Business
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025
Plaza Centers N.V. reported a net loss of €18.0 million for the year ended December 31, 2025, a significant improvement from the €28.1 million loss in 2024, with a basic and diluted loss per share of €2.63 compared to €4.10. The company's consolidated cash position decreased to €1.85 million from €2.6 million, primarily due to general and legal expenses, while the operating loss narrowed to €0.6 million from €3.4 million. Key events included the completion of Indian tax investigations without liability, a €0.3 million settlement received from a lawsuit concerning US shopping center sales, and ongoing arbitration with Romania regarding the "Casa Radio" project, where Romania's claimed losses increased to approximately €2 billion. The company also intends to request a postponement of its bond repayments due July 1, 2026, as it anticipates being unable to meet its debt obligations with its current liquidity. Disclaimer*
About this update from Plaza Centers N.v.
31 March, 2026 PLAZA CENTERS N.V. RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025 Plaza Centers N.V. ("Plaza", the "Company" or the "Group") today announces its results for the year ended 31 December 2025. Financial highlights: · Consolidated cash position as at 31 December 2025 decreased by approximately €0.75 million to €1.85 million (31 December 2024: €2.6 million), primarily due to general and legal expenses. · Operating loss amounted to €0.6 million (31 December 2024: €3.4 million loss), reflecting lower general and legal expenses as well as additional income of €0.4 million, which offset the expenses. · Net loss of €18.0 million was recorded (31 December 2024: €28.1 million loss), mainly due to finance results on bonds, general and legal expenses. · Basic and diluted loss per share amounted to €2.63 (31 December 2024: €4.10 loss per share). Material events during the period: Tax authority investigation: On January 20, 2025 the Company announced that further to its announcement dated March 25, 2024 with regards to the search and seizure operations carried by the Indian tax authorities at the offices of Elbit Plaza India Management Services Private Limited (hereinafter: "EPIM") (which is a private company wholly owned by Elbit Plaza India Real Estate Holdings Limited), EPIM has received a tax assessment order (from the Indian Tax Authority) for the financial years 2022 - 2023 and with this the ongoing income tax investigations/assessments are completed without imposing any liability on EPIM. Update regarding update regarding a lawsuit against entities involved in the sale of U.S.A. shopping centers in 2011: On May 22, 2025 the Company announced that, further to its announcement dated June 19, 2023 regarding the filing of a claim by Plaza and Elbit Imaging Ltd. (hereinafter: "Elbit") (Plaza and Elbit shall be referred to hereinafter together as the: "Plaintiffs") against certain parties (a number of officers in Plaza and Elbit, some of the heirs of the late Moti Zisser (former controlling shareholder of Plaza and Elbit) and other parties) in relation to the Plaintiffs' transaction from 2011 for the sale of real estate assets in the US in 2011; that a mediation agreement has been reached to end the...
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