Santierul Naval Orsova S.A.

Earnings Release • Feb 26, 2025

ŞANTIERUL NAVAL ORŞOVA S.A. Nr. RC J25/150/1991 CIF: RO 1614734 Capital social: - subscris 28.557.297,5 lei - varsat 28.557.297,5 lei Str. Tufări, nr. 4, Orşova, 225200, Mehedinţi Tel.: 0252/362.399; 0252/361.885; Fax: 0252/360.648 E-mail: mircea.sperdea@snorsova.ro; marketing@snorsova.ro Codul LEI (Legal Entity Identifier): 254900UXAJ8TPIKLXG79 Cod IBAN: RO96RNCB0181022634120001- B.C.R. Orşova Cod IBAN: RO59BRDE260SV03176142600- B.R.D. Orşova

Preliminary financial results at 31.12.2024

The company Santierul Naval Orsova S.A., ended 2024 with financial results above the levels projected for this year.

• The company achieved a turnover of 99,781,672 lei in 2024, an increase of 0.29% compared to the same period of the previous year

• During the period 01.01-31.12.2024, operational revenues, in the amount of 100,038,158 lei, increased by 0.20% compared to those recorded in the corresponding period of 2023 (99,840,070 lei).

• Operational expenses, in the amount of 93,432,551 lei and in close correlation with operational revenues, recorded a decrease in 2024 by 2.95%. compared to their level in the similar period of 2023 (96,275,369 lei).

• The profit achieved from the operational activity at the end of 2024 is 6,605,607 lei (in the corresponding period of 2023 a loss of 3,564,701 lei was recorded).

• From the financial activity, influenced by the evolution of the exchange rate, the company achieved in this period a profit in the amount of 936,208 lei, higher by 195.34% than that achieved in 2023 (316,996 lei).

During the period 01.01-31.12.2024 the company Santierul Naval Orsova S.A. achieved the following financial results:

Indicator ( lei)	Cumulative	Cumulative	Evolution 2024/2023
	achievements at	achievements at	%
	31.12.2024	31.12.2023
Turnover	99.781.672	99.494.651	100,29
Total incomes	101.160.240	100.636.685	100,52
Total expenses	93.618.425	96.754.988	96,76
Gross profit /(Gross loss)	7.541.815	3.881.697	194,29
Net profit /(Net loss)	5.936.340	3.453.687	171,88

The preliminary financial results on 31.12.2024 can be consulted by accessing the link below:

President of the Board of Directors Economical Manager Ec. Dumitru Ion Ec.Marilena Visescu

ŞANTIERUL NAVAL ORŞOVA S.A. Nr. RC J25/150/1991 CIF: RO 1614734 Capital social: - subscris 28.557.297,5 lei - varsat 28.557.297,5 lei Str. Tufări, nr. 4, Orşova, 225200, Mehedinţi Tel.: 0252/362.399; 0252/361.885; Fax: 0252/360.648 E-mail: mircea.sperdea@snorsova.ro; marketing@snorsova.ro Codul LEI (Legal Entity Identifier): 254900UXAJ8TPIKLXG79 Cod IBAN: RO96RNCB0181022634120001- B.C.R. Orşova Cod IBAN: RO59BRDE260SV03176142600- B.R.D. Orşova

Status of the Financial Position on 31.12.2024

Reference		Row	2024	2023
	Assets		(lei)	(lei)
	Fixed assets
IAS 1.54(a)	Tangible assets	01	43.654.446	38.860.571
	Lands and land arrangements	02	625.753	1.201.941
	Constructions	03	22.462.920	17.706.276
	Technical equipments and transport means	04	17.347.009	18.450.791
	Furniture, office automation []	05	138.469	98.728
	Pending tangible assets	06	3.080.295	1.402.835
IAS 1.54(c)	Intangible assets	07	41.677	81.164
	Other intangible assets	08	41.677	81.164
Ifrs 16,IAS 8	Rights to use the leased assets	09	3.335.469	495.806
IAS 1.54(b)	Investment property	10	0	606.447
IAS 1.54(h)	Trade receivables and other receivables	11	160.624	6.000
IAS 1.54(o), 56	Receivables concerning the delayed taxation	12	168.856	104.832
IAS 1.60	Total of Fixed Assets	13	47.361.072	40.154.820
	Current assets
IAS 1.54 (g)	Stocks	14	36.479.637	28.967.886
IAS 1.54(h)	Trade receivables and other receivables	15	3.096.984	12.089.896
IAS 1.55	Expenses recorded in advance	16	179.843	153.995
IAS 1.54(d)	Short term investments	17	13.514.382	6.495.815
IAS 1.54(i)	Cash and cash equivalents	18	10.955.209	11.943.703
IFRS 5.38-40	Assets classified as held for sale	19	1.048.588	0
IAS 1.60	Total of Current Assets	20	65.274.643	59.651.295
	Total of Assets	21	112.635.715	99.806.115

