Financial Reporting The Cardano Foundation is committed to transparency and to upholding the principles of openness, integrity, and community engagement, including in our financial reporting. As the Foundation’s reporting framework continues to mature, we have reintroduced financial disclosures into the Activity Report to offer a more unified and accessible account of how resources support the ecosystem’s development. Last year’s standalone Financial Insights Report established an important benchmark for transparency; this year’s integrated format extends that approach by placing financial data directly alongside strategic and operational achievements. The upcoming financial section builds on these enhancements, presenting a comprehensive, verifiable overview of the Foundation’s financial activities for 2025 – comprising treasury, resource allocations, and funding received. As in the previous year’s report, this year’s reporting is also strengthened by the adoption of Reeve, the Foundation’s financial data integrity platform. Reeve provides a verifiable method for recording and sharing financial data, ensuring integrity, auditability, transparency and stakeholder confidence. In a further step forward, 2025 marks the first year in which the Foundation’s financial records have been on-chain attested as part of the audit process in tandem with the publication of the financial results on-chain . This combines Swiss statutory financial reporting frameworks with blockchain-based verification, representing an important evolution in how financial accountability can be demonstrated in a decentralized ecosystem. This integrated approach offers a clearer, more comprehensive view of how the Foundation operates and delivers on its mission. 25 Cardano Foundation Financial Insights Report 2025