanish-language version prevails). Prosegur Cash, S.A. and subsidiaries Table of contents CONSOLIDATED INCOME STATEMENT - EXPENSE BY FUNCTION 4 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 5 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 6 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 7 CONSOLIDATED STATEMENT OF CASH FLOWS 9 EXPLANATORY NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL 10 STATEMENTS General information 10 Basis for presentation, estimates made and accounting policies 11 Changes to the Group's structure 13 Events occurred s ince the end of 2025 14 Cost of sales and administration and sales expens es 17 Employee benefits expenses 18 Other income and expens es 18 Net finance costs 20 Segment reporting 20 Property, plant and equipment, goodwill and other intangible assets 23 Property, plant and equipment 23 Goodwill 24 Right-of-use 25 Other intangible assets 26 Investments accounted for using the equity method 27 Non-current financial ass ets and other current financial assets 30 Cash and cash equivalents 31 Inventories 31 Equity 32 Share capital and Share premium 32 Own shares 32 Cumulative translation differences 33 Earnings per share 34 Non-controlling interests 34 Dividends 34 Provisions 35 Financial liabilities 39 Taxation 42 Contingencies 47 Business combinations 48 Goodwill added in 2026 48 Goodwill added in 2025 whose valuation is being reviewed in 2026 48 Goodwill added in 2025 and not modified in 2026 48 Balances and trans actions with related parties 49 Average headcount 51 Events after the statement of financial position 51 APPENDIX I. - Summary of the main accounting policies 52 Directors' interim report 53 ‌CONSOLIDATED INCOME STATEMENT - EXPENSE BY FUNCTION (In thousands of Euros) Six-month period ended 30 June Note 2026 2025 Revenue 9 1,000,754 1,005,095 Cost of sales 5, 6 (665,976) (654,798) Gross profit/loss 334,778 350,297 Other income 7 6,073 10,968 Administration and sales expenses 5, 6 (242,722) (260,386) Other expenses 7 (2,340) (1,717) Equity accounted for using the equity method 11 5,024 2,012 Operating profit/loss (EBIT) 100,813 101,174 Finance income 8 8,551 7,151 Finance expenses 8 (25,915) (21,641) Net finance costs (17,364) (14,490) Profit/loss before tax 83,449 86,684 Income tax 18 (34,987) (39,121) Profit/loss after tax from ongoing operations 48,462 47,563 Consolidated profit/loss for the period 48,462 47,563 Attributable to: Owners of the parent company 46,332 45,940 Non-controlling interests 2,130 1,623 Earnings per share from ongoing operations attributable to the owners of the parent company (Euros per share) - Basic 15.4 0.03 0.03 - Diluted 15.4 0.03 0.03 Notes on pages 10 to 51 form an integral part of these condensed interim consolidated financial statements. ‌CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (In thousands of Euros) Six month period ended 30 June 2026 2025 Profit/loss for the period 48,462 47,563 Other comprehensive income: Items that are going to be reclassified to profit/loss Translation differences for foreign operations 49,326 (60,343) 49,326 (60,343) Total comprehensive income for the period, net of tax 97,788 (12,780) Attributable to: - Owners of the parent company 95,794 (13,623) - Non-controlling interests 1,994 843 97,788 (12,780) Notes on pages 10 to 51 form an integral part of these condensed interim consolidated financial statements. ‌CONSOLIDATED STATEMENT OF FINANCIAL POSITION (In thousands of Euros) ASSETS Note 30 June 2026 31 December 2025 Property, plant and equipment 10 391,876 373,572 Goodwill 10 465,940 467,840 Right-of-use 10 88,996 87,649 Other intangible assets 10 221,264 234,949 Investments accounted for using the equity method 11 28,472 22,704 Non-current financial assets 12 21,720 20,134 Deferred tax assets 50,185 47,976 Non-current assets 1,268,453 1,254,824 Inventories 14 29,061 25,667 Clients and other receivables 395,952 333,974 Receivables with Prosegur Group 21 36,130 32,486 Current tax assets 46,884 59,536 Other financial assets 12 21,449 19,833 Cash and cash equivalents 13 489,382 1,019,741 Current assets 1,018,858 1,491,237 Total assets 2,287,311 2,746,061 EQUITY Share capital 15 29,465 29,698 Share premium 15 33,134 33,134 Own shares 15 (8,077) (16,648) Translation differences (638,189) (687,651) Retained earnings and other reserves 792,223 817,273 Equity attributed to holders of equity instruments of the parent 208,556 175,806 company Non-controlling interests 46,026 44,298 Total equity 254,582 220,104 LIABILITIES Financial liabilities 17 732,204 705,701 Long-term lease liabilities 10 66,500 64,603 Deferred tax liabilities 54,858 63,883 Provisions 16 91,117 86,284 Non-current liabilities 944,679 920,471 Suppliers and other payables 353,872 339,050 Current tax liabilities 59,610 71,660 Financial liabilities 17 515,963 1,098,651 Short-term lease liabilities 10 30,329 34,371 Payables with Prosegur Group 21 104,617 44,408 Provisions 16 2,499 4,120 Other current liabilities 21,160 13,226 Current liabilities 1,088,050 1,605,486 Total liabilities 2,032,729 2,525,957 Total equity and liabilities 2,287,311 2,746,061 Notes on pages 10 to 51 form an integral part of these condensed interim consolidated financial statements. ‌CONSOLIDATED STATEMENT OF CHANGES IN EQUITY PERIOD ENDED 30 JUNE 2026 (In thousands of Euros) Equity attributed to holders of equity instruments of the parent company Capital (Note 15) Share premium (Note 15) Own shares (Note 15) Translation differences Retained earnings and other reserves Total Non- controlling interests Total equity Balance at 1 January 2026 29,698 33,134 (16,648) (687,651) 817,273 175,806 44,298 220,104 Total comprehensive income for the period ended 30 June 2026 - - - 49,462 46,332 95,794 1,994 97,788 Capital reduction (Note 15) (233) - 8,000 - (7,767) - - - Dividends (Note 15) - - - - (62,465) (62,465) - (62,465) Accrued share-based incentives - - 571 - (1,331) (760) - (760) Other changes - - - - 181 181 (266) (85) Balance at 30 June 2026 29,465 33,134 (8,077) (638,189) 792,223 208,556 46,026 254,582 Notes on pages 10 to 51 form an integral part of these condensed interim consolidated financial statements. PERIOD ENDED 30 JUNE 2025 (In thousands of Euros) Equity attributed to holders of equity instruments of the parent company Capital (Note 15) Share premium (Note 15) Own shares (Note 15) Translation differences Retained earnings and other reserves Total Non- controlling interests Total equity Balance at 1 January 2025 29,698 33,134 (9,107) (631,320) 800,300 222,705 41,132 263,837 Total comprehensive income for the period ended 30 June 2025 - - - (59,563) 45,940 (13,623) 843 (12,780) Dividends (Note 15) - - - - (62,960) (62,960) - (62,960) Accrued share-based incentives - - 240 - 287 527 - 527 Purchase of own shares - - (6,036) - - (6,036) - (6,036) Other changes - - - - (5,330) (5,330) 731 (4,599) Balance at 30 June 2025 29,698 33,134 (14,903) (690,883) 778,237 135,283 42,706 177,989 Notes on pages 10 to 51 form an integral part of these condensed interim consolidated financial statements. ‌CONSOLIDATED STATEMENT OF CASH FLOWS (In thousands of Euros) Six month period ending at 30 June Note 2026 2025 Cash flows from operating activities Profit/(Loss) of the period 48,462 47,563 Adjustments for: Depreciation and amortisation 5, 10 71,868 69,350 Impairment losses on trade receivables and inventories 7 1,187 1,137 Investments accounted for using the equity method (5,024) (2,012) Changes in provisions 16 7,542 (13,599) Finance income 8 (11,097) (6,737) Finance expenses 8 28,461 27,501 Income tax 18 34,986 39,121 Other income (4,318) (533) Changes in working capital, excluding the effect of acquisitions and translation differences Inventories (3,171) (10,767) Clients and other receivables (21,684) (23,858) Suppliers and other payables (6,564) 15,945 Payments of provisions 16 (12,470) (25,926) Other liabilities 1,838 2,284 Cash generated from operations Interest payments (12,839) (16,545) Income tax paid (37,990) (51,406) Net cash generated from operating activities 79,187 51,518 Cash flows from investing activities Interest received 3,038 1,368 Proceeds from transactions with associates 11 14,718 - Payments for the purchase of property, plant and equipment 10 (30,546) (20,484) Payments for the purchase of intangible assets 10 (6,492) (13,230) Payments for and proceeds from financial assets 12 (4,976) (5,220) Proceeds from the sale of property, plant and equipment (5,026) 1,042 Net cash generated from investing activities (29,284) (36,524) Cash flows from financing activities Payments from the issue of own shares and equity instruments Payments from debentures and other negotiable securities 15 - (600,000) (6,036) - Proceeds from bank borrowings 166,151 467,334 Payments from bank borrowings (121,170) (308,359) Payments from other debts (5,673) (7,282) Payments from lease liabilities (22,537) (22,542) Paid dividends 4 and 15 (2,037) (513) Net cash generated from financing activities (585,666) 122,602 Net increase (decrease) in cash and cash equivalents (535,363) 137,596 Cash and cash equivalents at the beginning of the year 1,019,741 551,275 Effect of exchange differences on cash 5,004 (12,711) Cash and equivalents at the end of the year 489,382 676,160 Notes on pages 10 to 51 form an integral part of these condensed interim consolidated financial statements. ‌EXPLANATORY NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS ‌General information Prosegur Cash Group (hereinafter, "Prosegur Cash" or the "Cash Group") is a business group made up of Prosegur Cash, S.A. (hereinafter, "the Company") and its subsidiaries (together, Prosegur Cash or Cash Group) which provides securities logistics, cash management and other value-added services in the following countries: Spain, Portugal, Germany, Italy, Andorra, Cyprus, Czech Republic, Luxembourg, the United Kingdom, Sweden, Finland, Denmark, France, Austria, the United States, Argentina, Brazil, Chile, Peru, Uruguay, Paraguay, Colombia, the Dominican Republic, the Philippines, Singapore, New Zealand, Iceland, the Netherlands, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Ecuador, Mexico, India, Indonesia and Australia. The Cash Group is organised into the following geographical areas: Europe LATAM Rest of the world (AOA) The services provided by the Cash Group are distributed into the following business lines: Transport Cash management Transformation Products Prosegur Cash, S.A. is a subsidiary controlled by the Spanish company Prosegur Compañía de Seguridad, S.A. (hereinafter, Prosegur or the Prosegur Group), which currently owns 82.37% of its shares. Accordingly, the Prosegur Group consolidates the Prosegur Cash Group in its financial statements. The registered offices of Prosegur Cash, S.A. are at Calle Santa Sabina, 8, Madrid (Spain). Prosegur is under the control of Gubel, S.L. and Yirayira International S.L., which own 65.09% and 8.04%, respectively, of the shares in Prosegur Compañía de Seguridad S.A. The corporate purpose of Prosegur Cash is to provide the following services through companies focusing on the Cash business: national and international transport services (by land, sea and air) of funds and other valuables (including jewellery, artworks, precious metals, electronic devices, voting ballots, legal evidence), including collection, transport, custody and deposit services; processing and automation of cash (including counting, processing and packaging), as well as coin recycling, cash flow control and monitoring systems; comprehensive ATM and network management solutions (including planning, loading, monitoring, first- and second-tier maintenance and balancing services); cash planning and forecasting for financial entities; Cash-Today (including cash machines, cash deposit machines, recycling and coin and bill dispensing services); and custody services for cryptocurrency and other securities; until 31 March 2026, added-value outsourcing services (AVOS) in several countries for banks (including outsourcing of teller services, multi-agency services, cheque processing and related administrative services), correspondent banking activities (collection and payment management and payment of invoices, among others), foreign exchange services (also includes international payment services and online foreign currency) and Prosegur Crypto services for the purchase, sale and custody of tokenised gold, as well as cryptocurrency custody services. The individual and consolidated annual accounts of Prosegur Cash, S.A. for 2025 were approved by the Shareholders General Meeting of 29 April 2026. Structure of Prosegur Cash Prosegur Cash, S.A. is the parent company of a Group made up of subsidiaries, listed in Appendix I of the Notes to the Consolidated Annual Accounts at 31 December 2025. Likewise, Prosegur Cash has Joint Arrangements and associates in place (Note 15 and Appendix II of the Notes to the Consolidated Annual Accounts at 31 December 2025). Details of the principles applied to prepare the Prosegur Cash Consolidated Annual Accounts and define the consolidation scope are provided in Note 32.2 and Note 2 to the Consolidated Annual Accounts at 31 December 2025. ‌Basis for presentation, estimates made and accounting policies These condensed interim consolidated financial statements of Prosegur Cash, for the six-month period ended 30 June 2026, have been prepared in accordance with IAS 34 "Interim Financial Reporting". In accordance with the provisions of IAS 34, interim financial reporting is prepared solely with the intention of updating the content of the latest Consolidated Annual Accounts prepared by Prosegur Cash, emphasising the new activities, events and circumstances that occurred during the six-month period ended 30 June 2026, and not duplicating the information previously published in the Consolidated Annual Accounts for 2025. Therefore, and for a proper understanding of the information included in these condensed interim consolidated financial statements, they should be read together with Prosegur Cash Consolidated Annual Accounts for the year ended 31 December 2025, which were prepared in accordance with International Financial Reporting Standards (IFRS), adopted for use in the European Union and approved by the current European Commission Regulations and other applicable financial reporting regulations (IFRS-EU). Significant changes in accounting policies Except for the rest of the new standards and interpretations effective as of 1 January 2026, described in Appendix I, the accounting policies applied in these condensed interim consolidated financial statements at 30 June 2026 are consistent with those applied in the preparation of Prosegur Cash Consolidated Annual Accounts at 31 December 2025, the detail of which is included in Note 32 of said Consolidated Annual Accounts. Additionally, as indicated in Appendix I, IFRS 18 introduces, among other changes, three new requirements to improve companies' reporting of their financial performance and provide investors with a better basis for analysing and comparing companies. It improves the comparability of the statement of financial performance by introducing three new categories: operating, investing and financing; It provides greater transparency of Management-defined performance measures by introducing new guidelines and breakdowns; It provides guidance to provide a more useful grouping of information in the financial statements. The Cash Group is analysing the impact that IFRS 18 will have on its consolidated financial statements from 1 January 2027, and, although the changes will affect specific breakdowns in the Annual Accounts, the Consolidated Statement of Financial Position, and the Consolidated Statement of Cash Flows, the Cash Group estimates that the biggest changes due to the adoption of the Standard will occur in the Consolidated Income Statement, which will include new categories that will be classified among operating, investing and financing results. The Cash Group is mainly assessing the classification of the following items among the different categories of the Income Statement: Profits/(losses) of the year, regarding investments accounted for using the equity method; Breakdown of the other income and other expenses item and classification among the different categories, if applicable; Classification of positive and negative exchange differences among the categories of operating, investing or financing results, depending on their origin; Breakdown of the finance expenses item by nature; Classification of expenses and income derived from the net monetary position; Classification of dividend income and income from property investments. Estimates, assumptions and relevant judgements The preparation of the condensed interim consolidated financial statements, in accordance with IFRS-EU requires the application of relevant accounting estimates and the undertaking of judgements, estimates and assumptions in the process for application of the Prosegur Cash accounting policies and valuation of the assets, liabilities and profit and loss. The tax expense for Corporate Income Tax for the six-month period ended 30 June 2026 is calculated based on the best estimate of the effective tax rate that the Cash Group expects for the annual period and the recoverability of recognised deferred tax assets. Comparative information For comparative purposes and for each item in the consolidated statement of financial position, in the consolidated income statement, in the consolidated statement of comprehensive income, in the consolidated statement of cash flows, in the consolidated statement of changes in equity and in the notes to the condensed interim consolidated financial statements, in addition to the consolidated figures for the six-month period ended 30 June 2026, the condensed interim consolidated financial statements show those for the same period of the previous year, except for the consolidated statement of financial position which shows the consolidated figures for the twelve-month period ended 31 December 2025. At 30 June 2026, the Cash Group has a negative working capital of EUR 69,192 thousand (EUR 114,249 thousand negative working capital at 31 December 2025). This change compared to the working capital at 31 December 2025 is due to the reclassification from non-current liabilities to current liabilities of the financial debt held by the Cash Group from the issuance of uncovered bonds maturing in February 2026. ‌Changes to the Group's structure In Appendix I to the Consolidated Annual Accounts for the year ended 31 December 2025, relevant information is provided on the Group companies that were consolidated at that date. During the first six months of 2026, the following companies have been incorporated and wound up: In January 2026, Prosegur Logistik Management GmBH was incorporated in Germany. In February 2026, Prosegur Cash Management GmBH was incorporated in Germany. In February 2026, Prosegur Logistik Management GmBH & Co KG was incorporated in Germany. In February 2026, Prosegur Cash GmBH & Co KG was incorporated in Germany. In March 2026, Fideicomiso Financiero Individual Prosegur Digital Gold was incorporated in Argentina. In April 2026, Planopliafigurada Unipessoal LDA was incorporated in Portugal. In March 2026, Blindados SRL was wound up in Uruguay. Sale of VN Group in Argentina and Paraguay to Prosegur Group On 31 March 2026, Prosegur Cash formalised the sale and transfer of 100% of the shares in the companies V.N. Global BPO S.A. (Argentina) and VN Global Paraguay S.A. to Prosegur Compañía de Seguridad, S.A. and another group company, as a means for the acquisition by said entities of the so-called added-value outsourcing services (AVOS) business for financial institutions and insurance companies in Argentina and Paraguay. Both operations are part of a single economic and legal transaction and have been contractually structured as interdependent. The company value agreed for the operations as a whole amounted to EUR 16,367 thousand for the Argentina company and EUR 3,414 thousand for the Paraguayan company at the time of the transaction. The transaction responds to the strategic decision, independently adopted by Prosegur Cash to better achieve its business objectives, to monetise and enhance the value of the transferred businesses, freeing up resources to allocate them to investment opportunities with a stronger strategic fit and which are a priority in the capital allocation of Prosegur Cash Group and to the reduction of debt, and it culminates the divestment