Interim report
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HALF YEAR REPORT 1 JANUARY - 30 JUNE 2026 Crown Energy Half year report 1 January - 30 June 2026 │ 1 SECOND QUARTER – 1 APRIL - 30 JUNE 2026 Turnover amounted to SEK 10,057 thousand ( 5,997 ). Unrealised changes in the value of properties amounted to SEK - 4,182 thousand ( - 580 ). Operating profit was SEK - 33,115 thousand ( - 30,589 ). Net financial items amo unted to SEK 31,436 thousand ( - 25,308 ). Profit /loss before tax was SEK - 1,679 ( - 55,897 ) thousand , and profit /loss after tax amounted to SEK - 435 ( - 52,349 ) thousand . Profit/loss attributable to owners of the parent company amounted to SEK 2,194 thousand ( - 49,919 ) corresponding to SEK 0.00 ( - 0.10 ) per share. PERIOD – 1 JANUARY - 30 JUNE 2026 Turnover amounted to SEK 19,365 thousand ( 15,703 ). Unrealised changes in the value of properties amounted to SEK - 4,048 thousand ( - 14,506 ). Operating profit was SEK - 66,281 thousand ( - 74,032 ). Net financial items amounted to SEK 19,232 thousand ( - 1,390 ). Profit /loss before tax was SEK - 47,049 thousand ( - 75,422 ) and profit /loss after tax amounted to SEK - 48,443 thousand ( - 64,172 ) . Profit/loss attributable to owners of the parent company amounted to SEK - 43,204 thousand ( - 59,356 ), corresponding to SEK - 0.09 ( - 0.12 ) per share. EVENTS DURING THE REPORTING PERIOD 1 JANUARY - 30 JUNE 2026 The special examination initiated in 2024 was concluded in January 2026. During the first half of 2026, work within Accyourate continued with a focus on operational readiness, industrialisation and commercialisation in line with the Business Plan adopted in 2025. On 27 January 2026, Crown Energy entered into definitive agreements with ND Industrial Investments B.V. (ND Group) and North Star Capital (NSC), a company owned by Juan Chaparro, regarding the strategic partnership for the commercial rollout of Accyourate’ s next - generation healthtech platform. In March 2026, Accyourate’s smart garment platform was selected as the core monitoring technology in the newly approved Mirta Rett clinical study. The study uses Accyourate’s technology to collect continuous physiological data from patients with Rett syndr o me in home environments. Within Asset Development, the NEO project remained in the preparatory phase during the first half of 2026. Work focused on pr oject planning, the intended financing structure and the commercial configuration of the development. Construction had not commence d as of 30 June 2026, and the implementation timetable remains dependent on final design, required permits, financing and commercial arrangements. During the first quarter of 2026, YBE decided to proceed with a five - year lease arrangement for 65 rooms in a newly built hotel near the airport following the signing of an initial agreement with a corporate customer . In April 2026, Crown Energy was served with documents relating to a European payment order initiated by PartPro S.r.l., a sub sidiary of Proger S.p.A., in a court in Italy. The claim amounts to EUR 5 million and relates to part of the previously reported ou tstanding liability of EUR 10 million in SmarTee attributable to former shareholders of Accyourate Group. Crown Energy disputes the cla im and challenges its validity on both procedural and substantive grounds . On 30 April 2026, Crown Energy entered into an amendment agreement with the seller of SmarTee regarding the remaining purchas e price for the acquisition of 85 per cent of SmarTee. The agreement provides that no further payments shall be made before 3 Febru ary 2027 and that the majority of the remaining purchase price has been deferred, with the timing of payment governed by the defined performance - and transaction - related trigger and extension mechanism set out in the amendment agreement. On 3 June 2026, Accyourate entered into an initial distribution agreement in Albania with local partner 2A - Pharma shpk. The agreement is intended to support a structured entry into the Albanian market for Accyourate’s wearable ECG monitoring devices , smart garments and associated data analysis and management services, with an initial commercial focus on private healthcare. During the reporting period, Crown Energy published its 2025 Annual Report, including a substantially expanded voluntary Sustainability Report, and adopted an Impact Investment Policy to further formalise the integration of sustainability and imp act consid erations into the Company’s investment activities. EVENTS AFTER THE REPORTING PERIOD On 5 August 2026, Crown Energy issued a notice convening an Extraordinary General Meeting to be held on 31 August 2026. The Board has proposed that Gunnar Danielsson be elected as a new member of the Board for the period until the close of the next Annual General Meeting. Gunnar Danielsson has extensive experience in auditing, accounting, financial reporting and corporate governance, including more than 20 years at Ernst & Young and several senior finance and board positions in listed companies.
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Crown Energy Half year report 1 January - 30 June 2026 │ 2 Q 2 3 3 CEO STATEMENT DEAR SHAREHOLDERS AND INVESTORS The first half of 2026 reflected continued progress in Crown Energy’s strategic transition, with an increasing focus on execution. Our objective remains to create long - term shareholder value through structured development of our platform in Angola, the continued commercialisation of Accyourate and investments capable of combining financial potential with measurable environmental and social value. In Angola, preparatory work for the NEO project at the new Dr António Agostinho Neto International Airport continued during the period. NEO represents Crown Energy’s largest development initiative in Angola to date and is intended to form a long - term platf orm for corporate accommodation, offices and related services within the Airport City zone. W ork during the period included, among other things, continued project planning, financing matters and the commercial structuring of the project. At the date of pub lication of this report, NEO remains in the preparatory phase and construction has not commenced. Work continues on project planning, the intended financing structure and the commercial configuration of the development. The implementation timetable remains dependent on final design, required permits, financing and commercial arrangements. Within Accyourate, the focus remained on operational readiness, industrialisation and commercialisation. The definitive agreements entered into with ND Group and NSC in January provide additional commercial and operational capacity as Accyourate moves from technical development and validation toward broader market execution. During the period, Accyourate also advanced along two complementary paths. Its smart garment platform was selected as the core monitoring technology in the MirtaRett clinical study, supporting continuous collection of physiological data from patients in th eir home environments. In June, Accyourate entered into an initial distribution agreement with 2A - Pharma in Albania, establishing a practical first route into private healthcare for its wearable ECG monitoring devices, smart garments and associated data se rvices. Sustainability is increasingly being integrated into how Crown Energy evaluates, develops and communicates its activities. During the period, we published our expanded Sustainability Report for 2025 inspired by the European Sustainability Reporting Standards (ESRS) and containing a simplified double materiality assessment . We have also adopted an Impact Investment Policy to provide a clearer framework for considering environmental and social impact alongside financial return in our investment activities. The next stage is to translate this framework into clearer objectives, improved data and more systematic follow - up across our operations and investments. Within KAYA, work continued to build the regulatory, technical and local foundations required for high - integrity nature - based climate projects in Angola. WAKAYA complements this longer - term work by supporting education, environmental stewardship and commun ity development. Together, these initiatives demonstrate how Crown Energy’s local position can support both future commercial opportunities and tangible benefits for the communities in which we operate. The amendment agreement entered into with the seller of SmarTee during the period has strengthened Crown Energy’s financial flexibility by deferring the majority of the remaining purchase price and linking the payment timing to defined future performance - and transaction - related events. This gives the Company greater ability to focus resources on Accyourate’s continued commercialisation and on the development of our broader portfolio. We enter the second half of 2026 with clearer strategic priorities: advancing NEO responsibly, developing Accyourate’s next routes to market, strengthening our sustainability governance and continuing to build long - term value from our established position in Angola. Yoav Ben - Eli CEO, Crown Energy
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Crown Energy Half year report 1 January - 30 June 2026 │ 3 Q 2 3 3 14 Properties 21, 121 Leasable area, sqm CONDENSED CONSOLIDATED FINANCIAL INFORMATION Asset Development and Management b usiness area T HE PROPERTY MARKET AND CURRENCY IN ANGOLA Demand for real estate in Luanda is growing and so is demand for our residential and office solutions. Occupancy rates remain on 7 4 % , . We provide clients with flexible lease contracts to accomodate their housing and officing requirements . The Angolan currency, Kwanza, has increased by 2.3% against the Swedish krona during the second quarter of 2026 . Exchange rate fluctuations in Q 2 202 6 have had a minor impact on the Company's reported revenues in SEK. The chart illustrates the development of revenues since the third quarter of 202 4 . For the reporting period the income in local currency has increased by 12 per cent , compared to the same period last year. The SEK revenues decreased by 5 per cent compared to second quarter 2025 . THE GROUP FULL-YEAR Amounts in kSEK 2026 2025 2026 2025 2025 Total revenues 12,745 6,837 24,612 17,709 43,570 Operating expenses -41,679 -36,845 -86,845 -77,235 -166,099 Operating profit/loss -33,115 -30,589 -66,281 -74,032 -142,429 Net financial income/expense 31,436 -25,308 19,232 -1,390 -4,573 Net profit/loss for the period, after tax -435 -52,349 -48,443 -64,172 -128,983 Earnings per share 0.00 -0.10 -0.09 -0.12 -0.25 Equity per share, SEK 0.46 0.68 0.46 0.68 0.44 Change in cash and cash equivalents 64,662 74,982 57,183 -21,647 137,460 Q2 JAN-JUN 0% 20% 40% 60% 80% 100% 120% 140% 160% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenues SEK, % in Q3 2024 Revenues AOA, % in Q3 2024
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Crown Energy Half year report 1 January - 30 June 2026 │ 4 Q 2 3 3 24.1 MSEK Revenue backlog 8 .1 Months WAULT 75% Area occupancy rate SUM MARY OF PROPERTY - RELATED KEY RATIOS For definitions of key ratios, see pages 3 4 – 3 5 . COMMENTS ON PROPERTY - RELATED K EY RATIOS Changes in the second quarter of 2026 Below is a list of changes in revenue and rent backlog for the second quarter of 2026 . C ontracted rental value and service value of extended and new contracts amount to SEK 2,754 thousand and SEK 388 thousand, totalling SEK 3,142 thousand. The effect on Revenue Backlog of contracts that were terminated prematurely is SEK - 147 . In total 91 lease agreements remain. Due to exchange rate effects, the Group’s revenue backlog and rent backlog have decreased with SEK 2,967 thousand and SEK 2,812 thousand respectively. The distribution between USD and AOA contracts amounts to 35% and 65% per cent, respectively . The Company's WAULT has changed since the f irst quarte r 202 6 from 9 . 9 to 8.1 months . The area occupancy rate has increased since first quarter 202 6 from 7 4 % to 75% . The economic occupancy rate has decreased t he first quarter o f the year 20 2 6 to 7 1 % from 73 % . Offices in Soho building are mainly occupied by YBE Immobiliaria . Crown Energy continues to experience a solid property market in Luanda, supported by major infrastructure developments and increased engagement from international stakeholders. This renewed interest reflects Angola’s rising strategic profile, and we are le veraging our established presence and track record to pursue high - value opportunities. By combining our commercial operations with initiatives such as KAYA and WAKAYA, we aim to further strengthen our position and create long - term growth in the region. NEO – AIRPORT CITY CONCESSION PROJECT At the end of 2025, Crown Energy, through its subsidiary Y.B.E. Imobiliária Angola Lda, entered into a 30 - year concession agreement with ICB URBE S.A., the state - owned company responsible for the development of Airport City at the new Dr António Agostinho Neto International Airport in Luanda. The concession covers four land parcels totalling approximately 30,700 square metres, with a permitted gross construction area of approximately 63,400 square metres and provides the basis for development of Crown Energ y’s NEO concept. AMOUNTS IN KSEK 30/06/2026 31/03/2026 Revenue backlog 24,058 28,943 Rent backlog 22,873 27,428 Contracted annual rental and service revenues 37,444 36,367 Contracted annual rental revenues 33,758 33,182 Area occupancy rate (excl. C-View), % 75% 74% Economic occupancy rate (excl. C-view), % 71% 73% WAULT rent and service, months 8.1 9.9 Market value of portfolio (excl. C-View) 218,795 221,413 Market value C-View 211,816 207,153 AMOUNTS IN KSEK REVENUE BACKLOG RENT BACKLOG Backlog per 31 Mar 2026 28,943 27,428 Changes during the quarter 2026 Contracted revenue -10,847 -9,974 New/extended contracts 3,142 2,754 Contracts terminated early -147 -147 Exchanges rates differences 2,967 2,812 Backlog per 30 Jun 2026 24,058 22,873
