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Ease2pay N.V.
Interim / Quarterly Report • Sep 26, 2024
3832_iss_2024-09-25_faca19d1-9c16-451b-b5f6-a1eab3e991cd.pdf
Interim / Quarterly Report
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Ease2pay N.V. realiseert 31% platformomzet-groei in eerste helft 2024
Sterke groei in de platformactiviteiten van Ease2pay, resulterend in een stijging van de platformomzet met 31% tot EUR 1,3 miljoen. De overige omzet (verkoop van stroom en apparatuur) daalden zoals beoogd met 84%, waardoor de totale omzet met 7% daalde tot EUR 1,3 miljoen. De netto-omzet, de omzet minus de kosten van de inkomsten, steeg echter met 33%. Het resultaat voor het halfjaar, hoewel nog steeds negatief, verbeterde met circa 42% tot EUR 0,5 miljoen negatief.
Ease2pay versterkt in het eerste halfjaar van 2024 in hoog tempo haar focus op de platformactiviteiten. De EBITDA verbetert daardoor met 59% tot 193 duizend euro negatief, vergeleken met 472 duizend euro negatief in dezelfde periode in 2023. De stijging van de netto-omzet met 167 duizend EUR (33%) en de daling van de personeelsbeloningen met 18% tot 504 duizend EUR in vergelijking met het eerste halfjaar van 2023 zorgen voor de verbeterde EBITDA.
De Directie en de Raad van Commissarissen van Ease2pay hebben de halfjaarcijfers 2024 van de Vennootschap vastgesteld respectievelijk goedgekeurd. Met dit persbericht wordt het tussentijds bericht over het eerste halfjaar 2024 gepubliceerd, dat de verkorte tussentijdse financiële informatie over het halfjaar geëindigd op 30 juni 2024 weergeeft.
Het halfjaarbericht van Ease2pay N.V. over het eerste halfjaar 2024 is bijgevoegd.
Einde persbericht.
Noot voor de redactie
Over Ease2pay
Ease2pay biedt een intelligent activatie- en betaalplatform. Wij stellen beheerders van tankstations, laadpalen, parkeergarages, camperterreinen, jachthavens, binnenvaarthavens en truck parkings in staat om er een self-service locatie van te maken, waarmee de energietransitie voor hun klanten eenvoudiger wordt. Book – Park – Charge & Pay: alles direct en eenvoudig beschikbaar in één app.
Rotterdam, Nederland, 25 september 2024
Verdere informatie: EASE2PAY N.V., Jan Borghuis, Tel. 085 2012781 Corporate website: www.ease2paynv.com
Interim report for the six-month period ended 30 June 2024
Contents
| Results for the six-month period ended 30 June 2024 | 2 |
|---|---|
| Ease2pay | 2 |
| Developments in the six-month period ended 30 June 2024 | 2 |
| Key financial results | 3 |
| Other information | 3 |
| Unaudited interim condensed consolidated financial statements for the | |
| six-month period ended 30 June 2024 | 5 |
| Consolidated statement of profit or loss and other comprehensive | |
| income | 5 |
| Consolidated statement of financial position | 6 |
| Consolidated statement of cash flows | 7 |
| Consolidated statement of changes in equity | 8 |
| Notes to the Interim condensed consolidated financial statements | 9 |
Results for the six-month period ended 30 June 2024
Ease2pay
Ease2pay N.V. is a payment service provider that aims to decrease payment expenses for consumers and retailers. Ease2pay N.V. offers an intelligent activation and payment platform. With it, operators of laundries, fuel stations, charge points, parking garages, ports, markets, truck and camper parks create self-service options for users. You control everything in one convenient app: Book, Stay, Use & Pay.
Developments in the six-month period ended 30 June 2024 The main developments in the period are mentioned below.
- Strong growth in Ease2pay's platform activities resulting in an increase of the platform fee income with 31% to EUR 1.3 million. Other revenues, sales of power and equipment, decreased with 84% as involvement in sales of equipment (switches or connectors) are reduced as envisaged. Total revenue decreased 7% to EUR 1.3 million, however net revenue, revenue less cost of revenue, increased with 33%. The result for the half year, although still negative, improved with some 42% to EUR 0.5 million negative.
- Ease2pay enhances and implements its focus on the payment processing activities (generating platform fees) at high pace in the sixmonth period ended 30 June 2024.