process, initiated in 2021, of most of the added-value outsourcing services (AVOS) business, within the framework of the sale by Prosegur Cash to Prosegur Group of certain areas of said business in Spain, as well as the associated technology, communicated to the market in March 2021. The transaction has been reviewed by the Prosegur Cash Audit Committee which has confirmed that it is fair and reasonable from the Company's point of view and from the various Prosegur Group non-controlling shareholders. Likewise, Kroll Advisory S.L. has issued an independent valuation report addressed to the Company's Board of Directors in which it has determined a valuation range for the companies subject to the transfer. ‌Events occurred since the end of 2025 In addition to what is reflected in Note 3 on the changes to the structure of the Cash Group, the most relevant transactions and events that occurred during the first six months of 2026 are detailed below: Geopolitical uncertainties Macroeconomic outlook During the first half of 2026, the global macroeconomic environment has been marked by a significant increase in uncertainty, stemming mainly from the intensification of geopolitical tensions in the Middle East. In particular, the conflict that began in late February is having a significant impact on energy markets, even causing interruptions in maritime traffic through the Strait of Hormuz and generating disruptions in the supply of oil and gas. These tensions are translating into a rebound in energy and other raw material prices, with direct effects on inflation expectations and global financial conditions. Although actions for the de-escalation of the conflict have been taken by the parties involved during the first six months, central banks maintain a prudent stance due to the persistence of inflationary risks associated with the volatility of energy markets. Despite this scenario of high uncertainty, global economic activity has shown resilience, supported by factors such as the strength of domestic demand in certain economies and the boost in investment, especially in technology sectors. Nevertheless, the outlook remains dependent on how geopolitical conflicts evolve and their potential impact on market growth and stability, in an environment where the expectation of a progressive normalisation persists if the resolution of the current tensions takes hold. Consequently, the Cash Group's results have shown a positive trend during the first six months of 2026, driven by: Overall, steady business growth in local currency in all regions, with a particular increase in the AOA region; Growth of transformation products; Continuous search for alternatives to improve the Group's financing structure. At 30 June 2026, fixed-rate debt as a proportion of total bank debt is 63% and variable-rate debt is 37% (43% and 57% at 2025 year-end, respectively). Lastly, regarding the other existing armed conflicts in Ukraine and the Middle East, international pressure continues in an effort to force the parties involved to negotiate, but it is not known to what extent or for how long they will remain active. For this reason, the Cash Group continues to constantly monitor the macroeconomic and business variables that give it the best estimate of the potential associated impacts. Currency risk More than two and a half years after the arrival of the new government, Argentina remains in a process of macroeconomic stabilisation. The country has managed to maintain a fiscal surplus and a prudent monetary policy, and progress has been made towards greater exchange rate flexibility. During the first half of 2026, the impacts on the interim consolidated financial statements of the Cash Group arising from the economic situation in Argentina were as follows: Exchange rate changes: The total sales figure of the Group amounted to EUR 1,000,754 thousand in 2026 (EUR 1,005,095 thousand in the first half of 2025). Turnover, translated into euros, generated in countries with a functional currency other than the euro, and therefore exposed to exchange rate fluctuations, amounted to EUR 704,885 thousand (EUR 723,866 thousand in the first half of 2025). Hyperinflation and devaluation: Hyperinflation reached 16.97% in the first half of 2026 (15.30% in the same period in 2025), while the appreciation of the Argentine peso against the euro was approximately 3.3% (devaluation of 30.9% in 2025). Capital reduction On 10 February 2026, a deed was registered in the Companies Registry of Madrid relating to the reduction of capital through the redemption of 11,678,000 own shares of the Company, each with a nominal value of EUR 0.02, thus reducing the share capital by EUR 233,560, from EUR 29,698,260.74 to EUR 29,464,709.74. The resulting share capital is represented by 1,473,235,487 ordinary shares of a single class and series, each with a nominal value of EUR 0.02 (Note 15). The capital reduction was carried out without refund of contributions and was made against free reserves by provisioning an unavailable voluntary reserve for the same amount as the capital reduction (that is EUR 233,560), in accordance with article 355 (c) of the Spanish Companies Act. Sustainability These condensed interim consolidated financial statements have been prepared taking into account the provisions of the informative documents issued by the International Accounting Standards Board (IASB) in November 2020 and in July 2023, which include information requirements in relation to climate change. During the first three months of 2026, the Cash Group has continued to make progress in integrating ESG (Environmental, Social and Governance) criteria as an essential part of its corporate culture and responsible management model. These three pillars - environment, social commitment and good governance - continue to gain a presence in the Group's management and reinforce its long-term sustainability. The actions carried out in this period have been mainly aimed at enhancing environmental responsibility in the provision of services, promoting decent and stable employment, encouraging the continuous training of employees, ensuring the health and safety of professional teams, preserving human rights and maintaining the highest standards of regulatory compliance and good corporate governance. This commitment was endorsed by the renewal, in 2025, of the highest rating (G++) in AENOR's good governance certification, a recognition that attests to the strength of the Group's governance system. Likewise, during 2026, the Board of Directors has continued to review and update the Company's internal regulatory framework with the aim of reinforcing best corporate governance practices, approving the updates to the Tax Strategy Policy, the Information Security and Cybersecurity Policy, the Policy on Communication with Shareholders, Institutional Investors and Proxy Advisors, the Corporate Governance Policy, the Shareholder Remuneration Policy, the Policy for the Selection of Candidates for Directors, and the Financial Investment Policy. The Cash Group continues to work on implementing policies that consolidate a corporate culture based on transparency, responsible innovation and proactive risk management. In the environmental sphere, the Cash Group maintains a firm commitment to the progressive reduction of its emissions in the medium and long term. It should be noted that, due to the nature of its activity - focused on the provision of services and not on transformation or manufacturing -, the Cash Group's operations do not generate a significant environmental impact, nor do they constitute a factor accelerating climate change or a threat to biodiversity. Likewise, it is worth highlighting that Prosegur Cash has been included for the first time in Standard & Poor's 2026 sustainability yearbook. Lastly, it should be noted that Prosegur Cash was included in Forbes' prestigious list as one of the 100 best companies to work for in Spain, and, additionally, was incorporated into the Ibex Gender Equality index. For all the reasons mentioned above, as of the date these condensed interim consolidated financial statements were prepared, there is no obligation requiring the establishment of an environmental provision. ‌Cost of sales and administration and sales expenses The main cost of sales and administration and sales expenses in the consolidated income statement for the six-month periods ended 30 June 2026 and 2025 are as follows: Thousands of Euros Period ended 30 June 2026 2025 Supplies 48,667 47,301 Employee benefits expenses (Note 6) 418,870 427,169 Operating leases 4,844 2,780 Supplies and external services 103,457 97,224 Depreciation and amortisation 29,802 25,482 Other expenses 60,336 54,842 Total cost of sales 665,976 654,798 Thousands of Euros Period ended 30 June 2026 2025 Supplies 893 711 Employee benefits expenses (Note 6) 75,217 73,883 Operating leases 32,189 36,096 Supplies and external services 39,879 41,442 Depreciation and amortisation 42,066 43,868 Other expenses 52,478 64,386 Total administration and sales expenses 242,722 260,386 During the first six months of 2026, the cost of sales and administration and sales expenses increased compared to the same period of the previous year, mainly due to the increase in supplies, depreciation of property, plant and equipment, and other external services expenses. Total supplies in the consolidated income statement for the six-month period ended 30 June 2026 amount to EUR 49,560 thousand (June 2025: EUR 48,012 thousand). Within the supplies category, costs totalling EUR 5,564 thousand are recorded for the Corban business in Uruguay (compared to EUR 4,284 thousand in June 2025). The heading on Other expenses mainly includes insurance costs, freight and transport costs, costs for uniforms, travel, training and medical expenses of personnel, costs for taxes, costs for claims not covered by insurance, as well as costs for the acquisition of minor equipment and other minor items. The heading on Supplies and external services includes the costs for the repair of items of transport, bill-counting equipment, operating subcontracts with third parties and other advisors such as lawyers, auditors and consultants. The costs for operating leases by right-of-use corresponding to contracts for a period