Annual Report AKKO INVEST Public Limited Company and its subsidiaries for the financial year ending on 31 December 2023, prepared in accordance with the International Financial Reporting Standards (IFRS) adopted by the European Union

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 2 Members of the Governing Board Zoltán Prutkay (Chairman of the Board) Imre Attila Horváth (deputy chairman) Gábor Varga (until 21 November 2023) István Matskási Péter Márk Bosánszky Gábor Székely Members of the Audit Committee Gábor Székely (chairman) István Matskási Péter Márk Bosánszky Contact details of the Company 1118 Budapest, Dayka Gábor u. 5 Web: www.akkoinvest.hu Email: info@akkoinvest.hu Auditor’s details: Dr. László Péter Lakatos (007102) UNIKONTO Számvitelkutatási Kft. Chamber registration number: 001724

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 3 Contents Abbreviations used in the financial statements ....................................................................................... 6 I. Presentation of the AKKO Invest Plc. ......................................................................................... 7 II. Changes in the accounting policy, expected impact of the IFRS and IFRIC interpretations not yet in force on the date of the financial statements, previous applications ........................................... 11 III. Business and Management Report of AKKO Invest Plc and AKKO Group ............................. 13 Business environment and results of the year .............................................................................. 13 Presentation of the scope of activities ......................................................................................... 18 Size and composition of the share capital .................................................................................... 19 Changes in the structure of the Group ......................................................................................... 20 Performance figures of the previous year .................................................................................... 20 Most important events of NEO Property Services Zrt. in 2023 ....................................................... 21 Material events after the Reporting Period .................................................................................. 28 Executive officers........................................................................................................................ 28 Employment policy ..................................................................................................................... 29 Research and experimental development .................................................................................... 30 Environmental protection ........................................................................................................... 30 Presentation of the premises....................................................................................................... 30 Disclaimer ............................................................................................................................................... 31 Consolidated Financial Statements of ................................................................................................... 32 Public Limited Company ........................................................................................................................ 32 1. Basis of the preparation of financial statements and the entity’s ability to continue as a going concern .................................................................................................................................................. 38 2. Accounting policies related to consolidation ............................................................................. 38 3. Essential elements of the accounting policy...................................................................................... 41 Presentation of the financial statements................................................................................... 41 Essential decisions related to the presentation ........................................................................ 41 Foreign Currency ...................................................................................................................... 42 Accounting policies related to the income statement ............................................................... 42 General accounting policies related to cash flow ..................................................................... 55 4. Significant estimates used in preparing the financial statements and other sources of uncertainties 56 5. Supplementary notes to the Comprehensive Income Statement ...................................................... 57 5.1. Revenue ............................................................................................................................ 57 5.2. Direct operating expenditures ............................................................................................ 57 5.3. Administrative and sales expenditures .............................................................................. 58 5.4. Other revenues and expenditures ..................................................................................... 60 5.5. Financial revenues and expenditures ................................................................................ 61 5.6. Income tax expenditure ..................................................................................................... 61 6. Supplementary notes to the balance sheet ....................................................................................... 63 6.1. Value of customer relations ............................................................................................................ 63

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 4 6.2. Goodwill .......................................................................................................................................... 63 6.3 Right-of-use assets.......................................................................................................................... 64 6.4 Other intangible assets .................................................................................................................... 65 6.5 Investment properties ...................................................................................................................... 65 6.6 Properties ........................................................................................................................................ 69 6.7 Plant, fixtures and equipment .......................................................................................................... 69 6.8 Trade accounts receivable .............................................................................................................. 70 6.9 Other receivables and prepayments and accrued income .............................................................. 70 6.10 Restricted cash .............................................................................................................................. 71 6.11 Cash and cash equivalents ........................................................................................................... 71 6.12 Subscribed capital ......................................................................................................................... 72 6.13 Share premium .............................................................................................................................. 72 6.14 Treasury shares ............................................................................................................................. 73 6.15 Proprietary transactions................................................................................................................. 74 6.16 Accumulated exchange difference ................................................................................................ 74 6.17 Liabilities from loans and borrowings (long- and short-term) ........................................................ 74 6.18 Provisions ...................................................................................................................................... 75 6.19 Deferred tax assets and liabilities and subsequently payable taxes ............................................. 76 6.20 Deferred purchase price of the acquisition .................................................................................... 77 6.21 Trade accounts payable ................................................................................................................ 78 6.22 Other short-term liabilities and accruals ........................................................................................ 79 6.23 Income tax liability ......................................................................................................................... 79 6.24 Earnings per share (EPS), EBITDA .............................................................................................. 80 6.25 General disclosures related to financial assets and liabilities and fair value hierarchy ................ 80 7. Other disclosures related to the consolidated financial statements .................................................. 83 7.1 Operating segments ........................................................................................................................ 83 7.2Transactions with related parties ...................................................................................................... 87 7.3 Dividend paid by the subsidiaries .................................................................................................... 87 7.4 Description of risks and sensitivity analysis .................................................................................... 87 7.5 Disclosures due to interests in other entities ................................................................................... 92 7.6 Material events after the reporting period; dividend proposed ........................................................ 92 7.7 Statements ...................................................................................................................................... 92 7.8 Authorisation of the publication of the financial statements ............................................................ 92 Separate Financial Statements of ......................................................................................................... 93 Public Limited Company ........................................................................................................................ 93 1. Key elements of the accounting policy; basis of preparation of financial statements ....................... 98 1.1 Basis of the preparation of financial statements and the entity’s ability to continue as a going concern 98 2. Significant estimates used in preparing the financial statements and other sources of uncertainties 112 3.Supplementary notes to the Comprehensive Income Statement ..................................................... 113 3.1 Revenue ........................................................................................................................................ 113

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 5 3.2 Direct operating expenditures ....................................................................................................... 113 3.3 Administrative and sales expenditures .......................................................................................... 113 3.4 Financial revenues and expenditures ..................................................................................... 114 3.5 Income tax expenditure .......................................................................................................... 114 4. Supplementary notes to the balance sheet ............................................................................ 116 4.1 Investment properties ............................................................................................................. 116 4.2 Long-term investments in subsidiaries ................................................................................... 117 4.3 Other receivables and prepayments and accrued income ..................................................... 118 4.4 Receivables from subsidiaries ................................................................................................ 118 4.5 Restricted cash ....................................................................................................................... 119 4.6 Cash and cash equivalents..................................................................................................... 119 4.7 Subscribed capital .................................................................................................................. 119 4.8 Share premium ....................................................................................................................... 120 4.9 Retained earnings................................................................................................................... 120 4.10 Treasury shares ...................................................................................................................... 120 4.11 Bank loans .............................................................................................................................. 121 4.12 Deferred tax liabilities and subsequently payable taxes......................................................... 121 4.13 Deferred purchase price of the acquisition and other short-term loans from subsidiaries ..... 122 4.14 Other short-term liabilities ....................................................................................................... 122 4.15 Income tax liabilities................................................................................................................ 123 4.16 Trade accounts payable ......................................................................................................... 123 4.17 Fair value hierarchy of financial assets and liabilities ............................................................. 123 5 Other disclosures .................................................................................................................... 125 5.1 Transactions with related parties ............................................................................................ 125 5.2 Dividends paid ........................................................................................................................ 125 5.3 Description of risks and sensitivity analysis............................................................................ 125 5.4 Disclosures due to interests in other entities .......................................................................... 128 5.5 Equity reconciliation table ....................................................................................................... 129 5.6 Statements .............................................................................................................................. 130 5.7 Material events after the Reporting Period ............................................................................. 131 5.8 Authorisation of the publication of the financial statements ................................................... 131 The Annual Statements comprise 131 pages.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 6 Abbreviations used in the financial statements IAS International Accounting Standards IFRS International Financial Reporting Standards IFRIC/SIC International Financial Reporting Interpretation Committee/Standing Interpretation Committee FVTOCI Measured at fair value through other comprehensive income FVTPL Measured at fair value through profit or loss CODM Chief Operating Decision Maker EPS Earnings per share AC Audit Committee ECL Expected credit loss EBITDA Interest, depreciation and profit or loss before tax Figures in brackets indicate negative values in the financial statements!

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 7 I. Presentation of the AKKO Invest Plc. AKKO Invest Plc. is a public limited company registered in Hungary by the Metropolitan Court as Company Court. AKKO Invest Plc. and its legal predecessor is listed by the Budapest Stock Exchange since 15 February 2011. The Company’s core activity is asset management.

AKKO Invest Plc. is a holding company, i.e. a company with equity stake is several undertakings, the economic objective of which is to realise long-term increase in value through efficient cooperation between the holding and the subsidiaries. AKKO Invest Plc. invests its own assets, without performing external asset management. Its fundamental objective is to achieve asset accumulation and increase in value in the subsidiaries (and thus also in the parent company). The subsidiaries are entities operating primarily in the property market.

AKKO Invest Plc. is a public limited company established under the laws of Hungary. Registered office of the Company: 1118 Budapest, Dayka Gábor u. 5. (since April 23, 2021) The Company’s subscribed capital is HUF 833,880,000, which comprises of 33,355,200 pieces of ordinary shares on 31 December 2023. The nominal value of the shares is HUF 25/piece. Ownership structure of the parent company 31/12/2023 31/12/2022 Name Nominal value of business share in Million HUF Equity stake % Nominal value of business share in Million HUF Equity stake % Free Float 347 41,55% 465 55,79% Chantili Invest Plc 251 14,11% 251 14,11% MEVINVEST Ltd 118 30,10% 118 30,10% B + N Referencia Plc 119 14,24% 0 0,00% Share series 834 100% 834 100% Number of voting rights attached to the shares on 31 December 2023: Total Issued pieces Number of voiting shares Voiting right per share Total voiting right Number of treasury shares Ordinary shares 33 355 200 33 355 200 1 33 355 200 0 Total 33 355 200 33 355 200 N/A 33 355 200 0 Subsidiaries of the Company and consolidation The Company and its subsidiaries constitute a Group. On 16 March 2023, the structure of the Group changed and was expanded due to the integration of the new subsidiary, Deniro Zrt. Group Members and main activities on 31 December 2023:

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 8 Company Address Core business AKKO Invest Nyrt. 1118 Budapest, Dayka Gábor u. 5. Asset management VÁR-Logisztika Zrt. 1124 Budapest, Lejtő út 17/A. Property development (industrial property) MOON Facility Zrt. 1124 Budapest, Lejtő út 17/A. Property development (industrial property) A PLUS INVEST Zrt. 1124 Budapest, Lejtő út 17/A. Residential property development 4 Stripe Zrt. 1124 Budapest, Lejtő út 17/A. Property development (industrial property) ALQ SAS 06600 Antibes, 18 Avenue Louis Gallet, France Property development (hotel) Deniro Zrt. 1124 Budapest, Lejtő utca 17/A Asset management Elitur Invest Zrt. 1124 Budapest, Lejtő utca 17/A Asset management NEO Property Services Zrt. 1095 Budapest, Máriássy utca 7. Property development and operation Relevant figures of the companies: Company Registered capital at 31/12/2023 Equity stake (%) at 31/12/2023 Effective date of the change Registered capital at 31/12/2022 Equity stake (%) at 31/12/2022 Classification AKKO Invest Nyrt. 834 - - 834 - parent VÁR-Logisztika Zrt. 5 100% - 5 100% subsidiary MOON Facility Zrt. 5 100% - 5 100% subsidiary A PLUS INVEST Zrt. 20 100% - 20 100% subsidiary 4 Stripe Zrt. 20 100% - 20 100% subsidiary ALQ SAS 5 100% - 5 100% subsidiary Elitur Invest Zrt. 5 100% 2021.02.26 5 100% subsidiary NEO Property Services Zrt. 20 49% 2021.02.26 20 49% subsidiary Deniro Zrt. 5 100% 2023.03.16 0 0% subsidiary All Companies disclose separate financial statements publicly. The activities of the subsidiaries are described in detail below: MOON Facility Zrt. MOON Facility Zrt. is the owner of an industrial property located in Szolnok, which it utilises by means of rental. The Company is a member of the Group since 22 March 2019. Address of the property: 5000 Szolnok, Kombájn utca – stated in the land register as three properties. Vár-Logisztika Zrt. Vár-Logisztika Zrt. is the owner of an industrial property located in Nagykanizsa, which it utilises by means of rental. The Company is a member of the Group since 15 February 2019. Address of the property: 8800 Nagykanizsa, Vár utca 12. The properties held by the Company were sold on 11 October

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 9 2023 pursuant to a property sales contract, thus the transaction was closed on 13 December 2023. The Company’s shareholders and investors were notified thereof in official disclosures. ALQ SAS ALQ SAS is a company registered under the laws of France. It performs the development and improvement of an apartment building owned by the Company on the French Riviera, which will be rented or sold upon completion. Address of the property: 18 Avenue, Louis Gallet, Juan-Les-Pins, Antibes, France As the Company obtained the final building permit in 2023, the improvement and transformation of the hotel will take place as part of the owner’s decision and investment, according to the plans. 4 Stripe Zrt. 4 Stripe Zrt. owns an industrial property in Budaörs, which it uses by means of rental. Address of the property: 2040 Budaörs, Kinizsi 4-6. The Company is a member of the Group since 2 October 2019. A PLUS Invest Zrt. A PLUS Invest Zrt. plans to transform the property in district XII of Budapest into luxury property to be sold or leased upon completion. Address of the property: 1121 Budapest, Őzike út 14. - Eötvös út 31. The Company is a member of the Group since 18 December 2019. The property is currently used by means of rental. Elitur Invest Zrt. The Company has acquired 100% of the business shares of Elitur Invest Zrt., thereby it owns 100% of NEO Property Services Zrt., 51% of which it owns indirectly, through Elitur Invest Zrt. Date of acquisition: 26.02.2021. The Group owns 100% of NEO Property Services Zrt. Date of acquisition: 26.02.2021. NEO Property Services Zrt. is one of the leading property operators and service providers in Hungary. Deniro Zrt. The Group obtained 100% of the business shares of Deniro Zrt. on 16 March 2023. The Company settled the purchase price of the property by means of transferring treasury shares. The property is in the immediate vicinity of the property held by 4 Stripe Zrt., which is used in 100% by means of rental. Address of the property: 2040 Budaörs, Kinizsi utca 4. Presentation currency and accuracy of the financial statements The functional currency of the parent company is Hungarian forint. The financial statements have been prepared in Hungarian forints (presentation currency) and unless it is indicated otherwise the figures are stated in million HUF. In 2022, the Group switched to presentation in HUF million. The conversion of comparative figures took place.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 10 Euro is an important foreign currency for the Group. The exchange rate of the foreign currency in the reporting period was as follows (one currency unit/HUF, MNB exchange rates): Currency 2023 2022 Closing Average Closing Average Euro (EUR) 382,78 381,95 400,25 391,33

Disclosures related to Auditor Pursuant to Act C of 2000 on Accounting, the financial statements of the Company are subject to mandatory audit by an independent auditor. In 2023, audit activities were carried out by UNIKONTO Számvitelkutatási Kft. (1092 Budapest, Fővám tér 8. III/317.3.; tax number: 10491252-2-43; Chamber registration number: 001724). On behalf of UNIKONTO Számvitelkutatási Kft., it is Mr. Dr. László Péter Lakatos (auditor’s card number: 007102) who is responsible for performing the auditor's tasks. Pursuant to the Accounting Act, the annual auditing fee is THUF 2,000 + VAT for the audit of consolidated financial statements drawn up according to the International Financial Reporting Standards (IFRS). The auditor does not perform any activity at the Group other than the statutory audit.

Disclosures related to the provider of accounting services The separate and consolidated financial statements have been compiled by Hajnalka Réti, IFRS chartered accountant (registration number: 202580). The chartered accountant performed her duty on behalf of CVA ClearVision Accounting Kft.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 11

II. Changes in the accounting policy, expected impact of the IFRS and IFRIC interpretations not yet in force on the date of the financial statements, previous applications The Group has not changed the applied accounting policy between 2022 and 2023. An exception is the application of accounting policies related to the introduction of the new standards and to activities that did not exist earlier. New and amended standards and interpretations issued until the disclosure of the financial statements of the Group, but not yet in force, are as follows: At the time of approval of these financial statements, the following standards, as well as amendments to existing standards and interpretations issued by the IASB and adopted by the EU, were published without entry into force: Amendments to IFRS 16: Lease Liability in a Sale and Leaseback In September 2022, the IASB issued amendments to the IFRS 16 standard in order to specify the requirements to be applied by the seller-lessee in the assessment of the lease liability arising in a sale and leaseback transaction to ensure that the seller-lessee does not recognise a profit or loss related to the right of use it retains. The amendments enter into force for the annual reporting periods starting on 1 January 2024 or afterwards, and must be applied retrospectively for leaseback transactions concluded after the first application date of the IFRS 16. Any prior application is permitted and this fact must be disclosed. The amendments are not expected to have a significant impact on the financial statements of the Group. Amendment to IAS 1: Classification of Liabilities as Current or Non-current The IASB issued amendments to paragraphs 69 to 76 to IAS 1 in January 2020 and October 2022 in order to specify the conditions for classifying liabilities as current or non-current. The amendments clarify:  The meaning of the right to defer settlement.  The right to defer must exist at the end of the reporting period.  This classification shall not be affected by the probability that the entity will exercise its right to defer.  If a derivative embedded in a convertible liability is itself an equity instrument, except that the terms and conditions attached to the liability do not affect its classification. In addition, a disclosure requirement was introduced for the case when a liability arising under a loan agreement is classified as non-current and the entity's right to defer settlement is conditional upon the satisfaction of future conditions within twelve months. The amendments enter into force for the annual reporting periods starting on 1 January 2024 or afterwards, and must be applied retrospectively. The Group is currently exploring the impacts of the amendments on current practice and whether the renegotiation of existing loan agreements becomes necessary.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 12

The Group does not apply these new standards and amendments to existing standards before their effective dates.

Business and Management Report 31.12.2023Business and Management Report 31.12.2023 III. Business and Management Report of AKKO Invest Plc and AKKO Group Business environment and results of the year In business year 2023, the Group recorded a significant profit, as expected, which is primarily due to the profit generated in NEO Property Services Zrt. (hereinafter: NEO). The consolidated sales revenue is outstandingly good, it exceeded by 34.92% the consolidated sales revenue of the period that ended on 31 December 2022. The EBITDA value of the Group exceeded the value for the same period of 2022 by 16.97%. A change in the Company’s life was brought by the acquisition of 100% of the business shares of the new subsidiary, Deniro Zrt., which further increased the company group’s equity stake in the industrial properties in each other’s immediate vicinity in Budaörs. Deniro Zrt. owns a property on a plot with a surface area of 1,518 m 2 with a superstructure of 1,334 m 2 , having a rental rate of 100%. In the second semester of 2023, the Nagykanizsa property owned by the Company was removed from VÁR-Logisztika Zrt. by means of sale. Thereby, the amount of the loan with MHB Bank Zrt. was fully repaid by using the selling price received from the property sale. The Group strived to reduce its loan portfolio both with OTP Bank Nyrt. and with WING Zrt. In the fourth semester of 2023, the Group obtained the 50% ownership interest of the property located at 1117 Budapest, Szerémi út 4. – Kaposvári u. 3-11., designated as “office building on an uncultivated land”, with a useful floor area of 21,857 m 2 . The Russo-Ukrainian war that broke out in 2022 did not have any impact on the Group’s activity or revenues. The Group’s long-term strategy aims at further acquisitions, as well as compliance with the ESG criteria and greening in several priority areas, such as occupational health and safety, ethical business and regulatory compliance, energy efficiency, climate change, waste management and digitalisation. The Group has not carried out any derivatives and securities transactions and capital market investments for years, this was the case in 2023 as well, and is not planning to carry out such activities in the future. The main line of business of the Group is the realisation of investments in the real economy. The current property portfolio of the Group consists of the following properties: - office premises in district XI of Budapest, - industrial properties in Szolnok and Budaörs, - a villa building in district XII of Budapest, - office premises located in a residential property in district XIII of Budapest, - a hotel project in France (Cyrano Hotel – Juan-Les-Pins, Antibes). Industrial properties are mostly commercial and logistic facilities.

Business and Management Report 31.12.2023 14 Property located at Szerémi út 4. – Kaposvár u. 3-11. The property is located in the Southern Buda region, which has provided the settings and opportunities for the realisation of countless major real estate developments in recent years, and continues to do so today (e.g. Kopaszi dam, new MOL headquarters, residential complexes, office buildings, etc.). In view of the easy access to the property and its privileged location, it offers numerous opportunities for further exploitation. The offices that can be found in the property are currently used by means of rental. Surface area of the land plot: 3.597 m 2 Superstructures: 21.857 m 2 Property located at Kárpát utca 50. The property comprises the office space at the ground floor of the housing association in district XII. The aim is to use the office space by means of rental. Superstructure: 121 m 2

Business and Management Report 31.12.2023 15 MOON Facility Zrt. The property is located in the industrial sector of Szolnok, in the South Western part of the town. The property is suitable for being used for multiple purposes because of its location and design. As in recent years, the property continues to be rented currently by one tenant and the Parent Company intends to use it by means further rental and development. The property also comprises industrial railway sidings connected to the countrywide network. Surface area of the land plot: 48.627 m 2 Superstructures: 3.330 m 2 ALQ SAS The hotel is located in France, in the town of Antibes, 50 m from the sandy beach of Juan-Les-Pins. Juan-Les-Pins is one of the most popular towns in the surroundings. The 3-star hotel needs to be renovated/transformed so as to provide an appropriate yield to the Company in its capacity as an Issuer and to its shareholders. The 5-storey property with 36 rooms has a total surface area of 1,200 m2, which also has two outdoor parking lots. In autumn 2023, the Company obtained the permit for the renovation of the hotel and the construction of apartments, thereby the legal obstacle to the renovation and transformation was removed.

Business and Management Report 31.12.2023Business and Management Report 31.12.2023 4 Stripe Zrt. The property is located in a section consisting of industrial properties in Budaörs. Surface area of the land plot: 3.932 m 2 Superstructures: 3.904 m 2 The property is currently rented by seven tenants. The occupancy rate is 70%. The Company seeks to reach an occupancy rate of 100% A PLUS Invest Zrt. The property is located in the vicinity of Normafa, in the Eötvös and Őzike streets in district XII. The property can be used primarily as a residential building and in such a function, but it has further potential for being used as an office space. The property needs to be renovated. It will be used by means of rental in its current state before renovation. Surface area of the land plot: 2.269 m 2 Superstructures: 438,17 m 2

Business and Management Report 31.12.2023 17 Deniro Zrt. The property is located in the immediate vicinity of the property owned by 4 Stripe Zrt. in the industrial section of Budaörs. The property is currently used by means of rental. Surface area of the land plot: 6.066 m 2 Superstructures: 1.334 m 2

Business and Management Report 31.12.2023 18 Presentation of the scope of activities The Parent Company was registered by the Company Court on 07.08.2006, and it was transformed into a public limited company on 10.11.2010. Subsequently, on 15.02.2011, its ordinary shares were admitted to trading on the Budapest Stock Exchange and on 08.04.2011, they were admitted to trading on the Böerse Stuttgart as well. The long-term strategy of the Parent Company set as an objective to generate a source of income for the shareholders of the Company through acquisitions and real investments. The subsidiaries of the Parent Company on 31 December 2023 are summarised in the following table: Name of the Company Equity stake VÁR-Logisztika Zrt. (registered office: 1124 Budapest, Lejtő út 17/A.; company registration number: 01-10-046822) 100 % MOON Facility Zrt. (registered office: 1124 Budapest, Lejtő út 17/A.; company registration number: 01-10-049534) 100 % ALQ SAS (registered office: France, Antibes 06600, 18 Avenue Louis Gallet; registration number: 841 053 077 R.C.S. Antibes, tax number: FR93841053077) 100 % 4 Stripe Zrt. (registered office: 1124 Budapest, Lejtő út 17/A.; company registration number: 01-10-049777) 100 % A PLUS Invest Zrt. (registered office: 1124 Budapest, Lejtő út 17/A.; company registration number: 01-10-049740) 100 % Elitur Invest Zrt. (registered office: 1124 Budapest, Lejtő út 17/A.; company registration number: 01-10-049966) 100 % NEO Property Services Zrt. (registered office: 1095 Budapest, Máriássy utca 7; company registration number: 01-10-045154) 100 % Deniro Zrt. (registered office: 1124 Budapest, Lejtő út 17/A.; company registration number: 01-10-140820) 100 %

Business and Management Report 31.12.2023 19 The Parent Company prepared both its separate and consolidated IFRS Statements in which it included the following companies as subsidiaries in 2023: - VÁR-Logisztika Zrt. - MOON Facility Zrt. - ALQ SAS - 4 Stripe Zrt. - A PLUS Invest Zrt. - Elitur Invest Zrt. - NEO Property Sercives Zrt. - Deniro Zrt. The consolidated IFRS statement may also be consulted on the website of the Budapest Stock Exchange (www.bet.hu), via the disclosure system operated by the National Bank of Hungary (www.kozzetetelek.mnb.hu) and also on the website of AKKO Invest Plc. (www.akkoinvest.hu). Size and composition of the share capital Composition of the share capital of the Company on 31 December 2023: Share series Par value (HUF/piece) Issued pieces Total par value Ordinary shares 25 33 355 200 833 880 000 Share capital size 25 33 355 200 833 880 000 The ordinary shares of the Company constitute voting rights the extent of which depends on the par value of the shares. Accordingly, each ordinary share with a par value of HUF 25 gives an entitlement to 1 vote. In 2023, the share capital of the Company did not change. Share capital increase, decrease The decision on increasing the share capital is made by the General Meeting based on the proposal of the Governing Board. The decision of the General Meeting is not necessary when the increasing of the share capital takes place within the competence of the Governing Board based on the authorisation of the General Meeting laid down in its decision.