	Total Equity Capitals and Debts	37	112.635.715	99.806.115
	Total of debts	36	24.893.312	18.376.919
IAS 1.60	Total Current Debts	35	17.475.478	14.540.942
IAS 1.54(l)	Provisions	34	1.213.300	655.198
IAS 1.55	Advance registered incomes	33	317.980	950
IAS 1.54(k)	Commercial debts and other debts, including derived financial instruments	32	15.944.198	13.884.794
	Current debts
IAS 1.60	Total of Long-term debts	31	7.417.834	3.835.977
Ifrs 16,IAS 8	Other debts , incl.leasing	30	2.904.644	60.040
IAS 1.54(o), 56	Debts concerning the delayed taxation	29	4.513.190	3.775.937
	Long-term debts
	Debts
	Total Equity Capitals	28	87.742.403	81.429.196
	Other elements of Equity Capital	27	(4.513.190)	(3.753.867)
IAS 1.55, 78(e)	Reported result	26	1.444.674	(2.848.032)
	Result of the financial year	25	5.936.340	3.453.687
IAS 1.54(r), 78(e)	Spares	24	47.454.438	47.157.267
IAS 1.55, 78(e)	Capital premiums	23	8.862.843	8.862.843
IAS 1.54(r), 78(e)	Share capital	22	28.557.298	28.557.298
	Equity capital

Reference

		Row	2024 lei	2023 lei
	Permanent Activities
IAS 1. 82(a)	Incomes	01	93.582.437	96.632.014
IAS 1.99,103	Other incomes	02	6.455.721	3.208.056
	Total Operational Incomes	03	100.038.158	99.840.070
	Expenses concerning the stocks	04	(31.405.122)	(43.352.929)
	Expenses concerning the utilities	05	(2.298.160)	(2.062.928)
	Expenses with the benefits of the employees	06	(34.803.825)	(30.408.001)
	Expenses with the depreciation and impairment of the immobilisations	07	(5.792.451)	(5.074.087)
	Depreciation expenses related to the use of leasing assets	08	(663.926)	(658.463)
	Profit / loss from the immobilisations' disposals	09	(21.996)	(5.390)
	Value adjustment of the current assets	10	(103.835)	(55.842)
	Adjustment of commissions	11	(413.531)	1.024.394
IAS 1.99, 103	Other expenses	12	(17.929.705)	(15.682.123)
	Total Operational Expenses	13	(93.432.551)	(96.275.369)
	Result of the Operational Activities	14	6.605.607	3.564.701
	Financial Incomes	15	1.122.082	796.615
IAS 1.82(b)	Financial expenses	16	(185.874)	(479.619)
	Net Fiscal Result/ Net Fiscal Result	17	936.208	316.996
IAS 1.85	Result before Taxation	18	7.541.815	3.881.697
IAS 1.82(d) IAS 12.77	Expenses with the tax on the current profit	19	(1.691.569)	(412.474)
	Expenses with the tax on the delayed profit	20	(636.620)	(120.367)
	Incomes corresponding to the tax on the delayed profit	21	722.714	104.831
IAS 1.85	Result from Permanent Activities	22	5.936.340	3.453.687
IAS 1.82(f)	Result of the Period	23	5.936.340	3.453.687
	Other parts of the Global Result
IAS 1.82(g)	Re-assessment of the tangible assets	24	5.745.663	(746.912)
IAS 1.85	Other elements of the Global Result, after Taxation	25	5.745.663	(746.912)
IAS 1.82 (i)	Total of the Global Result corresponding to the Period Profit assigned	26	11.682.003	2.706.775

IAS 1.83(b)(ii)	To the company's Shareholders	27	5.936.340	3.453.687
	Profit of the period	28	5.936.340	3.453.687
	Total assigned global result
IAS 1.83(b)(ii)	To the company's shareholders	29	11.682.003	2.706.775
	Result per action/ Result per action
IAS 33.66	Result per main action	30	0,52	0,30
IAS 33.66	Result per action attenuated	31	0,52	0,30
	Permanent activities
IAS 33.66	Result per main action	32	0,52	0,30
IAS 33.66	Result per action attenuated	33	0,52	0,30

President of the Board of Directors , Ec. Dumitru Ion

Economical Manager, Ec. Marilena Visescu