equal to or less than one year and to lease contracts of low value assets for an amount equal to or less than USD 5 thousand are included under the heading on Operating leases. The remaining contracts are included in the heading on Right-of-use (Note 10.3). The heading on Other expenses, under administration and sales, mainly includes expenses for management support services and trademark usage expenses for EUR 19,514 thousand and EUR 18,137 thousand, respectively (June 2025: EUR 24,579 thousand and EUR 17,704 thousand, respectively) (Note 21). ‌Employee benefits expenses Details of employee benefits expenses for the six-month periods ended 30 June 2026 and 2025 are as follows: Thousands of Euros Period ended 30 June 2026 2025 Wages and salaries 380,625 385,614 Social Security expenses 78,987 78,967 Other employee benefits expenses 16,808 16,740 Indemnities 17,667 19,731 Total employee benefits expenses 494,087 501,052 The accrual of the long-term incentive associated with the 2021-2023 Plan, 2024-2025 Plan and the 2026-2027 Plan for the Executive President, Managing Director and the Management of the Group is included under the heading on Wages and salaries (Note 16). At 30 June 2026, the accumulated net expense amounts to EUR 1,802 thousand (EUR 1,514 thousand expense in June 2025) (Note 16). The heading on Indemnities includes the provision for occupational risks (Note 16). ‌Other income and expenses Details of Other income and expenses in the consolidated income statement for the six-month periods ended 30 June 2026 and 2025 are as follows: Thousands of Euros Period ended 30 June 2026 2025 Profit/(loss) for impairment of receivables (1,551) (1,137) Other expenses (789) (580) Total other expenses (2,340) (1,717) The line for impairment losses and reversals on trade receivables includes, at 30 June 2026, credit risks from specific clients in Germany, Spain and Colombia. Thousands of Euros Period ended 30 June 2026 2025 Other income 6,073 10,968 Total other income 6,073 10,968 In June 2026, the "other income" item primarily reflects: positive impact in the amount of EUR 3,243 thousand from the sale of 100% of the shares in the companies V.N. Global BPO S.A. (Argentina) and VN Global Paraguay S.A. to Prosegur Compañía de Seguridad, S.A. and another group company (Note 3); the impact of the reversal of debt for business combinations carried out in previous years in the LATAM segment. Deferred contingent consideration was recorded based on estimated business plans, which included estimated operating results higher than those finally obtained. As a consequence, the Cash Group has recorded income in the amount of EUR 1,205 thousand associated with business combinations in LATAM; In June 2025, the "other income" item primarily reflects the net impact recorded from: positive impact from the payment of Transpev's debt to the Brazilian Federal Tax Authority, amounting to EUR 16,087 thousand, due to the difference between the reversal of the provision recorded in recent years for EUR 35,717 thousand and the cash payment to the Brazilian Federal Tax Authority of EUR 19,629 thousand; negative impact of EUR 7,767 thousand, arising from the agreement signed between the Cash Group and Grupo Prosegur Segurança in Brazil, whereby the Cash Group must indemnify Grupo Prosegur Segurança in Brazil for the partial payment of the debt that the latter made to the Brazilian Federal Tax Authority for proceedings related to Transpev (Notes 4 and 21), which was a debt attributable to the Cash Group. ‌Net finance costs Details of net finance costs for the six-month periods ended 30 June 2026 and 2025 are as follows: Thousands of Euros Period ended 30 June 2026 2025 Borrowing costs (15,763) (13,253) Interest received 3,137 2,217 Net (loss)/profit on foreign currency transactions 5,414 4,423 Net finance (expense)/income from the net monetary position (528) 413 Finance expenses for the update of lease liabilities (Note 10) (3,119) (2,921) Gains/(losses) due to variation in fair value of financial instruments - 98 Other expenses and net finance income (6,505) (5,467) Total net finance costs (17,364) (14,490) The main change in the financial profit/loss for the first six months of 2026 compared to the first six months of 2025 is due principally to the net effect of: Increase in interest expenses amounting to EUR 2,510 thousand; this heading includes the coupon on the bond issued by the Cash Group in 2017 amounting to EUR 600,000 thousand, and the one issued in October 2025, as well as the interest on syndicated operations and other financing. The change is mainly due to an increase in financing costs compared to the same period in 2025; Increase in interest received amounting to EUR 920 thousand, reflecting the performance of cash surplus investments; Positive impact of EUR 991 thousand from net gains on foreign currency transactions, mainly driven by Spain and Argentina; A slight increase in finance expenses for the update of lease liabilities; Negative impact on the June 2026 consolidated income statement due to the net finance expense arising from the net monetary position. At June 2025, the net monetary position represented a finance income of EUR 413 thousand. That item reflects the exposure to the change in the purchasing power of the Argentine currency; Increase in finance expenses under the heading of Other net finance income and expenses, amounting to EUR 1,038 thousand, mainly due to an increase in expenses for the monetary adjustment of court deposits associated with the labour actions open in Brazil and Argentina (Note 16). ‌Segment reporting The Board of Directors is ultimately responsible for making decisions on the Cash Group's operations and, together with the Audit Committee, for reviewing the Cash Group's internal financial information to assess performance and to allocate resources. The Board of Directors analyses the business from two perspectives: geographical and by activity. From a geographical perspective, three segments are identified: Europe, LatAm and Rest of the world (AOA), which in turn include the lines of activity identified as Transport, Cash Management and Transformation Products. The Board of Directors uses adjusted EBITA to assess segment performance, since this indicator is considered to best reflect the results of the Cash Group's different activities. Details of revenue by segments for the six-month periods ended 30 June 2026 and 2025 are as follows: Europe AOA LatAm Total Thousands of Euros at 30 June 2026 at 30 June 2025 at 30 June 2026 at 30 June 2025 at 30 June 2026 at 30 June 2025 at 30 June 2026 at 30 June 2025 Transport 136,876 137,591 64,097 65,462 273,764 282,839 474,737 485,892 % of total 41% 43% 70% 71% 47% 48% 47% 48% Cash management 81,999 80,707 4,244 4,390 81,901 92,153 168,144 177,250 % of total 25% 25% 5% 5% 14% 16% 17% 18% Transformation Products 111,382 104,794 22,975 22,761 223,516 214,398 357,873 341,953 % of total 34% 32% 25% 25% 39% 36% 36% 34% Total Sales 330,257 323,092 91,316 92,613 579,181 589,390 1,000,754 1,005,095 Income from Transport, Cash Management and Transformation Products services are recognised at the time they are provided. Segment income and expenses are composed by those deriving from the operating activities directly attributable to them and that the Board of Directors considers reasonable and which are distributed by using an analytical distribution criterion. Details of profit/loss after tax from operations broken down by segment are as follows: Europe AOA LatAm Total Thousands of Euros at 30 June 2026 at 30 June 2025 at 30 June 2026 at 30 June 2025 at 30 June 2026 at 30 June 2025 at 30 June 2026 at 30 June 2025 Sales to external clients 330,257 323,093 91,316 92,613 579,181 589,389 1,000,754 1,005,095 Other net expenses (301,550) (290,694) (78,500) (82,473) (453,047) (463,416) (833,097) (836,583) Equity losses recorded applying the 24 (134) 4,119 2,866 881 (720) 5,024 2,012 equity method EBITDA 28,731 32,265 16,935 13,006 127,015 125,253 172,681 170,524 PPE depreciation (20,795) (20,688) (5,264) (4,728) (35,233) (32,671) (61,292) (58,087) Adjusted EBITA 7,936 11,577 11,671 8,278 91,782 92,582 111,389 112,437 Amortisation of intangible assets (2,701) (2,926) (1,198) (1,345) (6,677) (6,992) (10,576) (11,263) EBIT 5,235 8,651 10,473 6,933 85,105 85,590 100,813 101,174 Net Finance Profit/loss (16,527) (12,144) (1,236) (2,262) 399 (84) (17,364) (14,490) Corporate Income Tax (6,367) (9,146) (3,354) (1,310) (25,266) (28,665) (34,987) (39,121) (17,659) (12,639) 5,883 3,361 60,238 56,841 48,462 47,563 Profit/loss after tax of ongoing operations Details of assets allocated to segments and a reconciliation with total assets at 30 June 2026 and 31 December 2025 are as follows: Europe AOA LatAm Not allocated to segments Total 30 June 2026 31 December 2025 30 June 2026 31 December 2025 30 June 2026 31 December 2025 30 June 2026 31 December 2025 30 June 2026 31 December 2025 449,856 433,219 200,900 188,070 1,028,386 976,952 97,067 107,516 1,776,209 1,705,757 - - - - - - 511,102 1,040,304 511,102 1,040,304 - - - - - - 21,720 20,563 21,720 20,563 - - - - - - 489,382 1,019,741 489,382 1,019,741 449,856 433,219 200,900 188,070 1,028,386 976,952 608,169 1,147,820 2,287,311 2,746,061 Thousands of Euros Assets allocated to segments Other non-allocated as sets Other non-current financial assets Cash and cash equivalents Details of liabilities allocated to segments and a reconciliation with total liabilities at 30 June 2026 and 31 December 2025 are as follows: Europe AOA LatAm Not allocated to segments Total 30 June 2026 31 December 2025 30 June 2026 31 December 2025 30 June 2026 31 December 2025 30 June 2026 31 December 2025 30 June 2026 31 December 2025 316,209 230,518 78,954 80,751 352,738 348,486 114,467 135,546 862,368 795,301 - - - - - - 1,170,361 1,730,656 1,170,361 1,730,656 - - - - - - 1,170,361 1,730,656 1,170,361 1,730,656 316,209 230,518 78,954 80,751 352,738 348,486 1,284,828 1,866,202 2,032,729 2,525,957 Thousands of Euros Liabilities allocated to segments Other unallocated liabilities Bank borrowings Total assets allocated to segments mainly exclude other current and non-current financial assets and cash and cash equivalents, as these are managed together by the Cash Group and include