Interim report
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TTS (TRANSPORT TRADE SERVICES) S.A. UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 PREPARED IN ACCORDANCE WITH THE INTERNATIONAL ACCOUNTING STANDARD 34 - "INTERIM FINANCIAL REPORTING" AS ADOPTED BY THE EUROPEAN UNION
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CONTENTS: PAGE: INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 1 INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2 – 3 INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 4 – 5 INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 6 – 7 NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 8– 24
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TTS (TRANSPORT TRADE SERVICES) S.A. INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 1 Note Period ended June, 2026 Period ended June, 2025 (unaudited) (unaudited) Revenue 3 321,436,964 319,836,650 Other operating income 3 2,799,908 2,840,228 Raw materials and materials (41,922,456) (34,293,735) Cost of merchandise sold (16,652,897) (15,984,047) Depreciation and amortization (42,768,413) (48,904,478) Subcontractor’s expenses (119,242,677) (122,341,512) Payroll expenses (77,528,253) (90,547,019) Other expenses 4 (18,790,531) (18,821,560) Other gains 9,184,297 5,968,578 Other losses (5,764,396) (9,165,929) Operating result 10,751,546 (11,412,824) Share of (loss)/profit of associates (254,805) 98,803 Finance income 1,010,764 1,107,362 Finance costs (7,977,716) (4,876,057) Profit/(Loss) before tax 3,529,789 (15,082,716) Income tax expense (3,300,341) (3,768,871) Profit/(Loss) for the period: 229,448 (18,851,587) Other comprehensive income Items that will be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations 146,909 171,122 Net other comprehensive profit or loss that will be reclassified to profit or loss in subsequent periods 146,909 171,122 Total comprehensive income/(loss) for the period, net of tax 376,357 (18,680,465) Profit/(Loss) for the period attributable to: Owners of the Company 4,363,353 (17,225,125) Non-controlling interests (4,133,905) (1,626,462) Total comprehensive income/(loss) for the period attributable to: Owners of the Company 4,510,262 (17,054,003) Non-controlling interests (4,133,905) (1,626,462) No of shares 180,000,000 180,000,000 Number of shares – average - during the period 180,000,000 179,875,459 Basic and diluted (loss)/profit for the year attributable to ordinary equity holders of the parent 0.0242 (0.0958) These interim condensed consolidated financial statements have been approved by the Board of Directors, and authorized to be issued on August 31, 2026, by: STANCIU ION FLORESCU NICOLETA CEO CFO
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TTS (TRANSPORT TRADE SERVICES) S.A. INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 2 Note June 30, 2026 December 31, 2025 ACTIVE (unaudited) (audited) Non-current assets Property, plant and equipment 6 1,023,873,606 1,028,330,295 Goodwill 32,319,054 32,319,054 Intangible assets 1,120,754 1,172,417 Right of use assets 56,058,670 49,236,236 Investments in associates 7 8,103,599 8,491,568 Other non-current assets 4,003,370 4,545,990 Total Non-current assets 1,125,479,053 1,124,095,560 Current assets Inventories 26,105,083 26,465,727 Trade and other receivables 51,206,603 65,672,439 Contract assets 2,587,442 2,326,818 Other current assets 17,715,948 20,000,130 Profit tax to be recovered 8,807,520 11,337,174 Cash and cash equivalents 88,801,165 80,236,677 Total current assets 195,223,781 206,038,965 Total assets 1,320,702,834 1,330,134,525 EQUITY AND LIABILITIES Capital and reserves Share capital 8 181,739,602 181,739,602 Reserves 388,404,870 375,972,072 Retained earnings 302,474,638 323,898,643 Equity attributable to the shareholders of the parent company 872,619,110 881,610,317 Non-controlling interests 131,197,445 135,336,090 Total Equity 1,003,816,555 1,016,946,407 Non-current liabilities Interest-bearing loans 9 111,544,171 101,121,820 Government Grants 16,615,837 17,055,774 Long term lease liability 57,841,828 49,533,010 Other long-term liabilities 3,691,382 5,157,150 Deferred tax liabilities 18,127,214 18,405,691 Total non-current liabilities 207,820,432 191,273,445
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TTS (TRANSPORT TRADE SERVICES) S.A. INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 3 Note June 30, 2026 December 31, 2025 (unaudited) (audited) Current liabilities Trade and other payables 32,361,135 27,291,799 Contract liabilities 5,765,172 8,524,654 Government grants 1,096,265 1,124,209 Lease liabilities 3,260,891 2,426,995 Interest bearing loans and borrowings 9 42,896,406 50,944,850 Provisions for risks and charges 1,755,599 3,771,323 Income tax liability 632,947 934,539 Other current liabilities 21,297,432 26,896,304 Total current liabilities 109,065,847 121,914,673 Total liabilities 316,886,279 313,188,118 Total equity and liabilities 1,320,702,834 1,330,134,525 These interim condensed consolidated financial statements have been approved by the Board of Directors, and authorized to be issued on August 31, 2026, by: STANCIU ION FLORESCU NICOLETA CEO CFO
