PHOENIX GROUP PLC Corporate Governance Report for the year December 31,2025

Shareholders approved the 2024 consolidated audited financial statements and ratified a recommendation for no dividend payout during the Annual General Assembly held on April 22, 2025.
The Board of Directors maintained a 25% female representation and an 75% independence ratio in 2025, with Fady Dahalan appointed to the standing committees on February 14, 2025, to replace Group CEO Munaf Ali and ensure independence balance.
Phoenix Group continues to operate across four core business segments—Mining, Hosting, Trading, and Investments—managing more than 500 megawatts of energized capacity globally as of year-end 2025.
RAI Audit and Tax services was appointed as the external auditor for the 2025 fiscal year with a total fee of USD 495,500 for annual audit and interim review services.