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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47\u003c/p\u003e\n\u003cp\u003ePage 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710\u003c/p\u003e\n\u003cp\u003ePage 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862\u003c/p\u003e\n\u003cp\u003ePage 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200\u003c/p\u003e\n\u003cp\u003ePage 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.\u003c/p\u003e\n\u003cp\u003ePage 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887\u003c/p\u003e\n\u003cp\u003ePage 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director\u003c/p\u003e\n\u003cp\u003ePage 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940\u003c/p\u003e\n\u003cp\u003ePage 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726\u003c/p\u003e\n\u003cp\u003ePage 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.\u003c/p\u003e\n\u003cp\u003ePage 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.\u003c/p\u003e\n\u003cp\u003ePage 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.\u003c/p\u003e\n\u003cp\u003ePage 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.\u003c/p\u003e\n\u003cp\u003ePage 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.\u003c/p\u003e\n\u003cp\u003ePage 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.\u003c/p\u003e\n\u003cp\u003ePage 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).\u003c/p\u003e\n\u003cp\u003ePage 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.\u003c/p\u003e\n\u003cp\u003ePage 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.\u003c/p\u003e\n\u003cp\u003ePage 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.\u003c/p\u003e\n\u003cp\u003ePage 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.\u003c/p\u003e\n\u003cp\u003ePage 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567\u003c/p\u003e\n\u003cp\u003ePage 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.\u003c/p\u003e\n\u003cp\u003ePage 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437\u003c/p\u003e\n\u003cp\u003ePage 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921\u003c/p\u003e\n\u003cp\u003ePage 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.\u003c/p\u003e\n\u003cp\u003ePage 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)\u003c/p\u003e\n\u003cp\u003ePage 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)\u003c/p\u003e\n\u003cp\u003ePage 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)\u003c/p\u003e\n\u003cp\u003ePage 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )\u003c/p\u003e\n\u003cp\u003ePage 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )\u003c/p\u003e\n\u003cp\u003ePage 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.\u003c/p\u003e\n\u003cp\u003ePage 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .\u003c/p\u003e\n\u003cp\u003ePage 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.\u003c/p\u003e\n\u003cp\u003ePage 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602\u003c/p\u003e\n\u003cp\u003ePage 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783\u003c/p\u003e\n\u003cp\u003ePage 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47\u003c/p\u003e\n\u003cp\u003ePage 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099\u003c/p\u003e\n\u003cp\u003ePage 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099\u003c/p\u003e\n\u003cp\u003ePage 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).\u003c/p\u003e\n\u003cp\u003ePage 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )\u003c/p\u003e\n\u003cp\u003ePage 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .\u003c/p\u003e\n\u003cp\u003ePage 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase\u003c/p\u003e\n\u003cp\u003ePage 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.\u003c/p\u003e\n\u003cp\u003ePage 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4\u003c/p\u003e\n\u003cp\u003ePage 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773\u003c/p\u003e\n\u003cp\u003ePage 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920\u003c/p\u003e\n\u003cp\u003ePage 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210\u003c/p\u003e\n\u003cp\u003ePage 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298\u003c/p\u003e\n\u003cp\u003ePage 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .\u003c/p\u003e\n\u003cp\u003ePage 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.\u003c/p\u003e\n\u003cp\u003ePage 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467\u003c/p\u003e\n\u003cp\u003ePage 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984\u003c/p\u003e\n\u003cp\u003ePage 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.\u003c/p\u003e\n\u003cp\u003ePage 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010\u003c/p\u003e\n\u003cp\u003ePage 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .\u003c/p\u003e\n\u003cp\u003ePage 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .\u003c/p\u003e\u003c/div\u003e\n\u003cp class=\"abeng-source-link\"\u003eSource: \u003ca href=\"https://cdn.jamstockex.com/pd/2026/05/STANLEY-MOTTA-LIMITED-2025-FS.pdf\" target=\"_blank\" rel=\"noopener\"\u003eOriginal PDF\u003c/a\u003e\u003c/p\u003e","body_text":"STANLEY MOTTA LIMITED Financial Statements 31 December 202 5 Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56 PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates. Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group \u0026 Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information. Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process. Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit. In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026 Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47 Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710 Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862 Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200 Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end. Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887 Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940 Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726 Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end. Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods. Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company. Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment. Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency. Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows. Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d). Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item. Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged. Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate. Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers. Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567 Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss. Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437 Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921 Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances. Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509) Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294) Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412) Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 ) Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 ) Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments. Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants . Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment. Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602 Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783 Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47 Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099 Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099 Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil). Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 ) Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 . Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties. Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4 Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773 Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920 Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210 Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298 Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers . Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany. Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467 Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984 Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank. Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total
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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010 Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year . Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . 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Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

Kingston
Stanley motta limited (sml) audited financial statements for the year ended december 31, 2025

STANLEY MOTTA LIMITED Financial Statements 31 December 202 5

Stanley Motta Limited Index 31 December 2025 Page Independent Auditor’s Report to the Members Financial Statements Consolidated s tatement of comprehensive income 1 Consolidated statement of financial position 2 Consolidated s tatement of changes in equity 3 Consolidated s tatement of cash flows 4 - 5 Company s tatement of comprehensive income 6 Company s tatement of financial position 7 Company s tatement of changes in equity 8 Company s tatement of cash flows 9 - 10 Notes to the financial statements 1 1 - 56

PricewaterhouseCoopers, Scotiabank Centre, Duke Street, P.O. Box 372, Kingston, Jamaica T: (876) 922 6230, F: (876) 922 7581 www.pwc.com/jm B.L. Scott B.J. Denning G.A. Reece P.A. Williams R.S. Nathan C.I. Bell - Wisdom G.K. Moore T.N. Smith DaSilva K.D. Powell Independent auditor's report To the Members of Stanley Motta Limited Report on the audit of the consolidated and stand - alone financial statements Our opinion In our opinion, the consolidated financial statements and the stand - alone financial statements give a true and fair view of the consolidated financial position of Stanley Motta Limited (the Company) and its subsidiary (together 'the Group') and the stand - a lone financial position of the Company as at 31 December 2025, and of their consolidated and stand - alone financial performance and their consolidated and stand - alone cash flows for the year then ended in accordance with IFRS Accounting Standards and with t he requirements of the Jamaican Companies Act. What we have audited The Group's consolidated and stand - alone financial statements comprise: • the consolidated statement of financial position as at 31 December 2025; • the consolidated statement of comprehensive income for the year then ended; • the consolidated statement of changes in equity for the year then ended; • the consolidated statement of cash flows for the year then ended; • the company statement of financial position as at 31 December 2025; • the company statement of comprehensive income for the year then ended; • the company statement of changes in equity for the year then ended; • the company statement of cash flows for the year then ended; and • the notes to the financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code) as applicable to audits of financial statements of public interest entities . We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code. Our audit approach Audit scope As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the consolidated and stand - alone financial statements. In particular, we considered where management made subjective judgements; for example, in re spect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud. How we tailored our group audit scope We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the consolidated financial statements as a whole, taking into account the structure of the Group, the accounting processes and controls, and the in dustry in which the Group operates.

Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated and stand - alone financial statements of the current period. These matters were addressed in the context of our audit of the consolidated and stand - alone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Valuation of Investment Properties (Group & Company) Refer to notes 2(g), 4 and 15 to the financial statements for disclosures of related accounting policies and balances. Our approach to addressing the matter, with the assistance of our valuation experts, included the following procedures amongst others: Investment properties represented $13 . 5 million or 9 5.3 % of total assets for the Group and $11 . 3 million or 92. 9 % of total assets for the Company as at 31 December 2025. The determination of the fair value of investment properties requires significant judgement and is inherently subjective due to, among other factors, the individual nature of each property, their location and the expected future rental fo r each property. Management, with the assistance of independent valuation experts, used the income capitalisation approach, which consists of a discounted cash flow forecast to value the investment properties. The income capitalisation approach considers the following key assumptions, and changes to these may have a significant impact on the carrying value of the investment properties: o capitalisation factor ; o discount rate; and o estimation of rental income . Considering the magnitude of the investment properties , combined with the fact that a small percentage difference in individual property valuation assumptions, when aggregated, could result in a material misstatement, is why we focused on this area. • Evaluated the competence and objectivity of management's experts. This included confirming that they are appropriately qualified and not affiliated to the Group. • Obtained an understanding of the valuation methods used by management along with significant developments within the industry. • Evaluated the appropriateness of the valuation methodology used and its suitability for determining market value in accordance with the financial reporting framework. • Agreed rental income to signed rental agreements and other supporting documents including renewal terms for a sample of contracts. • Compared management's discount and capitalisation factor to those of comparable properties taking into account entity and industry risk factors as well as historical financial information.