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TTS (TRANSPORT TRADE SERVICES) S.A. INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 4 Share capital Treasury Shares Legal reserves Other Reserves Revaluation Reserves Retained earnings Translation reserve Attributable to owners of the parent Non- controlling interests Total Balance as of January 1, 2026, (audited) 181,739,602 - 17,174,600 270,462,105 90,550,664 323,898,643 (2,215,297) 881,610,317 135,336,090 1,016,946,407 Profit for the period - - - - - 4,363,353 4,363,353 (4,133,905) 229,448 Other comprehensive income - - - - - - 146,909 146,909 - 146,609 Total comprehensive income - - - - - 4,363,353 146,909 4,510,262 (4,133,905) 376,357 Transfers between reserves - - - 12,285,889 - (12,285,889) - - - - Dividends distributed - - - - - (13,500,000) - (13,500,000) - (13,500,000) Increase in percentage held in subsidiaries - - - - - (1,470) - (1,470) (4,739) (6,209) Balance as of June 30, 2026 (unaudited) 181,739,602 - 17,174,600 282,747,994 90,550,664 302,474,637 (2,068,388) 872,619,109 131,197,446 1,003,816,555 As of June 30, 2026, the share capital was 180,000,000 RON divided into 180,000,000 shares with a nominal value of 1 leu, all issued shares are paid in full. The inflated value of the share capital according to IAS 29 as a result of the restatement of the financial statements according to OMFP 2844/2016 is in the amount of RON 181,739,602. These condensed consolidated financial statements have been approved by the Board of Directors, and authorized to be issued on August 31, 2026, by: STANCIU ION FLORESCU NICOLETA CEO CFO
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TTS (TRANSPORT TRADE SERVICES) S.A. INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 5 Share capital Treasury Shares Legal reserves Other Reserves Revaluation Reserves Retained earnings Translation reserve Attributable to owners of the parent Non- controlling interests Total Balance as of January 1, 2025 181,739,602 (2,965,789) 15,516,851 270,762,357 90,550,664 368,308,706 (2,395,707) 921,516,684 133,557,257 1,055,073,941 (audited) Profit /(Loss) for the year - - - - - (12,246,972) - (12,246,972) 1,729,229 (10,517,743) Other comprehensive loss - - - - - - 180,410 180,410 - 180,410 Total comprehensive income - - - - (12,246,972) 180,410 (12,066,562) 1,729,229 (10,337,333) Transfers between reserves - 1,657,749 2,672,198 (4,329,947) - - - - Treasury shares - 2,965,789 - (2,972,450) 6,661 Dividends distributed - - - - (27,900,000) - (27,900,000) - (27,900,000) Increase in percentage held in subsidiaries - - - - - 24,143 - 24,143 (47,020) (22,877) Decrease in ownership of AGT - - - - - 36,052 36,052 96,624 132,676 Balance as of December 31, 2025 (audited) 181,739,602 - 17,174,800 270,462,105 90,550,664 323,898,643 (2,215,297) 881,610,317 135,336,090 1,016,946,407 As of June 30, 2026, the share capital was 180,000,000 RON divided into 180,000,000 shares with a nominal value of 1 leu, all issued shares are paid in full. Following the resolutions of the (OGMS) from April 4, 2022 and the (EGMS) from November 17,2023, as well as Decision no. 2 dated February 28, 2025, of the Board of Directors of TTS, approving the completion of the first stage of the implementation of the SOP program and the free allocation, following the exercise of options, of 331,500 shares held by the Company - representing 0.18417% of the Company’s share capital - to employees and members of the management TTS and its subsidiaries, who have made a significant contribution to the development of the TTS group. As of December 31, 2025, the Company no longer held any treasury shares, all issued shares being in the market. The inflated value of the share capital according to IAS 29 as a result of the restatement of the financial statements according to OMFP 2844/2016 is in the amount of RON 181,739,602. These condensed consolidated financial statements have been approved by the Board of Directors, and authorized to be issued on August 31, 2026, by: STANCIU ION FLORESCU NICOLETA CEO CFO
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TTS (TRANSPORT TRADE SERVICES) S.A. INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 6 Period ended June 30, 2026 Period ended June 30, 2025 Note Cash flows from activities of exploitation: (unaudited) (unaudited) (Loss)/Profit before tax 3,529,789 (15,082,716) Adjustments for non-monetary items: Depreciation, amortization, and impairment 6 42,768,413 48,904,478 (Loss) of Impairment of property, plant and equipment 6 (809,182) (835,624) Interest expense 4,335,346 4,435,602 Interest income (952,400) (1,097,248) Loss / (Gain) from disposals of property plant and equipment 873,133 (124,336) (Reversal of) Estimated credit losses (287,918) (751,460) (Decrease) in provision for risks and charges (2,015,724) (1,268,258) Share of profit of associates 253,566 206,500 Net foreign exchange differences 257,689 1,555,433 Income from government grants (467,881) (418,804) Fair value loss/(gain) on derivative financial instruments 254,880 - Operating Profit before working capital changes 47,739,711 35,523,567 Changes in operating assets and liabilities: Decrease / (Increase) in trade and other receivables 18,056,696 (10,037,940) Decrease in inventories 477,089 925,340 (Decrease) / Increase trade and other payables (4,260,787) 18,300,060 Cash generated from operations 62,012,709 44,711,027 Interest paid (4,335,346) (4,435,602) Income tax paid (1,127,477) (2,381,265) Net cash flow from operations 56,549,886 37,894,160 Investment activities: Purchases of tangible and intangible assets (37,550,017) (89,919,340) Proceeds from sale of property plant and equipment 2,880,748 4,402,138 Dividends cashed in from investments 134,403 - Interest received 952,400 1,097,250 Cash flow used in investing activities (33,582,466) (84,419,952)
