Kommunalkredit Group Half Year Financial Report 2026

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INFRA BANKING EXPERTS Half Year Financial Report of Kommunalkredit Group 2026

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2 Kommunalkredit is a pan-European Infrastructure & Energy bank with a strong presence in Central and Eastern Europe. Active across the core sectors Energy & Environment, Communication & Digitalization, Transport and Social Infrastructure, the bank enables essential infrastructure projects for communities that strengthen European resilience, support sustainable growth, and accelerate the green and industrial transition. The bank specializes in complex mid-market trans- actions, combining advisory, lending, distribution and investment to deliver financing solutions beyond standard lending approaches. Since 2020, Kommunalkredit has enabled EUR 12.5 billion in new Infrastructure and Energy financing. The bank’s majority shareholder is Altor, a European private equity firm focused on innovation and the green transition, with more than EUR 12 billion raised since inception. KOMMUNALKREDIT. Infra Banking Experts.

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3 HALF YEAR FINANCIAL REPORT OF KOMMUNALKREDIT GROUP 2026

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44 Owner and Publisher Self-published by Kommunalkredit Austria AG Tuerkenstrasse 9, 1090 Vienna, Austria Phone: +43 1 31631 www.kommunalkredit.at Corporate Communication & Marketing communication@kommunalkredit.at Phone: +43 1 31631 593 Investor Relations investorrelations@kommunalkredit.at Phone: +43 1 31631 415 Vienna, August 2026 Layout Rosebud Dechant Graﬁsche Arbeiten Proofreading and translation Male Huber Friends Photos Adobe Stock (4, 5, 19, 34), Adobe Stock (Maps (c) vukrytas), Adobe Stock (Icons (c) vukrytas, rawku5, waseem, Cetacon, flaticon, peacefully7, Panuwat, davvodda, TheNounProject), Adobe Stock (Flags (c) jehafo, Porcupen), Rosebud x AI. Image created by Rosebud using AI-assisted generative processes (5, 6, 11, 14, 32, 38, 42), WU Wien L C (11)

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Infra Banking Experts International reach. Sector focus. Core markets and sectors Spotlight on H1 2026 Key facts and ﬁgures Management Report Economic environment Business review Assets, financial position, and income Other material disclosures Outlook 08 12 16 20 28 31 33 5 Financials Consolidated interim financial statements of Kommunalkredit Group for the first half of 2026 Consolidated statement of ﬁnancial position Consolidated income statement Consolidated statement of comprehensive income Consolidated statement of changes in equity Consolidated statement of cash ﬂows 36 37 39 40 43 Selected explanatory notes on the condensed interim consolidated ﬁnancial statements 44 Statement by the legal representatives 58 Report on the review of the condensed interim consolidated ﬁnancial statements 59

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6 INFRA BANKING EXPERTS

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7 INFRA BANKING EXPERTS International reach. Sector focus. Spotlight on H1 2026 08 12

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8 INFRA BANKING EXPERTS INTERNATIONAL REACH Centered in the heart of Europe, we bring our expertise across the entire continent, which consistently represents one of the world‘s most dynamic regions for infrastructure investment. From sustainable energy supply and modern transport networks to crucial social infrastructure, thereby contributing decisivly to improving people‘s lives and fostering economic prosperity. OUR TARGET MARKETS OUR OFFICES

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XXX CORE MARKETS AND SECTORS 9 9 FRANKFURT VIENNA

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10 INFRA BANKING EXPERTS SECTOR FOCUS Efficient infrastructure is a key prerequisite for sustainable eco- nomic development. Through our specialized financing solutions and comprehensive advisory services, we contribute to the effi- cient and economically viable implementation of forward-looking infrastructure projects. Two financing pillars for greater resilience With a client base spanning both private and public institutions, Kommunalkredit combines the agility of the private sector with the stability of public debt. This balanced approach strength- ens the bank’s resilience, ensuring long-term stability across its diverse portfolio. Portfolio by borrower 73% Private Debt The enormous investment needs of European infrastructure cannot be met by the public sector alone. The majority of our business evolves around enabling financing for private corporates and utilities as well as pri- vate project financing. EUR 6.8bn 27% Public Debt Around 27% of our portfolio consists of public sector projects in Austria and across Europe focusing on projects such as building and refurbishment of nurseries and schools, expansion of wa- ter supply and wastewater systems as well as municipal housing. Private Debt Public Debt

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CORE MARKETS AND SECTORS 11 Energy & Environment Energy supply Renewable energy Water supply Waste management Hydrogen LNG terminals Pipelines Energy storage Communication & Digitalization Data centers Broadband fiber, connectivity solutions Telecom, broadcasting towers Transport Roads, bridges, tunnels Airports Ports, waterways Rail transport Public transport Specialized logistics solutions (cold storage etc.) Social Infrastructure Hospitals, care homes Modular space, building solutions Digital diagnostics, health- care infrastructure, medical equipment Nurseries, schools, universities, public adminis- tration buildings

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12 SPOTLIGHT ON H1 2026 EUR >1.0bn New business volume in H1 2026 (excl. Public Finance1) +60% New business volume vs. H1 2025 (excl. Public Finance) SELECTED PERFORMANCE INDICATORS in EUR m or % Net interest income Operating result* Impairment and valuation gains/losses** Profit for the period before tax Profit for the period after tax Cost-income ratio*** Return on equity after tax CET1-Ratio (of Kommunalkredit Austria AG under AT GAAP) H1 2022 H1 2023 H1 2024 H1 2025 H1 2026 IFRS 53.8 40.0 12.1 52.1 39.1 42% 22.7% 14.7% 81.8 52.1 3.2 55.3 41.7 42% 20.8% 15.2% 89.5 61.5 0.8 62.3 47.1 39% 18.7% 15.5% 85.1 65.3 -11.7 53.6 41.5 38% 12.1% 17.8% 78.8 50.7 -49.1 1.6 1.4 44% 0.4% 15.5% * ** *** 1 Profit of the year before tax under IFRS, before impairment losses and valuation gains/losses. Excluding gains and losses from disposals of debt instruments measured at FVOCI, which are considered part of operating business activities. Result from subsidiary KPC (cost plus model) netted in CIR calculation to provide a fair view on efficiency of the group. EUR >1.1 bn incl. Public Finance

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KEY FACTS AND FIGURES 13 27 Number of transactions (Record H1 deal count, excl. Public Finance2) <45% Cost-income ratio EUR 500m Benchmark-covered bond BBB↘︎ S&P Global Ratings Long-term issuer credit rating +50% Number of transactions vs. H1 2025 (excl. Public Finance) 15.5% CET1-ratio AA+↘︎ S&P Global Ratings Covered bond rating (Upgrade by 2 notches as of 29/01/2026) BBB Average internal rating of overall portfolio3 EUR 1.4m EUR 50.7m Profit after tax according to IFRS Operating result4 30 transactions incl. Public Finance Equivalent to the S&P rating scale Profit of the year before tax under IFRS, before impairment losses 2 3 4 and valuation gains/losses

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14 MANAGEMENT REPORT

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15 MANAGEMENT REPORT Economic environment Business review Assets, financial position, and income Other material disclosures Outlook 16 20 28 31 33

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16 MANAGEMENT REPORT Economic environment The first half of 2026 was characterized by a resilient but volatile macroeconomic envi- ronment. Long-term megatrends such as the energy transition, digitalization and artifi- cial intelligence continued to drive infrastructure investment needs across Europe. With financing markets remaining supportive and stable institutional frameworks in place, Eu- rope remained one of the world’s most attractive infrastructure investment markets. The first half of 2026 was characterized by a resilient but vola- tile macroeconomic environment with elevated geopolitical un- certainty, volatile energy markets and moderate growth expec- tations. Despite ongoing volatility in interest rate environment, financing markets remained supportive across Europe’s infra- structure sector. The war involving the United States, Israel and Iran reinforced Europe’s strategic need to strengthen energy se- curity and reduce its dependence on external energy supplies. While geopolitical uncertainty and increased supply chain pres- sure persisted, long-term structural trends, including the need for energy transition, digitalization, infrastructure resilience and ongoing demographic change, continued to drive demand for in- frastructure investment. Although global growth remained different from one region to another, Europe continued to represent one of the world’s lar- gest and most attractive infrastructure investment market. Stable institutional frameworks, ambitious public investment programs and increasing private capital participation continued to support long-term infrastructure development. Europe accelerates infrastructure investment Public investment programs and private capital continued to sup- port Europe’s infrastructure transformation during the first half of 2026. Governments placed greater emphasis on strengthening energy security, industrial competitiveness and economic resil- ience, while investment remained concentrated on renewable energy, electricity grids, digital infrastructure, transport networks and social infrastructure. Recent European policy initiatives, in- cluding the Clean Industrial Deal and the proposed European Grids Package, further underscore the scale of investment re- quired to strengthen Europe’s competitiveness, energy security and decarbonization. These structural investment priorities continue to generate sig- nificant long-term financing needs across Kommunalkredit’s core markets, as the scale of Europe’s infrastructure investment re- quirements exceeds the capacity of public funding alone. Thus, private capital is expected to play an increasingly important role in financing Europe’s infrastructure transformation. Institutional investors continue to view European infrastructure as an attrac- tive long-term investment opportunity, supported by stable reg- ulatory frameworks, predictable cash flows and structural growth drivers. GDP growth in %1 Source: OECD ■ 2024 ■ 2025 ■ 2026 1 OECD: Economic Outlook, Issue 1, June 2026. An adjustment to the measure- ment method may lead to changes in comparative values from the past. 6 5 4 3 2 1 0 3.4 3.4 2.8 3.4 3.3 3.0 2.8 2.1 2.0 1.4 0.9 0.8 Global G20 Eurozone USA China 5.0 5.0 4.5

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ECONOMIC ENVIRONMENT 17 Europe’s biggest infrastructure markets in H1 20262 by investment volume Great Britain Italy* Germany* EUR 75bn EUR 25bn EUR 19bn Spain* France* Sweden EUR 15bn EUR 14bn EUR 11bn Netherlands* EUR 7bn Ireland* EUR 7bn Belgium* EUR 5bn * Eurozone In the first half of 2026, investment activity shifted increasing- ly from greenfield developments towards brownfield and M&A transactions. Brownfield transaction volumes had already reached around 60% of the full-year 2025 level by mid-year2, reflecting strong investor demand for operational infrastructure assets with established cash flows. At the same time, greenfield investments remained constrained by longer development timelines, permit- ting procedures and grid connection bottlenecks. Infrastructure financing markets remain favorable Financing markets remained favorable to infrastructure projects during the reporting period. Compared with the previous year, improved access to financing and increased refinancing activity supported transaction volumes across infrastructure markets. Sponsors increasingly sought to optimize existing financing struc- tures, while financing solutions continued to evolve to provide greater flexibility for future investments and project expansion. Compared with North America, where infrastructure refinancing activity accelerated further during the first half of 2026, Europe- an refinancing volumes moderated from the exceptionally strong refinancing market recorded in 2025 but remained robust overall. European refinancing activity amounted to approximately USD 55 billion during the first half of 2026, following a record full-year volume of USD 142 billion in 2025.2 Competition among capital providers intensifies Competition within the European infrastructure financing market continued to increase throughout the reporting period. Alongside commercial banks and development finance institutions, infra- structure debt funds, private credit funds, pension and insurance companies and alternative asset managers further expanded their presence in the market. Supported by significant institutional cap- ital commitments – particularly from North American investors – these players increasingly compete with traditional banks for at- tractive infrastructure assets, especially refinancing opportunities of operational projects. The growing diversity of financing sources improved access to capital for project sponsors while increasing competition for high-quality transactions. Energy transition remains the largest investment driver Europe’s energy transition continued to generate significant in- vestment opportunities across renewable generation, electrifi- cation infrastructure, battery storage and energy efficiency. As electrification accelerates across industry, mobility, heating and digital infrastructure, electricity networks have emerged as a critical investment priority. Grid expansion, storage, and system flexibility are increasingly required to unlock renewable genera- tion capacity and maintain Europe’s long-term competitiveness. 2 Infralogic database, 06/2026. An adjustment to the measurement method may lead to changes in comparative values from the past.

