RomReal (ROM) investor relations material

Executive summary

• Net Asset Value (NAV) per share decreased by 3.3% to EUR 0.38 compared to Q1 2026, reflecting a softer quarter for asset values and operational results.

• Net result for Q2 2026 was a loss of EUR 123,000, reversing a gain of EUR 586,000 in Q2 2025, mainly due to lower sales and higher capitalized infrastructure expenses.

• Cash position at quarter-end was EUR 5.7 million, with an additional EUR 1.6 million in unsettled receivables from binding sales agreements, totaling EUR 7.3 million in liquid assets.

• One apartment was sold during the quarter, and a conditional sale of the Balada Market project was agreed, with 50% of the purchase price received.

Financial highlights

• Operating revenue for Q2 2026 was EUR 161,000, down from EUR 913,000 in Q2 2025.

• Operating expenses were EUR 259,000, slightly higher than EUR 253,000 in the prior year.

• Operating loss was EUR 196,000, compared to a gain of EUR 604,000 in Q2 2025.

• Net financial income was EUR 73,000, up from EUR 50,000 in Q2 2025.

• Cash flow from operations was negative EUR 435,000, compared to positive EUR 713,000 in Q2 2025.

Outlook and guidance

• Security concerns have increased due to regional tensions, but defensive measures and NATO presence are in place.

• CPI and GDP trends are improving, though inflation remains the highest in the EU and GDP growth is forecasted around zero for 2026.

• Financial position is expected to strengthen if the conditional Balada sale is completed, enabling further investment in key projects.