Key financial results
Improvement of EBITDA and higher revenue from platform fees Revenue from platform fee increased with some 31% in the six-month period ended 30 June 2024 to EUR 1,269 thousand. On the other hand, other revenues, like sales of power or equipment for the platform, decrease with 84% to EUR 76 thousand. This underlines Ease2pay's strategy to focus on platform income. EBITDA improves 59% to EUR 193 thousand negative compared to EUR 472 thousand negative in the comparable period in 2023. Increased net revenue with EUR 167 thousand (33%) and decrease of employee benefits with 18% to EUR 504 thousand compared to the comparable period in 2023 drive the improved EBITDA. Below the statement of profit or loss is summarised.
| For the six-month period ended 30 June | ||||
|---|---|---|---|---|
| EUR thousands | 2024 | 2023 | Change | Change % |
| Platform fee revenue | 1,269 | 967 | 302 | 31% |
| Other revenue | 76 | 476 | -400 | -84% |
| Total revenue | 1,345 | 1,443 | -98 | -7% |
| Cost of revenue | -668 | -933 | 265 | -28% |
| Net revenue | 677 | 510 | 167 | 33% |
| Employee benefits | -504 | -617 | 113 | -18% |
| Other operating expenses | -366 | -365 | -1 | 0% |
| EBITDA (Earnings before interest, tax, depreciation, and amortisation) |
-193 | -472 | 279 | -59% |
| Amortisations, depreciations and impairment |
-426 | -475 | 49 | -10% |
| Operating loss | -619 | -947 | 328 | -35% |
| Finance income or expenses(-) | 52 | - | 52 | - |
| Income tax expense(-) or income | 53 | 59 | -6 | -10% |
| Loss for the half year | -514 | -888 | 374 | -42% |
In the Group's view, EBITDA reflects its cash generating performance based on revenue and costs, excluding interest, taxes, depreciations and amortisations.
Improvement of cashflows and lower cash position
In the six-month period ended 30 June 2024, Ease2pay's operational cash outflow is EUR 233 thousand negative and improved EUR 0.3 million related to the comparable period of 2023. On 30 June 2024, cash and cash equivalents amount to EUR 2.4 million.
Net loss and equity
Net loss is EUR 514 thousand, including EUR 426 thousand for amortisations and depreciations, interest income of EUR 52 thousand and a release of deferred tax liabilities of EUR 53 positive. Equity decreases due to this loss to EUR 6.3 million.
Expectations for 2024
Ease2pay expects a positive EBITDA through autonomous growth in 2024.
Other information
Transactions with related parties
Transactions with the Management Board and Supervisory Board contain only regular benefits for their services in their role as board members.
Events
No other significant events have occurred in the first half year, other than set out above.
Risks and uncertainties
In the six-month period ended 30 June 2024, the same risks and uncertainties are applicable as set out in the Report of the Management Board of the Annual Report 2023 and are summarised below:
- Dependency on a few Strategic Partners; - History of operating losses, assurance of future profitability cannot be given; - A growth strategy linked to expenditure to develop additional functionalities containing uncertainty for future profits; - Unforeseen interruptions to external and public software systems affecting the Group; - Incur costs to comply with the new requirements for electronic money and related institutions; - Unforeseen interruptions to operations; - Information and cyber risks; - Risk of technologies or new competitors that may result in write off of assets; - Credit risk; - Fraud risk; - Liquidity risk; - Listing risk; and/or - Legal risk
The Group expects that the aforementioned risks and uncertainties are also the main risks and uncertainties for the remainder of the financial year.
