Announcement • Jun 09
MirLand Development Corporation Plc, Annual General Meeting, Jul 15, 2026 MirLand Development Corporation Plc, Annual General Meeting, Jul 15, 2026, at 15:00 GTB Standard Time. Location: co. offices thessalonikis, Cyprus Reported Earnings • Jun 01
First quarter 2026 earnings released: US$0.29 loss per share (vs US$0.48 profit in 1Q 2025) First quarter 2026 results: US$0.29 loss per share (down from US$0.48 profit in 1Q 2025). Revenue: US$628.0k (up 14% from 1Q 2025). Net loss: US$7.38m (down 180% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Board Change • Apr 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 16
MirLand Development Corporation Plc to Report Fiscal Year 2025 Results on Apr 20, 2026 MirLand Development Corporation Plc announced that they will report fiscal year 2025 results on Apr 20, 2026 Board Change • Mar 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.3m free cash flow). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Negative equity (-US$21m). Market cap is less than US$10m (₪638.4k market cap, or US$201.6k). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Nov 30
Third quarter 2025 earnings released: US$0.07 loss per share (vs US$1.56 loss in 3Q 2024) Third quarter 2025 results: US$0.07 loss per share (improved from US$1.56 loss in 3Q 2024). Revenue: US$4.93m (up 187% from 3Q 2024). Net loss: US$2.92m (loss narrowed 90% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2025 earnings released: US$0.06 loss per share (vs US$0.05 profit in 2Q 2024) Second quarter 2025 results: US$0.06 loss per share (down from US$0.05 profit in 2Q 2024). Revenue: US$780.0k (down 72% from 2Q 2024). Net loss: US$1.43m (down 271% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
MirLand Development Corporation Plc, Annual General Meeting, Sep 25, 2025 MirLand Development Corporation Plc, Annual General Meeting, Sep 25, 2025, at 14:00 GTB Standard Time. Location: co. offices limassol cyprus, Cyprus Reported Earnings • May 29
First quarter 2025 earnings released: EPS: US$0.48 (vs US$0.30 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.48 (up from US$0.30 loss in 1Q 2024). Revenue: US$550.0k (down 78% from 1Q 2024). Net income: US$9.28m (up US$13.0m from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 29
Full year 2024 earnings released: US$2.47 loss per share (vs US$1.01 loss in FY 2023) Full year 2024 results: US$2.47 loss per share (further deteriorated from US$1.01 loss in FY 2023). Revenue: US$7.85m (down 36% from FY 2023). Net loss: US$41.3m (loss widened 333% from FY 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 29
Third quarter 2024 earnings released: US$1.56 loss per share (vs US$0.67 loss in 3Q 2023) Third quarter 2024 results: US$1.56 loss per share (further deteriorated from US$0.67 loss in 3Q 2023). Revenue: US$1.72m (down 16% from 3Q 2023). Net loss: US$29.0m (loss widened 362% from 3Q 2023). Reported Earnings • Jun 05
First quarter 2024 earnings released: US$0.30 loss per share (vs US$0.60 loss in 1Q 2023) First quarter 2024 results: US$0.30 loss per share (improved from US$0.60 loss in 1Q 2023). Revenue: US$2.55m (down 53% from 1Q 2023). Net loss: US$3.68m (loss narrowed 35% from 1Q 2023). Reported Earnings • Apr 01
Full year 2023 earnings released: US$1.01 loss per share (vs US$0.87 loss in FY 2022) Full year 2023 results: US$1.01 loss per share (further deteriorated from US$0.87 loss in FY 2022). Revenue: US$12.3m (down 52% from FY 2022). Net loss: US$9.53m (loss widened 16% from FY 2022). New Risk • Mar 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.6m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Negative equity (-US$16m). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Market cap is less than US$10m (₪287.8k market cap, or US$79.2k). New Risk • Feb 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.6m free cash flow). Negative equity (-US$16m). Market cap is less than US$10m (₪302.5k market cap, or US$83.1k). Minor Risk Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Reported Earnings • Dec 27
Third quarter 2023 earnings released: US$0.67 loss per share (vs US$2.49 profit in 3Q 2022) Third quarter 2023 results: US$0.67 loss per share (down from US$2.49 profit in 3Q 2022). Revenue: US$2.03m (down 61% from 3Q 2022). Net loss: US$6.28m (down 127% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 23
MirLand Development Corporation Plc, Annual General Meeting, Dec 26, 2023 MirLand Development Corporation Plc, Annual General Meeting, Dec 26, 2023, at 14:00 Israel Standard Time. Board Change • Oct 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: US$0.07 (vs US$0.38 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.07 (up from US$0.38 loss in 2Q 2022). Revenue: US$2.58m (down 9.6% from 2Q 2022). Net income: US$1.38m (up US$5.04m from 2Q 2022). Profit margin: 53% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Aug 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 30
First quarter 2023 earnings released: US$0.60 loss per share (vs US$2.00 loss in 1Q 2022) First quarter 2023 results: US$0.60 loss per share (improved from US$2.00 loss in 1Q 2022). Revenue: US$5.37m (up 6.8% from 1Q 2022). Net loss: US$5.66m (loss narrowed 70% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Mar 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: US$2.49 (vs US$0.90 loss in 3Q 2021) Third quarter 2022 results: EPS: US$2.49 (up from US$0.90 loss in 3Q 2021). Revenue: US$5.21m (down 85% from 3Q 2021). Net income: US$23.5m (up US$29.8m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Second quarter 2022 earnings released: US$0.38 loss per share (vs US$10.60 loss in 2Q 2021) Second quarter 2022 results: US$0.38 loss per share (up from US$10.60 loss in 2Q 2021). Revenue: US$2.86m (down 85% from 2Q 2021). Net loss: US$3.66m (loss narrowed 96% from 2Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.40 in 1Q 2021) First quarter 2022 results: EPS: US$0.43. Revenue: US$5.03m (down 74% from 1Q 2021). Net loss: US$18.8m (down US$22.2m from profit in 1Q 2021). Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings released: US$7.50 loss per share (vs US$7.60 loss in FY 2020) Full year 2021 results: US$7.50 loss per share (up from US$7.60 loss in FY 2020). Revenue: US$83.2m (down 13% from FY 2020). Net loss: US$70.7m (loss narrowed 1.4% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Non-Independent Non-Executive Director Glenn Kolleeny was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: US$0.09 loss per share (up from US$0.30 loss in 3Q 2020). Revenue: US$33.7m (up 49% from 3Q 2020). Net loss: US$6.29m (loss narrowed 77% from 3Q 2020). Revenue missed analyst estimates by 62%. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: US$1.06 loss per share (vs US$0.19 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$18.6m (down 23% from 2Q 2020). Net loss: US$99.9m (down US$122.9m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 28
First quarter 2021 earnings released: EPS US$0.04 (vs US$1.02 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$19.5m (down 13% from 1Q 2020). Net income: US$3.37m (up US$104.9m from 1Q 2020). Profit margin: 17% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: US$0.76 loss per share (vs US$0.29 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$95.2m (down 11% from FY 2019). Net loss: US$71.7m (loss widened 165% from FY 2019). Over the last 3 years on average, the company's earnings growth rate has exceeded its share price growth rate by 3 percentage points per year. Reported Earnings • Nov 30
Third quarter 2020 earnings released: US$0.30 loss per share The company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: US$22.7m (up 15% from 3Q 2019). Net loss: US$27.7m (loss widened US$23.2m from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 106% per year but the company’s share price has only fallen by 78% per year, which means it has not declined as severely as earnings. 