Other information Management is responsible for the other information. The other information comprises the Annual Report (but does not include the consolidated and stand - alone financial statements and our auditor's report thereon), which is expected to be made available to us after the date of this auditor's report. Our opinion on the consolidated and stand - alone financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the consolidated and stand - alone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inc onsistent with the consolidated and stand - alone financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance. Responsibilities of management and those charged with governance for the consolidated and stand - alone financial statements Management is responsible for the preparation of the consolidated and stand - alone financial statements that give a true and fair view in accordance with IFRS Accounting Standards and with the requirements of the Jamaican Companies Act, and for such interna l control as management determines is necessary to enable the preparation of consolidated and stand - alone financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated and stand - alone financial statements, management is responsible for assessing the Group and Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc ern basis of accounting unless management either intends to liquidate the Group or the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated and stand - alone financial statements Our objectives are to obtain reasonable assurance about whether the consolidated and stand - alone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if , individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated and stand - alone financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the consolidated and stand - alone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the o verride of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Company's internal contr ol. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group or Co mpany's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated and stand - alone financial statements or, if such di sclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group or Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated and stand - alone financial statements, including the disclosures, and whether the consolidated and stand - alone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the Group as a basis for forming an opinion on the consolidated financial statements. We are respo nsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our i ndependence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated and stand - alone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse conse quences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on other legal and regulatory requirements As required by the Jamaican Companies Act, we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

In our opinion, proper accounting records have been kept, so far as appears from our examination of those records, and the accompanying consolidated and stand - alone financial statements are in agreement therewith and give the information required by the Ja maican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditor's report is Tricia - Ann Smith DaSilva. Chartered Accountants Kingston, Jamaica 2 7 May 2026

Page 1 Stanley Motta Limited Consolidated Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note

000
000 Revenue 6 8 60,732 564,106 Other operating income 7 155,624 1,576 Fair value gain on investment properties 15 1, 573,130 824,632 Administrative expenses 8 ( 390 ,568 ) (202,792) Net impairment loss es on financial assets 8 (11,544) - Operating Profit 2, 187,374 1,187,522 Finance cost 10 (140,636 ) (67,275) Profit before Taxation 2, 046,738 1,120,247 Taxation 11 (15,863 ) (5,396) Net Profit 2, 030,875 1,114,851 Other Comprehensive Income Items that may be reclassified to profit or loss Currency translation difference on net asset of foreign subsidiary 43,457 - Total Comprehensive Income 2, 074,332 1,114,851 Earning per stock unit for profit attributable to the equity holders of the Company during the year 12 2. 68 1.47

Page 2 Stanley Motta Limited Consolidated Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Approved for issue by the Board of Directors on May 27, 2026, and signed on its behalf by: Melanie Subratie Director Blondell Walker Director Note 2025

000 2024
000 Non - Current Assets $’000 $’000 Property, plant and equipment 14 3,499 1,099 Investment properties 15 13,519,138 11,138,771 Right - of - use assets 16 94,000 117,920 13, 616,637 11,257,790 Current Assets Receivables 18 1 47,877 106,097 Tax recoverable - 1,055 Due from related parties 24 7,162 - Cash and cash equivalents 19 516,132 124,310 671,171 231,462 Current Liabilities Payables 20 440,581 147,957 Taxation payables 5,930 - Due to related parties 24 6,230 8,609 Current portion of borrowings 26 327,190 179,034 Current portion lease liabilities 16 24,787 15,942 804,718 351,542 Net Current Liabilities (133,547) (120,080) 13,483,090 11,137,710 Shareholders’ Equity Share capital 21 811,933 811,933 Capital reserve 22 238,379 238,379 Cumulative translation reserve 23 175,039 131,582 Retained earnings 13 9,368,511 7,437,669 10,593,862 8,619,563 Non - Current Liabilities Borrowings 26 2,727,491 2,351,309 Lease liabilities 16 87,434 121,831 Long term payables 27 74,303 45,007 2,889,228 2,518,147 13,483,090 11,137,710

Page 3 Stanley Motta Limited Consolidated Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Capital Reserve Cumulative Translation Reserve Retained Earnings Total Note ‘000 $’000 $’000 $’000 $’000 $’000 Balance at 31 December 202 3 757,828 811,933 238,379 131,582 6,482,248 7,664,142 Net p rofit for the year , being total comprehensive income - - - - 1,114,851 1,114,851 Transactions with owners of the company : Dividends 28 - - - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 238,379 131,582 7,437,669 8,619,563 Net profit for the year - - - - 2, 030,875 2,030,875 Currency translation difference on net asset of foreign subsidiary - - - 43,457 - 43,457 Total comprehensive income - - - 43,457 2,030,875 2, 074,332 Transactions with owners of the company: Dividends 28 - - - - (100,033) (100,033) Balance at 31 December 202 5 757,828 811,933 238,379 175,039 9, 368 , 511 10, 593 , 862

Page 4 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash Flows from Operating Activities Net profit for the yea r 2,030,875 1,114,851 Adjusted for: Taxation 11 15,863 5,396 Depreciation 8 24,709 27,504 Interest income 7 (26) (26) Interest expense 10 135,121 72,260 Fair value gain on investment properties 1 5 ( 1,573,130 ) (824,632) Exchange loss/( gain ) on foreign currency balances 5 ,5 15 (10,5 28 ) 638, 927 384,82 5 Changes in operating assets and liabilities Receivables (40,725) ( 80,490 ) Long term payable 29,296 16,460 Due to other related parties (9,541) (1 3,965 ) Payables 25,459 ( 109,772 ) Deferred income - (30,462) Cash generated from operations 6 4 3 , 416 16 6,596 Taxation paid ( 9,932 ) (5,396) Cash provided by operating activities 6 3 3 , 484 16 1 , 200

Page 5 Stanley Motta Limited Consolidated Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 4 633,484 16 1 , 200 Cash Flows from Investing Activities Additions to investment proper ties (399,553) ( 602,460 ) Interest received 26 26 Cash used in investing activities (399,527) ( 602,434 ) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 60,648 ) ( 52,451 ) Lease payment 26 (25,552) ( 25,579 ) Long term loan received 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (85,333) ( 72,260 ) Cash provided by financing activities 1 5 8, 127 528,132 Effect of exchange rate changes on cash and cash equivalents (262) (853) Increase in cash and cash equivalents 392,084 86,898 Cash and cash equivalents at beginning of year 124,310 38, 265 C ash and Cash Equivalents at End of Year 19 516,132 124,310 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 6 Stanley Motta Limited Company Statement of Comprehensive Income Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Revenue 6 7 41,999 473,241 Other operating income 7 155,598 1,602 Fair value gains on investment properties 15 1, 131,954 509,477 Administrative expenses 8 ( 342,89 7 ) (173,650) Net impairment losses on financial assets 8 (11,544) - Operating Profit 1, 675 , 110 810,670 Finance cost 10 (127,185) (54,783) Profit before Taxation 1, 547,925 755,887 Taxation 11 (1 ,625 ) - Net Profit, being Total Comprehensive Income 1, 546,300 755,887

Page 7 Stanley Motta Limited Company Statement of Financial Position 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Note 2025 000 2024 000 Non - Current Assets Property, plant and equipment 14 3,499 1,099 Investment properties 15 11,313,895 9,418,381 Right - of - use assets 16 94,000 117,920 Investment in subsidiary 17 151,765 151,765 11,563,159 9,689,165 Current Assets Receivables 18 127,811 96,298 Due from related parties 24 7,162 - Cash and cash equivalents 19 475,154 111,092 610,127 207,390 Current Liabilities Payables 20 429,792 139,051 Taxation Payables 5,931 - Due to related parties 24 98,467 98,467 Current portion of borrowings 26 316,602 169,397 Current portion of lease liabilities 16 24,787 15,942 875,579 422,857 Net Current Liabilities (265,452) (215,467) 11,297,707 9,473,698 Shareholders’ Equity Share capital 21 811,933 811,933 Retained earnings 7,694,007 6,247,740 8,505,940 7,059,673 Non - Current Liabilities Borrowings 26 2,633,187 2,247,187 Lease liabilities 16 87,434 121,831 Long term payables 27 71,146 45,007 2,791,767 2,414,025 11,297,707 9,473,698 Approved for issue by the Board of Directors on May 27, 2026, a nd signed on its behalf by: Melanie Subratie Director Blondell Walker Director

Page 8 Stanley Motta Limited Company Statement of Changes in Equity Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) Number of shares Share Capital Retained Earnings Total Note ‘000 000 000 000 Balance at 31 December 2023 757,828 811,933 5,651,283 6,463,216 Net p rofit, being Total Comprehensive Income for the Year - - 755,887 755,887 Transactions with owners of the company: Dividends 28 - - (159,430) (159,430) Balance at 31 December 2024 757,828 811,933 6,247,740 7,059,673 Net p rofit, being Total Comprehensive Income for the Year - - 1,546,300 1,546,300 Transactions with owners of the company: Dividends 28 - - (100, 033 ) (100, 033 ) Balance at 31 December 2025 757,828 811,933 7, 694,007 8, 505 , 940

Page 9 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 202 5 202 4 Note 000 000 Cash Flows from Operating Activities Net profit for the year 1,546,300 755,887 Adjusted for: Taxation 11 1,625 - Depreciation 8 24,709 27,504 Interest income 7 - (23) I n terest expense 10 121 , 793 59,768 Fair value gain on investment properties 15 (1, 131,954) (509,477) Exchange losses on foreign currency balances 5,392 - 5 67, 86 5 333,659 Changes in operating assets and liabilities Receivables ( 31, 514 ) (73,691) Due to related parties (7,161) (37,720) Long term payable 26,139 16,459 Payables 31,074 (110,981) Cash provided by operating activities 586,403 127,726

Page 10 Stanley Motta Limited Company Statement of Cash Flows Year ended 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2025 2024 Note 000 000 Cash provided by operating activities brought forward from page 8 586,403 127,726 Cash Flows from Investing Activities Additions to investment propert ies (399,553) (602,460) Interest received - 23 Cash used in investing activities (399,553) (602,437) Cash Flows from Financing Activities Repayment of long - term loan 26 ( 51,700 ) (42,457) Lease payment 26 (25,552) (25,579) Addition of long - term loan 529,725 737,820 Dividend paid 28 (200,065) (59,398) Interest paid (72,005) (59,768) Cash provided by financing activities 1 8 0, 403 550,618 Effect of exchange rate changes on cash and cash equivalents (3,191) (1,186) Increase in cash and cash equivalents 367,253 75,907 Cash and cash equivalents at beginning of year 111,092 36,371 C ash and Cash Equivalents at End of Year 19 475,154 111,092 Significant non - cash transaction: Investing activities : Additions to investment property exclude construction costs of $364,007,000 incurred during the period that remained payable at year end.