Rotterdam, 25 September 2024, Management Board,
Jan H. L. Borghuis Gijs J. van Lookeren Campagne
Unaudited interim condensed consolidated financial statements for the six-month period ended 30 June 2024
Consolidated statement of profit or loss and other comprehensive income
for the six-month period ended 30 June
| EUR thousands | Note | 2024 | 2023 |
|---|---|---|---|
| Revenue Cost of revenue |
4 | 1,345 -668 |
1,443 -933 |
| Net revenue | 677 | 510 | |
| Employee benefits Depreciation and amortisation Other operating expenses |
7 6 |
-504 -426 -366 |
-617 -475 -365 |
| Operating loss | -619 | -947 | |
| Finance income and expenses(-) | 8 | 52 | - |
| Loss before income tax | -567 | -947 | |
| Income tax expense(-) or income | 5 | 53 | 59 |
| Loss for the period attributable to shareholders | -514 | -888 | |
| Other comprehensive income Items that will not be subsequently reclassified to profit or loss Items that will be subsequently reclassified subsequently to profit or loss Other comprehensive income or loss(-) for the period |
- - - |
- - - |
|
| Total comprehensive income or loss(-) attributable to shareholders | -514 | -888 | |
| Loss per share (expressed in EUR per share) Basic loss(-) per share Diluted loss(-) per share |
12.2 | -0.02 -0.02 |
-0.04 -0.04 |
Consolidated statement of financial position
| EUR thousands | Note | 30 June 2024 | 31 December 2023 |
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Goodwill | 6 | 1,213 | 1,213 |
| Intangible assets | 6 | 2,895 | 3,247 |
| Property, plant and equipment | 6 | 174 | 245 |
| Total non-current assets | 4,282 | 4,705 | |
| Current assets | |||
| Trade and other receivables | 9 | 952 | 1,342 |
| Amounts entrusted to Stichting Beheer Derdengelden Ease2pay | 10 | 1,150 | 944 |
| Cash and cash equivalents Total current assets |
11 | 2,433 4,535 |
2,669 4,955 |
| Total assets | 8,817 | 9,660 | |
| Equity and liabilities | |||
| Equity | 12 | ||
| Share capital | 2,354 | 2,354 | |
| Share premium | 37,057 | 37,057 | |
| Accumulated losses | -33,064 | -32,550 | |
| Total equity | 6,347 | 6,861 | |
| Non-current liabilities | |||
| Deferred tax liabilities | 5 | 410 | 463 |
| Total non-current liabilities | 410 | 463 | |
| Current liabilities | |||
| Ease2pay Liabilities to Stichting Beheer Derdengelden |
10 | 1,133 | 941 |
| Trade and other liabilities | 9 | 927 | 1,395 |
| Total current liabilities | 2,060 | 2,336 | |
| Total equity and liabilities | 8,817 | 9,660 |
Consolidated statement of cash flows
| for the six-month period ended 30 June | ||
|---|---|---|
| ---------------------------------------- | -- | -- |
| EUR thousands | Note | 2024 | 2023 |
|---|---|---|---|
| Loss before income tax | -567 | -947 | |
| Adjustments for Depreciation, amortisation and goodwill impairment Interest income(-) or expenses recognised in profit or loss |
6 | 426 -52 |
475 - |
| Changes in working capital Trade and other receivables Amounts entrusted to Stichting Beheer Derdengelden Ease2pay Liabilities Stichting Beheer Derdengelden Ease2pay Trade and other liabilities |
391 -206 192 -468 |
-619 -165 155 531 |
|
| Net cash used(-) in operations | -284 | -570 | |
| Interest received or paid (-) Income taxes paid |
51 - |
- - |
|
| Net cash used(-) in operating activities | -233 | -570 | |
| Cash flows from investing activities Payments for financings in property, plant and equipment Net cash flows used(-) in investing activities |
-3 -3 |
-11 -11 |
|
| Net cash flow from financing activities | - | - | |
| Net decrease in cash and cash equivalents Cash and cash equivalents as at 1 January Cash and cash equivalents as at 30 June |
-236 2,669 2,433 |
-581 3,378 2,797 |
Consolidated statement of changes in equity
for the six-month period ended 30 June
| EUR thousands | Share capital | Share premium | Accumulated deficits | Total |
|---|---|---|---|---|
| Balance as at 1 January 2024 |
2,354 | 37,057 | -32,550 | 6,861 |
| Loss for the period Other comprehensive income Total comprehensive income or loss(-) |
- - - |
- - - |
-514 - -514 |
-514 - -514 |
| Total transactions with shareholders | - | - | - | - |
| Balance as at 30 June 2024 | 2,354 | 37,057 | -33,064 | 6,347 |
| Balance as at 1 January 2023 | 2,354 | 37,057 | -31,181 | 8,230 |
| Loss for the period | - | - | -888 | -888 |
| Other comprehensive income Total comprehensive income or loss(-) |
- - |
- - |
- -888 |
- -888 |
| Balance as at 30 June 2023 | 2,354 | 37,057 | -32,069 | 7,342 |
Notes to the Interim condensed consolidated financial statements
1 General
Ease2pay N.V. is a payment service provider that aims to decrease payment expenses for consumers and retailers. Ease2pay N.V. offers an intelligent activation and payment platform. With it, operators of laundries, fuel stations, charge points, parking garages, ports, markets, truck and camper parks create self-service options for users. You control everything in one convenient app: Book, Stay, Use & Pay.