rights-of-use that have emerged as a result of the application of IFRS 16. The total liabilities assigned to segments exclude bank borrowings as the Cash Group jointly handles the financing, and they include finance lease liabilities and those arising from the application of IFRS 16. ‌Property, plant and equipment, goodwill and other intangible assets ‌Property, plant and equipment Details of changes in property, plant and equipment for the six-month periods ended 30 June 2026 and 2025 are as follows: Thousands of Euros Period ended 30 June 2026 2025 Cost Opening balances 932,590 1,013,969 Additions 41,461 20,484 Write offs due to disposals or by other means (15,761) (14,756) Exit from the scope (5,403) - Transfer to right-of-use (Note 10.3) (2,642) - Translation differences 70,630 (32,688) Closing balances 1,020,875 987,009 Accumulated depreciation Opening balances (559,018) (612,102) Write offs due to disposals or by other means 6,030 13,792 Provisions charged against the income statement (34,850) (33,115) Exit from the scope 4,391 - Translation differences (45,693) 15,429 Transfer to right-of-use (Note 10.3) 141 - Closing balances (628,999) (615,996) Opening balances 373,572 401,867 Closing balances 391,876 371,013 During the first half of 2026, investments in property, plant and equipment made by the Cash Group came to EUR 41,461 thousand (at 30 June 2025: EUR 20,484 thousand). These investments mainly correspond to: Cash automation equipment installed at clients amounting to EUR 23,072 thousand (EUR 12,841 thousand in June 2025), most notably in Brazil; Acquisitions and upgrades of bases, other facilities, and armoured vehicles in Argentina, Brazil, Chile, Colombia, Spain, Paraguay, Peru, and Uruguay, totalling EUR 11,762 thousand (compared to EUR 3,936 thousand in June 2025); The refurbishment of spaces and purchase of equipment for the foreign exchange business, amounting to EUR 919 thousand (EUR 1,249 thousand in June 2025). No assets are subject to restrictions on title or pledged as security for particular transactions at 30 June 2026. ‌Goodwill Details of changes in goodwill for the six-month period ended 30 June 2026 are as follows: Thousands of Euros 2026 Net carrying amount at 31 December 2025 467,840 Exits from the scope (12,749) Translation differences 10,849 Net carrying amount at 30 June 2026 465,940 The Cash Group tests goodwill for impairment at the end of each reporting period, or earlier if there are indications of impairment, in accordance with the accounting policy described in Note 32.10 of the Consolidated Annual Accounts at December 2025. At 30 June 2026, there were no elements indicating impairment with respect to recognised goodwill. Details of changes in goodwill for the six-month period ended 30 June 2025 were as follows: Thousands of Euros 2025 Net carrying amount at 31 December 2024 488,373 Additions 129 Translation differences (19,553) Net carrying amount at 30 June 2025 468,949 The additions corresponded to the goodwill Germany GmbH in Germany (Note 3). generated from the acquisition of Prosegur Services Thousands of Euros 2025 Prosegur Services Germany GmbH 129 129 ‌Right-of-use Details of changes in rights-of-use assets for the six-month periods ended 30 June 2026 and 2025 are as follows: Thousands of Euros Period ended 30 June 2026 2025 Cost Opening balances 274,183 314,027 Additions 18,519 22,542 Exits from the scope (793) - Transfer of property, plant and equipment (Note 10.1) 2,642 - Write offs and cancellations (2,150) (30,810) Translation differences 9,525 (18,405) Closing balances 301,926 287,354 Accumulated amortisation Opening balances (186,534) (191,286) Transfer to non-current assets held for sale (141) - Provisions charged against the income statement (19,515) (19,219) Translation differences (7,328) 10,970 Write offs due to disposals or by other means - 12,634 Exits from the scope 588 - Closing balances (212,930) (186,901) Opening balances 87,649 122,741 Closing balances 88,996 100,453 Details of changes in lease liabilities for the six-month periods ended 30 June 2026 and 2025 are as follows: Thousands of Euros Period ended 30 June 2026 2025 Cost Balance at 31 December (98,974) (125,097) Additions (18,529) (22,542) Write offs and cancellations 25,811 35,397 Finance expenses (Note 8) (3,119) (2,921) Translation differences (2,260) 3,631 Exits from the scope 242 - Closing balances (96,829) (111,532) The average discount rates for the main countries affected by this standard, used for calculating the current value of the operating lease liabilities, were as follows: Average rate 1 to 3 years 3 to 5 years 5 to 10 years Germany 2.54 % 2.78 % 3.11 % Brazil 14.63 % 13.97 % 14.24 % Peru 4.40 % 4.72 % 5.07 % Argentina 31.14 % 52.80 % 78.51 % Colombia 10.27 % 11.12 % 12.33 % Chile 4.97 % 5.36 % 5.96 % Spain 3.27 % 3.41 % 3.84 % The rates have been calculated according to the life of the right of use. The Cash Group does not recognise in the balance sheet the lease liabilities and the right-of-use asset corresponding to short-term lease contracts (leases for one year or less) and lease contracts for low value assets (USD 5 thousand or less). Those exceptions have been recorded entirely under the heading on Operating leases (Note 5). ‌Other intangible assets Details of changes in intangible assets for the six-month periods ended 30 June 2026 and 2025 are as follows: Thousands of Euros 2026 2025 Cost Opening balances 493,020 509,610 Additions 8,192 13,230 Write offs (6,956) (1,359) Exit from the scope (11,566) - Translation differences 24,646 (24,724) Closing balances 507,336 496,757 Accumulated amortisation Opening balances (258,071) (239,343) Write offs 4,774 334 Provisions charged against the income statement (17,503) (17,016) Exit from the scope 3,076 - Translation differences (18,348) 6,386 Closing balances (286,072) (249,639) Net assets Opening balances 234,949 270,267 Closing balances 221,264 247,118 At June 2026, the additions mainly correspond to computer software amounting to EUR 8,192 thousand. ‌Investments accounted for using the equity method Details of the main figures of investments accounted for under the equity method at the end of 2025 are included in Note 15 and Appendix III of the Consolidated Annual Accounts for the year ended 31 December 2025. The main Joint Arrangements of the Cash Group at 30 June 2026 include the following companies: Companies operating in Spain, and other subsidiaries: LATAM ATM Solutions S.L, LATAM ATM Solutions Perú, S.A.C., and Hispronet LATAM ATM Solutions RD, S.A., 99.8% and 99.0% owned, respectively, by LATAM ATM Solutions S.L. Companies operating in Brazil: Harapay Holding S.A. and Harapay Instituição de Pagamentos S.A.; the latter is 100% owned by the former. These Joint Arrangements are structured as separate vehicles and the Cash Group has a share of their net assets. Consequently, the Cash Group has classified these shareholdings as Joint Ventures. They are equity-accounted in accordance with IFRS 11. In addition, the associates at 30 June 2026 are as follows: Companies operating in Australia: Linfox Armaguard Pty Ltd 35% owned; Prosegur Australia Pty Limited, Prosegur Hub Pty Limited, Armaguard Technology Solutions Pty Ltd, Point 2 Point Secure Pty Ltd, wholly owned by Linfox Armaguard Pty Ltd; Integrated Technology Services Pty Ltd 42.9% owned by Linfox Armaguard Pty Ltd and, Armaguard Robotics Pty Ltd wholly owned by Integrated Technology Services Pty Ltd. The Cash Group is partially represented on the Board of Directors of these companies and is involved in the operational management and financial planning and execution decisions, having significant influence but not control over them. Therefore, the Cash Group has classified these investments as associates. The equity method is applied pursuant to IAS 28 Investments in Associates and Joint Ventures. Details of changes in the investments in joint ventures accounted for under the equity method for the six-month periods ended 30 June 2026 and 2025 were as follows: Thousands of Euros 30 June 2026 30 June 2025 Balance at 1 January 22,704 18,935 Additions 1,054 196 Participation in profits/(losses) 5,024 2,012 Write offs/transfers (828) 609 Translation differences 518 (1,040) Balance at 30 June 28,472 20,712 Associates in Australia Regarding the investments in the Australian associates, the Cash Group has reviewed the recoverable amount at 30 June 2026, concluding that there have been no substantial changes compared with December 2025, and therefore, by comparison with its carrying amount, it has concluded that there are no additional indications of impairment, nor do the circumstances exist to reverse the impairments recorded. In Note 16 of the Consolidated Annual Accounts as of 31 December 2025, an estimate was made of the value of investments in Australian associates as of that date. The assumptions considered by the Cash Group's Management for each of the businesses developed were updated at 30 June 2026, as follows: Cash-in-transit and cash management business. In 2024, working groups were set up with the country's main financial entities to analyse potential changes to the current operational business model in order to lay the foundations for future operations. The main lines of analysis were to identify initiatives that financial entities can implement in their operations to contribute to additional cost reductions beyond those already foreseen in the synergies associated with the merger, to review the improvements and synergies identified at the time of the 2023 merger between Armaguard Group and the Cash Group, and to establish the basis for a new pricing model to ensure the continuity of operations. At 30 June 2026, the Australian Competition and Consumer Commission (ACCC) is still in the process of reviewing the report prepared by the independent advisor hired to assess the pricing model, as a preliminary step prior to its approval. The Australian Competition and Consumer Commission (ACCC) has requested an update to the report to determine what the impact of the pricing model will be on each of the clients, which is being prepared by the independent advisor and will likely be delivered in August 2026. Additionally, for certain customers, the terms of their current contracts-agreed by the