Business and Management Report 31.12.2023 20 Changes in the structure of the Group In 2023, the following changes occurred in the structure of Akko Invest Plc. Name of the Company Date of purchase Equity stake (%) purchased Deniro Zrt. 16 March 2023 100% On 16 March 2023, the Group announced that it purchased 100% of the business shares of Deniro Zrt., i.e. the owner of the property, which was settled by means of payment and transfer of treasury shares. Performance figures of the previous year In its report, AKKO Invest Plc. presents its processes that took place in 2023. The Group has prepared its consolidated financial statement for 2023 in accordance with the International Financial Reporting Standards (IFRS). The most relevant figures for the Company Group include the evolution of equity and profit before tax, which are the most reliable performance measurement indicators. They were as follows: Summary figures in Hungarian Forint (IFRS consolidated statement, MHUF) 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019 31/12/2018 Equity 8.442 6.903 5 910 5 600 5 970 30 Profit or loss before tax 1.640 1.326 885 53 -281 523 Evolution of the EBITDA: In the period between 1 January 2021 and 31 December 2021 it was HUF 1,853 million. In the period between 1 January 2022 and 31 December 2022 it was HUF 2,608 million. In the period between 1 January 2023 and 31 December 2023 it was HUF 3,051 million.

Business and Management Report 31.12.2023 21 Most important events of NEO Property Services Zrt. in 2023 After 2022, NEO PS Zrt- was able to achieve record revenue and earnings again in 2023: The stable market position of the company is well illustrated by the fact that despite the unstable economic context prevailing since 2020 (COVID, war, high inflation, major challenges in the job market), its growth has been unbroken, the listed events did not have a negative impact on the operation of the company. The company continues to provide high quality service to its nearly 300 clients. Despite the intense situation on the market of property service providers, NEO was able to expand its portfolio with several new clients and new projects (construction of bicycle storage facilities at rural stations of the Hungarian State Railways, technical operation of SPAR and branches of ERSTE BANK, technical and infrastructural maintenance of Yettel/CETIN towers, base stations). In addition, the fact that it was awarded the comprehensive operation of the office buildings of MOL Nyrt. (except for the MOL campus) for a period of further (optional) 3+2 years starting from 1 February 2023, can be regarded as an event of strategic importance; in addition, the cooperation with Hungary’s leading company was complemented by the countrywide management of the outlying zones owned by the Group. Besides operation, the general construction team was further reinforced; engineers, project managers and preparatory staff were hired to assist the business line director, and a mobile construction group of consisting 4-5 people was also set up. In the second quarter of 2023, this line of business successfully completed the design of the two rental properties (EMAG, GEODIS) in the Liberty office building and completed the structural construction works of the 164-flat condominium owned by LIVING, called Le Jardin stage I, started in mid-2022. The general construction jobs of the building complex called Le Jardin, stage I, progressed according to the plans. Particular emphasis has been put on the construction works in the short, medium and long term plans of the company, with regard to the design of rental properties, green field investments, extension or reconstruction of properties. This is the area where NEO sees the highest growth potential both in terms of future revenue and profit. NEO was able to expand further in the area of condominium management services; more and more old and newly built condominiums decide to entrust the management of their property to the company’s Property Management Team. Our priority clients (WING, Magyar Telekom, MOL, MÁV, Praktiker, EON/MVM, Coloplast, Opella) continue to pursue close cooperation with us, which means an ever increasing range of optional orders and a correct business relationship which is beneficial for both parties. The company puts great emphasis on the digitalisation process that was started several years earlier, thus the web-based CAFM system (NMBS) developed by the company itself was further developed in 2023 and this work will be continued also in 2024. As from 1 January 2023, the company has successfully put in place a new integrated corporate governance system (DEEP) which is able to support the further expansion of NEO PS.

Business and Management Report 31.12.2023 22 In line with the expectations from the market and the owners, in 2022, the management of NEO took the decision on which the preparation of the first ESG report is based. From among several invited tenderers, PwC Auditing Ltd. was selected in 2022, with which operative work started in January 2023. NEO issued its first ESG report in 2023, in line with the jointly adopted roadmap. In its first ESG report, NEO explored 11 topics and areas related to its operation, including occupational health and safety, ethical business and regulatory compliance, energy efficiency, climate change, waste management and digitalisation. The ESG report of NEO Property Services concluded that the greening of property services requires a systemic change in which each actor of the value chain must assume a role. Due to future acquisitions and our stable client base, further revenue growth is expected in 2024 with improving profitability.

Business and Management Report 31.12.2023 23 Disclosures made by AKKO Invest Plc. in 2023 January 31 Voting rights and share capital size February 28 Voting rights and share capital size March 16 Extraordinary information on the acquisition 17 Extraordinary information - announcement by owners 24 Invitation to the General Meeting - 25.04.2023 24 Amended Corporate Event Calendar 2023 31 Voting rights and share capital size April 3 Addendum to the agenda 4 Proposals submitted to the General Meeting 25 Resolutions of the General Meeting (Report from the Governing Board, Report from the Audit Committee) 25 Specific and Consolidated annual IFRS statement, Report and Auditor’s report of AKKO Invest Plc. for 2022 25 Corporate Governance Report for 2022 25 Statement on remunerations for 2022 30 Voting rights and share capital size May 17 Article of Association - 25/04/2023 31 Voting rights and share capital size June 12 Extraordinary information - announcement by owners 12 Extraordinary information - announcement by owners 30 Voting rights and share capital size July 31 Voting rights and share capital size August 31 Voting rights and share capital size September 8 Half-yearly report 18 Press release - NEO ESG report 30 Voting rights and share capital size October 11 Extraordinary information on the sales of properties 31 Voting rights and share capital size November 17 Extraordinary information on a transaction conducted by a person discharging managerial responsibilities 21 Extraordinary information about the resignation of a board member 30 Voting rights and share capital size December 13 Extraordinary information on closing the sale of real estate 14 Announcement by owners – SINGULIUM 14 Announcement by owners – B+N Referencia 20 Extraordinary information on property purchase 30 Corporate Event Calendar 31 Voting rights and share capital size

Business and Management Report 31.12.2023 24 On 16 March 2023, the Company provided information on the fact that the Governing Board had decided to purchase the ordinary shares representing 100% of the subscribed capital of Deniro Zártkörűen Működő Részvénytársaság (registered office: 1124 Budapest, Lejtő út 17/A.; company registration number: 01-10-140820; tax number: 27943933-2-43). Deniro Zrt. owns a property on a plot with a surface area of 1,518 m 2 with a superstructure of 1,334 m 2 , having a rental rate of 100%. The entire purchase price of the ordinary shares intended to be purchased, as well as the total purchase price according to the debt assignment contract related to the transaction was settled by the Company by paying with treasury shares. It was established that the number of AKKO ordinary shares received against the purchase price was 936,988 (in addition to fair value). The number of treasury shares held by AKKO Invest Plc. passed to 0. On 17 March 2023, the Company provided information on the fact that the equity stake of B+N Referencia Zrt. exceeded the 5% and 10% thresholds, thereby its equity stake and the number of its voting shares passed to 11,60%. On 4 April 2023, the Company published the recommended agenda of its Annual General Meeting, as well as the annexes to the recommendations and the supplemented agenda proposed by MEVINVEST Vagyonkezelő Kft. as a shareholder of the Company. On 25 April 2023, after the Annual General Meeting, the Company published the Resolutions of the General Meeting, as well as the separate and Consolidated annual IFRS statements for 2022, the Auditor’s Report, its Corporate Governance Report and its Remuneration Report. On 17 May 2023, the Company published its new Articles of Association in relation to the adoption of the Resolutions of the Annual General Meeting. On 12 June 2023, the Company announced in an extraordinary information note that “B+N Referencia Zrt. (registered office: 3644 Tardona, Katus domb 1.) had sold 4,450,000 AKKO Invest Plc. ordinary shares in an OTC transaction, by using the services of Concorde Értékpapír Zrt. The total number of AKKO Invest ordinary shares owned by B+ N Referencia Zrt. passed to 0. Its equity stake fell below the 10% and 5% thresholds, thereby its issued capital stock and the number of its voting shares passed to 0%.” That announcement was followed by a new one, in which the Company provided information on the fact that the SINGULIUM I Private Equity Fund, the SINGULIUM II Private Equity Fund and the SINGULIUM II Private Equity Fund (hereinafter collectively referred to as: Funds) managed by a SINGULIUM Befektetési Alapkezelő Zrt. (Registered office: 1133 Budapest, Árboc utca 6.) purchased 4,450,000 AKKO Invest Plc. ordinary shares in an OTC transaction, by using the services of Concorde Értékpapír Zrt. The total number of AKKO Invest ordinary shares owned by the Funds passed collectively to 4,450,000. Their joint equity stake fell below the 5% and 10% thresholds, thereby their issued capital stock and the number of their voting shares passed collectively to 13,34%.” On 8 September 2023, the report for the first semester of 2023 of the Company was published.

Business and Management Report 31.12.2023 25 On 18 September 2023, the Company announced the disclosure of the first ESG report of NEO Property Services Zrt. in a Press Release. On 11 October 2023, the Company notified its Honourable Shareholders in an extraordinary information note of the fact the Governing Board had concluded a sales contract on the sale of the properties held by VÁR-Logisztika Zrt. On 17 November 2023, the Company purchased 75,000 AKKO Invest Plc. ordinary shares in an OTC transaction for a price of HUF 220/item on the basis of a notification made by Mr. Gábor Varga, a member of the Governing Board. On 21 November 2023, the Company provided information on the resignation of Mr. Gábor Varga as a member of the Governing Board. On 13 December 2023, the Company provided information on the fact that the sale of the properties was concluded successfully on that day, according to the communication on a property sales contract published previously on 11 October 2023. On 14 December 2023, the SINGULIUM I Private Equity Fund, the SINGULIUM II Private Equity Fund and the SINGULIUM II Private Equity Fund (hereinafter collectively referred to as: Funds) managed by a SINGULIUM Befektetési Alapkezelő Zrt. (Registered office: 1133 Budapest, Árboc utca 6.) sold 4,450,000 AKKO Invest Plc. ordinary shares in an OTC transaction, by using the services of Concorde Értékpapír Zrt. The total number of AKKO Invest ordinary shares owned by the Funds passed to 0. On the same day, it was revealed in an announcement by owners that B+N Referencia Zrt. (registered office: 3644 Tardona, Katus domb 1.) had purchased 4,450,000 AKKO Invest Plc. ordinary shares in an OTC transaction, by using the services of Concorde Értékpapír Zrt. The total number of AKKO Invest ordinary shares owned by B+ N Referencia Zrt. passed to 4,750,000. Its equity stake fell below the 5% and 10% thresholds, thereby its issued capital stock and the number of its voting shares passed to 14,24%. On 20 December 2023, the Company concluded a sales agreement for the purchase of the 50% ownership interest of the property owned in 100% by Gladiátor VI Property Investment Fund, registered under lot number 4032, situated within the municipality boundaries of Budapest, physically located at 1117 Budapest, Szerémi út 4. – Kaposvári u. 3-11., designated as “office building on an uncultivated land”, with a useful floor area of 21,857 m 2 . On 30 December 2023, the Corporate Event Calendar for 2024 was published. Objectives and strategy AKKO Invest Plc. is a holding company, i.e. a company with equity stake is several undertakings, the economic objective of which is to realise long-term increase in value through efficient cooperation between the holding and the subsidiaries. Akko Invest Plc. invests its own assets, without performing external asset management. Its fundamental objective is not necessarily the sale of the subsidiaries

Business and Management Report 31.12.2023 26 owned by it, but to achieve asset accumulation and increase in value in the subsidiaries (and obviously in the parent company), and through that in the parent company. The Group’s purpose is to establish a successful holding. Its most important objective is to generate added value for the Parent Company and in parallel, to generate value for the shareholders. As the Parent Company intends to carry out investments in the real economy with a high yield- generating capability, it intends to carry out further acquisitions in the future. Resources and risks Financial and economic risk factors: The Parent Company generated profit (revenue) through its subsidiaries which provide an appropriate source of income for itself. Scale of the expenditure: The AKKO Invest Plc. is highly human resource-oriented, its success depends on the right decisions of the Governing Board. Risks are due to the same fact. The evolution of the assets of the Parent Company (and consequently the price of the shares) may show quite significant variations and there is a chance for capital loss at any time. AKKO Invest shares owned by executive officers On 31 December 2023, the following executive officers owned AKKO Invest Plc.:

Business and Management Report 31.12.2023 27 Name Function Ordinary shares, “C” series Zoltán Prutkay chairman of the Governing Board 29,000 pieces Imre Attila Horváth vice-chairman of the Governing Board 43,000 pieces Gábor Varga member of the Governing Board 138,884 pieces Gábor Székely** member of the Governing Board, chairman of the Audit Committee 1,000 pieces István Matskási member of the Governing Board, member of the Audit Committee 0 pieces Péter Márk Bosánszky member of the Governing Board, member of the Audit Committee 650 pieces * Gábor Varga resigned from his Governing Board functions on 21 November 2023. ** Gábor Székely owns additionally 14,500 AKKO Invest shares through G&T Vagyonkezelő Zrt..

Business and Management Report 31.12.2023 28 Material events after the Reporting Period Disclosures made by AKKO Invest Plc. in the period following the balance sheet date 2024 January 31 Voting rights and share capital size February 6 Extraordinary information - announcement by owners 7 Extraordinary information - announcement by owners 29 Voting rights and share capital size On 6 February 2024, the Company announced in an extraordinary information note that Chantili Invest Zrt. (Registered office: 1124 Budapest, Lejtő út 17/A.; company registration number: 01-10-140387) sold 3,336,000 AKKO Invest Plc. ordinary shares in an OTC transaction, by using the services of Erste Befektetési Zrt. The total number of AKKO Invest Plc. ordinary shares owned by Chantili Invest Zrt. passed to 0. Its equity stake fell below the 10% and 5% thresholds. On 7 February 2024 the Company announced that Mr. György Ádámosi (residence: 2 impasse des Carrières, Monaco) purchased 3,336,000 AKKO Invest Plc. ordinary shares in an OTC transaction, by using the services of Raiffeisen Bank Zrt. The number of Mr. György Ádámosi’s AKKO Invest Plc. ordinary shares passed to 3,336,000; thereby his equity stake exceeded the 5% and 10% thresholds, thus he holds 10,00% of the issued capital stock and the voting shares. Executive officers Pursuant to the Company's Articles of Association in force, single governance is ensured by the Governing Board. The General Meeting is entitled to elect the members of the Governing Board. Members of the Governing Board may be re-elected. Governing Board membership ceases to exist: (a) upon the expiry of the duration of the mandate, (b) upon recall, (c) upon the occurrence of a ground for exclusion, (d) upon resignation, (e) upon death.

Business and Management Report 31.12.2023 29 Members of the Governing Board until 21 November 2023: - Zoltán Prutkay – chairman of the Governing Board - Imre Attila Horváth (vice-chairman of the Governing Board) - Gábor Varga – member of the Governing Board - Gábor Székely – member of the Governing Board - István Matskási – member of the Governing Board - Péter Márk Bosánszky – member of the Governing Board Members of the Governing Board from 22 November 2023: - Zoltán Prutkay – chairman of the Governing Board - Imre Attila Horváth (vice-chairman of the Governing Board) - Gábor Székely – member of the Governing Board - István Matskási – member of the Governing Board - Péter Márk Bosánszky – member of the Governing Board Members of the Audit Committee: Members of the Audit Committee in place on 1 February 2023: - Gábor Székely– chairman of the Audit Committee - István Matskási – member of the Audit Committee - Péter Márk Bosánszky – member of the Audit Committee Members of the Audit Committee do not receive any specific financial compensation for their work. Employment policy Since 11 February 2019, the Parent Company has been employing an investment contact person and since 13 March 2019 it has been employing a Chief Executive Officer, its staff number increased by 1 contact person responsible for tenants as of 1 March 2020, and subsequently, on 1 December 2022, 2 further persons were engaged as project managers, thereby the number of employees increased to 5. The daily operation of the Company Group is ensured by 3 persons. In its capacity as an Issuer, the Parent Company has not issued shares to employees, it has no employee share-ownership scheme in place and it has not concluded any agreement by which employees could acquire ownership over the capital of the Issuer. The Parent Company presents the compensation and remuneration to be paid to its nominated postholders in the form of a Remuneration Report to the General Meeting.

Business and Management Report 31.12.2023 30 The Parent Company does not have employees in its subsidiaries, with the exception of NEO Property Services Zrt., and the executive officers do not receive any financial or in-kind benefit, either. Research and experimental development In the current period, research and experimental development costs were not recognised in the financial statements. Environmental protection The environmental responsibility incumbent on AKKO Invest Plc. is not significant, there is no likelihood of environmental degradation. Presentation of the premises At the date of the drafting of this report, Parent Company does not have any premises. NEO Property Services Zrt. as a subsidiary has the following premises: - HU 4026 Debrecen, Bethlen utca 1. - HU 6724 Szeged, Rókusi krt. 2-10. - HU 6750 Algyő, Technológiai Ipartelep - HU 5000 Szolnok, Ady Endre út 26. - HU 8000 Székesfehérvár, Kaposi út 9. - HU 2443 Százhalombatta, Olajmunkás utca 2. - HU 9700 Szombathely, Hefele Menyhért utca 2. - HU 7624 Pécs, Mátyás király utca 23. - HU 3525 Miskolc, Régiposta utca 9. - HU 3580 Tiszaújváros, TVK Ipartelep, "Régi Számítóközpont" - HU 9023 Győr, Verseny utca 11. - HU 8900 Zalaegerszeg, Zrínyi utca 6. The other subsidiaries do not have any premises.

Business and Management Report 31.12.2023 31 Disclaimer To the separate and consolidated annual IFRS statements of AKKO Invest Plc. for 2023 I, the undersigned, as a person authorised to sign for the Company, in my capacity as the chairman of the Governing Board of AKKO Invest Plc., hereby declare that: the consolidated financial statements were made in conformity with the International Financial Reporting Standards that were adopted by the European Union. The consolidated financial statements of 2023 were prepared in accordance with the accounting standards, to the best of our knowledge, presenting a true and fair view of the assets, liabilities, financial situation, profit and loss of the AKKO Invest Plc. and of the enterprises involved in the consolidation, and the Management Report presents a fair view of the situation, development and performance of the AKKO Invest Plc., setting out the main uncertainty factors and risks. The Report does not conceal any fact which is significant in terms of the perception of the situation of the AKKO Invest Plc. The AKKO Invest Plc. is aware of the fact that it is liable to reimburse any damage caused by failing to provide regular and extraordinary information or by providing misleading information (disclosure of regulated information) in accordance with Section 57(1) of the Capital Market Act. The report of AKKO Invest Plc. has not been audited by an independent auditor who has formulated an independent opinion, the consolidated financial statement attached to the report was drawn up in accordance with the International Financial Reporting Standards (IFRS). From 28 March 2024, the 2023 annual IFRS report of AKKO Invest Plc. can be consulted in its entirety at the registered office of the Company (1118 - Budapest, Dayka Gábor utca 5.) and on its website (www.akkoinvest.hu), on the website of the Budapest Stock Exchange (www.bet.hu) and on the mandatory disclosure portal of the National Bank of Hungary (www.kozzetetelek.hu). Budapest, 28 March 2024 __________________________________ Zoltán Prutkay chairman of the Governing Board

Consolidated Financial Statements of AKKO INVEST Public Limited Company for the financial year ending on 31 December 2023, prepared in accordance with the International Financial Reporting Standards (IFRS) adopted by the European Union

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. Consolidated comprehensive income statement for the period of 365 days that ended on 31 December 2023 COMPREHENSIVE INCOME STATEMENT Notes 01/01/2023 - 31/12/2023 01/01/2022 - 31/12/2022 Revenue (5.1) 38 228 28 332 Direct expenditures (5.2) (34 587) (25 648) Gross profit or loss 3 641 2 684 Administrative and sales expenditures (5.3) (1 187) (869) Other expenditures, net (5.4) (469) (195) Financial expenditures, net (5.5) (345) (294) Profit or loss before tax 1 640 1 326 Income tax expenditure (5.6) (483) (323) Profit after tax 1 157 1 003 Part attributable to the owners of the parent company 1 157 1 003 Part attributable to non-controlling interests - - Exchange difference 3 (4) Other comprehensive income (after income tax) 3 (4) COMPREHENSIVE INCOME STATEMENT (continued) Notes 01/01/2023 - 31/12/2023 01/01/2022 - 31/12/2022 Total comprehensive income 1 160 999 Part attributable to the owners of the parent company from the total comprehensive income 1 160 999 Part attributable to non-controlling interests from the total comprehensive income - - Earnings per shares in HUF (6.24) 34,90 30,95 Diluted earnings per share in HUF (6.24) 34,90 30,95 EBITDA 3 051 2 608 The Statement of Comprehensive Income contains the items with regard to sign! The Notes to Financial Statements form integral part of the Financial Statements. References in brackets refer to Sections 5–6 of the Financial Statements.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 34 Consolidated Balance Sheet for 31 December 2023 ASSETS Notes 31/12/2023 31/12/2022 Non-current assets 24 891 22 004 Value of customers' relationships (6.1) 11 139 11 721 Goodwill (6.2) 5 645 5 645 Right-of-use-assets (6.3) 282 325 Intangible assets (6.4) 26 28 Investment properties (6.5) 7 704 4 188 Real estates (6.6) 39 28 Plant, fixtures and equipment (6.7) 56 69 Current assets 16 658 12 606 Trade accounts receivable (6.8) 12 642 8 659 Other receivables and prepayments and accrued income (6.9) 1 984 2 128 Restricted cash (6.10) 665 485 Cash and cash equivalents (6.11) 1 367 1 334 Total assets 41 549 34 611 EQUITY AND LIABILITIES Notes 31/12/2023 31/12/2022 Equity 8 442 6 902 Subscribed capital (the nominal value of the shares is HUF 25/piece) (6.12) 834 834 Share premium (6.13) 5 480 5 480 Retained earnings 2 344 1 187 Treasury shares (6.14) - (380) Proprietary transactions (6.15) (207) (207) Accumulated exchange difference (6.16) (9) (12) Equity attributable to owners of the parent company 8 442 6 902 Long-term liabilities 16 794 17 391 Long-term bank loans (6.17) 9 967 10 585 Long-term borrowings (6.17) 337 298 Provisions (6.18) 789 331 Deferred tax liabilities and subsequently payable tax (6.19) 1 508 1 543 Long-term lease liabilities (6.3) 179 105 Deferred payment of acquisition (6.20) 4 014 4 529 Short-term liabilities 16 313 10 318 Short term loans (6.17) 768 766 Trade accounts payable (6.21) 7 830 3 020 Other short-term liabilities and accruals (6.22) 7 455 6 252 Income tax liabilities (6.23) 141 49 Short term lease liabilities (6.3) 119 231 Equity and liabilities 41 549 34 611 The Notes to Financial Statements form integral part of the Financial Statements. References in brackets refer to Sections 5–6 of the Financial Statements.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 35 Consolidated Cash Flow Statement for 365 days ending on 31 December 2023 Designation Notes 31/12/2023 31/12/2022 Profit/loss before tax + Profit/loss from discontinued operations 1 640 1 326 Net interest expenditure (5.5) 375 347 Non-cash items Depreciation (6.3-6.7) 1 066 988 Profit/loss impact of exchange loss (5.5) 20 (44) Expected credit loss impact (5.5) (23) - Interest income (5.5) (41) (11) Change of provisions (6.18) 458 40 Result from sale of tangible assets 74 - Total non-cash items 1 554 973 Changes in working capital Change in trade accounts receivable (6.8) (3 960) (1 048) Change in current assets and accruals (6.9) 146 (786) Change in trade accounts payable (6.21) 4 810 (455) Change in current liabilities and accruals (6.22) 1 184 2 177 Change in restricted cash (6.10) (180) - Total changes in working capital 2 000 (112) Interest paid (334) (329) Income tax paid (402) (364) Net cash flow from operating activities 4 833 1 840 Amounts paid for the acquisition of equity interests less liquid assets received (22) - Acquisition of tangible assets (6.3-6.7) (3 416) (65) Sales revenue of tangible assets 221 - Interest received 41 11 Deferred payment of acquisition (6.20) (515) (301) Net cash flow from investment activities (3 691) (355) Continued on next page.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 36 Continued from previous page Loan refund (6.17) (797) (741) Lease payments (6.3) (312) (247) Net cash flow from financing activities (1 109) (988) Change in liquid assets 33 497 Currency translation on cash and cash equivalents (5.5) - (2) Change in cash and cash equivalents 33 495 Cash and cash equivalents at the beginning of the year (6.11) 1 334 839 Cash and cash equivalents at the end of the year (6.11) 1 367 1 334 The cash flow statement contains the items with regard to sign. The Notes to Financial Statements form integral part of the Financial Statements.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. II. Key elements of the accounting policy; basis of preparation of consolidated financial statements 1. Basis of the preparation of financial statements and the entity’s ability to continue as a going concern

Declaration on conformity with the IFRSs The management declares that the consolidated financial statements forming part of the annual report have been made in conformity with the International Financial Reporting Standards that were adopted by the European Union. The management made this declaration in the knowledge of its liability.