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TTS (TRANSPORT TRADE SERVICES) S.A. INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 7 Period ended June 30, 2026 Period ended June 30, 2025 Note (unaudited) (unaudited) Financing activities: Dividends paid (13,491,963) (27,875,280) Proceeds from borrowings 25,288,736 58,889,112 Repayment of borrowings (25,968,638) (24,139,344) Payment for acquisition of non- controlling interest (6,210) (10,728) (Payment) of principal amounts of lease liabilities (1,809,902) (825,440) Cash flow from/ (used in) financing activities (15,987,977) 6,038,320 Net increase/(decreases) in cash and cash equivalents 6,979,443 (40,487,472) Cash and cash equivalents at the beginning of the period 80,236,677 129,244,930 Effect of exchange rate changes on cash and cash equivalents 1,585,065 (2,446,574) Cash and cash equivalents at the end of the period 88,801,185 86,310,884 These interim condensed consolidated financial statements have been approved by the Board of Directors, and authorized to be issued on August 31, 2026, by: STANCIU ION FLORESCU NICOLETA CEO CFO
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 8 1. GENERAL INFORMATION TTS (Transport Trade Services) SA (hereinafter referred to as "the Company") is a company established in Romania in 1997, with its registered office in str. Vaselor nr. 27, Bucharest. The object of activity of the Company and of the group entities includes international freight expedition, transport, mainly inland waterway transport and port operation. The company offers integrated services, from taking over the goods in a river or a seaport, to the point of destination. The company's condensed financial statements at and for the period ending June 30, 2026, comprise the Company and its subsidiaries (collectively referred to as the "Group" and individually as "Group entities"). As of June 30, 2026, the Company held, directly or through other subsidiaries, investments in the following entities: CNFR NAVROM SA is a joint stock company founded in 1991 in which TTS (Transport Trade Services) SA holds 92.20387% (2025: 92.20191%) of the share capital, the rest being owned by various individuals. The headquarters of the company is located on str. Portului nr. 34. jud. Galați. The main object of activity of the entity is the transport of goods on inland waterways (CAEN code 5040). CANOPUS STAR SRL is a limited liability company founded in 2001 in which TTS (Transport Trade Services) SA holds 51% of the share capital. The headquarters of the company are located on the North Pier Port Precinct Km1+ 100, The Administrative Building et.1, jud. Constanta. The main object of activity is the handling of cereals in the terminal of 110 thousand tons capacity located in Constanta Port (CAEN code 5224). TTS PORTURI FLUVIALE SRL is a joint stock company founded in 1996; in which TTS (Transport Trade Services) SA holds 100% of the total share capital. The headquarters of the company is located on str. 11th Siret Regiment, jud. Galați. The main object of activity is the handling of goods in the ports located on the Danube (CAEN code 5224). TTS OPERATOR SRL is a limited liability company established in 1994 in which TTS (Transport Trade Services) S.A. holds 90% of the total share capital. The headquarters of the company are located in The Port Precinct, str. North Breakwater Km1+ 100, Administrative Building et.1, jud. Constanta. The main object of activity is the loading and unloading operations of river an d sea vessels in Constanta Port (CAEN code 5224). DECIROM SA is a joint stock company founded in 1991 in which TTS (Transport Trade Services) SA has a direct ownership of 99.9% of the total share capital. After the acquisition, as a result of the increase in the share capital, the ownership percentage became 99.9393%. The headquarters of the company are located on Incinta Port, Poarta 3, 900900, district Constanta. The main object of activity is the loading and unloading operations of river and sea vessels in Constanta Port (CAEN code 5224) AGRIMOL TRADE SA is a limited liability company founded in 2010 in which TTS (Transport Trade Services) SA owns 9 4.9772%. The headquarters of the company are located on str. Vaselor nr. 34. Bucharest. The main object of activity is intermediaries in the sale of various products; the company being currently specialized in the export of wood products (CAEN code 4619). Bunker Trade Logistics SRL is a limited liability company founded in 2013 in which TTS (Transport Trade Services) SA indirect ly owns 92.20387% through CNFR Navrom SA. The headquarters of the company are located on Constanta, inside the Port. The main object of activity is activities auxiliary to water transport (CAEN code 5222). TTS (Transport Trade Services) GMBH is a limited liability entity established in 2014 in which TTS (Transport Trade Services) SA holds 75% of the share capital. The company's registered office is located in 15b Lerchengasse, Langerzersdorf Austria. The main object of activity is transport intermediation activities. NAVROM BAC SRL is a limited liability company founded in 1999, in which TTS (Transport Trade Services) SA holds 92.20387% of the indirect share capital, through CNFR Navrom SA The headquarters of the company are located on str. Cliff Danube, nr. 1, jud. Galați. The main object of activity is the transport of passengers by inland waterway (CAEN code 5030) NAVROM SHIPYARD SRL is a limited liability company founded in 1999, in which TTS (Transport Trade Services) SA indirectly own s, through CNFR Navrom SA 92.20287% of the share capital. The main object of activity is the repair and maintenance of ships and boats (CAEN code 3315).