ACCC as part of the approval of the transaction between Cash Group and Armaguard in September 2023-will expire during the second half of 2026. It is estimated that the final approval of the pricing model by the Australian Competition and Consumer Commission (ACCC) will take place in the first months of 2027. To estimate the value of the cash-in-transit and cash management business, the Cash Group's Management considered two scenarios in 2025, to which, given the described existing uncertainty, it assigned a 66% probability of occurrence for scenario 1 and a 33% probability for scenario 2, used to weight the contribution of each scenario to the estimated fair value associated with this business. The description of the two scenarios and their update at 30 June 2026, is as follows: Scenario 1: an agreement is reached to establish a new pricing mechanism that guarantees an estimated minimum profitability from June 2026; because at 30 June 2026 the Australian Competition and Consumer Commission (ACCC) is still reviewing the report on the new independent pricing mechanism, this scenario is updated and it is estimated that a preliminary agreement is reached in the second half of 2026. At 30 June 2026, this scenario has been given a 66% probability of occurrence because: Progress continues to be made towards reaching an agreement to establish an independent pricing mechanism, as the Australian Competition and Consumer Commission (ACCC) is still in the process of reviewing the report prepared by the independent advisor and has requested additional information in this regard; No client participating in the definition of the model has withdrawn from the negotiations, and there is good will to reach an agreement; Additional cost reductions and improvements and synergies required by financial entities are at a very advanced stage. Scenario 2: no agreement is reached to establish a new independent pricing mechanism, casting doubt on the sustainable continuity of the business (assigned a 33% probability). During the first half of 2026, the financial entities have made monthly monetary contributions until June 2026 that have helped cushion the impacts caused by the negative factors of the sector and have guaranteed the sustainability of the operational cash business model. As mentioned, it is expected that during the second half of 2026 the ACCC will approve the pricing model on an interim basis, from which date the model will begin to be applied with retroactive effect from 1 July 2026. Armaguard has cash and cash equivalents amounting to AUD 62,124 thousand at 30 June 2026, of which AUD 20,000 thousand have been drawn down from the credit facility with an Australian financial entity of up to AUD 45,000 thousand (leaving AUD 25,000 thousand pending drawdown at 30 June 2026), which will help to mitigate liquidity risk and, therefore, safeguard business continuity, until the pricing model is approved on an interim basis. As a result, the Cash Group maintains the valuation performed at 31 December 2025 for the cash-in-transit and cash management business. However, due to the complexity and uncertainty of the various factors influencing this valuation, the Cash Group will continue to monitor closely to enable a more accurate estimation of impacts. Automated Teller Machine (ATM) business At 30 June 2026, the estimates of cash flows and of the securing of new contracts made in December 2025 are being met, so their contribution to the estimated recoverable value of the investment accounted for by the equity method has not changed substantially compared to December 2025. ATM Maintenance, Monitoring, and Supply Business (FTS) At 30 June 2026, the estimates of cash flows and of the securing of new contracts made in December 2025 are being met, so their contribution to the estimated recoverable value of the investment accounted for by the equity method has not changed substantially compared to December 2025. Additions, write offs and other changes Additions in the six-month period ended 30 June 2026 mainly relate to a capitalisation made to the company Latam ATM Solutions S.L. Additions in the six-month period ended 30 June 2025 mainly relate to a capitalisation made to the company LATAM ATM Solutions S.L. At 30 June 2026, the Cash Group has no significant contingent liability commitments in any of the joint ventures accounted for under the equity method. ‌Non-current financial assets and other current financial assets Non-current financial assets at 30 June 2026 mainly include: Granting of loans to various external investors related to the subsidiaries of the Cash Group in Indonesia, the Philippines and El Salvador, amounting to EUR 8,933 thousand (31 December 2025: EUR 9,126 thousand). Investment in MINOS Global for the sum of EUR 3,268 thousand, a brokerage and custody company for crypto assets and digital assets, in which the Cash Group has a 30.92% share (31 December 2025: EUR 3,270 thousand). Additionally, a loan granted to MINOS Global during the first half of 2026 for the amount of EUR 1,250 thousand is included. Deposits and bonds held by the Cash Group for the amount of EUR 5,280 thousand of which EUR 1,964 thousand correspond to deposits paid in lease contracts of branches where the Cash Group provides exchange and currency services (31 December 2025: EUR 5,685 thousand and EUR 1,839 thousand, respectively). Other non-current financial provisions for EUR 2,989 thousand (EUR 2,053 thousand at 31 December 2025). At 30 June 2026, other financial assets mainly include: Collection rights with a business combination seller from previous years in Brazil in the amount of EUR 18,856 thousand (31 December 2025: EUR 16,694 thousand). Short-term and long-term deposits and guarantees and various items, amounting to EUR 2,131 thousand, mainly in Brazil (EUR 2,590 thousand at 31 December 2025). Other current financial provisions for EUR 213 thousand (EUR 549 thousand at 31 December 2025). - Additionally, at 30 June 2026, under the heading of Current financial assets in the consolidated statement of financial position, several loans granted amounting to EUR 19,905 thousand (equivalent to BRL 117,448 thousand) are included (EUR 16,103 thousand in 2025, equivalent to BRL 106,646 thousand at the exchange rate of 31 December 2025), from the Cash Group to the Brazilian company Harapay Holding S.A., which is consolidated using the equity method. The loans were signed between 2022 and 2026, and impaired loans at 30 June 2026 amount to EUR 19,656 thousand. ‌Cash and cash equivalents The detail of this heading at 30 June 2026 and 31 December 2025 is as follows: Thousands of Euros 30 June 2026 31 December 2025 Cash, banks and other cash equivalents 432,316 468,938 Current bank deposits 57,066 550,803 489,382 1,019,741 The effective interest rate on current bank deposits was 5.2% (at 31 December 2025: 4.81%) and the average term of the deposits held during the first half of 2026 was 15 days (at 31 December 2025: 29 days). As of 30 June 2026, the Cash and cash equivalents heading includes EUR 170,898 thousand, representing advance funds received from third parties that the Cash Group temporarily holds for its collection and payment management business and invoice payment services in Uruguay and Ecuador (EUR 206,529 thousand at 31 December 2025). These advance funds from third parties carry an obligation to repay them to other third parties, resulting in a corresponding financial liability of EUR 170,898 thousand (refer to Note 17 on financial liabilities). Likewise, the variation in short-term deposits with credit institutions as of June 2026 compared with December 2025 is due to the payment made by Grupo Cash in February 2026 upon the maturity of the senior unsecured bonds (Note 17). ‌Inventories Details of inventories at 30 June 2026 and 31 December 2025 are as follows: Thousands of Euros 30 June 2026 31 December 2025 Fuel and others 23,714 21,191 Operating material 3,398 2,783 Uniforms 374 368 Others 3,435 3,548 Impairment of inventories (1,860) (2,223) 29,061 25,667 Under the Operating material heading, the stock of ATMs and cash machines is primarily included. No inventories have been pledged as securities for liabilities. ‌Equity ‌Share capital and Share premium At 30 June 2026 the share capital of Prosegur Cash, S.A. was EUR 29,465 thousand (2025: EUR 29,698 thousand) and is represented by 1,473,235,487 shares (2025: 1,484,913,487 shares) with a nominal value of EUR 0.02 each, fully subscribed and paid. These shares are listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges and traded via the Spanish Stock-Exchange Interconnection System (SIBE). On 10 February 2026, a deed was registered in the Madrid Companies Registry relating to the reduction of capital through the redemption of 11,678,000 own shares of the Company, each with a nominal value of EUR 0.02, thus reducing the share capital by EUR 233,560, from EUR 29,698,260.74 to EUR 29,464,709.74. The resulting share capital is represented by 1,473,235,487 ordinary shares of a single class and series, each with a nominal value of EUR 0.02. The capital reduction was carried out without refund of contributions and was made against free reserves by provisioning an unavailable voluntary reserve for the same amount as the capital reduction (that is EUR 233,560), in accordance with article 355 (c) of the Spanish Companies Act. At 30 June 2026, the amount of the share premium totals EUR 33,134 thousand. ‌Own shares Details of changes in own shares during the first half of 2026 are as follows: Number of shares Thousands of Euros Balance at 31 December 2025 22,366,962 16,648 Capital reduction (11,678,000) (8,000) Other awards (694,635) (571) Balance at 30 June 2026 9,994,327 8,077 Buyback programme of 18 December 2024 On 18 December 2024 the Board of Directors decided to implement an own share buyback programme (the "Programme") in the terms of Regulation (EU) no. 596/2014 on market abuse and the Commission Delegated Regulation 2016/1052, making use of the authorisation granted by the Shareholders General Meeting held on 2 June 2021 (item 11 of the Agenda) for the purchase of own shares, for the purpose of redeeming them pursuant to a share capital reduction resolution which will be submitted for the approval of the