Contents of the financial statements These financial statements present the assets, the performance and the financial position of AKKO Invest Plc., as parent company and its subsidiaries involved in the consolidation (together: Group). The Group’s financial statements are prepared, approved and announced by the Parent Company’s management. The Group publishes the Consolidated Financial Statements both on the website of the Budapest Stock Exchange (www.bse.hu) and on its own website (www.akkoinvest.hu). Basis of preparing the financial statements; applied set of rules and the underlying presumptions; evaluation philosophy The financial statements have been prepared based on the International Financial Reporting Standards (IFRS) created by the International Accounting Standard Board (IASB). The IFRS include the IFRS, the IAS, the IFRIC and SIC interpretations developed by the IFRS Interpretation Committee. The Group applied the IFRSs in the form as those were adopted by the European Union. The management of the Parent Company established that the going concern assumption is appropriate, i.e. there is no sign implying that the Plc. will terminate or significantly curtail its operations within the foreseeable future, i.e. beyond one year. The Group generally evaluates its assets at historical cost, except for the situations where the given element must be evaluated at fair value, on the basis of the IFRSs. In the financial statements, the financial instruments held for trading had to be measured at fair value.

2. Accounting policies related to consolidation The basis of the consolidation The consolidated financial statements cover the financial statements (assets) of the Group and the entities (Group’s subsidiaries) controlled by the Group. From the business year starting on 1 January 2014, the term of control is defined in the IFRS 10 standard. Accordingly, the investor has control over the investee if it is entitled to the changing, positive returns (earnings) produced by the investee and bears the consequences of negative returns and is able to control operations through its decisions (power) and thus to influence these returns. Thus, the management ability and the control derive from rights.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 39 Control can be mainly gained through an ownership share, an agreement with other owners or a special market position (e.g. monopoly). Regarding the enterprises covered by this financial statement, the parent company gained control through ownership share, without any exceptions. The revenues and the expenditures of subsidiaries purchased and sold through the year are included in the Consolidated Statement of Comprehensive Income, from the actual date of acquisition until the actual date of sale. The total, comprehensive result of the subsidiaries is due to the owners of the Group and the non- controlling shares. The amount of the comprehensive result must also be assigned to the non- controlling unit if it is negative. If needed, the subsidiaries’ financial statements are modified so that their accounting policies conform with the accounting policies applied by other Group members. At the date of consolidation, the transactions, balances, revenues and expenditures are fully filtered out even if the produced result appears in form of an asset value.

Non-controlling interest The parent company recognises the net assets (assets and liabilities) of subsidiaries in the consolidated financial statements in full. However, of the consolidated equity, the Group only recognises the part after the acquisition that is allocable to the group as equity attributable to the parent company. The value of the subsidiaries’ net assets allocated to the non-controlling interest (including also the impacts of the fair value adjustments existing at the acquisition, arising after the acquisition and the acquisition-date fair value adjustments) is stated by the Group separately in single row entitled non- controlling interest. The non-controlling interest is the part of equity that is attributable to non-parent owners. The Group recognises non-controlling interest as a proportion of net assets (at carrying amount) on the individual reporting dates, and does not measure it at fair value at the end of the individual financial years. When the equity interest acquired earlier in a subsidiary changes, but it still qualifies as a subsidiary even after the transaction, the Group treats the difference between the acquired net assets and the consideration paid as an increase or decrease in equity.

Rules for consolidation

Accounting treatment of business combinations Business combination is the situation where the Group gains control over a new company, and the purpose of the acquisition was to acquire the business activity of the purchased entity and not only to acquire the assets of the purchased business entity. The control shall be regarded as acquired from the day when any situation required for qualification as a subsidiary was fulfilled. The value of the goodwill/negative goodwill must be determined for the date of the business combination. This is the difference between the fair value transferred for the equity interest (consideration) and the fair value of the acquired net assets (proportionately). When determining the consideration the value of the previous equity interest must be taken into account. The consideration shall include: – the cash paid or due;

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 41 The measurement period is over when the purchaser receives the information that it searched about the facts and circumstances prevailing at the date of acquisition, or it learns that no further information can be obtained. The measurement period shall not exceed one year calculated from the date of acquisition.

3. Essential elements of the accounting policy

Presentation of the financial statements The Group publishes consolidated financial statements jointly for the enterprises controlled by it and for the parent company (hereinafter: financial statements). The financial statements of the Group comprise the following parts:  consolidated balance sheet;  consolidated statement of comprehensive income ;  consolidated statement of changes in equity;  consolidated cash flow statement;  notes to the consolidated financial statements. Essential decisions related to the presentation The Group decided to include the comprehensive income statement in a separate statement in such a way that it presents the items connected to other comprehensive income in the same statement after the net profit (loss) for the period. The Group prepared its consolidated financial statements under IFRS for the last time for the 2022 financial year, with comparative data from 2021. The Group publishes consolidated financial statements in Hungarian forint. This is the presentation currency. The consolidated financial statements cover one calendar year. The balance sheet date of the consolidated financial statements is the last day of the calendar year, i.e. 31 December, in each year. In accordance with the stock exchange requirements, the Group prepares interim statements semi- annually. The interim financial statements shall be governed by the rules of IAS 34, which do not include all disclosures prescribed by IAS 1 and contain the figures in condensed form. The consolidated financial statements contain comparative figures, except when a period must be restated or the accounting policy had to be changed. In this case the Group also presents the opening balance sheet values of the comparative period. When for the purposes of presentation it is necessary to reclassify an item (e.g. due to a new row in the financial statements) the Group adjusts the previous year’s figures so as to ensure comparability. The Group also needs to publish information related to the operating segments in the notes to financial statements. The operating segments are determined in accordance with the strategic requirements of the Board members. The Group’s activity can be broken down to the following categories (segments):  utilisation of industrial properties  utilisation of residential properties

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 42  Facility Management line of business  ITS line of business  Fit-Out line of business The characteristics of the operating segments are presented in section 7 of Chapter VII. of the consolidated financial statements.

Foreign Currency Foreign currency is a currency that differs from the functional currency of the entity. The Group presents its consolidated financial statements in Hungarian forint. Within the Group, each entity determines its functional currency. Functional currency is the currency that best characterises the operation of the respective company. An entity may incur exchange rate difference only on foreign currency. One of the Group’s subsidiary is ALQ SAS, a company registered in France with euro being its functional currency. For the purposes of consolidation, the Group converts the profit or loss and financial position into the functional currency of the parent company. These financial statements contain both monetary and non-monetary items. Monetary items are elements whose settlement or receipt entails cash movement and cash itself also qualifies as monetary item. The asset and liability items not entailing cash movement (e.g. advances for services and inventories) do not qualify as monetary items. Monetary items in foreign currency must be revalued on the reporting date to the spot exchange rate of the reporting date. For the conversion each entity uses the exchange rate published by the Magyar Nemzeti Bank on the reporting day.

Accounting policies related to the income statement

Sales revenues The Group recognises its sales revenues in accordance with the rules of the IFRS 15 (effective from 2018) – Recognition of revenue from contracts with customers – Standard. The IFRS 15 Standard created a uniform model to be applied to revenues from contracts. The Standard contains to revenue recognition rules, among others, for revenues falling within the IFRS 9 Financial Instruments Standard and for revenues falling within the IFRS 16 Leases Standard. The five-step model helps define when revenues must be recognised and in what amount: 1. Based on the Standard, a contract is created when the following conditions are satisfied:  The parties have accepted the contract and are committed to fulfilling it;  The rights of the parties can be clearly determined based on it;  The contract offers economic benefits;  It is probable that the seller will receive the consideration for the goods delivered/services performed, even if it applies legal instruments to collect it.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 43  In the case of contract amendment it must be examined how its content has changed, since there may be cases when the amendment is to be interpreted as an independent, separate contract. 2. Identification of performance obligations: When concluding the contract, the Group shall assess the goods or services promised in a contract with a customer and shall identify as a performance obligation each promise to transfer to the customer either a) distinct goods or services (or a package of goods or services); or b) a series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer. 3. Determining the transaction price: The transaction price is the amount of consideration to which the Group expects to be entitled in exchange for transferring the promised goods or services to a customer, excluding amounts collected on behalf of third parties (for example, certain sales taxes). The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. 4. Allocation of the transaction price to individual obligations: The seller must distribute the transaction price among the individual obligations. When no separate prices can be allocated to the individual obligations, an estimation shall be applied for the distribution, in accordance with the method accepted by the Standard. 5. Revenue recognition: The revenue may be recognised when the control over the purchased goods or services devolves from the seller on the buyer. This may take place during a definite period or at a specified time. The control devolves on the buyer when as a result of that the buyer is able to control the use of the assets and is entitled to collect the benefits deriving from the assets. The Group measures and assesses its customer contracts individually. It applies the five-step model to contract with customers. In the present contracts the settlement date does not differ from the invoicing period. Sales revenue is recognised when it is effectively invoiced, adjusted to the periods in the case of rents, while in the case of property sale upon the fulfilment of the PO, which – as a main rule – is connected to the transfer of ownership right. In case of property management, the charges may generally be addressed by simple time apportioning, even if they are linked to a particular period. In case of long-term construction projects, the Group determines the revenue by using apportioning, i.e. readiness is determined by the input method, in proportion of the recognised costs and the total planned costs.

Operating expenditures As a result of the Group’s current activity, it breaks down the expenditures as follows:  direct expenditures: the expenditures directly related to the sales revenue, with the proviso that if an item is to be recognised on a net basis (e.g. profit realised on property sales), it will not be charged to expenditures but rather it will reduce revenues.  administrative expenditures: these include the items that are meant to support the Group’s operation, but may not be directly related to the sales revenue (e.g. accounting fees, insurance, etc.).  sales expenditures: expenditure connected to publication, advertising and PR activities.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 44

Other revenues and expenditures The Group states the consideration for sales not classifiable as sales revenue and all other revenues that cannot be regarded as financial income or items increasing other comprehensive income among other revenues. Other expenditures are expenditures that are indirectly related to the operation and do not qualify as financial expenditure or do not reduce other comprehensive income. The Group states other revenues and other expenditures on a net basis on the main page of the income statement, but it details the components of it in the notes to financial statements.

Financial revenues and expenditures The Group presents primarily the interest expenditures (as one of the burdens of its own funding) in the financial profit or loss position. According to the rules of the impairment model, introduced by the IFRS 9 Financial Instruments Standard, the Group recognises impairments also here. The Group states the exchange rate difference of foreign currency items (unless it is part of the other comprehensive income based on the IAS 21 Effects of Changes in Foreign Exchange Rates) in the financial profit or loss. The Group states financial profit or loss in the income statement on a net basis.

Income tax expenditure The income tax expenditure is the sum of the actual and deferred income tax and the local business tax.

Other comprehensive income Other comprehensive income comprises the items (including amendments due to reclassification) that are not stated in the income statement as part of the profit or loss of the reference period, but belong to the Group’s returns or expenditures in the broad sense.

Earnings per share Basic earnings per share is calculated by dividing the profit or loss attributable to ordinary shareholders of the Group by the weighted average number of ordinary shares outstanding during the period. The Group calculates diluted earnings per share by taking into consideration, in addition to the ordinary shares, the weighted average number of the dilutive share options.

Use and concept of EBITDA Although the IFRS do not use the concept of EBITDA, the Group has decided to use this commonly used index, having regard to the widespread practice in the industry, and to the fact that the Group is convinced that the statement of this value provides useful information to the users of the financial statements. For the sake of interpretability, the calculation method is set out below:

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 45 +/- Profit or loss before tax X/(X) -/+ Elimination of financial revenues and expenditures (X)/X -/+ Elimination of depreciation and impairment (X)/X EBITDA X/(X) The Group amends the profit or loss before tax with the following items:  Financial profit or loss: the Group adjusts the profit or loss before tax with all the items in the financial profit or loss (effective interest, foreign exchange difference, etc.), i.e. it totally neutralises the impact of the financial profit or loss when calculating this index.  Depreciation and impairment: when calculating the index, the depreciation and impairment of the assets subject to IAS 16, IAS 38 and IFRS, and of the assets stated as assets at the Group, the assets allocated in operating lease or concession are filtered. (they are “given back”). The unsystematic reduction (typically: the impairment loss) of such assets are also adjusted back by the Group, similarly to the depreciation and impairment. [The impairment of other assets, e.g. financial instruments is not adjusted during the calculation of the index.] Accounting policies related to the balance sheet; presentation and measurement of assets and liabilities

Investment properties Investment properties include those properties that the Group has typically purchased for the purpose of realising profit on the lease or appreciation of the property, without utilising it or bearing the business risk of it. These properties (typically office buildings, warehouses and factory buildings) are not used for own purposes in the longer run and the Company does not plan to sell them in the near future. The Group treats investment properties according to the cost model, i.e. these properties are recognised at cost after deducting any accumulated depreciation and impairment losses. The cost of the property comprises the following items:  purchase cost (the costs of acquiring the property, including also tax payments if they can be linked to the property);  property reconstruction costs, which includes the items incurred due to the reconstruction for the anticipated sale;  other costs directly related to the property, if the direct relationship can be proven. The Company classifies investment properties as industrial property or residential property. The Group recognises depreciation on the investment properties measured using the cost model, assuming a useful life of 20 years.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 46

The reclassification of investment properties – since the Group uses the cost model – must be executed by reclassification between the balance sheet lines.

Plant, fixtures and equipment The Group states plant, fixtures and equipment at cost reduced by accumulated depreciation and impairment losses. Cost includes the purchase prices less discounts, including customs duties and other non-reclaimable taxes, and all costs necessary for the operation of the asset at the specific place in the specific manner. The estimated costs of dismounting and removal of the asset and of the remediation of the location also form part of the costs, if provisions must be recognised for the liabilities in accordance with the requirements of IAS 37 (Provisions, Contingent Liabilities and Contingent Assets). If the asset is of significant value, it must be examined whether it can be decomposed into components. The components must be assessed separately for the purposes of depreciation. At present the Company has no such assets that should be broken down into components. The costs incurred in connection with assets in use are stated as assets, if they fulfil the condition of capitalisation or additional capitalisation as assets. Maintenance and repair cost are recognised as cost when incurred. The Group also states the costs of major inspections as assets, as a separate component. The depreciation of assets is recognised in accordance with the straight-line method. The Company depreciates the acquisition value of the assets from the date when it is taken into use, during the useful life of the assets. Typical useful life of assets: Plant and equipment 3-7 years Office equipment, fittings 5 years Properties 20-50 years When the assets are scrapped, the cost and the accumulated depreciation are derecognised. When the asset is sold, the cost and the accumulated depreciation are derecognised, while any profit or loss is stated in the net profit or loss (among other items). In the case of assets in respect of which depreciation is recognised, in all cases when any event or change in circumstances imply that their carrying amount would not recover, we examine if any impairment has occurred. The impairment loss is the difference between the asset’s carrying amount and its recoverable amount. Recoverable amount is the higher of an asset's fair value less costs to sell and its value in use.

Intangible assets The Group states intangible assets at cost reduced by accumulated depreciation and impairment losses. During the expected life depreciation was recognised according to the straight-line method.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 47

Leases Identification of lease A contract qualifies as a lease contract or contains lease if this contract transfers the right to use the underlying asset – for a specific period – against fee payment. Then the lessee may collect the profit arising from the asset usage and may make decisions on the usage. It does not qualify as a lease, when the company concludes a rental agreement for an asset, but the underlying asset is controlled not in the interest of the company (e.g. company car transferred for personal use). To identify the leasing, the Group applies the process chart under paragraph B31 of annex B of the IFRS 16 Standard: Chart 1. Classification of lease contract IFRS 16.B31

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 48

Recognition at the lessee On the commencement day the lessee must recognise a right-of-use asset and lease liability. Recognition exceptions If the Group qualifies as a lessee under IFRS 16 with regard to a contract, the rules of the Standard will not be applied for lease related to short-term assets (less than 12 months) and to low-value underlying assets, but the lease payments are recognised to the debit of the profit, in a divided manner. Measurement of the right-of-use asset The Group recognises its assets used under lease as right-of-use assets in the balance sheet. The right- of-use assets are measured under the cost model, primarily setting out from the contractual term upon accounting for depreciation. The Group tests the right-of-use assets for impairment under the IAS 36 rules. The business organisation recognises the right-of-use assets together with the asset group where the underlying asset belongs to. The right-of-use assets are separated in the notes to financial statements. The lessor must classify the leases either as operating lease or financial lease. A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership of an underlying asset. Recognition at the lessor At the commencement date the lessor must derecognise in the balance sheet the assets held within the framework of financial lease and must present the leasing fee receivables at the present value of the cash flows from the lease (net investment in lease). The Group recognises the present value of cash flows from financial lease as a lease investment. Upon calculating the present value, the Group uses the incremental interest rate related to lease. The Group determines the ECL for the lease receivables based on the simplified approach. The lessor must recognise in the income statement the lease payments from operating lease either through the straight-line method or through another systematic method in a manner that the leased asset is further on recognised and depreciated in the balance sheet. The Group regards any scheme as financial lease (as a lessor) if  the underlying asset is transferred to the lessee at the end of the lease term;  the lessee has the right to acquire the ownership of the underlying asset at the end of the term and exercise of this right is probable;  the lease term (together with the proved extension periods) exceeds three-quarters of the residual economic life of the underlying asset;  the overall present value of the lease payments reaches 90% of the fair value of the underlying asset;  the underlying asset pertaining to the leasing is special. If the lease term is indefinite, the term must be defined based on the estimated enforceable period.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 49

Assets held for sale and discontinuing operations Non-current assets, the carrying amount of which will be recovered through a forthcoming sales transaction rather than through continuing use, shall be classified as held for sale. Disposal groups, comprising assets and closely related liabilities to be disposed of later on in a single transaction (e.g. a subsidiary to be sold), are also held for sale. This classification can be used when it is highly probable that the sale takes place within one year from the classification, and the assets or disposal group are ready for sale also in their current form, activities are in progress to foster sales (e.g. marketing activity) and the asset or disposal group is offered at a reasonable price. The Group presents its assets held for sale separately in the balance sheet. Discontinued operations: The Group presents its activities and subsidiaries that can be separated from the remaining part of the Group as discontinued operations. In 2023, the Group had no discontinued operations. Borrowing costs Borrowing costs – if it can be rendered probable that they will result in future economic benefits – are included in the cost of the acquisition, construction or production of assets, the making of which suitable for use or sale necessarily takes a substantial period of time. These assets are referred to as qualifying assets. The Group commences the capitalisation of borrowing costs for the respective asset, when  expenditures have been incurred for the asset  the implementation of the investment can be rendered probable, the Company has an irrevocable commitment for the implementation When the asset is ready for use, the capitalisation of borrowing costs must be stopped. Inventories Inventories are stated at the lower of cost and net realisable value. Net realisable value is the estimated selling price of the inventories less the estimated costs of completion and the estimated costs necessary to make the sale. Financial assets and liabilities In accordance with IFRS 9, the Group applies the following rules: Classification Financial assets and liabilities held for sale to realise profit and the derivative instruments belong to financial instruments measured at fair value through profit or loss (FVTPL). The debt instruments that satisfy the SPPI test (i.e. the cash flow deriving from them are solely payments of principal and interest) and held to collect contractual cash flows (business model test) belong to the amortised cost (AC) category. This category includes trade and other receivables and cash holdings.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 50

The debt instruments that satisfy the SPPI test, but are held for the contractual cash flows and for the sale of the instruments belong to the FVTOCI (fair value through other comprehensive income) category. In this case the instrument is stated in the books at fair value, while the fair value difference is recognised in other comprehensive income, accumulated in the appropriated equity reserve. The interest, expected loss and sales profit or loss belonging to the debt instruments is recognised in net profit or loss. Upon the derecognition of the instrument, the accumulated revaluation must be transferred to net profit or loss. The Group classifies its equity instruments, unless they are held for sale, as FVTOCI, i.e. it measures the instrument at fair value on each balance sheet date (with the proviso that in certain cases the cost may be also regarded as fair value), while the difference is recognised in other comprehensive income. When the instrument is derecognised, the accumulated revaluation reserve cannot be transferred to net profit or loss, but the accumulated equity part is transferred to retained earnings. Other liabilities include financial liabilities that have not been classified as instruments measured at fair value through profit or loss. The items belonging to the category of other liabilities are detailed in point 22 of Section 6 of the financial statements Recognition Financial assets and liabilities are recognised in the Group’s books on the settlement date, with the exception of derivative instruments, which are recognised on the trade date. Financial assets or financial liabilities are initially measured at fair value, adding to them (in the case of items that later are not measured at fair value through profit or loss) the transaction costs directly related to the acquisition or issuance of those. Derecognition Financial instrument are derecognised when the rights to the cash flows from the financial instruments expire, or the Group transfers, to a substantial degree, all risks and benefits related to the holding of the financial instrument (without retaining any major right). Measurement Following the initial recognition, all financial assets or financial liabilities measured at fair value through profit or loss and all assets measured at fair value through other comprehensive income will be measured at fair value. If no quoted market price in an active market is available and the fair value cannot be determined reliably, the Group uses valuation techniques to establish the fair value. Financial instruments classified as AC, and all financial liabilities not belonging to the fair value through profit or loss category will be stated at amortised cost. Fees and discounts, including the initial transaction costs, are included in the carrying amount of the related instrument and amortised at the instrument’s effective interest rate.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 51