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Crown Energy Half year report 1 January - 30 June 2026 │ 5 Q 2 3 3 NEO represents Crown Energy’s largest development initiative in Angola to date. The project is intended to provide modern corporate accommodation, office facilities and related services in direct proximity to the airport, serving airlines, logistics compan ies, energy companies and other international and local businesses operating within or around the Airport City zone. During the first half of 2026, prepa ra tory work continued, including work relating to project design, permitting, the intended financing structure and the commercial configuration of the development. The previously communicated development plan envisaged construction commencing in 2026 and full completion in 2029. At the date of publication of this report, construction has not commenced. The timetable for the commencement of construction, completion of the first phase and full completion of the project rema ins dependent on final project design, required permits, financing and commercial conditions. Crown Energy will provide further updates as these processes progress. When the concession was announced, the total investment was estimated at approximately USD 140 – 160 million, including concession fees , and annual gross revenues were estimated to exceed USD 40 million once the project was fully operational. These estimates remain preliminary and may be revised as the project design, financing structure and implementation timetable are further developed. The intended financing structure consists of a combination of local bank financing and equity in the project company from an external minority partner. The financing structure, final project design, required permits and construction timetable remain import ant conditions for implementation. Sustainability considerations are being integrated into NEO from the planning stage. The concept includes intended high ambition measures relating to energy efficiency, solar energy, smart lighting, water recovery, waste management and the use of materials with a lower environmental impact. The objective is to combine commercial functionality and high - quality corporate services with improved long - term environmental performance. The project also has an important local and social dimension. NEO is intended to contribute to local employment, skills development and participation by local suppliers as the project advances. These elements support Crown Energy’s ambition to combine comm ercial development with local value creation and responsible long - term engagement in Angola. Other new initiatives During the first quarter of 2026, YBE decided to proceed with a five - year lease arrangement for 65 rooms in a newly built hotel near Luanda’s new international airport, following the signing of an initial agreement with a corporate customer. At the date of publication of this report, the arrangement continues to serve certain customers, but occupancy has not reached the previously communicated assumption of approximately 90 per cent from mid - 2026. The Group is therefore reviewing the commercial implementati on, with a focus on larger corporate customers and retaining sufficient capacity to meet their accommodation requirements. Certain commercial terms are also being discussed with the hotel owner. The previously communicated annual revenue potential of USD 1 .0 – 1.3 million remains based on achieving the targeted occupancy level. The hotel arrangement is separate from the NEO concession project.
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Crown Energy Half year report 1 January - 30 June 2026 │ 6 Q 2 3 3 Energy Business Area Crown Energy has, in recent years, phased out its former operations in the energy sector. No new investments are being made within this business area, in line with the Company’s sustainable direction and long - term strategy to create value through investmen ts that benefit people, the planet, and our shareholders. The only remaining holding is a passive interest in a license in Iraq, which is subject to a sale and purchase agreement signed in 2021. During the reporting period , Crown Energy has continued to receive payments under this agreement. These funds support the Company’s transition towards a portfolio focused on sustainable growth. Sustainable investment area The business area Sustainable Investments is a central part of Crown Energy’s strategy to create long - term value through investments that combine technology, social impact, and environmental sustainability. We focus on generating measurable, positive effec ts in the regions where we are active. Our current investments include, among others, health - tech and nature - based climate solutions with the potential to generate verified carbon credits for the carbon market. We continuously seek and evaluate new opportunities that reflect our ambition to contribute to future sustainable solutions while also generating business value. During the second quarter of 2026, we continued to strengthen our position within Sustainable Investments through the continued development of Accyourate Group, where work during the period focused on operational readiness, industrialisation and commercialisation. At the sa me time, work continued with KAYA Climate Solutions in Angola, with a focus on building a robust and credible foundation for future climate projects in line with high standards of quality, transparency and long - term environmental and soci al impact. In Angola, we continued to work on the legal and regulatory preparations required for KAYA Climate Solutions to advance toward carbon credit generation. While the project remains dependent on formal recognition and comfort from relevant state processes bef ore credits can be issued, our focus has remained on building a reliable and solid foundation aligned with high - integrity standards and long - term environmental and social impact. To deliver immediate community benefits in parallel with the KAYA journey, and to demonstrate our long - term commitment on the ground, WAKAYA was moved from establishment to active implementation during the last quarter of 2025 . In October 2025 , WAKAYA inaugurated Wakaya Camp in Malanje with the participation of local leadership and community stakeholders, marking the start of a structured programme platform focused on education, environmental stewardship and economic empowerment. The inaugurati on showcased a high level of local engagement and the pace at which activities can be mobilised, including community events, cultural initiatives, and practical environmental actions such as tree planting at the camp site. WAKAYAs work continued during the reporting period. Together, KAYA and WAKAYA reflect Crown Energy’s commitment to improving environmental conditions and creating tangible benefits for people in the areas where we operate. This approach strengthens our standing in Angola and supports our ability to engage w ith high - standard counterparties and decision - makers who place increasing demands on governance, sustainability and responsible local presence. These initiatives exemplify our commitment to delivering positive societal transformation while creating financial value, including future revenue streams from the sale of verified carbon credits on the voluntary carbon market. We view Sustainable Investme nts as a long - term growth platform, where our efforts must be economically viable while delivering tangible impact for both people and the plane t .
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Crown Energy Half year report 1 January - 30 June 2026 │ 7 Q 2 3 3 ACCYOURATE Crown Energy owns 85 per cent of SmarTee S.à r.l. in Luxembourg, which in turn is the parent company of the Accyourate Group. The Group has operations in the United Kingdom, Italy, Albania, Switzerland and Israel, among other countries. Accyourate develops medical technology solutions within smart textiles, biosensor technology and data analytics, with a focus on the continuous monitoring of vital health parameters . Accyourate holds a patent for the ability to thinly print a conductive polymer onto fabrics, combined with a proprietary coin - sized central unit. The first product is a T - shirt - like top that measures several indicators – ECG, pulse, temperature, respiration, and res piration depth. It also includes a built - in GPS and tracks body movement via an accelerometer. By integrating wearable technology with a comprehensive anonymized medical database and decision - making algorithms, Accyourate provides a platform for continuous and accurate monitoring of posture, location, and vital signs. This enables early detection of critical health conditions and can potentially mitigate adverse health outcomes. Performance and operational development During the reporting period, Crown Energy entered into definitive agreements with ND Industrial Investments B.V. (ND Group) and North Star Capital (NSC), a company owned by Juan Chaparro, in accordance with the previously announced non - binding term sheet. The def initive agreements confirm the partnership framework and support the transition into a focused execution phase for the commercial rollout of Accyourate ’s next - generation healthtech platform. During the reporting period, AccYouRate continued to progress in line with the Business Plan adopted in 2025. The management changes and organisational restructuring implemented during 2025 resulted in certain delays during an earlier phase, but the compan y is now operating under a strengthened structure with a focus on operational readiness, industrialisation and broader commercialisation. The strategic partnership with ND Group and NSC adds further commercial and operational capacity and supports the exec ution of the next phase of the company’s development. T HE TRANSACTION In February 2023, Crown Energy acquired 85 per cent of the shares in SmarTee S.à r.l. for a total agreed purchase price of EUR 163 million. As of 31 December 2025, Crown Energy had paid a total of EUR 88.5 million, leaving EUR 74.5 million outstanding. During the reporting period, Crown Energy entered into an amendment agreement with the seller of SmarTee regarding the remaining purchase price. Under the amended terms, no further payments shall be made before 3 February 2027. On that date, Crown Energy s hall pay 25 MEUR . The remaining purchase price of EUR 49.5 million remains outstanding and has been deferred. The timing of payment of this amount is governed by the trigger and extension mechanism set out in the amendment agreement. Under this mechanism, the payment date i s determined by the earlier of the SmarTee Group reaching rolling twelve - month EBITDA of at least EUR 20 million and the completion of a qualifying disposal. A qualifying disposal is defined as Crown Energy or any of its affiliates completing a sale, transfer or other disposal of more than 10 per cent of the issued share capital of SmarTee in a single transaction or a series of related transactions, where the d isposal results in a realised gain exceeding 15 per cent relative to Crown Energy’s weighted average acquisition cost per share. The mechanism has an initial long - stop date of 31 December 2029. Where neither event has occurred by that date, the payment period is automatically extended for successive two - year periods, during each of which the same trigger mechanism continues to apply and the payment obligation remains outstanding. During the reporting period, Crown Energy was also served with documents relating to a European payment order initiated by PartPro S.r.l., a subsidiary of Proger S.p.A., in a court in Italy. The claim amounts to EUR 5 million and represents Proger/PartPro’ s portion of the previously reported outstanding liability of EUR 10 million in SmarTee attributable to former shareholders of Accyourate Group. Crown Energy disputes the claim and challenges its validity on both procedural and substantive grounds. The Com pany is monitoring the process together with legal advisers in Italy, while discussions between the relevant parties aimed at reaching a resolution have continued.