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 9 1. GENERAL INFORMATION (continued) SUPERQUATRO Grup SRL is a limited liability company based in Galați, str. Portului nr. 20. TTS (Transport Trade Services) SA owns 92.20387% of Superquatro Grup S.R.L., indirectly through CNFR Navrom SA. The main object of activity is the performance of hydrotechnical works (CAEN code 4291). TRANSTERMINAL-SRL is a limited liability company founded in 2006 in which TTS (Transport Trade Services) SA owns 20%. The headquarters of the company are located on str. Grădina Botanică, nr. 14/3, Chisinau. The main object of activity is the railway freight transport. NAVROM PORT SERVICE SA is a joint stock company founded in 1999 in which TTS (Transport Trade Services) SA holds 49.9772% through CNFR Navrom S.A. The headquarters of the company are located on str. Portului, nr. 39, jud . Galați. The main object of activity is the transport of goods on inland waterways (CAEN code 5040). PLIMSOLL Zrt is a joint -stock company founded in April 1992 in which TTS (Transport Trade Services) S.A. has a direct ownership of 51%. TTS (Transport Trade Services) SA acquired on 20 June 2016 51% of the shares. The headquarters of the company are located on str. Frangepan, nr. 1139, Budapest, Hungary. The main object of activity is rail and river transport, intermediation activiti es for transport. PORT OF FAJSZ kft is a limited liability company established in 2004, in which the Company has a direct 100% ownership of TTS (Transport Trade Services) SA acquired on 27 June 2019 a 100% stake in the securities. The company's registered office is located on Fajsz, lot No 076/2, Hungary. The main object of activity is the services auxiliary to water transport. At the time of acquisition, the company had the name of EZUSTBARKA kft, the change of name to PORT OF FAJSZ kft occurred on 30.08.2019. GIF LEASING IFN is a limited liability company established in 2004 in which TTS (Transport Trade Services) SA holds 7.7014% o f the share capital. The headquarters of the company are located on str. Negustori, nr. 24, Bucharest. The main object of activity is financial leasing operations (CAEN code 6491). This company is currently in advanced liquidation proceedings
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 10 1. GENERAL INFORMATION (continued) Name of investment Core Business Place of establishment and operations Type June 30, 2026 December 31, 2025 % % CNFR Navrom SA Transportation of goods on rivers Galați, Romania Subsidiary 92.20387 92.20191 Canopus Star SRL Handling of goods Constanța, Romania Subsidiary 51 51 TTS Porturi Fluviale SRL Handling of goods Galați, Romania Subsidiary 100 100 TTS Operator SRL Handling of goods Constanța, Romania Subsidiary 90 90 Decirom SA Handling of goods Constanța, Romania Subsidiary 99.9393 99.9393 Navrom Bac SRL transportation on rivers Galați, Romania Subsidiary 92.20387 92.20191 Navrom Shipyard SRL Repair and maintenance of ships and boats Galați, Romania Subsidiary 92.20287 92.20091 Superquatro Group SRL Hydrotechnical works Galați, Romania Subsidiary 92.20387 92.20191 TTS (Transport Trade Services) Gmbh Complementary activities related to transport Austria Subsidiary 75 75 Plimsoll Zrt Complementary activities related to transport Budapest, Hungary Subsidiary 51 51 Port of Fajsz Kft Handling of goods Fajsz, Hungary Subsidiary 100 100 Agrimol Trade SA Trading various products Bucharest, Romania Subsidiary 94.9772 94.9772 Bunker Trade Logistics SRL Complementary activities related to transport Constanța, Romania Subsidiary 92.20387 92.20191 Transterminal-S SRL Railway transportation of goods Chisinau, Rep. Moldova Associate 20 20 Navrom Port Service SA River transportation of goods Galați, Romania Associate 49.98 49.98 GIF Leasing IFN Finance lease Bucharest, Romania Investment 7.7014 7.7014 CONSOLIDATION PERIMETER TTS (Transport Trade Services) S.A. prepares condensed financial statements for the period ended June 30, 2026. Condensed financial statements include the financial statements of TTS (Transport Trade Services) S.A. (the "Company") and subsidiaries CNFR Navrom SA, Canopus Star SRL, TTS Porturi Fluviale SRL, TTS Operator SRL, Decirom SA, Navrom Bac SRL, Navrom Shipyard SRL, Agrimol Trade SA, Bunker Trade Logistic SRL, TTS (Transport Trade Services) GMBH, Superquatro Group SRL, Plimsoll Kft, and Port of Fajsz Kft named "The Group". Subsidiaries are consolidated from the date on which the Company prepares for the first time the initial consolidated balance sheet – 1 January 2011 in accordance with the requirements of the international financial reporting standards adopted by the EU.