Debt instruments – with the exception of items measured at fair value through profit or loss – are recognised in the books at a value reduced by expected impairment loss. Expected impairment loss, allocable to the reporting year, shall be recognised through profit or loss. The profit or loss on financial instruments or financial liabilities recognised at fair value through profit or loss shall be recognised in the comprehensive income statement (as part of current year’s profit or loss, on a net basis) as profit or loss realised on securities. The yield from the effective interest income of FVTOCI instruments shall be stated in current year’s profit or loss in a separate line, in a position different from the expected loss of the instrument (which is recognised in another category of net profit or loss). The valuation gains or losses of such financial instruments shall be recognised in other comprehensive income. The profit or loss realised on the alienation of FVTOCI financial debt instruments shall be recognised in current year’s profit or loss, and the formerly accumulated other comprehensive income shall be transferred to net profit and loss. The profit or loss in respect of financial instruments or other financial liabilities stated as debt instruments shall be recognised using amortisation (profit/loss after tax) in the comprehensive income statement when the financial instrument or liability is derecognised or an impairment loss is recognised in respect of them. Measurement at fair value The fair value of financial instruments is the market price quoted at the end of the reporting period, net of transaction costs. If no quoted market price is available, the fair value of the instrument is determined by valuation models or discounted cash flow techniques. When applying discounted cash flow techniques, the estimated future cash flow is based on the Group’s economic estimates, while the discount rate is a market rate that applies to a similar instrument on the balance sheet date under similar terms and conditions. When applying valuation models, the figures are based on market valuations performed at the end of the reporting period. Level 1: The figures used for the valuation are based on publicly available quoted prices (no further information is necessary for the valuation). Level 2: The figures used for the valuation of assets with no quoted price can be observed indirectly or directly. Level 3: The estimation of the fair value of derivatives not traded on the stock exchange is based on the amount that the Group would receive based on the usual business terms and conditions upon the expiry of the contract at the end of the reporting period, considering the prevailing market conditions and the parties’ current creditworthiness. Measurement of amortised cost The amortised cost of a financial asset or financial liability is the value of the financial asset or financial liability at the initial recognition less principal repayments, increased or decreased by the accumulated amortisation of the difference between the initial value and the value at maturity calculated by the effective interest rate method, and reduced by the write-off due to the impairment or irrecoverability of the financial instrument. The effective interest rate is the rate that precisely discounts the estimated future cash payments or income during the expected life of the financial instrument or – as the case may be – for a shorter

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 52

period to the net carrying amount of the financial instrument or financial liability. When calculating the effective interest rate, the Group estimates the cash flow considering all contractual conditions of the financial instrument, but ignoring future credit losses. Impairment of financial assets (expected impairment) Provisions must be recognised for the expected impairment of the debt instruments belonging to the AC and FVTOCI category. The expected impairment can be described as the cash flow not realisable during the life of the instrument. The expected impairment loss can be derived from the following factors: • exposure at default (EAD); • loss given default (LGD); • probability of default (PD) for the relevant period. When presenting financial instruments, the expected loss must be calculated for 12 months using 12- month PD, which means the probability of the counterparty’s becoming insolvent within 12 months (Stage 1). The ECL so determined must be recognised without directly reducing the assets as a counter- asset item (provision). The gross value of the asset (calculated net of ECL) does not change. If the credit quality of the asset deteriorates it must be reclassified to Stage 2, for which provisions must be recognised for lifetime impairment through net profit or loss without directly reducing the value of the asset. If the asset becomes impaired, it must be reclassified to Stage 3, where the lifetime loss reduces directly the value of the asset. If the credit quality of the asset improves, the asset must be reclassified from Stage 3 to Stage 2, or from Stage 2 to Stage 1. The Group regards an asset as non-performing if the contractual cash flows have been past due for at least 90 days. However, using market information, based on special considerations, an asset may be declared as non-performing earlier as well. The Group presumes deterioration in credit quality if the contractual cash flow is past due over 30 days. The following signs may imply deterioration in credit quality or impairment: • market figures • change in the economic environment • external rating figures • comparative figures • risk managers’ findings • providing the debtor with respite • willingness to pay

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 53

In the case of certain smaller receivable balances the ECL is determined on a collective basis. For trade accounts receivable the simplified ECL model must be used, which means that lifetime impairment must be recognised immediately and it is not necessary to monitor credit quality continuously. In the case of the simplified approach, the Group usually uses the following ECL ratios: Past due ECL % Less than 90 days 1% 91– 365 days 50% over 365 days 100% or on a case-by-case basis NEO Property Zrt. has many customers from whom the Company requests collaterals in certain circumstances. When determining the ECL, the Company takes this collateral system into consideration in its specific assessment. If the volume of expected credit loss decreases, the decrease must be recognised through profit or loss, by reducing the corresponding expenditure.

Trade accounts receivable Trade accounts receivable include the unpaid consideration payable by customers for the goods sold or services rendered in the usual course of business plus value added tax. These amounts are expected to be received within one year (or within the usual operating cycle, if it is longer), and thus they are classified as current assets. Trade accounts receivable are stated at invoiced value, which initially essentially correspond to their fair value. The Group uses the simplified approach to determine expected credit loss. Other receivables and prepayments and accrued income These receivables include payment claims not belonging to other receivables. They are measured in the same way as trade accounts receivable. Prepayments and accrued income are also stated in this balance sheet position. Receivables from brokers may be a material item within the balance sheet position. Impairment of receivables Impairment for receivables is recognised when it becomes probable that the Group will not be able to collect all of its outstanding receivables (the customer has financial difficulties, bankruptcy or liquidation proceeding has started against it). The necessary impairment loss is recognised on a case- by-case basis for major financial assets and in aggregate for immaterial financial assets. When there is objective evidence that impairment loss has been incurred on loans and receivables recognised at amortised cost, the loss amount shall be determined as the difference between the carrying amount of the asset and the present value of estimated future cash flows (not taking into consideration future credit loss not yet incurred) discounted by the original effective interest rate (i.e. effective interest rate calculated upon initial recognition). When there is no objective evidence of the

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 54

impairment of a financial asset, the need for impairment loss is assessed aggregately for a group with similar credit risk attributes. In the case of group impairment assessment the calculation is performed based on the ageing. When the asset is uncollectible, the Group derecognises the receivables against the income statement and the directly related impairment loss against the expenditures. The Group does not discount its receivables due within one year (here the time value of money is assumed to be immaterial).

Blocked cash and cash equivalents The Group recognises separately the blocked cash and cash equivalents, which constitute loan collaterals, and does not list them among cash and cash equivalents but assesses them in the same manner as cash.

Cash and cash equivalents Cash includes cash on hand, bank deposits and other liquid deposits and securities the original maturity of which is not longer than three months and risk of changes in value is negligible (not including overdrafts, but in the cash flow statement the overdraft must be stated under cash equivalents). Should any impairment occur at a cash item, it must be recognised through net profit and loss. ECL must be recognised for these assets as well.

Subscribed capital The subscribed capital contains the sum of the nominal values of the shares issued by the Parent Company.

Share premium Share premium includes the funds exceeding the nominal value of the issued shares. The transaction costs related to equity issuance reduce the share premium. The Group states the profit realised on the sales of treasury shares as share premium.

Retained earnings Retained earnings contain the dividends accumulated but unpaid.

Dividends In the financial statements, the Group states the dividends payable as liabilities, simultaneously reducing retained earnings, in the period when the owners approved the dividends.

Treasury shares If the Group buys the Parent Company’s shares, the consideration paid and the incremental costs are stated as treasury shares as items reducing equity, in a separate line with negative sign, until such time as the shares are withdrawn or resold. When the Group sells these shares later on, it increases the equity, since the profit or loss realised on the sales directly impacts equity (increases the share premium when it is a profit, or reduces the retained earnings when it is a loss). Transactions related to treasury shares must be posted on the transaction date.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 55

Trade accounts payable, other liabilities, accruals and deferred income Trade accounts payable and other liabilities, accruals and deferred income are recognised at fair value, which is usually the same as the nominal value. In subsequent periods they are stated at amortised cost determined using the effective interest rate method.

Income tax liability and asset, deferred tax liabilities and assets The Group performs the assessment of whether the given tax type qualifies as income tax for all types of statutory taxes based on the requirements of IAS 12 (Income taxes). The income tax presented in the comprehensive income statement represents the current and deferred tax for the respective period. Deferred tax is stated in the current year’s profit or loss, except when it is connected to items stated in other comprehensive income. Then the deferred tax is also stated there. The Group recognises deferred tax for the temporary differences between the statutory value of the assets and liabilities under the laws governing the tax qualifying as income tax and their carrying amount, based on the balance sheet method. The stated value of the deferred tax is based on the expected method of realising or settling the carrying amount of the assets and liabilities, subject to applying the tax rate effective or essentially effective at the end of the reporting period. The tax for the period in question is the tax payable on the taxable income of the given year, subject to applying the tax rates effective at the end of the reporting period and applying previous year’s adjustment. Deferred tax receivables may be stated only up to the amount of the taxable profit likely to be available in the future. Other taxes, not qualifying as income tax, are stated separately from the income taxes in the comprehensive income statement.

General accounting policies related to cash flow The Group builds its cash flow statement on the indirect method up to the operating cash flow. The investment and financing cash flows are prepared using the direct method. The Group presents interest paid in the operating cash flow, and dividends paid in the financing cash flow.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 56

4. Significant estimates used in preparing the financial statements and other sources of uncertainties With respect to the application of the Group’s accounting policies, the management has to make decisions, estimates and assumptions as to the carrying amount of the assets and liabilities that cannot be clearly determined from other sources. The estimates and related assumptions are based on past experiences and other factors that are considered relevant. The actual results may be different than these estimates. The estimates and the assumptions on which they are based must be reviewed continuously. The modifications of accounting estimates must be recognised in the period when the modification was made if the modification only affects this period, or in the period when the modification was made and the periods after that if the modification affects the period under review as well as the future. 1. The recoverable amount of the customer relations list established through the acquisition of NEO Property Zrt., as well as the recoverable amount of the goodwill generated through the acquisition are considered to be significant estimates for the Group. Considering the volume of the relevant balances, these estimates are significant. Addressing the impact of the change in the estimate may affect the net profit or loss. 2. The balances of the accruals of the Group are significant. Those balances include the estimates, the calculations, which are not complex, but considering their volume, may have a significant impact on the net profit or loss of the Group. 3. The fair value of investment properties is a significant estimate for the Group. Although the Group does not record the fair value in its books, that particular item is included in the disclosures. The management of the Group has to review the accounting estimates of the following areas at least annually:  the return on intangible assets, with particular attention to the goodwill and the customer relations list;  balances of the accruals;  estimates related to the useful life and residual value of the tangible assets;  fair value estimates;  estimates related to the valuation of receivables. The revision of the accounting estimates may be necessitated by:  legislative changes,  changes in the economic environment,  changes in the operation and processes of the Company

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 57 5. Supplementary notes to the Comprehensive Income Statement

5.1. Revenue Designation 31/12/2023 31/12/2022 Real estate operation 37 880 28 232 Revenue from property lease 123 99 Revenue from property sales 220 - Other revenues 5 1 Total 38 228 28 332 In 2023, the core activity of the Group was property operation. The rental activity of the new subsidiary Deniro Zrt. also contributed to the increase in revenue from property lease. Revenue recognition from 2023 onwards includes significant amounts from project work conducted by NEO Properties, which had to be recognized as revenue over the period in which the work was performed. These projects are undertaken based on orders and specifications from other clients. The Group determined the completion percentage based on technical readiness. The revenue recognized in this manner amounted to HUF 6,237 million in 2023, compared to HUF 1,399 million in 2022. The other items include the revenue from further invoicing.

5.2. Direct operating expenditures Direct expenditures are expenditures that can be allocated beyond doubt to the revenue generating item when they are incurred. The content of direct expenditures is as follows: Designation 31/12/2023 31/12/2022 Material costs (762) (180) Rental fees (70) (125) Health services (8) (9) Other material costs - - Carrying amount of property sold (295) - Other services (14) (5) Electricity, water, drainage (1 683) (1 574) Depreciation (1 002) (731) Asset management - (7) Heating, air conditioning (151) (273) Packages (15) - Official fees (7) (5) Waste removal (59) (3) IT services (73) (57)

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 58

Maintenance fees (6 588) (2 798) Communication expenses (2) (1) Moving service (92) (7) Lifts, Building engineering (36) (40) Labor hiring (8) (4) Plant care (1 231) (191) Education expenses (13) (14) Parking charges, highway use (20) (17) Advertisement (4) (4) Professional fees (3) - Delivery charges (39) (179) Personel expenses (4 465) (3 844) Membership fees (1) - Cleaning services (1 605) (2 205) Safety and fire protection (125) (138) Business trip (8) (4) Lawyer and legal services (11) (5) Fuel (143) (127) Operating cost (89) (1 861) Property insurance (1 736) (1 852) Project management (14 225) (9 389) Total (34 587) (25 648) Direct expenditures are expenditures that can be allocated beyond doubt to the revenue generating item when they are incurred. The project management fee for the GKI business, formerly known as the Fit out business, has increased significantly compared to the 2022 value. This is due to the increase in revenue from this business. As compared to 2022, electricity costs fell by 3% on average in 2023. However, expenditure related to gas increased by 52%. In view of the fact that electricity costs account for 74% of total electricity, water and sewerage costs, the increase in gas tariffs had a moderate impact on total utility costs. The overall cost increase is only 7%. Personnel expenses increased by almost 16%, partly due to the increase in the number of employees and partly due to wage increases. At Group level, the aim is to optimise energy use, for example by purchasing and operating and regularly maintaining energy-efficient equipment, as well as by awareness-raising on energy savings.

5.3. Administrative and sales expenditures The administrative expenditures row contains the company’s costs related to its governance and administration activity.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 59

Administrative expenditures: Designation 31/12/2023 31/12/2022 Rental charges (20) (4) Insurance (41) (33) Miscellaneous material expenses (2) (1) Other services (2) (3) Electricity, water, drainage (4) (2) Depreciation (65) (11) Official fees and levies (1) - IT services (63) (45) Maintenance (1) - Stationery (1) (1) Education expenses (3) (1) Parking charges, highway use (6) (6) Financial services (73) (53) Postal fee (5) (5) Professional fees (8) - Special literature (2) (1) Delivery charges (7) (27) Accounting services, financial audit (85) (63) Personel expenses (682) (552) Consulting and analytical fees (16) (7) Business trip (1) (2) Lawyer and legal services (5) (4) Fuel (11) (8) Safeguarding (3) (2) Total (1 107) (832) In 2023, the direct and administrative cost categories included MHUF 5 147 recognised as total wage costs at Group level. Depreciation increased sixfold compared to 2022. This significant increase was induced by the investment properties acquired at a the high purchase value, newly integrated into the portfolio, which

had a substantial impact on depreciation amounts.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 60

The evolution of the average statistical staff number in 2023 was as follows: Company Average statistical staff number (person) AKKO Invest Nyrt. 3 NEO Property Services Zrt. 531 Total 534 The average staff number of Group members not included in the table is 0. Costs of sales include the expenditures directly related to sales. Designation 31/12/2023 31/12/2022 Listing and maintenance fees, fees paid directly to securities, brokers (6) (6) Communication and marketing expenses (74) (31) Total (80) (37)

5.4. Other revenues and expenditures Other revenues and expenditures are items that cannot be linked to the core activity, but they have an impact on profit or loss. Designation 31/12/2023 31/12/2022 Donation, scholarship payments (18) (8) Fine, penalty and default interest (21) (112) Building and land tax (14) (16) Net of gain on fixed asset sales and write off 1 - Other taxes (3) (28) Employee cost contributions 1 6 Increase/decrease in provision (458) (40) Cancelled debt, and payables 22 5 Expenses due to damages - (2) Received penalty payment, compensation, received cost reimbursement 18 - Miscellaneous sundry items 3 - Total (with regard to sign) (469) (195) Fines, penalties and default interests are liabilities required on the basis of the establishment of penalties. Provisions were made and used for penalties, claims and guarantees, which correspond

primarily to the property operation line of business of the Company.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 61

The increase in the value of other income is mostly due to the interim use and creation of provisions. In the course of the year, provisions amounting to HUF 67 million were reversed and provisions amounting to HUF 525 million were created.

5.5. Financial revenues and expenditures Designation 31/12/2023 31/12/2022 Interest income from the banks 41 11 Interest expenses (374) (347) Revaluation of foreign currency assets and liabilities (21) 44 Expected Credit Loss (ECL) (23) (6) Sconto 30 4 Gain from acquisition of business interests through treasury shares 2 - Total (with regard to sign) (345)

(294)

5.6. Income tax expenditure This expenditure position comprises the following tax items: Designation 31/12/2023 31/12/2022 Corporate income tax (314) (206) Deferred tax income/expenditures 57 36 Local business tax (197) (153) Innovation levy (29) - Total (with regard to sign) (483) (323) The Group presents the corporate income tax and local business tax among income tax expenditures. The corporate income tax rate was 9% during the year. The corporate income tax burden amounts to MHUF 206, a significant share of it (MHUF 278) is stated in the books of NEO Property Services Zrt. The local business tax rate was 2% during the year. The tax authorities regularly inspect the members of the Group. Since there may be disputes with regard to the interpretation of the taxation rule applicable to the individual transactions, later on the tax authority may change, during its proceeding, the tax balances shown in the financial statements.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 62

Tax expenditures may be deduced from the accounting profit or loss as follows: Designation 31/12/2023 31/12/2022 Profit or loss before tax 1 640 1 326 Theoretical tax (by 9%) 148 119 Impact of tax adjustments on income tax* 166 87 Corporate income tax 314 206 Local business tax 197 153 Deferred tax (57) (36) Innovation levy 29 - Tax indicated in the income statement 483 323 *Essential elements between the tax base adjustments:  adjustment for the recognition of impairment loss  impact of provisioning and reversal of provisions  difference between impairment losses recognised according to the Accounting Act and the Tax Code  adjustment related to costs other than costs incurred in the interest of the business.  adjustment related to cancelled and written-off receivables.  donations, 20% of support 

other item generated by a specialised education at a dual training place.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 63 6. Supplementary notes to the balance sheet

6.1. Value of customer relations Upon the inclusion of NEO Property Services Zrt., the Group identified the previously unstated intangible assets and separated them from the initial difference, in accordance with the rules of IFRS 3. In this regard, the Group identified the customer relations and determined their value with the involvement of an external expert, by deducting it from its cash-generating capacity. Gross value Customer list Balance at 31 December 2022 12 794 Categorisation on acquisition 0 Purchase 0 Balance at 31 December 2023 12 794 Depreciation Customer list Balance at 31 December 2022 (1 073) Categorisation on acquisition - Depreciation recognised (582) Balance at 31 December 2023 (1 655) Net value Customer list Balance at December 2022 11 721 Balance at December 2023 11 139 The recoverable value of intangible assets was last tested by the Group by 31 December 2023. In that period, it did not identify any circumstance which would suggest depreciation. 6.2. Goodwill The value of goodwill did not change in 2023. The Parent Company owns 51% of NEO Property Services Zrt.through Elitur Invest Zrt. The purchase price is paid in cash which is given in consideration for the AKKO Invest Plc. shares. In the course of the acquisitions of business shares, the entire purchase price was not settled, therefore the Group generated liabilities amounting to MHUF 4,830, which is repaid on a continuous basis.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 64

Goodwill amount – related to the individual subsidiaries – on the balance sheet date: Designation A PLUS INVEST Zrt. Acquisition 26/02/2021 Elitur+NEO Property Services Purchase price 279 24 711 Net assets value at acquisition date 13 7 689 Net assets value identified during acquisition 266 12 794 Deferred tax effect (1 151) Total net assets 13 19 332 Goodwill 31/12/2023 266 5 379 The Group treated the acquisition of NEO Property Services Zrt. and ELITUR Invest Zrt. as a coherent transaction, because the reason for the acquisition of the two companies was to acquire the activity of NEO Property Services Zrt. The net asset value of the new investments include the pool of contracts with customers (value of customer relations) which has been identified and registered by the Group as intangible assets. Its value at the date of the acquisition is: 12 794 MHUF. The recoverable amount of the goodwill was tested by the Group on 31 December 2023 and did not

identify any circumstance which would indicate any impairment loss.