Ease2pay N.V. (hereafter referred to as: the "Company" and together with the entities it controls: the "Group") is located in the Netherlands at Burgermeester Oudlaan 50, 3062 PA, Rotterdam and registered at the Dutch Commercial Register under number 16081306. The Company's shares are listed on Euronext Amsterdam (ticker symbol: EAS2P).
The interim condensed consolidated financial statements for the sixmonth period ended on 30 June 2024 have not been audited or reviewed by an independent auditor.
- 2 Basis of preparation and general accounting policies
- 2.1 Statement of compliance
The interim condensed consolidated financial statements have been prepared in accordance with the IFRS Accounting Standard IAS 34 "Interim Financial Reporting". These interim consolidated financial statements do not include all the information required for full
financial statements and are to be read in combination with the audited 2023 consolidated financial statements of the Group, which were prepared in accordance with IFRS Accounting Standards as adopted by the European Union (EU-IFRS).
2.2 Basis of preparation
The accounting principles applied to measure assets and liabilities and the determination of results in these interim condensed consolidated financial statements are the same as the measurement principles applied to the audited consolidated financial statements 2023, changes in IFRS Accounting Standards in 2024 are not relevant nor material for the Group. The changes in IFRS Accounting Standards that are applicable as from 1 January 2024 are mentioned below.
Changes in accounting policies
| Application date | ||
|---|---|---|
| Amendments to | Description | and impact |
| IAS 7 Statement of Cash Flows | The amendments require to add |
1 January 2024 |
| and IFRS 7 Financial Instruments: | disclosures about supplier | The amendments |
| Disclosures: Supplier Finance | finance arrangements. | have no impact for |
| Arrangements | the Group. | |
| IAS 1 Presentation of Financial | These amendments require that | 1 January 2024 |
| Statements: Classification of | covenants for which an entity is | The amendments |
| Liabilities as Current or Non | required to comply on or before | have no impact for |
| current and Classification of | the reporting date affect the | the Group. |
| Liabilities as Current or Non | current or non-current | |
| current - Deferral of Effective | classification. An entity also has | |
| Date | to disclose information in the | |
| notes to enable users of | ||
| financial statements to | ||
| understand the risk that non | ||
| current liabilities with covenants | ||
| could become repayable within | ||
| twelve months. | ||
| Application date | ||
|---|---|---|
| Amendments to | Description | and impact |
| IFRS 16 Leases: Lease Liability in | The amendments require a | 1 January 2024 |
| a Sale and Leaseback | seller-lessee to subsequently | The amendments |
| measure lease liabilities arising | have no impact for | |
| from a leaseback in a way that it | the Group. | |
| does not recognise any amount | ||
| of the gain or loss that relates to | ||
| the right of use it retains. |
Presentation currency
Unless stated otherwise, all amounts are reported in thousands of euros (EUR).
3 Significant accounting judgements and estimates
In preparing these condensed interim consolidated financial statements, the Management Board has made judgements and estimates that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
3.1 Judgements
Going concern
The condensed interim financial statements of the Group are prepared using the going concern principle. The Group has a negative result, the cash outflow from operating activities was EUR 233 thousand negative, relative less than in the comparable period (EUR 0.6 million negative) resulting in cash and cash equivalents of EUR 2.4 million (31 December 2023: EUR 2.7 million). The Group has sufficient financial resources available to fulfil its cash outflows for the 12-month period after the publication date of this report.
Consolidation of Stichting Beheer Derdengelden Ease2pay In 2017, Ease2pay B.V. entered into an agreement with Stichting Beheer Derdengelden Ease2pay ("the Foundation"), which sets out the conditions and approach that enable the Foundation to perform its statutory independent obligations. The purpose of the Foundation is to safeguard money of users of the transaction platform to pay for their parking and fuelling services. The amounts entrusted by the users of the platform to the Foundation shall be used to pay parking and fuel providers for their services. Due to the agreement, the Group may exert an influence on the Foundation's Board. It is agreed that all income and/or losses of the Foundation will be transferred to Ease2pay B.V., consisting of operational expenses of the Foundation (the reimbursements of Ease2pay B.V. reflects income of the Foundation) or interest income or expenses. Ease2pay B.V. settles the transactions on behalf of the Foundation with Foundation's counterparties.