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18 MANAGEMENT REPORT According to market estimates, more than 800 GW of renew- able generation capacity across the key European markets Spain, France, Italy and the UK alone is currently awaiting grid connec- tion.3 As a result, investor focus is increasingly shifting from re- newable generation itself to the enabling infrastructure needed to integrate growing volumes of clean electricity into the energy system, including transmission and distribution networks, energy storage, and system integration. The need to strengthen Europe’s energy resilience and reduce de- pendency on fossil fuels accelerates investment activity across the sector. Continued geopolitical tensions, including the conflict in the Middle East, heightened concerns about energy security and fossil fuel price volatility, reinforcing Europe’s strategic objective of greater energy independence. Together, these developments are expected to sustain long-term investment across the entire energy value chain – from renewable generation to grids, storage and flexibility solutions – supporting a secure, competitive and resilient European energy system. AI drives the next wave of digital infrastructure Artificial intelligence continued to reshape investment priorities across Europe’s digital infrastructure landscape. While Europe continues to develop a strong research base and highly skilled AI talent, further investment in digital infrastructure, computing capacity and growth capital will be essential to strengthen its long- term competitiveness. The rapid expansion of AI-driven computing capacity is increas- ingly linking digital infrastructure investment with broader energy infrastructure requirements. Data centers are becoming signifi- cant drivers of electricity demand, creating additional investment opportunities across both digital and energy infrastructure – in- cluding power generation, electricity networks, storage, fiber con- nectivity and system flexibility. As digital infrastructure becomes more integrated with the energy system, investment decisions increasingly require coordinated planning across both sectors. Market forecasts indicate that global data center capacity could increase from around 60 GW in 2024 to between 200 GW and 300 GW by 2030.4 This unprecedented expansion is expected to substantially increase demand for electricity generation – ideal- ly from renewable energy sources –, grid expansion and system flexibility, further reinforcing the growing convergence between Europe’s digital and energy infrastructure. At the same time, market dynamics continued to diverge across digital infrastructure segments. While investment activity re- mained strong for data centers and AI-related infrastructure, broadband markets – particularly in Germany and the UK – con- tinued to face consolidation following a period of aggressive net- work expansion, intense competition and slower-than-expected customer uptake. The market shifted its focus toward scale, oper- ational execution and capital discipline over network expansion, while attractive investment opportunities remained in selected European markets with more supportive regulatory frameworks and healthier competitive dynamics. As a result, capital allocation 3 Aurora Energy Research, “The State of European Power Grids: A Meta-Analysis”, 12/2025. 4 McKinsey Data Center Demand Model as of 10/2024. became increasingly selective, with investors prioritizing scalable, high-quality digital infrastructure assets capable of generating re- silient long-term cash flows. Against this backdrop, financing conditions remain challenging for parts of the European fiber market. Cost inflation during net- work roll-out, increasing competitive pressure from overlapping infrastructure deployment, and differing regulatory frameworks continue to weigh on project economics and drive restructuring activities across several European markets. Social infrastructure demand remains strong Demographic change, urbanization and changing healthcare needs strengthen demand for social infrastructure across Eu- rope. Investment remained focused on hospitals, healthcare fa- cilities, elderly care, education infrastructure and public services. In healthcare, investment increasingly extends beyond physical infrastructure to digital healthcare solutions, diagnostics capabil- ities and technology-enabled service delivery models, supporting both quality of care and operational efficiency. The sector contin- ued to benefit from stable long-term demand characteristics and strong public policy support. Transport infrastructure supports Europe's competitiveness Transport infrastructure remained an investment priority across Europe. Governments and private investors continued to mod- ernize airports, rail infrastructure, logistics facilities, ports and sustainable mobility solutions to strengthen European competi- tiveness and improve supply chain resilience. The increasing elec- trification of transport systems also supported further investment in charging infrastructure, grids, battery storage and other related energy infrastructure. Europe's infrastructure transformation continues to create long-term financing opportunities Despite continued geopolitical uncertainty and a challenging glo- bal environment, the long-term investment case for European infrastructure remains compelling. Structural megatrends – including the energy transition, digital- ization, demographic change, artificial intelligence and Europe’s growing focus on resilience and strategic autonomy – continue to generate substantial financing requirements across all core infra- structure sectors. As investment needs increasingly exceed the capacity of public budgets, private capital and specialized infra- structure financing institutions will play an ever more important role in enabling Europe’s infrastructure transformation. This continued evolution of the European infrastructure financing market provides a supportive environment for specialized infra- structure and energy platforms with deep sector expertise, offer- ing integrated financing, debt and M&A advisory, and distribution capabilities for complex infrastructure and energy projects.

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ECONOMIC ENVIRONMENT 19

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20 MANAGEMENT REPORT Business review Kommunalkredit delivered record origination performance in the first half of 2026 while maintaining a strong liquidity position thanks to its strengthened funding platform. Strong operating performance resulted in a positive net result while the bank continued to actively manage its NPL portfolio. This demonstrates the resilience of the bank’s business model and positions it well for sustainable future growth. Resilient operating performance despite more cautious risk stance The first half of 2026 was characterized by continued demand for infrastructure and energy financing across Kommunalkredit’s core markets, supported by Europe’s ongoing investment needs in en- ergy transition, digitalization, transport and social infrastructure. Kommunalkredit reinforced its position as a reputable specialized European infrastructure and energy financing, advisory and asset distribution platform. Indeed, it delivered its strongest first-half origination performance ever in H1 2026, originating more than EUR 1.0 billion of new business (EUR 1.1 billion incl. Public Fi- nance), representing an increase of approximately 60% compared with the first half of 2025. The bank completed a record number of 27 transactions, some 50% more than in the prior-year period. This record level of origination was achieved despite continued geopolitical uncertainty, including the conflict in the Middle East, underscoring the resilience of European infrastructure invest- ment and the continued demand for specialized infrastructure financing. The higher number of transactions, but of smaller ticket size, further enhanced portfolio granularity and supported the bank’s strategy of reducing concentration risk. In line with this develop- ment, Kommunalkredit continued to support a specialized range of infrastructure transactions. Besides renewable energy and transport, client demand continued to expand especially across battery energy storage systems (BESS) and data center projects. Demand also remained strong for flexible bridge financing solu- tions supporting developers and independent power producers (IPPs) during construction and project development phases before New business in H1 2026 excl. Public Finance in % 3% 13% long-term financing structures are established. Clients increasing- ly sought integrated financing solutions combining lending, debt advisory and capital structuring, reflecting the growing complexity of infrastructure transactions. Although the closing of some important mandates will not materi- alize before H2 2026, advisory activities remained strong through- out the reporting period, supporting clients with debt and M&A advisory mandates across multiple infrastructure sectors and complementing the bank’s lending, syndication and investment capabilities. The bank also continued to originate transactions in increasingly specialized infrastructure segments with a value-added or buy- and-build profile, including modular buildings and healthcare infrastructure where specific financing expertise and tailored transaction structures create additional value for clients. Attrac- tive origination opportunities also remained visible across Central and Eastern Europe, particularly in renewable energy and relat- ed energy infrastructure supporting the region’s ongoing energy transition. Compared with the exceptionally strong first half of 2025, oper- ating result5 for the first half of 2026 was lower. This was due to a risk strategy adapted to the current market environment, as well as the one-off effects recognized in other operating income in 2025. Nevertheless, disciplined cost management, despite contin- ued investments in the digitalization of our processes, enabled us 39% Renewable Energy Conventional Energy Water & Environment Communication & Digitalization Transport Social Infrastructure Other H1 2026 EUR 1.0bn 28% 2% 7% 8%

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BUSINESS REVIEW 21 Half-year origination volume in EUR m, excl. Public Finance Half-year deal count in numbers, excl. Public Finance 1,000 900 800 700 600 500 400 300 200 100 0 923 1,013 797 723 632 614 35 30 25 20 15 10 5 0 27 19 18 16 16 12 2021 2022 2023 2024 2025 2026 2021 2022 2023 2024 2025 2026 to keep the cost-income ratio below 45%. The bank thus remains on track to deliver full-year operating result broadly comparable with last year. The combination of robust client activity despite a prudent risk stance, continued portfolio diversification, actively managed and improving portfolio quality, cost discipline and a strengthened funding platform demonstrates the resilience of Kommunalkredit’s business model and positions the bank well for sustainable future growth. Diversified portfolio supporting resilient growth Kommunalkredit continued to maintain a well-diversified portfolio during the first half of 2026. Broad diversification across geogra- phies, borrower types and infrastructure sectors, together with a robust average internal rating equivalent to BBB6, reflects the bank’s disciplined risk management approach. As of 30 June 2026, the proportion of the investment-grade rated portfolio remained high at 56% (31/12/2025: 59%). 5 Profit of the year before tax under IFRS, before impairment losses and valuation gains/losses. 6 Equivalent to the S&P rating scale. Private debt portfolio by sector excl. Public Finance in % 2% 14% 39% 10% 23% EUR 4.4bn 4% 4% 1% 7% Renewable Energy Conventional Energy Water & Environment Natural Resources Communication & Digitalization Transport Social Infrastructure Other

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22 Loan portfolio by region in EUR m, as of 30/06/2026 3,215 3,079 2,695 30/06/2025 31/12/2025 30/06/2026 4% 16% 18% 4% 11% H1 2026 EUR 6.8bn* MANAGEMENT REPORT Austria Eurozone (excl. Austria) Other EU countries Multilateral Non-EU Europe Other 1,255 1,167 1,179 * of which project bonds 5% and disbursement obligations 20% 791 775 731 47% 1,107 963 782 Austria Eurozone (excl. Austria) Other EU countries Multilateral Non-EU Europe Other 243 214 125 196 133 240 21% 14% H1 2026 EUR 6.8bn 9% 3% 4% 3% 34% 9% 3% Loan portfolio by borrower in EUR m, as of 30/06/2026 Sovereigns/sub-sovereigns (Austria) Sovereigns/sub-sovereigns (EU) Sovereigns/sub-sovereigns (third countries) Multilateral institutions Public sector entities Utilities (I&E portfolio) Credit institutions Project finance (I&E portfolio) Companies (I&E portfolio) 30/06/2025 31/12/2025 30/06/2026 962 940 928 2,331 2,226 1,944 1,443 1,218 1,237 610 572 537 673 614 583 243 181 125 243 214 228 196 172 45 183 140 101 Sovereigns/ sub-sovereigns (Austria) Sovereigns/ sub-sovereigns (EU) Sovereigns/ sub-sovereigns (third countries) Multilateral institutions Public sector entities Utilities Credit institutions Project finance Companies 3,000 2,500 2,000 1,750 1,500 1,250 1,000 750 500 250 0 2,250 2,000 1,750 1,500 1,250 1,000 750 500 250 0