6.3 Right-of-use assets Among the right-of-use assets, the Group presents the right-of-use (ROU) assets related to the leased car fleet and the rental rights of office premises, as well as the related depreciation charge. Liabilities related to the right-of-use are recorded as lease liabilities in accordance with the rules of IFRS 16. The Group took ownership of those assets with the purchase of NEO Property Services Zrt. Net value of the right-of-use assets on 31.12.2023: Gross value ROU car ROU property Total Balance at 31 December 2022 538 357 895 Impact of exchange rate changes - (2) (2) Changes to the lease payments 94 9 103 Disposal 0 (355) (355) New contracting 195 - 195 Balance at 30 December 2023 827 9 836 Depreciation ROU car ROU property Total Balance at 31 December 2022 (322) (248) (570) Depreciation recognised (224) (91) (315) Disposal - 333 333 Balance at 31 December 2023 (547) (7) (554) Net value at 31 December 2023 280 2 282

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 65

Lease liabilities The evolution of the lease liabilities are shown in the table below: Designation Car Property Total Lease debt due within one year 115 4 119 Over a year, lease debt due within five year 179 - 179 Lease debt due within five year - - - Total 294 4 298 The evolution of the lease liabilities are shown in the table below: Designation Car Property Total Opening lease liabilities total 223 113 336 Impact of exchange rate changes - (3) (3) Interim contracting 195 - 195 Changes to the lease payments 94 9 103 Disposal - (21) (21) Salary of lease payments (218) (94) (312) Outstanding lease liability at the end of the year 294 4 298

6.4 Other intangible assets Intangible assets not highlighted elsewhere are made up of licenses and of software purchased and developed by the Group itself. Gross value Intangible assets Balance at 31 December 2022 323 Categorisation on acquisition 0 Purchase 14 Balance at 31 December 2023 337 Depreciation Intangible assets Balance at 31 December 2022 (295) Categorisation on acquisition - Depreciation recognized (16) Balance at 31 December 2023 (311) Net value Intangible assets Balance at 31 December 2022 28 Balance at 31 December 2023 26

6.5 Investment properties The figures related to the properties of the Group on 31 December 2023 are as follows:

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 66

Gross value Industrial property Residential property Total Balance at 31 December 2022 2 394 2 159 4 553 Purchase 3 357 - 3 357 Disposals (419) - (419) Impact of exchange rate changes - (41) (41) Categorization on acquisition 624 - 624 Balance at 31 December 2023 5 956 2 118 8 074 Depreciation Industrial property Residential property Total Balance at 31 December 2022 (338) (27) (365) Derecognition due to sales 128 - 128 Categorization on acquisition (28) - (28) Depreciation recognised (81) (24) (105) Balance at 31 December 2023 (319) (51) (370) Net value Industrial property Residential property Total Balance at 31 December 2022 2 056 2 132 4 188 Balance at 31 December 2023 5 637 2 067 7 704 On 20 December 2023, the Parent Company purchased the 50% ownership interest of the property located at 1117 Budapest, Szerémi út 4. – Kaposvári u. 311., designated as “office building on an uncultivated land”, with a useful floor area of 21,857 m 2 . The group measures investment properties based on the cost model. The depreciation of the properties takes place as described in the summary of the Accounting Policy. Owner of the property Address of property Classification Plot size (m2) Superstructure size (m2) Status of utilization Akko Invest Plc 1133 Budapest, Kárpát st. 50. st. level, Hungary residential property - 121 Let out MOON Facility Zrt. 5000 Szolnok, Kombájn st., Hungary industrial property 48 627 3 330 Let out Vár-Logisztika Zrt. 8800 Nagykanizsa, Vár st. 12., Hungary industrial property 8 223 2 064 Let out ALQ SAS 18 Avenue, Louis Gallet, Juan-Les-Pins, Antibes, France residential property - 1 185 Reconstruction 4Stripe Zrt. 2040 Budaörs, Kinizsi st. 4- 6, Hungary industrial property 3 932 3 904 Let out A PLUS Invest Zrt. 1121 Budapest, Eötvös st. 31, Hungary residential property 2 269 438 Reconstruction Deniro Zrt 2040 Budaörs, Kinizsi st. 4. industrial property 6 066 1 334 Let out AKKO Invest Nyrt. 1117 Budapest. Szerémi st. 4.- Kaposvár st.. 3-11 industrial property 3 597 21 857 Let out

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 67 The net value of the properties on 31 December 2023 is shown in the table below: Property Initial cost Adjustment on the initial cost Accumulated depreciation Net Value Office in Kárpát street 99 - (18) 81 Industrial property in Szolnok 587 - (102) 485 Industrial property in Nagykanizsa - - - - Cyrano Hotel, France 1 872 (41) - 1 831 Industrial property in Budaörs 1 388 - (171) 1 217 Residential property in Eötvös street in Budapest 188 - (17) 171 Industrial property in Budapest, Kinizsi Street 624 - (57) 567 Property in Budapest, Szerémi Street 3 357 - (5) 3 352 Total 8 115 (41) (370) 7 704 Last year the net values of the properties were as follows: Property Initial cost Adjustment on the initial cost Accumulated depreciation Net Value Office in Kárpát street 99 - (14) 85 Industrial property in Szolnok 587 - (81) 506 Industrial property in Nagykanizsa 419 - (124) 295 Cyrano Hotel, France 1 872 - - 1 872 Industrial property in Budaörs 1 388 - (133) 1 255 Residential property in Eötvös street in Budapest 188 - (13) 175 Total 4 553 - (365) 4 188 The accumulated depreciation, the sale of the property located in Nagykanizsa, as well as the

conversion to HUF of the value of Hotel Cyrano recognised in EUR brought changes in value.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 68

Estimates concerning the fair value of the properties on the record date: Property Fair value at 31/12/2023 Office in Kárpát street 90 Industrial property in Szolnok 562 Industrial property in Nagykanizsa 0 Cyrano Hotel, France 1 837 Industrial property in Budaörs 1 302 Residential property in Eötvös street in Budapest 644 Industrial property in Budapest, Kinizsi Street 626 Property in Budapest, Szerémi Street 6 600 Total 11 661 The positive differences in fair value are not reflected in the financial statements because the Group carries its investment properties at cost model. The assets are utilised partially by means of operating lease. As regards their term, lease contracts include both contracts of unlimited duration and fixed-term contracts. In relation to the properties, the following mortgage rights have been registered: Property Name Mortgage Entitled Kárpát Street Office 15 600 000 000 FT, i.e., fifteen billion six hundred million HUF OTP BANK PLC. Szolnok Industrial Property 15 600 000 000 FT,i.e., fifteen billion six hundred million HUF OTP BANK PLC. Budapest, Kinizsi Street 4-6 Industrial Property EUR 1,250,000, i.e., one million two hundred fifty thousand EUR and its charges OBERBANK AG HUNGARIAN BRANCH Budaörs Industrial Property HUF 15,600,000,000, i.e., fifteen billion six hundred million HUF OTP BANK PLC Budapest, Eötvös Street Residential Property HUF 15,600,000,000, i.e., fifteen billion six hundred million HUF OTP BANK PLC. Budapest, Kinizsi Street 4 Industrial Property HUF 210,000,000, i.e., two hundred ten million HUF and its charges OBERBANK AG HUNGARIAN BRANCH Budapest, Szerémi Street Industrial Property EUR 7,225,000, i.e., seven million two hundred twenty-five thousand EUR and its charges. GLADIATOR VI. REAL ESTATE INVESTMENT FUND

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 69

6.6 Properties The Group took ownership of those assets with the purchase of NEO Property Services Zrt in 2021. Among the properties, the Group keeps record of transformations, refurbishments performed and activated on rented properties, and of office containers used by the Group itself. Gross value Properties Balance at 31 December 2022 77 Purchase/capitalisation 15 Balance at 31 December 2023 92 Depreciation Properties Balance at 31 December 2022 (49) Depreciation recognized (4) Balance at 31 December 2023 (53) Net value Properties Balance at 31 December 2022 28 Balance at 31 December 2023 39 6.7 Plant, fixtures and equipment The figures related to plant, fixtures and equipment for 31 December 2023 are as follows: Gross value Plant, fixtures and equipment Balance at 31 December 2022 624 Purchase 32 Disposals (4) Balance at 31 December 2023 652 Depreciation Plant, fixtures and equipment Balance at 31 December 2022 (555) Derecognition due to sales 4 Depreciation recognised (44) Balance at 31 December 2023 (595) Net value Plant, fixtures and equipment Balance at 31 December 2022 69 Balance at 31 December 2023 57 The depreciation of the individual assets takes place as described in the summary of the Accounting Policy.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 70

6.8 Trade accounts receivable Among trade accounts receivable the Group records the unpaid consideration payable by customers for the goods sold or services rendered in the usual course of business plus value added tax. Designation 31/12/2023 31/12/2022 Trade accounts receivable 12 674 8 670 Expected credit loss (32) (11) Total 12 642 8 659 6.9 Other receivables and prepayments and accrued income On the balance sheet date the Group had the following other receivables and prepayments and accrued income:

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 71

Designation 31/12/2023 31/12/2022 Other non-income tax receivables 100 74 Advances granted 593 869 Accrual of sales revenue, other interest income, other revenue 1 173 1 067 Prepaid costs, other interest paid, other expenditures 30 59 Overpaid suppliers 2 - Fees 7 8 Collateral 2 1 Performance and warranty guarantees 77 50 Total 1 984 2 128 In 2023 the Group classified VAT receivables as other non-income tax receivables. Advances granted are composed of advances granted to suppliers and personnel for subsequent recognition. The amount of advances granted to suppliers is Million HUF 590 in the records of the Group. Revenue accruals include the amount of revenue due for 2023, but not yet invoiced, mainly coming from the property operation line of business. The Group states the costs and expenditures charged to profit or loss, incurred in 2023 but partially belonging to the year after the balance sheet date in the prepaid costs, other interest paid, other expenditures row. Bails, security deposits and collaterals are related to complex property operation services.

6.10 Restricted cash The cash account of the parent company include cash and cash equivalents in the amount of MHUF 665 as bail (in the previous year: MHUF 485). These cash and cash equivalents cannot be used, MHUF 485 constitute the collateral of the loan taken out on an exclusive basis from OTP in order to finance the acquisition of NEO Property Zrt. The ECL recognised for restricted cash is lower that MHUF 1.

6.11 Cash and cash equivalents Cash and cash equivalents comprise the following items: Designation 31/12/2023 31/12/2022 Bank accounts 1 361 1 330 Cash on hand 6 4 Total 1 367 1 334 The Group has no cash equivalents. The interest received on bank accounts is 0-1%. The fair value of these items is almost the same as their carrying amounts. The ECL recognised for cash and cash equivalents is lower that MHUF 1.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 72

6.12 Subscribed capital The subscribed capital contains the face value of outstanding shares. The decision on increasing the share capital is made by the General Meeting based on the proposal of the Governing Board. The decision of the General Meeting is not necessary when the increasing of the share capital takes place within the competence of the Governing Board based on the authorisation of the General Meeting laid down in its decision. The share capital may be reduced based on the decision of the General Meeting. On 31 December 2023, the subscribed capital was HUF 833,880,000. The table below shows the nominal value of the Parent Company’s outstanding shares: Designation 31/12/2023 31/12/2022 Nominal value of shares outstanding on 1 January 834 834 Change during the year - - Total 834 834 The table below shows the quantity of the Parent Company’s outstanding shares: Designation 31/12/2023 31/12/2022 (pcs) Nominal value: HUF 25/peace (pcs) Nominal value: HUF 25/peace Ordinary shares issued 33 355 200 33 355 200 Total 33 355 200 33 355 200 The Group does not deduct the nominal value of its treasury shares in the balance sheet from the subscribed capital. Treasury shares are included in this position: Designation 31/12/2023 31/12/2022 Total nominal value of shares 834 834 Of which treasury shares (at nominal value) 0 23 Nominal value of outstanding ordinary shares 834 811

6.13 Share premium Share premium comprises the surplus value paid for the parent company’s share and the trading gain on the sale of treasury shares. The balance of share premium remained unchanged since 2022. Designation 31/12/2023 31/12/2022 Opening balance 5 480 5 480 Trading gain realized on the sale of treasury shares - - Total 5 480 5 480

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 73

6.14 Treasury shares The Group settled the full purchase price of the 100% ordinary shares of Deniro Zrt. and the receivables related to the transaction under the assignment agreement with Parent Company treasury shares held The quantity and value of treasury shares are as follows. Designation 31/12/2023 31/12/2022 (thousand) (thousand) Opening balance 937 937 Acquisition of business interests through treasury shares (345) - Treasury shares provided in exchange for the assignment of receivables (592) - Changes is shares (pcs) - 937 Designation 31/12/2023 31/12/2022 Opening balance (380) (380) Acquisition of business interests through treasury shares 140 - Treasury shares provided in exchange for the assignment of receivables 240 - Changes in treasury shares at carrying amount (With regard to sign) - (380) The signs shown in the table are from equity perspective.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 74

6.15 Proprietary transactions In the proprietary transactions balance sheet row the Group states the value created in equity when acquiring minority interests. The difference is the market value of the consideration for the acquired equity interest and the carrying amount of the non-controlling interest. Designation 31/12/2023 31/12/2022 Opening balance (207) (207) Change during the year - - Total (207) (207)

6.16 Accumulated exchange difference The functional currency of the French subsidiary is euro. Accordingly, the financial statements of the subsidiary must be converted into Hungarian forint. During the conversion assets and liabilities must be converted at the closing euro exchange rate, the profit and loss items at the exchange rate valid on the day of the original transaction, while equity components at historic exchange rate with the proviso that the capital balance of the acquisition date must be held at the exchange rate prevailing on the acquisition date. Designation 31/12/2023 31/12/2022 Assets at closing exchange rate 991 1 010 Liabilities at closing exchange rate 1 084 1 081 Equity at historic exchange rate (84) (59) Difference (9) (12) In view of the significant volatility of the EUR exchange rate, from financial year 2022 onwards, the Group does not apply the simplification according to which the profit or loss items can be exchanged at an average exchange rate instead of using the actual daily exchange rate.

6.17 Liabilities from loans and borrowings (long- and short-term) The Group has the following liabilities from loans: Debtor Expiry date Interest rate 31/12/2023 Due within 1 year Due within 5 year Due over 5 years AKKO Invest Nyrt. 2036.03.31 2,5% 10 149 714 2 871 6 564 Deniro Zrt. 2034.12.31 1 month Bubor +1.8% 190 10 180 - 4 Stripe Zrt. 2032.02.29 1,9% 396 44 233 119 Total 10 735 768 3 284 6 683 Oberbank AG disbursed a loan of EUR 1,250,000 to 4 Stripe Zrt. on 05.03.2020.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 75

On 26.02.2021, a loan of HUF 12 billion was disbursed by OTP Bank Nyrt. to the Parent Company, which was intended to finance the acquisition of NEO Property Zrt. The blocked cash and cash equivalents (secured by bail) are associated with that loan, and the equity stake in Elitur Invest Zrt. also constitutes a collateral for the bank loan (it is exclusively intended for bail, the collateral does not affect the voting rights and the dividend rights attached to the shares). A HUF loan was disbursed to Deniro Zrt. at the end of 2021. The carrying amount of bank loans essentially corresponds to their fair value. The changes in outstanding loans are shown in the table below: Designation Long term loans Short term loans Opening balance 10 585 766 Borrowing during the year - - Principal instalment (23) (774) Interest payment in 2023 - (300) Reclassification due to maturity (768) 768 Categorisation on acquisition 189 10 Year-end revaluation (16) (2) Closing 9 967 768 In addition to bank loans, the Company also has received loans from other undertakings. In the course of 2019, Elitur Invest Zrt. received a long-term loan from WING Zrt., its former parent company. The maturity date of the loan is 31.12.2024, the interest rate is 2% higher than the actual basic interest rate of the central bank. Compared to 31.12.2022, the loan amount increased by the interest accumulated during the financial

year.

6.18 Provisions Provisions are stated in the books of NEO Property Services Zrt., a subsidiary that has been recently included in the Group. The following table presents the relevant items and their changes as at 31.12.2023. Designation 31/12/2023 31/12/2022 Penalties and claims from contracting 587 204 Guarantee liabilities 181 113 Severance pay 21 14 Total 789 331 Provisions for penalties, claims and guarantees are due to the activity of the property operation line of business and their volume correspond to normal business.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 76 The evolution of the provisions was the following during the year: Designation 31/12/2022 Training Use 31/12/2023 Penalties and claims from contracting 204 398 (15) 587 Guarantee liabilities 113 106 (38) 181 Severance pay 14 21 (14) 21 Total 331 525 (67) 789

6.19 Deferred tax assets and liabilities and subsequently payable taxes

During the reporting period the following deferred tax balances occurred: Designation 31/12/2023 31/12/2022 Deferred tax assets - - Deferred tax liabilities 1 508 1 543 Deferred tax liability (consolidated net position) 1 508 1 543 Both current year’s and previous year’s deferred tax positions were recognised applying a tax rate of 9%. Reconciliation of deferred tax: 31/12/2023 Carrying amounts Tax value Difference Intangible assets 26 26 - Value of customer relations 11 139 - 11 139 Investment properties 7 704 2 508 5 196 Properties 39 39 Plant, fixtures and equipment 57 57 - Goodwill 5 645 5 645 - Trade accounts receivable 12 642 12 674 (32) Other receivables and prepayments and accrued income 1 984 1 984 - Cash and cash equivalents 1 367 1 367 - Long term bank loans 9 967 9 967 - Short term loans 768 768 - Provisions made 458 - 458 Trade accounts payable 7 830 7 830 - Other short-term liabilities and accruals 7 454 7 454 - Income tax liabilities 141 141 - Development reserve - - - 67 221 50 460 16 761 Total deductible difference - Total taxable difference 16 761 Total deferred tax assets - Total deferred tax liabilities 1 508

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 77

The deferred tax balances were netted when they were incurred at the same taxed unit. Comparative figures for the reconciliation of deferred tax: 31/12/2022 Carrying amounts Tax value Difference Intangible assets 28 28 - Value of customer relations 11 721 - 11 721 Investment properties 4 188 2 149 2 039 Properties 28 28 Plant, fixtures and equipment 69 69 - Goodwill 5 645 5 645 - Trade accounts receivable 8 659 8 670 (11) Other receivables and prepayments and accrued income 2 128 2 128 - Cash and cash equivalents 1 334 1 334 - Long term bank loans 10 585 10 585 - Short term loans 766 766 - Provisions made 331 - 331 Trade accounts payable 3 020 3 020 - Other short-term liabilities and accruals 6 251 6 251 - Income tax liabilities 49 49 - Development reserve - (3 061) 3 061 54 803 37 662 17 141 Total deductible difference - Total taxable difference 17 152 Total deferred tax assets - Total deferred tax liabilities 1 543

6.20 Deferred purchase price of the acquisition In the course of the acquisitions of business shares in 2021, it was not the entire purchase price which was settled, therefore the Group had liabilities vis-à-vis the Seller, amounting to MHUF 4,830. On 31 December 2023, its long-term liabilities amounted to MHUF 4,014 due to redemptions. The purchase price was stated at non-discounted value.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 78

In the course of the financial year MHUF 515 were redeemed of the liabilities. Designation 31/12/2023 31/12/2022 Balance at beginning of the year 4 529 4 830 Redemption (515) (301) Total 4 014 4 529

6.21 Trade accounts payable Trade accounts payable only include items due in the short run, presented at non-discounted value. The fair value of the balance is almost the same as the carrying amount. Designation 31/12/2023 31/12/2022 Trade accounts payable 7 830 3 020 Total 7 830 3 020 The largest balances of trade accounts of the Group at the end of the financial year: Partner’s name Balance at 31/12/2023 ALTEO Energiakereskedő Zrt. 171 Art Expo Kft. 169 BAU-GÉP 2000 KFT. 392 FEHÉRVILL-ÁM Kft. 222 IL-GENERÁL '86 Építőipari Kft. 198 Master Zrt. 183 Norisz-Ép Kft. 273 STYLO ÉpGép Építőipari Szolgáltató és Kereskedelmi Kft. 380 Gladiátor VI. Ingatlan Befektetési Alap 2 782 Total 4 770 On 20 December 2023, the Group purchased the 1/2 ownership interest of the office building located at 1117 Budapest, Szerémi út 4. – Kaposvári u. 3-11. from the Gladiátor VI Property Investment Fund. 15% of the purchase price was paid in 2023, the remaining 85% of the purchase price must be settled until 30 September 2024.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 79

6.22 Other short-term liabilities and accruals This position includes liabilities not connected to suppliers or loans. These mostly include tax balances – other than income tax – wage-related liabilities, accruals, and deferred income. The items are stated at non-discounted value, and their fair value corresponds to their carrying amount. Designation 31/12/2023 31/12/2022 Tax balances 1 297 1 219 Wage-related items 507 464 Penalty, self-revision and default penalty 0 31 Accrued expenses and expenditures charged to the period before the balance sheet date 4 548 4 192 Rebenue accruals and deferrals 43 37 Advance received from buyer 460 293 Security deposit received 24 12 Collateral received 2 2 NTCA duty 85 - Loan liabilites from MEVINVEST Ltd. 489 - Miscellaneous items 0 2 Total 7 455 6 252 The received bail is related to NEO Property Services Zrt. The distribution of the received security deposits is as follows: Designation 31/12/2023 4Stripe Zrt. 12 VÁR-Logisztika 2 Deniro Zrt. 10 Total 24

6.23 Income tax liability In the income tax liability row the Group states its corporate income tax liability, innovation contribution and local business tax liability. Designation 31/12/2023 31/12/2022 Corporate income tax liability 106 49 Local business tax liability 31 - Innovation levy 4 - Total 141 49

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 80

6.24 Earnings per share (EPS), EBITDA Ownership ratios on 31 December 2023 by share types: Designation Number of shares 31/12/2023 Parent company’s profit or loss attributable to shareholders 31/12/2023 (HUF) Ordinary share 33 355 200 1 157 349 256 Total 33 355 200 1 157 349 256 Designation 31/12/2023 31/12/2022 Annual profit or loss attributable to the Group’s shareholders 1 157 1 003 Parent company’s profit or loss attributable to shareholders after deduction of fixed dividends 1 157 1 003 Annual profit or loss attributable to ordinary shares 1 157 1 003 Weighted arithmetic mean of outstanding ordinary shares 33 162 668 32 418 212 Earnings per share (in HUF) 34,90 30,95 Parent company’s profit or loss attributable to holders of ordinary shares upon dilution 1 157 1 003 Weighted arithmetic mean of diluted ordinary shares 33 162 668 32 418 212 Diluted earnings per share (in HUF) 34,90 30,95

EBITDA The Group has decided to also publish the EBITDA index according to the practice in the industry, which is an index not defined in the IFRS: The calculation of the index can be found in the Accounting Policies. The EBITDA is deducted as follows: 31/12/2023 31/12/2022 Profit or loss before tax 1 640 1 326 Depreciation 1 066 988 Elimination of financial revenues and expenditures 345 294 EBITDA 3 051 2 608

6.25 General disclosures related to financial assets and liabilities and fair value hierarchy Based on IFRS 13, with regard to its assets and liabilities measured at fair value – with a view to increasing consistency and comparability – the Group presents the fair value hierarchy based on a three-level measurement category as follows. The inputs used for determining the fair value of the asset or liability may be allocated to different levels within the fair value hierarchy. If the inputs used to measure fair value are categorised into

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 81

different levels of the fair value hierarchy, the fair value measurement is categorised in its entirety in the level of the lowest level input that is significant to the entire measurement. It requires careful consideration to assess how significant a specific input is to the entire measurement, in the course of which factors applicable to assets or liabilities must be taken into account. Measurement level 1: quoted, usually stock exchange prices in active markets for homogeneous assets or liabilities that the Group can access at the measurement date. Measurement level 2: measurement containing inputs other than quoted market prices that are observable for the asset or liability, either directly or indirectly. Measurement level 3: measurement that also uses inputs not directly observable for the asset or liability. The Group possesses the following financial assets and liabilities: Financial assets and balances Designation 31/12/2023 31/12/2022 Trade accounts receivable 12 642 8 659 Other receivables and prepayments and accrued income 681 2 128 Restricted cash 665 485 Cash and cash equivalents 1 367 1 334 Total 15 355 12 606 Financial liabilities and balances Designation 31/12/2023 31/12/2022 Bank loans 10 735 11 351 Trade accounts payable 7 830 3 020 Other short-term liabilities 975 6 252 Lease liabilities 298 336 Deferred payment of acquisition 4 014 4 529 Total 23 852 25 488

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 82

The individual instruments are positioned in the fair value hierarchy as follows: Designation 31/12/2023 31/12/2022 Measure ment level1 Measure ment level2 Measure ment level3 Measure ment level1 Measure ment level2 Measure ment level3 Financial assets Trade accounts receivable - - 12 642 - - 8 659 Receivables from other companies - Receivables, prepayments, and accrued income - - 681 - - 2 128 Restricted cash 665 - 485 - - Cash and cash equivalents 1 367 1 334 Total (assets) 2 032 - 13 323 1 819 - 10 787 Financial liabilities Bank loans, and lease liabilities - - 10 735 - - 11 351 Trade accounts payable - - 7 830 - - 3 020 Other short-term liabilities - - 975 - - 6 252 Lease liabilities 298 336 Deferred purchase price of the acquisition 4 014 4 529 Total (liabilities) - - 23 852 - - 25 488 As no financial instruments recognised at amortised cost were derecognised (only repayment took

place), the net profit and loss do not include any value in this regard.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 83 7. Other disclosures related to the consolidated financial statements

7.1 Operating segments The Parent Company is listed on the stock exchange, and as such segment information must be disclosed on a mandatory basis at least in the consolidated financial statements. The segments were identified on the basis of the breakdown of activity monitoring by the management and it also took into account the fact that the different segments include almost homogeneous items. The Group identified the following operating segments on 31 December 2023: 1. Industrial property segment 2. Residential property segment 3. Facility Management line of business 4. ITS line of business 5. Fit-Out line of business Segments 3 to 5 are related to the property operation service. The pool of contracts related to service provision is stable and long-term. Facility Management includes activities related to property operation. The ITS line of business covers the area of technical facility management and the area of infrastructure management. Within the Fit-Out line of business, it performs the design and complete construction related to office buildings and various facilities. Consolidated income statement by segments on 31 December 2023: Designation Industrial property segment Residential property segment Facility Management line of business Subsegment- total Revenue from property lease 116 7 - 123 Revenue from property sales 220 0 - 220 Revenue from recharged costs 5 1 - 6 Real estate operation (1) - 19 209 19 208 Sales revenue of the segment 340 8 19 209 19 557 Direct expenditures (429) (10) (16 776) (17 215) Administrative and sales expenditures (5) (88) (553) (646) Other expenditures, net (8) (6) (242) (256) Financial expenditures, net (13) (295) 30 (278) Bargain purchase gain - - - - Segment’s profit or loss before tax (115) (391) 1 668 1 162