Page 11 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1. Identification and Principal Activity Stanley Motta Limited, (the Company) is a company limited by shares incorporated and domiciled in Jamaica. The Company is publicly listed on the Jamaica Stock Exchange and its registered office is located at 58 Halfway Tree Road, Kingston 10, Jamaica. The company together with wholly owned subsidiary, Unity Capital Incorporated, incorporated and resident in St. Lucia, is referred to as 'the Group'. The principal activities of the Group are the rental and management of commercial real estate. 2. Material Accounting Polic y Information (a) Basis of preparation The consolidated financial statements of the Group and separate financial statements of the company have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain items of I nvestment P ropert ies . The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group ’s accounting policies. Although these estimates are based on managements’ best knowledge of current events and action, actual results could differ from those estimates. The areas involving a higher degree of judgement or complexity, or areas where assumpt ions and estimates are significant to the f inancial statements are disclosed in Note 4. Standards, interpretations and amendments to existing standards effective in the current year Certain new standards, amendments and interpretations to existing standards have been published that became effective during the current financial year. The Group has assessed the relevance of all such new standards, interpretations and amendments and has affected the following, which are immediately relevant to its operations: Amendments to IAS 21, ‘The Effects of Changes in Foreign Exchange Rates’, - Lack of Exchangeability, (effective for accounting periods starting on or after 1 January 2025). This is relevant if an entity has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date fo r a specified purpose. A currency is exchangeable when there is an ability to obtain the other currency (with a normal administrative delay), and the transaction would take place through a market or exchange mechanism that creates enforceable rights and ob ligations. The amendments d id not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.

Page 12 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (a) Basis of preparation (continued) Standards, interpretations and amendments to published standards that are not yet effective and have not been early adopted by the Company The Group has concluded that the following standards, which are published but not yet effective, are relevant to its operations and will impact the Group’s accounting policies and financial disclosures as discussed below. These standards and amendments to existing standards are mandatory for the Group’s acco unting periods beginning after 1 January 202 5 , but the Group has not early adopted them: Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments (effective for annual periods beginning on or after 1 January 2026). These amendments: • clarify the requirements for the timing of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system; • clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion; • add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and • make updates to the disclosures for equity instruments designated at Fair Value through Other Comprehensive Income (FVOCI). Annual improvements to IFRS – Volume 11 (effective for accounting periods starting on or after 1 January 2026). Annual improvements are limited to changes that either clarify the wording in an Accounting Standard or correct relatively minor unintended consequences, oversights or conflicts between the requirements in the Accounting Standards. The 2025 amendments are to the following standards: • IFRS 1 First - time Adoption of International Financial Reporting Standards; • IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7; • IFRS 9 Financial Instruments; • IFRS 10 Consolidated Financial Statements; and • IAS 7 Statement of Cash Flows IFRS 18, ‘Presentation and Disclosure in Financial Statements’ (effective for annual periods beginning on or after 1 January 2027 with earlier application permitted ). This is the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to: • the structure of the statement of profit or loss; • required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management - defined performance measures); • enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. The Company is currently assessing the impact of these amendments. There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have a material impact on the Company.

Page 13 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation Subsidiaries Subsidiaries are all entities over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. The group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition - related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition - by - acquisition basis, the group recognises any non - controlling interest in the acquiree either at fair value or at the non - controlling interest’s proportionate share of the acquiree’s net assets. In the company stand - alone financial statements, investments in subsidiaries are accounted for at cost less impairment. Cost is adjusted to reflect changes in consideration arising from contingent consideration amendments. Cost also includes direct attributable costs of investment.

Page 14 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (b) Consolidation (continued) Subsidiaries (continued) The excess of the consideration transferred, the amount of any non - controlling interest in the acquiree and the acquisition - date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired in the case of a bargain purchase, the difference is recognised directly in the statement of comprehensive income. Inter - company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. The Group’s subsidiary, country of incorporation, and the Group’s percentage i nterest are as follows: Country of incorporation Group’s Percentage Interest 2025 2024 Unity Capital Incorporated St. Lucia 100 % 100 % (c) Income recognition Rental income Revenue comprises the invoiced value of rental and maintenance charges net of General Consumption Tax. Revenue from maintenance charges are recognised in the period earned. Rental income from operating leases is recognised on a straight - line basis over the lease term. The Group currently does not provide incentives to its tenants . The G roup assesses the individual elements of the lease agreements and assess es whether these individual elements are separate performance obligations. Where the contracts include multiple performance obligations, and/or lease and non - lease components, the transaction price is allocated to each performance obligation (lease and non - lease component) based on the stand - alone selling prices. These selling prices are predominantly fixed price per the agreements where the tenant pays the fixed amount based on a payment schedule. If the services rendered should exceed the payment, a contract asset is recognised. If the payments exceed the services rendered, a contract liability is recognised. Revenue is measured at the transaction price agreed under the contract. The group currently does not have arrangements that include deferred payment terms. A receivable is recognised when services are provided as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due. (d) Foreign currency translations Functional and presentation currency Items included in the financial statements of each of the G roup’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial statements are presented in Jamaican dollars, which is the Company ’s functional and presentation currency.

Page 15 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (d) Foreign currency translations (continued) Transactions and balances (continued) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the financia l period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. The foreign exchange differences arising from the translation of the results and financial position of the Group’s entities that have a functional currency other than Jamaican dollars are recognised in other comprehensive income. Such exchange differences are recognised in profit or loss where the related Group entity is sold or partially sold . At the year end, monetary assets and liabilities denominated in foreign currency are translated using the buying and selling rate of exchange rate of the transactions and unrealised foreign exchange differences on unsettled foreign currency monetary assets and liabilities are recognised in the statement of comprehensive income . (e) Income taxes Taxation expense in the statement of comprehensive income comprises current tax charges. Current tax charges are based on taxable profits for the year, which differ from the profit before tax reported because it excludes items that are taxable or deductible in other years, and items that are never taxable or deductible. The group’s liability f or current tax is calculated at tax rates that have been enacted at the year end. The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022. Based on the company’s tax status resulting in uncertainty of its ability to utilize tax losses in the foreseeable future, defe rred taxes resulting therefrom are not recognised. The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the current year the company earned rental income from entities with which they shared common control; hence the 25% tax rate was applicable during the period. The group’s subsidiary, Unity Capital Incorporated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. Deferred tax is the tax expected to be paid or recovered on differences between the carrying amounts of assets and liabilities and the corresponding tax bases. Deferred income tax is using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Currently enacted tax rates are used in the determination of deferred income tax. Due to the fact that the Company was granted special economic zone status, the Group has not recognised deferred taxes . Current tax assets and liabilities are offset when they arise from the same taxable entity, relate to the same tax authority and when the legal right of offset exists. (f) Impairment of non – current assets Property, plant and equipment and other non - current assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carryi ng amount of the asset exceeds its recoverable amount, which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash f lows.

Page 16 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (g) Investment properties Investment properties comprise land and buildings. Investment properties are carried at fair value, representing the open market value determined annually by external valuers. These valuations are done annually by independent valuators. Changes in fair values are recorded in the statement of co mprehensive income. Investment property under construction is measured at fair value. (h) Borrowings and borrowings costs Borrowings are recognised initially at the proceeds received, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost and any difference between net proceeds and the redemption value is recognised in the statement of comprehensive income over the period of the borrowings using the effective yield method. General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to th e cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the p eriod in which they are incurred. (i) Financial instrument s A financial instrument is any contract that gives rise to both a financial asset in one entity and a financial liability or equity of another entity. Financial instruments carried on the Statement of Financial Position include cash and cash equivalents, receivables, payables and borrowings . The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The determination of the fair values of the company’s financial instruments is discussed in Note 3(d).

