65% higher revenues for IMPACT in the first half of the year

• In the first half of the year, IMPACT generated revenues of 98 million lei, up 65% compared to the first half of last year.
• IMPACT had 353 units pre-sold as of June 30, 2024, with a total value of 199 million lei.
• As of June 30, 2024, IMPACT had a building permit for 2,693 units, with an estimated market value of 1.9 billion lei.

Bucharest, 21st of August, 2024: IMPACT Developer & Contractor S.A. ("Impact") (ticker symbol IMP), the first real estate developer listed on the Bucharest Stock Exchange, achieved revenues of 98 million lei at group level in the first semester of 2024, up 65% compared to the same period last year. The gross profit recorded is 30.9 million lei, 68% higher than in the first half of 2023, while the gross margin increased to 32%.

The increase in revenues is due to the sale of more expensive residential units in the portfolio and the expansion of the activity of the companies in the group. In the first half of 2024, the value of real estate sales increased by 13% compared to the same period last year, from 53.7 million lei to 60.7 million lei.

The LUXURIA Residence compound, located in District 1 of the Capital, had the largest contribution to the revenues from real estate sales. Being 92% sold, it recorded a 23% increase in sales volume, respectively a 46% increase in sales value, compared to the same period last year. The most expensive units sold in this residential compound in the first half of the year were worth 432,000 euro and 575,000 euro.

In BOREAL Plus, the residential compound located in the north of Constanta, sales remained constant, the best-selling units being the two-room apartments (60%).

In GREENFIELD Baneasa, the well-known neighborhood embraced by the forest, a new phase of the project, with 732 apartments, had the reception with the authorities in April and is in the process of being tabulated. Of these, the pre-sold homes are to be handed over to the owners starting this autumn.

As of June 30, 2024, IMPACT had 353 pre-sold and reserved homes, with a package value of 199 million lei. Of these, 332 units will be converted into sales during the year and will generate revenues of 190 million lei. Over 97% of these units are in the new phase of the GREENFIELD Baneasa compound.

The market value of the IMPACT group's net assets as of June 30, 2024 is RON 1.27 billion, and the debt ratio remained stable at 29%.

As of June 30, 2024, IMPACT had building permits for 2,693 units in Bucharest, Iasi and Constanta, with an estimated market value of RON 1.9 billion. Of these, 732 units in GREENFIELD Baneasa have already had the reception with the authorities in April.