Interim report
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for the period of six months ending 30 June 2026
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Non-Audited Interim Report for the six-month period ended 30 June 2026 2 Name of the issuing entity: ASTARTA HOLDING PLC Registered office: 1 Lampousas Street, 1095, Nicosia, Cyprus Unique registration code: HE 438414 Issued share capital: EUR250,000 The regulated market on which the issued securities are traded: Warsaw Stock Exchange (Giełda Papierów Wartościowych) CONTENTS I. Interim Management Report…………………………………………………………………………..3 II. Statement by the Members of the Board of Directors and other responsible officers………………………………………………………………………………………………………………….16 III. Condensed Consolidated Financial Statements ……………………………………………..17 Condensed Consolidated Income Statement Condensed Consolidated Statement of Comprehensive Income Condensed Consolidated Statement of Cash Flows Condensed Consolidated Statement of Changes in Equity Notes to the Condensed Consolidated Financial Statements Note: These financial statements have been prepared in accordance with the international reporting standards adopted by the European Union ("IFRS"). Differences between totals and sums of the parts are possible due to rounding.
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Non-Audited Interim Report for the six-month period ended 30 June 2026 3 INTERIM MANAGEMENT REPORT The Board of Directors of ASTARTA HOLDING PLC presents its Interim Management Report to be followed by the Non -Audited, Interim Condensed Consolidated Financial Statements of the Company for the six-month period ended 30 June 2026. ECONOMIC PERFORMANCE AND FINANCIAL ANALYSIS Revenues were stable y-o-y at EUR226m in the 1H26. Export sales were EUR140m, or 62% of total revenue, compared with 61% a year earlier. Agriculture led the way, adding EUR78m, or 34% of total sales (+27% y -o-y). Sugar Production brought in EUR72m ( -10% y-o-y), or 32% of revenue; Soybean Processing - EUR51m (-7% y-o- y), or 22% of revenue; and Cattle Farming EUR25m (-15% y-o-y), or 11% of revenue. Gross profit fell by half to EUR46m, as the cost of sales rose by 10% y -o-y and the remeasurement value of crops and livestock was revised down, driven by weaker crop prices and higher costs. Consolidated EBITDA fell by 58% y-o -y to EUR34m, translating into an EBITDA margin of 15%, down from 36% a year earlier . Leaving out the effect of accounting rule IAS 41, the gross margin fell 7pp y-o-y to 27%, and the adjusted EBITDA margin eased to 22%, from 29% a year earlier. Bottom line net profit turned red at EUR14m vs EUR42m profit in 1H25. SUMMARY P&L EURk 1H25 1H26 Revenues, including 226 619 226 468 Agriculture 61 220 77 642 Sugar Production 79 493 71 556 Soybean Processing 54 598 50 716 Cattle Farming 29 268 24 869 Cost of sales, including (172 955) (190 297) Effect of FV remeasurement of AP* (23 321) (25 625) Changes in FV of BA and AP* 38 045 9 835 Gross profit 91 709 46 006 Gross profit margin 40% 20% EBIT 55 531 6 584 Depreciation and Amortisation, including 25 345 27 736 Charge of right-of-use assets 10 778 10 601 EBITDA, incl. 80 876 34 320 Agriculture 49 202 30 491 Sugar Production 14 286 2 436 Soybean Processing 6 837 3 769 Cattle Farming 12 007 (960) EBITDA margin 36% 15% Interest expense on lease liability (12 110) (12 229) Other finance costs (694) (3 257) Forex gain (110) (4 387) Net profit 42 271 (14 068) Net profit margin 19% (6%) *FV – Fair value, BA – Biological assets, AP – Agricultural produce EURk 1H25 1H26 Gross Profit, ex BA & AP remeasurement 76 985 61 796 Gross Margin, ex BA & AP remeasurement 34% 27% EBITDA, ex BA & AP remeasurement 66 152 50 110 EBITDA margin, ex BA & AP remeasurement 29% 22%
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Non-Audited Interim Report for the six-month period ended 30 June 2026 4 SUMMARY CASH FLOWS EURk 1H25 1H26 Pre-tax income 42 641 (13 222) Depreciation and amortisation 25 345 27 736 Financial interest expenses, net 745 3 173 Interest on lease liability 12 110 12 229 Changes in FV of BA and AP* (38 045) (9 835) Disposal of revaluation of AP in COR* 23 321 25 625 Forex (gain)/loss 110 4 387 Income taxes paid (2 093) (2 495) Working Capital changes (40 584) 23 387 Other 80 1 007 Operating Cash Flows 23 630 71 992 Investing Cash Flows (45 981) (27 158) Debt (repayment)/proceeds, Net 36 087 11 379 Finance interest paid (1 179) (3 832) Lease repayment (mainly land) (26 236) (25 248) Financing Cash Flows 8 672 (17 701) *FV – Fair Value, BA – Biological Assets, AP – Agricultural Produce, COR – cost of revenue 1H26 Operating Cash Flow grew to EUR72m. Operating Cash flows before Working Capital decreased by 24% y-o-y to EUR49m in 1H26. Net investment dropped to EUR27m ( -41% y -o-y) after residual investment in the protein concentrate facility and ongoing routine capex in other segments. SUMMARY BALANCE SHEET EURk 1H25 YE25 1H26 Right-of-use asset (mainly land) 120 607 125 985 138 960 Biological assets (non-current) 45 892 33 330 27 268 PP&E and other non-current assets 228 788 326 097 324 219 Inventories, including RMI* 112 398 245 070 126 339 Biological assets (current) 129 600 21 440 119 210 AR and other current assets 79 351 77 201 72 617 Cash and equivalents 30 680 40 260 69 228 Total Assets 747 316 869 383 877 841 Equity 523 026 552 893 524 770 Long-term loans 18 185 59 194 90 789 Lease liability (mainly land) 97 917 99 852 109 653 Other 7 451 16 532 13 590 Non-current liabilities 123 553 175 578 214 032 Short-term debt and similar 40 402 75 053 59 485 Current lease liability (mainly land) 26 623 32 611 29 416 Other 33 712 33 248 50 138 Current liabilities 100 737 140 912 139 039 Total equity and liabilities 747 316 869 383 877 841 EBITDA LTM 154 396 99 677 53 121 RMI* 53 601 186 305 62 355 Net debt total 152 447 226 450 220 115 ND total/EBITDA (х) 1.0 2.3 4.1 Adjusted net debt = (ND-RMI) 98 846 40 145 157 760 Adj ND/EBITDA (х) 0.6 0.4 3.0 *RMI = Total Finished Goods 1H26 Net Financial Debt (excl. lease liabilities) was at EUR81m vs EUR28m in 1H25. Total Net Debt (incl. leases) stood at EUR220m (+44% y-o-y).
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Non-Audited Interim Report for the six-month period ended 30 June 2026 5 AGRICULTURE Share in consolidated revenues: 34% Segment revenues: EUR78m Export sales (value): 74% SALES VOLUMES OF KEY CROPS AND REALIZED PRICES 1H25 1H26 kt EUR/t kt EUR/t Corn 151 214 197 204 Wheat 7 195 82 193 Sunseeds 16 633 31 609 Rapeseeds 0 - 3 438 Soybeans 40 417 0.4 786 FINANCIAL RESULTS EURk 1H25 1H26 Revenues, incl. 61 220 77 642 Corn 32 491 40 250 Wheat 1 294 15 914 Sunseeds 10 108 19 009 Rapeseeds - 1 274 Soybeans 16 881 280 Cost of revenues, incl. (52 054) (64 019) Land lease depreciation (10 295) (10 381) Changes in FV of BA and AP* 36 607 15 404 Gross profit 45 773 29 027 Gross margin 75% 37% G&A expense (6 518) (6 612) S&D expense (6 854) (10 002) Other operating expenses (708) (1 870) EBIT 31 693 10 543 EBITDA 49 202 30 491 EBITDA margin 80% 39% Interest on lease liability (11 050) (11 200) CAPEX (15 662) (2 558) Cash outflow on land lease liability (25 326) (24 610) *FV – Fair Value, BA – Biological Assets, AP – Agricultural Produce Revenues at EUR78m, up 27% y -o-y, amid a 47% surge in crop sales volumes. Exports generated 74% of segment revenues vs 83% in 1H25. Gross Profit stood at EUR29m ( -37% y-o-y), with gross margin down to 37%. Profitability was impacted by a 58% y -o-y lower contribution from changes in FV of BA at EUR15m, reflecting a decrease in soft commodity prices and higher costs. EBITDA decreased by 38% y -o-y to EUR30m, with EBITDA margin narrowing to 39% from 80% in 1H25. CAPEX at maintenance level of EUR3m (-84% y-o-y).
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Non-Audited Interim Report for the six-month period ended 30 June 2026 6 KEY CROPS PLANTING AREA , 2024 –2026 , kha Source: Company’s data Despite severe agro -climatic headwinds early grain harvesting campaign at Astarta was completed on time. Wheat yielded 5.4t/ha, rapeseed at 3.1t/ha. As of the date of this report harvesting of late crops ongoing. As of the date of this report Astarta’s agricultural subsidiaries have started 2027 winter crops sowing campaign. Winter rapeseed sowing is in the final stages, and preparations for winter wheat sowing are underway. Wheat harvesting in the Poltava region 5 49 18 38 70 1212 46 29 34 56 11 23 39 24 31 56 14 Corn Wheat Sunseeds Sugar beets Soybeans Rapeseeds 2024 2025 2026
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Non-Audited Interim Report for the six-month period ended 30 June 2026 7 CROP PRICES, EUR/t Source: APK-inform Harvesting is currently underway in Ukraine. According to MinAgro. Grain and oilseed harvest stands at 36mt as of Aug 24 th. While July weather supported harvest prospects, late crop outlooks remain subject to August–September heat risks. The 1H26 grain and oilseeds exports from Ukraine totalled 23mt (+15% y -o-y), 94% of those were handled via the seaports. The main export destinations traditionally were MENA region (57%) and the EU countries (35% of total). Astarta’s share in exports was 1%. Following Russian attacks on port infrastructure starting Jul 10th, commercial vessel traffic halted, driving a sharp m-o-m drop in Jul shipments and forcing a gradual reorientation toward Danube ports and western rail/road borders (capped at a monthly capacity of max 2.5mt per month vs 5mt needed). On an EXW basis, 1H26 Ukrainian wheat prices decreased by 11% y-o-y to EUR183/t and corn to EUR183/t (-13% y-o-y). Pressure on domestic prices is expected to persist as farmers defer sales along with a 30% increase of rail freight tariffs in local currency from August 1 st, 2026. In 1H26 European wheat traded at an average of EUR199/t ( -9% y-o-y), corn was flat y -o-y at EUR207/t. as global markets attempted to stabilize following the Black Sea freight disruptions. However, escalating maritime tensions in the Black Sea region continue to inject uncertainty, placing upward pressure on international benchmark prices. 0 100 200 300 400 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24 Mar-24 May-24 Jul-24 Sep-24 Nov-24 Jan-25 Mar-25 May-25 Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 Jul-26 Corn Ukraine, EXW Wheat Ukraine, EXW Corn Euronext, FOB Wheat Euronext, CPT Average price 1H26: Corn Ukraine – EUR183 (-13% y-o-y) Wheat Ukraine– EUR183 (-11% y-o-y) Corn Euronext – EUR207 (flat y-o-y) Wheat Euronext – EUR199 (-9% y-o-y)
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Non-Audited Interim Report for the six-month period ended 30 June 2026 8 SUGAR PRODUCTION Share in consolidated revenues: 32% Segment revenues: EUR72m Export sales (value): 51% SUGAR AND BY -PRODUCTS SALES VOLUMES AND REALIZED PRICES 1H25 1H26 Sugar, kt 149 177 Sugar-by products, kt* 20 26 Sugar prices, EUR/t 519 389 *Granulated sugar beet pulp and molasses FINANCIAL RESULTS EURk 1H25 1H26 Revenues 79 493 71 556 Cost of sales (58 144) (62 838) Gross profit 21 349 8 718 Gross profit margin 27% 12% G&A expense (3 741) (3 193) S&D expense (8 645) (7 398) Other operating expense 166 (729) EBIT 9 129 (2 602) EBITDA 14 286 2 436 EBITDA margin 18% 3% CAPEX (8 716) (4 298) Revenues at EUR72m ( -10% y -o-y ) o n t h e b a c k o f l o w e r s u g a r s a l e s p r i c e s . A v e r a g e s e l l i n g price was at EUR389/t (-25% y-o-y) amid seasonally low market activity. Gross Profit decreased to EUR9m (-59% y-o-y), with the gross margin compressing by 15pp y-o- y to 12%. EBITDA at EUR2m (-83% y-o-y), leading to an EBITDA margin of 3% vs 18% in 1H25. Astarta shipped 94kt of white sugar into international markets in 1H26, representing 53% of total segment sales volume. Commercial focus remained on non-EU countries, with the Middle East absorbing 59% of total export volumes.