Page 17 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued ) (i) Financial instruments (continued) Financial as sets Trade receivables Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, in which case they are recognised at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows. The cash flows of the company’s trade receivables are solely payments of principal and interest (SPPI). After initial recognition at fair value, the company measures trade receivables at amortised cost using the effec tive interest method. Other Financial Assets at Amortised Cost The Group classifies its other financial assets as at amortised cost only if both the asset is held within a business model the objective of which is to collect the contractual cash flows and the contractual terms give rise to cash flows that are solely pa yments of principal and interest. Other financial assets at amortised cost include cash and bank balances, balances dues from related parties and other receivables. Impairment The Group’s trade receivables and other financial assets at amortised cost are subject to the expected credit loss model in the determination of impairment. While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified impairment loss was immaterial. The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles for services provided over a period of 36 months respectively and the corresponding historical credit losses experienced within this period. The Group has identified the GDP and the inflation rate to be the most relevant factors and accordingly adjusts the historical loss rates based on expected changes in these factors. Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the G roup, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited aga inst the same line item.

Page 18 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (i) Financial instrument s (continued) Financial liabilities The G roup’s financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method. At the reporting date, payables were classified as financial liabilities. (j) Cash and cash equivalent s Cash and cash equivalents are carried in the statement of financial position at amortised cost. For the purpose of the cash flow statement, cash and cash equivalents comprise cash and bank balances. (k) Payables Trade and other payables are stated at amortised cost. (l) Share capital Ordinary shares and non - redeemable cumulative preference shares where the declaration of dividends is discretionary are classified as equity instruments. (m) Dividends Dividends are recorded as a deduction from equity in the period in which they are approved. (n) Related parties A party is related to the Group, if (i) Directly, or indirectly through one or more intermediaries, the party: (a) is controlled by, or is under common control with the Group ; (b) has a direct or indirect interest in the Group that gives influence ; or (c) has joint control over the Group ; (ii) the party is an associate of the Group ; (iii) the party is a joint venture of the Group ; (iv) the party is a member of the key management personnel of the Group ; (v) the party is a close member of the family of any individual referred to in ( i ) or (iv) (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in such entity resides with, directly or indirectly, any individual referred to in ( iv) ; or (vii) the party is a post - employment benefit plan for the benefit of employees of the Group, or of any entity that is a related party of the Group. A related party transaction is a transfer of resources, services or obligated between related parties, regardless of whether a price is charged.

Page 19 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (o) I nvestment in subsidiary Investment in subsidiary is stated at cost. (p) Leases Lessee The Group leases commercial land and building. Rental contracts are typically made for fixed periods of 1 to 20 years but may have extension options as described below. Contracts may contain both lease and non - lease components. The Group allocates the consideration in the contract to the lease and non - lease components based on their relative stand - alone prices. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leases are recognised as a right - of - use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in - substance fixed payments), less any lease incentives receivable; • Variable lease payments that are based on an index or a rate; • Amounts expected to be payable by the lessee under residual value guarantees; • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the G roup, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right - of - use asset in a similar economic environment with similar te rms, security and conditions. To determine the incremental borrowing rate, the Group: • where possible, uses recent third - party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received; and • makes adjustments specific to the lease, e.g. term, country, currency and security. If a readily observable amortising loan rate is available to the individ ual lessee (through recent financing or market data) which has a similar payment profile to the lease, then the G roup entities use that rate as a starting point to determine the incremental borrowing rate.

Page 20 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2. Material Accounting Policies (Continued) (p) Leases (continued) Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right - of - use assets are measured at cost comprising the following: • the amount of the initial measurement of lease liability ; • any lease payments made at or before the commencement date less any lease incentives received; • any initial direct costs, and • restoration costs. Right - of - use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight - line basis. If the Group is reasonably certain to exercise a purchase option, the right - of - use asset is depreciated over the underlyi ng asset’s useful life. Payments associated with short - term leases are recognised on a straight - line basis as an expense in profit or loss. Short - term leases are leases with a lease term of 12 months or less. 3. Financial Risk Management The Group ’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk and cash flow interest rate risk), credi t risk and liquidity risk. The Group ’s risk management activities set risk limits and controls an d monitor the risks and adherence to limits. The Board of Director s is ultimately responsible for the establishment and oversight of the Group ’s risk management framework. The Board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, and investment of excess liquidity. There have been significant changes to the Group’s exposure to financial risks, primarily arising from the leasing of the Unit 1 building and the incurrence of additional debt. These risks are managed in accordance with the Group’s established risk managem ent policies and procedures . (a) Credit risk The Group takes on exposure to credit risk, which is the risk that a party to a financial instrument will fail to discharge their contractual obligation and cause the other party to incur a loss. Credit exposures arise principally from receivables and cash at bank . T he company assesses its credit losses, using the expected credit loss model, discussed in Note 2 ( i ). (i) Trade and other receivable s The Group and the C ompany’s policy are to invoice customers in advance to limit its credit risk exposure . During the year, the Group provided a m oratorium to several customers which allowed for deferred rental payments. The moratorium arrangement was to allow for the fit - out of the rented space and was honoured by the customers.

Page 21 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a) Credit risk (continued) (ii) Cash at bank Cash is held with high credit quality financial institutions. Maximum exposure to credit risk The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Receivables 84,972 33,870 70,235 31,496 Cash and cash equivalents 516,132 124,310 475,154 111,092 601,104 158,180 545,389 142,588 Loss allowance Over the term of the financial asset, the Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit loss rates, the Group considers historical loss rates for each category of financial assets and adjusts forward - looking macroeconomic data. Historical loss rates are adjusted to reflect current and forward - looking information on macroeconomic factors affecting the ability of the subsidiary to settle the receivables. The C ompany has identified indicators such as trends, concentration risk and macroeconomic fundamentals, and accordingly adjusts the historical loss rates based on expected changes in these factors. The Group 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 99,083 14,111 14.24% % 36,437 2,567 7.05% 99,083 14,111 36,437 2,567 The Company 202 5 202 4 Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate Gross Carrying Amount $’000 Loss Allowance $’000 Expected loss rate 9 0 days or more 84,346 14,111 16.73 % 34,063 2,567 7.54% 84,346 14,111 34,063 2,567

Page 22 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (a ) Credit risk (continued) Loss allowance (continued) Movements on the provision for impairment of trade receivables are as follows: The Group and Company 202 5 $’000 202 4 $’000 At 1 J anuary 2,567 2,567 In crease in expected credit loss 11,544 - At 31 December 14,111 2,567 Assets written off Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the company. The company categorises receivables for write off when a debtor fails to make contractual payment s, even after several attempts at enforcement and/or recovery efforts. Where receivables have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognise d in profit or loss.

Page 23 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk Liqui dity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due. The Group manages its liquidity risk through monitoring outstanding balances and accessing funding in advance of amounts becoming due. Liquidity risk management process The Group's and Company’s liquidity management process includes: (i) Monitoring future cash flows and liquidity on a regular basis. This incorporates an assessment of expected cash flows and the availability of high - grade collateral which could be used to secure funding if required ; and (ii) Managing the concentration and profile of debt maturities Undiscounted cash flows of financial liabilities The maturity profile of the Group ’s and the Company’s financial liabilities at year end based on contractual undiscounted payments was as follows: The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2025 Liabilities Payables 1 8,894 30,706 390, 981 - - 440,581 Due to related parties - 6,230 - - - 6,230 Borrowings - 191,798 426,030 2,226,447 1,465,088 4, 309,363 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payables - - - 74,303 - 74,303 Total financial liabilities 1 8,894 238,786 840,820 2,348,750 1, 525 , 088 4,972,338 The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Liabilities Payables 105,659 42,298 - - - 147,957 Due to related parties - 8,609 - - - 8,609 Borrowings 8,035 89,803 293,514 1,956,760 1,397,366 3,745,478 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payables - - - 45,007 - 45,007 Total financial liabilities 116,933 147,188 322,670 2,083,629 1,503,017 4,173,437

Page 24 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (b) Liquidity risk (continued) Undiscounted cash flows of financial liabilities (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 5 Liabilities Payables 11, 609 27,203 390,980 - - 429,792 Due to related part ies - 98,467 - - - 98,467 Borrowings - 186,671 410,650 2,144,422 1,422,367 4,1 6 4, 110 Lease liability - 10,052 23,809 48,000 60,000 141,861 Long - term payable s - - - 71,146 - 71,146 Total financial liabilities 11, 609 322,393 825,439 2,263,568 1, 482 , 367 4,905,376 The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Total $’000 $’000 $’000 $’000 $’000 $’000 202 4 Liabilities Payables 102,690 36,361 - - - 139,051 Due to related part ies - 98,467 - - - 98,467 Borrowings 6,326 86,385 278,134 1,854,229 1,352,936 3,578,010 Lease liability 3,239 6,478 29,156 81,862 105,651 226,386 Long - term payable s - - - 45,007 - 45,007 Total financial liabilities 112,255 227,691 307,290 1,981,098 1,458,587 4,086,921

Page 25 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk The Company takes on exposure to market risks, which is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risks mainly arise from changes in foreign currency exchange rate s and interest rates. Market risk exposures are measured using sensitivity analysis. There has been no change to the Company’s exposure to market risks or the manner in which it manages and measures the risk. (i) Currency r isk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The group is exposed to foreign exchange risk primarily with respect to the US dollar. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities. The group manages its foreign exchange risk by ensuring that the net exposure in foreign assets and liabilities is kept to an acceptable level by monitoring currency positions. The group further manages this risk by maximising foreign currency earnings an d holding foreign currency balances.