next Shareholders General Meeting. The Programme applied to a maximum of 14,849,135 shares, representing approximately 1% of the Company's current share capital (1,484,913,487 shares). The Programme had the following features: Maximum amount allocated to the Programme: EUR 8,000 thousand. Maximum number of shares that can be acquired: up to 14,849,135 shares representing approximately 1% of the Company's share capital on the date of the agreement. Maximum price per share: shares were purchased in compliance with the price and volume limits established in the Regulations. In particular, the Company cannot buy shares at a price higher than the highest of the following: (i) the price of the last independent trade; or (ii) the highest current independent bid on the trading venues where the purchase is carried out. Maximum volume per trading session: in so far as volume is concerned, the Company would not purchase more than 25% of the average daily volume of the shares in any one day on the trading venues on which the purchase was carried out. Duration: the Programme had a maximum duration of one year. Notwithstanding the above, the Company reserves the right to conclude the Programme if, prior to the end of said maximum term of one year, it had acquired the maximum number of shares authorised by the Board of Directors, if it had reached the maximum monetary amount of the Programme or if any other circumstances arise that call for it. The main manager of the Programme was an investment company or a credit institution that took its decisions in relation to the timing of the purchase of the Company's shares irrespective of the Company. Delivery of own shares for long term incentives As a result of the first payment of the 2024-2025 Long-Term Incentive Plan, a total of 390,422 shares were delivered to two beneficiaries of the plan in April 2026 (212,400 shares in 2025). The rest of the shares delivered correspond to other remuneration not associated with long term Incentive Plans. ‌Cumulative translation differences The change in the balance of the cumulative translation difference at 30 June 2026 as compared to 31 December 2025 was EUR 49,462 thousand (lower negative translation differences) due to the net impacts of: Positive impact from the evolution of the different currencies, mainly arising from the appreciation of the Argentine peso and the Brazilian real; A slight positive impact from Argentina due to hyperinflation effects (IAS 29). ‌Earnings per share Bas ic Basic earnings per share are calculated by dividing the profit of the ongoing operations attributable to the owners of the parent company by the weighted average number of ordinary shares outstanding during the year, excluding own shares acquired by the Company. 30 June 2026 30 June 2025 Ongoing operations Total Ongoing operations Total Year profit attributable to the owners of the parent company 46,332 46,332 45,940 45,940 Weighted average ordinary shares in circulation 1,462,865,059 1,462,865,059 1,468,747,566 1,468,747,566 Basic earnings per share 0.0317 0.0317 0.0313 0.0313 Diluted Diluted earnings per share are calculated by adjusting the profit for the year attributable to the owners of the parent company and the weighted average number of ordinary shares outstanding by all the inherent diluting effects of potential ordinary shares. The parent company does not have different classes of partially diluted ordinary shares. ‌Non-controlling interests At 30 June 2026, the non-controlling interests of the Cash Group are: In India, 51.00% of the companies SIS Cash Services Private Limited, SIS Prosegur Holdings Private Limited and SIS Prosegur Cash Logistics Private Limited; In Spain, 4.90% of Prosegur Alpha3 Cash Labs, 10.25% of Dinero Gelt S.L., and 4.90% of Wohcash; In Brazil, 0.00% of Prosegur Brasil S.A. Transportadora de Valores; In Colombia, 7.04% of Dinero Gelt, S.A.S.; In Indonesia, 46.66% of PT Prosegur Cash Indonesia. ‌Dividends On 29 April 2026 the Shareholders General Meeting of Prosegur Cash S.A. approved the distribution of a dividend charged against voluntary reserves at the rate of EUR 0.0424 gross per share in circulation with the right to receive it on the payment date, which means a total dividend amount of EUR 62,465,184.65, to be paid in a single instalment in December 2026. ‌Provisions Details of the balance and changes under this heading for the six-month period ended 30 June 2026 are as follows: Thousands of Euros Occupational risks Legal risks Employee benefits Tax risks Other risks Total Balance at 1 January 2026 22,508 16,793 21,654 22,194 7,255 90,404 Provisions charged against the 4,295 1,131 - 897 3,285 9,608 Reversals credited to the income (625) (437) - (16) (988) (2,066) Applications (4,980) (1,134) - (298) (6,058) (12,470) Financial effect of discounting 1,649 240 - 166 44 2,099 Provisions and reversals charged to Equity - - - - 1,331 1,331 Translation differences 1,985 406 1,063 1,205 51 4,710 Balance at 30 June 2026 24,832 16,999 22,717 24,148 4,920 93,616 Non-Current 2026 24,832 16,999 22,717 24,148 2,421 91,117 Current 2026 - - - - 2,499 2,499 a) Occupational ris ks The provisions for occupational risks, which amount to EUR 24,832 thousand at 30 June 2026 (at 31 December 2025: EUR 22,508 thousand), are calculated individually based on the estimated probability of success or failure. Said probability is determined by the various attorneys that work with the Cash Group. In addition, an internal review is carried out of the probabilities assigned to each of the cases, based on past experience, in order to arrive at the definitive provision to be recorded. The provision for occupational risks is composed mainly of labour legal cases in Brazil and Argentina. In the remaining countries, they correspond to provisions for individually insignificant amounts. In the case of Brazil, claims made by ex-employees and employees of the Cash Group are included. The characteristics of labour legislation in that country result in such processes becoming drawn out, leading to a provision in 2026 of EUR 20,013 thousand (31 December 2025: EUR 18,738 thousand). In the case of Argentina, claims made by former employees and employees of the Cash Group amounting to EUR 3,147 thousand (EUR 3,080 thousand at 31 December 2025) are also included. Provisions charged to and reversals credited to the income statement are included under other expenses in cost of sales in Note 5; the monetary adjustments associated with said provision are included under other finance expenses (Note 8). Legal ris ks The provisions for legal risks, which amount to EUR 16,999 thousand (31 December 2025: EUR 16,793 thousand), correspond mainly to civil claims which are analysed on a case-by-case basis. The settlement of these provisions is highly probable, but both the value of the final settlement as well as the moment are uncertain and depend upon the outcome of the processes under way. Except in the case of Chile, there are no individually significant legal risks. The provision for legal risks is composed mainly of legal cases in Brazil and Chile. In the remaining countries, they correspond to provisions for individually insignificant amounts. In the case of Brazil, the provisioned amount corresponds to irrelevant individual amounts, totalling EUR 4,591 thousand (31 December 2025: EUR 3,976 thousand). Regarding Chile, in 2018 the Chilean National Economic Prosecutor (FNE) began an investigation into potential anti-competitive practices due to agreed actions and the exchange of sensitive commercial information between competitors between 2017 and 2018. On 7 October 2021, the FNE filed a request with the Chilean Court for Competition Defence (TDLC) for sanctions, including a fine of approximately EUR 22,000 thousand on a subsidiary of the Cash Group in Chile (as maximum penalty). Prosegur Cash filed its defence before the TDLC on 22 November 2022 and at the date of preparation of these condensed interim consolidated financial statements, the legal proceedings are still in progress, having been ordered on 18 March 2024, with the case to be accepted as evidence, and the proceedings are pending the development of this phase and the subsequent ruling by the TDLC. As a result of the formal requirement received on 7 October 2021, the Cash Group reviewed the arguments that previously led it to classify the risk as possible and in 2021 it recorded the provisions that it deemed necessary to make for hedging the likely risk of sanctions being imposed, as identified by our specialist advisors. As of 30 June 2026, the recorded amount associated with this risk in provisions for legal risks amounts to EUR 10,012 thousand (2025: EUR 9,969 thousand). Employee benefits As indicated in Note 5.2 of the Consolidated Annual Accounts for the year ended 31 December 2025, the Cash Group maintains defined benefit schemes in Germany, Brazil, Honduras, Nicaragua, El Salvador, Ecuador, India and Mexico. The actuarial valuation, carried out by qualified actuaries, of the value of the benefits to which the Company is committed is updated annually, with the last update at the end of 2025 applicable to the current period. The defined benefit schemes of Germany, India and Ecuador consist of Pension and retirement schemes, while the defined benefit scheme for Mexico consists of a seniority scheme. The Cash Group has a defined benefit scheme comprising post-employment healthcare offered to employees in Brazil compliant with local legislation (Act 9656). In addition, Honduras, Nicaragua and El Salvador have obligations, as determined by law, under defined benefit schemes arising from the termination of employment contracts by dismissal or following a mutual agreement. Tax risks The provisions for tax risks amount to EUR 24,148 thousand (31 December 2025: EUR 22,194 thousand) and mainly refer to tax risks in Brazil amounting to EUR 13,532 thousand (31 December 2025: EUR 12,249 thousand). In this regard, during the 2026 financial year, provisions were made against results for EUR 323 thousand, reversals for EUR 16 thousand and applications for EUR 290 thousand. The provisions for the remaining countries refer to provisions for individually insignificant amounts. The most representative risks arise as a result of the disparity in