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Non-Audited Interim Report for the six-month period ended 30 June 2026 9 GLOBAL SUGAR PRICES, USD/t Source: Bloomberg According to UkrSugar, updated 2026 sugar beet acreage in Ukraine contracted to 162kha ( - 23% y-o-y). As of the day of this report the sugar beet harvesting campaign has not yet started. In 1H26, Ukrainian sugar exports surged by 58% y -o-y to 393kt, with 71% shipped via maritime routes. Trade flows shifted predominantly away from the EU, with the Middle East absorbing 53% of total exports. Deliveries to the EU declined by 11% y -o-y to 78kt (20% of total exports) in 1H26. Under the revised Tariff Rate Quotas, Ukraine’s duty -free sugar export limit to the EU is set at 100kt for 2026. Anticipated lower EU output could enhance the competitiveness of Ukrainian sugar, driving market expectations for potential EU import quota expansions in 2027. The global sugar market faced downward pressure during the reporting period, with raw sugar averaging USD318/t (-21% y-o-y) and white sugar trading at USD429/t ( -16% y-o-y). However, prices trended upward in July–August, prompted by revised global balance projections shifting from surplus to deficit due to adverse weather conditions in Brazil and the EU. Domestic sugar prices averaged USD413/t excl. VAT in 1H26 ( -19% y -o-y), affected by low buyer activity across domestic and export channels. Market downside remains buffered by expected lower domestic output in the upcoming campaign and dry weather in Europe. Conversely, ongoing port infrastructure disruptions in Ukraine due to shelling continue to pose supply-chain and logistical risks. 0 100 200 300 400 500 600 700 800 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24 Mar-24 May-24 Jul-24 Sep-24 Nov-24 Jan-25 Mar-25 May-25 Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 Jul-26 White sugar, Ukraine White sugar, LIFFE Raw sugar, NYBOT Average sugar prices 1H26: Ukraine – USD413 (-19% y-o-y) LIFFE – USD429 (-16% y-o-y) NYBOT – USD318 (-21% y-o-y)
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Non-Audited Interim Report for the six-month period ended 30 June 2026 10 SOYBEAN PROCESSING Share in consolidated revenues: 22% Segment revenues: EUR51m Export sales (value): 87% PRODUCTION VOLUMES kt 1H25 1H26 Soybeans processed 123 114 Soybean meal 88 83 Soybean oil 25 22 SOYBEAN PRODUCTS SALES VOLUMES AND REALIZED PRICES 1H25 1H26 kt EUR/t kt EUR/t Soybean meal 88 345 82 349 Soybean oil 24 986 21 1 012 FINANCIAL RESULTS EURk 1H25 1H26 Revenues, including 54 598 50 716 Soybean meal 30 306 28 516 Soybean oil 23 382 21 109 Cost of sales (43 097) (41 720) Gross profit 11 501 8 996 Gross profit margin 21% 18% G&A expense (833) (811) S&D expense (4 080) (4 964) Other operating expense (580) (372) EBIT 6 008 2 849 EBITDA 6 837 3 769 EBITDA margin 13% 7% CAPEX (24 291) (15 127) Revenues at EUR51m (-7% y-o-y). Exports revenue contributed 87% of the total. Gross profit at EUR9m (-22% y-o-y) with the gross profit margin narrowing by 3pp y-o-y to 18%. EBITDA at EUR4m (-45% y-o-y), with the EBITDA margin narrowing by 6pp y-o-y to 7%, reflecting 8% y-o-y lower sales volumes and higher logistic costs. Soybean crushing volume at 114kt (-7% y-o-y). Capex limited to routine maintenance and residual SPC investment.
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Non-Audited Interim Report for the six-month period ended 30 June 2026 11 UKRAINIAN PRICES FOR SOYBEANS AND SOYBEAN PRODUCTS, EUR/ t Source: APK-inform According to MinAgro, the updated acreage under soybeans in Ukraine stands at 1.7mha in 2026 (-18% y-o-y). As of the day of this report the harvesting has not yet started. Soybean crop, the Poltava region - 200 400 600 800 1 000 1 200 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24 Mar-24 May-24 Jul-24 Sep-24 Nov-24 Jan-25 Mar-25 May-25 Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 Jul-26 Soybean oil, EXW Soybean meal, EXW Soybeans, EXW Average prices 1H26: Soybeans – EUR335 (+1% y-o-y) Soybean oil – EUR903 (+5% y-o-y) Soybean meal – EUR315 (+4% y-o-y)
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Non-Audited Interim Report for the six-month period ended 30 June 2026 12 CATTLE FARMING Share in consolidated revenues: 11% Segment revenues: EUR25m Export sales (value): 8% MILK PRODUCTION VOLUME, HERD AND PRODUCTIVITY* 1H25 1H26 Milk production, kt 63 65 Herd, k heads 29 31 Unit milk yield, kg/day 28.4 28.0 *average reporting period number MILK SALES AND REALIZED PRICES 1H25 1H26 Milk sales, kt 61 63 Milk price, EUR/t 425 316 FINANCIAL RESULTS EURk 1H25 1H26 Revenues 29 268 24 869 Cost of sales (18 063) (20 184) BA revaluation 1 438 (5 569) Gross profit 12 643 (884) Gross profit margin 43% (4%) G&A expense (1 432) (893) S&D expense (259) (324) Other operating expense (269) (310) EBIT 10 683 (2 411) EBITDA 12 007 (960) EBITDA margin 41% (4%) CAPEX (3 050) (2 147) Revenues at EUR25m (-15% y-o-y) primarily impacted by weaker realized selling prices for raw milk. Gross profit turned negative to EUR1m with a gross margin of negative 4%, reflecting a decline in dairy prices that triggered a negative IAS 41 herd revaluation of EUR6m. EBITDA negative at EUR1m vs positive EUR12m in 1H25. CAPEX at maintenance levels of EUR2m (-30% y-o-y).
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Non-Audited Interim Report for the six-month period ended 30 June 2026 13 UKRAINIAN PREMIUM QUALITY MILK PRICE, EUR/t Source: InfAgro Milk sales increased by 3% y-o-y to 63kt fully matching production growth, with 99% graded as "extra quality". The average 1H26 realized milk price at EUR316/t (-26% y-o-y) but consistently maintaining a quality premium over the average market levels. Astarta shipped almost 1.5k heads the MENA region, representing 4% of total Ukrainian live cattle exports and generating 8% of segment revenue. 0 100 200 300 400 500 Jan 23 Apr 23 Jul 23 Oct 23 Jan 24 Apr 24 Jul 24 Oct 24 Jan 25 Apr 25 Jul 25 Oct 25 Jan 26 Apr 26 Jul 26 Milk price1H26 average price Average price 1H26: Milk: EUR280 (-25% y-o-y)
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Non-Audited Interim Report for the six-month period ended 30 June 2026 14 ALTERNATIVE PERFORMANCE MEASURES To comply with ESMA Directive on Alternative Performance Measures (“APMs”), ASTARTA HOLDING PLC presents this additional disclosure, which enhances the comparability, reliability, and comprehension of its financial information. The Company presents its results in accordance with International Financial Reporting Standards (IFRS) but also considers certain supplemental non -IFRS measures used for performance analysis and reporting. These Alternative Performance Measures are: - Gross Margin - EBITDA (EBITDA LTM) and EBITDA Margin - Net Debt Total - Net Financial Debt - Adjusted Net Debt - Working Capital Changes - Operating Cash Flows before Working Capital Changes. Astarta believes that these APMs better reflect the Company’s core operating activities and provide both management and investors communities with information regarding operating performance, which is more useful for evaluating the financial position of the Company than traditional measures, to the exclusion of external factors unrelated to their performance. ALTERNATIVE PERFORMANCE MEASURES TABLE all amounts are in EURk, unless stated otherwise APM Calculation 1H25 1H26 Gross Margin Gross Profit divided by Revenue s, in % 91 709/226 619 =40% 46 006/226 468 =20% EBITDA Profit from operations adding back total amortization of intangible assets, total depreciation of property plant and equipment and right -of-use-assets and impairment of fixed assets deducting Reversal of impairment of property, plant and equipment 55 531+25 345 =80 876 6 584+27 736 =34 320 EBITDA LTM EBITDA during the last twelve months 80 876+(159 353- 85 833) =154 396 34 320+(99 677-80 876) =53 121 EBITDA Margin EBITDA divided by Revenues, in % 80 876/226 619 =36% 34 320/226 468 =15% Net Debt Total Sum of Non -current and Current Loans and borrowings adding Non-current and Current portion of Lease Liabilities less Cash and cash equivalents and Short -Term Cash Deposits 18 185+31 212+9 190+ 97 917+26 623-30 680 =152 447 90 789+51 072+8 413+10 9 653+29 416-21-69 207 =220 115 Net Financial Debt Net Debt Total less sum of Non - current and Current portion of Lease Liabilities 152 447- (97 917+26 623) =27 907 220 115-(109 653+29 416) =81 046 Adjusted Net Debt Net Debt Total less Total Finished Goods (RMI) 152 447-53 601 =98 846 220 115-62 355 =157 760
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Non-Audited Interim Report for the six-month period ended 30 June 2026 15 Working Capital Changes Decrease/(Increase) in Inventories adding Decrease/(Increase) in Trade and Other Receivables adding Decrease/(Increase) in Biological Assets due to Other Changes adding Increase/(Decrease) in Trade and Other Payables 69 744-11 253-85 085- 13 990 = - 40 584 88 229+8 608-88 343+14 893 = 23 387 Operating Cash Flows before Working Capital Changes Cash flows provided by operating activities less Working Capital Changes 23 630-(-40 584) =64 214 71 992-23 387 =48 605 PRINCIPAL RISKS AND UNCERTAINTIES FOR THE SECOND HALF OF THE FINANCIAL YEAR 2026 The Company identified principal risks and uncertainties for the second half of the financial year 2026: Regulatory risk, such as state regulation and supervision. The business may be affected by changes in fiscal, tax or other regulations. In particular, the changes in the legislation relate to the reduction of the impact of the activities by agricultural companies on climate change, and the introduction of additional requirements for the disclosure of non-financial information. Financial risk, such as currency risk. High volatility of the Ukrainian hryvnia and exchange rate fluctuations may affect the business. Commercial risk, such as price risk (for purchasing/selling). Volatility of the raw material prices may affect the results of operational activity and profitability. Risks of unprofitable trading activity. Operational risk, such as military operations. A negative impact on the continuation of business process: military mobilisation, travel restrictions, loss (including death) of employees. damage to assets; the impossibility of operating due to hostilities in certain territories; the insufficiency and impossibility of obtaining enough inventories, fuel, etc; the destruction of logistics chains; difficulties in obtaining sufficient services to ensure production and work processes (water supply, electricity supply, Internet, etc.). OTHER SUBSTANTIAL INF ORMATION WHICH AFFECTS OR COULD AFFECT THE ASSESSMENT OR EVALUATION REGARDING PROFITS AND LOSSES, THE PROSPECTS AND TRENDS OF THE OPERATIONS AND GAIN OR LOSS OF IMPORTANT CONTRACTS OR CO -OPERATIONS There is no other substantial information which affects or could affect the assessment or evaluation of Company’s profitability, its financial position and developing trends, except those disclosed in this Interim Management Report and in Notes to the Condensed Consolidated Financial Statements. RELATED PARTIES’ TRANSACTIONS DURING THE SIX MONTHS OF THE FINANCIAL YEAR 2026 The transactions of the Company with related parties are stated under n ote 22 RELATED PARTY TRANSACTIONS of the Non -Audited, Interim Condensed Conso lidated Financial Statements.