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BUSINESS REVIEW 23 Public finance as stable foundation Public finance continued to provide a stable and resilient com- ponent of Kommunalkredit’s overall lending portfolio during the reporting period. The portfolio maintained its strong credit quality while supporting municipalities and public sector entities with long-term financing solutions and contributing to the bank’s di- versified business profile. In the first half of the year, the Austrian public finance sector remained highly competitive. Margins have declined further, so Kommunalkredit has explored investments in core European sub-sovereign assets, including Switzerland. With new business totalling EUR 91.9 million, this asset class, together with the ECA segment, is contributing to the over-collateralization of the cover pool for outstanding covered bond issuances. Active portfolio management continues to improve asset quality Disciplined management of troubled assets was one of Kommu- nalkredit’s strategic priorities during the first half of 2026. Building on the measures initiated in 2025, the bank continued to execute its comprehensive NPL reduction plan while further strengthening its credit processes and risk management capabilities. During the reporting period, Kommunalkredit reinforced its risk organization by expanding its team of risk professionals and es- tablishing a dedicated workout unit focused exclusively on the active management of non-performing exposures. At the same time, the bank continued to pursue a comprehensive program of active portfolio management, including restructuring initiatives and targeted sales of non-performing loans. Despite new NPLs of EUR 94.9 million, the NPL ratio (Non-Performing Loan) reduced to 6.8% (31/12/2025: 7.0%), reflecting the bank’s ac- tive de-risking strategy, including NPL sales, write-offs and restruc- turing measures. As a consequence, cost of risk remained elevat- ed but developed broadly in line with management expectations. Portfolio quality is expected to continue improving as the active NPL reduction plan progresses. Further risk costs are to be expect- ed in this context, but are seen in a declining trend. Consistent with this approach, Kommunalkredit continues to prioritize dis- ciplined underwriting and aims to maintain moderate risk para- meters in new project finance transactions. NPLs 12/2025 in % Restructured Advanced Early/mid-stage NPLs 06/2026 in % 9% 65% 23% 12% 20% Restructured Advanced Early/mid-stage 71%

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24 MANAGEMENT REPORT Fiber exposure is contained and actively managed Kommunalkredit continued to actively manage its exposure to the European fiber and broadband sector throughout the first half of 2026. As of 30 June 2026, broadband fiber exposures amounted to some EUR 619 million, representing approximately 8.0% of the bank’s total portfolio and down by EUR 118 million since June 2025. While market conditions remain challenging in selected European fiber markets, active portfolio management and disciplined un- derwriting continue to support the gradual normalization of the bank’s overall asset quality. Sector split in % of total portfolio incl. bond portfolio 6.7% Banks and Insurance Companies 8.0% Broadband 4.5% Data Center 0.8% Other Communication & Digitalization 36.4% Public Finance EUR 7.7bn Sector split 22.1% Renewable Energy Other 0.6% 8.2% Social Infrastructure 0.6% Conventional Energy 3.8% Water & Environment 2.4% Natural Resources 5.9% Transport

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BUSINESS REVIEW 25 Diversified funding supports sustainable growth During the first half of 2026, Kommunalkredit maintained its di- versified refinancing profile. With the aim of achieving a balanced funding mix between deposits and capital market funding, Kom- munalkredit actively manages both funding sources. In addition to the successful issuance of a EUR 500 million covered bond in April 2026, competitive deposit pricing has resulted in increased volumes. As Kommunalkredit only aims to attract term deposits, this funding channel further contributes to the stable duration of the bank's liabilities. Private placements in the senior preferred segment support the bank’s long-term funding strategy. To further strengthen its capital position, the bank is considering issuing new Additional Tier 1 notes in the second half of 2026. Provided that regulatory approval is granted, Kommunalkredit will use some of the new funds to redeem any outstanding AT1 notes prior to the reset date in November 2026. Retail deposits (KOMMUNALKREDIT INVEST) in EUR m, as of 30/06/2026 Overnight deposits Term deposits Wholesale deposits in EUR m, as of 30/06/2026 Direct business with corporate/institutional customers Deposits from municipalities and public institutions (KOMMUNALKREDIT DIREKT) 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2,123 218 1,964 90 1,829 68 1,756 96 1,287 434 1,905 853 1,874 1,761 1,660 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 1,034 382 922 360 777 190 869 475 652 562 587 796 206 412 590 2022 2023 2024 2025 H1 2026 2022 2023 2024 2025 H1 2026 200 394 0

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26 MANAGEMENT REPORT Refinancing structure in EUR m, as of 30/06/2026 206 590 Deposits 2,635 922 1,829 1,964 10 ∑ EUR 6,281m 10.0% 2,886 1,964 253 1,688 1,705 Capital market instruments 3,646 1,555 752 Deposits from corporates/institutional customers Deposits from municipalities/public institutions Retail deposits Interbank deposits Subordinated bonds incl. AT1 Senior incl. promissory note loans Covered bonds Strong liquidity position enhances financial flexibility During the first half of 2026, the bank successfully executed the largest part of its funding plan. Together with the continued op- timization of funding and capital usage, as well as thanks to the upgrade of the Covered Bond rating, the financial flexibility of the bank was further strengthened while contributing to improved profitability. The bank maintains liquidity comfortably above regulatory re- quirements and thus preserving sufficient flexibility to support future business growth. Strong external ratings reinforce market confidence Kommunalkredit’s strong external credit ratings continued to support the bank’s access to international capital markets and diversified funding sources during the first half of 2026. In January 2026, S&P Global Ratings further upgraded Kommu- nalkredit’s public sector covered bond program and all related issuances by two notches to AA+ from AA-, following the first upgrade in March 2025. This latest rating action reflects S&P’s recognition of the bank’s successful capital markets strategy and the strengthened governance framework of its covered bond program. LCR 372% NSFR 122% Both ratios reported at the level of Kommunalkredit Austria AG. As part of this framework, Kommunalkredit committed to maintaining a minimum overcollateralization of 13% and 180 days of liquidity coverage for all outstanding covered bonds. At the same time, the bank’s BBB/Negative/A-2 issuer credit rat- ing remained unchanged during the reporting period. The out- look on the covered bond program was revised from “stable” to “negative”, aligning it with the outlook on the issuer credit rating following S&P’s December 2025 rating review. S&P Global Ratings Long-term Issuer Credit Rating BBB/Negative S&P Global Ratings Covered Bond AA+/Negative

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BUSINESS REVIEW 27 Successful capital market presence strengthens refinancing Kommunalkredit demonstrates strong access to international cap- ital markets throughout the reporting period. In April 2026, the bank successfully issued a benchmark-covered bond with a volume of EUR 500 million and a maturity of six years. The issuance was approximately 1.5 times oversubscribed, attracting orders from around 40 international investors. This once again demonstrates the market’s confidence in Kommunalkredit’s resilient business model and funding strategy. A particularly strong level of demand came from central banks, reflecting the positive impact of the recent rating upgrade, which positioned Kommunalkredit in a highly sought-after rating seg- ment. The investor base was well diversified geographically, with in- vestors from the D-A-CH region accounting for some 30% of the issuance, followed by Central and Eastern Europe (23%) and the Nordic countries (20%). This broad participation underlines Kom- munalkredit’s established position as a trusted issuer in the inter- national capital markets. Benchmark-covered bond H1 2026 by region in % of portfolio 2% 2% 3% 20% 20% Benchmark-covered bond H1 2026 by investor type in % of portfolio 1% 30% 31% 36% EUR 500m ~1.5 times oversubscribed EUR 500m ~1.5 times oversubscribed 23% 32% Central Banks Funds Banks Other DACH (Germany/Austria/Switzerland) CEE Nordics Southern Europe Other Benelux France Continued investment in technology strengthens future competitiveness Kommunalkredit has further invested in technology, data capa- bilities and operational excellence during the first half of 2026. The successful launch of the new data warehouse powered by Snowflake and the implementation of the bank’s AI engine re- present important milestones in the ongoing modernization of its technology and data landscape. These investments strength- en the bank’s operational efficiency, scalability and data-driven decision-making capabilities. People and Culture Kommunalkredit continued to invest in its talent pool during the first half of 2026, welcoming 20 new colleagues. The bank is actively recruiting across Banking, Credit Risk, Risk Controlling, Advisory, Asset Management and other key functions to support future business growth. Employee attrition remained stable and has declined significantly from its 2024 peak, reflecting the bank’s ongoing focus on talent attraction, job satisfaction, organizational culture, and stability. The recruitment process for a new Chief Financial Officer and Chief Risk Officer is underway, following Sebastian Firlinger’s de- cision to leave Kommunalkredit at the end of 2026 for personal reasons. This will enable the bank to ensure a seamless transition and orderly handover of responsibilities, in line with its disciplined financial and risk management governance.

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28 MANAGEMENT REPORT Assets, financial position, and income Despite a challenging market environment, Kommunalkredit delivered a record first-half origination volume of more than EUR 1,1 billion and operating income of EUR 98,9 million. Higher impairment provisions weighed on profitability, while the bank’s resilient business model and disciplined cost management continued to support performance. Financial performance indicators according to IFRS (selected performance indicators) in EUR m or % Total assets Total capital (Share Capital, Reserves and Additional Tier 1 Capital) 30/06/2026 31/12/2025 7,280.0 767.4 6,998.0 768.8 01/01 - 30/06/2026 01/01 - 30/06/2025 Net interest Income Net fee & commision income Operating income Gains and Losses from financial assets or liabilities General administrative expenses Credit risk result Other operating income Operating result Gains / Losses from associated companies Gains from participations Consolidated profit for the period before tax Income taxes Consolidated profit for the period after tax Cost/income ratio (based on operating result)* Return on equity before tax** Return on equity after tax** 78.8 20.1 98.9 -4.6 -47.1 -44.4 -1.2 1.6 0.0 0.0 1.6 -0.2 1.4 44.2% 0.4% 0.4% 85.1 21.7 106.8 -1.1 -49.4 -10.2 7.5 53.6 0.0 0.0 53.6 -12.1 41.5 37.9% 15.6% 12.1% * ** Result from subsidiary KPC (cost plus model) netted in CIR calculation to provide fair view on efficiency Return on equity = profit for the period before tax projected to one year/common equity tier 1 capital of the Satere group as of 1.1. Regulatory performance indicators of Kommunalkredit Austria AG in EUR m or % Risk weighted assets Total capital (CET 1, Additional Tier 1, Tier 2) CET 1 ratio Tier 1 ratio Total capital ratio 30/06/2026 31/12/2025 4,553.2 966.6 15.5% 16.9% 21.2% 4,427.9 973.8 16.2% 17.6% 22.0%