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Crown Energy Half year report 1 January - 30 June 2026 │ 8 Q 2 3 3 SUSTAINABILITY AND IMPACT GOVERNANCE Sustainability is an integral part of Crown Energy’s strategic transition and is increasingly being incorporated into the Group’s investment processes, governance and operational development. Crown Energy’s ambition is to invest in and develop activities t hat combine long - term financial value with positive and measurable effects for people, communities and the environment. During the second quarter of 2026, Crown Energy published its expanded voluntary Sustainability Report for 2025. The report was prepared with guidance and inspiration from the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainabil ity Reporting Standards (ESRS ) and included a simplified double materiality assessment. This work provided a more structured basis for identifying the sustainability matters most relevant to the Group’s operations, investments and stakeholders. Crown Energy has also adopted an Impact Investment Policy. The policy is intended to formalise how environmental and social impact is considered alongside financial return when investments and development opportunities are evaluated and followed up. It rep resents a further step toward integrating sustainability into the core of the Company’s investment strategy rather than treating it solely as a separate reporting exercise. The next phase of the Group’s sustainability work will focus on implementation and improved measurement. This includes developing relevant baselines and key metrics, strengthening follow - up across the portfolio, and establishing clearer expectations for ho w investee companies and business areas identify, manage and communicate their material sustainability impacts, risks and opportunities. Within the existing portfolio, this work has different practical applications. Accyourate aims to make continuous health monitoring more accessible and practically usable in healthcare and occupational settings. KAYA is developing nature - based projects int ended to deliver climate, biodiversity and community benefits, while WAKAYA supports more immediate social and environmental initiatives in Angola. Within Asset Development, sustainability considerations are being incorporated into the planning of NEO and into the continued development of the Group’s property and service operations. The annual report describes Crown Energy’s objectives as including integration of sustainability into strategy, development of greenhouse - gas baselines, continued development of KAYA, impact - oriented investment selection and improved stakeholder transparen cy. KAYA CLIMATE SOLUTIONS – A STRATEGIC PARTNERSHIP Crown Energy has established a strategic partnership with KAYA Climate Solutions (“KAYA”), a company specialized in the development of nature - based climate solutions. KAYA’s work aims to preserve and restore ecosystems, enabling verified carbon capture thr ough large - scale projects that combine environmental sustainability with local community deve lopment. Crown Energy currently holds the right to convert its loans issued to KAYA into a majority ownership stake and has increased its financial commitment during the reporting period through additional convertible financing. The ambition is to deepen the engagement and become a majority owner, further contributing to establishing KAYA as a leading climate project developer in sub - Saharan Africa. BUSINESS MODEL AND STRATEGY KAYA’s business model is based on developing projects for the conservation and restoration of ecosystems with the potential to generate verified carbon credits, which are sold on the global voluntary carbon market. The initiatives include activities such a s reforestation, agroforestry, and fire prevention measures. By combining ecological restoration with local value creation , such as improved land use, employment, and community services , the projects aim to deliver climate and biodiversity benefits with ta ngible social impact. KAYA has established a nursery in Malanje to conduct practical trials of ecosystem and
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Crown Energy Half year report 1 January - 30 June 2026 │ 9 Q 2 3 3 biodiversity restoration methods, which can later be scaled up to other regions. The facility also serves as an educational center where local communities and small - scale farmers are invited to workshops promoting sustainable land use practices and income - generating opportunities. For Crown Energy, KAYA represents a strategic platform to create both environmental and financial value, fully aligned with the company’s vision to invest in solutions that benefit people, the planet, and shareholders. MARKET POTENTIAL - CARBON MARKET The demand for high - quality, verified carbon credits is increasing rapidly as companies around the world strive to achieve net - zero emissions. According to industry forecasts, the global voluntary carbon market (VCM) is expected to grow from approximately USD 3 billion in 2024 to over USD 100 billion before 2030, with some scenarios indicating potential to reach up to USD 250 billion by 2050. Customers are increasingly seeking credits with high integrity and traceability , credits that not only reduce emissions but also deliver measurable social and ecological benefits. Nature - based solutions, such as forest restoration, land rehabilitation, and biodiversity enhancement, play a crucial role in this development. Through KAYA, Crown Energy is positioning itself in a sector with both climate relevance and strong economic scalability. The projects in Angola represent an opportunity to deliver credits with documented impact, in line with the market’s growing demands f or quality, transparency, and local benefit. ABOUT KAYA KAYA is focused on operations in sub - Saharan Africa, with feasibility studies conducted in Angola, where Crown Energy has a strong local presence through its Asset Development business area. The first climate projects are being initiated in Malanje Provinc e, where KAYA is supporting the Angolan government in building its national climate agenda and developing market mechanisms to meet the country’s climate goals. The projects are developed in close collaboration with local stakeholders, communities, and aut horities, in accordance with international standards for the voluntary carbon market (VCM). WAKAYA In parallel with our work through KAYA Climate Solutions, Crown Energy has launched WAKAYA, an independent non - profit association in Angola dedicated to education, environmental stewardship, and economic empowerment in local communities. While operating se parately from KAYA, WAKAYA’s activities complement KAYA’s long - term climate and restoration projects by delivering immediate, high - impact community benefits. WAKAYA is registered as a non - profit organisation and will be funded entirely through dedicated fundraising initiatives. All proceeds are directed exclusively to community programmes, ensuring transparency and accountability. In October 2025 , WAKAYA held its formal inauguration and initiated its first community activities, including education - focused and environmental programmes in the Malanje region. WAKAYA continued its activities during the first half of 2026, building on the formal inauguration of Wakay a Camp in October 2025. By combining the large - scale, revenue - generating climate projects of KAYA with the community - focused, non - profit activities of WAKAYA, Crown Energy strengthens its corporate social responsibility profile, deepens its long - term commitment to Angola, and enh ances its role as a trusted partner in sustainable developmen t.
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Crown Energy Half year report 1 January - 30 June 2026 │ 10 Q 2 3 3 Financial overview KEY EVENTS DURING THE REPORTING PERIOD 1 JANUARY - 30 JUNE 2026 The special examination initiated in 2024 was concluded in January 2026. During the first half year of 2026, work within Accyourate continued with a focus on operational readiness, industrialisation and commercialisation in line with the Business Plan adopted in 2025. On 27 January 2026, Crown Energy entered into definitive agreements with ND Industrial Investments B.V. (ND Group) and North Star Capital (NSC), a company owned by Juan Chaparro, regarding the strategic partnership for the commercial rollout of Accyourate’ s next - generation healthtech platform. In March 2026, Accyourate’s smart garment platform was selected as the core monitoring technology in the newly approved MirtaRett clinical study. The study uses Accyourate’s technology to collect continuous physiological data from patients with Rett syndro me in home environments. Within Asset Development, the NEO project remained in the preparatory phase during the first half of 2026. Work focused on project planning, the intended financing structure and the commercial configuration of the development. Construction had not commence d as of 30 June 2026, and the implementation timetable remains dependent on final design, required permits, financing and commercial arrangements. During the first quarter of 2026, YBE decided to proceed with a five - year lease arrangement for 65 rooms in a newly built hotel near the airport following the signing of an initial agreement with a corporate customer. At the date of publication of this report, the hotel arrangement continues to serve certain customers, but occupancy has not reached the previously communicated assumption of approximately 90 per cent from mid - 2026. The Group is therefore reviewing the com mercial implementation, with a focus o n larger corporate customers and retaining sufficient room capacity to meet their requirements. Certain commercial terms are also being discussed with the hotel owner. In April 2026, Crown Energy was served with documents relating to a European payment order initiated by PartPro S.r.l., a subsidiary of Proger S.p.A., in a court in Italy. The claim amounts to EUR 5 million and relates to part of the previously reported ou tstanding liability of EUR 10 million in SmarTee attributable to former shareholders of Accyourate Group. Crown Energy disputes the claim and challenges its validity on both procedural and substantive grounds. On 30 April 2026, Crown Energy entered into an amendment agreement with the seller of SmarTee regarding the remaining purchase price for the acquisition of 85 per cent of SmarTee. The agreement provides that no further payments shall be made before 3 Febru ary 2027 and that the majority of the remaining purchase price has been deferred, with the timing of payment governed by the defined performance - and transaction - related trigger and extension mechanism set out in the amendment agreement. On 3 June 2026, Accyourate entered into an initial distribution agreement in Albania with local partner 2A - Pharma shpk. The agreement is intended to support a structured entry into the Albanian market for Accyourate’s wearable ECG monitoring devices, smart garments and associated data analysis and management services, with an initial commercial focus on private healthcare. During the reporting period, Crown Energy published its 2025 Annual Report, including a substantially expanded voluntary Sustainability Report, and adopted an Impact Investment Policy to further formalise the integration of sustainability and impact consid erations into the Company’s investment activities. COMMENTS ON FINANCIAL PERFORMANCE Opera ting profit/loss During the reporting period, net sales increased with 23% compared to the previous year. Please see more information about this in the section Asset Development and Management. Property costs for the reporting period amounted to SEK - 10,857 thousand ( - 8,083 ) m ainly due to addition of new properties. O ther external costs totaled SEK - 26,473 thousand ( - 22,169 ). Associated mainly with additional internal and external consulting costs and the development of the new Accyourate Group and other business projects .
