TTL AG to Present Unaudited 2024 Financial Statements at Extraordinary Shareholder Meeting

TTL Beteiligungs- und Grundbesitz-AG has called an extraordinary Annual General Meeting for December 9, 2025, which will serve in place of the regular 2025 meeting. The company published its invitation in the Federal Gazette on October 31, 2025, following statutory requirements. This unusual timing stems from significant circumstances affecting the company's financial reporting process and compliance obligations.

At this extraordinary meeting, shareholders will receive unaudited versions of both the company's 2024 annual financial statements and the TTL Group's 2024 consolidated financial statements. The company has submitted the annual and consolidated financial statements for 2024, along with the combined management report and the Executive Board's profit appropriation proposal, to the Supervisory Board for review. However, this review was conducted using financial statements that have not undergone independent audit verification.

The absence of audited financial statements results from ongoing disagreements between the company's executive bodies and the auditor appointed by the Annual General Meeting. These differences in assessing various financial matters have prevented completion of the standard audit process for the 2024 financial year. This situation represents a departure from normal corporate governance practices and raises questions about financial transparency.

Faced with these circumstances, the Management Board and Supervisory Board made the decision to proceed with publishing the unaudited financial statements. This action aims to fulfill capital market obligations and avoid potential regulatory measures that could result from delayed financial reporting. The company's leadership determined that presenting unaudited statements was necessary to maintain compliance despite the unresolved audit issues.

All required meeting documents and the formal invitation are accessible through the company's website at https://www.ttl-ag.de in the Investor Relations section. This extraordinary meeting arrangement underscores the challenges companies can face when audit processes encounter significant obstacles, potentially affecting shareholder confidence and regulatory standing.