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ASSETS, FINANCIAL POSITION, AND INCOME 29 S&P Global Ratings BBB A-2 Negative AA+ Negative Risk-weighted assets and total capital As of 30 June 2026, Kommunalkredit held common equity Tier 1 capital of EUR 706.2 million (31/12/2025: EUR 716.5 million), Tier 1 capital of EUR 769.5 million (31/12/2025: EUR 779.8 million) and total capital of EUR 966.6 million (31/12/2025: EUR 973.8 mil- lion). Due to the positive business performance in the first half of 2026, risk-weighted assets rose to EUR 4,553.3 million (31/12/2025: EUR 4,427.9 million). Kommunalkredit thus continued to show strong capital ratios as of 30 June 2026: the total capital ratio was 21.2 % (31/12/2025: 22.0 %), the Tier 1 capital ratio 16.9 % (31/12/2025: 17.6 %) and the common equity Tier 1 ratio 15.5 % (31/12/2025: 16.2 %). The values shown reflect the total capital performance indicators based on Kommunalkredit’s separate financial statements under Austrian GAAP. Rating Issuer rating Long-term rating Short-term rating Outlook Covered bond rating Long-term rating Outlook Structure of statement of financial position of the Kommunalkredit Group under IFRS Kommunalkredit’s total assets according to IFRS amounted to EUR 7.3 billion as of 30 June 2026 (31/12/2025: EUR 7.0 billion). The main items on the asset side of the balance sheet were as- sets measured at amortized cost in the amount of EUR 3.7 bil- lion (31/12/2025: EUR 3.6 billion) as well as assets measured at fair value through other comprehensive income in the amount of EUR 2.0 billion (31/12/2025: EUR 2.0 billion), which comprise financing with opportunistic placement intention. The increase in total assets was mainly driven by continued growth in the bank’s financing business, with customer receivables in- creasing from EUR 2.6 billion to EUR 2.8 billion during the first half of 2026. At the same time, the bank maintained a strong liquidity position, with cash reserves of EUR 0.7 billion as of 30 June 2026 (31/12/2025: EUR 0.5 billion). Securitized liabilities became Kommunalkredit’s largest funding source, increasing to EUR 3.1 billion as of 30 June 2026 (31/12/2025: EUR 2.9 billion). The increase was primarily driven by the success- ful issuance of a EUR 500 million covered bond during the first half of 2026. Customer liabilities remained a stable and impor- tant funding source at EUR 2.9 billion (31/12/2025: EUR 2.8 bil- lion). Together with subordinated liabilities of EUR 181.2 million (31/12/2025: EUR 178.0 million), this further strengthened and diversified Kommunalkredit’s funding platform.

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30 MANAGEMENT REPORT Income statement of the Kommunalkredit Group under IFRS Net interest income Net interest income amounted to EUR 78.8 million as of 30 June 2026 (H1 2025: EUR 85.1 million). Interest income declined from EUR 199.5 million in the first half of 2025 to EUR 181.0 million, mainly reflecting the lower interest rate environment compared with the prior-year period. At the same time, interest expenses decreased from EUR 114.5 million to EUR 102.2 million as lower market interest rates gradually translated into reduced refinanc- ing costs. Despite the lower net interest income, client activity remained strong and Kommunalkredit achieved a record first-half origination volume of more than EUR 1.1 billion (incl. Public Fi- nance), underlining the continued demand for infrastructure and energy financing across its core markets. Net fee and commission income Net fee and commission income amounted to EUR 20.1 million (H1 2025: EUR 21.7 million). Fee and commission income de- creased to EUR 21.8 million (H1 2025: EUR 23.1 million), while fee and commission expenses increased to EUR 1.7 million (H1 2025: EUR 1.4 million). The result primarily reflects the continued contribution from Kommunalkredit’s advisory, service and lend- ing activities, as well as from the subsidy management and con- sulting/project development business of Kommunalkredit Public Consulting GmbH (KPC). General administrative expenses General administrative expenses decreased to EUR 47.1 million (H1 2025: EUR 49.4 million), with personnel expenses amounting to EUR 31.9 million (H1 2025: EUR 33.0 million) and other ad- ministrative expenses to EUR 14.0 million (H1 2025: EUR 15.6 mil- lion). The decline underlines Kommunalkredit’s disciplined cost management and efficiency measures, which enabled the bank to further reduce its cost base while continuing to invest in the digitalization and scalability of its business model. Loan impairment, valuation and realized gains/losses The net provisioning for impairment losses increased to EUR -44.4 million in the first half of 2026 (H1 2025: EUR -10.2 million). The result primarily reflects the recognition of specific loan loss pro- visions for selected exposures classified in Stage 3 under IFRS 9, amounting to EUR -44.1 million. Changes in expected credit loss allowances for Stage 1 and Stage 2 exposures remained broadly stable during the period. The increase in provisioning costs was primarily attributable to specific developments in individual expo- sures and the resulting reassessment of expected recoverability. While the overall portfolio performance remained resilient, se- lected counterparties continued to face a challenging operating environment, leading to additional impairment charges during the reporting period. The credit risk result reflects the impact of restructuring measures that inter alia resulted in the acquisi- tion of equity stakes in two companies. In addition, restructuring measures of an existing exposure resulted in the recognition of a new credit-impaired loan, which was consequently classified as a Purchased or Originated Credit-Impaired (POCI) financial asset. The regulatory non-performing loan (NPL) ratio is 6.8 % (31/12/2025: 7.0 %). Taking eligible guarantees into considera- tion (mainly ECA guarantees), the adjusted net NPL ratio is 6.0 % (31/12/2025: 6.4 %). Gains and losses from financial assets and liabilities in the first half of 2026 amounted to EUR -4.6 million (H1 2025: EUR -1.1 million). This item primarily reflects negative measurement effects for fi- nancial instruments measured at fair value through profit or loss in the amount of EUR -4.0 million (H1 2025: EUR -1.9 million). The result was mainly driven by borrower-specific developments and the deterioration of credit quality in selected exposures, resulting in lower fair values and additional valuation losses during the reporting period. Income taxes The tax expense amounted to EUR 0.2 million (H1 2025: EUR 12.1 million) and includes, in addition to the current tax ex- pense, changes in recognized deferred tax assets.

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OTHER MATERIAL DISCLOSURES 31 Other material disclosures Disposal of the stake in Kommunalnet E-Government Solutions GmbH Kommunalkredit Austria AG has disposed its 45% stake in Kom- munalnet E-Government Solutions GmbH to its existing co-share- holder, the Austrian Association of Municipalities. The share purchase and transfer agreement was signed on 25 June 2026. Following completion of the transaction, the Austrian Association of Municipalities holds 90% of the company’s shares, while the remaining 10% continue to be held by three regional associations of the Austrian Association of Municipalities. The disposal was carried out at the request of the Austrian Asso- ciation of Municipalities, which intends to continue operating the platform as the majority shareholder with regard to its strategic development and future expansion. For Kommunalkredit, the in- vestment had gradually lost strategic significance in recent years, as it offered only limited synergies with the bank’s core business. Notwithstanding the transaction, the Austrian Association of Mu- nicipalities continues to hold a 0.2% stake in Kommunalkredit Aus- tria AG. The long-standing cooperation between Kommunalkredit and the Austrian Association of Municipalities will continue un- changed.

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32 MANAGEMENT REPORT

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OUTLOOK 33 Outlook Despite ongoing geopolitical tensions, Europe’s long-term infrastructure investment needs will remain unchanged for the foreseeable future. Supported by a solid capital base, a strong lending and advisory pipeline, as well as disciplined risk and cost management, Kommunalkredit is well positioned to sustain its resilient operating performance. Long-term infrastructure fundamentals remain intact The macroeconomic outlook continues to be shaped by elevated geopolitical uncertainty, including ongoing tensions in the Middle East and their potential impact on energy markets, supply chains and inflation. While these factors are expected to continue weigh- ing on economic activity in the near term, Europe’s long-term infrastructure investment needs remain unchanged. In its June 2026 macroeconomic projections, the Eurosystem re- vised its inflation outlook upward while slightly lowering its eco- nomic growth forecast for the euro area. Against this backdrop, the European Central Bank emphasized that future monetary policy decisions will remain data-dependent, reflecting contin- ued uncertainty surrounding the macroeconomic environment.7 Despite these short-term challenges, structural investment re- quirements across the energy transition, digitalization, transport and social infrastructure continue to exceed the capacity of public funding, creating sustained demand for private capital and spe- cialized infrastructure financing. Europe therefore remains one of the world’s most attractive infrastructure investment markets, supported by stable institutional frameworks, ambitious public investment programs and increasing private capital participation. Well positioned for the next phase of profitable growth Kommunalkredit enters the second half of 2026 with a resilient operating franchise, a diversified portfolio, an actively managed NPL portfolio, improving portfolio quality, a strengthened funding platform and continued cost discipline, reflected in a cost-income ratio below 45%. Furthermore, the bank’s visible, well-advanced and diversified lending and advisory pipeline provides a solid ba- sis for continued business development during the remainder of the year. Vienna, 11 August 2026 Disciplined execution supports a positive outlook Management expects the resilient operating performance to continue throughout the second half of 2026, supported by sus- tained client demand, disciplined underwriting and the continued execution of its active NPL reduction plan. This positive outlook is further supported by S&P Global Ratings, which, in its June 2026 bulletin, forecasts Kommunalkredit’s NPL ratio to decline to around 3.5%8 by 2028 while expecting the bank’s risk-adjusted capital (RAC) ratio to remain above 15% over the same period. Kommunalkredit also expects to maintain a strong capital position with a CET1 ratio above 14.5%. In addition, the potenzial upsize of Additional Tier 1 capital in the second half of the year would further reinforce its capital base. The bank will continue to invest in technology, data capabilities and operational excellence. Further development of its techno- logy landscape, including its data platform and AI capabilities, is expected to enhance efficiency, scalability and data-driven de- cision-making, strengthening Kommunalkredit’s long-term com- petitiveness. Despite elevated risk costs during the first half of 2026 and sup- ported by its diversified business pipeline, disciplined risk man- agement and continued cost discipline, Kommunalkredit expects to deliver a positive full-year profit after tax and an operating income broadly comparable with the previous year. 7 Eurosystem staff macroeconomic projections for the euro area, June 2026. 8 Calculated according to S&P methodology. Jacques Ripoll Chief Executive Officer Sebastian Firlinger Executive Board Member Nima Motazed Executive Board Member John Weiland Executive Board Member

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3434 CONSOLIDATED INTERIM FINANCIAL STATEMENTS

35

35 CONSOLIDATED INTERIM FINANCIAL STATEMENTS OF KOMMUNALKREDIT GROUP, FOR THE FIRST HALF OF 2026 Consolidated interim financial statements Consolidated statement of financial position Consolidated income statement 36 37 Consolidated statement of comprehensive income 39 Consolidated statement of changes in equity Consolidated statement of cash flows Selected explanatory notes on the condensed interim consolidated financial statements Statement by the legal representatives Report on the review of the condensed interim consolidated financial statements 40 43 44 58 59