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 11 2. MAIN ACCOUNTING POLICIES 2.1 Declaration of conformity The condensed consolidated financial statements for the period ending June 30, 2026, have been prepared in accordance with the International Financial Reporting Standards (IFRS) applicable to interim reporting, as adopted by the European Union. The condensed consolidated interim financial statements do not include all the disclosures and elements required for the annu al consolidated financial statements and should be read in conjunction with the consolidated annual financial statements of TTS (Transport Trade Services) S.A. as of December 31, 2025. The condensed consolidated interim financial statements for the period January 1 , to June 30, 2026, are unaudited and have not been reviewed by an external auditor. The accounting methods and policies applied by the Company and the group entities in these condensed interim consolidated financial statements are the same as those applied in the individual and consolidated financial statements as at the date and for the financial year ended as of December 31, 2025. 2.2 Basics of preparation Condensed financial statements have been prepared on the basis of historical cost, with the exception of certain financial instruments that are measured at revalued value or fair value as explained in the Hotel policies Accounting. Historical cost is generally based on the fair value of the consideration made in exchange for the assets. The condensed financial statements were drawn up on the basis of the business continuity principle, according to the convention of historical cost adjusted to the effects of hyperinflation until 31 December 200 4 for capital social, reserves and investments. These financial statements were prepared on the basis of statutory accounting records in accordance with the Accounting Principles of Romania, which were adjusted to comply with the IFRS adopted by the EU. The principle of business continuity. The company operates on the basis of the principle of continuity of activity. This principle presupposes that the entity normally continues its operation without going into liquidation or significant reduction in business. 2.3 Accounting estimates The entity makes certain estimates and assumptions about the future. Estimates and judgments are continuously evaluated based on historical experience and other factors, including expectations about future events deemed reasonable in the given circumstances. In the future, actual experience may differ from these estimates and assumptions. 3. REVENUE FROM CONTRACTS WITH CUSTOMERS The following is an analysis of the Group’s revenue for the year from continuing operations: Period ended June 30, 2026 Period ended June 30, 2025 (unaudited) (unaudited) Revenue from sales of merchandises 21,763,139 19,817,493 Other operating revenues 2,779,908 2,840,228 Revenues from sales of finished products 58,495 187,008 Revenue from rendering of services 290,770,136 290,663,011 Revenue from other activities 8,845,194 9,169,138 Total 324,236,872 322,676,878 Revenue from contracts with customers 324,236,872 322,676,878 Revenue from segment information (note 5) 321,436,963 319,836,650 Other operating revenue (note 5) 2,799,909 2,840,228 Total Revenue 324,236,872 322,676,878
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 12 For more details, please see also note 5 Segment revenue. Other operating revenues relates to variable considerations from contracts with customers, mainly penalties. In accordance with the timing of revenue recognition, the classification of revenue from the sale of services for the period ended on June 30, 2025, is presented as follows: Period ended June 30, 2026 Period ended June 30, 2025 (unaudited) (unaudited) Revenue recognized over time 283,605,607 288,849,716 Revenues recognized at a point in time (merchandise, finished goods, construction) 40,631,265 33,827,162 Total 324,236,872 322,676,878 4. OTHER EXPENSES Period ended June 30, 2026 Period ended June 30, 2025 (unaudited) (unaudited) Electricity expenses 4,381,462 3,623,143 Repairs 4,551,341 4,327,552 Rent expenses 957,234 1,564,390 Insurance expenses 3,335,491 3,353,610 Training 234,677 280,914 Transportation services 1,283,474 1,632,088 Legal Expenses 473,600 323,646 Advertising and marketing expenses 407,063 475,128 Travel expense 273,117 434,814 Communication expenses 566,095 619,162 Other taxes, charges and similar expenses 2,326,977 2,187,113 Total 18,790,531 18,821,560 5. SEGMENT INFORMATION The Group’s core business is transportation of goods on the Danube and other complementary services related to the transportation of good such as handling of goods, loading and unloading, storage. The information reported to the main decision -maker on operations for the allocation of resources and the evaluation of the performance of the segments takes into account the type of activities – forwarding, river transport, port operation services, and other services (repairs of the transport ation fleet, distribution of various goods - timber, fuel, lubricants -, hydrotechnical works, bunkering services).