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Non-Audited Interim Report for the six-month period ended 30 June 2026 16 STATEMENT BY THE MEMBERS OF THE BOARD OF DIRECTORS OF ASTARTA HOLDING PLC AND OTHER RESPONSIBLE OFFICERS FOR THE PREPARATION OF THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX -MONTH PERIOD ENDED 3 0 JUNE 202 6 In accordance with Section 10, subsections (3) (c) and (7) of the Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law of 2007 as amended (the "Law"), we, the Members of the Board of Directors and other responsible officers for the preparation of the Condensed Consolidated Financial Statements for the six-month period ended 30 June 2026 (the ‘Condensed Consolidated Financial Statements) of ASTARTA HOLDING PLC, hereby state that to the best of our knowledge: a) the Condensed Consolidated Financial Statements of ASTARTA HOLDING PLC for the six - month period ended 30 June 2026: i. have been prepared in accordance with the applicable set of accounting standards and in accordance with the provisions of Section 10, subsection (4) of the Law, and ii. give a true and fair view of the assets, liabilities, financial position and profit or loss of ASTARTA HOLDING PLC, and the undertakings included in the consolidated accounts as a whole, and b) the Interim Management Report for the six -month period ended 3 0 June 2026 includes a fair review of the information required under Section 10, subsection (6) of the Law. MEMBERS OF THE BOARD OF DIRECTORS OF ASTARTA HOLDING PLC Viktor Ivanchyk Executive Director (signed) Savvas Perikleous Executive Director (signed) Viacheslav Chuk Executive Director (signed) Howard Dahl Non-Executive, Independent Director (signed) Gilles Mettetal Non-Executive, Independent Director (signed) Markiyan Markevych Non-Executive Director (signed) PERSON RESPONSIBLE FOR THE PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENT S OF THE COMPANY Liliia Lymanska Chief Financial Officer of LLC Firm “Astarta-Kyiv”, main operating subsidiary of ASTARTA HOLDING PLC (signed) 25 August 2026 Nicosia, Cyprus Disclaimer regarding forecasts. Certain statements contained in this report may constitute forecasts and estimates. Such predictions are subject to a number of risks, uncertainties and other factors that could cause actual results to differ from the anticipated results expressed or implied via forward-looking statements.
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17 ASTARTA HOLDING PLC CONDENSED СONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE SIX MONTHS ENDED 30 JUNE 2026
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 18 CONTENTS CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 19 CONDENSED CONSOLIDATED INCOME STATEMENT 21 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 23 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 25 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 27 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 29
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 19 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2026 (in thousands of Ukrainian hryvnias) Notes 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) ASSETS Non-current assets Property, plant and equipment 5 16 521 888 16 212 850 11 085 519 Right-of-use assets 6 7 110 173 6 281 145 5 883 489 Intangible assets 45 962 31 388 24 391 Biological assets 7 1 395 301 1 661 767 2 238 692 Long-term receivables and prepayments 9 11 226 10 440 14 160 Deferred tax assets 10 244 3 415 36 790 Total non-current assets 25 094 794 24 201 005 19 283 041 Current assets Inventories 8 6 464 388 12 218 403 5 482 974 Biological assets 7 6 099 627 1 068 900 6 322 194 Trade accounts receivable 9 666 990 1 050 547 1 146 305 Other accounts receivable and prepayments 9 2 772 024 2 734 437 2 718 190 Current income tax 7 610 63 912 6 464 Short-term cash deposits 1 100 1 100 - Cash and cash equivalents 10 3 541 091 2 006 137 1 496 640 Assets held for sale 4 268 950 - - Total current assets 19 821 780 19 143 436 17 172 767 Total assets 44 916 574 43 344 441 36 455 808 EQUITY AND LIABILITIES Equity 11 Share capital 1 663 1 663 1 663 Additional paid-in capital 369 798 369 798 369 798 Retained earnings 21 811 935 22 087 431 23 027 077 Revaluation surplus 4 267 706 4 706 433 1 712 371 Treasury shares (63 499) (63 499) (63 499) Currency translation reserve 463 406 463 534 467 036 Total equity 26 851 009 27 565 360 25 514 446 Non-current liabilities Loans and borrowings 12 4 645 374 2 951 200 887 128 Net assets attributable to non-controlling participants 32 137 27 916 24 026 Other long-term liabilities 13 232 321 288 165 176 875 Lease liability 6 5 610 598 4 978 261 4 776 618 Deferred tax liabilities 430 926 508 118 162 531 Total non-current liabilities 10 951 356 8 753 660 6 027 178 Current liabilities Loans and borrowings 12 2 613 220 3 356 279 1 522 605 Current portion of long-term loans and borrowings 12 430 447 385 603 448 287 Trade accounts payable 1 550 928 532 789 448 156 Current portion of lease liability 6 1 505 108 1 625 852 1 298 721 Current income tax 11 051 48 268 25 286 Other liabilities and accounts payable 13 953 925 1 076 630 1 171 129 Liabilities classified as held for sale 4 49 530 - - Total current liabilities 7 114 209 7 025 421 4 914 184 Total equity and liabilities 44 916 574 43 344 441 36 455 808 On 25 August 2026 the Board of Directors of ASTARTA HOLDING PLC and responsible officer approved and authorised these Condensed consolidated interim financial statements for issue. ______(signed)_________ ______(signed)_________ Viktor Ivanchyk Executive Director of ASTARTA HOLDING PLC Liliia Lymanska Chief Financial Officer of LLC firm “Astarta-Kyiv”, main operating subsidiary of ASTARTA HOLDING PLC The notes on pages 28 to 46 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 20 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2026 (in thousands of Euros) Notes 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) ASSETS Non-current assets Property, plant and equipment 5 322 902 325 191 227 244 Right-of-use assets 6 138 960 125 985 120 607 Intangible assets 898 629 500 Biological assets 7 27 268 33 330 45 892 Long-term receivables and prepayments 9 219 209 290 Deferred tax assets 200 68 754 Total non-current assets 490 447 485 412 395 287 Current assets Inventories 8 126 339 245 070 112 398 Biological assets 7 119 210 21 440 129 600 Trade accounts receivable 9 13 036 21 071 23 498 Other accounts receivable and prepayments 9 54 176 54 848 55 720 Current income tax 149 1 282 133 Short-term cash deposits 21 22 - Cash and cash equivalents 10 69 207 40 238 30 680 Assets held for sale 4 5 256 - - Total current assets 387 394 383 971 352 029 Total assets 877 841 869 383 747 316 EQUITY AND LIABILITIES Equity 11 Share capital 250 250 250 Additional paid-in capital 55 638 55 638 55 638 Retained earnings 894 754 897 898 915 168 Revaluation surplus 106 246 117 169 59 125 Treasury shares (4 310) (4 310) (4 310) Currency translation reserve (527 808) (513 752) (502 845) Total equity 524 770 552 893 523 026 Non-current liabilities Loans and borrowings 12 90 789 59 194 18 185 Net assets attributable to non-controlling participants 628 560 493 Other long-term liabilities 13 4 540 5 780 3 626 Lease liability 6 109 653 99 852 97 917 Deferred tax liabilities 8 422 10 192 3 332 Total non-current liabilities 214 032 175 578 123 553 Current liabilities Loans and borrowings 12 51 072 67 319 31 212 Current portion of long-term loans and borrowings 12 8 413 7 734 9 190 Trade accounts payable 30 311 10 684 9 187 Current portion of lease liability 6 29 416 32 611 26 623 Current income tax 216 968 518 Other liabilities and accounts payable 13 18 643 21 596 24 007 Liabilities classified as held for sale 4 968 - - Total current liabilities 139 039 140 912 100 737 Total equity and liabilities 877 841 869 383 747 316 On 2 5 August 2026 the Board of Directors of ASTARTA HOLDING PLC and responsible officer approved and authorised these Condensed consolidated interim financial statements for issue. ______(signed)_________ ______(signed)_________ Viktor Ivanchyk Executive Director of ASTARTA HOLDING PLC Liliia Lymanska Chief Financial Officer of LLC firm “Astarta-Kyiv”, main operating subsidiary of ASTARTA HOLDING PLC The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 21 CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (in thousands of Ukrainian hryvnias) Notes 2026 2025 (unaudited) (unaudited) Revenues 14 11 542 954 10 271 558 Cost of revenues 15 (9 698 153) (7 844 497) Changes in fair value of biological assets and agricultural produce 505 578 1 782 758 Gross profit 2 350 379 4 209 819 Other operating income 20 744 22 680 General and administrative expense 16 (647 518) (603 070) Selling and distribution expense 17 (1 157 584) (898 424) Other operating expense 18 (226 178) (161 406) Profit from operations 339 843 2 569 599 Interest expense on lease liability 19 (623 809) (548 283) Interest expense on bank borrowings and other finance costs 19 (225 545) (79 358) Foreign currency exchange (loss)/gain (223 509) (4 163) Finance income 19 59 377 46 409 Other income 3 430 1 068 (Loss)/profit before tax (670 213) 1 985 272 Income tax benefit/(expense) 20 (44 064) (17 009) Net (loss)/profit (714 277) 1 968 263 Net (loss)/profit attributable to: Equity holders of the parent company (714 277) 1 968 263 Weighted average basic shares outstanding (in thousands of shares) 24 470 24 470 Basic earnings per share attributable to shareholders of the company from continued operations (in Ukrainian hryvnias) (29,19) 80,44 Weighted average diluted shares outstanding (in thousands of shares) 24 470 24 470 Diluted earnings per share attributable to shareholders of the company from continued operations (in Ukrainian hryvnias) (29,19) 80,44 The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 22 CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (in thousands of Euros) Notes 2026 2025 (unaudited) (unaudited) Revenues 14 226 468 226 619 Cost of revenues 15 (190 297) (172 955) Changes in fair value of biological assets and agricultural produce 9 835 38 045 Gross profit 46 006 91 709 Other operating income 406 497 General and administrative expense 16 (12 694) (13 243) Selling and distribution expense 17 (22 704) (19 890) Other operating expense 18 (4 430) (3 542) Profit from operations 6 584 55 531 Interest expense on lease liability 19 (12 229) (12 110) Interest expense on bank borrowings and other finance costs 19 (4 421) (1 672) Foreign currency exchange (loss)/gain (4 387) (110) Finance income 19 1 164 978 Other income 67 24 (Loss)/profit before tax (13 222) 42 641 Income tax benefit/(expense) 20 (846) (370) Net (loss)/profit (14 068) 42 271 Net (loss)/profit attributable to: Equity holders of the parent company (14 068) 42 271 Weighted average basic shares outstanding (in thousands of shares) 24 470 24 470 Basic earnings per share attributable to shareholders of the company from continued operations (in Euros) (0,57) 1,73 Weighted average diluted shares outstanding (in thousands of shares) 24 470 24 470 Diluted earnings per share attributable to shareholders of the company from continued operations (in Euros) (0,57) 1,73 The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 23 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2026 (in thousands of Ukrainian hryvnias) 2026 2025 (unaudited) (unaudited) (Loss) / profit for the period (714 277) 1 968 263 Other comprehensive (loss)/income Other comprehensive (loss)/income to be reclassified to profit or loss in subsequent periods: Translation difference (128) 3 257 Net other comprehensive (loss)/income to be reclassified to profit or loss in subsequent periods (128) 3 257 Other comprehensive income not to be reclassified to profit or loss in subsequent periods: Increase of revaluation reserve 64 13 Income tax effect (10) (2) Net other comprehensive income not to be reclassified to profit or loss in subsequent periods 54 11 Total other comprehensive (loss)/income (74) 3 268 Total comprehensive (loss)/income (714 351) 1 971 531 Attributable to: Equity holders of the parent (714 351) 1 971 531 Total comprehensive (loss)/income for the six months ended as at 30 June (714 351) 1 971 531 The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 24 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2026 (in thousands of Euros) 2026 2025 (unaudited) (unaudited) (Loss) / profit for the period (14 068) 42 271 Other comprehensive loss Other comprehensive loss to be reclassified to profit or loss in subsequent periods: Translation difference (14 056) (56 208) Net other comprehensive loss to be reclassified to profit or loss in subsequent periods (14 056) (56 208) Other comprehensive income not to be reclassified to profit or loss in subsequent periods: Increase of revaluation reserve 1 - Income tax effect - - Net other comprehensive income not to be reclassified to profit or loss in subsequent periods 1 - Total other comprehensive loss (14 055) (56 208) Total comprehensive loss (28 123) (13 937) Attributable to: Equity holders of the parent (28 123) (13 937) Total comprehensive loss for the six months ended as at 30 June (28 123) (13 937) The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements .
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 25 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2026 (in thousands of Ukrainian hryvnias) Notes 2026 2025 (unaudited) (unaudited) Operating activities (Loss)/profit before tax (670 213) 1 985 272 Adjustments for: Depreciation and amortization 1 415 256 1 152 461 Allowance for/(reversal of) trade and other accounts receivable 18 2 476 (1 608) Loss/(profit) on disposal of property, plant and equipment 18 37 325 (20 616) VAT written off 18 7 353 28 140 Interest income 19 (59 377) (45 682) Other finance income 19 - (727) Interest expense 19 206 286 48 679 Other finance costs 19 14 985 33 075 Interest expense on lease liability 19 623 809 548 283 Changes in fair value of biological assets and agricultural produce (505 578) (1 782 758) Disposal of revaluation in agricultural produce in the cost of revenues 15 1 305 908 1 057 749 Net loss/(profit) attributable to non-controlling participants in limited liability company subsidiaries 19 4 274 (2 396) Foreign exchange loss 223 509 4 163 Working capital adjustments: (Increase) / decrease in inventories 4 501 934 3 171 374 (Increase) / decrease in trade and other receivables 439 259 (511 694) (Increase) / decrease in biological assets due to other changes (4 507 724) (3 868 955) Increase / (decrease) in trade and other payables 759 879 (636 148) Income taxes paid (127 324) (95 178) Cash flows provided by operating activities 3 672 037 1 063 434 Investing activities Purchase of property, plant and equipment, intangible assets and other non-current assets (1 456 106) (2 146 710) Proceeds from disposal of property, plant and equipment 10 979 11 016 Interest received 19 59 377 45 682 Cash deposits withdrawal - 1 100 Cash flows used in investing activities (1 385 750) (2 088 912) Financing activities Proceeds from loans and borrowings 3 488 929 2 140 115 Repayment of loans and borrowings (2 908 280) (499 208) Payment of lease liabilities 6 (662 872) (643 843) Payment of interest on lease liabilities 6 (625 439) (549 156) Interest paid (195 515) (53 595) Cash flows (used in)/ provided by financing activities (903 177) 394 313 Net (decrease) / increase in cash and cash equivalents 1 383 110 (631 165) Cash and cash equivalents as at 1 January 2 006 137 2 124 548 Currency translation difference 151 844 3 257 Cash and cash equivalents as at 30 June 3 541 091 1 496 640 The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 26 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2026 (in thousands of Euros) Notes 2026 2025 (unaudited) (unaudited) Operating activities (Loss)/profit before tax (13 222) 42 641 Adjustments for: Depreciation and amortization 27 736 25 345 Allowance for/(reversal of) trade and other accounts receivable 18 48 (35) Loss/(profit) on disposal of property, plant and equipment 18 731 (452) VAT written off 18 144 618 Interest income 19 (1 164) (963) Other finance income 19 - (15) Interest expense 19 4 043 1 026 Other finance costs 19 294 697 Interest expense on lease liability 19 12 229 12 110 Changes in fair value of biological assets and agricultural produce (9 835) (38 045) Disposal of revaluation in agricultural produce in the cost of revenues 15 25 625 23 321 Net loss/(profit) attributable to non-controlling participants in limited liability company subsidiaries 19 84 (51) Foreign exchange loss 4 387 110 Working capital adjustments: (Increase) / decrease in inventories 88 229 69 744 (Increase) / decrease in trade and other receivables 8 608 (11 253) (Increase) / decrease in biological assets due to other changes (88 343) (85 085) Increase / (decrease) in trade and other payables 14 892 (13 990) Income taxes paid (2 495) (2 093) Cash flows provided by operating activities 71 991 23 630 Investing activities Purchase of property, plant and equipment, intangible assets and other non-current assets (28 537) (47 210) Proceeds from disposal of property, plant and equipment 215 242 Interest received 19 1 164 963 Cash deposits withdrawal - 24 Cash flows used in investing activities (27 158) (45 981) Financing activities Proceeds from loans and borrowings 68 376 47 065 Repayment of loans and borrowings (56 997) (10 978) Payment of lease liabilities 6 (12 991) (14 159) Payment of interest on lease liabilities 6 (12 257) (12 077) Interest paid (3 832) (1 179) Cash flows (used in)/ provided by financing activities (17 701) 8 672 Net (decrease) / increase in cash and cash equivalents 27 132 (13 679) Cash and cash equivalents as at 1 January 40 238 48 366 Currency translation difference 1 837 (4 007) Cash and cash equivalents as at 30 June 69 207 30 680 The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 27 CONDENSED СONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2026 Attributable to equity holders of the parent company (in thousands of Ukrainian hryvnias) Share capital Additional paid-in capital Retained earnings Revaluation surplus Treasury shares Currency translation reserve Total equity (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) As at 31 December 2025 1 663 369 798 22 087 431 4 706 433 (63 499) 463 534 27 565 360 Net loss - - (714 277) - - - (714 277) Share of non-controlling participants in LLC in revaluation surplus, net of deferred tax - - - 54 - - 54 Translation difference - - - - - (128) (128) Total other comprehensive income, net of tax - - - 54 - (128) (74) Total comprehensive (loss)/income - - (714 277) 54 - (128) (714 351) Realisation of revaluation surplus, net of tax - - 438 781 (438 781) - - - As at 30 June 2026 1 663 369 798 21 811 935 4 267 706 (63 499) 463 406 26 851 009 Attributable to equity holders of the parent company (in thousands of Euros) Share capital Additional paid-in capital Retained earnings Revaluation surplus Treasury shares Currency translation reserve Total equity (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) As at 31 December 2025 250 55 638 897 898 117 169 (4 310) (513 752) 552 893 Net loss - - (14 068) - - - (14 068) Share of non-controlling participants in LLC in revaluation surplus, net of deferred tax - - - 1 - - 1 Translation difference - - - - - (14 056) (14 056) Total other comprehensive loss, net of tax - - - 1 - (14 056) (14 055) Total comprehensive loss - - (14 068) 1 - (14 056) (28 123) Realisation of revaluation surplus, net of tax - - 10 924 (10 924) - - - As at 30 June 2026 250 55 638 894 754 106 246 (4 310) (527 808) 524 770 The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 28 CONDENSED СONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2025 Attributable to equity holders of the parent company (in thousands of Ukrainian hryvnias) Share capital Additional paid-in capital Retained earnings Revaluation surplus Treasury shares Currency translation reserve Total equity (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) As at 31 December 2024 1 663 369 798 21 509 950 1 854 426 (63 499) 463 779 24 136 117 Net profit - - 1 968 263 - - - 1 968 263 Share of non-controlling participants in LLC in revaluation surplus, net of deferred tax - - - 11 - - 11 Translation difference - - - - - 3 257 3 257 Total other comprehensive income, net of tax - - - 11 - 3 257 3 268 Total comprehensive income - - 1 968 263 11 - 3 257 1 971 531 Distribution of dividends - - (593 202) - - - (593 202) Realisation of revaluation surplus, net of tax - - 142 066 (142 066) - - - As at 30 June 2025 1 663 369 798 23 027 077 1 712 371 (63 499) 467 036 25 514 446 Attributable to equity holders of the parent company (in thousands of Euros) Share capital Additional paid-in capital Retained earnings Revaluation surplus Treasury shares Currency translation reserve Total equity (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) As at 31 December 2024 250 55 638 880 492 64 030 (4 310) (446 637) 549 463 Net profit - - 42 271 - - - 42 271 Share of non-controlling participants in LLC in revaluation surplus, net of deferred tax - - - - - - - Translation difference - - - - - (56 208) (56 208) Total other comprehensive loss, net of tax - - - - - (56 208) (56 208) Total comprehensive income / (loss) - - 42 271 - - (56 208) (13 937) Distribution of dividends - - (12 500) - - - (12 500) Realisation of revaluation surplus, net of tax - - 4 905 (4 905) - - - As at 30 June 2025 250 55 638 915 168 59 125 (4 310) (502 845) 523 026 The notes on pages 29 to 50 are an integral part of these condensed consolidated financial statements.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 29 1. BACKGROUND a) Organisation and operations These condensed consolidated financial statements are prepa red by ASTARTA HOLDING PLC (the ”Company”), the Company is a Cyprus public limited company and registered under the Cyprus Companies Law, Cap. 113 . The Company was incorporated as ASTARTA Holding N.V. in Amsterdam, the Netherlands, on 9 June 2006. On 06 April 2022 the Board of Directors of ASTARTA Holding N.V. adopted a resolution on the approval of the proposal of the Board to convert ASTARTA Holding N.V., a public limited company (naamloze vennootschap) governed by Dutch law, into ASTARTA HOLDING PLC , a public limited company governed by Cyprus Companies Law, Cap. 113 , i.e. by way of a cross-border migration of the registered office of the Company without its dissolution or liquidation followed by its subsequent reregistration in accordance with Cyprus Companies Law, Cap. 113 . On 16 June 2022 conversion proposal was approved on Annual General meeting of shareholders. With effect from 16 September 2022, the Company’s registered office and corporate domicile was transferred to Cyprus and the Company is registered in the Registrar of Companies in Cyprus. On and from 16 September 2022, the Company’s legal address is Lampousas 1, 1095 , Nicosia, Cyprus. On 4 July 2006 the shareholders of the Company contributed their shares in the Cyprus based company Ancor Investments Ltd to ASTARTA HOLDING PLC . After the contribution, ASTARTA HOLDING PLC owns 100% of share capital of Ancor Investment Ltd. Ancor Investments Ltd owns 99.99% of the capital of LLC Firm “Astarta -Kyiv” (Astarta-Kyiv), registered in Ukraine, which in turn controls a number of subsidiaries in Ukraine (hereinafter, Astarta -Kyiv and its subsidiaries are collectively referred to as the “Group” or “Astarta”). During September 2025, seven subsidiaries previously fully held through Astarta-Kyiv became directly owned by Ancor Investments Ltd (99%), with Astarta -Kyiv retaining a minority interest (Note 3(c)). On 16 August 2006 the Company’s shares were admitted for trading on the Warsaw Stock Exchange. The first quotation of the shares on the Warsaw Stock Exchange took place on 17 August 2006. The Group specializes in sugar production, crop growing, soybean processing and cattle farming. The croplands, sugar and soybean processing plants and cattle operations are mainly located in the Poltava, Vinnytsia, Khmelnytsky, Chernihiv, Zhytomyr, Ternopil and Kharkiv oblasts (administrative regions) of Ukraine. The Group's business is vertically integrated because sugar is produced primarily using own -grown sugar beet and soybeans processed are also grown in-house. b) Ukrainian business environment The full-scale military invasion initiated by the Russian Federation on 24 February 2022 continues to significantly affect Ukraine’s economic and operating environment. Despite ongoing military actions and martial law, Ukraine maintained macroeconomic and financial stability during the first half of 2026, supported by continued international financial assistance. International reserves remained at historically high levels, while external financing continued to be a key factor supporting economic resilience. The Group continues to operate in an environment characterised by heightened uncertainty and operational challenges arising from the ongoing invasion. During the reporting period, recurring attacks on critical infrastructure, labour shortages and higher pr oduction costs continued to adversely impact the agricultural sector and export - oriented businesses. The Group has implemented mitigation measures, including investments in alternative energy solutions and other operational resilience initiatives, which have enabled it to maintain continuity of production and export activities. In July 2026, disruptions affecting the operation of Ukraine's deep-sea ports created additional uncertainty regarding export routes and logistics chains available to Ukrainian agricultural producers. Management continues to monitor the situation closely, assess the potential impact of these disruptions on the Group's operations and export activities, and evaluate alternative logistics routes and export channels to mitigate potential adverse effects and preserve the continuity of exports and customer deliveries.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 30 Ukraine’s economic outlook remains highly dependent on the duration and consequences of the ongoing military invasion, continued progress in structural reforms and sustained support from international partners. Due to the unpredictable nature of the invasi on and its long-term economic implications, future developments may differ from current expectations. These ongoing political and economic uncertainties continue to shape the business environment in which the Group operates. 2. BASIS OF PREPARATION a) Statement of compliance These condensed consolidated financial statements for the six months ended 30 June 2026 has been prepared in accordance with IAS 34 Interim Financial Reporting. These condensed consolidated interim financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Company’s annual financial statements for the year ended 31 December 2025 which have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS -EU) and the requirements of the Cyprus Companies Law Cap.113. The material accounting policies applied in the preparation of these condensed consolidated financial statements are set in Note 3 or in the separate Notes to these condensed consolidated financial statements. b) Going Concern As of 30 June 2026, the Group’s operations continue to be affected by the ongoing full- scale military invasion of Ukraine initiated by the Russian Federation on 24 February 2022. While the operating environment remains challenging due to disruptions to ene rgy infrastructure, logistics and market -related uncertainties, the Group has adapted its business processes to maintain operational continuity. Management has taken these conditions into account in its assessment of the Group’s ability to continue as a going concern. The Group’s asset base is geographically diversified across central, northern, eastern, and western regions of Ukraine, mitigating concentration risk. As at the date of issuance of these condensed consolidated interim financial statements: (i) key assets are located outside areas of active hostilities; (ii) no critical infrastructure damage impeding operations has occurred; and (iii) no material assets have been lost or remain in territories beyond the Group's control. Agricultural subsidiaries continue their agricultural operations in the ordinary course of business, and the soybean processing plant maintains normal capacity. The Group’s IT infrastructure supports remote operations, ensuring business continuity across all standalone subsidiaries. The Group continues to serve both domestic and export markets. While export logistics and associated costs remain a key operational challenge, the Group maintains access to multiple export channels and sufficient storage capacity for future harvests. The Group does not conduct transactions with entities subject to Ukrainian, EU or US sanctions. For the six-month period ended 30 June 2026, the Group reported a net loss of UAH 714,277 thousand (EUR 14,068 thousand), compared to a net profit of UAH 1,968,263 thousand (EUR 42,271 thousand) in the corresponding period of 2025. The Group’s financial pe rformance was affected by adverse market conditions and operating challenges, including higher production costs, continued volatility in agricultural commodity markets , increasing pressure on export logistics resulting from intensified attacks on logistics and port infrastructure, and the ongoing impact of the military invasion on the Ukrainian economy. Prior to the end of the reporting period, the Group obtained waivers from the relevant lenders and agreed revised covenant thresholds for the second and third quarters of 2026. As a result, the Group remained in compliance with all financial covenants under its borrowing arrangements as at 30 June 2026 and retained access to committed loan facilities. Management’s going concern assessment covers a period of at least twelve months from the reporting date and extends through 30 June 2027. The assessment is based on forecasts prepared by management, reflecting current market, operational and financing conditions, and incorporates assumptions regarding commodity prices, production