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36 CONSOLIDATED INTERIM FINANCIAL STATEMENTS Consolidated statement of financial position TOTAL ASSETS in EUR thousand Cash reserves Financial assets measured at amortized cost thereof receivables from credit institutions thereof receivables from customers thereof securities Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss Portfolio - Fair value hedge Associates recognized at equity Derivatives Property, plant and equipment Intangible assets Current tax assets Deferred tax assets Other assets Total assets LIABILITIES AND EQUITY in EUR thousand Total liabilities Liabilities at amortized cost thereof amounts owed to credit institutions thereof amounts owed to customers thereof securitized liabilities Portfolio - Fair value hedge Derivatives Provisions Current tax liabilities Other liabilities Subordinated liabilities at cost Total equity Equity attributable to shareholders Additional equity component Non-controlling interests Liabilities and equity 30/6/2026 31/12/2025 714,527.6 3,732,446.5 96,194.5 2,831,016.6 805,235.4 1,967,123.6 573,883.5 -1,749.1 4,113.0 163,228.5 47,334.2 1,532.6 55,589.8 3,034.0 18,925.3 7,279,989.5 527,002.5 3,620,303.5 100,416.4 2,622,747.9 897,139.2 1,972,522.4 572,477.6 -1,942.1 3,869.1 210,849.6 43,264.4 1,568.4 34,042.3 3,386.4 10,691.8 6,998,035.8 30/6/2026 31/12/2025 6,512,623.1 6,148,769.0 149,446.7 2,852,894.2 3,146,428.1 -1,138.1 133,205.8 4,753.1 5,798.7 40,068.0 181,166.5 767,366.4 704,918.6 62,243.7 204.1 7,279,989.5 6,229,278.5 5,822,400.4 147,274.5 2,801,121.8 2,874,004.0 1,654.0 130,160.8 4,517.7 2,144.8 90,440.7 177,960.1 768,757.3 706,203.3 62,243.7 310.4 6,998,035.8

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Consolidated income statement INCOME STATEMENT in EUR thousand Net interest income Interest income thereof calculated using the effective interest method Interest expenses Net fee and commission income Fee and commission income Fee and commission expense Operating Income Gains and losses on financial assets and liabilities Result from the derecognition of financial assets measured at amortized cost General administrative expenses Personnel expenses Other administrative expenses Depreciation and impairment Net provisioning for impairment losses Other operating result Other operating income Other operating expenses Operating Profit Result from associates Income from investments Profit before tax Income taxes Profit after tax thereof attributable to owners Thereof attributable to non-controlling interests 37 1/1 – 30/6/2026 1/1 – 30/6/2025 78,790.9 180,988.1 149,098.1 -102,197.2 20,087.3 21,825.7 -1,738.4 98,878.3 -4,568.5 -33.9 -47,084.1 -31,914.3 -13,992.9 -1,176.9 -44,410.6 -1,232.3 1,586.4 -2,818.7 1,582.8 -1.8 0.0 1,581.0 -164.5 1,416.5 1,372.7 43.8 85,076.9 199,541.6 155,873.1 -114,464.7 21,696.7 23,128.0 -1,431.3 106,773.6 -1,135.9 69.8 -49,399.4 -32,995.6 -15,612.9 -790.8 -10,178.1 7,508.6 8,678.9 -1,170.4 53,568.8 -1.6 0.0 53,567.2 -12,112.7 41,454.5 41,399.0 55.5

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38 CONSOLIDATED INTERIM FINANCIAL STATEMENTS

39

39 Consolidated statement of comprehensive income COMPREHENSIVE INCOME in EUR thousand Profit after tax Items to be reclassified to the Income Statement Changes in debt instruments at fair value through other comprehensive income Net change in fair value of debt instruments at fair value through other comprehen- sive income Reclassified to the Income Statement Related tax Items not to be reclassified to the Income Statement Change in actuarial gains/losses Actuarial result from personnel provisions Related tax on actuarial result from personnel provisions Changes in equity instruments at fair value through other comprehensive income Net change in fair value of equity instruments at fair value through other comprehen- sive income Related tax Total comprehensive income, net of tax thereof attributable to owners thereof attributable to non-controlling interests 1/1 – 30/6/2026 1/1 – 30/6/2025 1,416.5 -753.0 -753.0 -877.9 -100.0 224.9 147.9 0.0 0.0 0.0 147.9 192.0 -44.2 811.4 767.6 43.8 41,454.5 -8,841.1 -8,841.1 -11,102.6 -379.3 2,640.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32,613.4 32,557.9 55.5

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40 CONSOLIDATED INTERIM FINANCIAL STATEMENTS Consolidated statement of changes in equity STATEMENT OF CHANGES IN EQUITY 1/1- 30/6/2026 in EUR thousand Subscribed capital Reserves Other retained earnings (incl. consolidat- ed profit for the year) Reserve for debt instruments at fair value through other comprehensive income Reserve for equity instruments at fair value through other comprehensive income Actuarial gains/losses IAS 19 Equity attrib- utable to Kommu- nalkredit shareholders Additional equity compo- nent Non-con- trolling interests Equity as of 1/1/2026 Profit for the period Changes in debt instruments at fair value through other comprehensive income Measurement of debt instruments at fair value through other comprehensive income Recycling of debt instruments at fair value through other comprehensive income Changes in equity instruments at fair value through other comprehensive income Change in actuarial gains/losses Total Profit distribution Appropriation to fixed reserves AT1 coupon Reclassification Reserve for equity instruments at fair value through other comprehensive income As of 30/6/2026 177,017.1 0.0 0.0 163,853.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 860.1 0.0 0.0 312,429.5 1,372.7 0.0 0.0 0.0 0.0 0.0 1,372.7 0.0 -860.1 -2,052.3 813.1 49,479.3 0.0 -753.0 -653.0 -100.0 0.0 0.0 -753.0 0.0 0.0 0.0 0.0 665.2 0.0 0.0 0.0 0.0 147.9 0.0 147.9 0.0 0.0 0.0 -813.1 2,759.1 0.0 0.0 706,203.3 1,372.7 -753.0 62,243.7 0.0 0.0 310.4 43.8 0.0 768,757.3 1,416.5 -753.0 0.0 -653.0 0.0 0.0 -653.0 0.0 -100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 147.9 0.0 767.6 0.0 0.0 -2,052.3 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -100.0 0.0 147.9 0.0 43.8 -150.0 0.0 0.0 0.0 0.0 811.4 -150.0 0.0 -2,052.3 -0.0 177,017.1 164,713.2 311,703.0 48,726.3 0.0 2,759.1 704,918.6 62,243.7 204.1 767,366.4

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41 STATEMENT OF CHANGES IN EQUITY 1/1- 30/6/2025 in EUR thousand Subscribed capital Reserves Other retained earnings (incl. consolidat- ed profit for the year) Reserve for debt instruments at fair value through other comprehensive income Reserve for equity instruments at fair value through other comprehensive income Actuarial gains/losses IAS 19 Equity attrib- utable to Kommu- nalkredit shareholders Additional equity compo- nent Non-con- trolling interests Equity as of 1/1/2025 Profit for the period Changes in debt instruments at fair value through other comprehensive income Measurement of debt instruments at fair value through other comprehensive income Recycling of debt instruments at fair value through other comprehensive income Changes in equity instruments at fair value through other comprehensive income Change in actuarial gains/losses Total Profit distribution Appropriation to fixed reserves AT1 coupon Acquisition of non-controlling interests As of 30/6/2025 177,017.1 0.0 0.0 159,131.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 177,017.1 0.0 0.0 0.0 1,240.2 0.0 0.0 160,372.2 308,034.6 41,399.0 0.0 0.0 0.0 0.0 0.0 41,399.0 0.0 -1,240.2 -2,052.3 -87.7 346,053.5 57,145.6 0.0 -8,841.1 -8,461.8 -379.3 0.0 0.0 -8,841.1 0.0 0.0 0.0 0.0 48,304.5 586.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 586.3 2,585.2 0.0 0.0 704,500.8 41,399.0 -8,841.1 62,243.7 0.0 0.0 267.0 55.5 0.0 767,011.5 41,454.5 -8,841.1 0.0 -8,461.8 0.0 0.0 -8,461.8 0.0 -379.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2,585.2 0.0 32,557.9 0.0 0.0 -2,052.3 -87.7 734,918.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 62,243.7 0.0 -379.3 0.0 0.0 0.0 55.5 -108.7 0.0 0.0 -12.3 201.5 0.0 32,613.4 -108.7 0.0 -2,052.3 -100.0 797,364.0

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42 CONSOLIDATED INTERIM FINANCIAL STATEMENTS

43

Consolidated statement of cash flows CONSOLIDATED STATEMENT OF CASH FLOWS in EUR thousand Profit (after tax, before non-controlling interests) Non-cash items included in the profit and reconciliation to cash flow from operating activities Depreciation and amortization of property, plant and equipment and intangible assets Gains/losses from the sale of property, plant and equipment and intangible assets Appropriation to/release of provisions Gains/losses from the valuation of financial assets Income tax Net interest income Non cash accruals and other adjustments Sub-total Change in assets and liabilities from operating activities after correction for non-cash items Financial assets at amortized cost thereof loans and advances to credit institutions thereof loans and advances to customers thereof debt instruments Assets at fair value through other comprehensive income Assets at fair value through profit or loss Derivatives and portfolio hedge Other assets from operating activities Amounts owed to credit institutions Amounts owed to customers Securitized liabilities Other liabilities from operating activities Interest received Interest paid Income taxes paid Cash flow from operating activities Cash receipts from the sale / redemption of property, plant and equipment and intangi- ble assets Cash payments for the acquisition of Property, plant and equipment and intangible assets Cash payments for the investments in associates recognized at equity Cash flow from investing activities Dividend payments attributable to non-controlling interests Cash payments for the acquisition of non-controlling interests of affiliated companies Cash inflow from subordinated capital AT1 coupon Cash outflow from repayments on lease liabilities Cash flow from financing activities Cash and cash equivalents at the end of the previous period Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash and cash equivalents at the end of the period 43 1/1 – 30/6/2026 1/1 – 30/6/2025 1,416.5 41,454.5 1,176.9 300.0 44,607.3 4,634.5 164.5 -78,790.9 1.8 -26,489.4 4,236.9 -232,945.1 92,477.4 37,475.9 -51,948.3 -4,290.5 -8,547.3 1,993.6 42,537.3 319,907.1 -50,655.7 177,997.9 -89,606.2 -17,525.0 194,618.5 0.0 -4,553.7 -245.7 -4,799.4 -150.0 0.0 0.0 -2,052.3 -91.8 -2,294.0 527,002.5 194,618.5 -4,799.4 -2,294.0 714,527.6 790.8 -8,381.1 10,104.2 1,585.0 12,112.7 -85,076.9 1.6 -27,409.2 -18,244.2 -497.9 -114,230.2 -53,240.4 -12,895.9 -3,243.4 -3,095.2 14,310.0 -42,266.1 646,905.1 -4,151.5 203,268.5 -104,907.5 -6,842.6 473,459.6 15,350.0 -4,611.1 0.0 10,738.9 -108.7 -100.0 147,778.5 -2,052.3 -59.6 145,458.0 933,219.9 473,459.6 10,738.9 145,458.0 1,562,876.4