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 13 5. SEGMENT INFORMATION (continued) Revenue and results by segment We present below the analysis of the Group's revenues and results from continuous operations on reportable segments: Period ended June 30, 2026 (unaudited) Total Forwarding River Transport Port operation Other Intersegments Income 321,436,964 226,105,830 149,991,837 56,247,745 39,267,956 (150,176,404) Other operating revenue 2,799,908 1,297,902 1,913,721 172,206 33,078 (616,999) Cost of merchandise sold (16,652,897) - - - (16,652,897) - Raw materials and consumables (41,920,850) (110,780) (33,986,294) (5,896,773) (1,960,155) 33,152 Depreciation and amortization (42,768,413) (2,403,120) (24,961,054) (13,483,690) (1,920,549) - Packaging costs (1,606) - (675) (931) - - Subcontractor’s expenses (119,242,677) (197,597,715) (46,060,458) (11,604,385) (7,945,114) 143,964,995 Payroll expenses (77,528,253) (8,542,694) (33,937,667) (26,934,988) (8,112,904) - Electricity, heating, and water (4,381,463) (81,755) (1,076,002) (2,220,103) (1,063,904) 60,301 Maintenance and repair expenses (4,551,341) (845,350) (5,598,716) (2,196,589) (200,154) 4,289,468 Other expenses (9,857,727) (1,623,623) (4,782,164) (4,040,770) (1,139,197) 1,728,027 Other gains 9,878,444 3,235,374 2,412,863 3,733,212 554,222 (54,227) Other losses (6,458,543) (829,200) (3,,219,582) (2,572,510) (457,695) 620,444 Operating result 10,751,546 18,604,869 695,809 (8,797,576) 402,687 (154,243) Result of shares in associates (254,805) Finance income 1,010,764 Finance costs (7,977,716) Profit before tax 3,529,789 Income tax expense (3,300,341) Profit for the period attributable 229,448
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 14 5. SEGMENT INFORMATION (continued) Revenue and results by segment (continued) We present below the analysis of the Group's revenues and results from continuous operations on reportable segments: Period ended June 30, 2025 (unaudited) Total Forwarding River Transport Port operation Other Intersegments Income 319,836,650 229,173,247 141,220,090 57,918,157 29,023,484 (137,498,328) Other operating revenue 2,840,228 1,036,335 1,922,681 438,017 3,274 (560,079) Cost of merchandise sold (15,984,047) - (94,193) - (15,889,854) - Raw materials and consumables (34,290,585) (100,673) (29,766,745) (3,908,400) (570,965) 56,198 Depreciation and amortization (48,904,478) (2,776,481) (28,828,189) (15,584,360) (1,715,448) - Packaging costs (3,150) - (2,391) (759) - - Subcontractor’s expenses (122,341,512) (195,152,086) (44,361,945) (11,392,841) (3,404,053) 131,969,413 Payroll expenses (90,547,019) (8,370,241) (44,672,927) (27,285,690) (10,218,161) - Electricity, heating, and water (3,623,143) (101,251) (993,046) (2,044,497) (517,363) 33,014 Maintenance and repair expenses (4,327,552) (963,711) (4,392,570) (1,803,650) (153,128) 2,985,507 Other expenses (10,870,865) (1,716,176) (4,931,215) (5,547,127) (1,210,792) 2,534,445 Other gains 6,063,265 570,030 3,134,912 1,409,450 1,084,915 (136,042) Other losses (9,260,616) (4,312,209) (4,332,455) (617,804) (570,183) 572,035 Operating result (11,412,824) 17,286,784 (16,097,993) (8,419,504) (4,138,274) (43,837) Result of shares in associates 98,803 Finance income 1,107,362 Finance costs (4,876,057) Result before tax (15,082,716) Income tax expense (3,768,871) (Loss) for the period attributable (18,851,587)
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 15 5. SEGMENT INFORMATION (continued) We present below the analysis of the Group's revenues and results from continuous operations on reportable segments: The accounting policies relating to reportable segments are the same as the accounting policies of the Group. Period ended June 30, 2026 (unaudited) TOTAL Forwarding River transport Port operation Others Intersegment Total 321,436,964 226,105,830 149,991,837 56,247,745 39,267,956 (150,176,404) Agricultural products 49,953,719 43,148,540 30,631,445 12,721,659 - (36,547,925) Chemical products 57,242,877 43,343,051 25,419,198 24,112,406 - (35,631,778) Minerals 139,685,751 123,392,259 66,999,397 16,197,411 - (66,903,316) Other merchandise 11,748,024 - 11,748,024 - - - Other services 62,806,593 16,221,980 15,193,773 3,216,269 39,267,956 (11,093,385) Period ended June 30, 2025 (unaudited) TOTAL Forwarding River transport Port operation Others Intersegment Total 319,836,650 229,173,247 141,220,090 57,918,157 29,023,484 (137,498,328) Agricultural products 56,231,639 45,546,873 28,621,770 19,577,172 - (37,514,176) Chemical products 48,353,216 34,626,416 22,090,331 21,506,303 - (29,869,834) Minerals 150,675,267 135,296,078 62,948,731 14,537,563 - (62,107,105) Other merchandise 13,087,988 - 13,087,988 - - - Other services 51,488,540 13,703,880 14,471,270 2,297,119 29,023,484 (8,007,213) Other services for the Other segment mainly include trade revenue, shipyard revenues, hydrotechnical works, bunkering services.
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 16 5. SEGMENT INFORMATION (continued) Segment assets and liabilities June 30, December 31, Segment assets 2026 2025 (unaudited) (audited) Forwarding 170,101,176 175,474,277 River transport 605,844,693 625,704,165 Port operations 487,641,739 466,292,323 Others 49,011,028 54,172,192 Total segment assets 1,312,599,236 1,321,642,957 Unallocated assets Investment in the investee 8,103,598 8,491,568 Total assets 1,320,702,834 1,330,134,525 Segment liabilities June 30, December 31, 2026 2025 (unaudited) (audited) Forwarding 19,376,936 22,524,093 River transport 30,731,165 33,589,067 Port operations 80,972,103 72,897,124 Others 12,565,750 12,902,947 Total segment liabilities 143,645,954 141,913,231 Unallocated liabilities June 30, 2026 December 31, 2025 (unaudited) (audited) Long-term borrowings 111,544,171 101,121,820 Deferred tax liabilities 18,127,214 18,405,691 Lease liabilities 672,534 802,526 Short-term borrowings 42,896,406 50,944,850 Total liabilities 316,886,279 313,188,118
