ICFG Secures Waiver on $23.3 Million Loan Amid Covenant Breach

• •ICFG received a lender waiver for $23.3 million due to covenant breaches.
• •The waiver extends until August 31, 2027, and covers future drawdowns.
• •InvesCore maintains a strong liquidity position despite the breaches.

ICFG Limited announced a waiver from a lender regarding cross-default provisions due to covenant breaches at its subsidiary, InvesCore NBFI JSC. The waiver, covering outstanding borrowings of approximately $23.3 million as of June 30, 2026, extends until August 31, 2027. The amount has increased from $9.6 million as of December 31, 2025, representing about 13.3% of the total lender exposure affected by the breaches. The company previously disclosed these breaches in an announcement dated April 30, 2026. InvesCore maintains a strong liquidity position with cash and cash equivalents of approximately MNT 158.6 billion (around $44.3 million) and a loan portfolio of about MNT 1,151 billion (approximately $321.2 million). ICFG continues to engage with lenders regarding the facility agreements and will provide further updates as necessary. The information is classified as inside information under the Market Abuse Regulation.