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1. General information

Samenvatting van artikel:  Royal BAM Group nv (‘the Company’ or ‘BAM’) and its subsidiaries (together, ‘the Group’) design, build and maintain sustainable buildings, homes, and infrastructure for public and private clients.

1. Summary of the accounting policies

Samenvatting van artikel:  The company financial statements of Royal BAM Group nv (‘the Company’ or ‘BAM’) have been prepared in accordance with Part 9, Book 2 of the Dutch Civil Code.

10. Finance income and expense

Samenvatting van artikel:  Finance income is recognised using the effective interest method. Finance income on impaired loans and receivables is recognised using the original effective interest rate.

10. Internal charges

Samenvatting van artikel:  Internal charges represent revenue from services that have been charged to subsidiaries in respect of management activities and responsibilities. The company charges these to its subsidiaries on a cost-plus basis.

11. Income tax

Samenvatting van artikel:  The tax expense for the period comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

11. Other income

Samenvatting van artikel:  Other income in 2024 included the gain on the contingent consideration related to the divestment of 50% of the shares of BAM PPP to PGGM Infrastructure Fund (“PGGM”) in December 2020, as disclosed in note 12 to the consolidated financial statements.

12. Discontinued operations

Samenvatting van artikel:  A discontinued operation is a component of the Group that has been disposed or is classified as held  for sale and represents a separate major line of business or geographical area of operations or is part of a single co-ordinated plan to dispose of

12. Employee benefit expenses

Samenvatting van artikel:  At year-end 2025, the Company employed 99 FTE (2024: 101). The average number of FTE in 2025 was 100 (2024: 101). There are no employees in other countries than the Netherlands.

13. Earnings per share

Samenvatting van artikel:  Basic EPS is the profit or loss attributable to ordinary shareholders of the Company divided by the weighted average number of ordinary shares outstanding during the year.

13. Income tax expense

Samenvatting van artikel:  The Company’s effective tax rate differs from the applicable nominal tax rate of 25.8%. The difference in both 2025 and 2024 is mainly attributable to the recognition of additional deferred tax assets relating to tax losses.

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