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 84

Designation ITS line of business Fit out line of business Not allocated to any segment Total Revenue from property lease - - - 123 Revenue from property sales - - - 220 Real estate operation 12 260 6 238 173 37 879 Sales revenue of the segment 12 260 6 238 173 38 229 Direct expenditures (10 664) (6 038) (670) (34 587) Administrative and sales expenditures (354) (179) (8) (1 187) Other expenditures, net (154) (79) (3) (492) Financial expenditures, net 19 9 (72) (322) Bargain purchase gain - - - - Segment’s profit or loss before tax 1 107 (49) (580) 1 640 Consolidated sales revenue and profit or loss by segments on 31 December 2023: Designation Industrial property segment Residential property segment Facility Management line of business Subsegment - total Sales revenue from external parties 341 8 19 209 19 557 Intragroup sales revenue - - - - Sales revenue of the segment (including inter-segment revenues) 341 8 19 209 19 557 - Profit or loss of the segment (before tax) (115) (391) 1 668 1 162 Designation ITS line of business Fit-Out line of business Not allocated to any segment Total Sales revenue from external parties 12 260 6 238 173 38 229 Intragroup sales revenue - - - - Sales revenue of the segment (including inter-segment revenues) 12 260 6 238 173 38 229 - Profit or loss of the segment (before tax) 1 107 (49) (579) 1 640

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 85

Reconciliation of sales revenues 31/12/2023 Total sales revenues allocated to segment 38 056 Elimination of intragroup sales revenues - Revenues not allocated to segment 173 Reconciliation of profit or loss Profit or loss allocated to segment 2 219 Profit or loss not allocated to segment (579) 1 640 Customers under the control of government 31/12/2023 31/12/2022 Revenue 7 6 Direct material cost (5) (5) Profit or loss 2 1 The revenue of the Group is generated evenly during the financial year, it has not a seasonal character arising from its activities. Comparative figures of the Group for 31 December 2022

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 86

Consolidated income statement by segments on 31 December 2022: Designation Industrial property segment Residential property segment Facility Management line of business Subsegment - total Revenue from property lease 98 1 - 99 Revenue from recharged costs - 1 - 1 Property operation 25 - 16 996 17 021 Sales revenue of the segment 123 2 16 996 17 121 Direct expenditures (126) (4) (14 962) (15 092) Administrative and sales expenditures (4) (68) (497) (569) Other expenditure, net (10) (7) (118) (135) Financial expenditures, net (56) (203) - (259) Income from the sale of subsidiaries - - - - Profit or loss before tax within the segment (73) (280) 1 419 1 066 Designation ITS line of business Fit out line of business Not allocated to any segment Total Revenue from property lease - - - 99 Revenue from recharged costs - - - 1 Property operation 9 625 1 400 186 28 232 Sales revenue of the segment 9 625 1 400 186 28 332 Direct expenditures (8 457) (1 414) (685) (25 648) Administrative and sales expenditures (282) (41) 23 (869) Other expenditure, net (65) - - (200) Financial expenditures, net - - (30) (289) Income from the sale of subsidiaries - - - - Profit or loss before tax within the segment 821 (55) (506) 1 326 Consolidated sales revenue and profit or loss by segments on 31 December 2022: Designation Industrial property segment Residential property segment Facility Management line of business Subsegment - total Sales revenue from external parties 123 2 16 996 17 121 Intragroup sales revenue - - - - Sales revenue of the segment (including inter- segment revenues) 123 2 16 996 17 121 - Profit or loss of the segment (before tax) (73) (280) 1 419 1 067

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 87

Designation ITS line of business Fit-Out line of business Not allocated to any segment Total Sales revenue from external parties 9 625 1 400 186 28 332 Intragroup sales revenue - - - - Sales revenue of the segment (including inter- segment revenues) 9 625 1 400 186 28 332 - Profit or loss of the segment (before tax) 821 (55) (506) 1 326 The Group omits the presentation of the segments’ assets and liabilities, since CODMs do not monitor that on a continuous basis.

7.2Transactions with related parties The transactions and balances between the Parent Company and its subsidiaries – being the related parties of the Group – are eliminated for the purposes of consolidation, and thus they are not presented in this section. The Company had no business relation with other related party outside the scope of consolidation. The members of the Governing Board and of the Audit Committee are related parties. The members of the Governing Board received the following remuneration during the financial year. Designation Governing Board Audit Committee Total Wages 6 - 6 Benefits 2 - 2 Total 8 - 8 Emoluments and wages were recognised as part of the allowances.

7.3 Dividend paid by the subsidiaries In 2023, NEO Property Services Zrt. paid MHUF 1,776 to its owners in the form of dividend, of which it paid MHUF 515 to AKKO Invest Plc. and MHUF 1,261 to Elitur Invest Zrt. These dividends were filtered in the consolidated financial statements.

7.4 Description of risks and sensitivity analysis In the course of the management of the assets entrusted to it, the Group acted in a manner that ensured value maximisation for the owners. In doing so, it follows the following criteria:  it seeks to ensure the continued operation of the Group in all circumstances;  it seeks to establish an optimal capital-to-loan ratio in order to keep the capital cost at an appropriate level. The capital structure corresponds to the industry average, no quantified capital-to-loan ratio was set as a target by the Group. The statutory minimum subscribed capital requirement for the Group is THUF20,000. No specific rules apply to the management of its capital.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 88

Through its activities the Group is exposed to risks relating to the changes of market and financial conditions. These changes may have an impact on the profit as well as on the value of the assets and liabilities. The purpose of financial risk management is to continuously mitigate risks through operative and financing measures. Market risk The Group pursues activity also in foreign currency, which carries the risks arising from the change in foreign exchange rates. The foreign currency transactions appear primarily through the transactions carried out with the Group’s French subsidiary, i.e. ALQ SAS. The functional currency of the ALQ SAS is euro. Interest rate risk is the risk that future cash flows from certain financial assets and liabilities may fluctuate due to the changes in market interest rates. The Group identified interest rate risk as its current risk. Impact of the change in interest expenditure on profit or loss. Designation Reporting year's data Interest rate change of 1 percentage point Interest rate change of 5 percentage point Interest rate change of 10 percentage point Profit of loss before tax 1 640 1 533 1 103 566 Interest expenditure 374 481 911 1 448 Amount of interest-bearing liabilities 10 735 10 735 10 735 10 735 Bank loans 10 735 10 735 10 735 10 735 Average interest rate 3,48% 4,48% 8,48% 13,48% Interest rate change 28,70% 143,52% 287,03% Change in interest expenditure on profit or loss -6,55% -32,73% -65,46% Based on the foregoing:  A 1% change in the average interest rate would result in a change of 6.55 % in net profit or loss,  A 5% change in the average interest rate would result in a change of 32.73 % in net profit or loss,  A 10% change in the average interest rate would result in a change of 65.46 % in net profit or loss.

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 89

Impact of the change in interest income on profit or loss. Designation Reporting year's data Interest rate change of 1 percentage point Interest rate change of 5 percentage point Interest rate change of 10 percentage point Profit of loss before tax 1 640 1 736 1 804 1 941 Interest income 41 55 123 260 Current year value of interest- bearing assets 1 367 1 367 1 367 1 367 Cash and cash equivalents 1 367 1 367 1 367 1 367 Average interest rate 2,999% 3,999% 8,999% 18,999% Interest rate change 33,34% 200,05% 533,46% Change in profit or loss 5,83% 10,00% 18,34%  A 1% change in the average interest rate would result in a change of 5.83 % in net profit or loss,  A 5% change in the average interest rate would result in a change of 10.00 % in net profit or loss,  A 10% change in the average interest rate would result in a change of 18.34 % in net profit or loss. Credit risk Credit risk is the risk that a debtor defaults on its contractual obligations, which may cause a financial loss to the Group. The credit risk analysis shows the following positions: 31/12/2023 31/12/2022 Trade account receivables within due date 11 656 8 345 < 30 days 617 283 31-60 days 212 17 61-90 days 39 3 91 < 118 10 TOTAL 12 642 8 659 Trade receivables increased compared to 2022. There is no specific practice for the management of credit risk, the company manages risk-related cases on an individual basis in the course of continuous monitoring. Liquidity risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations. The management of liquidity risk falls within the competence of the Governing Board. The Group manages its liquidity risk by keeping a proper level of reserves and stand-by borrowing facilities, by continuously

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 90

monitoring its planned and actual cash flow data as well as by reconciling the maturity dates of financial assets and liabilities. The liquidity analysis shows the following maturity dates: 31/12/2023 Immediately liquid Due within 1 year Due within 1-5 years Liquid over 5 years or in certain situations Total Cash and cash equivalents 1 367 - - - 1 367 Restrichted cash - - - 665 665 Receivables from other companies - - - - - Other receivables, prepayments, and accrued income - 1 984 - - 1 984 Trade accounts receivables - 12 642 - - 12 642 Income tax receivable - - - - - Intangible assets - - - 11 165 11 165 Goodwill - - - 5 645 5 645 Investment properties - - - 7 704 7 704 Properties - - - 39 39 Plant, fixtures and equipment - - - 57 57 Right-of-use assets - - - 282 282 Financial assets 1 367 14 626 - 25 556 41 549 31/12/2023 Immediately liquid Due within 1 year Due within 1-5 years Liquid over 5 years or in certain situations Total Tax and other short-term liabilities - 7 596 - - 7 596 Trade accounts payable - 7 830 - - 7 830 Deferred tax - - 1 508 - 1 508 Provisions - 789 789 Bank loans - 768 3 284 6 683 10 735 Long term loan - - 337 - 337 Lease creditors - 119 179 - 298 Deferred purchase price of the acquisition - - - 4 014 4 014 Equity - - - 8 442 8 442 Financial liabilities - 17 101 5 309 19 138 41 549 Cumulative position 1 367 (1 108) (6 417) - -

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 91

The comparative figures are shown in the table below: 31/12/2022 Immediately liquid Due within 1 year Due within 1-5 years Liquid over 5 years or in certain situations Total Cash and cash equivalents 1 334 - - - 1 334 Blocked cash and cash equivalents - - - 485 485 Receivables from other companies - - - - - Other receivables and prepayments and accrued income - 2 128 - - 2 128 Trade accounts receivable - 8 659 - - 8 659 Income tax receivable - - - - - Intangible assets - - - 11 749 11 749 Goodwill - - - 5 645 5 645 Investment properties - - - 4 188 4 188 Properties - - - 28 28 Plant, fixtures and equipment - - - 69 69 Right-of-use assets - - - 325 325 Financial receivables 1 334 10 787 - 22 490 34 611 31/12/2022 Immediately liquid Due within 1 year Due within 1-5 years Liquid over 5 years or in certain situations Total Tax and other short-term liabilities - 6 301 - - 6 300 Trade accounts payable - 3 020 - - 3 020 Deferred tax - - 1 543 - 1 543 Provisions - 331 331 Bank loans - 766 3 137 7 448 11 351 Long term loan - - 298 - 298 Lease liabilities - 231 105 - 336 Deferred purchase price of the acquisition - - 4 529 - 4 529 Equity - - - 6 902 6 902 Financial receivables - 10 649 9 612 14 350 34 611 Cumulative position 1 334 1 472 (8 140) - - Disclosures related to the war between Russia and the Ukraine The management thoroughly analysed the potential impacts on the Group’s business activity of the Russo-Ukrainian conflict that started at the end of February 2022. The analysis concluded that the war did not have an impact that would significantly affect the financial stability or the operations of the Group. Although the war cannot directly affect the investment property market in Hungary, it may have an indirect impact on it. Inflation, the negative impact of the war on commodity prices and the increase

Consolidated Financial Statements of AKKO Invest Plc. and its subsidiaries involved in the consolidation, prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 92

in geopolitical tensions may prompt potential investors, tenants and recipients of services related to property maintenance to be cautious and plan for the longer term.

7.5 Disclosures due to interests in other entities The Group has only subsidiaries. It has no associated undertakings or joint ventures. The Group does not have to face any restriction with regard to any of its enterprises that would affect access to the net assets, to the result or to the cash flow. The Group has no consolidated or non-consolidated interests where control cannot be established on the basis of the voting rights or where the voting rights do not serve the management of relevant activities leading to control (structured entities). No members of the Group qualify as investment companies, and they have no share in such. All enterprises publish their separate financial statements according to their relevant laws.

7.6 Material events after the reporting period; dividend proposed The Group identified the following significant events after the balance sheet date. However, as those are not amending events, they have no impact on the numerical sections of the statements:  On March 27, 2024, NEO Property Services Zrt. decided on a dividend payment for the members of the Group. o The dividend amounts due to Elitur Invest Zrt.: HUF 1,428,222,000 o The dividend amounts due to AKKO Invest Plc.: HUF 677,483,000

7.7 Statements The Consolidated Financial Statements, which have been prepared in accordance with the applicable accounting standards and to the best of our ability, give a true and fair view of the assets, liabilities, financial position and profit or loss, status, development and performance of AKKO Invest Plc. and of its undertakings included in the consolidation, describing the key risks and uncertainties. 7.8 Authorisation of the publication of the financial statements Akko Invest Plc. has authorised the publication of the Group’s consolidated financial statements prepared in accordance with the International Financial Reporting Standards (IFRS) for 2023 by the Governing Board and the Audit Committee on 28 March 2024. Budapest, 28 March 2024 on behalf of AKKO Invest Plc. ……………………………………… Zoltán Prutkay chairman of the Governing Board ……………………………………… Imre Attila Horváth vice-chairman of the Governing

Board

93 Separate Financial Statements of AKKO INVEST Public Limited Company for the financial year ending on 31 December 2023, prepared in accordance with the International Financial Reporting Standards (IFRS) adopted by the European Union

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. Separate comprehensive income statement for the period of 365 days that ended on 31 December 2023 COMPREHENSIVE INCOME STATEMENT Notes 01/01/2023 - 31/12/2023 01/01/2022 - 31/12/2022 Revenue (3.1) 3 - Direct expenditures (3.2) (5) - Gross profit or loss (2) - Administrative and sales expenditures (3.3) (64) (50) Financial expenditures, net (3.4) (126) 64 Income from sale of subsidiaries - - Profit or loss before tax (192) 14 Income tax expenditure (3.5) (8) (1) Profit after tax (200) 13 - Other comprehensive income (after income tax) - - - Total comprehensive income (200) 13 EBITDA 368 427 The Statement of Comprehensive Income contains the items with regard to sign! The Notes to Financial Statements form integral part of the Financial Statements. References in brackets refer to Section 3 of the Separate Financial Statements.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 95 Separate Balance Sheet for 31 December 2023 ASSETS Notes 31/12/2023 31/12/2022 Non-current assets 24 432 20 989 Investment properties (4.1) 3 434 85 Investment in subsidiaries (4.2) 20 998 20 904 Current assets 2 756 2 255 Other receivables, prepayments, and accrued income (4.3) 45 34 Intercompany receivables (4.4) 2 037 1 732 Restricted cash 665 485 Cash and cash equivalents (4.6) 9 4 Total assets 27 188 23 244 - EQUITY AND LIABILITIES 31/12/2023 31/12/2022 Equity 5 786 5 606 Subscribed capital (the nominal value of the shares in HUF 25/piece) (4.7) 834 834 Share premium (4.8) 5 480 5 480 Retained earnings (4.9) (528) (328) Treasury shares (4.10) - (380) Long-term liabilities 13 731 275 311 Long term bank loans (4.11) 9 435 10 149 Deferred tax liabilities and subsequently payable tax (4.12) 282 276 Deferred payment of acquisition (4.13) 4 014 4 529 Short-term liabilities 7 671 2 684 Short term loans (4.11) 714 699 Trade accounts payable (4.16) 2 785 - Other short-term liabilities and accruals (4.14) 577 1 Intercompany short-term liabilities (4.13) 3 593 1 983 Income tax liabilities (4.15) 2 1 Equity and liabilities 27 188 23 244 The Notes to Financial Statements form integral part of the Financial Statements. References in brackets refer to Section 4 of the Separate Financial Statements.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 96 Separate Cash Flow Statement for 365 days ending on 31 December 2023 Notes 2023.01.01 - 2023.12.31 2022.01.01 - 2022.12.31 Profit/loss before tax (192) 14 Net interest expenditure (3.4) 614 422 Non-cash items: Depreciation (3.2-3.3) 9 8 Impairment of shares (3.4) 47 - Profit/loss impact of exchange loss (3.4) 44 - Interest income (3.4) (63) (18) Profit/loss impact on expected credit loss (3.4) 1 1 Non-cash items – total 38 (9) Change in current assets (11) (2) Change in short-term liabilities 2 872 (12) Change in restricted cash (4.5) (180) - Total net changes in working capital 2 681 (14) Interest paid (269) (422) Income tax paid - - Net cash flow from operating activities 2 872 (9) Borrowing (4.13 (109) (138) Acquisition of tangible assets (4.1) (3 358) - Acquisition of shares (2) - Deferred payment of acquisition (4.13) (515) (301) Amount received for subsidiary net of cash transferred - - Interest received 63 18 Net cash flow from investment activities (3 921) (421) Received loan (4.12;4.14) 1 7531 753 --- Borrowing (4.11) - 1 256 Loan repayment (4.11) (699) (825) Net cash flow from financing activities 1 054 431 Credit loss on cash and cash equivalents - - Profit/loss impact of exchange loss - - Change in liquid assets 5 1 Cash and cash equivalents at the beginning of the year (4.6) 4 3 Cash and cash equivalents at the end of the year (4.6) 9 4 The cash flow statement contains the items with regard to sign. The Notes to Financial Statements form integral part of the Financial Statements.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 98 1. Key elements of the accounting policy; basis of preparation of financial statements 1.1 Basis of the preparation of financial statements and the entity’s ability to continue as a going concern Declaration on conformity with the IFRSs The management declares that the independent financial statements have been prepared in conformity with the International Financial Reporting Standards that were adopted by the European Union. The management made this declaration in the knowledge of its liability. Contents of the financial statements These financial statements present the assets, performance, and financial position of AKKO Invest Plc. The Plc., as parent company, also prepares consolidated financial statements, which present the assets, performance and the financial position of the parent company and its enterprises involved in the consolidation (together: Group). The separate financial statements of the Company and the financial statements of the Group are prepared, approved, and published by the Parent Company’s management. Basis of preparing the financial statements; applied set of rules and the underlying presumptions; evaluation philosophy The financial statements have been prepared based on the International Financial Reporting Standards (IFRS) created by the International Accounting Standard Board (IASB). The IFRS include the IFRS, the IAS, the IFRIC and SIC interpretations developed by the IFRS Interpretation Committee. The Company applied the IFRS in the form as those were adopted by the European Union. The Company’s management established that the going concern assumption is appropriate, i.e. there is no sign implying that the Plc. will terminate or significantly curtail its operations within the foreseeable future, i.e. beyond one year. The Company generally measures its assets at historical cost, except for the situations where based on IFRS the given element must be measured at fair value. In the financial statements, the financial instruments held for trading had to be measured at fair value. Accounting policies related to the preparation of separate financial statements Presentation of the financial statements The Company publishes separate financial statements (hereinafter: financial statements). The financial statements comprise the following parts: - separate balance sheet; - separate comprehensive income statement; - separate statement of changes in equity; - separate cash flow statement;

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 99 - notes to the separate financial statements. Essential decisions related to the presentation The Company decided to include the comprehensive income statement in a separate statement in such a way that it presents the items connected to other comprehensive income in the same statement after the net profit (loss) for the period. The Company publishes the separate financial statements in Hungarian forint. This is the presentation currency. The separate financial statements cover one calendar year. The balance sheet date of the separate financial statements is the last day of the calendar year, i.e. 31 December, in each year. In accordance with the stock exchange requirements, the Company prepares interim group financial statements semi-annually. The interim financial statements shall be governed by the rules of IAS 34, which do not include all disclosures prescribed by IAS 1 and contain the figures in condensed form. The separate financial statements contain comparative figures, except when a period must be restated or the accounting policy had to be changed. In this case we also present the opening balance sheet values of the comparative period. When for the purposes of presentation it is necessary to reclassify an item (e.g. due to a new line in the financial statements) the Company adjusts the previous year’s figures so as to ensure comparability. Accounting policies related to the income statement Sales revenues The Company recognises its sales revenues in accordance with the rules of IFRS 15 (effective from 2018) – Recognition of revenue from contracts with customers. The IFRS 15 Standard created a uniform model to be applied to revenues from contracts. The Standard contains to revenue recognition rules, among others, for revenues falling within the IFRS 9 Financial Instruments Standard and for revenues falling within the IFRS 16 Leases Standard. The five-step model helps define when revenues must be recognised and in what amount: 1. Based on the Standard, a contract is created when the following conditions are satisfied: • The parties have accepted the contract and are committed to fulfilling it; • The rights of the parties can be clearly determined based on it; • The contract offers economic benefits; • It is probable that the seller will receive the consideration for the goods delivered/services performed, even if it applies legal instruments to collect it. • In the case of contract amendment it must be examined how its content has changed, since there may be cases when the amendment is to be interpreted as an independent, separate contract. 2. Identification of performance obligations: When concluding the contract, the Company shall assess the goods or services promised in a contract with a customer and shall identify as a performance obligation each promise to transfer to the customer either a) distinct goods or services (or a package of goods or services); or