The Group has concluded, in accordance with the consolidation requirements - (i) influence in the Board, (ii) exposed to variable results and (iii) the ability to exert an influence on the Board to affect Foundations' results - that the financial information of the Foundation needs to be consolidated. The balance sheet of the Foundation shows mainly cash and cash equivalents, trade and other liabilities that are presented in the "Amounts entrusted to Stichting Beheer Derdengelden Ease2pay" and "Liabilities to Stichting Beheer Derdengelden Ease2pay" in the Group's consolidated statement of financial position. The Foundation's cash and cash equivalents are legally separated and are only available to pay for services provided to the users of the platform (in the line items mentioned above).
Principal versus agent for revenue out of settlement fees The Group has contracts with financial institutions that provide services to enable payment processing, for which payment network fees are charged. The Group has applied judgement in determining whether it has control of the full payment service before the service is transferred to its customers and whether the Group acts as an agent or principal in relation to the settlement fees charged by financial institutions.
The Group is responsible for fulfilling the promise to provide payment transaction services. The Group is ultimately responsible for ensuring that the services are performed and are acceptable to the customers. The Group is thus considered to control the full payment service.
For all payments of processing settlement services that are provided to customers, the Group retains the exposure to financial institutions and the related payment costs. As such the Group has concluded it acts as principal for the aforementioned fees and these are recognised in its revenue.
3.2 Estimates
Measurement of the intangible assets
In the six-month period ended 30 June 2024, the Group assesses the measurement of its intangible assets, goodwill and property, plant and equipment based on historical cost less amortisations and impairments, by estimating the expected future earning capacity. From an overall perspective, the results of the Group show stable and growing developments.
- 4 Revenue and segment information
- 4.1 Revenue
- Revenue is summarised hereafter.
| EUR thousands | 2024 | 2023 |
|---|---|---|
| Settlement fees Processing fees |
878 391 |
641 326 |
| Platform revenue | 1,269 | 967 |
| Other services (performance obligations satisfied over time) |
69 | 101 |
| Other services (performance obligations satisfied at a point-in-time) |
7 | 375 |
| 1,345 | 1,443 |
The total of settlement fees and processing fees amount to EUR 1,269 thousand and increased 31% related to the comparable period 2023 (EUR 967 thousand). Revenue of other services amount to EUR 76 thousand and reflects provided power to customers (satisfied over time) and equipment (satisfied at a point in time), those services decreased with 84% (revenue in the comparable period 2023 EUR 476 thousand). The decrease is part of the Group's focus on platform fee income.
4.2 Segment information
The basis of the segment information is the periodical assessment of the Chief Operating Decision Maker ("CODM"). The Management Board is identified as CODM. The Group's business model is based on its platform for parking, fuelling, Internet of Things switching, transactions and other (supporting) services are one reporting segment. The Management Board also assesses the performance of the Group on the basis of the complete platform. The segment information is identical to the consolidated financial information in these condensed consolidated interim financial
statements, due to the limited size of the reporting segment and the operations of the payment platform.
Segment information is measured according to the same policy as assets, liabilities, income and expenses in these condensed interim financial statements. The Group is in a scale-up phase for which a strict management of costs is essential. The Management Board assesses the operational costs that directly affect the Group's revenue:
| For the six-month period ended 30 June | |||
|---|---|---|---|
| EUR thousands | 2024 | 2023 | |
| Cost of revenue | -668 | -933 | |
| Employee benefits | -504 | -617 | |
| Other operating expenses | -366 | -365 | |
| Total | -1,538 | -1,915 | |
| Revenue | 1,345 | 1,443 |
4.3 Seasonal patron
For the regular activities, revenues are somewhat higher in the second half year compared to the first half year. The summer season shows higher volumes.
5 Income taxes
The Group calculates the period income tax charge (credit) using the current tax rate, taking into considering utilisation of unused tax losses, deferred taxes, and other relevant tax items, if any.
The income tax income amounting to EUR 53 thousand (six-month period ended 30 June 2023: EUR 59 thousand) results from the release of the deferred tax liabilities originated in the acquisition of Involtum Holding B.V. On 30 June 2024, deferred tax liabilities are EUR 410 thousand (31 December 2023: EUR 463 thousand).