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 17 5. SEGMENT INFORMATION (continued) To monitor segment performance and allocate resources to segments: - all assets are allocated to reportable segments other than participations in associates, assets classified as held for sale and deferred tax assets. - all liabilities are allocated to reportable segments other than loans, other financial liabilities, leased liabilities and deferred taxes. Other segment information Depreciation and amortization Period ended June 30, 2026 Period ended June 30, 2025 (unaudited) (unaudited) Forwarding 2,403,120 2,776,481 River transport 24,961,054 28,828,189 Port operations 13,483,690 15,584,360 Others 1,920,548 1,715,448 42,768,412 48,904,478 Additions to non-current assets net of commissioned assets from WIP Period ended June 30, 2026 Period ended December 31, 2025 (unaudited) (audited) Forwarding 985,851 650,295 River transport 9,074,866 24,131,411 Port operations 36,711,664 152,031,607 Others 1,172,896 5,805,091 47,945,277 182,618,404 Reconciliation Segment Information to Consolidated statement of profit or loss and other comprehensive income. Segment information June 30, 2026 June 30, 2025 Other gains 9,878,444 6,063,265 Other loss (6,458,543) (9,260,616) Total 3,419,901 (3,197,351) Consolidated statement of profit or loss Other gains 9,187,297 5,968,578 Other loss (5,764,396) (9,165,929) Total 3,419,901 (3,197,351)
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 18 6. PROPERTY, PLANT AND EQUIPMENT Land Construction Installations and equipment Ships Installations and furniture Property, plant and equipment in progress and advances on fixed assets Right of use assets Total RON RON RON RON RON RON RON COST Balance as of January 1, 2026 (audited) 13,867,365 310,816,235 322,702,080 568,073,080 6,577,109 129,272,864 52,656,956 1,403,965,689 Increases - 105,407 1,858,401 - 145,107 36,872,175 8,964,186 47,945,276 Transfers - 1,359,753 2,575,143 8,152,503 82,628 (12,170,027) - - Disposals 1,164 56,529 1,229,687 3,935,160 40,183 - - 5,262,723 Balance as of June 30, 2026 13,866,201 312,244,866 325,905,937 572,290,423 6,764,660 153,975,012 61,621,142 1,446,648,241 (unaudited) ACCUMULATED DEPRECIATION Balance as of January 1, 2026 (audited) 224,556 86,714,231 185,884,674 46,098,266 4,056,711 - 3,420,720 326,399,158 Depreciation 4,476 5,464,757 11,686,610 23,007,626 329,613 - 2,141,752 42,634,834 Disposals - 21,151 1,186,319 261,338 40,038 - - 1,508,846 (Reversal) of impairment - - (809,181) - - - - (809,181) Balance as of June 30, 2026 (unaudited) 229,032 92,157,837 195,575,784 68,844,554 4,346,286 - 5,562,472 366,715,965 NET BOOK VALUE As of December 31, 2025 (audited) 13,642,809 224,102,004 136,817,406 521,974,814 2,520,398 129,272,864 49,236,236 1,077,566,531 As of June 30, 2026 (unaudited) 13,637,169 220,067,029 130,330,153 503,445,869 2,418,374 153,975,012 56,058,670 1,079,932,276 Reconciliation of the information disclosed in Note 6 to the consolidated statement of financial position The consolidated statement of financial position 2026 2025 Property, plant and equipment 1,023,873,606 1,028,330,295 Right of use assets 56,058,670 49,236,236 Total 1,079,932,276 1,077,566,531
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 19 6. PROPERTY, PLANT AND EQUIPMENT (continued) Land Construction Installations and equipment Ships Installations and furniture Property, plant and equipment in progress and advances on fixed assets Right of use assets Total RON RON RON RON RON RON RON COST Balance as of January 1, 2025 (audited) 13,848,079 308,543,848 309,754,182 526,582,007 5,496,442 66,842,047 904,584 1,231,971,189 Increases - 91,589 3,095,581 1,158,625 324,430 126,214,815 51,752,372 182,637,412 Transfers 19,286 2,237,664 11,884,588 48,229,792 930,824 (63,302,154) - - Disposals - 56,866 2,032,271 7,897,344 174,587 481,844 - 10,642,912 Balance as of December 31, 2025 (audited) 13,867,365 310,816,235 322,702,080 568,073,080 6,577,109 129,272,864 52,656,956 1,403,965,689 ACCUMULATED DEPRECIATION Balance as of January 1, 2025 (audited) 211,569 75,663,458 163,988,464 - 3,569,374 - 296,379 243,729,244 Depreciation 12,987 11,079,436 24,711,219 46,529,908 633,285 - 3,124,341 86,091,176 Disposals - 28,663 1,497,928 431,642 145,948 - - 2,104,181 (Reversal of impairment)/impairment - - (1,317,,081) - - - - (1,317,081) Balance as of December 31, 2025 (audited) 224,556 86,714,231 185,884,674 46,098,266 4,056,711 - 3,240,720 326,399,158 NET BOOK VALUE As of December 31, 2024 (audited) 13,636,510 232,880,390 145,765,718 526,582,006 1,927,069 66,842,047 608,206 988,241,946 As of December 31, 2025 (audited) 13,642,809 224,102,004 136,817,406 521,974,814 2,520,398 129,272,864 49,236,236 1,077,566,531 Reconciliation of the information disclosed in Note 6 to the consolidated statement of financial position The consolidated statement of financial position 2025 2024 Property, plant and equipment 1,028,330,295 987,633,741 Right of use assets 49,236,236 608,206 Total 1,077,566,531 988,241,946
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 20 6. IMOBILIZĂRI CORPORALE (continued) As of June 30, 2026, the movements related to right-of-use assets are presented as follows: Right-of-use assets Vehicle Land Total Opening cost balance 905,036 51,751,920 52,656,956 Additions - 8,964,186 8,964,186 Disposals - - - Closing cost balance 905,036 60,716,106 61,621,142 Opening accumulated depreciation 486,892 2,933,828 3,420,720 Additions 95,307 2,046,445 2,141,752 Disposals - - - Closing accumulated depreciation 582,199 4,980,273 5,562,472 Net carrying amount 322,837 55,735,833 56,058,670 As of December 31, 2025, the movements related to right-of-use assets are presented as follows: Right-of-use assets Vehicle Land Total Opening cost balance 904,584 - 904,584 Additions 452 51,751,920 51,752,372 Disposals - - - Closing cost balance 905,036 51,751,920 52,656,956 Opening accumulated depreciation 296,379 - 296,379 Additions 190,513 2,933,828 3,124,341 Disposals - - - Closing accumulated depreciation 486,892 2,933,828 3,420,720 Net carrying amount 418,144 48,818,092 49,236,236