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Crown Energy Half year report 1 January - 30 June 2026 │ 11 Q 2 3 3 The amo rtisation over the Period amounted to SEK - 32,268 thousand ( - 29,260 ) , which is attributable to depreciation of i ntangible fixed assets , such as intellectual property. The employee benefit expenses have decreased to SEK - 14,998 thousand ( - 16,897 ) . Net financial items Net financial items during the reporting period amounted to SEK 19,232 thousand ( - 1,390 ) . The net exchange rate effects amount to SEK - 782 thousand ( 1 4 , 659 ) . The currency effects are a result of re - valuations of both internal and external monetary balances in foreign currency. Net financial items were positively affected by approximately SEK 44 million following the amendment agreement with the seller of SmarTee, as the postponed payment schedule resulted in a lower discounted value of the deferred purchase price liability. Changes in value Changes in value of investment properties during the reporting period amount to SEK - 4,048 thousand ( - 14,506 ) . The result for the period includes SEK - 5,239 thousand ( - 4,816 ) attributable to minority shareholders in SmarTee S.a.r.l . Other comprehensive income Other comprehensive income includes translation differences of SEK 60,219 thousand ( - 113,999 ) which arose because of revaluation of the subsidiaries’ assets and liabilities from local currencies to SEK. The total comprehensive income for the period includes SEK 1,276 thousand ( - 13,370 ) attributable to minority shareholders in SmarTee S.a.r.l. COMMENTS ON CONSOLIDATED FINANCIAL POSITION Assets The carrying amount of investment properties totaled SEK 218,795 thousand. Net change since year - end 202 5 totaled SEK 4,909 thousand. The change in value is mainly attributable to the exchange rate differences in SEK against USD. See note 3 for a summary of the period's changes. The intangible fixed assets , such as intellectual properties amounted to SEK 879,737 thousand . The depreciation of the assets amounted to SEK - 32,268 thousand . The useful life of Intellectual property is considered to be 20 years. Right of use asset include the future use of Concession for Project NEO in Luanda. Th e asset amounts to SEK 5 8 , 141 thousand. The Goodwi l l identified at the acquisition of Accyourate Group at the end of the reporting period amounte d to SEK 1, 3 60 , 721 thousand , a sl ight increase compared to beginning of the reporting period attributable to FX effects as goodwill is valued in EUR. The C - View property is classified as a property asset held for sale. C - View is reported at a fair value amounting to AOA 19,853 million , which corresponds to the agreed purchase price, discounted over the payment period of three years. This corresponds to a value of SEK 211,816 thousand as per 3 0 June 202 6 . The in crease of SEK 11,575 thousand since year - end 202 5 is attributable to FX rate effects. For more information about the C - View sale and the accounting of the transaction, see note 6 . Prepaid expenses and accrued income amount to SEK 85,190 thousand and have decreased with SEK 1,266 thousand since year - end 202 5 , due to the FX effects. This amount mainly consists of prepaid transactional costs for sales of C - View and E&E Assets. Liabilities Contract liabilities relate normally only to revenues, invoiced in advance. In December 2019, the Group started to receive payments from the Angolan finance ministry (MINFIN), for the C - View sale, which are included in the contract liabilities. These payme nts are accounted as contract liabilities, until the economic control is transferred to MINFIN. The contract liability related to the C - View sale amounts as per 3 0 June 202 6 to SEK - 1 92,996 thousand . In March 2026 the G roup has received additional amount corresponding to SEK 7,574 thousand. For more information about the C - View sale and the accounting, see note 6 . Accrued Expenses and deferred income includes a payment for exploration assets amounting to SEK - 1,379,221 thousand.
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Crown Energy Half year report 1 January - 30 June 2026 │ 12 Q 2 3 3 The deferred payment for the acquisition of Accyourate Group is divided into Short - term contractual liabilities from acquisition of SmarTee 85%, which amount to SEK 266,785 thousand and Long - term contractual liabilities from acquisition of SmarTee 85% amounting to SEK 488,644 thousand . The amendment agreement with the seller of SmarTee changed the timing of the remaining payments, with no further payment before 3 February 2027 and the remaining amount deferred in accordance with the agreed trigger and exten sion mechanism. Because the payments were pushed forward, the discounted value of the Group’s contractual liabilities decreased by approximately SEK 44 million, with the corresponding effect recognised in net financial items. Leasing li a bilities include SEK 56 , 101 thousand of discounted payments for the concession Project NEO. COMMENTS ON CASH FLOWS The cash flow for the period amounts to SEK 41,625 ( - 10,816 ) thousand. The Group continues to maintain adequate liquidity to meet its operational needs. During the reporting period, Crown Energy has continued constructive discussions with contractual counterparties . During the reporting period, Crown Energy entered into an amendment agreement with the seller of SmarTee, under which no further payments shall be made before 3 February 2027 and the majority of the remaining purchase price has been deferred, with the timi ng of payment governed by the agreement’s performance - and t ransaction - related trigger and extension mechanism . This flexibility, together with cash inflows from ongoing operations and proceeds received under the 2021 divestment of oil and gas assets, supports the Group’s liquidity position. Based on current forecasts, the Board assesses that the Group has sufficient financial resources and cash flow to support its ongoing operations and planned activities for the coming 12 - month period. P arent company The Parent Company's revenue for 1 January - 30 June 2026 a mounted to SEK 2,735 thousand ( 1,179 ). Revenue related to re - invoicing of costs and management fees to subsidiaries. Other external expenses of SEK - 6,574 thousand ( - 4,587 ). The expenses are mainly related to external consultants' costs. There were 5 persons ( 5 ) employed by the Parent Company at the end of the period . In the Parent Company, the amendment agreement with the seller of SmarTee affected the classification and measurement of the deferred purchase price liability. The effect of approximately SEK 44 million was booked between liabilities and the revaluation of shares in subsidiaries.
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Crown Energy Half year report 1 January - 30 June 2026 │ 13 Q 2 3 3 Condensed consolidated statement of profit or loss income AMOUNTS IN KSEK FULL-YEAR NOTE 2026 2025 2026 2025 2025 Net sales 10,057 5,997 19,365 15,703 37,408 Rental revenues 2 8,107 4,921 16,454 12,821 31,492 Service revenues 2 1,950 1,076 2,911 2,882 5,916 Other operating revenue 2 2,689 840 5,247 2,006 6,162 Property-related costs -4,595 -3,378 -10,857 -8,083 -20,479 Materials and other services -42 -75 -916 -159 -568 Other external expenses -13,076 -11,211 -26,473 -22,169 -51,292 Employee benefits expense -7,511 -8,096 -14,998 -16,897 -31,324 Capitalized Work For Own Account - - -328 337 344 Depreciations -16,017 -14,046 -32,268 -29,260 -60,419 Other operating expenses -437 -39 -1,006 -1,003 -2,362 Operating profit/loss prior changes in value -28,933 -30,009 -62,233 -59,526 -122,529 Unrealised changes in value of property 3 -4,182 -580 -4,048 -14,506 -19,900 Operating profit/loss -33,115 -30,589 -66,281 -74,032 -142,429 Financial income 1 65,369 4,651 79,013 53,949 83,140 Financial expenses -33,933 -29,959 -59,781 -55,339 -87,713 Net financial items 31,436 -25,308 19,232 -1,390 -4,573 Profit/loss before tax -1,679 -55,897 -47,049 -75,422 -147,002 Income tax -3 -3 -3 -82 -122 Deferred tax 1,247 3,552 -1,392 11,331 18,142 Net profit/loss for the year -435 -52,349 -48,443 -64,172 -128,983 Shareholders of the parent company 2,194 -49,919 -43,204 -59,356 -119,258 Holdings without controlling ownership -2,629 -2,430 -5,239 -4,816 -9,725 Average number of basic and diluted shares, thousands 477,315 477,315 477,315 477,315 477,315 Basic and diluted earnings per share, SEK 0.00 -0.10 -0.09 -0.12 -0.25 Q2 JAN-JUN
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Crown Energy Half year report 1 January - 30 June 2026 │ 14 Q 2 3 3 Condensed consolidated statement of comprehensive income AMOUNTS IN KSEK FULL-YEAR NOTE 2026 2025 2026 2025 2025 Net profit/loss for the year -435 -52,349 -48,443 -64,172 -128,983 Other comprehensive income Currency Translation Differences 29,949 29,680 60,219 -113,999 -178,545 Total other comprehensive income for the year, net of tax 29,949 29,680 60,219 -113,999 -178,545 Comprehensive income for the year 29,514 -22,668 11,776 -178,172 -307,528 Shareholders of the parent company 28,590 -27,590 10,500 -164,802 -281,231 Holdings without controlling ownership 924 4,922 1,276 -13,370 -26,297 Q2 JAN-JUN
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Crown Energy Half year report 1 January - 30 June 2026 │ 15 Q 2 3 3 Condensed consolidated statements of financial position AMOUNTS IN KSEK NOTE 30/06/2026 30/06/2025 31/12/2025 Assets Fixed assets Investment property 3 218,795 214,493 213,885 Equipment, tools, fixtures, and fittings 9,926 10,611 10,542 Other intangible fixed assets 879,737 931,955 879,021 Exploration and evaluation assets - 50,752 - Goodwill 1,360,721 1,367,166 1,326,874 Right of use assets 60,120 3,080 58,337 Financial assets valued at amortised cost 4,108 18,454 7,553 Long-term receivables from associated companies 30,089 - Deferred tax assets 1,093 2,127 2,362 Total non-current assets 2,564,588 2,598,637 2,527,019 Current assets Inventory 3,857 7,650 4,536 Accounts receivable 14,103 17,026 16,637 Short-term receivables from associated companies 31,683 - Other receivables 14,644 73,944 12,998 Financial assets measured at amortised cost, short term 37,496 10,908 31,909 Prepaid expenses and accrued income 85,190 94,942 86,456 Cash and cash equivalents 314,311 237,241 257,128 Total current assets 501,284 441,711 437,727 Property assets held for sale 6 211,816 207,048 200,241 Exploration assets held for sale 50,752 - 50,752 Total assets 3,328,440 3,247,396 3,215,739 EQUITY AND LIABILITIES Equity Share capital 14,033 14,033 14,033 Other contributed capital 859,523 859,523 859,523 Reserves -837,415 -834,638 -891,119 Accumulated profit or loss earnings 225,538 344,796 344,796 Profit/loss for the period -43,204 -59,356 -119,258 Total equity attributable to owners of the parent company 218,475 324,357 207,975 Non-controlling interests 262,785 274,436 261,509 Total equity 481,260 598,793 469,484 Liabilities Non-current liabilities Long-term contractual debt acquisition of SmarTee 85% 488,644 555,421 456,712 Non-current liabilities to credit institutions 1,163 2,453 1,455 Non-current lease liability 58,334 2,621 52,520 Deferred tax liabilities 301,506 307,673 292,023 Total non-current liabilities 849,647 868,168 802,709 Current liabilities Trade payables 1,653 11,866 6,326 Short-term liabilities to related parties 2,612 - Contract liabilities 214,379 190,802 180,137 Income tax liability - 6 - Short-term contractual debt acquisition of SmarTee 85% 266,785 212,825 308,621 Current liabilities to credit institutions 26 - 15 Other financial liabilities 121,152 125,695 120,094 Accruals and deferred income 1,387,509 1,238,207 1,312,789 Lease liabilities 3,418 1,034 12,797 Total current liabilities 1,997,533 1,780,435 1,943,546 Total liabilities 2,847,180 2,648,603 2,746,255 TOTAL EQUITY AND LIABILITIES 3,328,440 3,247,396 3,215,739