6 Intangible assets and property plant and equipment The changes in the intangible assets and property plant and equipment are summarised hereafter.
| EUR thousands | Goodwill | Platforms and customer relationships |
Property, plant and equipment |
|---|---|---|---|
| As at 1 January 2024 Investments Amortisations and depreciations |
1,213 - - |
3,247 - -352 |
245 3 -74 |
| As at 30 June 2024 | 1,213 | 2,895 | 174 |
7 Employee benefits
Employee benefits decreased with 18% to EUR 504 thousand (six-month period ended 30 June 2023: EUR 617 thousand) mainly due to the to further integration of the Involtum and Ease2pay activities.
8 Finance income and expenses
The finance income relates to interest income on cash and cash equivalents.
9 Trade and other receivables and trade and other liabilities Trade and other receivables decreased with EUR 0.4 million and trade and other liabilities with EUR 0.5 million related to 31 December 2023, mainly due to a decrease in receivables from and liabilities to merchants.
10 Amounts entrusted and liabilities to Stichting Beheer Derdengelden Ease2pay
Amounts entrusted to Stichting Beheer Derdengelden Ease2pay are amounts received for services offered by the providers of parking and fuelling services and amounting to EUR 1,150 thousand (31 December 2023: EUR 944 thousand). The amounts are separated in a segregated entity from the Group in a foundation, Stichting Beheer Derdengelden Ease2pay (the Foundation), to pay the service providers (for parking and fuelling) when their services are provided to customers using the platform.
Liabilities to Stichting Beheer Derdengelden Ease2pay amounting to EUR 1,133 thousand relate for EUR 412 thousand (31 December 2023: EUR 941 thousand) to amounts received by the Foundation from users of the platform to be used to pay parking and fuel providers (EGI credits) (31 December 2023: EUR 374 thousand) and for EUR 721 thousand amounts payable to providers of parking services or fuel (merchants) (31 December 2023: EUR 567 thousand).
11 Cash and cash equivalents
The cash and cash equivalents amounting to EUR 2,433 thousand (31 December 2023: EUR 2,669 thousand) are available to the Group without any restrictions (31 December 2023: no restrictions).
12 Equity
12.1 Shares issued
The authorised share capital of EUR 11.0 million (31 December 2023: EUR 11.0 million) is divided into 110,000,000 ordinary shares with a par value of EUR 0.10 (31 December 2023: 110,000,000 ordinary shares with a par value of EUR 0.10).
On 30 June 2024, 23,542 thousand shares are issued, no changes occurred in the number of issued shares in the six-month period ended 30 June 2024 (six-month period ended 30 June 2023: no changes).
12.2 Basic and diluted loss per share
| The loss per share is based on the weighted average number of shares. | ||
|---|---|---|
| For the six-month period ended 30 June | 2024 | 2023 |
| Balance on 1 January (in thousand shares) | 23,542 | 23,542 |
| Weighted average number of shares for the period | 23,542 | 23,542 |
| Loss after tax attributable to shareholders (in EUR thousand) |
-514 | -888 |
| Basic and diluted loss per share (in EUR) | -0.02 | -0.04 |
13 Related party transactions
The main transactions with related parties are:
- Transactions with the Management Board and Supervisory Board contain only regular benefits for their services in their role as board members.
14 Management Board declaration
The Management Board of Ease2pay N.V. hereby declares that, to the best of its knowledge
- the Interim condensed consolidated financial statements for the sixmonth period ended 30 June 2024 as prepared in accordance with IFRS Accounting Standard IAS 34 "Interim Financial Reporting" as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and the profit or loss of Ease2pay N.V. and all its business undertakings included in the consolidation as a whole;
- the six-month interim report ended 30 June 2024 gives a fair view of the information required in accordance with Section 5:25d subsections 8 and 9 of the Dutch Financial Supervision Act ("Wet op het financieel toezicht").
Rotterdam, 25 September 2024,
| Management Board, | |
|---|---|
| Jan H.L. Borghuis | |
| Gijs J. van Lookeren Campagne |
Supervisory Board, Manuela N.D. Melis Marijke A.J. Terpstra Heini C.A.M. Withagen Tom M. de Witte
Ease2pay N.V. Burgemeester Oudlaan 50, N-building 3062 PA Rotterdam, The Netherlands Website Ease2pay: www.ease2pay.nl Corporate website: https://investor.ease2pay.com/ E-mail: [email protected] Dutch Commercial Register under number 16081306