[Disclosure] First Quarterly Report of Picasso City Garden Development Plc. in 2026 (Unofficial Translation)

In the first quarter of 2026, the revenue from Condominium decreased by 3,012,750 Thousand Riels compared to Q1 2025. This decrease was mainly due to no condominium unit handovers being recognized during the quarter, whereas revenue in Q1 2025 was generated from the handover of units under Project Picasso City Garden (Project I). In addition, Project Picasso Sky Gemme (Project II) remains in the pre-sale stage. Therefore, revenue recognition has not yet commenced during the period.

The significant indicators in the First Quarter of 2026 are as follows:

– Current Ratio: 1.12 Times

– Quick Ratio: 1.01 Times

– Return on Assets: -2.90%

– Return on Equity: -10.32%

– Gross Profit margin: 0.00%

– Profit Margin: 0.00%

– Earnings per Share: -28.13 Riels

– Interest Coverage Ratio: 4.03 Times