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 100 b) a series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer. 3. Determining the transaction price: The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring the promised goods or services to a customer, excluding amounts collected on behalf of third parties (for example, certain sales taxes). The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. 4. Allocation of the transaction price to individual obligations: The seller must distribute the transaction price among the individual obligations. When no separate prices can be allocated to the individual obligations, an estimation shall be applied for the distribution, in accordance with the method accepted by the Standard. 5. Revenue recognition: The revenue may be recognised when the control over the purchased goods or services devolves from the seller on the buyer. This may take place during a definite period or at a specified time. The control devolves on the buyer when as a result of that the buyer is able to control the use of the assets and is entitled to collect the benefits deriving from the assets. The Company measures and examines its contracts with customers individually, and applies the 5-step model under the Standard to the concluded contracts. The Company does not state as part of the sales revenues the items collected on behalf of third parties and to be transferred, since the Company obtains no control over such items. The value added tax appears as such item at the Company. Operating expenditures As a result of the Company’s current activity, it breaks down the expenditures as follows:  direct expenditures: the expenditures directly related to the sales revenue, with the proviso that if an item is to be recognised on a net basis (e.g. profit realised on property sales), it will not be charged to expenditures but rather it will reduce revenues.  administrative expenditures: these include the items that are meant to support the Company’s operation, but may not be directly related to the sales revenue (e.g. accounting fees, insurance, etc.).  sales expenditures: expenditure connected to publication, advertising, and PR activities.  Other revenues and expenditures The Company states the consideration for sales not classifiable as sales revenue and all other revenues that cannot be regarded as financial income or items increasing other comprehensive income among other revenues. Other expenditures are expenditures that are indirectly related to the operation and do not qualify as financial expenditure or do not reduce other comprehensive income. The Company states other revenues and other expenditures on a net basis on the main page of the income statement, but it details the components of it in the notes to financial statements. Financial revenues and expenditures The Company presents primarily the interest expenditures (as one of the burdens of its own funding) in the financial profit (loss) position.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 101 According to the rules of the impairment model, introduced by the IFRS 9 Financial Instruments Standard, impairments are also stated here. The Company states the exchange rate difference of foreign currency items (unless it is part of the other comprehensive income based on the IAS 21 Effects of Changes in Foreign Exchange Rates Standard) in the financial profit or loss. The Company states financial profit or loss in the income statements on a net basis. Income tax expenditure The income tax expenditure is the sum of the actual and deferred income tax and the local business tax. Other comprehensive income Other comprehensive income comprises the items (including amendments due to reclassification) that are not stated in the income statement as part of the profit or loss of the reference period, but belong to the Company’s returns or expenditures in the broad sense. Accounting policies related to the balance sheet; presentation and measurement of assets and liabilities Investment properties Investment properties include those properties that the Company has typically purchased for the purpose of realising profit on the lease or appreciation of the property, without utilising it or bearing the business risk of it. These properties (typically office buildings, warehouses, and factory buildings) are not used for own purposes in the longer run and the Company does not plan to sell them in the near future. The Company treats investment properties according to the cost model, i.e. these properties are recognised at cost after deducting any accumulated depreciation and impairment losses. The cost of the properties comprise the following elements:  purchase cost (the costs of acquiring the property, including also tax payments if they can be linked to the property);  property reconstruction costs, which includes the items incurred due to the reconstruction for the anticipated sale;  other costs directly related to the property, if the direct relationship can be proven. The Company classifies investment properties as industrial property or residential property. The Company recognises depreciation on the investment properties measured using the cost model, assuming a useful life of 20 years, considering this type of properties. The reclassification of investment properties – since the Company uses the cost model – must be executed by reclassification between the balance sheet lines. Plant, fixtures and equipment The Company states plant, fixtures and equipment at cost reduced by accumulated depreciation and impairment losses.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 102 Cost includes the purchase prices less discounts, including customs duties and other non-reclaimable taxes, and all costs necessary for the operation of the asset at the specific place in the specific manner. The estimated costs of dismounting and removal of the asset and of the remediation of the location also form part of the costs, if provisions must be recognised for the liabilities in accordance with the requirements of IAS 37 (Provisions, Contingent Liabilities and Contingent Assets). If the asset is of significant value, it must be examined whether it can be decomposed into components. The components must be assessed separately for the purposes of depreciation. The costs incurred in connection with assets in use are stated as assets if they fulfil the condition of capitalisation or additional capitalisation as assets. Maintenance and repair cost are recognised as cost when incurred. The Company also states the costs of major inspections as assets, as a separate component. The depreciation of assets is recognised in accordance with the straight-line method. The Company depreciates the acquisition value of the assets from the date when it is taken into use, during the useful life of the assets. Typical useful life of assets: Plant and equipment 3-7 years Office equipment, fittings 5 years Properties 20-50 years When the assets are scrapped, the cost and the accumulated depreciation are derecognised. When the asset is sold, the cost and the accumulated depreciation are derecognised, while any profit or loss is stated in the net profit or loss (among other items). In the case of assets in respect of which depreciation is recognised, in all cases when any event or change in circumstances imply that their carrying amount would not recover, we examine if any impairment has occurred. The impairment loss is the difference between the asset’s carrying amount and its recoverable amount. Recoverable amount is the higher of an asset's fair value less costs to sell and its value in use. Intangible assets The Company states intangible assets at cost reduced by accumulated depreciation and impairment losses. During the expected life we recognise depreciation based on the straight-line method. Leases Identification of lease A contract qualifies as a lease contract or contains lease if this contract transfers the right to use the underlying asset – for a specific period – against fee payment. Then the lessee may collect the profit arising from the asset usage and may make decisions on the usage. It does not qualify as a lease, when the company concludes a rental agreement for an asset, but the underlying asset is controlled not in the interest of the company (e.g. company car transferred for personal use). To identify the lease, the Company applies the process chart under paragraph B31 of Appendix B of the IFRS 16 Standard:

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 103 1. Chart Classification of lease contract IFRS 16.B31 The Company concluded rental contracts for vehicles and property. Having assessed the contracts the Company concluded that they contain no lease. Recognition at the lessee On the commencement day the lessee must recognise a right-of-use asset and lease liability. Recognition exceptions If the Company qualifies as a lessee under IFRS 16 with regard to a contract, the general rules of the Standard will not be applied to leases related to short-term assets (less than 12 months) and to low- value underlying assets, but the lease payments are charged to profit, in a divided manner. Measurement of the right-of-use asset The Company recognises its assets used under lease as right-of-use assets in the balance sheet. The right-of-use assets are measured under the cost model, primarily setting out from the contractual term

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 104 upon accounting for depreciation. The Company tests the right-of-use assets for impairment under the IAS 36 rules. The business organisation recognises the right-of-use assets together with the asset group where the underlying asset belongs to. The right-of-use assets are separated in the notes to financial statements. The lessor must classify the leases either as operating lease or financial lease. A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset. A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership of an underlying asset. Recognition at the lessor At the commencement date the lessor must derecognise in the balance sheet the assets held within the framework of financial lease and must present the leasing fee receivables at the present value of the cash flows from the lease (net investment in lease). The Company recognises the present value of cash flows from financial lease as a lease investment. Upon calculating the present value, the Company uses the incremental interest rate related to lease. The Company determines the ECL for the lease receivables based on the simplified approach. The lessor must recognise in the income statement the lease payments from operating lease either through the straight-line method or through another systematic method in a manner that the leased asset is further on recognised and depreciated in the balance sheet. The Company regards any scheme as financial lease (as a lessor) if  the underlying asset is transferred to the lessee at the end of the lease term;  the lessee has the right to acquire the ownership of the underlying asset at the end of the term and exercise of this right is probable;  the lease term (together with the proved extension periods) exceeds three-quarters of the residual economic life of the underlying asset;  the overall present value of the lease payments reaches 90% of the fair value of the underlying asset;  the underlying asset pertaining to the leasing is special. If the lease term is indefinite, the term must be defined based on the estimated enforceable period. Assets held for sale and discontinuing operations Non-current assets, the carrying amount of which will be recovered through a forthcoming sales transaction rather than through continuing use, shall be classified as held for sale. Disposal groups, comprising assets and closely related liabilities to be disposed of later on in a single transaction (e.g. a subsidiary to be sold), are also held for sale. This classification can be used when it is highly probable that the sale takes place within one year from the classification, and the assets or disposal group are ready for sale also in their current form, activities are in progress to foster sales (e.g. marketing activity) and the asset or disposal group is offered at a reasonable price. The Company presents its assets held for sale separately in the balance sheet. Discontinued operations: The Company presents its activities and subsidiaries that can be separated from the remaining part of the Company as discontinued operations.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 105 Borrowing costs Borrowing costs – if it can be rendered probable that they will result in future economic benefits – are included in the cost of the acquisition, construction or production of assets, the making of which suitable for use or sale necessarily takes a substantial period of time. These assets are referred to as qualifying assets. The Company commences the capitalisation of borrowing costs for the respective asset, when:  expenditures have been incurred for the asset  the implementation of the investment can be rendered probable, the Company has an irrevocable commitment for the implementation When the asset is ready for use, the capitalisation of borrowing costs must be stopped. Inventories Inventories are stated at the lower of cost and net realisable value. Costs of inventories are determined on first-in-first-out (“FIFO”) basis. Net realisable value is the estimated selling price of the inventories less the estimated costs of completion and the estimated costs necessary to make the sale. At present the Company has no inventories allocated to this category. Investments in subsidiaries The Company states the subsidiaries to be consolidated in another entity, the associated undertakings and joint ventures to be presented in accordance with the equity method in the balance sheet in a separate row, using the cost model. The Company reduces the value of the investment by the accumulated impairment loss, while the incurred transaction costs increase the value of the investment. Financial assets and liabilities In accordance with IFRS 9, the Company applies the following rules: Classification Financial assets and liabilities held for sale to realise profit and the derivative instruments belong to financial instruments measured at fair value through profit or loss (FVTPL). (The Company has no such assets and liabilities.) The debt instruments that satisfy the SPPI test (i.e. the cash flow deriving from them are solely payments of principal and interest) and held to collect contractual cash flows (business model test) belong to the amortised cost (AC) category. This category includes trade and other receivables, and cash holdings. The debt instruments that satisfy the SPPI test, but are held for the contractual cash flows and for the sale of the instruments belong to the FVTOCI (fair value through other comprehensive income) category. In this case the instrument is stated in the books at fair value, while the fair value difference is recognised in other comprehensive income, accumulated in the appropriated equity reserve. The interest, expected loss and sales profit or loss belonging to the debt instruments is recognised in net profit or loss. Upon the derecognition of the instrument, the accumulated revaluation must be transferred to net profit or loss. The Company has no such assets.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 106 The Company classifies its equity instruments, unless they are held for sale, as FVTOCI, i.e. it measures the instrument at fair value on each balance sheet date (with the proviso that in certain cases the cost may be also regarded as fair value), while the difference is recognised in other comprehensive income. When the instrument is derecognised, the accumulated revaluation reserve cannot be transferred to net profit or loss, but the accumulated equity part is transferred to retained earnings. Other liabilities include financial liabilities that have not been classified as instruments measured at fair value through profit or loss. Recognition Financial assets and liabilities are recognised in the Company’s books on the settlement date, with the exception of derivative instruments, which are recognised on the trade date. Financial assets or financial liabilities are initially measured at fair value, adding to them (in the case of items that later are not measured at fair value through profit or loss) the transaction costs directly related to the acquisition or issuance of those. Derecognition Financial instrument are derecognised when the rights to the cash flows from the financial instruments expire, or the Company transfers, to a substantial degree, all risks and benefits related to the holding of the financial instrument (without retaining any major right). Measurement Following the initial recognition, all financial assets or financial liabilities measured at fair value through profit or loss and all assets measured at fair value through other comprehensive income will be measured at fair value. If no quoted market price in an active market is available and the fair value cannot be determined reliably, the Company uses valuation techniques to establish the fair value. Financial instruments classified as AC, and all financial liabilities not belonging to the fair value through profit or loss category will be stated at amortised cost. Fees and discounts, including the initial transaction costs, are included in the carrying amount of the related instrument and amortised at the instrument’s effective interest rate. Debt instruments – with the exception of items measured at fair value through profit or loss – are recognised in the books at a value reduced by expected impairment loss. Expected impairment loss, allocable to the reporting year, shall be recognised through profit or loss. The profit or loss on financial instruments or financial liabilities recognised at fair value through profit or loss shall be recognised in the comprehensive income statement (as part of current year’s profit or loss, on a net basis) as profit or loss realised on securities. The yield from the effective interest income of FVTOCI instruments shall be stated in current year’s profit or loss in a separate line, in a position different from the expected loss of the instrument (which is recognised in another category of net profit or loss). The valuation gains or losses of such financial instruments shall be recognised in other comprehensive income. The profit or loss realised on the

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 107 alienation of FVTOCI financial debt instruments shall be recognised in current year’s profit or loss, and the formerly accumulated other comprehensive income shall be transferred to net profit and loss. The profit or loss in respect of financial instruments or other financial liabilities stated as debt instruments shall be recognised using amortisation (profit/loss after tax) in the comprehensive income statement when the financial instrument or liability is derecognised or an impairment loss is recognised in respect of them. Measurement at fair value The fair value of financial instruments is the market price quoted at the end of the reporting period, net of transaction costs. If no quoted market price is available, the fair value of the instrument is determined by valuation models or discounted cash flow techniques. When applying discounted cash flow techniques, the estimated future cash flow is based on the Company’s economic estimates, while the discount rate is a market rate that applies to a similar instrument on the balance sheet date under similar terms and conditions. When applying valuation models, the figures are based on market valuations performed at the end of the reporting period. Level 1: The figures used for the valuation are based on publicly available quoted prices (no further information is necessary for the valuation). Level 2: The figures used for the valuation of assets with no quoted price can be observed indirectly or directly. Level 3: The estimation of the fair value of derivatives not traded on the stock exchange is based on the amount that the Company would receive based on the usual business terms and conditions upon the expiry of the contract at the end of the reporting period, considering the prevailing market conditions and the parties’ current creditworthiness. Measurement of amortised cost The amortised cost of a financial asset or financial liability is the value of the financial asset or financial liability at the initial recognition less principal repayments, increased or decreased by the accumulated amortisation of the difference between the initial value and the value at maturity calculated by the effective interest rate method, and reduced by the write-off due to the impairment or irrecoverability of the financial instrument. The effective interest rate is the rate that precisely discounts the estimated future cash payments or income during the expected life of the financial instrument or – as the case may be – for a shorter period to the net carrying amount of the financial instrument or financial liability. When calculating the effective interest rate, the Company estimates the cash flow considering all contractual conditions of the financial instrument, but ignoring future credit losses. Impairment of financial assets (expected impairment)

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 108 Provisions must be recognised for the expected impairment of the debt instruments belonging to the AC and FVTOCI category. The expected impairment can be described as the cash flow not realisable during the life of the instrument. The expected impairment loss can be derived from the following factors:  exposure at default (EAD);  loss given default (LGD);  probability of default (PD) for the relevant period. When presenting financial instruments, the expected loss must be calculated for 12 months using 12- month PD, which means the probability of the counterparty’s becoming insolvent within 12 months (Stage 1). The ECL so determined must be recognised without directly reducing the assets as a counter- asset item (provision). The gross value of the asset (calculated net of ECL) does not change. If the credit quality of the asset deteriorates it must be reclassified to Stage 2, for which provisions must be recognised for lifetime impairment through net profit or loss without directly reducing the value of the asset. If the asset becomes impaired, it must be reclassified to Stage 3, where the lifetime loss reduces directly the value of the asset. If the credit quality of the asset improves, the asset must be reclassified from Stage 3 to Stage 2, or from Stage 2 to Stage 1. The Company regards an asset as non-performing if the contractual cash flows have been past due for at least 90 days. However, using market information, based on special considerations, an asset may be declared as non-performing earlier as well. The Company presumed deterioration in credit quality if the contractual cash flow is past due over 30 days. The following signs may imply deterioration in credit quality or impairment:  market figures  change in the economic environment  external rating figures  comparative figures  risk managers’ findings  providing the debtor with respite  willingness to pay In the case of certain smaller receivable balances the ECL is determined on a collective basis. For trade accounts receivable the simplified ECL model must be used, which means that lifetime impairment must be recognised immediately and it is not necessary to monitor credit quality continuously. In the case of the simplified approach, the Company usually uses the following ECL ratios:

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 109 Past due ECL % Less than 90 days 1 % 91– 180 days 50 % over 180 days 100% or individual assessment If the volume of ECL decreases, the decrease must be recognised through profit or loss, by reducing the corresponding expenditure. Trade accounts receivable Trade accounts receivable include the unpaid consideration payable by customers for the goods sold or services rendered in the usual course of business plus value added tax. These amounts are expected to be received within one year (or within the usual operating cycle, if it is longer), and thus they are classified as current assets. Trade accounts receivable are stated at invoiced value, which initially essentially correspond to their fair value. The Company uses the simplified approach to determine the ECL. Receivables from subsidiaries According to the main rule, receivables from subsidiaries must be classified as AC. Those receivables are stated here that derive from loans disbursed or were received by the Company through assignment. Other receivables and prepayments and accrued income These receivables include payment claims not belonging to other receivables. They are measured in the same way as trade accounts receivable. Prepayments and accrued income are also stated in this balance sheet position. Blocked cash and cash equivalents The Company recognises separately the blocked cash and cash equivalents, which constitute loan collaterals, and does not list them among cash and cash equivalents, but assesses them in the same manner as cash. Cash and cash equivalents Cash includes cash on hand, bank deposits and other liquid deposits and securities the original maturity of which is not longer than three months and risk of changes in value is negligible (not including overdrafts, but in the cash flow statement the overdraft must be stated under cash equivalents). The balance of cash accounts at brokers must be also treated as cash equivalent. Should any impairment occur at a cash item, it must be recognised through net profit and loss. ECL must be recognised for these assets as well. Subscribed capital The subscribed capital contains the sum of the nominal values of the shares issued by the Company.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 110 Share premium Share premium includes the funds exceeding the nominal value of the issued shares. The transaction costs related to equity issuance reduce the share premium. The Company states the profit realised on the sales of treasury shares as share premium. Retained earnings Retained earnings contain the dividends accumulated but unpaid. Dividends In the financial statements, the Company states the dividends payable as liabilities, simultaneously reducing retained earnings, in the period when the owners approved the dividends. Treasury shares If the Company buys its own equity, the consideration paid and the incremental costs are stated as treasury shares as items reducing equity, in a separate line with negative sign, until such time as the shares are withdrawn or resold. When the Company sells these shares later on, it increases the equity, since the profit or loss realised on the sales directly impacts equity (increases the share premium when it is a profit, or reduces the retained earnings when it is a loss). Transactions related to treasury shares must be posted on the transaction date. Trade accounts payable, other liabilities, accruals and deferred income Trade accounts payable and other liabilities, accruals and deferred income are recognised at fair value, which is usually the same as the nominal value. In subsequent periods they are stated at amortised cost determined using the effective interest rate method. Income tax liability and asset, deferred tax liabilities and assets The Company performs the assessment of whether the given tax type qualifies as income tax for all types of statutory taxes based on the requirements of IAS 12 Income taxes. The income tax presented in the comprehensive income statement represents the current and deferred tax for the respective period. Deferred tax is stated in the current year’s profit or loss, except when it is connected to items stated in other comprehensive income. Then the deferred tax is also stated there. The Company recognises deferred tax for the temporary differences between the statutory value of the assets and liabilities under the laws governing the tax qualifying as income tax and their carrying amount, based on the balance sheet method. The stated value of the deferred tax is based on the expected method of realising or settling the carrying amount of the assets and liabilities, subject to applying the tax rate effective or essentially effective at the end of the reporting period. The tax for the period in question is the tax payable on the taxable income of the given year, subject to applying the tax rates effective at the end of the reporting period and applying previous year’s adjustment. Deferred tax receivables may be stated only up to the amount of the taxable profit likely to be available in the future.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 111 Other taxes, not qualifying as income tax, are stated separately from the income taxes in the comprehensive income statement. General accounting policies related to cash flow The Company builds its cash flow statement on the indirect method up to the operating cash flow. The investment and financing cash flows are prepared using the direct method. The Company presents interest paid in the operating cash flow, and dividends paid in the financing cash flow.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 112 2. Significant estimates used in preparing the financial statements and other sources of uncertainties With respect to the application of the Company’s accounting policies, the management has to make decisions, estimates and assumptions as to the carrying amount of the assets and liabilities that cannot be clearly determined from other sources. The estimates and related assumptions are based on past experiences and other factors that are considered relevant. The actual results may be different than these estimates. The estimates and the assumptions on which they are based must be reviewed continuously. The estimates that are in line with the IFRS and valid at the time of the changeover to IFRS must be consistent with the estimates prepared for the same figures in accordance with the previous accounting regulations except when there is clear evidence that those estimates had been erroneous. The modifications of accounting estimates must be recognised in the period when the modification was made if the modification only affects this period, or in the period when the modification was made and the periods after that if the modification affects the period under review as well as the future. The management of the Company must review the accounting estimates of the following areas at least annually:  estimates related to the useful life, residual value and dismounting obligation of tangible assets,  estimates related to rate of return calculations for inventories;  estimates related to the measurement of receivables, particularly to ECL The revision of the accounting estimates may be necessitated by:  legislative changes,  changes in the economic environment,  changes in the operation and processes of the Company

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 113 3.Supplementary notes to the Comprehensive Income Statement 3.1 Revenue Sales revenues comprises the following items: Designation For the financial year ending on 31 December 2023 For the financial year ending on 31 December 2022 Revenue from property lease 3 - Total 3 0 In 2023, the Company generated revenue on the rental of the office building located in Budapest, Szerémi utca. Rental was suspended in the course of 2022. 3.2 Direct operating expenditures Designation For the financial year ending on 31 December 2023 For the financial year ending on 31 December 2022 Depreciation (5) - Total (5) - Direct expenditures are expenditures that can be allocated beyond doubt to the revenue generating item when they are incurred. 3.3 Administrative and sales expenditures Designation For the financial year ending on 31 December 2023 For the financial year ending on 31 December 2022 Rental fees (3) (4) Other costs (1) - Depreciation (4) (8) Translations fee (1) (1) IT services (3) (1) Fee for bookkeeping services (13) (9) Fee for financial services (8) (7) Staff costs (25) (12) Consultation and analysis fee (3) (7) Lawyer and legal fees (3) (1) Total (64) (50) Rents include the rent for the property serving as headquarters for the Company. The rental agreements do not qualify as lease contracts. The staff number of the Company was unchanged in 2023, the increase in personnel costs was due to the salary increases carried out in 2023.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 114 The Company did not have other expenditures neither in 2023, nor in 2022. 3.4 Financial revenues and expenditures Designation For the financial year ending on 31 December 2023 For the financial year ending on 31 December 2022 Interest received 16 1 Interest paid to the bank (268) (286) Impairment of subsidiaries shares (47) Revaluation of foreign currency assets and liabilities (unrealized profit/loss) (44) 83 Interest received from related companies 47 17 Interest paid to related companies (346) (136) Dividend income 515 385 Gain from acquisition of business interests through treasury shares 2 - Impairment of ECL financial assets (1) - Total (with regard to sign) (126) 64 3.5 Income tax expenditure This expenditure position comprises the following tax items: Designation For the financial year ending on 31 December 2023 For the financial year ending on 31 December 2022 Corporate income tax (1) - Deferred tax expenditure/income (7) (1) Local business tax - - Total (with regard to sign) (8) (1) The Company presents the corporate income tax and local business tax among income tax expenditures. The corporate income tax rate was 9% during the year. The local business tax rate was 2%. The tax authorities regularly inspect the Company. Since there may be disputes with regard to the interpretation of the taxation rule applicable to the individual transactions, later on the tax authority may change, during its proceeding, the tax balances shown in the financial statements.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 115 Tax expenditures may be deduced from the accounting profit or loss as follows: Designation 31/12/2023 31/12/2022 Profit or loss before tax (192) 14 Impact of tax adjustments on income tax* (200) 1 Theoretical tax (by 9%) (35) 1 Minimum income tax 12 - Actual income tax 1 - Local business tax - - Deferred tax 7 1 Tax indicated in the income statement 8 1 *Essential elements between the tax base adjustments:  difference between impairment losses recognised according to the Accounting Act and the Tax Code  tax base reducing item due to the dividend received

