Extrafin SpA: APPROVAL OF FINANCIAL STATEMENTS AS OF 12/31/2024 AND APPOINTMENT OF NEW DIRECTOR

Udine (pta024/13.06.2025/13:15 UTC+2)

Udine (UD), 06/10/2025 – Extrafin S.p.A. ("Extrafin" or the "Company") informs that, on 05 May 2025, the ordinary shareholders' meeting unanimously approved the financial statements as of 12/31/2024 prepared and processed by the Administrative Body of the Company. The valuation of the financial statement items was carried out taking into account the principle of prudence and with a view to the continuation of the business, as well as taking into account the principle of prevalence of the economic substance, of the asset and liability element considered, over the legal form. Each balance sheet item follows the new principle of relevance derived from Directive 2013/34 according to which "the state of the information is relevant when its omission or incorrect indication could reasonably influence the decisions taken by users on the basis of the company's financial statements". The postulate of economic competence has also been followed, according to which the effect of the transactions and other events has been recorded in the accounts and attributed to the financial year to which such transactions and events refer, and not to the year in which the related financial movements materialize. The main consolidated economic and financial data deducible from the balance sheet tables are presented below in summary form.

In the 2024 financial year, turnover suffered a drastic reduction compared to the previous year. This trend is mainly attributable to the failure to start the activities related to the project to create the Fintech Hub, planned within the owned hotel structure, located in the municipality of Ruffré-Mendola. The failure of the Equity Crowdfunding campaign, promoted through the Opstart.it platform, together with the failure of new members to join, prevented the completion of the renovation and modernization works of the structure. Despite the negative economic result, the company's net equity recorded an increase of 22.84% compared to the previous financial year, confirming a solid capital structure, even considering the value of the properties at historical cost and not at the real market value. The Company maintains an adequate level of financial reliability, as attested by the absence of negativity in the reports of the Central Risk Office of the Bank of Italy and by the regularity of the Single Document of Contribution Regularity (DURC). The operating result shows a loss of -€95,315 compared to the profit of €1,820 recorded at 31.12.2023.

In the same meeting, a new Board Member was appointed in the person of Marco Battaglini who was entrusted with the task of starting new activities in the sector of innovation, sustainability and digitalization of companies, with the aim of guaranteeing the Company a higher turnover, considering that the objective of a strong capitalization of the same has now been achieved.

Company contacts

Head of Regulators' Office - relations with institutions | Mail: regulators.office@extrafin.it

Head of Investor Relations - relations with shareholders | Mail: ufficiotitoli@extrafin.it

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Emitter:	Extrafin SpA Via Stiria 45 - Centro Partigross 33100 Udine Italy
Contact Person:	Luigi Romano
Phone:	+39 351 6031719
E-Mail:	regulators.office@extrafin.it
Website:	www.extrafin.it
ISIN(s):	IT0005355216 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Vienna MTF)