criteria between Prosegur Cash and the Tax Administration (Note 18). Tax risks associated with Brazil primarily stem from claims related to direct and indirect taxes, resulting from tax inspections and differences in interpretation with the tax authorities. Prosegur Cash uses "the most probable outcome" as the basis for assessing uncertain potential tax risks. The significant tax risks are assessed based on opinions and studies provided by external advisors, taking into account the most recent resolutions and jurisprudence related to the subject in question. Internal analyses are also prepared based on similar cases that have occurred in the past in Prosegur Cash or in other entities. At each close, a detailed analysis of each of the tax contingencies is made. This analysis refers to quantification, qualification and the level of provision associated with the risk. An annual letter with the respective analysis and assessment by an independent expert is used to determine these parameters in the most significant risks. On the basis of this, the level of provision is adjusted. Provisions charged to and reversals credited to the income statement are included under other expenses and other income in Note 5 and 6. Other ris ks The provisions for other risks, which amount to EUR 4,920 thousand at 30 June 2026 (31 December 2025: EUR 7,255 thousand), include multiple items. The settlement of these provisions is highly probable, but both the value of the final settlement as well as the moment are uncertain and depend upon the outcome of the processes under way. The most significant ones correspond to accruals with personnel, and the remaining correspond to risk for individually insignificant amounts: Accruals with pers onnel At 30 June 2026, the amount recorded for this item amounted to EUR 2,581 thousand (31 December 2025: EUR 5,268 thousand). These provisions include the accrued incentive in the 2024-2025 and 2026-2027 Long-Term Incentive Plans for the Executive President, Managing Director and Senior Management of the Cash Group. The third payment of the 2021-2023 Plan was paid in full in April 2026, so at 30 June 2026, there is no provision recorded for this plan. During the year, an expense charged to results of 2,786 and a reversal charged to results of EUR 984 thousand were recorded (30 June 2025: a provision of EUR 1,672 thousand and a reversal of EUR 158 thousand). Expenses are included under the heading on Wages and salaries in Note 6. During the first half of 2026, a total of EUR 5,875 thousand was paid to beneficiaries, and 1,327,852 shares were delivered, associated with the third payment of the 2021-2023 Plan and the first payment of the 2024-2025 Plan. During the first half of 2025, a total of EUR 1,375 thousand was paid to beneficiaries, and 212,400 shares were delivered, associated with the second payment of the 2021-2023 Plan. As detailed in Note 32.17 of the Consolidated Annual Accounts for the year ended 31 December 2025, the 2021-2023 Plan has been generally linked to the creation of value during the 2021-2023 period and has envisaged the payment of cash incentives, calculated for certain beneficiaries based on the share price. In the vast majority of cases, the Plan measures target achievement from 1 January 2021 until 31 December 2023 and length of service from 1 January 2021 until 30 April 2026. The 2021-2023 Plan is generally linked to the creation of value in the 2021-2023 period and envisages the payment of cash incentives, calculated for certain beneficiaries based on the share price. In the vast majority of cases, the Plan measures target achievement from 1 January 2021 until 31 December 2023 and length of service from 1 January 2021 until 30 April 2026. The 2024-2025 Plan is generally linked to the creation of value in the 2024-2025 period and envisages the payment of cash incentives, calculated for certain beneficiaries based on the share price. In the vast majority of cases, the Plan measures target achievement from 1 January 2024 until 31 December 2025 and length of service from 1 January 2024 until 31 May 2027. The 2026-2027 Plan is generally linked to the creation of value in the 2026-2027 period and envisages the payment of cash incentives, calculated for certain beneficiaries based on the share price. In the vast majority of cases, the Plan measures target achievement from 1 January 2026 until 31 December 2027 and length of service from 1 January 2026 until 31 May 2029. For the purpose of determining the value of each share to which the beneficiary is entitled, the average quotation price of Prosegur Cash shares in the Stock Exchange will be taken as reference during the last fifteen trading sessions of the month prior to the one in which the shares must be delivered. Quantification of the total incentive depends on the degree of achievement of the targets established in line with the strategic plan. ‌Financial liabilities Details of the balances of this heading under the consolidated statement of financial position at 30 June 2026 and 31 December 2025 are as follows: Thousands of Euros 30 June 2026 31 December 2025 Non-current Current Non-current Current Debentures and other negotiable securities 299,088 177,924 299,088 759,301 Bank loans 386,092 137,846 363,581 96,664 Credit accounts - 5,336 - 5,493 Advance funds received from Third parties - 170,898 - 206,529 Other payables 47,024 23,959 43,032 30,664 732,204 515,963 705,701 1,098,651 The most significant items that make up the balance at 31 December 2025 are detailed in Note 22 of the Consolidated Annual Accounts for the year ended on that date. The financial liabilities associated with the application of IFRS 16 have been recorded under the heading on Lease liabilities (Note 10) for a total amount of EUR 96,829 thousand (EUR 98,254 thousand at 31 December 2025). During the six-month period ended 30 June 2026 there has been no default or non-compliance with any agreement regarding the loans and credit facilities granted to the Cash Group. Syndicated credit facility (Spain) On 10 February 2017 Prosegur Cash arranged a five-year syndicated credit financing facility of EUR 300,000 thousand to provide the company with long-term liquidity. On 7 February 2019 this syndicated credit facility was renewed, and its maturity extended by another 5 years. In February 2020 the maturity was extended until February 2025. Additionally, in February 2021, the maturity was extended again until February 2026. In February 2025, a new credit facility was negotiated, replacing the previous one for the same amount, with a maturity in February 2030 that includes the option to extend for two additional years, and in 2026 the maturity was extended for 1 additional year. At 30 June 2026, no balance has been drawn from this credit facility (no balance was drawn at 31 December 2025). The interest rate of the drawdowns under the syndicated credit facility is equal to Euribor plus an adjustable spread based on the Company's rating. At 31 December 2025, the Cash Group complied with the covenants related to this syndicated credit facility. Debentures and other negotiable securities On 4 December 2017 Prosegur Cash, issued uncovered bonds for EUR 600,000 thousand maturing on 4 February 2026. The issue was made in the Euromarket as part of the Euro Medium Term Note Programme. On 9 October 2025, Prosegur Cash issued uncovered bonds maturing in October 2030 for the amount of EUR 300,000 thousand. The bonds were admitted to trading on the Vienna Multilateral Trading Facility (MTF). They accrue an annual coupon of 3.38% payable at the end of each year. On 4 February 2026, Prosegur Cash cancelled and repaid uncovered bonds amounting to EUR 600,000 thousand of principal, which matured on that date. The bonds traded in the secondary market, in the Irish Stock Exchange, and accrued an annual coupon of 1.38%, payable at the end of each year. Loan in Peru On 2 June 2021, the Cash Group, via its subsidiary Compañía de Seguridad Prosegur, S.A. in Peru, arranged a credit financing facility for PEN 300,000 thousand for a five-year term. In June 2026, the loan was cancelled, so there is no outstanding amount at that date. At 31 December 2025, the drawn down capital amounted to PEN 30,000 thousand (at 31 December 2025 equivalent to EUR 7,596 thousand). Loans and credit facilities in Spain On 30 May 2024, 25 June 2024 and 31 July 2024, three loans of EUR 30,000, EUR 75,000 and EUR 11,000 thousand, respectively, were arranged in Spain, with maturities ranging from four to five years. The loans bear interest at market rates. In December 2024, two loans were formalised in Spain for EUR 20,000 thousand and EUR 15,000 thousand, with maturities of three and four years, respectively. During 2025, 7 loans and a credit facility were formalised, and during 2026, 2 loans and a credit facility formalised during 2025 have been drawn down, which bear interest at market rates and have the following characteristics: Formalised and drawn down in 2025: Loan of EUR 18,000 thousand with a three-year maturity; Loan of EUR 20,000 thousand with a four-year maturity; Loan of EUR 20,000 thousand with a four-year maturity; Loan of EUR 50,000 thousand with a three-year maturity; Loan of EUR 25,000 thousand with a three-year maturity; Loan of EUR 75,000 thousand with a four-year maturity; Loan of EUR 30,000 thousand with a four-year maturity; Credit facility with a limit of EUR 80,000 thousand with maturity in two years, and extendable for an additional year; as of 30 June 2026, there is no drawn balance on this credit facility. Formalised in 2025 and drawn down in 2026: Loan of EUR 25,000 thousand with a three-year maturity; Loan of EUR 40,000 thousand with a three-year maturity; Credit facility with a limit of EUR 40,000 thousand with maturity in two years, and extendable for an additional year; as of 30 June 2026, there is no drawn balance on this credit facility. Promissory note issuance programmes In June 2026, the Cash Group formalised a promissory note programme called the Prosegur Cash 2026 AIAF Promissory Note Programme, for a maximum amount of up to EUR four hundred million at any given moment (hereinafter, the Programme). Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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