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 31 costs, export volumes, access to export routes and the ongoing impact of the military invasion on the Group’s operations. Management continues to maintain regular communication with the Group’s lenders and closely monitor covenant compliance. In July 2026, disruptions affecting the operation of Ukraine’s deep -sea ports created additional uncertainty regarding export routes available to Ukrainian agricultural producers. In response, management is reassessing the assumptions underlying its forecasts and evaluating the potential impact of changes in export logistics, transportation costs and related operating assumptions on the G roup’s projected financial performance, liquidity position and covenant metrics for future reporting periods. Management also continues to evaluate alternative logistics routes and export channels, together with other mitigating measures aimed at preservin g operational and financial flexibility. The Group’s forecasts remain subject to significant uncertainties related to the ongoing military invasion, including potential disruptions to export logistics, changes in commodity markets, operating costs. The inherent unpredictability of the invasion, its duration and its impact on the Group’s operations represent a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern. Nevertheless, based on previous experience, current liquidity levels and the mitiga ting actions taken, management has concluded that it remains appropriate to prepare the condensed consolidated financial statements on a going concern basis. c) Basis of consolidation These condensed consolidated financial statements have been prepared on a going concern basis which assumes the Group will be able to reali se its assets and discharge its liabilities in the normal course of business for the foreseeable future. The condensed consolidated financial statements comprise the financial statements of the Group and its subsidiaries as at 30 June 2026. Subsidiaries are those investees that are controlled by the Group. Control is achieved as the Group exercises , or has rights, to variable returns from its involvement with the investee and can affect those returns through its power over the investees.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 32 As at 30 June 2026 ASTARTA HOLDING PLC owns shares, directly and indirectly, in a number of subsidiaries with the following percentage of ownership: 30 June 2026 31 December 2025 30 June 2025 Name of Subsidiaries: Activity Place of business, country % of ownership % of ownership % of ownership Ancor Investments Ltd Trade and investment activities Cyprus 100,00% 100,00% 100,00% Astarta Trading Ltd Trade Cyprus 100,00% 100,00% 100,00% Astarta Trading GmbH Trade Switzerland 100,00% 100,00% 100,00% LLC Firm “Astarta-Kyiv” Asset management Ukraine 99,99% 99,99% 99,99% LLC "PAT-2024" Sugar production Ukraine 99,84% 99,84% 99,80% LLC “Agricultural company “Dovzhenko” Agricultural Ukraine 99,99% 99,99% 99,99% LLC “Astarta Agro Trade” Trade Ukraine 99,99% 99,99% 99,99% LLC “Agricultural company “Dobrobut” Agricultural Ukraine 99,99% 99,99% 99,99% LLC “Globinskiy processing plant” Soybean processing Ukraine 99,99% 99,99% 99,99% LLC “IIC “Poltavazernoproduct” Agricultural Ukraine 99,99% 99,99% 99,99% LLC “List-Ruchky” Agricultural Ukraine 74,99% 74,99% 74,99% LLC “Agropromgaz” Trade Ukraine 99,99% 99,99% 99,99% LLC “Khmilnitske” Agricultural Ukraine 99,99% 99,99% 99,99% LLC “Volochysk-Agro” Agricultural Ukraine 99,99% 99,99% 99,99% LLC “Agricultural company “Astarta Prykhorollia” Agricultural Ukraine 99,99% 99,99% 99,99% ALLC “Nika” Agricultural Ukraine 99,99% 99,99% 99,99% LLC “Zhytnytsya Podillya” Agricultural Ukraine 99,99% 99,99% 99,99% LLC "Tsukoragroprom" Sugar production Ukraine 99,99% 99,99% 99,99% LLC "Zerno-Agrotrade" Storage and trade Ukraine 99,99% 99,99% 99,99% LLC "Novoorzhytskiy sugar plant" * Sugar production Ukraine 99,99% 99,99% 99,99% LLC "Globinskiy bioenergetichniy complex" Soybean processing Ukraine 99,99% 99,99% 99,99% PE "TMG" Agricultural Ukraine 99,99% 99,99% 99,99% LLC "Eco Energy Ukraine" Agricultural Ukraine 99,99% 99,99% 99,99% LLC "Agri Chain" Research and development Ukraine 99,99% 99,99% 99,99% LLC “Narkevichy sugar plant” ** Sugar production Ukraine 99,99% 99,99% 99,99% PJSC "Ukrainian Agro-Insurance Company" Insurance Ukraine 99,99% 99,99% 99,99% LLC “Astarta Invest Service” Land management Ukraine 99,99% 99,99% 99,99% LLC “Astarta Agro Protein” Soybean processing Ukraine 99,99% 99,99% 99,99% LLC “Podil Agricultural Traditions” Agricultural Ukraine 99,99% 99,99% 99,99% LLC “Chernihiv Eko Plus” Agricultural Ukraine 99,99% 99,99% 99,99% LLC "ASTARTA PROTEINOIL" Soybean processing Ukraine 99,99% 99,99% 99,99% Place of business of all subsidiaries has not changed since previous year. * From 1 October 2025, LLC "Novoorzhytskiy sugar plant" is in the process of being merged to LLC "Tsukoragroprom". ** From 31 December 2025, LLC “Narkevichy sugar plant” is in the process of being merged to LLC "Tsukoragroprom".
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 33 d) Basis of accounting The condensed consolidated financial statements are prepared on a historical cost basis, except for buildings , constructions and machine ry and equipment classified as property, plant and equipment accounted under revaluation model, biological assets at fair value less estimated costs to sell and agricultural produce stated at cost which is determined as fair value less estimated costs to sell at the point of harvest. e) Transactions eliminated on consolidation Intercompany balances and transactions, and any unreali sed gains arising from intercompany transactions, are eliminated in preparing the condensed consolidated financial statements. f) Net assets attributable to non-controlling participants in limited liability companies Substantially all the Group's subsidiaries are Ukrainian limited liability companies. Under Ukrainian law, a participant in a limited liability company may unilaterally withdraw from the company. In such case, the company is obliged to pay the withdrawing participant’s a share of the net assets of the company not later than in 12 months from the date of the withdrawal. Redemption amount of participant’s a share of the net assets of the company is assessed based on market value of net assets. Since the non-controlling participants in limited liability companies did not announce their intentions to withdraw, their interest was recogni sed as a non-current liability. Limited liability company ’s non- controlling participants’ share in the net profit/loss is recorded as a finance expense. g) Functional and presentation currency Each entity in the Group determines its own functional currency and items included in the separate financial statements of each entity are measured using that functional currency. The functional currency of the Company and its Swiss and Cypriot subsidiaries is Euro (EUR). The operating subsidiaries registered in Ukraine have the Ukrainian hryvnia (UAH) as their functional currency. The condensed consolidated financial statements are presented in UAH, which is a primary presentation currency, and all values are rounded to the nearest thousands , except when otherwise indicated. For the benefit of certain users, the Group also presents all numerical information in EUR. The translation of UAH denominated assets and liabilities into EUR in these condensed consolidated financial statements does not necessarily mean that the Group could realise or settle in EUR the reported values of these assets and liabilities. Likewise, it does not necessarily mean that the Group could return or distribute the reported EUR value retained earnings to its shareholders. For the purpose of presenting financial information in EUR, assets and liabilities of the Ukrainian subsidiaries are translated from UAH to EUR using the official closing rates at each reporting date. Components of equity are translated at the historic rate. Annual realisation of revaluation surplus is translated at historical rate. Income and expense items are translated at the average exchange rates for the quarter, unless the exchange rates fluctuate significantly during that period, in which case the exchange rates at the dates of the transactions are used. Disclosure line items a re translated using annual weighted average official exchange rate. For translation of UAH figures into EUR figures for the cash flow statement the Group uses average UAH/EUR exchange rate. For the purposes of presenting financial information in UAH, assets and liabilities of the subsidiaries for which functional currency in EUR are translated from EUR to UAH using the official closing rates at each reporting date and income and expenses are translated at the official spot rates at the date of transaction. Translation differences arising, if any, are recogni sed in other comprehensive income and accumulated in the Currency translation reserve. The principal Ukrainian Hryvnia (“UAH”) exchange rates used in the preparation of the condensed consolidated financial statements are as follows: Currency Average reporting period rate Reporting date rate 2026 2025 30 June 2026 31 December 2025 30 June 2025 EUR 51.03 45.47 51.17 49.86 48.78 USD 43.74 41.63 44.85 42.39 41.64
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 34 3. MATERIAL ACCOUNTING POLICY INFORMATION The material accounting policy information and methods of computation adopted in the preparation of these condensed consolidated financial statements are the same as those applied by the Group in its annual financial statements for the year ended 31 December 2025. a) New and amended standards and interpretations adopted The following amended standards became effective from 1 January 2026, but did not have any material impact on the Group: • Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) (issued on 30 May 2024) • Contracts Referencing Nature -dependent Electricity – Amendments to IFRS 9 and IFRS 7 (issued on 18 December 2024) • Annual Improvements Volume 11 (issued on 18 July 2024) These amendments did not have any impact on the amounts recognised in prior periods and do not significantly affect the current or future periods. b) New and amended standards and interpretations not yet adopted The Group has not adopted the following new standards and amendments to standards, including any consequential amendments to other standards, with a date of initial application of 1 January 2027: Effective for annual period beginning on or after in EU New IFRS standards • IFRS 19 Subsidiaries without Public Accountability: Disclosures (issued on 9 May 2024) Not yet endorsed by EU • IFRS 18 Presentation and Disclosure in Financial Statements (issued on 9 April 2024) 1 January 2027 Amendments to existing standards and interpretations • Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency (issued on 13 November 2025) Not yet endorsed by EU • Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures (issued on 21 August 2025) Not yet endorsed by EU Unless otherwise described above, the new standards and interpretations are not expected to affect significantly the Group’s consolidated financial statements. 4. ASSETS HELD FOR SALE AND LIABILITIES CLASSIFIED AS HELD FOR SALE Management approved a plan to dispose of its 100% interest in LLC “Chernihiv Eko Plus”, comprising approximately 4 thousand hectares of leased farmland and related farming infrastructure. The subsidiary forms part of the Group’s Agriculture segment. As at 30 June 2026, the assets and liabilities of the subsidiary were available for immediate sale in their present condition. The Group had entered into a preliminary agreement evidencing the potential buyer’s intention to acquire the asset. The sale is considered highly probable and is expected to be completed within twelve months. Accordingly, the subsidiary has been classified as a disposal group held for sale in accordance with IFRS 5. Formal title to the corporate rights of the subsidiary will be retained until the final closing of the deal, expected by the end of 2026. Subsequent developments in relation to the planned disposal are disclosed in Note 23. The disposal group was measured at the lower of it s carrying amount and fair value less costs to sell. As fair value less costs to sell was not lower than the carrying amount, no impairment loss was recognised. The activities of LLC “Chernihiv Eko Plus” do not represent a separate major line of business or major geographical area of operations. Accordingly, the results of the subsidiary are not presented as discontinued operations.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 35 The following assets and liabilities were reclassified as held for sale as at 30 June 2026: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 30 June 2026 30 June 2026 (unaudited) (unaudited) Non-current assets 68 595 1 341 Current assets 200 355 3 915 Assets held for sale 268 950 5 256 Non-current liabilities (31 927) (624) Current liabilities (17 603) (344) Liabilities classified as held for sale (49 530) (968) Cumulative revaluation reserve recognised in other comprehensive income and relating to the disposal group amounted to UAH 25,944 thousand or EUR 646 thousand as at 30 June 2026. 5. PROPERTY, PLANT AND EQUIPMENT During the six months ended 30 June 2026, the Group acquired assets with a cost of UAH 1,213,038 thousand or EUR 23,773 thousand. During the six months ended 30 June 2025, the Group acquired assets with a cost of UAH 2,348,591 thousand or EUR 51,650 thousand. Assets with a carrying amount of UAH 14,752 thousand or EUR 289 thousand were disposed of during the six months ended 30 June 2026 (30 June 2025: UAH 7,005 thousand or EUR 154 thousand). 6. RIGHT-OF-USE ASSETS AND LEASE LIABILITY i. Amounts recognised in the condensed consolidated statement of financial position The balance sheet shows the following amounts relating to leases: (in thousands of Ukrainian hryvnias) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Right-of-use assets Land 6 943 879 6 108 485 5 686 430 Office premises 166 100 172 422 180 425 Warehouse 194 238 16 634 Total right-of-use assets 7 110 173 6 281 145 5 883 489 Lease liabilities Non-current 5 610 598 4 978 261 4 776 618 Current portion 1 505 108 1 625 852 1 298 721 Total lease liabilities 7 115 706 6 604 113 6 075 339 (in thousands of Euros) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Right-of-use assets Land 135 710 122 522 116 567 Office premises 3 246 3 458 3 699 Warehouse 4 5 341 Total right-of-use assets 138 960 125 985 120 607 Lease liabilities Non-current 109 653 99 852 97 917 Current portion 29 416 32 611 26 623 Total lease liabilities 139 069 132 463 124 540 Additions to the right -of-use assets during the six months ended 30 June 2026 were UAH 1,496,906 th ousand or EUR 29,336 thousand (2025: UAH 1,135,638 thousand or EUR 24,975 thousand).