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 21 7. INVESTMENTS IN ASSOCIATES Name of investment Core business Holding percentage 06/30/2026 Cost of the investment 06/30/2026 Post- acquisition change in the investor's share of net assets of the investee Carrying amount of the investment 06/30/2026 Cost of the investment 12/31/2025 Post- acquisition change in the investor's share of net assets of the investee Carrying amount of the investment 12/31/2025 % RON RON RON RON RON RON Transterminal-S SRL Railway transportation of goods 20% 147,339 5,232,807 5,380,146 147,339 5,374,742 5,522,080 Navrom Port Service SA River transportation of goods 49.98% 878,700 1,844,753 2,723,453 878,700 2,090,788 2,969,488 Other investments - - - - - - - TOTAL VALUE OF THE INVESTMENT IN THE ASSOCIATES 8.103.599 8,491,568 Investment in associates is accounted using the equity method, putting through profit and loss the share of the result of the associate belonging to the Group. The Group exerts significant influence over the associates. Last year a dividend in amount of RON 794,152 was cashed in from Transterminal-S. Period ended June 30, 2026 Year ended December 31, 2025 Share of profit or loss for the period (253,566) (154,777) Dividends distributed (134,403) (258,894) Other movements - (76,367) Total (387,969) (490,038)
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 22 8. ISSUED CAPITAL Number of shares Share capital Balance as of December 31, 2024 180,000,000 181,739,602 Balance as of December 31, 2025 180,000,000 181,739,602 Balance as of June 30, 2026 180,000,000 181,739,602 As of June 30, 2026, the shareholding structure of the Company is as follows: Shareholding structure No. of shares Share Mihailescu Alexandru Mircea 45.552.999 25.3072% Other shareholders – juridical persons 88.137.916 48.9655% Other shareholders – individuals’ persons 46.309.085 25.7273% Total 180,000,000 100.0000% As of December 31, 2025, the Company’s shareholding structure is as follows: Shareholding structure No. of shares Share Mihailescu Alexandru Mircea 45.552.999 25,3072% Other shareholders – juridical persons 86.680.865 48.1561% Other shareholders – individuals’ persons 47.766.136 26.5367% Total 180,000,000 100 % The inflated value of the share capital (resulting from hyperinflation) of June 30, 2026, is RON 181,739,602 (December 31, 2025: RON 181,739,602).
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 23 9. INTEREST-BEARING LOANS AND LOANS June 30, 2026 December 31, 2025 (unaudited) (audited) Secured loans Short-term loans 12,855,054 24,267,267 Short-term portion of long-term loans 30,041,352 26,677,583 Long-term loans Long-term loans 111,544,171 101,121,820 Total short- and long-term loans 154.440.577 152,066,670 Amounts due to credit institutions (continued) Subsidiary Bank name Loan type Grant date Currency Due date Balance as of December 31, 2025 Balance as of June 30, 2026 Short term June 30, 2026 Long term June 30, 2026 TTS (Transport Trade Services) SA Citibank Europe plc Investment 07.07.2023 EUR 28.06.2030 37,692,482 34,459,257 8,614,814 25,844,442 TTS (Transport Trade Services) SA Citibank Europe plc Operational 14.12.2017 EUR 31.01.2026 - 100,999 100,999 - CNFR Navrom SA Unicredit Bank S.A. Investment 07.04.2021 EUR 07.04.2026 1,056,044 - - - CNFR Navrom SA Citibank Europe plc Investment 29.06.2025 EUR 29.06.2030 18,280,800 16,249,600 4,062,400 12,187,200 CNFR Navrom SA Unicredit Bank S.A. Investment 08.03.2022 EUR 25.02.2027 2,549,250 1,573,140 1,573,140 - CNFR Navrom SA Citibank Europe plc Investment 12.05.2022 EUR 10.05.2027 7,647,750 5,243,800 5,243,800 - CNFR Navrom SA Citibank Europe plc Operational 14.12.2017 EUR 31.01.2025 4,543,943 13,795 13,795 - TTS Porturi Fluviale SRL Citibank Europe plc Investment 14.12.2017 EUR 31.05.2026 747,524 - - - Agrimol Trade SA Citibank Europe plc Operational 17.06.2016 EUR 16.06.2023 9,865,468 337,605 337,605 - Plimsoll zrt Citibank Europe plc Investment 25.04.2023 EUR 23.04.2030 5,613,527 5,402,726 715,073 4,687,653 Plimsoll zrt Citibank Europe plc Operational 21.04.2023 EUR 20.04.2026 65,955 - - - Canopus Star SRL Citibank Europe plc Investment 29.05.2025 RON 02.05.2032 54,146,071 78,657,000 9,832,125 68,824,875 Navrom Shipyard SRL Unicredit Bank S.A. Operational 14.09.2009 EUR 31.01.2025 8,952,562 11,640,781 11,640,781 - Superquatro Grup SRL Unicredit Bank S.A. Operational 02.09.2021 RON 02.09.2024 905,294 761,874 761,874 TOTAL 152,066,670 154,440,577 42,896,406 111,544,171
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TTS (TRANSPORT TRADE SERVICES) S.A. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2026 (all amounts are expressed in RON, unless otherwise specified) These is a free translation from the original Romanian version. The notes attached are an integral part of these condensed financial statements. 24 10. SUBSEQUENT EVENTS There are no subsequent events. These interim condensed consolidated financial statements have been approved by the Board of Directors, and authorized to be issued on August 31, 2026, by: STANCIU ION FLORESCU NICOLETA CEO CFO