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44 CONSOLIDATED INTERIM FINANCIAL STATEMENTS Selected explanatory notes on the condensed interim consolidated financial statements 1. GENERAL INFORMATION The condensed interim consolidated financial statements of the Kommunalkredit Group have been prepared on the basis of all IFRS International Accounting Standards (IFRS) adopted by the European Union (EU) and incorporated into European law, which are man- datory, and published by the International Accounting Standards Board (IASB), as well as all interpretations of the IFRS Interpretations Committee (IFRICs and SICs). The condensed consolidated interim financial statements for the period from 1 January to 30 June 2026, are in accordance with IAS 34 (“Interim Financial Reporting”) and have been reviewed by the auditor. The condensed consolidated interim financial statements do not contain all the information and notes required for consolidated financial statements and should therefore be read in conjunction with the 2025 consolidated financial statements of the Kommunalkredit Group. The accounting policies applied in the condensed consolidated interim financial statements are consistent with those applied in the 2025 consolidated financial statements. The amend- ments to accounting standards that became mandatorily effective for financial years beginning on or after 1 January 2026 have been reflected in the Group’s accounting policies. IFRS 18 “Presentation and Disclosure in Financial Statements”, which is effective for annual reporting periods beginning on or after 1 January 2027, has not been early adopted in the 2026 financial year. The impact of the standard on the presentation of the statement of profit or loss has already been analyzed and incorporated based on the current stage of the assessment. As part of the analysis, key requirements of IFRS 18 have already been implemented. This includes, in particular, the introduction of additional subtotals in the statement of profit or loss, including an operating profit subtotal, as well as adjustments to the presentation of individual income and expense items in accordance with the operating, investing and financing categories. As a result, results from associates and equity investments are presented separately from operating profit as part of investing activities. However, changes may still arise during the final assessment and implementation of the requirements of IFRS 18. The identification and definition of Management Performance Measures (MPMs) to be disclosed in the future, as well as the related disclosure require- ments, are currently still under assessment. Accounting and valuation were carried out on a going concern basis. The interim consolidated financial statements are presented in euros, as this is the functional currency of the group.

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NOTES ON THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 45 2. SCOPE OF CONSOLIDATION In accordance with IFRS 10, the scope of consolidation of the Kommunalkredit Group comprises the following companies as of 30 June 2026, in addition to the parent company Kommunalkredit: NAME AND REGISTERED OFFICE Investment direct indirect Share in capital 30/6/2026 in % Share in capital 31/12/2025 in % 1. Affiliated companies Fully consolidated affiliated companies Kommunalkredit Public Consulting GmbH, Wien Kommunalkredit KBI Immobilien GmbH, Wien Kommunalkredit 4OG Immobilien GmbH & Co KG Kommunalkredit KBI Immobilien GmbH & Co KG, Wien Kommunalkredit TLI Immobilien GmbH & Co KG, Wien Fidelio KA Beteiligung GmbH (DE) Fidelio KA Infrastructure Opportunities Fund GP S. à r. l. (LUX) Fidelio KA Investment Advisory GmbH (DE) Florestan KA GmbH, Wien Florestan KA Hydrogen GmbH, Wien 2. Associates Associates included using the equity method PeakSun Holding GmbH Wels x x x x x x x x x x x 90.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 90.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 40.0% 40.0%

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46 CONSOLIDATED INTERIM FINANCIAL STATEMENTS 3. DISCLOSURES RELATING TO THE STATEMENT OF FINANCIAL POSITION 3.1. Cash and cash equivalents CASH RESERVES in EUR thousand Cash on hand Balances with central banks Total 3.2. Assets at amortized cost The balance sheet item assets at amortized cost as of 30 June 2026, is as follows 30/6/2026 31/12/2025 0.2 714,527.4 714,527.6 2.1 527,000.4 527,002.5 Total gross carrying amount 96,195.5 805,310.6 459,411.0 -1.0 -75.2 -57.7 Financial assets measured at amortized cost in EUR thousand Receivables from credit institutions Securities thereof public sector debt instru- ments thereof debt instruments of other issuers Receivables from customers Total Impairments Stage 1 Impairments Stage 2 Impairments Stage 3 Impairments POCI Total net carrying amount 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 96,194.5 805,235.4 459,353.4 0.0 345,882.0 345,899.6 -17.6 2,857,054.5 3,758,560.6 -3,668.5 -3,744.7 -1,320.0 -1,320.0 -20,692.5 -20,692.5 -356.9 -356.9 2,831,016.6 3,732,446.5 As part of a debt restructuring in the 2026 financial year, a newly recognized loas was already credit-impaired at initial recognition and was therefore classified as a Purchased or Originated Credit-Impaired (POCI) financial asset. The balance sheet item assets at amortized cost as of 31 December 2025, is as follows: Financial assets measured at amortized cost in EUR thousand Total gross carrying amount Impair- ments Stage 1 Impair- ments Stage 2 Impair- ments Stage 3 Impair- ments POCI Total net carrying amount Receivables from credit institutions Securities thereof public sector debt instruments thereof debt instruments of other issuers Receivables from customers Total 100,424.5 897,217.6 575,013.2 322,204.3 2,646,887.8 3,644,529.9 -8.1 -78.4 -55.4 -23.0 -3,007.9 -3,094.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2,227.9 -2,227.9 0.0 -18,904.0 -18,904.0 0.0 0.0 0.0 0.0 0.0 0.0 100,416.4 897,139.2 574,957.8 322,181.4 2,622,747.9 3,620,303.5 3.3. Assets at fair value through other comprehensive income ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME in EUR thousand Loans Securities Equity instruments Total 30/6/2026 31/12/2025 1,919,416.4 25.1 47,682.1 1,967,123.6 1,966,019.3 5,293.2 1,210.0 1,972,522.4 The strategic investment in Kommunalnet E-Government Solutions GmbH was sold on June 25, 2026 and is included in the prior year figures. The cumulated valuation result of EUR 813.1 thousand is reclassified from the reserve for equity instruments at fair value through other comprehensive income to other retained earnings. During the current financial year, the group acquired stakes in two companies as part of loan restructuring efforts.

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NOTES ON THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 47 3.4. Assets recognized at fair value through profit or loss ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS in EUR thousand Business model sell Mandatorily measured through profit or loss of which Fidelio KA Infrastructure Debt Fund Europe Total 3.5. The cash flows from the subordinated liabilities are presented in detail below. Subordinated liabilities SUBORDINATED LIABILITIES AT COST in EUR thousand as of 1/1 Cash inflow Cash outflow Non-cash changes As of 30/6 3.6. Provisions PROVISIONS in EUR thousand Provisions for pensions Provisions for severance payment Provisions for jubilee payment Provisions for expected losses on credit commitments Other provisions Total 30/6/2026 31/12/2025 25,572.3 548,311.2 20,870.7 573,883.5 37,199.5 535,278.1 20,455.6 572,477.6 1/1 – 30/6/2026 1/1 – 30/6/2025 177,960.1 0.0 0.0 3,206.4 181,166.5 32,390.2 147,778.5 0.0 -2,238.2 177,930.4 30/6/2026 31/12/2025 329.0 2,721.5 43.3 1,279.3 380.0 4,753.1 308.1 2,611.7 43.3 1,174.6 380.0 4,517.7 Other provisions include the provision in connection with the exemption from intermediary bank charges pursuant to § 6 (1) no. 28 of the Austrian VAT Act (UStG). The implications of the ECJ judgment of 9 July 2026 concerning the Austrian interbank VAT exemption have been considered in the measurement of provisions. Based on the current assessment, no material impact on the provisions recognized as at 31 December 2025 results from this judgment. 3.7. Other liabilities The cash flows from lease liabilities are presented in detail below. LEASE LIABILITIES in EUR thousand as of 1/1 Cash inflow Cash outflow redemption Cash outflow interest Non-cash changes As of 30/6 1/1 – 30/6/2026 1/1 – 30/6/2025 1,553.3 0.0 -91.8 -30.3 687.6 2,118.9 2,333.2 0.0 -59.6 -34.6 -639.6 1,599.5 The non-cash changes for the current financial year include the addition of a lease agreement, while non-cash changes for the prior year include the disposal of a prematurely terminated lease agreement. 3.8. The development and composition of IFRS equity is presented in in the section Consolidated statement of changes in equity. Equity The reserves comprise statutory revenue reserves of EUR 10,434.1 thousand (30/6/2025: EUR 10,434.1 thousand), liability reserves of the parent company in accordance with § 57 (5) of the Austrian Banking Act (BWG) of EUR 41,799.8 thousand (30/6/2025: EUR 37,458.8 thou- sand), and committed capital reserves of the parent company of EUR 12,479.3 thousand (30/6/2025: EUR 12,479.3 thousand). In addition, uncommitted capital reserves of EUR 100,000.0 thousand (30/6/2025: EUR 100,000.0 thousand) are included, which originate from the capital contribution made in the 2024 financial year by the indirect majority owner of Kommunalkredit.

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48 CONSOLIDATED INTERIM FINANCIAL STATEMENTS The reserve for debt instruments measured at fair value through other comprehensive income includes deferred taxes of EUR -14,554.6 thousand as of 30 June 2026 (30/6/2025: EUR -14,428.7 thousand). The reserve for equity instruments measured at fair value through other comprehensive income includes deferred taxes of EUR 0.0 thousand as of 30 June 2026 (30/6/2025: EUR -175.1 thousand). The item Additional equity components includes AT1 bonds, which are unsecured and subordinated bonds issued by Kommunalkredit and classified as equity under IFRS. 3.9. The own funds and own funds requirements determined in accordance with the requirements of the CRR are composed as follows. Regulatory capital BASIS FOR CALCULATION PURSUANT TO ART. 92 CRR in EUR thousand Green Opera Finance Invest AB Group Total risk exposure amount pursuant to Art. 92 CRR of which credit risk of which operational risk of which FX risk of which CVA charge of which default fund of a qualifying counterparty TOTAL CAPITAL – ACTUAL in EUR thousand or % Green Opera Finance Invest AB Group Common equity tier 1 after deductible items (CET 1) Additional tier 1 (AT1) Common equity (tier 1) Tier 2 capital Total capital Common equity tier 1 ratio (CET 1) Common equity ratio (tier 1) Total capital ratio BASIS FOR CALCULATION PURSUANT TO ART. 92 CRR in EUR thousand Satere Group Total risk exposure amount pursuant to Art. 92 CRR of which credit risk of which operational risk of which FX risk of which CVA charge of which default fund of a qualifying counterparty TOTAL CAPITAL – ACTUAL in EUR thousand or % Satere Group Common equity tier 1 after deductible items (CET 1) Additional tier 1 (AT1) Common equity (tier 1) Tier 2 capital Total capital Common equity tier 1 ratio (CET 1) Common equity ratio (tier 1) Total capital ratio according to Art. 92 according to Art. 92 CRR 30/6/2026 CRR 31/12/2025 4,537,395.1 4,242,262.5 286,750.7 0.0 8,098.1 283.8 4,441,599.3 4,106,019.1 286,750.7 27,848.1 20,709.5 272.0 30/6/2026 31/12/2025 696,010.8 47,648.5 743,659.3 143,716.1 887,375.4 15.3% 16.4% 19.6% 706,084.9 44,185.1 750,270.1 132,119.9 882,390.0 15.9% 16.9% 19.9% according to Art. 92 according to Art. 92 CRR 30/6/2026 CRR 31/12/2025 4,503,312.5 4,208,983.2 285,947.4 0.0 8,098.1 283.8 4,401,651.0 4,066,874.1 285,947.4 27,848.1 20,709.5 272.0 30/6/2026 31/12/2025 679,924.2 47,648.5 727,572.7 143,716.1 871,288.8 15.1% 16.2% 19.3% 689,745.5 44,185.1 733,930.6 132,119.9 866,050.6 15.7% 16.7% 19.7%