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 36 ii. Amounts recognised in the condensed consolidated income statement The condensed consolidated income statement shows the following amounts relating to leases: (in thousands of Ukrainian hryvnias) (in thousands of Euros) Notes 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Depreciation charge of right-of-use assets Land 529 701 468 121 10 381 10 295 Office premises 11 103 12 091 218 266 Warehouse 80 9 887 2 217 Total depreciation charge of right-of-use assets 540 884 490 099 10 601 10 778 Interest expense on lease liabilities (cost of disposal included) 19 623 809 548 283 12 229 12 110 Expenses relating to short-term leases (included in operating expense) 21 390 3 682 416 79 Expenses relating to variable lease payments not included in the measurement of lease liabilities (included in operating expenses) 78 073 61 654 1 519 1 318 The total settlement of leases for the six months ended 30 June 2026 was UAH 1,311,951 thousand or EUR 25,711 thousand (2025: UAH 1,214,455 thousand or EUR 26,708 thousand ). The total amount settled in cash for the six months ended 30 June 2026 was in amount of UAH 1,288,311 thousand or EUR 25,248 thousand (2025: 1,192,999 thousand or EUR 26,236 thousand ) including cash outflow for land lease in amount of UAH 1,255,728 thousand or EUR 24,610 thousand (2025: UAH 1,151,608 thousand or EUR 25,326 thousand ) and is classified as finance activities in the consolidated statement of cash flows . The amount settled in kind with agricultural produce for the six months ended 30 June 2026 was UAH 23,640 thousand or EUR 463 thousand (2025: UAH 21,456 thousand or EUR 472 thousand ). Transfer of agricultural produce is accounted as sale and then the respective account receivables and lease liabilities are settled. Sales amount of agricultural produce is estimated based on market price. iii. The group’s leasing activities The Group leases land, office premises and warehouses for operating activities. Land lease contracts are typically made for fixed periods of 1 to 49 years. Warehouse lease contracts are typically made for fixed periods less than 12 months, management considers usage period for some warehouses of 3 years, other premises are used by the Group for current storage of finished goods, and the Group has no intention to extend the lease. Lease payment associated with a short-term lease are recognised as an expense as occurred. Lease terms are negotiated on an individual basis and contain a range of different terms and conditions. The lease agreements do not impose any covenants, and leased assets may not be used as security for borrowing purposes. 7. BIOLOGICAL ASSETS Biological assets consist of current biological assets (crops) and non-current biological assets (livestock). Livestock include cattle and other livestock. Cattle consist of dairy livestock with an average yearly lactation period of nine months, immature cattle and cattle intended for sale. Other livestock mainly rep resent pigs, horses and sheep. The valuation of the biological assets is within level 3 of the fair value hierarchy.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 37 As at 30 June biological assets comprise the following groups: (in thousands of Ukrainian hryvnias) 30 June 2026 31 December 2025 30 June 2025 Units Amount Units Amount Units Amount (unaudited) (audited) (unaudited) Non-current biological assets: Cattle 30 255 1 395 260 31 366 1 661 725 28 948 2 238 645 Other livestock 41 42 47 Total non-current biological assets 1 395 301 1 661 767 2 238 692 Сurrent biological assets Crops: Hectares Hectares Hectares Sugar beet 31 108 1 526 505 202 20 504 33 003 1 655 202 Corn 22 121 407 397 1 886 53 761 13 977 412 290 Wheat 38 263 716 377 39 122 366 348 45 776 1 233 592 Soy 55 714 1 740 073 8 374 104 923 56 346 1 438 250 Sunflower 22 796 1 081 675 - - 28 514 1 100 610 Rapeseeds 12 628 612 185 14 660 491 412 11 136 439 949 Other 1 109 15 415 3 360 31 952 2 596 42 301 Total current biological assets 183 739 6 099 627 67 604 1 068 900 191 348 6 322 194 Total biological assets 7 494 928 2 730 667 8 560 886 (in thousands of Euros) 30 June 2026 31 December 2025 30 June 2025 Units Amount Units Amount Units Amount (unaudited) (audited) (unaudited) Non-current biological assets: Cattle 30 255 27 267 31 366 33 329 28 948 45 891 Other livestock 1 1 1 Total non-current biological assets 27 268 33 330 45 892 Сurrent biological assets Crops: Hectares Hectares Hectares Sugar beet 31 108 29 834 202 411 33 003 33 930 Corn 22 121 7 962 1 886 1 078 13 977 8 452 Wheat 38 263 14 001 39 122 7 348 45 776 25 288 Soy 55 714 34 008 8 374 2 104 56 346 29 483 Sunflower 22 796 21 140 - - 28 514 22 562 Rapeseeds 12 628 11 964 14 660 9 857 11 136 9 019 Other 1 109 301 3 360 642 2 596 866 Total current biological assets 183 739 119 210 67 604 21 440 191 348 129 600 Total biological assets 146 478 54 770 175 492
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 38 8. INVENTORIES Inventories as at 30 June are as follows: (in thousands of Ukrainian hryvnias) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Finished goods: Sugar products 1 624 040 4 352 947 1 624 253 Agricultural produce 1 257 495 4 613 539 725 615 Soybean processing 306 793 319 936 262 726 Cattle farming 2 208 2 176 2 165 Total finished goods 3 190 536 9 288 598 2 614 759 Raw materials and consumables for: Sugar production 1 191 240 425 604 1 244 017 Agricultural produce 1 124 897 728 434 872 852 Cattle farming 404 120 429 680 299 005 Consumables for joint utilization 149 182 143 798 147 204 Other production 70 534 132 670 54 141 Total raw material and consumables 2 939 973 1 860 186 2 617 219 Investments into future crops 333 879 1 069 619 250 996 Total inventories 6 464 388 12 218 403 5 482 974 (in thousands of Euros) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Finished goods: Sugar products 31 740 87 309 33 296 Agricultural produce 24 576 92 535 14 875 Soybean processing 5 996 6 417 5 386 Cattle farming 43 44 44 Total finished goods 62 355 186 305 53 601 Raw materials and consumables for: Sugar production 23 281 8 537 25 501 Agricultural produce 21 985 14 611 17 893 Cattle farming 7 898 8 618 6 129 Consumables for joint utilization 2 916 2 884 3 018 Other production 1 379 2 661 1 111 Total raw material and consumables 57 459 37 311 53 652 Investments into future crops 6 525 21 454 5 145 Total inventories 126 339 245 070 112 398
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 39 9. TRADE AND OTHER ACCOUNTS RECEIVABLE AND PREPAYMENTS Trade and other accounts receivable, and prepayments as at 30 June are as follows: (in thousands of Ukrainian hryvnias) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Long-term receivables and prepayments Advances to suppliers 6 145 6 952 8 082 Other long-term receivables 5 081 3 488 6 078 Total long-term receivables and prepayments 11 226 10 440 14 160 Current accounts receivable and prepayments Trade receivables 696 172 1 083 131 1 180 873 Less credit loss allowance (29 182) (32 584) (34 568) Total trade receivable 666 990 1 050 547 1 146 305 Prepayments and other non-financial assets: VAT recoverable and prepaid 2 414 369 2 472 471 2 221 963 Advances to suppliers 362 510 261 421 483 538 Less allowance (14 169) (11 183) (14 233) Total prepayments and other non-financial assets 2 762 710 2 722 709 2 691 268 Other financial assets: Government bonds - - 17 340 Other receivables 14 011 16 467 14 350 Less credit loss allowance (4 697) (4 739) (4 768) Total other financial assets 9 314 11 728 26 922 Total current accounts receivable and prepayments 2 772 024 2 734 437 2 718 190 Total trade and other accounts receivable 3 439 014 3 784 984 3 864 495 (in thousands of Euros) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Long-term receivables and prepayments Advances to suppliers 120 139 165 Other long-term receivables 99 70 125 Total long-term receivables and prepayments 219 209 290 Current accounts receivable and prepayments Trade receivables 13 606 21 725 24 207 Less credit loss allowance (570) (654) (709) Total trade receivable 13 036 21 071 23 498 Prepayments and other non-financial assets: VAT recoverable and prepaid 47 186 49 594 45 549 Advances to suppliers 7 085 5 243 9 912 Less allowance (277) (224) (292) Total prepayments and other non-financial assets 53 994 54 613 55 169 Other financial assets: Government bonds - - 355 Other receivables 274 330 294 Less credit loss allowance (92) (95) (98) Total other financial assets 182 235 551 Total current accounts receivable and prepayments 54 176 54 848 55 720 Total trade and other accounts receivable 67 212 75 919 79 218
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 40 10. CASH AND CASH EQUIVALENTS Cash and cash equivalents as at 30 June are as follows: (in thousands of Ukrainian hryvnias) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Cash in banks in USD 2 409 756 1 393 904 944 561 Cash in banks in EUR 683 989 282 396 455 952 Cash in banks in UAH 376 432 325 327 91 905 Cash in banks in PLN 3 749 3 877 4 036 Cash in banks in CHF 857 514 43 Total cash in banks 3 474 783 2 006 018 1 496 497 Cash in transit in USD 42 416 - - Cash in transit in EUR 23 892 - - Cash on hand in UAH - 119 143 Total cash and cash equivalents 3 541 091 2 006 137 1 496 640 (in thousands of Euros) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Cash in banks in USD 47 096 27 959 19 363 Cash in banks in EUR 13 368 5 664 9 346 Cash in banks in UAH 7 357 6 525 1 884 Cash in banks in PLN 73 78 83 Cash in banks in CHF 17 10 1 Total cash in banks 67 911 40 236 30 677 Cash in transit in USD 829 - - Cash in transit in EUR 467 - - Cash on hand in UAH - 2 3 Total cash and cash equivalents 69 207 40 238 30 680 11. EQUITY Share capital ASTARTA HOLDING PLC has one class of common shares with par value of EUR 0.01. All shares have equal voting rights. The number of authorized shares as of 30 June 2026 is 30,000 thousand (2025: 30,000 thousand) and the number of issued and fully paid-up shares is 25,000 thousand (2025: 25,000 thousand). Share capital is as follows: 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) ASTARTA HOLDING PLC Ivanchyk family 44,19% 44,15% 42,23% Fairfax Financial Holdings LTD and its subsidiaries 29,91% 29,91% 29,91% Other shareholders 25,90% 25,94% 27,86% Total 100,00% 100,00% 100,00%
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 41 The earnings and weighted average number of ordinary shares used in calculation of earnings per share are as follows: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Net (loss)/profit attributable to equity holders of the company (714 277) 1 968 263 (14 068) 42 271 Weighted average basic shares outstanding (in thousands of shares) 24 470 24 470 24 470 24 470 Basic earnings per share attributable to shareholders of the company (29,19) 80,44 (0,57) 1,73 Weighted average diluted shares outstanding (in thousands of shares) 24 470 24 470 24 470 24 470 Diluted earnings per share attributable to shareholders of the company (29,19) 80,44 (0,57) 1,73 Treasury shares Aa at 30 June 2026, 31 December 2025 and 30 June 2025 the Group held 529,600 of treasury shares with the total cost of UAH 63,499 thousand (EUR 4,310 thousand). 12. LOANS AND BORROWINGS Loans and borrowings as at 30 June are as follows: (in thousands of Ukrainian hryvnias) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Long-term loans and borrowings: Bank loans 4 671 722 2 967 728 888 724 Transaction costs (26 348) (16 528) (1 596) Total long-term loans and borrowings 4 645 374 2 951 200 887 128 Current portion of long-term loans and borrowings: Bank loans 441 200 390 895 450 629 Transaction costs (10 753) (5 292) (2 342) Total current portion of long-term loans and borrowings 430 447 385 603 448 287 Short-term loans and borrowings: Bank loans 2 613 220 3 356 279 1 522 605 Total short-term loans and borrowings 2 613 220 3 356 279 1 522 605 Total loans and borrowings 7 689 041 6 693 082 2 858 020 (in thousands of Euros) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Long-term loans and borrowings: Bank loans 91 304 59 526 18 218 Transaction costs (515) (332) (33) Total long-term loans and borrowings 90 789 59 194 18 185 Current portion of long-term loans and borrowings: Bank loans 8 623 7 840 9 238 Transaction costs (210) (106) (48) Total current portion of long-term loans and borrowings 8 413 7 734 9 190 Short-term loans and borrowings: Bank loans 51 072 67 319 31 212 Total short-term loans and borrowings 51 072 67 319 31 212 Total loans and borrowings 150 274 134 247 58 587
