INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2026

INVESTMENTS

Schedule of balance of marketable securities

		As of June 30, 2026				As of December 31, 2025
Marketable equity securities - Telekom Srpske			103,058				102,144
Marketable equity securities – BH Telekom			136,762				141,428
Total Marketable equity securities		$	239,820			$	243,572

Schedule of debt securities held to maturity

Security

ISIN

Maturity

Amortized Cost

Gross Unrealized Gains

Gross Unrealized Losses

Fair Value

Republic of Serbia Eurobonds - Meridian Tech Ltd. (Serbia)

XS2580270275

September 26, 2033

1,164,138

127,216

1,291,354

Republic of Romania Eurobonds - Meridian Tech Ltd. (Serbia)

XS3021378032

July 11, 2032

1,903,091

8,940

1,894,151

Republic of Romania Eurobonds - Meridianbet Ltd. (Montenegro)

XS3021378032

July 11, 2032

236,537

606

235,931

Total

3,303,766

127,216

9,546

3,421,436

Schedule of investments reported on the consolidated balance sheet

Investments		Amount
Held-to-maturity debt securities (amortized cost)			3,303,766
Marketable equity securities			239,820
Total investments		$	3,543,586