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NOTES ON THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 49 BASIS FOR CALCULATION PURSUANT TO ART. 92 CRR in EUR thousand Kommunalkredit Austria AG Total risk exposure amount pursuant to Art. 92 CRR of which credit risk of which operational risk of which FX risk of which CVA charge of which default fund of a qualifying counterparty TOTAL CAPITAL – ACTUAL in EUR thousand or % Kommunalkredit Austria AG Common equity tier 1 after deductible items (CET 1) Additional tier 1 (AT1) Common equity (tier 1) Tier 2 capital Total capital Common equity tier 1 ratio (CET 1) Common equity ratio (tier 1) Total capital ratio 4. NOTES TO THE INCOME STATEMENT 4.1. Net interest income NET INTEREST INCOME in EUR thousand Net interest income Interest income from loans and advances to banks Interest income from loans and advances to customers Interest income from assets at fair value through other comprehensive income Interest income from assets at fair value through profit or loss Interest income from derivatives in hedges Interest income from maturing derivatives in portfolio hedge Interest income from other assets and changes to estimates Interest expenses and expenses similar to interest expenses Interest expenses for amounts owed to banks Interest expenses for amounts owed to customers Interest expenses for derivatives in hedges Interest expenses for securitized liabilities Interest expenses for subordinated capital Interest expenses for other liabilities and changes in estimates Net interest income according to Art. 92 according to Art. 92 CRR 30/6/2026 CRR 31/12/2025 4,553,248.3 4,259,750.4 285,116.1 0.0 8,098.1 283.8 4,427,913.0 4,093,967.3 285,116.1 27,848.1 20,709.5 272.0 30/6/2026 31/12/2025 706,227.8 63,313.1 769,540.8 197,041.2 966,582.1 15.5% 16.9% 21.2% 716,501.2 63,321.6 779,822.8 193,968.5 973,791.3 16.2% 17.6% 22.0% 2026 2025 180,988.1 13,842.8 78,125.3 57,130.0 27,078.4 2,122.2 2,038.6 650.7 -102,197.2 -2,432.6 -39,470.4 -4,862.2 -49,911.7 -5,365.4 -154.8 78,790.9 199,541.6 18,453.7 71,586.8 65,838.2 26,059.7 14,290.3 2,965.7 347.3 -114,464.7 -1,898.8 -48,327.4 -20,002.6 -42,994.4 -1,167.8 -73.6 85,076.9

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50 CONSOLIDATED INTERIM FINANCIAL STATEMENTS 4.2. Net fee and commission income NET FEE AND COMMISSION INCOME in EUR thousand 2026 2025 Fee and commission income Subsidy management and consulting business Lending business Other service business Fee and commission expenses Lending business Securities business Money and FX trading Other service business Net fee and commission income 4.3. Gains and losses from financial assets and liabilities GAINS AND LOSSES ON FINANCIAL ASSETS AND LIABILITIES in EUR thousand a) Realized gains (losses) from financial instruments not measured at fair value through P&L a1) result from the disposal of assets at fair value through other comprehensive income a2) financial assets measured at amortized cost gains from sale of assets measured at amortized cost losses from sale of assets measured at amortized cost a3) financial liabilities measured at amortized cost (results from early redemption of own issues) a4) Gain (Loss) from modifications b) Result from financial instruments measured at fair value through P&L b1) of which loans and securities b2) of which interest and currency hedging derivatives c) Remeasurement result from fair value hedge c1) of which interest rate derivatives c2) of which underlying instruments d) Remeasurement result from portfolio - fair value hedge d1) of which interest rate derivatives d2) of which underlying instruments (layer) e) Foreign currency valuation/Other* Total * The "Other" item primarily includes the foreign currency valuation of FX forwards. 21,825.7 13,146.2 7,000.9 1,678.5 -1,738.4 -1,349.8 -248.5 -140.1 -0.1 20,087.3 2026 2025 -272.9 100.0 -33.9 0.0 -33.9 0.0 -339.0 -4,049.8 -4,779.0 729.1 -144.3 -19,808.5 19,664.3 56.9 -1,647.4 1,704.3 -158.3 -4,568.5 23,128.0 13,979.8 4,451.0 4,697.1 -1,431.3 -871.3 -393.0 -167.0 -0.0 21,696.7 500.8 379.3 69.8 69.8 0.0 1,115.4 -1,063.7 -1,888.7 -3,624.6 1,735.9 334.1 28,760.4 -28,426.3 20.5 58.5 -38.0 -102.6 -1,135.9

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NOTES ON THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 51 4.4. General administrative expenses GENERAL ADMINISTRATIVE EXPENSES in EUR thousand 2026 2025 Personnel expenses Salaries Statutory social security contributions Voluntary social security contributions Expenses for pensions and employee benefits Other administrative expenses Depreciation, amortisation and impairment Total Other administrative expenses include the following items: OTHER ADMINISTRATIVE EXPENSES in EUR thousand Third-party services Data processing Consulting and auditing fees Public relations and advertising External news services Headhunting and personnel development Occupancy costs Other non-personnel administrative expenses Total of other administrative expenses -31,914.3 -24,840.9 -5,526.3 -561.3 -985.8 -13,992.9 -1,176.9 -47,084.1 2026 2025 -5,985.1 -3,633.6 -519.9 -784.0 -873.3 -195.0 -590.3 -1,411.7 -13,992.9 -32,995.6 -26,459.7 -4,893.7 -592.1 -1,050.1 -15,612.9 -790.8 -49,399.4 -7,577.8 -3,049.4 -2,694.0 -932.5 -798.1 -626.1 1,454.1 -1,389.3 -15,612.9 4.5. Other operating result In the first half of 2026, other operating result amounted to EUR -1,232.3 thousand (H1 2025: EUR 7,508.6 thousand). Last year’s results included a gain from a previously capitalized subscription right associated with an investment in green hydrogen. 4.6. Income taxes INCOME TAXES in EUR thousand Current tax expense/income Deferred tax income/expense Total 2026 2025 368.6 -533.1 -164.5 -10,712.4 -1,400.3 -12,112.7

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52 CONSOLIDATED INTERIM FINANCIAL STATEMENTS 5. OTHER INFORMATION Segment reporting 5.1. The Kommunalkredit Group’s business activities are primarily focused on municipal and infrastructure-related project business and on subsidy management for the Republic of Austria. There is only one business segment whose results are regularly reported to the Management Board and the Supervisory Board in the form of the IFRS consolidated financial statements. The information on the business segment is taken directly from the Group’s balance sheet and income statement. A reconciliation is therefore not necessary. 5.2. Contingent liabilities and other off-balance sheet commitments are as follows: Contingent liabilities and other off-balance sheet commitments in EUR thousand Contingent liabilities: Securities and guarantees Other obligations: Credit lines and promissory notes 30/6/2026 31/12/2025 0.0 1,379,909.9 0.0 1,114,379.0 Fair value of financial assets and liabilities 5.3. In accordance with the requirement to group financial instruments, the Kommunalkredit Group distinguishes between the classes of financial instruments shown in the table below. The table also shows the carrying amounts and fair values for each class. The fair values of financial instruments not measured at fair value are determined in accordance with the fair value hierarchy described in the following section. When determining fair values, term, credit and instrument-specific valuation parameters are used in conjunction with standard market valuation methods in accordance with IFRS 13. The maximum default risk per class of financial instrument corresponds to the carrying amounts shown in the table. The maximum default risk of financial guarantees and irrevocable loan com- mitments corresponds to the nominal amount of EUR 0.0 thousand (31/12/2025: EUR 0.0 thousand) and EUR 1,379,909.9 thousand (31/12/2025: EUR 1,114,379.0 thousand). The figures as of 30 June 2026 are as follows: CATEGORIES 30/6/2026 in EUR thousand Amortized cost At fair value through other comprehensive income At fair value through profit and loss Carrying amount Fair value Cash and cash equivalents Loans and advances to credit institu- tions Loans and advances to customers Securities Assets recognized at fair value through OCI Assets recognized through profit or loss Derivatives Total Amounts owed to credit institutions Amounts owed to customers Securitized liabilities Derivatives Subordinated liabilities Total 714,527.6 96,194.5 2,831,016.6 805,235.4 0.0 0.0 0.0 4,446,974.1 149,446.7 2,852,894.2 3,146,428.1 0.0 181,166.5 6,329,935.5 0.0 0.0 0.0 0.0 1,967,123.6 0.0 0.0 1,967,123.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 573,883.5 163,228.5 737,112.0 0.0 0.0 0.0 133,205.8 0.0 133,205.8 714,527.6 96,194.5 2,831,016.6 805,235.4 1,967,123.6 573,883.5 163,228.5 7,151,209.8 149,446.7 2,852,894.2 3,146,428.1 133,205.8 181,166.5 6,463,141.3 714,527.6 96,278.1 2,852,483.4 803,852.1 1,967,123.6 573,883.5 163,228.5 7,171,376.9 149,977.2 2,849,708.3 3,184,432.5 133,205.8 186,979.9 6,504,303.7

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NOTES ON THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 53 The figures as of 31 December 2025 are as follows: CATEGORIES: 31/12/2025 in EUR thousand Amortized cost At fair value through other comprehensive income At fair value through profit and loss Carrying amount Fair value Cash and cash equivalents Loans and advances to credit institu- tions Loans and advances to customers Securities Assets recognized at fair value through OCI Assets recognized through profit or loss Derivatives Total Amounts owed to credit institutions Amounts owed to customers Securitized liabilities Derivatives Subordinated liabilities Total 527,002.5 100,416.4 2,622,747.9 897,139.2 0.0 0.0 0.0 4,147,306.0 147,274.5 2,801,121.8 2,874,004.0 0.0 177,960.1 6,000,360.5 0.0 0.0 0.0 0.0 1,972,522.4 0.0 0.0 1,972,522.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 572,477.6 210,849.6 783,327.2 0.0 0.0 0.0 130,160.8 0.0 130,160.8 527,002.5 100,416.4 2,622,747.9 897,139.2 1,972,522.4 572,477.6 210,849.6 6,903,155.6 147,274.5 2,801,121.8 2,874,004.0 130,160.8 177,960.1 6,130,521.3 527,002.5 100,530.5 2,633,902.8 895,512.6 1,972,522.4 572,477.6 210,849.6 6,912,798.0 148,106.2 2,797,813.3 2,906,212.1 130,160.8 201,050.4 6,183,342.8 Information on determining fair value (fair value hierarchy) In general, the methods for determining fair value can be divided into the following three categories: Level 1: Quoted prices exist on an active market for identical assets or liabilities. Bid quotes for assets from Bloomberg or LSEG (former Refinitiv/Reuters) are used for this hierarchy level. All other financial instruments are measured using an internal valuation model based on the present value method. Cash flows are discounted using current yield curves, taking credit spreads into account. Level 2: The input factors for valuation can be observed on the market. This category includes the following pricing methods, among others: Quoted prices for similar assets or liabilities in active markets Quoted prices for identical or similar assets or liabilities in markets that are not active Inputs other than quoted prices that are observable for the asset or liability, for example interest rates and yield curves observable at commonly quoted intervals, implied volatilities and credit spreads Level 3: The input factors cannot be observed on the market. These primarily include prices that are based primarily on expert estimates and/or contain unobservable data. Only assets of the infrastructure and energy portfolio are classified as level 3.