Page 26 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 84,027 945 84,972 Due from related parties - 7,162 7,162 Cash and cash equivalents 95,513 420,619 516,132 Total financial assets 179,540 428,726 6 08,266 Financial Liabilities Payables 438,935 1,646 440,581 Long term payable - 74,303 74,303 D ue to related parties - 6,230 6,230 Borrowings 7 39 , 549 2,315,132 3, 054 , 681 Lease liability 112,221 - 112,221 Total financial liabilities 1, 290 , 705 2, 397 , 311 3, 688 , 016 Net financial position (1, 111,165 ) (1, 968 , 585 ) (3,0 79,750 ) The Group Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 31,996 1,874 33,870 Cash and cash equivalents 2,976 121,334 124,310 Total financial assets 34,972 123,208 158,180 Financial Liabilities Payables 147,925 32 147,957 Long term payable - 45,007 45,007 Due to related parties - 8,609 8,609 Borrowings 727,843 1,802,500 2,530,343 Lease liability 137,773 - 137,773 Total financial liabilities 1,013,541 1,856,148 2,869,689 Net financial position (978,569) (1,732,940) (2,711,509)

Page 27 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) Concentrations of currency risk (continued) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 5 Financial Assets Receivables 69,290 945 70,235 Due from related parties - 7,162 7,162 Cash and cash equivalents 81,782 393,372 475,154 Total financial assets 1 51,072 401,479 5 52 ,551 Financial Liabilities Payables 428 , 450 1,342 429,792 Due to related parties - 98,467 98,467 Long term payable - 71,146 71,146 Borrowings 634,657 2,315,132 2, 949 , 789 Lease 112,221 - 112,221 Total financial liabilities 1,175,32 8 2, 486,087 3,6 61 , 415 Net financial position ( 1,024,256 ) (2, 084 , 608 ) ( 3,108,864 ) The Company Jamaican$ US$ Total J$ ’000 J$ ’000 J$ ’000 202 4 Financial Assets Receivables 30,551 945 31,496 Cash and cash equivalents 20 111,072 111,092 Total financial assets 30,571 112,017 142,588 Financial Liabilities Payables 137,709 1,342 139,051 Due to related parties - 98,467 98,467 Long term payable - 45,007 45,007 Borrowings 614,084 1,802,500 2,416,584 Lease 137,773 - 137,773 Total financial liabilities 889,566 1,947,316 2,836,882 Net financial position (858,995) (1,835,299) (2,694,294)

Page 28 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (i) Currency r isk (continued) The following table indicates the currencies to which the Company had significant exposure on its monetary assets and liabilities and its forecast cash flows. The change in currency rate below represents management’s assessment of the possible change in fo reign exchange rates. The sensitivity analysis represents outstanding foreign currency denominated monetary items and adjusts their translation at the year - end for the percentage change in foreign exchange rates as noted below. The sensitivity of the profi t was mainly as a result of foreign exchange gains on translation of foreign currency - denominated trade receivables, cash, short - term deposits, trade payables and borrowings. The percentage change in the currency rate will impact each financial asset/liabi lity included in the sensitivity analysis differently. Consequently, individual sensitivity analyses were performed. The Group % Change in Currency Rate Effect on profit before tax 20 2 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 19,965 1 17,329 USD – Devaluation (5) (99,825 ) (4) (69,318) The Company % Change in Currency Rate Effect on profit before tax 202 5 $’000 % Change in Currency Rate Effect on profit before tax 202 4 $’000 Currency: USD – Revaluation 1 21, 219 1 18,353 USD – Devaluation (5 ) (106,096 ) (4) (73,412)

Page 29 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk Interest rate risk is the risk that the value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Floating rate instruments expose the group to cash flow interest risk, whereas fixed interest rate instruments expose the group to fair value interest risk. The group’s interest rate risk policy requires it to manage interest rate risk by maintaining an appropriate mix of fixed and variable rate instruments. The policy also requires it to manage the maturities of interest - bearing financial assets and interest - bearing financial liabilities. The following tables summarises the exposure to interest rate risk. It includes the financial instruments at carrying amounts, categorised by the earlier of contractual repricing or maturity dates. The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 202 5 Financial Assets Receivables - - - - - 84,972 84,972 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 516,113 - - - - 19 516,132 Total financial assets 516,113 - - - - 92,153 6 08,266 Financial Liabilities Payables - - - - - 440,581 440,581 D ue to related parties - - - - - 6,230 6,230 Long term payable - - - - - 74,303 74,303 Borrowings - 14,652 2,213,838 339,576 436,827 49,788 3, 054 , 681 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 22,319 2,230,958 427,010 436,827 570,902 3, 688 , 016 Total interest repricing gap 516,113 (22,319) (2,230,958) (427,010) (436,827) (478,749 ) ( 3,079,750 )

Page 30 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Group Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 2024 Financial Assets Receivables - - - - - 33,870 33,870 Cash and cash equivalent 124,290 - - - - 20 124,310 Total financial assets 124,290 - - - - 33,890 158,180 Financial Liabilities Payables - - - - - 147,957 147,957 D ue to related parties - - - - - 8,609 8,609 Long term payable - - - - - 45,007 45,007 Borrowings 3,439 39,895 135,768 1,169,925 1,181,316 - 2,530,343 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 5,570 44,206 156,788 1,210,996 1,250,556 201,573 2,869,689 Total interest repricing gap 118,720 (44,206) (156,788) (1,210,996) (1,250,556) (167,683) (2,711,509) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 5 Financial Assets Receivables - - - - - 70,235 70,235 Due from related parties - - - - - 7,162 7,162 Cash and cash equivalent 475,1 34 - - - - 20 475,15 4 Total financial assets 475,1 34 - - - - 77,417 552,551 Financial Liabilities Payables - - - - - 429,792 429,792 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 71,146 71,146 Borrowings - 12 ,725 2,205,721 285,283 396,922 49,788 2, 9 50,439 Lease liability - 7,667 17,120 87,434 - - 112,221 Total financial liabilities - 20,392 2,222,841 372,717 396,922 649,193 3,6 6 2,065 Total interest repricing gap 475,134 ( 20,392 ) ( 2,222,841 ) ( 372,717 ) ( 396,922 ) (5 71,776 ) (3, 10 9,514 )

Page 31 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) (ii) Interest rate risk (continued) The Company Within 1 Month 1 to 3 Months 3 to 12 Months 1 to 5 Years Over 5 Years Non – Interest Bearing Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 202 4 Financial Assets Receivables - - - - - 31,496 31,496 Cash and cash equivalent 111,072 - - - - 20 111,092 Total financial assets 111,072 - - - - 31,516 142,588 Financial Liabilities Payables - - - - - 139,051 139,051 Due to related parties - - - - - 98,467 98,467 Long term payable - - - - - 45,007 45,007 Borrowings 2,666 38,330 128,402 1,104,378 1,142,808 - 2,416,584 Lease liability 2,131 4,311 21,020 41,071 69,240 - 137,773 Total financial liabilities 4,797 42,641 149,422 1,145,449 1,212,048 282,525 2,836,882 Total interest repricing gap 106,275 (42,641) (149,422) (1,145,449) (1,212,048) (251,009) (2,694,294) Interest rate sensitivity The group and company have no significant se nsitivity to interest rate risk. (d) Fair values of investments Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The following tables provide an analysis of financial assets held as at the year - end that, subsequent to initial recognition, are measured at fair value. The financial assets are grouped into levels 1 to 3 based on the degree to which the fair value is obs ervable, as follows: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical instruments . • Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the instrument that are not based on observable market data (unobservable inputs). The amounts included in the financial statements for cash and cash equivalents, receivables, payables, and due to related party reflect their approximate fair values because of the short - term maturity of these instruments.

Page 32 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (e) Capital management The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cos t of capital. The Board of Directors monitors the return on capital, which the Group defines as net operating income divided by total shareholders’ equity. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total borrowings (including ‘current and non - current borrowings’ as shown in the statement of financial position) less cash and cash equivalents. Total capital is calculated as ‘equity’ as shown in the statement of financial position plus net debt. The Group The Company 202 5 202 4 202 5 202 4 Gearing ratio 19 % 2 2 % 23 % 2 5 % The Company is also exposed to externally imposed capital requirements through debt covenants as outlined in the loan agreements with a number of financial institutions. The Company is in c ompli ance with all its financial covenants .

