Fourth quarter – 1 October - 31 December 2025
Turnover amounted to SEK 8,862 thousand (9,968).
Unrealised changes in the value of properties amounted to SEK -7,406 thousand (40,850).
Operating profit was SEK -50,270 thousand (21,407).
Net financial items amounted to SEK -1,079 thousand (-5,814).
Profit/loss before tax was SEK -51,350 (15,594) thousand, and profit/loss after tax amounted to SEK -47,318 (16,383) thousand.
Profit/loss attributable to owners of the parent company amounted to SEK -44,595 thousand (17,265) corresponding to SEK -0.09 (0.04) per share.

Full year – 1 January - 31 December 2025
Turnover amounted to SEK 37,408 thousand (39,161).
Unrealised changes in the value of properties amounted to SEK -19,900 thousand (60,111).
Operating profit was SEK -142,170 thousand (-27,678).
Net financial items amounted to SEK -4,464 thousand (-10,008).
Profit/loss before tax was SEK -146,634 thousand (-37,686) and profit/loss after tax amounted to SEK
 -130,767 thousand (-29,425).
Profit/loss attributable to owners of the parent company amounted to SEK -121,043 thousand
 (-21,841), corresponding to SEK -0.25 (-0.05) per share.

EVENTS DURING THE REPORTING PERIOD 1 January - 31 December 2025
At an extraordinary general meeting in September 2024, minority shareholders voted to appoint a special examiner. The Swedish Companies Registration Office subsequently appointed the examiner and the review was concluded in January 2026.

During the period Crown Energy received an additional USD 16 million under the October 2021 agreement for the sale of the Company’s oil assets, bringing the total received to USD 139 million.

On 4 July 2025, Crown Energy announced further changes in the management of AccYouRate Group S.p.A., including the departure of CEO and Chairman Boris Tuzza, whose appointment had been announced in April. The Board concluded that a different leadership approach was required to meet the company’s strategic goals. A new management team has been appointed.

On 9 July 2025, Crown Energy announced that its subsidiary AccYouRate Group S.p.A. had been granted a US patent for its sensorized garment technology, which integrates conductive ink electrodes into textiles for continuous monitoring of biomedical signals. The patent strengthens AccYouRate’s intellectual property portfolio and supports its positioning in the digital health and smart textiles markets.

Crown Energy announced changes in the management and Board of Directors. Board member Patrik Fagerholm was appointed Chief Financial Officer effective 1 January 2026 and therefore stepped down from the Board that same date. Former CFO Michail Shatkus continues as Deputy CEO with ongoing responsibilities within the finance function. Crown Energy also announced that Board member Fanny Wallér decided to step down from the Board for personal reasons. She continues to support the Company through consulting services within communication and sustainability.

Crown Energy, through its subsidiary Y.B.E. Imobiliária Angola Lda, signed a 30-year concession agreement with ICB URBE S.A. for the development of the Neo project at the new Dr António Agostinho Neto International Airport in Luanda. The concession covers four land parcels within the Airport City zone and forms the basis for a phased development of corporate accommodation and office facilities. Construction is planned to begin in 2026, subject to final design, permitting and project financing.

Crown Energy entered into a non-binding term sheet with ND Industrial Investments B.V. (ND Group) and approved a new Business Plan for AccYouRate’s commercialization. The partnership marks a significant step in positioning AccYouRate for large-scale market deployment and commercial growth.
 
EVENTS AFTER THE PERIODS END
Crown Energy entered into definitive agreements with ND Group and North Star Capital (NSC), a company owned by Juan Chaparro, regarding the strategic partnership for the commercial rollout of AccYouRate’s next-generation healthtech platform. The partnership marks a significant step in positioning AccYouRate for large-scale market deployment and commercial growth.

After the reporting period, Crown Energy’s subsidiary YBE Imobiliária Angola Lda decided to proceed with a five-year lease of 65 rooms in a newly built hotel near Luanda’s new international airport, following the signing of an initial corporate customer agreement for 10 rooms.

CEO STATEMENT

Dear Shareholders and Investors
The fourth quarter has been characterised by continued execution of our strategy, with important steps taken in both Angola and within AccYouRate. Our focus remains clear: to build long-term shareholder value through a disciplined asset development platform in Angola and the advancement of our healthtech investment toward commercial scale-up.

In Angola, Crown Energy, through our subsidiary Y.B.E. Imobiliária Angola Lda, signed a 30-year concession agreement with ICB URBE S.A. for the development of the Neo project at the new Dr António Agostinho Neto International Airport in Luanda. The concession covers four land parcels within the Airport City zone and provides a strong foundation for a phased development of corporate accommodation and office facilities. Preparatory work is progressing, and construction is planned to begin in 2026, subject to final design, permitting and project financing. We view Neo as a strategically important long-term initiative that strengthens our position at one of Angola’s most significant infrastructure developments and supports future growth within our Asset Development business area.

Within AccYouRate, we continued to advance the path toward commercialisation. During the quarter, we entered into a non-binding term sheet with ND Industrial Investments B.V. (ND Group) and approved a new Business Plan for AccYouRate’s commercial rollout. This was an important step in aligning industrial capacity, execution resources and a clear market plan around AccYouRate’s next development phase.

After the end of the reporting period, this progress was further reinforced through the signing of definitive agreements with ND Group and North Star Capital (NSC), a company owned by Juan Chaparro, regarding the strategic partnership for the commercial rollout of AccYouRate’s next-generation healthtech platform. These definitive agreements represent a meaningful milestone and further strengthen AccYouRate’s readiness for large-scale market deployment and commercial growth.

Also after the reporting period, our subsidiary YBE Imobiliária Angola Lda decided to proceed with a five-year lease of 65 rooms in a newly built hotel near Luanda’s new international airport, following the signing of an initial corporate customer agreement for 10 rooms. This is a concrete example of our ability to convert infrastructure-driven demand into contracted occupancy and scalable growth opportunities.

We enter the coming period with a stronger platform and increased clarity in our two strategic focus areas. With long-term development rights secured at the airport zone in Luanda, and a reinforced partnership structure around AccYouRate’s commercial launch, Crown Energy is well positioned to continue building sustainable value for shareholders, partners and the markets and communities where we operate.

Yoav Ben-Eli
CEO, Crown Energy