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 42 Bank loans are secured as follows: (in thousands of Ukrainian hryvnias) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Property, plant and equipment 5 103 816 3 729 503 1 180 823 Short-term deposits 1 100 1 100 - Cash and cash equivalents - - 1 100 5 104 916 3 730 603 1 181 923 (in thousands of Euros) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Property, plant and equipment 99 748 74 805 27 236 Short-term deposits 21 22 - Cash and cash equivalents - - 25 99 769 74 827 27 261 13. OTHER LIABILITIES AND ACCOUNTS PAYABLE (in thousands of Ukrainian hryvnias) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Other long-term liabilities Long-term portion of deferred income 232 233 237 894 131 618 Provision for long-term incentive plan - 50 183 44 732 Other long-term liabilities 88 88 525 Total other long-term liabilities 232 321 288 165 176 875 Other current liabilities: Advances received from customers 90 465 91 064 42 998 VAT payable 1 848 23 007 31 886 Total other current liabilities 92 313 114 071 74 884 Other current accounts payable: Accrual for unused vacations 205 934 228 986 179 887 Accounts payable for property, plant and equipment 176 519 193 515 82 556 Salaries payable 101 002 105 977 87 261 Other taxes and charges payable 72 009 76 499 57 253 Provision for long-term incentive plan 52 739 - - Social insurance payable 24 881 25 709 20 873 Current portion of deferred income 11 347 11 283 11 283 Accrual for annual bonuses - 257 544 - Dividends payable - - 593 202 Other payables* 217 181 63 046 63 930 Total other current accounts payable 861 612 962 559 1 096 245 Total other current liabilities and accounts payable 953 925 1 076 630 1 171 129 * As at 30 June 2026, other payables include UAH 44,206 thousand or EUR 864 thousand provision for legal claims (30 June 2025: UAH 44,206 thousand or EUR 906 thousand).
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 43 (in thousands of Euros) 30 June 2026 31 December 2025 30 June 2025 (unaudited) (audited) (unaudited) Other long-term liabilities Long-term portion of deferred income 4 538 4 771 2 698 Provision for long-term incentive plan - 1 007 917 Other long-term liabilities 2 2 11 Total other long-term liabilities 4 540 5 780 3 626 Other current liabilities: Advances received from customers 1 768 1 827 881 VAT payable 36 461 654 Total other current liabilities 1 804 2 288 1 535 Other current accounts payable: Accrual for unused vacations 4 025 4 593 3 688 Accounts payable for property, plant and equipment 3 450 3 881 1 692 Salaries payable 1 974 2 126 1 789 Other taxes and charges payable 1 407 1 534 1 174 Provision for long-term incentive plan 1 031 - - Social insurance payable 486 516 428 Current portion of deferred income 222 226 231 Accrual for annual bonuses - 5 166 - Dividends payable - - 12 160 Other payables* 4 244 1 266 1 310 Total other current accounts payable 16 839 19 308 22 472 Total other current liabilities and accounts payable 18 643 21 596 24 007 14. REVENUES The Group derives revenue from the transfer of goods and services over time and at a point in time in the following major product lines. Revenues for the six months ended 30 June are as follows: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Sugar production* 3 647 153 3 603 017 71 556 79 493 Crops* 3 957 348 2 774 814 77 642 61 220 Soybean processing products* 2 584 968 2 474 669 50 716 54 598 Cattle farming 1 267 555 1 326 584 24 869 29 268 Other sales 85 930 92 474 1 685 2 040 Total revenues 11 542 954 10 271 558 226 468 226 619 * For the six months ended 30 June 2026 includes revenue from corn delivery services in amount of UAH 190,430 thousand or EUR 3,737 thousand, revenue from sugar delivery services in amount of UAH 31,067 thousand or EUR 610 thousand and revenue from soybean oil delivery services in amount of UAH 219 thous and or EUR 4 thousand (2025: revenue from corn delivery services in amount of UAH 56,138 thousand or EUR 1,238 thousand, revenue from sugar delivery services in amount of UAH 17,791 thousand or EUR 392 thousand and revenue from soybean oil delivery services in amount of UAH 1,669 thousand or EUR 37 thousand).
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 44 15. COST OF REVENUES Cost of revenues for the six months ended 30 June by product is as follows: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Sugar production* 3 202 412 2 637 133 62 838 58 144 Crops* 3 262 600 2 360 951 64 019 52 054 Soybean processing products* 2 126 210 1 954 697 41 720 43 097 Cattle farming 1 028 655 819 277 20 184 18 063 Other sales 78 276 72 439 1 536 1 597 Total cost of revenues 9 698 153 7 844 497 190 297 172 955 * For the six months ended 30 June 2026 includes cost of corn delivery services in amount of UAH 190,430 thousand or EUR 3,737 thousand, cost of sugar delivery services in amount of UAH 31,067 thousand or EUR 610 thousand and cost of soybean oil delivery services in amount of UAH 219 thousand or EUR 4 th ousand (2025: cost of corn delivery services in amount of UAH 56,138 thousand or EUR 1,238 thousand, cost of sugar delivery services in amount of UAH 17,791 thousand or EUR 392 thousand and cost of soybean oil delivery services in amount of UAH 1,669 thousand or EUR 37 thousand). Cost of revenues include effect of fair value measurement of agricultural produce in amount of UAH 1,305,908 thousand or EUR 25,625 thousand (2025: UAH 1,057,749 thousand or EUR 23,321 thousand). 16. GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses for the six months ended 30 June are as follows: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Salary and related charges* 464 420 443 477 9 105 9 738 Professional services 78 857 55 863 1 546 1 227 Depreciation 35 659 49 393 699 1 085 Fuel and other materials 15 414 12 113 302 266 Insurance 11 650 6 187 228 136 Rent 2 985 2 997 59 66 Office expenses 10 300 9 147 202 201 Taxes other than corporate income tax 6 474 4 531 127 99 Other 21 759 19 362 426 425 Total general and administrative expenses 647 518 603 070 12 694 13 243 *For the six months ended 30 June 2026 includes social contribution in amount of UAH 72,290 thousand or EUR 1,417 thousand (2025: UAH 65,553 thousand or EUR 1,440 thousand).
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 45 17. SELLING AND DISTRIBUTION EXPENSES Selling and distribution expenses for the six months ended 30 June are as follows: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Transportation 579 832 479 395 11 372 10 613 Storage and logistics 410 201 278 781 8 045 6 172 Salary and related charges* 63 847 56 601 1 252 1 253 Depreciation 34 368 30 938 674 685 Fuel and other materials 14 780 10 463 290 232 Professional services 14 282 11 487 280 254 Other 40 274 30 759 791 681 Total selling and distribution expenses 1 157 584 898 424 22 704 19 890 *For the six months ended 30 June 2026 includes social contribution in amount of UAH 11,113 thousand or EUR 219 thousand (2025: UAH 10,447 thousand or EUR 231 thousand). 18. OTHER OPERATING EXPENSES Other operating expenses for the six months ended 30 June are as follows: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Other salary and related charges* 77 073 68 267 1 510 1 498 Loss/(profit) on disposal of property, plant and equipment 37 325 (20 616) 731 (452) Charity and social expenses 27 370 53 960 536 1 184 Penalties paid 25 649 703 502 15 Depreciation 21 035 12 560 412 276 VAT written off 7 353 28 140 144 618 Land lease expenses 5 154 3 490 101 77 (Reversal of)/allowance for trade and other accounts receivable 2 476 (1 608) 48 (35) Other 22 743 16 510 446 361 Total other operating expenses 226 178 161 406 4 430 3 542 *For the six months ended 30 June 2026 includes social contribution in amount of UAH 3,555 thousand or EUR 70 thousand (2025: UAH 2,902 thousand or EUR 64 thousand). 19. FINANCE COSTS AND INCOME Finance (costs)/income for the six months ended 30 June is as follows: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Finance costs Interest expense Bank loans (206 286) (48 679) (4 043) (1 026) Net profit attributable to non-controlling interests of limited liability company subsidiaries (4 274) 2 396 (84) 51 Interest expense on lease liability (623 809) (548 283) (12 229) (12 110) Other finance costs (14 985) (33 075) (294) (697) Total finance costs (849 354) (627 641) (16 650) (13 782) Finance income Interest income 59 377 45 682 1 164 963 Other finance income - 727 - 15 Total finance income 59 377 46 409 1 164 978
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 46 20. INCOME TAX EXPENSE In 2026, 11 subsidiaries elected to pay a single tax of Group IV in lieu of other taxes (2025: 11 companies). Single tax of Group IV expense is included to cost of revenues. In 2026, no subsidiaries used the simplified taxation system and were single tax p ayers of Group III (2025: no subsidiaries used the simplified taxation system and were single tax payers of Group III). The remaining companies were subject to the Ukrainian corporate income tax at 18% rate (2025: 18%), Cypriot income tax rate of 15% (2025: 12,5%) and Switzerland income tax rate of 12,5% (2025: 12,5%). (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Current tax expenses 128 105 36 833 2 460 801 Deferred tax benefit (84 041) (19 824) (1 614) (431) 44 064 17 009 846 370 21. SEGMENT REPORTING An operating segment is a group of assets and operations engaged in providing products or services that are subject to risks and returns that are different from those of other operating segments. At 30 June 2026 and 2025, the group was organized into four main operating/ reportable segments: • production and wholesale distribution of sugar (sugar production); • growing and selling of grain and oilseeds crops (agriculture); • dairy cattle farming (cattle farming); • soybean processing. Other Group operations mainly comprise of the sales of natural gas, other products, and the provision of services, which are presented under 'Other sales'. Neither of these constitutes a separately reportable operating segment . Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision -maker that makes strategic decisions is the Board of Director s. Operating profit and net profit are the main measures of segment ’s profit or loss that the Group uses to evaluate performance and makes decisions about the allocation of resources. All unallocated items relate to overall Group’s operating activity and may not be allocated to the identified reporting segments. Unallocated assets mainly represent assets relating to corporate function, assets jointly used by segments and certain financial assets. Liabilities not allocated to segments are items related to corporate functions and certain financial liabilities.