Page 33 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 4. Critical Accounting Estimates and Judgments in Applying Accounting Policies The Group makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expe ctations of future events that are believed to be reasonable under the circumstances. i. Valuation of i nvestment properties Investment propert ies are carried in the statement of financial position at market value. The Group used independent qualified property appraisers to value its investment properties annually, generally using the income capitali s ation approach . This approach takes into consideration various assumptions and factors that require estimation and judgement. Assumptions are made about key factors , in particular rental income, capitali s ation factor , discount rate and vacancies . A change in any of these assumptions and factors could have a significant impact on the carrying value of the investment properties. ii. Determination of the classification of right - of - use asset The Company leases commercial property from its former parent company. As a condition of its license under the Special Economic Zone Act , it was required that th e leased commercial property be included in the designated s pecial economic zone based upon the landholdings and its previous inclusion as part of the Free Zone. In order to satisfy this requirement, the Company entered into a leasing arrangement for the full square footage of the commercial property and all existing leases in relation to the commercial property were assigned to the Company. The effect of this arrangement is that the Company holds a building under a lease and sub - lets square footage under operating lease s . The right - of - use asset that is recognised in relation to the head lease is not held for the intention of earning rent or holding for capital appreciation. The right - of - use asset is held for administrative purposes to satisfy the requirements of its business as a multi - purpose developer within the real estate management and de velopment sector. As a result of this, the right - of - use asset is classified a property, plant and equipment.

Page 34 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 5 . Segment Financial Reporting A segment is a distinguishable component of the Group that is engaged either in providing related products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subjec t to risks and rewards that are different from those of other segments. The main activities of the Group comprise the rental of properties in Kingston, Jamaica. These ac tivities are organised and reported on as one main business segment . The Group operates within a single geographic region — Jamaica — and specialises in providing rental properties to the BPO sector. The bulk of the Group’s revenue is generated from two principal tenants: one tenant accounts for approximately 5 7 % (2024 – 78%) of the Group’s total revenue and 66% (2024 – 93%) of the company’s total revenue, while another customer contributed around 12.4% of the Group’s total revenues for the year, both stemming from the property rental segment . 6. Revenue The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business process outsourcing sector 487,665 441,278 487,665 441,278 Technology sector 155,136 - 155,136 - Government 80,180 - 80,180 - Other 137,751 122,828 19,018 31,963 860,732 564,106 741,999 473,241 Revenue is earned on a monthly basis based on the contract terms with the customers. 7. Other Operating Income The Group The C ompany 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Interest income 26 26 - 23 GCT credit recognised 68,735 - 68,735 - Fit - out reimbursement 80,509 - 80,509 - Foreign exchange loss - (29) - - Other Income 6,354 1,579 6,354 1,579 15 5,624 1,576 155, 598 1,602

Page 35 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 8. Expenses by Nature Total direct, administration , other operating expenses and net impairment losses on financial assets : The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Administration fees 9,645 7,342 8,872 6,244 Advertisement 132 - 132 - Auditors’ remuneration 6,570 5,278 4,149 3,952 Depreciation (Notes 14 and 16) 24,709 27,504 24,709 27,504 Directors Expenses 2,250 1,425 2,250 1,425 Electricity 10,037 1,348 10,037 1,348 Insurance 1 64,171 16,500 1 46,240 12,436 Legal and professional fees 19,770 5,243 18,271 5,243 Other 7,029 3,399 6,45 7 2,832 Property Management Fees 77,196 51,553 68,354 43,059 Rates and taxes 1,727 1,740 999 1,009 Registration and subscription fees 3,408 5,858 3,408 5,858 Rental Expenses 7,553 16,938 7,553 16,938 Repair and maintenance 5, 182 9,821 4, 725 9,639 Salaries and related costs (Note 9) 4,521 4,407 4,521 4,407 Security 46,668 44,436 32,22 0 31,756 390,568 202,792 342,89 7 173,650 Net impairment losses on financial assets 11,544 - 11,544 - Total Administration Expenses 402,112 202,792 3 54 , 44 1 173,650 Audit fees for the year ended 31 Decembe r 2025 totalled $ 6,570,000 (202 4 : $ 5,278,000 ) and $ 4,149 ,000 (202 4 : $ 3,952,000 ) for the Group and Company respectively . Other fees paid to the auditor (and related network firms) for non - assurance services totalled $ 796 ,000 (202 4 : $ 719 ,000 ) . 9 . Salar ies and Related Cost s The Group and The Company 202 5 202 4 $’000 $’000 Salaries 4,057 3,788 Payroll taxes – employer portion 464 347 Other - 272 4,521 4,407 10. Finance Cost s The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Exchange losses /(gain) 5,51 5 (4,985) 5,392 (4,985) Interest on lease liability (Note 16d) 12,145 12,473 12,145 12,473 Loan interest 12 2 , 976 59,787 109, 648 47,295 1 40,63 6 67,275 127,185 54,783

Page 36 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 11 . Taxation (a) Taxation comprises income tax at 12.5 % (202 4 : 1 2 . 5 % ) on the profit for the year , adjusted for tax purposes: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Current income tax 15,863 5,396 1,62 5 - (b) The tax on the Group ’s profit before tax differs from the theoretical amount that would arise using the statutory tax rate as follows: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Profit before tax 2,046,738 1,120,247 1,547,925 755,888 Tax calculated at 12.5% (2024: 1 2 . 5% ) 255,842 140,031 193,491 94,482 Income taxed at 25% 62,352 45,549 - - Income not subject to tax ( 265,186 ) (146,876) ( 154,892 ) (68,088) Amount not deemed taxable under the Special Economic Zone Act (39,313) (29,656) (39,313) (29,656) Deferred tax asset not recognised (2,062) 2,063 (43) 2,063 Expenses not deductible for tax 2,566 1,578 2,566 1,578 Other 1,664 (7,293) (184) (379) 15,863 5,396 1,625 - The company was granted special economic zone status under the Special Economic Zone Act of Jamaica effective on 1 January 2022 . Based on the company’s tax status resulting in uncertainty of its ability to utili z e tax losses in the foreseeable future, deferred tax es resulting therefrom are not recognised . The tax rate applied to entities within the SEZ act is 12.5% and it is applied once the company is not renting space to entities with which they share common control. In the prior year the company earned rental income from entities with which they share d common control; hence the 25% tax rate was applicable during the period . In the current period they were no longer renting space to entities under common control, making them applicable to apply the 12.5% rate. The group’s subsidiary, Unity Capital Incorpo rated, is not a part of the Special Economic Zone Act and as such is taxed at a rate of 25%. 12 . Earnings per Stock Unit Earnings per stock unit is calculated by dividing the net profit attributable to stockholders of the Company by the weighted average number of ordinary stock units in issue, as follows. 202 5 $’000 202 4 $’000 Profit for the year attributable to ordinary s tock holders 2,030,875 1,114,851 Weighted average number of shares 757,828 757,828 Total basic and diluted earnings per s tock unit attributable to ordinary shareholders 2. 68 1.47

Page 37 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 13. Net Profit and Retained Earnings The net profit and retained earnings attributable to the shareholder s of the Group are reflected in the accounts of the Company and its subsidiaries as follows: 202 5 $’000 202 4 $’000 Net Profit The Company 1, 546 , 300 755, 887 Subsidiary 484, 57 5 358, 964 2,030,875 1,114,851 202 5 $’000 202 4 $’000 Retained Earnings The Company 7,694,007 6,247,740 Subsidiary 1, 674 , 504 1,189,929 9,368,511 7,437,669 14 Property, Plant and Equipment The Group Leasehold Improvements Machinery and Equipment Total $’000 $’000 $’000 Cost - 31 December 2023 and 2024 316 62,732 63,048 Additions - 3,191 3,191 316 65,923 66,239 Accumulated Depreciation - 1 January 2024 316 5 8 , 049 58, 365 Charge for the year - 3,717 3,717 Exchange rate adjustment - (133) (133) 31 December 2024 316 61,633 61,949 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 62,424 62,740 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 38 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 14. Property, Plant and Equipment (Continued) The Company Leasehold Improvements Machinery and Equipment Total C ost - $’000 $’000 $’000 31 December 2023 and 2024 316 44,943 45,259 Additions - 3,191 3,191 31 December 2025 316 48,134 48, 450 Accumulated Depreciation - 1 January 2024 316 40,260 40,576 Charge for the year - 3,584 3,584 31 December 2024 316 43,844 44,160 Charge for the year - 751 751 Exchange rate adjustment - 40 40 31 December 2025 316 44,635 44, 951 Net Book Value - 31 December 2025 - 3,499 3,499 31 December 2024 - 1,099 1,099

Page 39 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 5 . Investment Properties The Group Land Building Total $’000 $’000 $’000 Fair value - 1 January 202 4 1,775,609 7,777,100 9,552,709 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 804,332 824,632 Exchange differences 3,640 6,685 10,325 31 December 202 4 1,799,549 9,339,222 11,138,771 Capitalised subsequent expenditure - 763,5 60 7 63,560 Net gain from fair value adjustment - unrealised 2 37,846 1 ,335,284 1, 573 , 130 Exchange differences 8,557 35,120 43, 677 31 December 202 5 2,0 45,952 11, 4 73,186 13, 519 , 138 The Company Land Building Total $’000 $’000 $’000 Fair value - 1 January 2024 1,341,639 6,816,160 8,157,799 Capitalised subsequent expenditure - 751,105 751,105 Net gain from fair value adjustment - unrealised 20,300 489,177 509,477 31 December 2024 1,361,939 8,056,442 9,418,381 Capitalised subsequent expenditure - 763,560 763,560 Net gain from fair value adjustment - unrealised 1 51,409 980,545 1,131,954 31 December 2025 1, 5 13 , 348 9,8 00 , 547 1 1, 313 , 895 Realised fair value gains or losses relating to investment properties booked in the period amounted to Nil (2024 - Nil).

