First quarter –1 January - 31 March 2026
Turnover amounted to SEK 9,309 thousand (9,706).
Unrealised changes in the value of properties amounted to SEK 134 thousand (-13,925).
Operating profit was SEK -33,166 thousand (-43,443).
Net financial items amounted to SEK -12,204 thousand (23,919).
Profit/loss before tax was SEK -45,370 (-19,524) thousand, and profit/loss after tax amounted to SEK -48,009 (-11,824) thousand.
Profit/loss attributable to owners of the parent company amounted to SEK -45,399 thousand (-9,438) corresponding to SEK -0.10 (-0.02) per share.

EVENTS DURING THE REPORTING PERIOD 1 January - 31 March 2026
The special examination initiated in 2024 was concluded in January 2026.

During the first quarter of 2026, work within Accyourate continued with a focus on operational readiness, industrialisation and commercialisation in line with the Business Plan adopted in 2025.

Within Asset Development, preparatory work continued for the NEO project at the new Dr António Agostinho Neto International Airport in Luanda, including ongoing planning ahead of construction start in 2026, subject to final design, permitting and project financing.

On 27 January 2026, Crown Energy entered into definitive agreements with ND Industrial Investments B.V. (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.

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 agreement with a corporate customer.

EVENTS AFTER THE REPORTING PERIOD
After the reporting period, Crown Energy has been served with documents relating to a European payment order initiated by PartPro S.r.l., a subsidiary of Proger S.p.A., in a court in Italy. The claim amounts to EUR 5 million and relates to part of the previously reported outstanding liability in SmarTee attributable to former shareholders of Accyourate Group. Crown Energy disputes the claim and challenges its validity on both procedural and substantive grounds.

After the reporting period, Crown Energy also entered into an amendment agreement with the seller of SmarTee regarding the remaining purchase price for the acquisition of 85 percent of SmarTee S.à r.l. The amendment agreement means that no further payments shall be made before 3 February 2027, and that the majority of the remaining amount has been deferred and linked to certain defined future events.

Dear Shareholders and Investors
The first quarter of 2026 reflected continued progress in Crown Energy's strategic transition. Our focus is clear: to build long-term shareholder value through a disciplined asset development platform in Angola and by advancing our healthtech investment in Accyourate toward commercial scale-up.

In Angola, we continued preparatory work for the NEO project at the new Dr António Agostinho Neto International Airport in Luanda. NEO represents the largest investment in Crown Energy's history in Angola and forms the foundation for a long-term development platform within the Airport City zone, offering modern accommodation and office solutions in direct proximity to the new airport. It is also a market where I have been present for nearly three decades, and where that depth of relationship gives us the operational knowledge and local standing that take years to build.

Within Accyourate, the focus through the quarter was on operational readiness, industrialisation and commercialisation, in line with the Business Plan adopted in 2025. On 27 January, Crown Energy concluded definitive agreements with ND Industrial Investments B.V. (ND Group) and North Star Capital (NSC) regarding the strategic partnership for Accyourate's commercial rollout. Bringing experienced commercial partners into the structure reflects a deliberate shift in phase, from technical development to market execution – and reinforces the positioning of Accyourate as a platform for continuous, clinical-grade health monitoring, delivering the physiological data and insights that enable early risk detection and improved health outcomes at scale.

Following the close of the quarter, Crown Energy also entered into an amendment agreement with the seller of SmarTee regarding the remaining purchase price for the acquisition. The amendment defers the majority of the remaining amount, links it to defined future events, and establishes that no further payments will be made before 3 February 2027. This provides the Company with greater financial flexibility and allows management to direct its attention toward Accyourate's commercialisation and the next phase of value creation.

Crown Energy enters the remainder of 2026 with increased operational clarity, strengthened financial flexibility and continued focus on execution. With long-term development initiatives in Angola, a strengthened commercial partnership around Accyourate, and an improved structure for the remaining SmarTee consideration, the foundations for sustainable value creation are in place. We remain committed to building that value through disciplined development and strategic partnerships, and to the long-term conviction that has always been at the core of this work.