Turbomecanica S.A.

Earnings Release • Feb 28, 2025

Bd. Iuliu Maniu Nr. 244 District Bd. Iuliu Maniu Nr. 244 Sector 6 Cod Poştal 061126 Bucureşti – Romania Tel.: (+4) 021 434 32 06; (+4) 021 434 07 41 Fax: (+4) 021 434 07 94 Identificator Unic la Nivel European (EUID): ROONRC.J1991000533409 Cod Registrul Comerţului J1191000533409 Cod Fiscal RO3156315 Cod Unic de Înregistrare 3156315 Capital Social subscris integral vărsat 36.944.247,50 RON

www.turbomecanica.ro; e-mail: office@turbomecanica.ro 6 Zip Code 061126 Bucharest - Romania Tel .: (+4) 021 434 32 06; (+4) 021 434 07 41 Fax: (+4) 021 434 07 94 European Unique Identifier (EUID) ROONRC.J40/533/1991

Commerce Registry Code J40/533/1991 Tax Code RO3156315 Unique Registration Code 3156315 Subscribed share fully paid capital 36,944,247.50 RON Current Report No. 2 of 28.02.2025

www.turbomecanica.ro; e-mail: office@turbomecanica.ro Under the provisions of ASF Regulation no. 5 / 2018 on the issuers of financial instruments and market operations and of the Law no. 24 / 2017 on the issuers of financial instruments and market operations

Reporting date: 28.02.2025 Name issuing entity: TURBOMECANICA SA Headquarters: Bucharest, 244 Iuliu Maniu Blvd., district 6 Phone no.: 021 434 32 06 021 434 07 41 facsimile: 021 434 07 94 Unique Registration Code with the Trade Registry Office: RO 3156315 Registration number with the Trade Registry: J1191000533409 LEI Code 529900O5AIXHHACIZH85 Subscribed and integrally paid in capital: 36.944.247,50 lei Regulated market where the issued receivables are traded: Bucharest Stock Exchange Capital Titles Standard Shares

I. Important events to report:

Turbomecanica SA makes available for the investor and the regulating entities the preliminary financial results for the financial year closing on 31.12.2024.

We mention the fact that the preliminary financial statements as of 31.12.2024 are not financially audited.

1. Regarding the Statement of Financial Position:

The value of property, plant and equipment decreased with the depreciation value of 2024 also due to the outflows of fixed assets from TBM's assets.

The value of intangible assets increased with the calories related to the modernization of the SAP-ERP software

As of 31.12.2024, the contractual assets falling within the scope of IFRS 15 "Income from customer contracts" for 2024 are being analyzed, documented and justified. Also, the impact of IFRS15 on the Financial Statements could not be fully completed until this date, therefore the Final Financial Statements will undergo changes compared to the preliminary statements. Contractual assets for 2024 are impacted to a small extent by IFRS15.

The value of Stocks increased compared to the previous period – a significant impact was also had by the increase in the prices of raw materials and aviation materials, which TBM is also sourcing in 2024, we also sourced raw materials and materials for the orders related to the customer IAR Brasov and MApN for 2025.

Regarding trade receivables, these represent advances invoiced to the IAR customer, as well as invoices issued in December 2024, to customers and not yet collected.

In 2024, the Company deposited with BRD – Groupe Societe Generale as a deposit, amounts in the amount of RON 22,000,000. These amounts are probably intended to ensure own funds in order to start the development project in the maintenance of civil engines.

The leasing loans and debts reflect the leasing contracts that the company has concluded in order to ensure the Investment Plan and the short-term loans include the amounts related to the working capital, as well as the part related to the leasing contracts on TS

Reserves and Deferred Profit were impacted by fixed asset outflows, which led to an increase in equity by 2.3 million compared to 2023

2. Regarding the Statement of profit and loss:

Turnover as of 31.12.2024: RON 142,501,996 (including with IFRS15 expected impact) thus exceeding the budgeted level.