Page 40 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) i. Amounts recognised in profit or loss for investment properties The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Rental income from operating lease 8 60,732 564,106 7 41,999 473,241 Direct operating expenses from property that generated rental income 257,147 83,490 247,226 74,815 Direct operating expenses from property that did not generate rental income 49, 696 34,756 35,469 22,075 Fair value gain recognised 1, 573 , 130 824,632 1,131,954 509,477 ii. Measuring investment properties at fair value I nvestment properties were valued at current market value as at 31 December 2025 by NAI Jamaica Langford and Brown, independent qualified property appraisers and valuators. The values of the properties have been established using the income capitalisation approach, which uses as key inputs rental income from existing contracts, discount rate , capitali s ation factor and vacancies , reflective of a rate of return. The company has opted to present the fair values of its land and building separately. The fair values on the investment properties are at level 3 in the fair value hierarchy, as, consistent with the requirements of IFRS 13, certain of the inputs into the valuation process are deemed to be unobservable; those being the discount rate and capi tali s ation factor . Management considers the rental rates used in the calculations to be observable as they represent actual rentals which are unadjusted. An explanation of each level is provided in note 3. The valuations are done in United States dollars which means the exchange rate for the Jamaican dollar against the United States dollar will affect the valuation proportionately. The exchange rate used was 158. 93 ( 202 4 : 157 .25 )

Page 41 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) ii. Measuring investment properties at fair value (continued) The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties - - 13,519,138 13,519,138 The Group Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 4 Investment properties - - 11,138,771 11,138,771 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 202 5 Investment properties 11,313,895 11,313,895 The Company Level 1 Level 2 Level 3 Total $’000 $’000 $’000 $’000 2024 Investment properties - - 9,418,381 9,418,381 T here were no transfers between levels 1 and 2 for recurring fair value measurements during the year. There were no transfers into and out of level 3 measurements. The movement analysis table in cluded above shows the changes in Level 3 investment properties for the years ended 31 December 2025 and 31 December 2024 .

Page 42 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. I nvestment Properties (Continued) iii. Significant estimate – fair value of investment property The assumptions to which the fair values are most sensitive to are the capitali s ation factor and the discount rate The Group Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservable inputs to fair value s $’000 $’000 $’000 $’000 13,519,138 11,138,771 Income Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase The Company Fair value at December 202 5 Fair value at December 202 4 Valuation Technique Unobservable Inputs Value of unobservable inputs 202 5 Value of unobservable inputs 202 4 Relationship of unobservab le inputs to fair value $’000 $’000 $’000 $’000 11,313,895 9,418,381 I ncome Capitalisation Approach Capitalisation Factor 7% - 7.5% 7% - 7.5% If the capitalization rate increases/ (decreases), the fair value will decrease /increase Discount rates 8% - 8.5% 8% - 8.5% If the discount rate decreases/ increases, the fair value will decrease/increase

Page 43 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) iii. Significant estimate – fair value of investment property (continued) The increase or decrease in the key assumptions would have an effect on the fair value of investment properties as reflected below: The Group 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor (459,941) 518,620 (373,618) 460,453 Discount rate (481,187) 497,062 (379,571) 429,075 The Company 202 5 202 5 202 4 202 4 Increase Decrease Increase Decrease 0.50% 0.50% 0.50% 0.50% $’000 $’000 $’000 $’000 Capitalisation factor ( 378,788 ) 426,014 (313,977) 388,636 Discount rate ( 400,081 ) 412,205 (320,036) 361,505 iv. Non – current assets pledged as security Refer to note 2 6 for information on non - current assets pledged as security by the G roup . v. Leasing arrangements The investment properties are leased to tenants under operating leases with rentals payable monthly. Lease payments for some contracts include an annual increase. Although the G roup is exposed to changes in the residual value at the end of the current leases, the G roup typically enters into new operating leases and therefore will not immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties.

Page 44 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 15. Investment Properties (Continued) vi. Leasing arrangements (continued) Minimum lease payments receivable on leases of investment properties are as follows: The Group The Company 202 5 202 4 202 5 202 4 $’000 $’000 $’000 $’000 Within 1 year 898,555 584,650 822,844 515,019 Between 1 year and 2 years 951,968 561,903 872,955 487,986 Between 2 years and 3 years 981,531 582,107 899,144 505,095 Between 3 years and 4 years 944,069 585,964 944,069 522,916 Between 4 years and 5 years 991,273 796,108 991,273 696,108 4,767,396 3,110,732 4,530,285 2,727,12 4

Page 45 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 1 6 . Leases This note provides information for leases where the G roup and Company are les s ee s . (a) Amounts recognised in the statement of financial position The Group and Company 202 5 202 4 $’000 $’000 Right - of - use asset Property, plant and equipment 9 4,000 117,920 The right - of - use asset in the statement of financial position relate to leased commercial property. The Group and Company 202 5 202 4 $’000 $’000 Lease liability Current 24,787 15,942 Non - current 8 7,434 121,831 1 12,221 137,773

Page 46 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (b) Right - of - use asset The Group and Company $’000 Cost - At 31 December 202 4 233,466 At 31 December 202 5 233,466 Accumulated Depreciation - At 1 January 2024 91,626 Charge for the year 23,920 At 31 December 2024 115,546 Charge for the year 23,920 At 31 December 2025 139,466 Carrying Amount 3 1 December 2025 94,000 3 1 December 2024 117,920

Page 47 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 16. Leases (Continued) (c) Lease l iability The Group and Company $’000 At 1 January 2024 160,510 Addition 2,842 Lease payments (38,052) Interest 12,473 At 31 December 2024 137,773 Lease payments (37,697 ) Interest 1 2,145 At 31 December 2025 1 12,221 The incremental borrowing rate applied to the lease liabilit y i s 9 % ( 202 4 – 9.28 % ) . (d) Amounts recognised in the statement of profit or loss The Group and Company 202 5 202 4 $’000 $’000 Depreciation charge – right - of - use assets 23,920 23,920 Interest expense 1 2,145 12,473 Income from subleasing right - of - use assets 11,432 8,331 (e) Amounts recognised in statement of cash flows The Group and Company 202 5 2024 $’000 $’000 The total cash outflow for leases 3 7,697 3 5,210

Page 48 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 17. In vestment in Subsidiary The Company 202 5 $’000 202 4 $’000 Unity Capital Incorporated Shares, at cost 151,765 151,765 18. Receivables The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Trade receivables 99,083 36,437 84,346 34,063 Less: provision for credit losses (14,111 ) (2,567) (14,111 ) (2,567) Trade receivables, net 84,972 33,870 70,235 31,496 Prepayments 62,905 72,227 57,576 64,802 1 47,877 106,097 1 27,811 96,298

Page 49 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 19. Cash and Cash E quivalents The Group T he Company 202 5 $’000 202 4 $’00 0 202 5 $’000 202 4 $’000 Cash at bank 516, 13 2 124,290 4 7 5,154 111,072 Cash in hand - 20 - 20 516, 13 2 124,310 4 7 5,154 111,092 Cash at bank include s United States dollar saving s account . I nterest is currently 0.03 % ( 202 4 - 0. 03 %) per annum for the Group and the Company. 2 0 . Pay a bles The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Accruals 11,226 4,035 11,226 3,978 Audit fees 6,639 5,373 4,149 3,952 Construction payables 379,754 15,747 379,754 15,747 GCT payables 28,216 - 27 , 203 - Other payables 14,746 22,770 7,460 15,342 Dividends payable - 100,032 - 100,032 440 , 581 147,957 429 , 792 139,051 Construction payables are amounts payable to the contractor and material suppliers .

Page 50 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 21. Share Capital 202 5 $’000 202 4 $’000 Authorised - 11,000 ( 202 4 - 11,000 ) 6% Cumulative Preference shares 757,870,478 ( 202 4 - 757,870,478 ) Ordinary shares Issued and fully paid - 10,830 (202 4 - 10,830) 6% Cumulative Preference shares 22 22 757,828,490 ( 202 4 – 757,828,490) Ordinary shares 811 ,911 811,911 811,933 811,933 2 2 . Capital Reserve This represents capital reserve on the acquisition of fellow subsidiary Unity Capital Incorporated. 2 3 . Cumulative Translation Reserve The cumulative translati on reserve comprises currency translation differences from the unreali s ed gains and losses on the translation of the net assets of the subsidiary which has a different functional currency from the C ompany.