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 116 4. Supplementary notes to the balance sheet 4.1 Investment properties Gross value Investment properties Balance at 31 December 2022 99 Purchase 3 358 Disposals - Balance at 31 December 2023 3 457 Depreciation Investment properties Balance at 31 December 2022 (14) Depreciation recognised (9) Derecognition upon the sales of the asset - Balance at 31 December 2023 (23) Net value Investment properties Balance at 31 December 2022 85 Balance at 31 December 2023 3 434 Based on IAS 40, the properties owned by the Company qualify as investment properties and it are measured on the basis of the cost model. The Company did not intend to use the properties for its own purposes in the longer run. On 20 December 2023, the Company purchased the 50% ownership interest of the property located at 1117 Budapest, Szerémi út 4. – Kaposvári u. 3- 11., designated as “office building on an uncultivated land”, with a useful floor area of 21,857 m 2 . The properties owned by the Company and their fair value are as follows according to the a construction and real estate forensic expert : 1. 1133 Budapest, Kárpát utca 50. Fair value: MHUF 90 2. 1117 Budapest, Szerémi út 4. – Kaposvári u. 3-11. Fair value: MHUF 600 (50% ownership) According to the properties owned by the Company and their fair value are as follows according to the a construction and real estate forensic expert estimate:, the fair value of the property was MHUF 6,690 at the end of the year.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 117 4.2 Long-term investments in subsidiaries The Company recognises the value of the existing interests in subsidiaries on this balance sheet position. Designation For the financial year ending on 31 December 2023 For the financial year ending on 31 December 2022 VÁR-Logisztika Zrt. 215 215 MOON Facility Zrt. 280 280 A PLUS INVEST Zrt. 329 329 4 Stripe Zrt. 850 850 ALQ SAS 730 730 Elitur Zrt. 14 000 14 000 NEO Property Services Zrt. 4 500 4 500 Deniro Zrt. 94 - Total 20 998 20 904 The following table provides information on the cost: Designation Initial cost Impairment Carrying amounts VÁR-Logisztika Zrt. 597 (382) 215 MOON Facility Zrt. 280 - 280 A PLUS INVEST Zrt. 329 - 329 4 Stripe Zrt. 850 - 850 ALQ SAS 730 - 730 Elitur Zrt. 14 000 - 14 000 NEO Property Services Zrt. 4 500 - 4 500 Deniro Zrt. 141 (47) 94 Total 21 427 (429) 20 998 The Company uses the cost model for the measurement of investments in subsidiaries. All investments in subsidiaries were acquired by the Company for cash, with the exception of Vár- Logisztika Zrt. and Deniro Zrt., which were acquired through equity swap. In order to establish the cost, the Company has set out from the fair value of the share swapped for the subsidiary. Impairment had to be recognised for the investment in Vár-Logisztika Zrt, as the fair value of the underlying net assets fell short of the purchase price calculated from the share price at the end of the year. The Company deduced the net asset value from Vár-Logisztika Zrt’s earning power. The impairment occurred due to the fact that the fair value of the shares transferred as purchase price rose – relatively abruptly – in the market, and thus the purchase price substantially exceeded the anticipated price. (The Company was unable to influence this process. Under the anticipated share price it would have not been necessary to recognise impairment.) The Company recognised impairment through profit or loss.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 118 The Company established a bail for the entire equity stake, thereby providing a collateral for the loan taken out from OTP intended to finance the acquisition of Neo Property Services Zrt. Bailing does not restrict voting rights and dividend rights. On 14 April 2023, Neo Property Services Zrt. decided to pay dividends. In its resolution No. 3/2023 (of 04 April 2023), it decided to pay HUF 514,744,000 as dividends to AKKO Invest Plc. The payment of dividends took place in the reporting year, which was presented by the Company as the result from financial operations. 4.3 Other receivables and prepayments and accrued income Designation 31 December 2023 31 December 2022 Other non-income tax receivables 42 34 Accrual of sales revenue, other interest income, other revenue 3 - Total 45 34 In 2023, the Company classified VAT receivables, building tax receivables and default penalty receivables, as well as wage contribution receivables as other non-income tax receivables. The fair value of these items is almost the same as their carrying amounts. 4.4 Receivables from subsidiaries The Company concluded individual loan agreements with its subsidiaries, and – within the framework of assignment contracts – it “took over” the subsidiaries’ receivables in lieu of cash, as a result of which the member companies then in need of cash received funds from the Parent Company possessing cash. On the balance sheet date the Company has in its books the following loan receivables increased by interest: Designation 31 December 2023 31 December 2022 VÁR-Logisztika Zrt. - 13 MOON Facility Zrt. 247 222 A PLUS INVEST Zrt. 199 187 4 Stripe Zrt. 279 246 ALQ SAS 1 081 1 072 Deniro Zrt. 240 - Expected Credit Loss (ECL) (9) (8) Total 2 037 1 732 The items received through assignment are non-interest bearing. The interest on the items provided as loans is usually the central bank base rate plus 1.5 percentage points. The fair value of these items is almost the same as their carrying amounts. In the course of 2023, MHUF 25 were disbursed as principal repayment and MHUF 1 were recognised as expected credit loss. All loan receivables are considered to be in stage 1 for expected credit losses, therefore 12-month expected credit loss was recognized.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 119 4.5 Restricted cash The cash account of the Company include MHUF 665 as cash and cash equivalents in the form of bail (in the previous year: MHUF 485). These cash and cash equivalents amounting to MHUF 485 cannot be used, they constitute the collateral of the loan taken out on an exclusive basis from OTP in order to finance the acquisition of NEO Property Zrt. In the previous year, the Company presented this amount among the cash and cash equivalents, but this amount had to be re-presented, in view of its nature. 4.6 Cash and cash equivalents Designation 31 December 2023 31 December 2022 Bank Accounts 9 4 Total 9 4 The Company has no cash equivalents. The interest received on bank accounts is 0-1%. The fair value of these items is almost the same as their carrying amounts. The ECL recognised for cash and cash equivalents is lower that MHUF 1. 4.7 Subscribed capital The subscribed capital of the Company contains the face value of outstanding shares. The decision on increasing the share capital is made by the General Meeting based on the proposal of the Governing Board. The decision of the General Meeting is not necessary when the increasing of the share capital takes place within the competence of the Governing Board based on the authorisation of the General Meeting laid down in its decision. The share capital may be reduced based on the decision of the General Meeting. On 31 December 2023 the subscribed capital was HUF 833,880,000. The table below shows the nominal value of the Company’s outstanding shares: Designation 31 December 2023 31 December 2022 Nominal value of shares outstanding on 1 January 834 834 Total 834 834 The table below shows the quantity of the Company’s outstanding shares: Designation 31 December 2023 31 December 2022 (pcs) Nominal value: HUF 25/piece (pcs) Nominal value: HUF 25/piece Ordinary shares issued 33 355 200 33 355 200 Total 33 355 200 33 355 200

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 120 The table below includes the nominal value of outstanding ordinary shares and the nominal value of treasury shares held: Designation 31 December 2023 31 December 2022 Total nominal value of shares 834 834 Of which treasury shares (at nominal value) - 23 Nominal value of outstanding ordinary shares 834 811 4.8 Share premium The share premium comprises the amount received over the nominal value when issuing the shares and the gain or loss realised upon the sales of treasury shares. The share premium did not change during the reporting period. 4.9 Retained earnings On 31 December 2023 retained earnings amounted to MHUF - -528 (accumulated loss). The Company allocated MHUF 3,061 from the retained earnings as development reserve, which were used for the purchase of properties in 2023. The source of the development reserve is the adjusted pre-tax profit or loss (Section 18/B of the Corporate Income Tax Act), which also includes the gain or loss realised on the sales of treasury shares, stated by the Company in the share premium. 4.10 Treasury shares The quantity and nominal value of treasury shares are as follows. Designation 31 December 2023 31 December 2022 (pcs) (pcs) Opening balance 936 988 936 988 Acquisition of business interests through treasury shares (344 746) - Treasury shares provided in exchange for the assignment of receivables (592 242) - Changes in shares (pcs) - 936 988 Designation 31 December 2023 31 December 2022 Opening balance 23 23 Acquisition of business interests through treasury shares (8) - Treasury shares provided in exchange for the assignment of receivables (15) - Changes in treasury shares at carrying amount (with regard to sign) - 23

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 121 The table above shows the sign based on the impacts on equity. The Company treated the gain or loss realised on the sale of treasury shares as adjustment to equity. The gain was stated in the share premium. 4.11 Bank loans The Company contracted a long-term loan of HUF 12 billion from OTP Bank Nyrt., the loan was disbursed and paid to the sellers on 26 February 2021 in consideration for the business shares of NEO Property Services Zrt. and Elitur Invest Zrt. The blocked cash and cash equivalents (secured by bail) are associated with that loan, and the equity stake in Elitur Invest Zrt. also constitutes a collateral for the bank loan (it is exclusively intended for bail, the collateral does not affect the voting rights and the dividend rights attached to the shares). The loan and its interest is payable on a quarterly basis. The amount of capital due on 31.12.2023, as well as the short- and long-term items are presented in the following table: The collateral of the loan is provided by the bailed funds, on the one hand, and by the equity stake in Elitur Invest Zrt., on the other hand. In 2023, MHUF 699 were disbursed as principal repayment. 4.12 Deferred tax liabilities and subsequently payable taxes During the reporting period the following deferred tax balances occurred: Designation 31 December 2023 31 December 2022 Deferred tax liabilities 282 276 Total 282 276 Reconciliation and source of deferred tax: Designation Carrying amounts Tax value Difference Investment property 3 434 292 3 142 Long-term investments in subsidiaries 20 998 20 998 - Other receivables and prepayments and accrued income 45 45 - Cash and cash equivalents 9 9 0 Receivables from subsidiaries and other related parties 2 037 2 046 (9) Other short-term liabilities and accruals 4 591 4 591 - Development reserve recognised 0 - - Total 31 294 28 161 3 133 Total deductible difference (9) Debtor Expiry date Interest rate 31/12/2022 Due within 1 year Due within 5 years Due over 5 years OTP Bank 2036.03.31 2,5% 10 149 714 2 871 6 564

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 122 Total taxable difference 3 142 Total deferred tax assets Total deferred tax liabilities 282 Previous year’s comparative figures: Designation Carrying amounts Tax value Difference Investment property 85 85 - Long-term investments in subsidiaries 20 904 20 904 - Other receivables and prepayments and accrued income 34 34 - Cash and cash equivalents, blocked cash 489 489 - Receivables from subsidiaries and other related parties 1 732 1 731 1 Other short-term liabilities and accruals 4 530 4 530 - Development reserve recognised - (3 061) 3 061 Total 27 774 24 712 3 061 Total deductible difference - Total taxable difference 3 061 Total deferred tax assets - Total deferred tax liabilities 276 4.13 Deferred purchase price of the acquisition and other short-term loans from subsidiaries In the course of the acquisitions of business shares in 2021, it was not the entire purchase price which was settled, therefore the Group generated liabilities vis-à-vis the Seller, amounting to MHUF 4,830 which it intends to pay and settle from the dividends of NEO Property Services Zrt. In 2023, the liabilities decreased by MHUF 515, on the balance sheet date they amounted to MHUF 4,014. The purchase price was stated at non-discounted value. The other short-term loans from subsidiaries are payable to the following subsidiaries: Designation 31 December 2023 31 December 2022 Received from Elitur Zrt (3 427) 1 983 Received from VÁR-Logisztika Zrt (166) - Total (3 593) 1 983 4.14 Other short-term liabilities This position includes liabilities not connected to suppliers or loans. These mostly include tax balances – other than income tax – wage-related liabilities, accruals and deferred income. The items are stated at non-discounted value, and their fair value corresponds to their carrying amount.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 123 Designation 31 December 2023 31 December 2022 Wage-related items 3 1 Loan liabilites from MEVINVEST Ltd. 489 - Duty liability 85 - Total 577 1 4.15 Income tax liabilities This position contains only income tax debt. Designation 31 December 2023 31 December 2022 Current year’s income tax liabilities 2 1 Total 2 1 Income tax liabilities include liabilities arising from income tax and local business tax. 4.16 Trade accounts payable Designation 31 December 2023 31 December 2022 Trade accounts payable 2 785 0 Total 2 785 0 Trade accounts payable are due within 30 days. 4.17 Fair value hierarchy of financial assets and liabilities Based on IFRS 13, with regard to its assets and liabilities measured at fair value – with a view to increasing consistency and comparability – the Company presents the fair value hierarchy based on a three-level measurement category as follows. The inputs used for determining the fair value of the asset or liability may be allocated to different levels within the fair value hierarchy. If the inputs used to measure fair value are categorised into different levels of the fair value hierarchy, the fair value measurement is categorised in its entirety in the level of the lowest level input that is significant to the entire measurement. It requires careful consideration to assess how significant a specific input is to the entire measurement, in the course of which factors applicable to assets or liabilities must be taken into account. Measurement level 1:quoted, usually stock exchange prices in active markets for homogeneous assets or liabilities that the Company can access at the measurement date. Measurement level 2:measurement containing inputs other than quoted market prices that are observable for the asset or liability, either directly or indirectly. Measurement level 3:measurement that also uses inputs not directly observable for the asset or liability. The Company possesses the following financial assets and liabilities: Financial assets and balances:

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 124 Designation 31 December 2023 31 December 2022 Other receivables and prepayments and accrued income - 34 Cash and cash equivalents 9 4 Restricted cash 665 485 Receivables from subsidiaries 2 037 1 732 Total 2 711 2 255 Financial liabilities and balances: Designation 31 December 2023 31 December 2022 Bank loans 10 149 10 848 Deferred payment of acquisition 4 014 4 529 Intercompany short-term liabilities 3 593 1 983 Other short-term liabilities 489 1 Total 18 245 17 361 The individual instruments are positioned in the fair value hierarchy as follows: Designation 31 December 2023 31 December 2022 Measurement level 1 Measurement level 2 Measurement level 3 Measurement level 1 Measurement level 2 Measurement level 3 Financial assets - - - - - - Receivables from related companies - - 2 037 - - 1 732 Other receivables and prepayments and accrued income - - - - - 34 Restricted cash 665 - 485 Cash and cash equivalents 9 - - 4 - - Total (assets) 674 - 2 037 489 - 1 766 Financial liabilities - - - - - - Bank loans - - 10 149 10 848 Deferred payment of acquisition - - 4 014 4 529 Intercompany short-term liabilities - - 3 593 1 983 Other liabilities - - 489 - - 1 Total (liabilities) - - 18 245 - - 17 361 As no financial instruments recognised at amortised cost were derecognised (only repayment took place), the net profit and loss do not include any value in this regard.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 125 5 Other disclosures 5.1 Transactions with related parties The details of the transactions between the Company and other related parties are described below. The key managers of the Company also qualify as related parties. The Company’s subsidiaries qualify as affiliated companies. Information on the balances outstanding vis-à-vis these parties are provided in Note 4.4 and 4.13 to the financial statements. The Company had no business relation with other related party outside the scope of consolidation. The members of the Governing Board and of the Audit Committee are related parties. The members of the Governing Board received the following remuneration during the financial year. Designation Governing Board Audit Committee Total Wages 6 - 6 Benefits 2 - 2 Total 8 - 8 Emoluments and wages were recognised as part of the allowances. 5.2 Dividends paid In 2023, the Company did not pay any dividends, and the Governing Board does not propose to the General Meeting the calculation and the payment of dividends for 2023 either. 5.3 Description of risks and sensitivity analysis Through its activities the Company is exposed to risks relating to the changes in market and financial conditions. These changes may have an impact on the profit as well as on the value of the assets and liabilities. The purpose of financial risk management is to continuously mitigate risks through operative and financing measures. Market risk The Company pursues activity also in foreign currency, which carried the risks arising from the change in foreign exchange rates. The foreign currency transactions appear primarily through the transactions carried out with the Company’s French subsidiary, i.e. ALQ SAS. The functional currency of the ALQ SAS is euro. Interest rate risk is the risk that future cash flows from certain financial assets and liabilities may fluctuate due to the changes in market interest rates. The Company dynamically analyses its interest rate exposure and calculates the impact of defined interest rate fluctuations on profit or loss by simulating different scenarios. The Company identified interest rate risk as its current risk.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 126 Impact of the change in interest income on profit or loss. Reporting year’s data Interest rate change of 1 percentage point Interest rate change of 5 percentage points Interest rate change of 10 percentage points Net profit and loss (200) (180) (78) 126 Interest income 63 83 185 389 Current year value of interest-bearing assets 2 046 2 037 2 037 2 037 Receivables from subsidiaries 2 037 2 037 2 037 2 037 Cash and cash equivalents 9 2 037 2 037 2 037 Average interest rate 3,079% 4,079% 9,079% 19,079% Interest rate change 32,48% 194,86% 519,62% Change in profit or loss -10,05% -60,97% -162,82% Based on the analysis the following conclusions may be drawn:  A 1% change in the average interest rate would result in a change of -10.05 % in net profit or loss.  A 5% change in the average interest rate would result in a change of -60.97 % in net profit or loss.  A 10% change in the average interest rate would result in a change of -162.82 % in net profit or loss. Impact of the change in interest expenditure on profit or loss. Figures of the reporting year Interest rate change of 1 percentage point Interest rate change of 5 percentage point Interest rate change of 10 percentage point Profit or loss before tax (200) (342) (912) (1 623) Interest expenditure 614 756 1 326 2 037 Amount of interest-bearing liabilities 14 231 14 231 14 231 14 231 Bank loans 10 149 10 149 10 149 10 149 Short-term liabilities from subsidiaries 3 593 3 593 3 593 3 593 Short-term liabilities from other company 489 489 489 489 Average interest rate 4% 5% 9% 14% Interest rate change 23% 116% 232% Impact of the change in interest expenditure on profit or loss 71,15% 355,77% 711,55% Based on the foregoing:  A 1% change in the average interest rate would result in a change of 23 % in net profit or loss,  A 5% change in the average interest rate would result in a change of 116 % in net profit or loss,  A 10% change in the average interest rate would result in a change of 232 % in net profit or loss.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 127 Credit risk Credit risk is the risk that a debtor defaults on its contractual obligations, which may cause a financial loss to the Company. The credit risk assessment focused on the analysis of trade receivables whose balance was HUF zero on 31 December 2023. There is no specific practice for the management of credit risk, the company manages risk-related cases on an individual basis in the course of continuous monitoring. Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations. The management of liquidity risk falls within the competence of the Governing Board. The Company manages its liquidity risk by keeping a proper level of reserves and stand-by borrowing facilities, by continuously monitoring its planned and actual cash flow figures as well as by reconciling the maturity dates of financial assets and liabilities. The liquidity analysis shows the following maturity dates: 31/12/2023 Expired Due within 1 year Due within 1-5 years Liquid over 5 years or in certain situations Total Of which: interest Cash and cash equivalents - 9 - - 9 - Restricted cash 665 665 Loan granted to subsidiaries and other affiliated companies - 2 037 - 2 037 60 Investment properties - - - 3 434 3 434 - Investment in subsidiaries - - - 20 998 20 998 - Other receivables and prepayments and accrued income - 45 - - 45 - Financial receivables - 2 091 - 25 097 27 188 60 31/12/2023 Expired Due within 1 year Due within 1-5 years Liquid over 5 years or in certain situations Total Of which: interest Tax and other short-term liabilities - 577 - - 577 - Income tax liability - 2 - - 2 - Trade accounts payable - 2 785 - - 2 785 - Bank loans - 714 2 871 6 564 10 149 - Intercompany short-term liabilities - 3 593 - - 3 593 - Deferred tax - - 282 - 282 - Deferred payment of acquisition - - 4 014 - 4 014 - Equity - - - 5 786 5 786 - Financial liabilities - 7 671 7 167 12 350 27 188 - Difference between financial assets and liabilities - (5 580) (12 747) (0) (0) 60

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 128 Previous year’s comparative figures: 31/12/2022 Expired Due within 1 year Due within 1-5 years Liquid over 5 years or in certain situations Total Of which: interest Cash and cash equivalents - 4 - - 4 - Restricted cash 485 485 Loan granted to subsidiaries and other affiliated companies - 1 732 - - 1 732 - Investment properties - - - 85 85 - Investment in subsidiaries - - - 20 904 20 904 - Other receivables and prepayments and accrued income - 34 - - 34 - Financial receivables - 1 770 - 21 474 23 244 - 31/12/2022 Expired Due within 1 year Due within 1-5 years Due over 5 years or in certain situations Total Of which: interest Tax and other short-term liabilities - 1 - - 1 - Income tax liability - 1 - - 1 - Bank loans - 699 2 974 7 175 10 848 - Intercompany short-term liabilities - 1 983 - - 1 983 - Deferred tax - - 276 - 276 - Deferred payment of acquisition - - 4 529 - 4 529 - Equity - - - 5 606 5 606 - Financial liabilities - 2 684 7 779 12 781 23 244 - Difference between financial assets and liabilities - (914) (7 779) - - - Risks related to the war between Russia and the Ukraine The management examined whether the war between Russia and the Ukraine, that started at the end of February 2022, had an impact on the course of business of the Company and did not identify any fact which would significantly increase the financial situation of the Company. 5.4 Disclosures due to interests in other entities The Company faced no uncertainty and did not have to decide on any difficult question when considering how to manage its investments. The Company only has subsidiaries. The Company does not have to face any restriction with regard to any of its enterprises that would affect access to the net assets, to the result or to the cash flow. The Company has no consolidated or non-consolidated interests where control cannot be established on the basis of the voting rights or where the voting rights do not serve the management of relevant activities leading to control (structured entities). No members of the Group qualify as investment companies, and they have no share in such.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 129 5.5 Equity reconciliation table Section 114/B of the Accounting Act prescribes that companies reporting on the basis of IFRS should publish their equity reconciliation table for each period. The reconciled value of the equity is as follows on 31 December 2023: Equity according to IFRS Equity according to IFRS (difference between assets and liabilities under IFRS) 5 786 + supplementary contribution received stated under IFRS as liability - - supplementary contribution paid stated under IFRS as asset - + cash received to be transferred to capital, when it is deferred income (IFRS) - + value of assets received, when it is deferred income (IFRS) - - capital increase generating capital instrument, when it had to be recognised as receivables from shareholders (IFRS) - Equity (reconciled) 5 786 Based on the reconciliation, the individual components of the equity are as follows: Subscribed capital under IFRS Subscribed capital stated in the Articles of Association corresponds to the capital registered by the Company Court 834 Subscribed, unpaid capital Subscribed, unpaid capital - Appropriated reserves Supplementary contribution received Limit due to treasury share Unutilised development reserve, adjusted for deferred tax 0 Appropriated reserves 0 Retained earnings Non-distributed profit or loss after tax from previous years under IFRS (553) +/- amounts credited or debited to accumulated profit or loss under IFRS - - Supplementary contribution paid, stated as asset - - Unutilised development reserve, adjusted for deferred tax - + Closing balance of retained earnings in the year before the transition, adjusted for transition corrections 225 Retained earnings (328)

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 130 Profit or loss after tax After tax profit or loss, Section 114/A point 9 of the Accounting Act (200) Revaluation reserve Accumulated amount of items recognised in other comprehensive income - Capital reserve Reconciled equity 5 786 - Subscribed capital under IFRS (834) - Subscribed, unpaid capital - - Retained earnings 328 – Profit or loss after tax 200 – Appropriated reserves - – Revaluation reserve - Capital reserves (reconciled) 5 480 Equity resulting from the reconciliation: Reconciled equity (in accordance with Section 114/B of the Accounting Act) Subscribed capital 834 Subscribed, unpaid capital - Capital reserve 5 480 Retained earnings (328) Appropriated reserves - Revaluation reserve - Profit or loss after tax (200) Total equity (reconciled) 5 786 Retained earnings available for dividend payment (according to Section 114/B (5)b) of the Accounting Act) Retained earnings (reconciled) (328) After tax profit or loss for the year (200) Dividend amount voted by NEO Property Services Zrt. on March 27, 2024 (according to Section 39 (3a) of the Accounting Act) 677 Retained earnings available for dividend payment 149 5.6 Statements The Separate Financial Statements, which have been prepared in accordance with the applicable accounting standards and to the best of our ability, give a true and fair view of the liabilities, financial position and profit or loss, development and performance of AKKO Invest Plc, describing the key risks and uncertainties.

Separate Financial Statements of AKKO INVEST PLC. prepared in accordance with the IFRS for the financial year ending on 31 December 2023 All the figures are stated in HUF million unless otherwise indicated. 131 5.7 Material events after the Reporting Period The Company identified the following significant events after the balance sheet date. However, as those are not amending events, they have no impact on the numerical sections of the statements:  NEO Property Services Zrt. decided on a dividend payment to AKKO Invest Plc. on March 27, 2024, amounting to HUF 677,483,000. 5.8 Authorisation of the publication of the financial statements The General Meeting of Akko Invest Plc and its Governing Board and Audit Committee approved the Company’s separate financial statements prepared in accordance with the International Financial Reporting Standards (IFRS) for 2023 and authorised the publication of those at its meeting held on 28 March 2024. Budapest, 28 March 2024 On behalf of AKKO Invest Plc. ……………………………………… Zoltán Prutkay chairman of the Governing Board ……………………………………… Imre Attila Horváth vice-chairman of the Governing Board