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Crown Energy Half year report 1 January - 30 June 2026 │ 16 Q 2 3 3 Condensed consolidated statement of changes in equity AMOUNTS IN KSEK NOTE 30/06/2026 30/06/2025 31/12/2025 Opening equity 469,484 776,965 776,965 Profit/loss for the period -48,443 -64,172 -128,983 Other comprehensive income, net of tax 60,219 -114,000 -178,498 Comprehensive income for the period 11,776 -178,172 -307,481 Acquisition of group companies - - - Closing equity 481,260 598,793 469,484 Attributable to: Shareholders of the parent company 218,475 324,358 207,976 Holdings without controlling ownership 262,785 274,436 261,509
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Crown Energy Half year report 1 January - 30 June 2026 │ 17 Q 2 3 3 Co ndensed consolidated statements of cash flows FULL-YEAR Amounts in kSEK NOTE 2026 2025 2026 2025 2025 Cash flow from operating activities before changees in working capital -17,616 -17,239 -34,387 -39,462 -74,261 Total changes in working capital 6,948 7,470 13,316 10,016 4,847 Cash flow from operating activities -10,667 -9,769 -21,071 -29,446 -69,414 Investments in investment property -2 -571 -40 -1,825 -4,620 Capital expenditures on exploration and evalutation assets - - - - - Capital expenditures on other fixed and intangible assets -838 -2,313 -5,577 -5,609 -7,809 Investments in financial assets (government bonds) - - - -9,062 -9,062 Divestment of financial assets (government bonds) - 15,186 7,247 20,495 30,825 Investments in financial assets (loans to Kaya) -3,761 -9,747 -7,031 -17,003 -21,035 Investments in financial assets (other) -310 6,051 1,865 8,246 2,199 Prepaid payments, sale of exploration and evaluation assets 73,255 77,661 73,255 77,661 153,096 Acquisition of group companies - - - - - Cash flow from (-used in) investing activities 68,345 86,267 69,719 72,904 143,595 Cash flow from financing activities Cash flow from financing activities -2,164 -869 -7,023 -54,274 -57,061 Cash flow for (-used in) the period 55,514 75,629 41,625 -10,816 17,119 Cash and cash equivalents at the beginning of the period 249,648 162,259 257,128 258,888 258,888 Cash flow for (-used in) the period 55,514 75,629 41,625 -10,816 17,119 Exchange difference in cash and cash equivalents 9,148 -647 15,558 -10,831 -18,880 Cash and cash equivalents at the end of the period 314,311 237,241 314,311 237,241 257,128 Q2 JAN-JUN
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Crown Energy Half year report 1 January - 30 June 2026 │ 18 Q 2 3 3 Consolidated key ratios For definitions of key ratios, see pages 3 4 - 3 5 . Quarterly summary – group AMOUNT IN SEK THOUSAND UNLESS OTHERWISE STATED Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 EARNINGS Rental and service revenues 10,057 9,309 8,862 12,843 5,997 9,706 9,968 11,778 Other operating revenue 2,689 2,558 1,608 2,548 840 1,166 16,412 2,146 Operating profit/loss -28,933 -33,300 -42,864 -19,880 -30,009 -29,517 -19,443 -24,221 Net profit/loss for the period, after tax -435 -48,009 -47,318 -25,412 -52,349 -11,824 16,383 -2,275 PROPERTY-RELATED KEY RATIOS Rental revenue 8,107 8,347 7,682 10,988 4,921 7,900 7,921 7,976 Service revenues 1,950 961 1,180 1,855 1,076 1,806 2,047 3,802 Property-related costs -4,595 -6,262 -10,696 -4,357 -3,378 -4,705 -4,380 -6,572 Net operating income 5,462 3,046 -1,833 8,486 2,618 5,001 5,588 5,206 Operating surplus, property portfolio, % 54% 33% -21% 66% 44% 52% 56% 44% Revenue backlog 24,058 28,943 15,651 21,718 22,825 19,697 25,507 23,999 Rent backlog 22,873 27,428 13,275 18,782 21,213 17,181 21,699 19,738 Contracted annual rental and service revenues, SEK thousand 37,444 36,367 36,002 28,769 32,600 33,600 33,317 29,667 Contracted annual rental revenues, SEK thousand 33,758 33,182 32,399 26,967 28,208 28,274 29,866 24,513 FINANCIAL KEY RATIOS EBITDA -12,916 -17,049 -26,272 -5,262 -15,962 -14,303 -367 -10,865 EBITDA margin, % neg. neg. neg. neg. neg. neg. neg. neg. RATIOS PER SHARE Basic and diluted shares outstanding, thousand 477,315 477,315 477,315 477,315 477,315 477,315 477,315 477,315 Average number of shares, thousands 477,315 477,315 477,315 477,315 477,315 477,315 477,315 477,315 Diluted earnings per share, SEK 0.00 -0.10 -0.09 -0.05 -0.11 -0.02 0.03 -0.00 EMPLOYEES Average number of employees 30 29 29 30 30 30 30 29
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Crown Energy Half year report 1 January - 30 June 2026 │ 19 Q 2 3 3 Periodic summary - group AMOUNTS IN KSEK UNLESS OTHERWISE STATED 2026 2025 2025 2024 2023 2022 Profit/loss for the period Rental and service revenues 19,365 15,703 37,408 39,161 37,107 39,369 Other operating revenue 5,247 2,006 6,162 12,212 5,366 1,809 Operating profit/loss -66,281 -74,032 -142,429 -27,678 -31,333 -201,099 Operating profit/loss before items affecting comparability -66,281 -74,032 -122,529 -87,789 -110,226 -201,099 Net profit/loss for the period, after tax -48,443 -64,172 -128,983 -29,425 1,180 -16,229 PROPERTY-RELATED KEY RATIOS Rental revenue 16,454 12,821 31,492 29,990 30,289 31,167 Service revenues 2,911 2,882 5,916 9,171 6,818 8,201 Property-related costs -10,857 -8,083 -20,479 -16,964 -19,930 -22,465 Net operating income 8,509 7,619 16,929 22,197 17,177 16,903 Operating surplus, property portfolio, % 44% 49% 45% 57% 46% 43% Revenue backlog, SEK thousand 24,058 22,825 15,651 25,507 28,487 33,018 Rent backlog, KSEK 22,873 21,213 13,275 21,698 23,487 26,694 Contracted annual rental and service revenues, SEK thousand 37,444 32,600 36,002 33,317 30,441 38,761 Contracted annual rental revenues, SEK thousand 33,758 28,208 32,399 29,866 24,496 30,797 Area occupancy rate, %*** 75% 80% 70% 84% 84% 75% Economic occupancy rate, %*** 71% 71% 59% 74% 82% 74% WAULT rent and service, months 8.1 9.0 4.9 8.7 12.0 10.4 Market value of portfolio 218,795 214,493 213,885 261,816 196,713 226,471 Leasable area, thousands of square meters 21.1 19.2 21.1 19.6 19.9 19.9 Number of properties (at end of period) 14.0 11.0 14.0 11.0 13.0 13.0 FINANCIAL KEY RATIOS Return on equity (ROE), % neg. neg. neg. neg. neg. neg. Return on assets (ROA), % neg. neg. neg. neg. neg. neg. EBITDA -34,013 -44,771 -82,010 31,177 17,835 -199,835 Average assets 3,272,089 3,250,121 3,338,769 3,343,722 2,596,710 1,781,704 RATIOS PER SHARE Basic and diluted shares outstanding, thousand 477,315 477,315 477,315 477,315 477,315 477,315 Average number of basic and diluted shares, thousands 477,315 477,315 477,315 477,315 477,315 477,315 Diluted earnings per share, SEK -0.09 -0.12 -0.25 -0.05 0.02 -0.03 Equity per share, SEK 0.46 0.68 0.44 1.02 0.96 1.52 EMPLOYEES Average number of employees 30.0 30.0 29.0 30.0 29.0 16.9 JAN-JUN
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Crown Energy Half year report 1 January - 30 June 2026 │ 20 Q 2 3 3 Condensed Income Statement – Parent Company FULL-YEAR AMOUNTS IN KSEK NOTE 2026 2025 2026 2025 2025 Net sales 1,125 605 2,735 1,179 2,407 Other operating revenue 3 2 25 21 1,167 Total operating income 1,129 607 2,759 1,200 3,575 Other external expenses -3,628 -2,488 -6,574 -4,587 -13,850 Employee benefits expense -2,059 -3,322 -3,954 -5,767 -8,344 Other operating expenses -11 -6 -522 -31 -39 Total operating expenses -5,697 -5,816 -11,050 -10,384 -22,232 Operating profit/loss -4,569 -5,209 -8,291 -9,185 -18,658 Interest income and similar items 26,477 8,386 47,747 53,549 83,900 Interest income from group companies 1,210 865 2,337 1,646 3,635 Interest expenses and similar items -30,581 -33,295 -60,591 -58,654 -94,502 Financial income and expenses -2,893 -24,043 -10,507 -3,459 -6,967 Profit/loss before tax -7,462 -29,252 -18,798 -12,644 -15,623 Untaxed reserves Net profit/loss -7,462 -29,252 -18,798 -12,644 -15,623 Q2 JAN-JUN
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Crown Energy Half year report 1 January - 30 June 2026 │ 21 Q 2 3 3 Condensed balance sheet – Parent Company AMOUNTS IN KSEK NOTE 30/06/2026 30/06/2025 31/12/2025 Assets Fixed assets Investments in group companies 2,098,481 2,143,902 2,143,902 Receivables from Group companies 161,291 133,099 148,453 Total non-current assets 2,259,772 2,277,001 2,292,355 Current assets Receivables from Group companies 20,545 5,957 10,515 Other current receivables 4,992 12,882 4,556 Financial assets measured at amortised cost 20,967 - Prepaid expenses and accrued revenue 59,556 59,596 59,717 Cash and cash equivalents 278,306 189,231 219,227 Total current assets 384,366 267,666 310,513 Total assets 2,644,138 2,544,667 2,602,867 EQUITY Restricted equtiy Share capital 14,033 14,033 14,033 Total restricted equity 14,033 14,033 14,033 Non-restricted equity Share premium reserve 1,647,106 1,647,106 1,647,106 Accumulated profit or loss earnings -1,135,146 -1,119,523 -1,119,523 Net profit/loss for the year -18,798 -12,644 -15,623 Total non-restricted equity 493,163 514,939 511,960 Total equity 507,196 528,972 525,993 Untaxed reserves Tax allocation reserve - 10,002 - Total untaxed reserves - 10,002 - LIABILITIES Non-current liabilities Long-term contractual liabilities from acquisition of SmarTee 85% 488,644 555,421 456,712 Total non-current liabilities 488,644 555,421 456,712 Current liabilities Accounts payable 466 3,806 2,322 Short-term contractual liabilities from acquisition of SmarTee 85% 266,785 212,825 308,621 Other current liabilities 579 499 583 Accrued expenses and deferred income 1,380,468 1,233,143 1,308,636 Total current liabilities 1,648,298 1,450,272 1,620,162 Total liabilities 2,136,943 2,015,695 2,076,874 TOTAL EQUITY AND LIABILITIES 2,644,138 2,544,667 2,602,867