Page 51 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . R elated Party Transactions and Balances (a) Related party transactions The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 (a) Revenue Canopy Insurance Limited 36,622 18,604 36,622 18,604 General Accident Insurance Company Limited 106,769 77,273 3,120 3,120 The Musson Group Foundation 1,263 1,243 1,263 1,243 Eppley Jamaica Limited 40,89 2 7,867 36,890 - (b) Other transactions Property Management Fees - Felton Property Services Limited 77,122 51,553 68,354 43,059 Insurance - General Accident Insurance Company Limited 146,240 12,436 146,240 12,436 (c) Year - end balances arising from transactions with related parties: Receivable from related parties The Group The Company 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Chalmers Oasis Limited 3,894 - 3,894 - Cherryhill Developments Limited 3,268 - 3,268 - 7,162 - 7,162 - Payable to related parties The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Unity Capital Incorporated - - 9 6,746 90,020 Felton Property Management Limited 6,230 3, 681 1,721 3,519 General Accident Insurance Company - 4,786 - 4,786 Musson Jamaica Ltd - 142 - 142 6,230 8,609 98,467 98,467

Page 52 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 4 . Related Party Transactions and Balances (Cont inued) (c) Key management compensation The Group and Company 202 5 $’000 202 4 $’000 Directors’ emoluments: Fees 2,250 1,425 (d) Dividends paid 202 5 $ ’000 202 4 $ ’000 Dividends paid 132 106 2 5 . Deferred Income Taxes Deferred income taxes are calculated in full on temporary differences under the liability method using a principal tax rate of 12.5 %. Due to the fact that the Company was granted special economic zone status, the Group has not recognised def erred tax es. The attributed deferred tax asset t hat have not been recognised in the statement of financial position is $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Group and $ 2,342,000 ( 202 4 : $ 2,984,000 ) for the Company. Deferred income tax assets and liabilities that would have been recognised in the statement of financial position are attributable to the following items: The Group The Company 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 Property, plant and equipment 2,342 3,205 2,342 3,205 Unrealised foreign exchange gain /(loss) - (221) - (221) 2,342 2,984 2,342 2,984

Page 53 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 6 . Borrowings The Group The Company 202 5 $ ’000 202 4 $ ’000 202 5 $ ’000 202 4 $’000 First Global Bank - Syndicated Loan Facility (a) 2,167,42 6 1,802,500 2, 167, 426 1,802,500 First Global Bank (b) 584, 870 614,084 584,8 70 614,084 First Global Bank - Fitout (c) 147, 704 - 14 7,705 - Jama ica National Building Society (d ) 104 , 89 3 113,759 - - 3,00 4,893 2,530,343 2, 90 0, 001 2,416,584 Interest payable 49,788 - 49,788 - 3,054,681 - 2,949,789 - Current portion ( 327,190 ) (179,034) ( 316,602 ) (169,397) 2, 727,491 2,351,309 2, 63 3, 187 2,247,187 (a) First Global Bank – Syndicated Loan Facility The loan amount disbursed was US$ 11,718,553 . This loan is repayable over 10 years and is amortised over 1 3 years with a moratorium of 24 months on principal . The interest rate on this loan is 9.0 5 %. The rate is variable. The loan is secured by the following: - Second registered mortgage over Lot B1, Lot B3, Lot 2, Lot 4, Lot 6, and Lot 8 of land situated at 58 Half - Way Tree Road, registered at volume 1512 folio 520, volume 1512 folio 522, volume 1496 folio 9, volume 1495 folio 819, volume 1475 folio 670, volume 1496 folio 10 of the Registered Book of Titles ; - Endorsement of Lender as loss payee in relation to Contractors All Risk Insurance and Fire and Allied Peril Insurance for the full replacement value of all assets the subject ; - Assignment of lease agreements concerning those properties owned by the Company; - Second Debenture in favour of Syndicated Lenders over real property , other fixed and floating future assets belonging to the borrower (b) First Global Bank Limited Th is loan facility was used to refinance a United States Dollar denominated facility previously granted by the Development Bank of Jamaica Limited for the construction of Unit 4 at 58 Half - Way Tree Road, Kingston 10. The total credit facility is J$7 8 6,000,000. The loan amount disbursed was $698,395,693 and is repayable over 180 months . The facility has a 7.125% fixed interest rate for three (3) years, thereafter the interest rate is variable at a rate pegged to the six (6) month weighted average treasury bill yield . The loan is secured by the following; - First Demand Debenture over all present and future assets of the borrower, stamped to cover J$786,000,000. - First Lega l Mortgage over commercial property located at Building 4, 58 Half Way Tree Road, Kingston 10, registered in the name of the borrower at Volume 1496 Folio 9; Volume 1495 Folio 819; Volume 1475 Folio 670; Volume 1496 Folio 10 and Volume 1512 Folio 522. - Assignment of Peril Insurance over the mortgaged property for the full replacement value. - Subordination of loans made to the borrower by its Directors and Shareholders to the facilities extended by the Bank.

Page 54 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (c) First Global Bank - Fit - out This loan represents a US$1,000,000 non - revolving facility obtained to assist with the fit - out of 2 ½ floors of the Unit 1 commercial building. The facility attracts a variable interest rate pegged to 90 - day SOFR plus a margin of 3.72% with quarterly reset and subject to a floor of 8.75%. The loan matures 84 month s after disbursement. (d) Jamaica National Building Society This is secured by a first registered mortgage over V olume 1128 and folio 126 , situated at 58 Half - Way Tree Road . These land and building s are owned by Unity Capital Incorporated . The original loan amount is J $170,000,000 and is rep ayable over 202 months and at a n interest rate of 9 .75 %. The loan matures in December 2032. (e) D ebt reconciliation This section sets out an analysis of D ebt and the movements in D ebt for each of the periods presented. The Group The Company Borrowings Lease Total Borrowing Lease Total 000 000 000 000 000 000 D ebt as at 1 January 2024 1,696,329 160,510 1,856,839 1,572,576 160,510 1,733,086 Loans received 737,820 2,842 740,662 737,820 2,842 740,662 Loans received – non - cash 148,645 - 148,645 148,645 - 148,645 Loans repaid (52,451) (25,579) (78,030) (42,457) (25,579) (68,036) Interest expense 59,787 12,473 72,260 47,295 12,473 59,768 Interest paid (59,787) (12,473) (72,260) (47,295) (12,473) (59,768) D ebt as at 31 December 2024 2,530,343 137,773 2,668,116 2,416,584 137,773 2,554,357 Loans received 529,725 - 529,725 5 29,725 - 529,725 Loans repaid ( 60,648 ) (25,552) ( 86,200 ) ( 51,700 ) (25,552) ( 77,252 ) Interest expense 122,976 12,145 135,121 109,648 12,145 121,793 Interest paid ( 73,188 ) (12,145) ( 85,333 ) ( 59,860 ) (12,145) ( 72,00 5 ) Foreign exchange adjustment – non - cash 5,473 - 5,473 5,392 - 5,392 D ebt as at 31 December 202 5 3, 054 , 681 112,221 3, 166 , 902 2, 949 , 789 112,221 3, 062 , 010

Page 55 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 26 . Borrowings ( Continued) (f) Fair value of non - current borrowings The fair values of non - current borrowings are based on discounted cash flows using the current borrowing rate of 9.05 % for the First Global Bank Syndicated loan, 7.12 5 % for the First Global Bank loan and 9.75 % ( 202 4 - 9. 75 %) for the Jamaica National Building Society loan. They are classified as level 2 fair values in the fair value hierarchy. Group Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank – Syndicated 1,950,984 1, 666,155 2, 448 , 120 2,109,572 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank - Fitout 127,990 - 141,940 - Jamaica National Building Society 94,304 104,122 81,395 108,053 2,727,491 2,351,309 3, 118 , 234 2,676,126 Company Carrying amount Fair value 202 5 $’000 202 4 $’000 202 5 $’000 202 4 $’000 First Global Bank 554,213 581,032 446,779 458,501 First Global Bank – Syndicated 1,95 0,984 - 2,448,120 - First Global Bank - Fitout 127,990 1,666,155 141,940 2,109,572 2,633,187 2,247,187 3, 036 , 839 2,568,073 2 7 . Long Term Payables This represents rent deposit payable for leased property rented from the Company. The rent deposit payable becomes due upon the lessee terminating the lease. The lease period attributed with the lease propert ies is five (5) years with an option to terminate in the fourth year .

Page 56 Stanley Motta Limited Notes to the Financial Statements 31 December 2025 (expressed in Jamaican dollars unless otherwise indicated) 2 8 . Dividends 202 5 $’000 202 4 $’000 First interim dividend for 2024 declared 16 May 2024 – 7.9 ¢ - 59,398 Second interim dividend for 2024 declared 17 December 2024 – 13.2 ¢ - 100,032 First interim dividend for 2025 declared 11 August 2025 – 13.2 ¢ 100,033 - 100,033 159,430 29 . Commitments At 31 December 202 5 , the Group had no commitments other than for leases disclosed in note 3 of these financial statements .

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