The provisions constituted as of 31.12.2024 increased compared to the previous year, the significant value being in stocks with slow movement and no movement with an impact on the position- Other gains and losses

The variation in inventories of finished products and products in execution increased compared to last year, primarily due to the increase in production in execution and the fact that we have not yet completed the impact of IFRS15 on this variation in 2024.

The financial income decreased compared to last year because the interest that the company received on the deposits constituted was lower.

Salary expenses increased by 13% compared to 2023, largely influenced by the evolution of inflation and the labor market in Romania.

Depreciation and amortization expenses increased by 50% compared to 2023 as a result of the increase in fixed asset values following the revaluation from 31.12.2023

As far as corporate income tax is concerned, in 2023 the financial statements were impacted in addition to the current corporate income tax and the deferred corporate income tax, while for the preliminary financial statements 2024 the corporate income tax value is not yet definitive.

Board of Directors by President, General Manager Eng. Radu Viehmann

STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2024

	31 DECEMBER	31 DECEMBER
	2024	2023
Assets
Fixed assets
Property, plant and equipment	92.747.058	99.147.483
Intangible assets, net	1.358.776	774.330
Other assets	6.000	6.000
Total fixed assets	94.111.833	99.927.813
Current assets Inventories	116.901.715	80.750.305
Trade receivables	11.732.347	29.982.186
Contract assets	2.300.000	11.697.107
Other receivables	1.274.625	1.491.807
Other current assets Term deposits	2.898.353	3.313.564
Cash and cash equivalents	22.000.000	18.000.000
	3.451.958	782.914
Total current assets	160.558.998	146.017.884
Total assets	254.670.831	245.945.698
Shareholder equity and liabilities
Shareholder equity
Issued Capital	36.944.248	36.944.248
Reserves	83.652.595	88.601.997
Retained earnings	28.417.208	21.071.817
Losses related to the free disposal of eqiuity instruments	(599.408)	(599.408)
Total shareholder equity	148.414.643	146.018.653
Long term liabilities
Leases	14.292.425	10.140.582
Deferred tax liabilities	5.815.079	5.815.079
Provisions	799.099	799.099
Other liabilities	-	4.656.223
Total liabilities TL	20.906.603	21.410.983
Current liabilities
Trade and other liabilities	7.568.121	9.106.997
Contract liabilities	31.209.570	32.695.740
Borrowing & leases	31.930.103	20.766.700

Current Income tax	733.627	1.873.718
Provisions	4.723.513	3.807.170
Other current liabilities	9.184.651	10.265.737
Total current liabilities	85.349.585	78.516.063
Total liabilities	106.256.188	99.927.045
Total shareholder equity and liabilities	254.670.831	245.945.698

CEO,

RADU VIEHMANN Financial & Commercial Director CLAUDIA ANGHEL

STATEMENT OF PROFIT AND LOSS AT 31 DECEMBER 2024

	31 DECEMBER 2024	31 DECEMBER 2023
Revenues	## 142.501.996	131.363.429
Other gains and loss	## (4.373.151)	590.540
Change in inventories of finished goods and work in progress	## 15.143.836	5.989.632
Raw materials and consumables used	## (48.692.696)	(49.106.751)
Employee benefits expense	## (62.905.472)	(55.661.491)
Depreciation and amortisation expense	## (11.719.922)	(7.742.702)
Finance cost, net	## (3.521.397)	(2.619.428)
Financial income	1.085.865	1.518.037
Other operating expenses	## (11.619.499)	(11.453.507)
Other operating income	1.101.953	1.149.640
Gross profit/Profit before tax	17.001.515	14.027.400
Income tax expense/ benefit	(4.772.155)	(2.880.739)
Net profit	12.229.360	11.146.661

CEO,

RADU VIEHMANN Financial & Commercial Director, CLAUDIA ANGHEL