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Crown Energy Half year report 1 January - 30 June 2026 │ 22 Q 2 3 3 CONDENSED STATEMENT OF CHANGES IN EQUITY – PARENT COMPANY AMOUNTS IN KSEK NOTE 30/06/2026 30/06/2025 31/12/2025 Opening equity 525,993 541,616 541,616 Profit/loss for the period -18,798 -12,644 -15,623 Comprehensive income for the period -18,798 -12,644 -15,623 Total equity 507,196 528,972 525,993
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Crown Energy Half year report 1 January - 30 June 2026 │ 23 Q 2 3 3 Other information COMPANY INFORMATION The Parent Company, Crown Energy AB (publ), with corporate ID 556804 - 8598, is a limited company registered in Sweden and domiciled in Stockholm. The street address of the main office is Skeppargatan 27, 114 52 Stockholm. The number of employees in the Group at the end of the reporting period is 30 ( 30 ) l inked to the operations in Angola and Italy. F ive including part time are employed in the Parent Company in Sweden. SHAREHOLDER STRUCTURE The number of shares registered in Crown Energy AB’s share register (as per Euroclear) as of publication of this report is 477,315,350 with a quotient value of SEK 0.03 per share. The Company’s ordinary shares are listed on NGM Nordic SME and are traded under the ticker name CRWN with IS I N code SE0004210854. 1 The shares are owned by YBE Ventures Ltd, which is controlled by Yoav Ben - Eli . S EASONAL VARIATIONS We estimate that there are not any significant seasonal variations in any of the Group’s business areas or in Crown Energy as an individual company. RISK S AND UNCERTAINTIES A detailed description of the Group’s and Parent Company’s risks and risk management can be found in Crown Energy’s 202 5 Annual Report. SHAREHOLDER NUMBERS OF SHARES AND VOTES SHARES AND VOTES (%) NUMBERS OF VOTES VOTES (%) Yoav Ben - Eli via company ¹ 343,817,971 72.0% 343,817,971 72% Veronique Salik 92,496,530 19.4% 92,496,530 19% Alan Simonian and family 3,429,521 0.7% 3,429,521 1% Other shareholders 37,571,328 7.9% 37,571,328 8% Total number of shares 477,315,350 100.0% 477,315,350 100%
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Crown Energy Half year report 1 January - 30 June 2026 │ 24 Q 2 3 3 Note s 1 ACCOUNTING POLICIES This half - year report was prepared pursuant to IAS 34 Interim Financial Reporting, the Swedish Annual Accounts Act, and RFR 1 Supplementary Accounting Regulations for Groups. As with the 202 5 annual accounts, the consolidated accounts were prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU and the Swedish Annual Accounts A ct. The financial statements of the Parent Company were prepared in ac cordance with the Swedish Annual Accounts Act and the Swedish Financial Reporti ng Board’s RFR 2 Accounting for Legal Entities. The accounting policies applied are consistent with those applied in the preparation of the Group’s Annual Report 202 5 , except for the adoption of standard amendments effective as of January 1, 202 6 . The amendments have not had any material impact on the financial statements. See section ‘New or amended accounting standards to be applied after 202 5 in the Annual Report 202 5 for more information. Introduction and effect of new and revised IFRS 2026 or later An evaluation of the potential impact of IFRS 18 "Presentation and disclosures in financial statements" is currently ongoing. The Group has developed a transition plan and is on track to report the first IFRS 18 compliant interim financial reports for the period ending 30 June 2027 and the A nnual R eport for the period ending 31 December 2027. None of the other published standards and interpretations that are mandatory for the Group's financial year 2026 are deemed t o have any material impact on the Group's financial statements. For further details, see information in Annual Report 2025 pages 44 - 45. The half - year report does not contain all the information and disclosures contained in the annual report and the report should therefore be read together with the annual report for 2025 2 REVENUE CATEGORIES The Group has three revenue streams: rental revenue from leases, revenue from service contracts with tenants, and service rev enue related to health monitoring within the SmarTee Group. Rental revenue, which makes up most of the Group’s revenue, is covered by IFRS 16, Leases, which is why it is excluded from IFRS 15 and its disclosure requirements. Service revenue within the property development seg ment is closely linked to the lease contracts but derives from separate contracts with tenants and is recognise d in accordance with IFRS 15, Revenue from Contracts with Customers. The Group may also have revenue from property sales, which is also recognised in accordance with IF RS 15. Other revenue in the services segment contains the change in inventory. Regarding accounting principles and risks linked to these revenues, see the Annual Report 202 5 . REVENUE CATEGORIES, AMOUNTS IN SEK THOUSAND Assets Development and Management Sustainable investments Other and eliminations Total JAN-JUN 2026 Rental revenue 16,454 - - 16,454 Service revenues 2,911 - - 2,911 Other revenue - - 5,247 5,247 Total Revenue 19,365 - 5,247 24,612 Of which revenue from contracts with customers, subject to IFRS 15 2,911 - - 2,911 JAN-JUN 2025 Rental revenue 12,821 - - 12,821 Service revenues 2,882 - - 2,882 Other revenue - - 2,006 2,006 Total Revenue 15,703 - 2,006 17,709 Of which revenue from contracts with customers, subject to IFRS 15 2,882 - - 2,882
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Crown Energy Half year report 1 January - 30 June 2026 │ 25 Q 2 3 3 3 INVESTMENT PROPERTY Changes in carrying amount: The valuation of the investment properties has been prepared internally as per 3 0 June 202 6 . Required returns for terminal value were determined for housing and office premises and are set at between 6, 0 and 7 ,5 percent, before tax, on av e rage. T he WACC is applied as the discount rate for the cashflows and amount s to 13,7 % to 16,5 % . Lease costs for rights of use are included in the fair value, which means that the lease liability is reversed to avoid doubl e counting these costs: 4 TRANSACTIONS WITH RELATED PARTIES PURCHASES AND SALES WITHIN THE GROUP Of the Parent Company’s revenue for the reporting period during 202 6 , 100 per cent (100) represents re - invoicing and management fees to other companies within the Group. Of the Parent Company’s total interest income , 38 per cent ( 4 7 ) relates to other entities within the Group. PURCHASE OF SERVICES Since 1 February 2021, Yoav Ben - Eli, Board member and largest shareholder in the Company, is remunerated by the Group’s subsidiary in Angola through a consulting agreement and since January 2022 is employed by the parent company. The agreement amounts to E UR 40,500 per month, and the total costs for the period correspond to SEK 2 , 756 thousand for the period. Yoav Ben - Eli received a salary of approximately SEK 5 0 thousand per month from the parent company for the period January - June 202 6 , totalling SEK 292 tho usand . Former consultant and now acting CEO of Accyourate Group, Luca Di Lelio, has provided consultancy services to the Group during the period, with total remuneration amounting to SEK 1,335 thousand. Amir Beker, CEO of Accyourate AI, has likewise provided consultancy services to the Accyourate Group, with total remuneration for the period amounting to SEK 1, 607 thousand. Azur & Partners has provided general business administration services to SmarTee for the p e riod of Janua ry - June 2026 totalling SE K 242 thousand. Azur & Partners is owne d by Vault Group , whose C EO is the Chairman of the Board Pierre - Emmanuel Weil . THE GROUP FULL-YEAR Amounts in kSEK 2026 2025 2026 2025 2025 Opening carrying amount 221,413 226,302 213,885 261,816 261,816 + Capital expenditures the period -5,182 597 37 1,917 4,388 + Acquisitions for the period - - - - - - Disposals for the period -761 -22 -5,566 -83 -515 +/- Unrealised changes in value -4,182 -658 -4,182 -14,502 -23,708 +/- Change in lease liability 12,536 - 12,172 - 3,084 Change in lease contracts, not affecting income - - - - - Reclassification of rights of use -9,750 - 9,987 +/- Exchange rate effects 4,720 -11,726 12,199 -34,656 -41,168 Closing carrying amount 218,795 214,493 218,795 214,493 213,885 Q2 JAN-JUN GROUP, AMOUNTS IN SEK THOUSANDS 30/06/2026 30/06/2025 31/12/2025 Fair value, investment properties 211,484 214,232 203,496 Reversal of lease costs recognized as lease liabilities 7,311 546 10,389 Carrying amount at the end of the reporting period 218,795 214,778 213,885
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Crown Energy Half year report 1 January - 30 June 2026 │ 26 Q 2 3 3 ESI ANGOLA The Company’s principal shareholder Yoav Ben - Eli owns 100 per cent of ESI Angola Lda and according to a service contract, ESI Angola Lda provides property management and other services to YBE Imobiliária Angola Lda. The Group’s purchases of services from ESI Angola Lda amounted to SEK 13 , 368 thousand during the reporting period. In addition to these ongoing purchases of services, Crown Energy has a receivable from ESI Angola Lda. For more information a bout the receivable, please see the Annual Report 202 5 . As of 3 0 June 202 6 , this receivable amounted to the equivalent of SEK 48 , 119 thousand including interest. All transactions are performed on normal commercial terms. KAYA Crown Energy maintains a strategic partnership with KAYA Climate Solutions, including the right to convert loans into an owne rship stake that gives control of the company . Given this existing relationship and the envisaged intention to become a majority owner, KAYA is considered a related party to the Group. Transactions and costs relating to KAYA during the reporting period have been conducted on normal commercial terms and consists of lending amounting to SEK 7 , 031 thousand . WAKAYA WAKAYA is an independent non - profit association in Angola focused on education, environmental initiatives, and community engagement. Expenses related to WAKAYA during the reporting period amounted to SEK 1, 2 27 thousand . Although WAKAYA operates as a separate legal entity, representatives of the Crown Energy Group have acted as founding members of the association. WAKAYA is therefore considered a related party during the period.