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54 CONSOLIDATED INTERIM FINANCIAL STATEMENTS Financial instruments recognized at fair value The following table shows the breakdown of financial instruments recognized at fair value by class according to the fair value hierarchy: CARRYING AMOUNTS FOR FINANCIAL INSTRUMENTS RECOGNIZED AT FAIR VALUE in EUR thousand Assets Assets at fair value through other comprehensive income Assets at fair value through profit or loss Derivatives Liabilities Derivatives 30/6/2026 Total Level 1 Level 2 Level 3 0.0 0.0 0.0 0.0 988,281.9 28,307.7 163,228.5 133,205.8 978,841.7 545,575.9 0.0 1,967,123.6 573,883.5 163,228.5 0.0 133,205.8 The Level 3 classification relates to infrastructure and energy financing and is based on the non-observability of the credit spreads required for the discounted cash flow method. The comparative figures for the previous year are as follows: CARRYING AMOUNTS FOR FINANCIAL INSTRUMENTS RECOGNIZED AT FAIR VALUE in EUR thousand Assets Assets at fair value through other comprehensive income Assets at fair value through profit or loss Derivatives Liabilities Derivatives 31/12/2025 Total Level 1 Level 2 Level 3 5,268.1 0.0 0.0 1,021,528.9 37,597.8 210,849.6 945,725.4 534,879.8 0.0 1,972,522.4 572,477.6 210,849.6 0.0 130,160.8 0.0 130,160.8 The following tables show a reconciliation of Level 3 assets that are measured at fair value through or through profit or loss: RECONCILIATION OF FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE TROUGH P&L in EUR thousand Amount at the beginning of a period Additions/disbursement Additions from level 2 Sold/redeemed Disbursements in level 2 Total gains and losses recognized in profit or loss Amount at the end of a period RECONCILIATION OF FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE THROUGH OCI in EUR thousand Amount at the beginning of a period Additions/disbursement Additions from level 2 Sold/redeemed Disbursements in level 2 Total gains and losses recognized in other comprehensive income recognized in profit or loss Amount at the end of a period 1/1 – 30/6/2026 1/1 – 30/6/2025 534,879.8 173,389.1 0.0 -157,914.1 0.0 -4,779.0 545,575.9 519,907.5 50,022.0 0.0 -29,529.2 0.0 -3,644.5 536,755.8 1/1 – 30/6/2026 1/1 – 30/6/2025 945,725.4 166,537.1 14,963.9 -149,072.9 0.0 588.1 100.0 978,841.7 990,491.3 186,532.2 29,992.4 -164,995.6 0.0 -1,799.2 379.3 1,040,600.3

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NOTES ON THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 55 Financial instruments not measured at fair value The fair values of financial instruments not measured at fair value are broken down by class as follows: FAIR VALUES OF FINANCIAL INSTRUMENTS NOT RECOGNIZED AT FAIR VALUE in EUR thousand 30/6/2026 Total Level 1 Level 2 Level 3 Assets at amortized cost Loans and advances to credit institutions Loans and advances to customers Securities Liabilities at amortized cost Amounts owed to credit institutions Amounts owed to customers Securitized liabilities Subordinated liabilities 0.0 0.0 641,623.0 0.0 0.0 0.0 0.0 96,014.1 1,516,853.4 162,229.1 146,960.4 2,849,708.3 3,184,432.5 186,979.9 264.0 1,335,630.0 0.0 3,016.8 0.0 0.0 0.0 96,278.1 2,852,483.4 803,852.1 149,977.2 2,849,708.3 3,184,432.5 186,979.9 The comparative figures for the previous year are as follows: FAIR VALUES OF FINANCIAL INSTRUMENTS NOT RECOGNIZED AT FAIR VALUE in EUR thousand 31/12/2025 Total Level 1 Level 2 Level 3 Assets at amortized cost Loans and advances to credit institutions Loans and advances to customers Securities Liabilities at amortized cost Amounts owed to credit institutions Amounts owed to customers Securitized liabilities Subordinated liabilities 0.0 0.0 763,784.2 0.0 0.0 0.0 0.0 100,530.5 1,516,397.2 131,728.4 145,094.7 2,797,813.3 2,906,212.1 201,050.4 0.0 1,117,505.6 0.0 3,011.4 0.0 0.0 0.0 100,530.5 2,633,902.8 895,512.6 148,106.2 2,797,813.3 2,906,212.1 201,050.4 5.4. There were no significant events between the balance sheet date of 30 June 2026, and the publication of the half-year report. Significant events after the balance sheet date Legal risks 5.5. There are currently no legal proceedings pending that could have a material impact on the most accurate possible picture of the fi- nancial position and results of operations of Kommunalkredit Austria AG Group. However, the Group has made appropriate provisions for legal proceedings, taking into account legal risk assessments. 5.6. Related party disclosures Ownership structure NAME OF THE COMPANY Satere Beteiligungsverwaltungs GmbH Relationship with Kommunalkredit Controlling parent Registered office Vienna, Austria, Comp.Reg. no 428981f 99,80% in Kommunalkredit Kommunalkredit Austria AG is 99.8% owned by Satere Beteiligungsverwaltungs GmbH (Satere) and 0.2% by the Austrian Association of Municipalities. Satere is indirectly owned by funds and investment companies managed by Altor Fund Manager AB (80.2%), as well as by minority investors. Other receivables include EUR 32.9 thousand (31/12/2025: EUR 28.7 thousand) to Green Opera Finance Invest AB. 2025, Kommunalkredit closed the framework contracts for the fiduciary management of loans with Trinity Investments Designated Activity Company (Trinity) and a related party of Trinity. Commission income of EUR 118.7 thousand was generated from the fiduciary management of these transactions in the interim reporting period of the prior year.

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56 CONSOLIDATED INTERIM FINANCIAL STATEMENTS Tax group With effect from 2016, a tax group was formed pursuant to § 9 of the Austrian Corporate Income Tax Act (KStG) with Satere as the group parent. As of 30 June 2026, the group members include Kommunalkredit, Kommunalkredit Public Consulting GmbH (KPC), Florestan KA GmbH and Florestan KA Hydrogen GmbH. Relationships with associated companies Off-balance sheet commitments to PeakSun Holding GmbH, which is accounted for using the equity method, exist in the form of equity contributions of EUR 7,081.8 thousand (31/12/2025: EUR 7,327.5 thousand). Transactions with key management personnel Key management personnel are persons who are directly or indirectly responsible for planning, managing, and supervising the ac- tivities of Kommunalkredit. Kommunalkredit considers the members of the Management Board and the Supervisory Board to be key management personnel. As of 30 June 2026 as in the previous year, there were no outstanding loans/advances to members of the Management Board or members of the Supervisory Board, nor did Kommunalkredit have any liabilities for these persons. Vienna, 11 August 2026 Jacques Ripoll Chief Executive Officer Sebastian Firlinger Member of the Executive Board Nima Motazed Member of the Executive Board John Weiland Member of the Executive Board

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NOTES ON THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 57

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58 STATEMENT BY LEGAL REPRESENTATIVES We hereby confirm to the best of our knowledge that the interim consolidated financial statements prepared in accordance with the relevant accounting standards present a true and fair view of the assets, the financial position and the income of the Group, and that the Group Management Report for the first half of the year conveys a true and fair view of the assets, the financial position and the income of the Group with regard to the main events during the first six months of the financial year and their impact on the interim consolidated financial statements, as well as with regard to the essential risks and uncertainties for the remaining six months of the financial year. Vienna, 11 August 2026 Jacques Ripoll Chief Executive Officer Sebastian Firlinger Member of the Executive Board Nima Motazed Member of the Executive Board John Weiland Member of the Executive Board

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59 Translation of the Report on the Review of the condensed Interim Consolidated Financial Statements Introduction We have reviewed the accompanying condensed interim consolidated financial statements of Kommu- nalkredit Austria AG, Vienna, Austria for the period from January 1, 2026 to June 30, 2026. These condensed interim consolidated financial statements comprise the consolidated statement of financial position as of June 30, 2026 and the Consolidated Interim Statement of comprehensive income, the Consolidated inter- im statement of changes in equity, the Consolidated interim statement of cash flows for the period from January 1, 2026 to June 30, 2026 and the notes, summarizing the significant accounting policies and other explanatory notes. Management is responsible for the preparation of the condensed interim consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS’s) issued by the International Ac- counting Standards Board (IASB) for interim reporting as adopted by the EU. Our responsibility is to express a conclusion on these condensed consolidated interim financial statements based on our review. Our liability towards the Company and towards third parties is limited in accordance with Section 275 para. 2 of the Austrian Commercial Code (UGB). Scope of review We conducted our review in accordance with Austrian Standards for Chartered Accountants, in particular in compliance with KFS/PG 11 „Principles of Engagements to Review Financial Statements”, and with the Inter- national Standard on Review Engagements (ISRE 2410) „Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial statements is limited primarily to making inquiries, primarily of Company personnel, responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit con- ducted in accordance with Austrian Standards on Auditing and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing came to our attention that causes us to believe that the accompanying con- densed interim consolidated financial statements are not prepared, in all material respects, in accordance with the International Financial Reporting Standards (IFRS’s) issued by the International Accounting Stand- ards Board (IASB) for Interim Reporting as adopted by the EU.

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60 Statement on the consolidated management report to the condensed interim consolidated financial statements and on management’s statement in accordance with Section 125 Austrian Stock Exchange Act (BörseG) We have read the consolidated management report to the condensed interim consolidated financial state- ments and evaluated whether it does not contain any apparent inconsistencies with the condensed interim consolidated financial statements. Based on our evaluation, the consolidated management report to the condensed interim consolidated financial statements does not contain any apparent inconsistencies with the condensed interim consolidated financial statements. The interim financial information contains the statement by management in accordance with Section 125 para. 1 subpara. 3 Austrian Stock Exchange Act. The interim consolidated financial statements together with our review report may be published or trans- mitted only as agreed by us. Any versions deviating from the one agreed by us (e.g. condensed version or translation into another language) are subject to Section 281 para. 2 UGB. Vienna, August 12, 2026 KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft qualified electronically signed: Bernhard Mechtler Wirtschaftsprüfer Austrian Chartered Accountant