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 47 The segment information for the six months ended 30 June is as follows: (in thousands of Ukrainian hryvnias) Sugar production Agriculture Cattle farming Soybean processing Unallocated Total 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) Revenues from external customers 3 647 153 3 603 017 3 957 348 2 774 814 1 267 555 1 326 584 2 584 968 2 474 669 85 930 92 474 11 542 954 10 271 558 Inter-segment revenues - - 1 140 527 1 470 467 - - - - - - 1 140 527 1 470 467 Cost of revenues (3 202 412) (2 637 133) (3 262 600) (2 360 951) (1 028 655) (819 277) (2 126 210) (1 954 697) (78 276) (72 439) (9 698 153) (7 844 497) Inter-segment cost of revenues - (6 693) - - (541 953) (470 263) (598 574) (993 511) - - (1 140 527) (1 470 467) Changes in fair value of biological assets and agricultural produce - - 791 855 1 715 377 (286 277) 67 381 - - - - 505 578 1 782 758 Gross profit 444 741 965 884 1 486 603 2 129 240 (47 377) 574 688 458 758 519 972 7 654 20 035 2 350 379 4 209 819 General and administrative expense (162 866) (170 377) (337 285) (296 808) (45 539) (65 193) (41 380) (37 942) (60 448) (32 750) (647 518) (603 070) Selling and distribution expense (377 181) (390 502) (509 976) (309 578) (16 498) (11 701) (253 119) (184 279) (810) (2 364) (1 157 584) (898 424) Other operating (expense) income (37 179) 7 554 (95 474) (32 235) (15 788) (12 248) (19 029) (26 410) (37 964) (75 387) (205 434) (138 726) Profit (loss) from operations (132 485) 412 559 543 868 1 490 619 (125 202) 485 546 145 230 271 341 (91 568) (90 466) 339 843 2 569 599 Interest expense on lease liability (22 737) (21 236) (571 328) (500 298) - - (1 594) (5) (28 150) (26 744) (623 809) (548 283) Foreign currency exchange gain (loss) (22 765) (7 308) (79 616) (30) - - (148 700) 6 249 27 572 (3 074) (223 509) (4 163) Interest expense (17 125) (5 537) (78 447) (27 130) - - (110 714) (16 012) - - (206 286) (48 679) Interest income - - - - - - - - 59 377 45 682 59 377 45 682 Other (expense) income - - - - - - - - (15 829) (28 884) (15 829) (28 884) Profit (loss) before tax (195 112) 378 478 (185 523) 963 161 (125 202) 485 546 (115 778) 261 573 (48 598) (103 486) (670 213) 1 985 272 Taxation - - - - - - - - (44 064) (17 009) (44 064) (17 009) Net profit (loss) (195 112) 378 478 (185 523) 963 161 (125 202) 485 546 (115 778) 261 573 (92 662) (120 495) (714 277) 1 968 263 Consolidated total assets 8 107 333 6 958 027 23 821 943 20 135 128 3 217 417 3 463 783 5 669 816 3 785 400 4 100 065 2 113 470 44 916 574 36 455 808 Consolidated total liabilities 1 313 089 849 690 11 561 670 8 277 987 1 020 20 315 4 277 588 558 899 912 198 1 234 471 18 065 565 10 941 362 Other segment information: Depreciation and amortisation 257 062 234 503 1 017 862 796 162 74 021 60 222 46 965 37 707 19 346 23 867 1 415 256 1 152 461 Additions to non-current assets: Property, plant and equipment 219 091 394 306 130 377 703 259 109 484 138 658 753 027 1 103 255 1 059 9 113 1 213 038 2 348 591 Intangible assets 218 2 045 177 8 919 70 58 18 794 1 260 2 354 188 21 613 12 470 Right-of-use asset 44 016 49 768 1 445 585 1 085 315 - - 1 573 166 5 732 389 1 496 906 1 135 638
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 48 The segment information for the six months ended 30 June is as follows: (in thousands of Euros) Sugar production Agriculture Cattle farming Soybean processing Unallocated Total 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) Revenues from external customers 71 556 79 493 77 642 61 220 24 869 29 268 50 716 54 598 1 685 2 040 226 468 226 619 Inter-segment revenues - - 22 377 32 443 - - - - - - 22 377 32 443 Cost of revenues (62 838) (58 144) (64 019) (52 054) (20 184) (18 063) (41 720) (43 097) (1 536) (1 597) (190 297) (172 955) Inter-segment cost of revenues - (148) - - (10 633) (10 375) (11 744) (21 920) - - (22 377) (32 443) Changes in fair value of biological assets and agricultural produce - - 15 404 36 607 (5 569) 1 438 - - - - 9 835 38 045 Gross profit 8 718 21 349 29 027 45 773 (884) 12 643 8 996 11 501 149 443 46 006 91 709 General and administrative expense (3 193) (3 741) (6 612) (6 518) (893) (1 432) (811) (833) (1 185) (719) (12 694) (13 243) Selling and distribution expense (7 398) (8 645) (10 002) (6 854) (324) (259) (4 964) (4 080) (16) (52) (22 704) (19 890) Other operating (expense) income (729) 166 (1 870) (708) (310) (269) (372) (580) (743) (1 654) (4 024) (3 045) Profit (loss) from operations (2 602) 9 129 10 543 31 693 (2 411) 10 683 2 849 6 008 (1 795) (1 982) 6 584 55 531 Interest expense on lease liability (446) (469) (11 200) (11 050) - - (31) - (552) (591) (12 229) (12 110) Foreign currency exchange gain (loss) (447) (193) (1 563) (1) - - (2 919) 165 542 (81) (4 387) (110) Interest expense (336) (117) (1 538) (572) - - (2 169) (337) - - (4 043) (1 026) Interest income - - - - - - - - 1 164 963 1 164 963 Other (expense) income - - - - - - - - (311) (607) (311) (607) Profit (loss) before tax (3 831) 8 350 (3 758) 20 070 (2 411) 10 683 (2 270) 5 836 (952) (2 298) (13 222) 42 641 Taxation - - - - - - - - (846) (370) (846) (370) Net profit (loss) (3 831) 8 350 (3 758) 20 070 (2 411) 10 683 (2 270) 5 836 (1 798) (2 668) (14 068) 42 271 Consolidated total assets 158 449 142 634 465 573 412 755 62 881 71 005 110 810 77 598 80 128 43 324 877 841 747 316 Consolidated total liabilities 25 663 17 418 225 960 169 692 20 416 83 601 11 457 17 827 25 307 353 071 224 290 Other segment information: Depreciation and amortisation 5 038 5 157 19 948 17 509 1 451 1 324 920 829 379 526 27 736 25 345 Additions to non-current assets: Property, plant and equipment 4 294 8 671 2 555 15 466 2 146 3 049 14 758 24 263 20 201 23 773 51 650 Intangible assets 4 45 3 196 1 1 369 28 47 4 424 274 Right-of-use asset 863 1 094 28 330 23 868 - - 31 4 112 9 29 336 24 975
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 49 22. RELATED PARTY TRANSACTIONS The Group enters into transactions with related parties in the ordinary course of business. Related parties comprise the Group’s shareholders, companies that are under control of the Group’s shareholders, key management personnel and their close family mem bers and companies that are controlled or significantly influenced by the shareholders. Prices for related party transactions are determined on a market basis. The following table summarises transactions that ha d been entered into with the c ompanies under control of one of the shareholders with significant influence over the Group for the six months ended 30 June: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Sales to related parties 4 397 3 181 86 68 Purchases from related parties 35 431 32 364 694 688 Other transaction with related parties* - 4 500 - 96 *During the six months ended 30 June 2025 the Group provided non -refundable financial assistance to a related charitable foundation in amount of UAH 4,500 thousand or EUR 96 thousand. The following tables summarise balances with the companies under control of one of the shareholders with significant influence over the Group as at 30 June: (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Long-term advances to suppliers 5 990 6 028 117 124 Trade accounts receivable 186 81 4 2 Other long-term receivables 331 662 6 14 Other receivables 324 321 6 7 Advances to suppliers - 7 800 - 160 Amounts owed by related parties 6 831 14 892 133 307 (in thousands of Ukrainian hryvnias) (in thousands of Euros) 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Trade accounts payable 4 215 3 958 82 81 Advances received from customers 628 638 12 13 Other payables 136 - 3 - Dividends payable - 250 486 - 5 278 Amounts owed to related parties 4 979 255 082 97 5 372 Other transactions The Group rents office premises from related parties under control of the shareholder with significant influence over the Group and has accounted these lease agreements according IFRS 16. As at 30 June 2026 the Group had the lease liability in amount of UAH 336,575 thousand or EUR 6,578 thousand and respective right-of-use asset in amount of UAH 165,320 thousand or EUR 3,231 thousand (2025: UAH 318,972 thousand or EUR 6,539 thousand and UAH 178,540 thousand or EUR 3,660 thousand respectively) (Note 6). Duri ng six months ended 30 June 2026 the Group recognized depreciation charge of right -of-use asset in amount of UAH 10,323 thousand or EUR 202 thousand as General and administrative expenses (2025: UAH 11,462 thousand or EUR 244 thousand) (Note 6 and Note 16) . During six months ended 30 June 2026 the interest expense was charged in amount of UAH 28,016 thousand or EUR 549 thousand (2025: UAH 26,498 thousand or EUR 589 thousand) (Note 6 and Note 19). The Group rents land plots from related parties and has accounted these lease agreements according to IFRS 16. As at 30 June 2026 the Group had the lease liability in amount of UAH 60,622 thousand or EUR 1,185 thousand and respective right -of-use asset in amount of UAH 55,949 thousand or EUR 1,093 thousand (2025: UAH 46,054
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ASTARTA HOLDING PLC Condensed consolidated financial statements as at and for the six months ended 30 June 2026 50 thousand or EUR 944 thousand respectively and UAH 43,690 thousand or EUR 896 thousand) (Note 6). During six months ended 30 June 2026 the Group recognized depreciation charge of right-of-use asset in amount of UAH 2,144 thousand or EUR 42 thousand as Cost of sales (2025: UAH 1,704 thousand or EUR 36 thousand). During six months ended 30 June 2026 the interest expense was charged in amount of UAH 4,691 thousand or EUR 92 thousand (2025: UAH 3,523 thousand or EUR 78 thousand) (Note 6, Note 19). 23. EVENTS SUBSEQUENT TO THE REPORTING DATE On 3 July 2026, the potential buyer obtained clearance from the Antimonopoly Committee of Ukraine to acquire control over LLC “Chernihiv Eko Plus”. Starting from the end of July 2026, the parties commenced an implementation of preliminary arrangements, including the transfer of operational management of the entity to the potential buyer. As at the date of approval of these condensed consolidated interim financial statements, the transaction had not been completed and is expected to be finalised by the end of 2026.