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Crown Energy Half year report 1 January - 30 June 2026 │ 27 Q 2 3 3 5 OPERATING SEGMENT S OPERATING SEGMENTS, SEK THOUSAND Q2 2026 Energy Asset Development Sustainable investments Other and eliminations Total Revenues from external customers - 10,057 - - 10,057 Revenues from transactions with other operating segments of the same entity - - - 934 934 Other operating revenue - 7 2,487 195 2,689 Eliminations - - - -934 -934 Total revenues - 10,064 2,487 195 12,745 Operating expenses excl. depreciation and write- downs - -11,764 -8,612 -5,285 -25,661 Changes in value: - - - - - Property, unrealised - -4,182 - - -4,182 Operating profit before depreciation and amortization (EBITDA) - -5,882 -6,125 -5,090 -17,098 Depreciation and write-downs - -2,222 -13,740 -55 -16,017 Operating profit/loss - -8,105 -19,865 -5,145 -33,115 Net financial income/expense 0 -17,134 -953 42,026 23,940 Profit/loss before tax 0 -25,238 -20,818 36,881 -9,175 Income tax - - -3 - -3 Deferred tax - -2,186 3,433 -0 1,247 Profit/loss for the period 0 -27,425 -17,388 36,881 -7,931 Revenues from external customers - 10,057 - - 10,057 Albania - - - - - Angola - 10,057 - - 10,057 Italy - - - - - Sweden - - - - - Non-current assets at the end of the period - 285,888 2,243,301 109 2,529,298 Albania - - - - - Angola - 285,888 - - 285,888 Iraq - - - - - Israel - - 15 - 15 Italy - - 2,243,286 - 2,243,286 Switzerland - - - - - Sweden - - - 109 109
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Crown Energy Half year report 1 January - 30 June 2026 │ 28 Q 2 3 3 OPERATING SEGMENTS, SEK THOUSAND Q2 2025 Energy Asset Development Sustainable investments Other and eliminations Total Revenues from external customers - 5,997 - - 5,997 Revenues from transactions with other operating segments of the same entity - - - 485 485 Other operating revenue - - 838 2 840 Eliminations - - - -485 -485 Total revenues - 5,997 838 2 6,837 Operating expenses excl. depreciation and write- downs -24 -11,378 -5,637 -5,759 -22,799 Changes in value: - - - - - Property, unrealised - -580 - - -580 Operating profit before depreciation and amortization (EBITDA) -24 -5,962 -4,799 -5,757 -16,543 Depreciation and write-downs - -465 -13,527 -55 -14,046 Operating profit/loss -24 -6,427 -18,326 -5,812 -30,589 Net financial income/expense 0 -314 -932 -24,063 -25,308 Profit/loss before tax -24 -6,740 -19,258 -29,875 -55,897 Income tax - - -3 - -3 Deferred tax - 94 3,458 -0 3,552 Profit/loss for the period -24 -6,646 -15,803 -29,875 -52,349 Revenues from external customers - 5,997 - - 5,997 Albania - - - - - Angola - 5,997 - - 5,997 Italy - - - - - Sweden - - - - - Non-current assets at the end of the period 50,752 223,240 2,303,955 110 2,578,057 Albania - - - - - Angola - 223,240 - - 223,240 Iraq 50,752 - - - 50,752 Israel - - - - - Italy - - 2,303,955 - 2,303,955 Switzerland - - - - - Sweden - - - 110 110
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Crown Energy Half year report 1 January - 30 June 2026 │ 29 Q 2 3 3 OPERATING SEGMENTS, SEK THOUSAND JAN-JUN 2026 Energy Asset Development Sustainable investments Other and eliminations Total Revenues from external customers - 19,309 57 - 19,365 Revenues from transactions with other operating segments of the same entity - - - 1,845 1,845 Other operating revenue - 17 4,315 915 5,247 Eliminations - - - -1,845 -1,845 Total revenues - 19,325 4,372 915 24,612 Operating expenses excl. depreciation and write- downs - -27,631 -17,869 -9,077 -54,577 Changes in value: - - - - - Property, unrealised - -4,048 - - -4,048 Operating profit before depreciation and amortization (EBITDA) - -12,354 -13,497 -8,162 -34,013 Depreciation and write-downs - -4,966 -27,192 -109 -32,268 Operating profit/loss - -17,320 -40,689 -8,272 -66,281 Net financial income/expense 501 -15,626 448 33,909 19,232 Profit/loss before tax 501 -32,946 -40,241 25,638 -47,049 Income tax - - -3 - -3 Deferred tax - -6,260 4,868 -0 -1,392 Profit/loss for the period 501 -39,206 -35,375 25,638 -48,443 Revenues from external customers - 19,309 57 - 19,365 Albania - - - - - Angola - 19,309 - - 19,309 Italy - - 57 - 57 Sweden - - - - - Non-current assets at the end of the period - 285,888 2,243,301 109 2,529,298 Albania - - - - - Angola - 285,888 - - 285,888 Iraq - - - - - Israel - - 15 - 15 Italy - - 2,243,286 - 2,243,286 Switzerland - - - - - Sweden - - - 109 109
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Crown Energy Half year report 1 January - 30 June 2026 │ 30 Q 2 3 3 OPERATING SEGMENTS, SEK THOUSAND JAN-JUN 2025 Energy Asset Development Sustainable investments Other and eliminations Total Revenues from external customers - 15,703 - - 15,703 Revenues from transactions with other operating segments of the same entity - - - 1,059 1,059 Other operating revenue - 32 1,196 779 2,006 Eliminations - - - -1,059 -1,059 Total revenues - 15,734 1,196 779 17,709 Operating expenses excl. depreciation and write- downs -676 -27,095 -9,933 -10,271 -47,975 Changes in value: - - - - - Property, unrealised - -14,506 - - -14,506 Operating profit before depreciation and amortization (EBITDA) -676 -25,867 -8,737 -9,492 -44,771 Depreciation and write-downs - -1,851 -27,299 -110 -29,260 Operating profit/loss -676 -27,718 -36,037 -9,602 -74,032 Net financial income/expense -92 4,246 -2,200 -3,344 -1,390 Profit/loss before tax -768 -23,472 -38,236 -12,945 -75,422 Income tax - - -82 - -82 Deferred tax - 4,330 7,002 0 11,331 Profit/loss for the period -768 -19,142 -31,317 -12,945 -64,172 Revenues from external customers - 15,703 - - 15,703 Albania - - - - - Angola - 15,703 - - 15,703 Italy - - - - - Sweden - - - - - Non-current assets at the end of the period 50,752 223,240 2,303,955 110 2,578,057 Albania - - - - - Angola - 223,240 - - 223,240 Iraq 50,752 - - - 50,752 Israel - - - - - Italy - - 2,303,955 - 2,303,955 Switzerland - - - - - Sweden - - - 110 110
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Crown Energy Half year report 1 January - 30 June 2026 │ 31 Q 2 3 3 6 ASSETS HELD FOR SALE Crown Energy Iraq AB During the period, the Group has continued to receive payments under the 2021 agreement relating to the divestment of the Gro up’s oil and gas assets. As of 3 0 June 202 6 , the Group has received USD 1 47 Million ( valued at SEK 1, 458 , 601 thousand as per periods end) and 33 MUSD ( SEK 3 27 , 441 tho u sand ) remains to be received under the current payment plan. This will total in approximately SEK 1, 7 86 , 042 thousand of which no income tax expense will be recognised in profit or loss in connection with the transaction, as it relates to the sale of shares in a subsidiary. A prepaid transaction cost of SEK 57,656 thousand will be realised . The carrying amount of Crown Energy Iraq AB amounted to SEK 50,752 thousand as of 31 December 2025. This amount has been recl assified as assets held for sale as of 31 December 2025. In accordance with IFRS, the asset is not remeasured upwards based on the agreed transaction value, and the gain will be recognised when the transaction is completed and control of the asset is transferred to the buyer. C - view On 30 April 2019, Crown Energy signed an agreement concerning the sale of the C - View property in Angola. The property, which is the largest in Crown Energy’s subsidiary YBE, comprises three office buildings (Buildings A, B and C) with a total leasable area of 9,515 square metres, and a residential building with a total area of approx. 3,400 square metres, of which 2,544 square metres are leasable. C - View is situated in the attractive suburb of Talatona, south of Luanda’s central business district (CBD). The buyer is the Angolan government, through the Ministry of Finance (MINFIN). It was agreed that the transaction would be paid in Angolan kwanza over a period of three years , with payments adjusted for the official level of inflation. The compensation for in flation will be determined with final effect before the final instalment is paid. The C - View property in Angola remains classified as an asset held for sale. The Group continues to manage the property until econom ic control is transferred to the buyer (MINFIN). C - View is recognised at fair value in accordance with IAS 40, corresponding to the agreed consideration discounted over the agreed payment period. Payments received are recognised as deferred income until control is transferred to buyer (contract liability SEK 1 92 , 996 thousand as of 3 0 June 202 6 ). In March 2026 the group has recei ved additional amount corresponding to SEK 7,574 thousand. Due to continued uncertainty regarding timing and final amount, including future inflation adjustments, no inflation compensation has been recognised during the reporting period. For more information about the transaction and how it will be a ccounted for, please see Note 2 7 Assets held for sale in the Annual Report 202 5 . 7 I NTANGIBLE ASSETS Intangible assets AMOUNTS IN SEK (KSEK) Goodwill Internally generated software Projects in progress IP & Other intangible assets Total 2025-12-31 Costs 1,326,874 32,972 19,417 976,226 2,355,489 Accumulated depreciation and amortization - -2,161 - -147,434 -149,595 Net Book Amount per 2025-12-31 1,326,874 30,811 19,417 828,792 2,205,895 Acquired balances through subsidiaries 54 - - - 54 Investments in assets - 2,937 2,179 377 5,493 Disposals of assets - -258 - - -258 Reclassification of assets - - - - - Currency Translation Effects 33,792 845 567 20,411 55,615 Depreciation and amortization - -1,360 - -24,982 -26,342 Closing net amount 1,360,721 32,975 22,164 824,598 2,240,458 Costs 1,360,721 40,038 22,164 994,793 2,417,716 Accumulated depreciation and amortization - -7,063 - -170,195 -177,258 Net Book Amount per 2026-06-30 1,360,721 32,975 22,164 824,598 2,240,458
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Crown Energy Half year report 1 January - 30 June 2026 │ 32 Q 2 3 3 Impairment test The Group examines goodwill for impairment annually. An impairment test was later performed for Q4. F or the reporting periods 2025 and 2026, the recoverable value of the cash - generating units has been determined on the basis of calculations and assumptions used. The cash - generating units correspond to business areas. The value used is calculated using the discounted cash flow model based on the approved forecasts of Group Management for the next 10 years. The forecasts are based on the estimate from the uni ts in each business area, i.e. the cash - generating unit. The forecasts require a number of important assumptions such as sales growth, future operating margins and d iscount rates, which form the basis for the cash flow model. The cash flow for the last yea r of the 10 - year period becomes the basis for the calculation of the perpetual annuity. Discount rates are based on 33.08% before tax with adjustments for specific risk premiums when calc ulating the forecast. The acquisition of SmarTee S.à r.l. through Crown Energy AB was completed on February 3, 2023. As of June 3 0 , 2026, the carrying amount of goodwill amounts to SEK 1, 3 60 , 721 thousand. Sensi tivity Analysis - Goodwill A sensitivity analysis that includes all key assumptions is performed and management believes that no reasonably possible cha nge in any of the above key assumptions would cause book value to materially exceed recoverable value. For Smartee, the recoverable amount would be equal to book value if the discount rate is increased by 3.8 percentage points. The same applies assuming that EBIT will be 3 % lower than forecast. Forecasts for sales growth and operating margin are included in the sensitivity analysis. 8 CONTRACTUAL MATURITIES OF FINANCIAL L IABILITIES Liabilities were positively affected by approximately SEK 44 million following the amendment agreement with the seller of SmarTee, as the postponed payment schedule resulted in a lower discounted value of the deferred purchase price liability. 9 EVENTS AFTER REPORTING PERIOD END On 5 August 2026, Crown Energy issued a notice convening an Extraordinary General Meeting to be held on 31 August 2026. The Board has proposed that Gunnar Danielsson be elected as a new member of the Board for the period until the close of the next Annual General Meeting. Gunnar Danielsson has extensive experience in auditing, accounting, financial reporting and corporate governance, including more than 20 years at Ernst & Young and several senior finance and board positions in listed companies . CONTRACTUAL MATURITIES FOR FINANCIAL LIABILITIES AS OF 30 JUN 2026 IN THOUSANDS OF SEK <6 months 6-12 months 1-2 years 3-5 years Total contractual cashflow Carrying amount (assets)/liabilities Non-derivatives Trade payables 1,653 - - - 1,653 1,653 Contingent consideration 110,935 - - 110,935 110,935 Payments SmarTee - 277,338 549,128 - 826,466 755,429 Loans 328 223 446 165 1,163 1,163 Lease liabilities 7,973 725 4,991 121,431 135,120 61,753 Total non-derivatives 119,236 278,286 554,565 121,596 1,073,683 930,933
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Crown Energy Half year report 1 January - 30 June 2026 │ 33 Q 2 3 3 The Board and CEO hereby certify that this Half - year report gives a fair overview of the Parent Company’s and Group’s operations, position, and earnings, and describes significant risks and uncertainty factors to which the Group and its companies are exposed. This report has not been reviewed by the Company’s auditors . Stockholm, 28 August 20 2 6 Pierre - Emmanuel Weil Chairman of the Board Yoav Ben - Eli Board member, CEO Alan Simonian Board member , C OO PUBLICATION This information is information as Crown Energy AB (publ) is required to disclose under the EU Market Abuse Regulation. The i nformation was submitted for publication at 12:00 P M CET, on 2 8 August 202 6 . REPORTING DATES Nine - month report 2026 27 November 2026 Year - end Report 2026 25 February 2027 FINANCIAL INFORMATION All financial information is posted at www.crownenergy.se as soon as it is released. Shareholders, other players in the stock market, and the public are free to subscribe to the Company’s press releases and financial reports through our homepage Crownenergy.se or https://www.crownenergy.se/en/investors/subscription/. For additional information, contact: Yoav Ben - Eli, CEO +46 (0)8 400 207 20 ADDRESS Crown Energy AB (publ) Skeppargatan 27 SE - 114 52 Stockholm, Sweden www.crownenergy.se
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Crown Energy Half year report 1 January - 30 June 2026 │ 34 Q 2 3 3 G lossary and definitions ALTERNATIVE PERFORMANCE MEASURES The Company applies the European Securities and Markets Authority’s (ESMA) guidelines on alternative performance measures. The alternative key financial performance indicators are defined as financial measures of historical or future earnings trends, finan cial position, financial performance or cash flows that are not defined or specified in the applicable regulations for financial reporting, IFRS and the Annual Accounts Act. These measures should not be regarded as a substitute for measures defined in acco rdance with IFRS. If an alternative performance measure cannot be identified directly from the financial statements, a reconciliation is required. ALL INDICATORS ARE ALTERNATIVE UNLESS STATED OTHERWISE. DEFINITIONS OF KEY RATIOS Finan cial key ratios EBITDA Earnings before interest, taxes, depreciation and amortisation. EBITDA is used to measure earnings from operating activities, independently of depreciation, amortisation and impairment losses. EBITDA margin Measurement of a company’s operating profitability as a percentage of its total revenue. The EBITDA margin is used to compare EBITDA in relation to revenue. Equity, SEK Equity at end of period. Equity/assets ratio, % Equity including non - controlling interest as a percentage of total assets. Used to highlight the Company’s interest rate sensitivity and financial stability. Return on assets (ROA), % This ratio measures profitability relative to total assets. Return on assets is used to highlight a company’s ability to generate profit on the group’s assets, unaffected by the group’s financing. Return on equity (ROE), % The amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested. Total assets Total assets at the end of the period. Total assets are a measure of the value of assets at the end of the period. Ratios per share Earnings per share, SEK* Earnings after tax divided by average number of shares for the period. Used to show the shareholders share of the Group’s earnings after the minority interest per share. Equity per share, SEK Equity at end of period divided by number of shares at end of period. Used to highlight the shareholders’ portion of the company’s total assets per share. T otal number of shares outstanding* Number of shares outstanding at end of period. Weighted average number of shares* Weighted number of shares outstanding during the year . Employees Average number of employees** Average number of employees during the period. PROPERTY - RELATED DEFINITIONS AND GLOSSARY Area occupancy rate** Leased area in relation to total leasable area at the end of the period. Economic occupancy rate** Calculated by dividing contracted annual rental revenue in relation to the rental value. This figure is used to help facilitate the assessment of rental revenue in relation to the total value of available, unleased area. Note that this calculation does not include service revenues. Relates to contracted annual rent plus assessed market rent for vacant premises. Leasable area, sqm** Leased area plus leasable vacant area. Operating net Total revenue less property costs. Rent backlog** Outstanding rental revenues during remaining contract period. Rent backlog is used to highlight the Group’s remaining contract value for rental revenues to be invoiced to the tenant, at a given point in time. Cannot be derived from the Company’s financial reporting.
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Crown Energy Half year report 1 January - 30 June 2026 │ 35 Rental revenue* Billed rents, rent surcharges and rental guarantees less rent discounts. Revenue backlog** Outstanding rental and service revenues during remaining contracted contract period. Revenue backlog is used to highlight the Group’s total remaining contract value to be invoiced to the tenant, at a given point in time. Cannot be derived from the Company’ s financial reporting. Service revenue* Service in accordance with client contract. Service may, depending on how the contract is designed, include everything from operating costs to Internet and catering costs. Weighted average unexpired lease term (WAULT)** Used to illustrate the average lease term until expiry for the entire property portfolio, weighted after total contractually agreed rental and service revenues. Calculated by dividing contracted revenue (rent and service) until expiry by annual contracted rents and service. Expressed in months. *Key ratio defined by IFRS/IAS. **Key ratio not covered by ESMA’s guidelines for alternative performance measures (physical, non - financial or not based on information from the financial reports).
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Crown Energy Half year report 1 January - 30 June 2026 │ 36 Q 2 3 3 About Crown Energy Crown Energy is transforming into a new and more socially responsible business direction, with focus on the medical technology industry and on improving the green footprint by way of investing in companies active in those areas. The investment into the Healthtech company Accyourate marked the start of the new Crown Energy in early 2023. Accyourate holds high - tech patents and creates algorithms to support production of ‘smart’ wearable garments for use in the medical industry as well as services such as analysis, data gathering and extrapolations of medical information and growth of medical database s. Crown has in early 2024 entered a strategic partnership with KAYA Climate Solutions GmbH, a project developer in nature - based solutions for climate change mitigation in Sub - Saharan Africa. This collaboration aims to be a starting point for large impact in climate change mitigation and adaptation through landscape restoration and nature conservation which will be financed by the voluntary carbon market an d similar mechanisms. The business area Asset Development and Management based in Angola is providing international companies Real estate and servi ces. Crown Energy has been active in the oil and gas business for more than 10 years. Today the only remaining asset in the energy field is a passive holding of energy reserves which following the signing of a sale and purchase agreement is being divested. Crown has withdraw n from and/or written down its other earlier Licence holdings.